Page 3 - Auto Industry

HD Hyundai plans $2 bn shipyard in Thoothukudi; Tamil Nadu pitches policy

South Korea's HD Hyundai, one of the world's largest ship manufacturers, is planning to build a shipyard in Thoothukudi. The project may reportedly see an investment of around $2 billion

Lumax group expects to more than double its revenue in 4-5 years

Unlike many other auto component makers in India, the Lumax Group is not focused on exports

Ola Electric to hire 1,000 technicians as hyperservice enters next phase

Ola Electric is preparing to recruit about 1,000 senior service technicians and specialised professionals as the company moves into the next phase of its Hyperservice programme, according to people familiar with the plan. The expansion will substantially bolster the firm's after-sales workforce of around 2,000 and follows weeks of rapid-response efforts to clear service backlogs in key markets. "This is the second, more structural leg of Hyperservice," a senior company official said, requesting anonymity. "The taskforce was the firefight. This phase is about ensuring we don't have to go through it again." Unlike a typical hiring expansion, the upcoming drive focuses on senior and specialist roles - from EV diagnostics experts to service centre managers and customer-facing advisors. Insiders say the objective is to upgrade capability rather than merely increase headcount, targeting roles that influence repair accuracy, centre operations, and first-contact customer experience. "We a

Auto industry weighed down by forex pressure as rupee depreciates

With the rupee weakening against the euro and dollar, luxury and mass-market automakers are preparing steep price hikes as rising import and semiconductor costs squeeze margins

VinFast to expand facility for electric two-wheelers, buses in Tamil Nadu

VinFast will invest an additional $500 million to expand its Thoothukudi facility for electric bus and e-scooter manufacturing, under a new MoU with Tamil Nadu

Ultraviolette raises $45 million from Ferrari-investor Lingotto, Zoho

EV two-wheeler maker Ultraviolette has raised $45 million in its Series E round from Zoho and Exor's Lingotto, as it scales production, advances battery tech and prepares for an IPO by FY28

Maruti installs 2,000 exclusive EV charging points across 1,100 cities: MD

Maruti Suzuki builds a 2,000-point EV charging network across 1,100 cities as it prepares to launch the five-star-rated e-Vitara in 2026 and ramps up nationwide electric mobility support

Tesla's China-made EV sales rise nearly 10% in Nov amid fierce competition

Tesla's main business has been under pressure, notably from Chinese rivals, while Elon Musk shifts his focus to self-driving robotaxis and humanoid robotics

Domestic PV wholesales rose 21% in November, fuelled by GST cuts

Banerjee said that the wholesales in December are also expected to be good as the production team is working overtime to satisfy the high demand

May have to discontinue small cars if CAFE targets unjust: Maruti

Maruti Suzuki warns that unworkable CAFE-3 emission targets could force small, low-emission cars off the road, urging realistic norms and pushing back against industry claims on safety and exemptions

Hyundai sales rise 9% to 66,840 units in November on strong demand

Hyundai Motor India on Monday reported a 9 per cent year-on-year increase in total sales at 66,840 units in November. The company dispatched 61,252 units to its dealers in the same months last year. In the domestic market, the automaker sold 50,340 units, as compared with 48,246 units in November 2024, registering a growth of 4 per cent. Exports stood at 16,500 units, as against 13,006 units in the same period last year. "Supported by GST 2.0 reforms, we continue to carry forward sales momentum with a year-on-year growth in our monthly domestic sales in November 2025," Tarun Garg, Whole-time Director & Chief Operating Officer, said in a statement. Further, the company's commitment to bolstering India's role as a global manufacturing hub is further solidified with 26.9 per cent year-on-year growth in monthly exports, he added.

CAFE weight relief will hit EV momentum in India: M&M, Tata Motors

Draft CAFE norms distort level playing field, they added

CAFE weight relief for small cars will favour 1 firm: Swadeshi Jagran Manch

Mahajan warns that a sub-909 kg carve-out could distort competition, curb R&D and slow India's clean-mobility goals

Sansera hits new high, zooms 85% from March low; what's driving this stock?

Sansera hit a new high at ₹1,769 on Thursday. The company has a robust orderbook of ₹2,150 crore as of Q2FY26, with over 60 per cent from international markets.

myTVS eyes Africa, Europe as it plans 2,500 service centres by 2027

myTVS aims to expand into Africa and Europe and scale its multi-brand service network from 1,200 to 2,500 centres by 2027, supported by 10 million active service subscriptions and a UAE partnership

Two-wheeler sales soar to record high in Oct on GST cuts, festive demand

India's two-wheeler industry recorded its best-ever monthly sales in October 2025, buoyed by GST 2.0 rate cuts, festive buying and strong rural demand, with ICRA projecting steady growth for FY26.

Tata Motors targets 20-25% SUV share with new Sierra: MD & CEO Chandra

Eyes doubling EV volumes in FY26

Weighty matters for cars: CAFE row overlooks public-policy objectives

From the point of view of optimal urban-traffic management and, indirectly, urban pollution and public-health objectives, this exemption could, however, be seen as unexceptionable

Proposed new CAFE norms spark a big vs small car debate in India

Throw tax rates, complex regulations and shifting demand into the mix, and things start to get complicated for automakers

Zypp Electric targets 5x fleet in 2-3 years: Cofounder and CEO Akash Gupta

The company aims to enter 25 cities and capture 10-12 per cent of all last-mile deliveries in these markets