Automobile Industry

Suspend PM E-DRIVE truck-scrapping rule for a year: Auto industry

For buyers to get the incentives, the rule requires them to submit a certificate showing that a truck running on the old internal combustion engine (ICE) has been scrapped

2-wheeler industry eyes 6-9% growth in 2026 on GST-led affordability boost

India's two-wheeler industry is expected to grow 6-9% in 2026, aided by the GST cut, improved affordability and steady rural and urban demand, analysts said

Maruti Suzuki clocks record annual production of 2.255 mn units in 2025

Maruti Suzuki India Ltd on Friday said it has clocked a record annual production of 22.55 lakh units in calendar year 2025, a growth of 9.3 per cent over the previous year. This is the second consecutive year that the company has exceeded 20 lakh units in annual production. The production includes vehicles for domestic sales, exports and OEM supplies, Maruti Suzuki India said in a statement. The company had produced 20.63 units in 2024. Maruti Suzuki India Managing Director and CEO Hisashi Takeuchi attributed the record production to the efforts of the company's employees and the strong synergy that it shares with supplier partners. "A high degree of localisation has enabled us to achieve such scale while maintaining world-class quality, highlighting the strength and global competitiveness of India's automotive manufacturing ecosystem," he noted. Maruti Suzuki said its top five models by production volume during the year were Fronx, Baleno, Swift, Dzire and Ertiga.

Sri Lankan car importers urge govt to waive 3% penalty on imported vehicles

Sri Lankan car importers, in the wake of the destruction caused by cyclone Ditwah, urged the government to waive the 3 per cent penalty on vehicles cleared after three months. Our buyers who placed orders for cars want refunds as the cyclone damage has left them in financial difficulties," Prasad Manage, the President of the Automobile Importers Association, told the media, adding that the buying power of the consumer has reduced. We are also victims of the Ditwah cyclone with customers asking for refunds of advance deposits made," Manage added. In Sri Lanka, imported cars are to be registered with the Department of Motor Traffic (DMT) within three months of the Customs Declaration date. Hefty monthly penalties of 3 per cent of the Cost-Insurance-Freight (CIF) value are imposed in case of non-compliance with the policy. He also requested the government to waive the 3 per cent penalty while increasing the registration period of the vehicles to six months. However, the import statis

Tata Motors opposes exempting small petrol vehicles from CAFE norms

Leading car maker Tata Motors is against granting exemption to small petrol vehicles weighing up to 909 kg from the strict Corporate Average Fuel Efficiency (CAFE) standards, saying it would be detrimental for the growth of adoption of models based on sustainable technologies in the country. In a letter to PMO, the Mumbai-based auto major said India's ability to innovate and leapfrog into technologies of the future is now starting to bear fruit, with EV adoption growing to reach nearly 5 per cent in passenger cars. "In this context, we would like to highlight that the provision to grant relaxations/exemptions for petrol vehicles up to 909 kg weight not exceeding 1200 cc and length not exceeding 4000 mm, may result in diluting the focus on adoption of sustainable technologies," the company said in a letter to Shaktikanta Das in the Prime Minister's Office. Relaxations based on vehicle weight may inadvertently incentivise OEMs to reduce weight at the cost of essential safety features,

Auto industry logs best Nov sales; PV dispatches surge 19%: SIAM

Sector optimistic that 'supportive policy reforms' will continue, says group

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