Page 4 - Auto Industry

Ola unveils 'Ola Insiders' programme with upgrade and referral benefits

Ola Electric on Sunday launched 'Ola Insiders', an exclusive community programme for its existing customer base of over 10 lakh riders across the country. The initiative unlocks a host of benefits for the community members, including vehicle upgrade, add-on and referrals. As part of the programme, customers can upgrade their existing scooters and receive benefits of up to Rs 50,000 on the latest Gen 3 S1 portfolio and Roadster motorcycles, including the 4680 Bharat Cell variants, Ola Electric said in a statement. Besides, existing Ola customers can unlock benefits of up to Rs 20,000 when adding another Ola vehicle under the same registered name, it added. The customers can avail referral benefits and earn up to Rs 5,000 in Ola credits upon successful delivery. The referred buyer will also receive a Rs 1,000 cashback. "With over a million riders, our community remains central to our journey. With the launch of Ola Insiders, we are introducing a structured ownership program built a

Tata Motors Passenger Vehicles total sales jump 35% to 63,331 units in Feb

Tata Motors Passenger Vehicles on Sunday reported a 35 per cent growth in total sales to 63,331 units in February against 46,811 units in the same month of the last year. Domestic PV sales stood at 62,329 units last month as against 46,435 units in the year-ago period, a growth of 34 per cent, Tata Motors Passenger Vehicles Ltd said in a regulatory filing. PV sales in the international market stood at 1,002 units last month against 376 units in February 2025. Total sales of electric vehicles in the international and domestic market increased 57 per cent to 8,385 units from 5,343 units in February 2025, the company said.

Nexa Studios may contribute 30% to Nexa sales by FY31: Maruti Suzuki

Nexa Studios, now 200 of over 740 Nexa outlets, are expected to contribute 25-30% of Nexa sales by FY31 as Maruti Suzuki expands the compact format and manages strong early demand

Affordability keeps ICE relevant as buyers warm to hybrids: Study

Hybrids emerge as the preferred bridge technology as most buyers stay price-conscious, favour lower EMIs and take a cautious view on full electrification

India's EV transition on right track, but miles to go, say experts

Government schemes such as the PM E-Drive initiative, with allocations of around Rs 2,000 crore for charging points deployment, are helping accelerate rollout

India must build materials, tech capability to scale manufacturing: Experts

At BS Manthan, industry leaders highlight gaps in advanced materials, R&D, and minerals, even as policy support, global shifts, and investor confidence create new momentum for manufacturing growth

Ather's entry in PLI could boost India's e2w exports: CEO Tarun Mehta

The PLI scheme for automobiles and auto components was approved by the Union Cabinet on September 15, 2021, with a total outlay of Rs 25,938 crore over five years

OMC Power enters EV battery repurposing biz in partnership with Honda

OMC Power has forayed into leveraging repurposed EV batteries to deliver energy storage solutions across diverse market segments, a top company executive said. OMC Power is involved in rooftop solarisation, EPC, greening telecom infrastructure, and mini-grid development, among others. "Repurposing EV batteries is a very new application area in India. Probably we would be the first one to do it with Honda Motors Japan," the company's co-founder & CEO Rohit Chandra told PTI in an interaction. There was a growing concern about the future of EV batteries, which have a substantial second life left after use in EV's, he noted. The CEO further said that "repurposing EV batteries for home and commercial use in UPS (uninterrupted power supply) application was one of the first use cases we piloted. The solution can also support rooftop installations as hybrid rooftop installations using battery storage systems will also be a big upcoming application for such batteries." On the sourcing of .

Tata Motors to widen BaaS beyond Punch.ev to lift entry-level EV adoption

Tata Motors aims to drive EV uptake in the sub-Rs 12 lakh segment by extending battery-as-a-service beyond Punch.ev, targeting buyers who need lower upfront prices and usable range

Valeo to invest ₹2,150 cr in India and triple its annual sales by 2028

Valeo will invest ₹2,150 crore in India as part of its Elevate 2028 strategy, expanding EV and ADAS manufacturing, localisation, and engineering capacity to triple domestic sales

Maruti Suzuki flips the EV switch with eVitara pricing play, BaaS bet

Maruti Suzuki debuts the e-Vitara with aggressive pricing, a BaaS model, buyback assurance and a charging-service network, while cautioning of production constraints until July

Auto industry growth likely to be 3-6% in FY27 as high base kicks in: Icra

Ratings agency says elevated growth in FY26 will give way to moderation next fiscal as higher base and normalising demand temper volumes across PV, two-wheeler and CV segments

CAFE-3 emission norms: BEE likely to rationalise technology credits

Several fuel-saving technologies are now widely used in India's passenger vehicles

Mahindra Q3 result: PAT up 47% at ₹4,675 cr on highest quarterly revenue

Mahindra & Mahindra reports 47 per cent rise in Q3FY26 net profit to Rs 4,675 crore on record revenue; gains market share in SUVs and LCVs, tractor share steady

India's auto component firms go digital amid world crises, EVs: Report

Digitalisation, automation and smart factories no longer a luxury for sector, it says

Limited charging infra biggest challenge to EV growth: Auto firms

Auto industry executives say lack of charging infrastructure, reliability issues and low consumer confidence continue to slow electric vehicle adoption in India despite rising demand

Stellantis takes $26.5 bn writedown in latest EV pullback, shares tank

Stellantis is particularly exposed because it leans heavily on high-margin Jeep and Ram pickup truck sales in the US, where demand for EVs is especially subdued

Yamaha enters India's EV market with EC-06 scooter priced at Rs 1.67 lakh

India Yamaha Motor has announced the price of its first electric scooter, EC-06, at Rs 1.67 lakh, to be sold in select cities through premium Blue Square showrooms

Financial Services to Auto: How the Budget 2026-27 affects key sectors

High-level committee on banking for Viksit Bharat to steer banking reforms for next growth phase

India-EU trade deal: Auto firms eye India to take on Chinese rivals

Look to use India's manufacturing cost advantage as carmakers from China have gained market share in EU in recent years