Automobile Industry

Maruti Suzuki completes merger with SMG, authorised capital up ₹15,000 cr

Maruti Suzuki India on Monday said the scheme of amalgamation with Suzuki Motor Gujarat has become effective from today. Consequent to the effectiveness of the scheme, there has been an increase in the authorised share capital of the company by an amount of Rs 15,000 crore crore the auto major said in a regulatory filing. "We would like to inform that the company has filed the certified copy of the order issued by the Hon'ble National Company Law Tribunal, sanctioning the Scheme of Amalgamation of Suzuki Motor Gujarat, a wholly owned subsidiary (SMG), into and with Maruti Suzuki India (MSI) with the Registrar of Companies, Delhi and accordingly, the scheme becomes effective from today December 1, 2025," it stated. The Appointed Date under the scheme is April 1, 2025 and as such, the amalgamation of SMG into and with MSI has been completed, it added. Maruti Suzuki shares were trading 0.15 per cent up at Rs 15,917.25 apiece on BSE.

JSW MG Windsor EV crosses 50,000 sales in under 400 days of launch

MG's Windsor EV has crossed 50,000 sales in just over 13 months, becoming India's fastest four-wheeler EV to reach the milestone and sharply lifting the company's electric vehicle market share

Hero MotoCorp Q2FY26 results: Net profit rises 23.9% to ₹1,321 crore

Hero MotoCorp said its international business grew by 77 per cent Y-o-Y in the second quarter, primarily due to good performance in Bangladesh, Nepal, Sri Lanka and Colombia

Record festival sales, GST cuts help Eicher Motors log 24% profit rise

Revenue hits all-time high, GST cut boosts demand for sub-350cc bikes; seeks uniform 18% GST across all motorcycle segments to boost domestic demand and global competitiveness

Shailesh Chandra becomes first Indian to head global auto body OICA

Chandra becomes the first Indian to head OICA, marking a significant milestone for India's presence in global automotive decision-making

New launches, premiumisation to drive M&M's continued outperformance

On track for continued outperformance in FY26 with strategic launches, premiumisation

Bajaj Auto pips TVS in October to top electric two-wheeler market

At the third spot is Ather Energy, which is in a fierce battle with the incumbent competitors to challenge their position

Hyundai India Q2 preview: Margins seen rising on richer mix, cost control

On the bourses at 2:05 PM, Hyundai Motor India share price was trading 1.31 per cent higher at 2,302.50. By comparison, BSE Sensex was trading 0.48 per cent lower at 84,370.08 levels.

CarTrade Tech zooms 209% in 1 year; stock skyrockets 782% in 31 months

Shares of CarTrade Tech hit a new high of ₹3,008.95, soaring 13% on the BSE in Tuesday's intra-day trade after the company reported its highest-ever quarterly revenue and PAT for Q2FY26.

Hyundai India names Sunil Moolchandani as new national sales head

With over two decades in the automotive sector, Sunil Moolchandani will lead Hyundai Motor India's national sales strategy, dealer performance, and market expansion efforts

India's auto deals hit $4.6 bn in Q3, driven by outbound M&A, EV growth

Excluding the Tata Motors transaction, deal values fell 36 per cent quarter-on-quarter (Q-o-Q), indicating that large strategic bets continue to drive overall momentum

Dhanteras engine fires up auto market: Over 100K cars delivered in 24 hours

GST 2.0, small-car revival accelerate biggest single-day PV sales in history

Auto shares in demand; TVS Motor hits new high, M&M, Eicher rally 2%

At 10:19 AM; BSE Auto index and Nifty Auto index, the top gainers among sectoral indices, were up 1.3 per cent each, as compared to 0.5 per cent rise in the BSE Sensex and Nifty 50.

Hyundai Motor lines up ₹45,000 cr investment in India: 26 launches in 2030

Hyundai plans 26 launches, including seven new nameplates and India's first locally made electric SUV by 2027, as part of its Rs 45,000 crore growth roadmap

This is the start of Hyundai India's next phase of growth: Tarun Garg

Hyundai veteran Tarun Garg will succeed Unsoo Kim as MD & CEO from Jan 1, 2026, marking a new chapter in the automaker's India journey

Electrifying shift: Hatchbacks to luxury wheels, India's EV moment is here

As EV market matures, Indian consumers now have clear choices across budget, mid-range, and premium segments - and the first Tesla buyer in the country signals that aspiration has joined affordability

Fewer variants, lower prices: Tata Motors reworks Harrier, Safari strategy

Company executives added that the Adventure X trims are expected to lift sales volumes, though average selling prices may soften compared with last year, when demand was led by high-end variants

Tata Motors records best-ever monthly sales at 60,907 units in September

Tata Motors on Wednesday reported its best-ever monthly passenger vehicle sales of 60,907 units in September, a year-on-year increase of 47 per cent, due to the GST rate cut and higher demand during the Navratri festival. The Mumbai-based auto major reported vehicle wholesales of 41,313 units in September 2024. In the domestic market, the company said, its dispatches to dealers rose 45 per cent to 59,667 units against 41,063 units in the year-ago period, Tata Motors said in a statement. "The passenger vehicles industry marked a sharp upswing in demand during September 2025, following the rollout of GST 2.0, further buoyed by festive tailwinds. This surge in demand sets a promising tone for sustained growth in the months ahead," Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said. For the company, September 2025 emerged as a watershed month with sales of 60,907 units, the automaker's highest ever, marking a substantial 47 per cent year-on-year growth, he added. "

Tesla India begins Model Y deliveries, offers free home charging setup

Tesla India on Monday said it has commenced deliveries of Model Y after introducing the model in July this year. Within two months, the company has started the deliveries of the Model Y; this marks a significant step forward and creates a new chapter in electric vehicle ownership and sustainable development in India, the American electric vehicle maker said in a statement. New Model Y owners will be provided with a complimentary wall connector, allowing convenient installation in their parking space for easy home charging, it added. The redesigned Model Y, the world's best-selling electric vehicle in 2023 and 2024, is available in two trims: rear-wheel drive and long-range rear-wheel drive, which provide 500 km and 622 km (WLTP) range, respectively, the company stated. Tesla said it will also start deliveries for Long Range Model Y customers soon. The company had opened its first experience centre in Mumbai in July followed by second experience centre in Delhi at Aerocity in Augus

Widespread adoption of e-trucks in India likely in 2 yrs: Vellayan Subbiah

Montra Electric launches its heavy-duty Rhino 5538 with battery swapping, as Vellayan Subbiah forecasts 70% truck electrification in India within a decade