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Bharat Forge receives ₹1,662 cr order
The Times of India | 1 January 2026
- Bharat Forge signed a ₹1,662-crore contract with the Ministry of Defence to supply 2.6 lakh CQB carbines to the Indian Army.
- The indigenously designed weapon was developed jointly with DRDO and ARDE.
- The contract will be executed over a four-year period.
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Commercial vehicle makers report robust December sales
Business Line | 2 January 2026
- Tata Motors, Ashok Leyland and Eicher Motors posted strong sales growth in December 2025 and Q3FY26.
- Tata Motors led with 24% growth in December; ILMCV and HCV segments showed highest demand.
- Growth was supported by GST 2.0, festive demand, and rebound in construction and mining.
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Petrol, diesel vehicles eat into EV pie after GST cut
The Times of India | 2 January 2026
- Reduction in GST for ICE vehicles narrowed the price gap with EVs, impacting EV penetration in 2W and PV segments.
- EV penetration fell in Q4 2025, though full-year EV sales still grew 16% y-o-y.
- Electric PVs and three-wheelers showed strong volume growth despite market share pressure.
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Replacement demand, GST reset may boost MHCV sales
Business Standard | 5 January 2026
- MHCV segment is entering an early upcycle driven by replacement demand and better freight economics.
- GST recalibration reduced tax-driven buying, improving market stability.
- Brokerages expect MHCV volumes to grow 8–10% over FY26–FY27.
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Suspend PM E-DRIVE truck-scrapping rule for a year: Auto industry
Business Standard | 10 January 2026
- SIAM requested a one-year suspension of mandatory scrappage certificates for e-truck incentives.
- Limited availability of scrappage certificates is creating operational bottlenecks.
- Industry suggested relaxed weight-matching norms to improve scheme adoption.
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2-wheeler industry expects 6–9% growth in 2026
Business Standard | 12 January 2026
- Growth is supported by GST reduction, urban recovery and resilient rural demand.
- Proposed ABS mandate for sub-125cc vehicles may raise prices and impact volumes.
- Electric two-wheelers are expected to add incremental growth.
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Maruti okays ₹4,960 cr land acquisition in Gujarat
Business Line | 13 January 2026
- Maruti Suzuki approved land acquisition to expand capacity by up to 10 lakh units in Gujarat.
- Investment will be funded through internal accruals and borrowings.
- MSIL also signed an MoU with IOCL to expand vehicle service facilities nationwide.
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Strong finish for autos
The Economic Times | 14 January 2026
- Passenger vehicle sales rose 27% in December 2025; total auto sales grew 5.1% in CY25.
- Commercial vehicles, three-wheelers and two-wheelers posted record or near-record sales.
- GST 2.0, tax relief and repo rate cuts improved affordability and demand.
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Targeted govt support needed to drive demand for sub-₹10 lakh EVs
The Economic Times | 14 January 2026
- Tata Motors said mass adoption of EVs depends on support for sub-₹10 lakh segment.
- Battery costs form up to 70% of vehicle cost, limiting affordability.
- Fleet EV incentives offer higher environmental impact and should be prioritised.
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Macroeconomics, affordability & policy to power autos in 2026
Business Line | 14 January 2026
- SIAM expects positive momentum in 2026 due to stable macro conditions and policy support.
- All vehicle segments recorded strong growth in CY25, with exports rising in double digits.
- Industry will monitor geopolitical risks impacting supply chains.
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US auto firms hesitant to acquire parts from Indian manufacturers
Business Standard | 15 January 2026
- US tariffs have created uncertainty for future sourcing from Indian auto component makers.
- Exports to the US remained flat in H1FY26; impact likely in H2FY26.
- Existing supply contracts continue, but new orders are being delayed.
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Luxury car market to remain flat in 2026
Business Line | 15 January 2026
- Luxury car sales expected to remain flat due to forex pressure and geopolitical uncertainty.
- Mercedes-Benz cited rising costs and cautious consumer sentiment.
- High-end luxury vehicles and AMG models showed stronger growth.
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e4W registrations soar 88% year-on-year in 2025
Business Line | 2 January 2026
- Electric car registrations jumped to 1.7 lakh units in 2025.
- Tata remained leader but lost market share to JSW MG and Mahindra.
- New entrants Vinfast and Tesla recorded modest initial volumes.
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BYD rear-ends Tesla to take pole position in EV circuit
The Economic Times | 3 January 2026
- BYD overtook Tesla as global EV sales leader in 2025.
- Tesla sales declined for the second consecutive year after US tax credits ended.
- BYD gained strongly in Europe amid intensifying competition.
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Delhi CM, minister meet six automakers on EV Policy 2.0
Business Standard | 3 January 2026
- Discussions focused on EV incentives, charging infrastructure and grid readiness.
- Automakers differed on including strong hybrids under EV incentives.
- Access to land for charging stations emerged as a major bottleneck.
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Ashok Leyland opens plant in Lucknow to manufacture EVs
Business Line | 10 January 2026
- Ashok Leyland inaugurated a green EV-focused plant with 5,000-unit annual capacity.
- Facility features solar power, water neutrality and energy-efficient systems.
- The plant supports the company’s Net Zero 2048 goal.
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Destination EU: Incentive for electric car may be tweaked
The Economic Times | 13 January 2026
- Government may revise EV manufacturing incentives ahead of India–EU FTA.
- SPMEPCI scheme received no applications due to duty and investment constraints.
- EU tariff cuts could change the incentive structure.
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Bajaj Auto plans to take Chetak EVs to over 100 countries
Business Standard | 15 January 2026
- Bajaj Auto plans a phased global rollout of Chetak EVs using distributor networks.
- Focus is on localisation, certification and infrastructure readiness.
- Chetak C25 launched as a more affordable EV scooter.
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Domestic tractor sales cross 10 lakh units in ’25
Business Line | 10 January 2026
- Domestic tractor sales rose 20% to 10.9 lakh units in 2025.
- Growth driven by good monsoon, lower GST and strong farm output.
- Exports crossed 1 lakh units for the first time.
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Steel safeguard duty imposed for 3 years
Business Standard | 1 January 2026
- Centre imposed up to 12% safeguard duty to curb cheap steel imports.
- Duty will taper over three years and end in April 2028.
- Move aims to protect domestic steelmakers amid margin pressure.
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Steelmakers rejig production system as CBAM kicks in
Business Standard | 7 January 2026
- Indian steel exporters are shifting to low-carbon production for EU compliance.
- Companies are securing emission verification and EPD certifications.
- CBAM increases compliance costs, especially for small exporters.
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Initial Probe by CCI Finds Steel Biggies Colluding Over Pricing
Business Line | 8 January 2026
- CCI’s investigation wing found 28 steel companies, including Tata Steel, JSW Steel, JSPL and SAIL, guilty of alleged price collusion between 2015 and 2023.
- The probe also held top executives personally liable; companies have denied any cartelisation.
- The final CCI order is awaited, with scope for further investigation before a decision.
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Steel companies hike prices by ₹4,000/t post safeguard levy
Business Standard | 8 January 2026
- Steelmakers raised hot-rolled coil prices to about ₹51,000/tonne and cold-rolled coil prices by 2–4%.
- Price hikes followed the imposition of a 11–12% safeguard duty on steel imports for three years.
- Analysts caution further hikes may face resistance if global steel prices weaken.
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SPREE scheme deadline extended till January 31
The Times of India | 1 January 2026
- The government extended the SPREE 2025 deadline to January 31, 2026, to widen ESI coverage.
- Unregistered employers can enroll without inspections, penalties, or past dues during this period.
- Failure to register after the deadline will attract contributions, interest, penalties, and legal action.
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PLI in auto: Investment target of ₹42,500 cr in sight
The Times of India | 3 January 2026
- Auto PLI scheme investments have crossed ₹35,000 crore, nearing the ₹42,500-crore target.
- 72 of 82 applicants have committed investments; MSMEs are among the biggest beneficiaries.
- Incentives worth ₹2,000 crore were disbursed, with strong domestic value addition in EVs and PVs.
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MSME exporters get ₹7.3k cr credit lifeline
The Times of India | 8 January 2026
- Government announced interest subsidy and collateral guarantee schemes for MSME exporters.
- Interest subsidy offers 2.75% support, while collateral guarantees aim to unlock ₹60,000–65,000 crore credit.
- Measures target high borrowing costs and lack of collateral, boosting MSME export competitiveness.
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Auto players seek EV protection in EU pact
Business Line | 14 January 2026
- Indian automakers want safeguards in the India–EU FTA to prevent low-duty entry of Chinese EVs via Europe.
- Industry seeks restrictions to high-end EVs only, with limited volumes and at least 50% value addition.
- Concern is to protect domestic EV ecosystem while balancing trade-offs in negotiations.
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To hike competitiveness, Stalin unveils circular economy policy
Business Line | 14 January 2026
- Tamil Nadu launched the Circular Economy Investment Policy 2026 to support low-carbon manufacturing.
- The policy aligns industry with global norms like EU’s CBAM and Deforestation Regulation.
- Incentives include capital subsidy, EPF reimbursement for new jobs, and skill subsidies across key sectors.
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Access all press reports in a single PDF document. |
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- Northern Region Meeting, 7th Jan 2026, Chandigarh
- Training on “Maintenance of Induction Billet Heater”, 8th Jan 2026, Ludhiana
- Training on ''Problem Solving Of Forging Defects & Die Life Improvement",13th Jan 2026, Pune
- Training on "Maintenance Of Hammer, Forging Press and Triming Press",20th Jan 2026, Bengaluru
- AIFI Information Booth At IMTEX FORMING 2026 & TOOLTECH 2026, 21st Jan - 25th Jan 2026, Bengaluru
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