Page 2 - Auto Industry

Govt releases draft CAFE III norms, invites stakeholder suggestions

The Ministry of Power on Thursday released Draft Corporate Average Fuel Economy 2027 Norms (CAFE-III) and sought suggestions from stakeholders. The new norms, which aim to progressively reduce vehicle emissions, will replace the existing CAFE-II norms that are likely to come to an end on March 31, 2027. The norms are proposed to be applicable to M1 category passenger vehicles manufactured or imported for sale in India during 2027-28 to 2031-32, the ministry said in a statement. Passenger vehicles that have up to eight seats, in addition to the driver's, fall in the M1 category. The ministry said stakeholders and the public can mail their suggestions and feedback or send them to the under secretary, energy conservation. The last date for receipt of suggestions and feedback is August 6, 2026. The draft norms shall also be uploaded on the websites of the Ministry of Power and the Bureau of Energy Efficiency shortly, the ministry said. According to an official, compliance to the pro

TVS, Bajaj, Hero and Ather corner 96% of H1 e2W growth as Ola loses ground

Fada data shows legacy players driving nearly all first-half market growth, while Ather remains the standout among EV-first manufacturers

Auto deal activity falls to 3-year low; capital flows to EV, mobility firms

India's automotive sector recorded $717 million worth of deals in the April-June quarter, with investors favouring fewer but larger transactions in EVs, mobility and automotive technology

India's auto sector records 20 deals worth $717 mn in Q2 2026: Report

India's automotive sector recorded its lowest quarterly deals transaction volumes in three years at a total of USD 717 million in Q2 2026, according to Grant Thornton Bharat's latest Automotive Dealtracker. In Q2 2026 deal values remained largely strong despite transaction volumes falling to their lowest quarterly level since Q2 2023, Grant Thornton Bharat said in a statement. India's automotive sector recorded 20 overall deals worth USD 717 million in Q2 2026, it added. Overall deal values declined marginally by 4 per cent quarter-on-quarter, as capital remained concentrated in a few high-value transactions across mobility platforms, automotive technology and public market fundraises, it added. "While deal activity slowed during the quarter, investment remained focused on businesses driving the future of mobility," Grant Thornton Bharat Partner and Auto & EV Industry Leader, Saket Mehra said. He further said ,"We are seeing continued interest in EVs, mobility platforms and ...

Volkswagen CEO signals no plant closures as automaker moves to cut costs

Volkswagen's CEO indicated in comments published Sunday that he's trying to avoid closing plants as he seeks to turn around the automaker's performance. The Wolfsburg, Germany-based company faces pressure to cut costs at home and increasingly intense competition in the lucrative Chinese market, in particular. Last week, Volkswagen said its "fundamental realignment" over the past three years had reached its next phase, announcing plans to streamline the model lineup by up to half. It didn't provide specifics, and questions remain over how else it will cut costs. There has been renewed speculation about the future of several plants in Germany. "There are more intelligent solutions than closing plants," CEO Oliver Blume told the Bild am Sonntag newspaper. He added that a cost-cutting program in Germany already is producing effects. "We were able to improve our factory costs in Germany by an average 20 per cent last year alone," he said, describing that as "strong progress." Blume ar

Gadkari urges cooperation among Brics nations to shape future of mobility

Union Minister Nitin Gadkari on Saturday called for deeper cooperation among BRICS nations to build transport systems that are sustainable, resilient, inclusive and future-ready, stating that the grouping's collective strength presents a unique opportunity to shape the future of global mobility through innovation, partnership and shared responsibility. The Union Minister for Road Transport and Highways was addressing the 3rd BRICS Transport Ministers' Meeting being held in Nagpur under India's BRICS Chairship. Welcoming transport ministers, delegation heads and senior officials from the member countries, Gadkari said the meeting is a significant step towards strengthening transport cooperation among emerging economies. India's BRICS Chairship, guided by the theme 'Building for Resilience, Innovation, Cooperation and Sustainability', reflects a people centric, humanity-first approach inspired by the timeless philosophy of 'Vasudhaiva Kutumbakam' or the 'world is one family', he ...

Indian auto component industry scales ₹7.6 trn turnover in FY2025-26

The performance was driven by robust domestic demand, higher vehicle production, sustained investments in capacity and technology, and steady export growth

Centre asks OEMs to audit connected vehicles' software and devices

The Centre has asked automakers to audit connected vehicle software and battery systems after security flaws exposed electric vehicles to remote hacking risks

JSW MG Motor, Spinny partner to strengthen pre-owned EV ecosystem in India

JSW MG Motor India and used-car platform Spinny on Monday announced a partnership to strengthen the pre-owned electric vehicle ecosystem in the country. The partnership will aim to address several important factors, such as battery health, resale value, vehicle quality and long-term ownership assurance, that influence purchase decisions, particularly in the pre-owned market, said a joint statement. As electric mobility continues to gain momentum in India, building a strong and trusted pre-owned ecosystem will be critical to accelerating adoption, JSW MG Motor India Chief Commercial Officer Vinay Raina said. "Our partnership with Spinny enables us to extend confidence across the ownership lifecycle while making electric mobility more accessible, transparent, and rewarding for customers," he added. Spinny Founder & CEO Niraj Singh said, "Through our partnerships, we are working to address some of the most important barriers to EV adoption, from battery health transparency and resale

Mounting paperwork, delays hurt ease of doing business for automakers

ARAI's forex proposal exposed wider industry concerns over the auto PLI scheme, with automakers seeking a simpler, faster certification and compliance process

Industry leaders back E20 rollout, say years of testing found no concerns

Industry experts defended India's E20 rollout, saying the ethanol blending programme followed years of testing and consultations, with no major concerns found by automakers and research bodies

Electric two-wheeler demand charges ahead as factories play catch-up

Manufacturers line up 3 million units of new capacity to close supply gap

TVS Motor vrooms past Hero, Honda to take top slot in 2-wheeler sales

TVS Motor became India's top two-wheeler maker by total June sales, surpassing Hero MotoCorp and Honda on the back of strong domestic demand and exports

West Asia conflict accelerated EV adoption in India: Tata Motors MD

The West Asia war has played a key role in the faster acceptance of electric mobility in India, shifting the market from 'a push mode to a pull mode', Tata Motors Passenger Vehicle Ltd Managing Director & CEO Shailesh Chandra said on Tuesday. The company, which launched the electric version of its popular SUV Sierra at an introductory price ranging between Rs 18.79 and Rs 24.79 lakh, expects industry EV penetration in the passenger vehicle segment to be 7-8 per cent this fiscal and cross 10 per cent in FY28, he told reporters here in an interaction. While the entry of multiple players in the EV segment and the breaking of barriers across subsegments such as pricing, range anxiety, and charging infrastructure have helped EV growth, the West Asia war has also played a significant role, he added. "Around the Middle East crisis, there has been a faster acceptance. I would say, if the same customers were reluctant before, say, February 2026, they are now more amenable to considering an

TVS Motor looking ahead with 'measured optimism': CMD Sudarshan Venu

TVS Motor Company is looking forward with measured optimism to the road ahead that is "unpredictable, complex and exciting", according to its Chairman and MD Sudarshan Venu. In his address to shareholders in the company's annual report for 2025-26, Venu said the company expects to perform in line with market expectations in its primary market in India, barring any weather shocks that may impact the monsoons or any other unforeseen circumstances. Stating that TVS Motor Co is looking forward with measured optimism, he said,"The road ahead is unpredictable, complex and exciting." He further said, "Our geographic diversification, technology depth, and presence in markets where mobility is essential rather than optional give us a resilience that is structural and durable." In terms of the company's performance going forward, he said, "We expect to perform in line with market expectations, in our primary market in India, barring any weather shocks that may impact the monsoons or any othe

Bee in the bonnet: Now, Siam objects to battery recycling rules

Battery recycling targets start after 8 years, but LFP batteries last longer

Electric commercial vehicle adoption near tipping point: Tata Motors

Tata Motors says commercial vehicle electrification is nearing a tipping point, driven by improving economics, localisation and policy support

Tata Motors to begin isobutanol-blended diesel truck trials next quarter

Tata Motors to begin pilot trials of trucks running on 2% isobutanol-blended diesel next quarter as India explores alternative fuels to cut oil imports

Tata Motors CV biz switches gear from trucks to wider mobility highway

Digital platforms, international operations and mobility services are emerging as key growth drivers as Tata Motors Commercial Vehicles seeks to reduce cyclicality

Bajaj Auto says ransomware attack impacts company and unit systems

The automaker said it initiated precautionary measures and response protocols after a ransomware attack affected its systems and those of subsidiary Bajaj Auto Technology