Page 2 - Auto Industry

Compressed biogas powerful pathway to net zero: Maruti MD & CEO Takeuchi

Maruti Suzuki bets on compressed biogas as a key decarbonisation fuel, investing in nine CBG plants to support India's net-zero goals

Auto component sector margins to moderate amid West Asia conflict: Crisil

Operating margins of auto component makers are expected to decline by up to 150 basis points this fiscal year as higher raw material and freight costs weigh on profitability, according to Crisil

Maruti's mini-car sales up 147% in April-May on easing constraints

Maruti Suzuki reports a sharp rebound in mini-car sales as production constraints ease, while rising fuel prices drive stronger demand for CNG-powered vehicles

Major fire at Hyundai Mobis facility may hit Hyundai, Kia production

A fire at Hyundai Mobis' Sriperumbudur facility near Chennai could disrupt supplies to Hyundai Motor India and Kia India, affecting production in the coming weeks

Luxury sedans hold ground in SUV era as premium buyers stay loyal

Nearly three in 10 luxury vehicles sold in India are sedans, with Audi, BMW and Mercedes-Benz each deriving about 40 per cent of India sales from the body style

Red tape redux: Automakers see red as PLI scheme paperwork multiplies

Automakers flag new export certification rules under the PLI scheme, saying added compliance burdens risk undermining ease-of-doing-business goals

Datanomics: India's rising car exports face fresh Lankan speed bump

After lifting its import ban in 2025, Sri Lanka has seen a sharp rise in vehicle imports, prompting a temporary surcharge to protect forex reserves and ease pressure on the external sector

Maruti Suzuki commences production at second unit of Kharkhoda facility

The second unit has an annual manufacturing capacity of 250,000 units. The first unit, which can also produce 250,000 units per year, had started production in February 2025

India to drive Hyundai Motor's global production, export road map

Hyundai Motor India plans to cross 1 million units of production capacity by FY28, with Chennai playing a central role in exports and new model launches

Hero MotoCorp plans ₹1,500 cr capex to double scooter production capacity

Two-wheeler market leader Hero MotoCorp has earmarked Rs 1,500 crore capex for FY27 to double its scooter production capacity, according to its CEO Harshavardhan Chitale. The company has also committed over Rs 700 crore of investment in building a global parts centre in South of India, he told analysts. "We are investing in capacity expansion, and we have committed over Rs 1,500 crore of capex in FY27. And this capex is going to expand our capacity in scooters, where for some of our models that are doing very well, we are doubling our capacity," Chitale said. With the company doing "60,000-odd scooter volume run rate" monthly at present, when asked if doubling it could mean closer to 1 lakh, he said,"That's our ambition." Elaborating on the scooter capacity expansion, Chitale said in the ICE (internal combustion engine) scooters, Hero MotoCorp has increased 'Destini' model capacity by 50 per cent already. "We are in the process of doubling our Xoom capacity," he added. On EV, he

Macro challenges may make Tata Motors Passenger Vehicles' drive bumpy

EVs have a quarterly run rate of 24,000 units (Q4 volumes were 27,000 units). Management targets 10,000 units per month

Why two- and three-wheeler EV startups are pushing for PLI scheme inclusion

Why startups in two- and three-wheeler EV space have escalated their demand for PLI inclusion

JSW MG Motor set to build an Indian core for electric passenger vehicles

Mehrotra said that their aim is to hit the target of 70% localisation- within 12 to 18 months and many of their cars like the electric Comet have already crossed the 50% localisation mark

With India stuck in ICE age, China set to lead electric 2W export race

China is rapidly capturing global electric two-wheeler markets, while India risks missing a major export opportunity despite its dominance in ICE segments

ELV rules make auto sector non-compliant, FY26 scrap target missed by 70%

Auto companies in India fell short by 70 per cent in meeting the steel equivalent vehicle scrapping commitments in FY26 set under the environment ministry's end-of-life vehicle rules, even as industry executives blamed 'unrealistic policy' for making the entire sector non-compliant. The Ministry of Environment, Forest and Climate Change, notified the Environment Protection (End-of-Life Vehicle) Rules, 2025, in January last year, and it came into effect on April 1, 2025. It required automakers to meet extended producer responsibility (EPR) obligations on the basis of the weight of steel recovered from the scrappage of end-of-life vehicles (ELVs) or other steel scrap materials processed at registered scrapping facilities. However, a draft amendment to the notification on March 27, 2026, issued by the ministry removed the provision of 'other steel scrap materials' for the issuance of the EPR certificate, mandating only steel generated from scrapped vehicles to be counted for the ...

Mahindra group appoints Vimal Agarwal as group chief internal auditor

Mahindra Group has appointed Vimal Agarwal as Group Chief Internal Auditor from July 1, 2026, as the conglomerate sharpens its focus on governance and internal controls

2W industry to grow high single digits despite West Asia crisis: Hero

About 21.71 mn two-wheelers were sold in India in FY26, recording a 10.7% year-on-year growth, primarily driven by the GST rate cuts implemented in September 2025

Maruti Suzuki India starts FY27 with increase in market share to 42%

The country's largest carmaker, Maruti Suzuki India, has started the new fiscal 2026-27 with a 42 per cent market share, increasing from 39 per cent in the previous fiscal. According to industry estimates, the company, which posted a record domestic sales of 1,91,122 units in April, gained nearly 3 percentage points in market share the month. Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee, told PTI that although the company's increase in market share has been led by its passenger cars, SUVs have also made a significant contribution. "We started the new fiscal with a bang in April with record sales and also gained market share," he said. The company's previous highest domestic sales were in December 2025 at 1,82,165 units. Its passenger car sales were at 96,725 units in April this year as against 68,244 units in the same month last year. "In SUV, we have done an all-time high of 55,065 units in April with a growth of 141.6 per cent over last year.

Auto industry faces ₹25k cr hit on profits due to end-of-life vehicle rule

The Indian automobile industry is staring at a hit of about Rs 25,000 crore on bottom line for FY26 with the Environment Protection (End-of-Life Vehicles) Rules 2025 triggering an accounting standard clause that requires automakers to make budgetary provision for environmental compensation for vehicles sold in the past. According to industry executives, an "innocuous looking" clause in the Environment Protection (End-of-Life Vehicle) Rules, 2025 notified by Ministry of Environment, Forest and Climate Change, in January 2025 has spooked automakers after their auditors flagged the magnitude of its ramifications. The "Rule 4 (6)" of the January 2025 notification states, "In case the producer stops its operations, the producer must comply with its Extended Producer Responsibility (EPR) in respect of vehicles already made available in the market till closure of operations..." "This rule triggers accounting standard IND AS 37, ' Provisions, Contingent Liabilities and Contingent Assets', .

EV sales jump nearly 70% in Jan-Apr; momentum sustains beyond March spike

April volumes hold near peak despite fewer selling days; Tata leads while M&M and Maruti gain share amid broad-based growth