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Maruti Suzuki begins export of Victoris to Latin America, Africa & Middle East
Business Line | 17 January 2026
- Maruti Suzuki started exporting its premium SUV Victoris, shipping over 450 units to global markets including Latin America, the Middle East, and Africa.
- The model has received strong domestic response with 70,000 bookings, of which 35,000 units have already been dispatched.
- The exports support the company’s global expansion strategy and reinforce its position as India’s largest passenger vehicle exporter.
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Bharat Forge gets ₹300 crore defence contracts for unmanned systems
Business Line | 17 January 2026
- Bharat Forge secured defence contracts worth about ₹300 crore under the Emergency Procurement framework to supply indigenous unmanned systems for the Army and Navy.
- The systems include ISR platforms and loitering munitions like Omega One, Omega Nine, Bayonet, and Cleaver for diverse operational requirements.
- The development strengthens India’s self-reliance in defence manufacturing under the Atmanirbhar Bharat initiative.
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Auto, ancillary sectors to see strong earnings momentum
Business Standard | 19 January 2026
- The auto and auto-ancillary sectors are expected to report strong Q3FY26 performance due to festive demand, GST rationalisation, easing interest rates, and improved rural sentiment.
- Passenger vehicle sales reached a record 1.27 million units, up 20.6% YoY, while exports rose 11.7% supported by demand from West Asia, Africa, and Latin America.
- Two-wheeler volumes also surged to 5.7 million units, reflecting strong overall industry growth despite higher input costs.
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ZF Group opens electric parking brake line at its Oragadam plant near Chennai
Business Line | 21 January 2026
- ZF Group inaugurated an electric parking brake (EPB) production line with an annual capacity of 8 lakh units, supporting passenger vehicle safety technologies.
- The company plans to increase localisation of EPB components from 40% to 80–90% within two years.
- The investment is part of ZF’s $200–250 million India expansion, reflecting rising demand and region-specific engineering development.
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US Automakers’ Troubles Extend to Canada
The Economic Times | 26 January 2026
- Canada’s decision to reduce tariffs on limited Chinese vehicle imports could increase competition for US automakers already losing global market share.
- Chinese firms like BYD and SAIC are expanding globally, threatening US manufacturers’ dominance in North America and Latin America.
- US automakers risk becoming niche players focused mainly on large SUVs and pickup trucks if global competitiveness declines.
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Two-wheeler OEMs set to expand EU footprint
Business Line | 29 January 2026
- The India-EU Free Trade Agreement (FTA) is expected to boost exports of Indian two-wheelers by reducing tariffs and strengthening regulatory cooperation.
- Companies like Hero MotoCorp, TVS Motor, and Royal Enfield anticipate stronger access to European markets and deeper integration into global supply chains.
- The agreement may also help Indian auto component manufacturers become preferred sourcing partners for global motorcycle production.
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Auto firms eye India to take on Chinese rivals
Business Standard | 29 January 2026
- Global carmakers are looking to use India’s cost-effective manufacturing base to export vehicles to Europe and compete with Chinese brands.
- Companies such as Renault and Volkswagen may increase production of left-hand-drive vehicles tailored for European customers.
- Maruti Suzuki has already started exporting electric vehicles to Europe, highlighting India’s growing role as an export hub.
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Auto exports hit top gear in FY26 backed by policy push
Business Line | 30 January 2026
- India exported over 53 lakh vehicles in FY25, with strong growth continuing in FY26 due to global demand for India-made vehicles.
- Government initiatives like the PLI-Auto Scheme and ACC battery manufacturing incentives are accelerating EV ecosystem growth.
- EV registrations in India have grown at a CAGR of 62.5% over the last five years.
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Exports, premium bikes take Bajaj Auto profit up 19% in Q3
The Economic Times | 31 January 2026
- Bajaj Auto reported a 19% rise in quarterly profit supported by strong exports and premium motorcycle sales.
- Revenue increased due to record vehicle sales and growing demand across domestic motorcycles, electric two-wheelers, and three-wheelers.
- Export volumes crossed 6 lakh units, reflecting recovery in overseas markets and improved profitability margins.
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Canada to cut tariffs on Chinese EVs for lower levies on farm products
The Economic Times | 17 January 2026
- Canada agreed to gradually reduce tariffs on Chinese EV imports in exchange for reduced tariffs on Canadian agricultural exports.
- The agreement may weaken US automotive market influence in Canada and increase Chinese EV presence.
- US vehicle export share in Canada has already declined due to tariff conflicts and shifting trade dynamics.
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Auto Cos See Red in Delhi's Green Push
The Economic Times | 18 January 2026
- Delhi government announced incentives of ₹50,000 for the first 1,000 vehicles retrofitted from internal combustion engines to EVs to reduce pollution.
- Major automobile manufacturers expressed concerns over safety, structural integrity, and technical feasibility of EV retrofitting compared with CNG/LPG conversions.
- Retrofitting firms have demanded GST reduction, simplified approvals, extended vehicle validity, and scrappage-linked incentives to boost adoption.
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Railways speeds up shift towards clean engines
The Economic Times | 19 January 2026
- Indian Railways plans to replace or retrofit around 2,500 diesel locomotives with battery, hydrogen, or other clean-fuel propulsion systems.
- The initial focus is on yard operations, shunting services, and last-mile freight movement, which still depend on diesel traction.
- Pilot projects include hydrogen train testing, lithium-ion battery locomotives, and development of hydrogen-fuel propulsion systems for coal transport.
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E-trucks reach diesel cost parity in 3-5 yrs: TaMo CV
The Economic Times | 21 January 2026
- Tata Motors stated that customers can recover the higher upfront investment in e-trucks within approximately three to five years, after which operational costs become lower compared to diesel trucks.
- The company did not secure orders in the government’s 10,900 e-bus tender, which was awarded largely to emerging EV manufacturers such as PMI Electro Mobility, Eka Mobility, and Olectra Greentech.
- Tata Motors explained that its tender pricing was based on long-term operational cost estimates over 12 years, focusing on sustainable business economics rather than aggressive bidding strategies
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Toyota enters India’s EV market
The Economic Times | 21 January 2026
- Toyota Kirloskar Motor has entered India’s EV segment with the Urban Cruiser Ebella, developed in collaboration with Maruti Suzuki and based on the e-Vitara platform.
- The partnership combines Toyota’s electrification technology with Suzuki’s strength in compact vehicle manufacturing and global supply collaborations.
- Toyota plans to follow a multi-technology electrification strategy, focusing on hybrids and EVs together to suit India’s varied consumer and decarbonisation requirements.
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Tata Motors to bid for govt e-Bus schemes
Business Line | 21 January 2026
- Tata Motors launched 17 commercial vehicle products across 7-55 tonne segments, including the new Azura series and electric truck range, to strengthen its market presence.
- The company plans to participate in upcoming government tenders, including a 6,000-bus electric bus procurement programme, to expand its EV footprint.
- Tata Motors aims to grow EV adoption through product upgrades while avoiding aggressive price discounting seen in recent e-bus tenders.
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Buybacks, battery subscriptions among plans on offer to make EV ownership risk-free
The Economic Times | 22 January 2026
- Automakers are introducing assured buybacks, battery subscription models, exchange programmes, and stronger charging infrastructure to reduce ownership risks and attract EV buyers.
- EV sales in India grew 77.4% in 2025, with market penetration expected to rise from 4% to around 7% in 2026, driven by ecosystem support rather than just new model launches.
- Companies like Tata Motors, Mahindra, Toyota, MG, and VinFast are focusing on lifetime battery warranties, service readiness, resale value assurance, and financing flexibility to build consumer confidence in EV adoption.
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Will opt out of PM E-DRIVE scheme for e-ambulances
Business Line | 24 January 2026
- Ashok Leyland decided not to participate in the government’s PM E-DRIVE scheme for electric ambulances, focusing instead on strengthening its core electric bus segment.
- The company stated that demand visibility and long-term viability are stronger in the electric bus market compared to specialised ambulance EV segments.
- Ashok Leyland continues to expand its EV commercial vehicle portfolio through Switch Mobility and other electric mobility initiatives.
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EV sales overtake petrol cars in EU for first time in December
The Economic Times | 28 January 2026
- Electric vehicle sales in the European Union surpassed petrol car sales for the first time, reflecting rapid consumer shift towards electrification.
- Chinese EV manufacturers gained market share in Europe, intensifying competition for global automakers.
- Despite easing emission norms in some regions, strong policy support and consumer demand are expected to sustain EV growth.
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Steel minimum import price: SC overturns 2018 Delhi HC order
Business Standard | 22 January 2026
- The Supreme Court ruled that steel import price regulations become legally enforceable only after official Gazette notification publication.
- The judgment overturned a Delhi High Court order that treated online publication as valid notification.
- The ruling provides clarity for importers and strengthens legal interpretation of government trade notifications.
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Hindalco to invest in EV component manufacturing expansion
Business Line | 23 January 2026
- Hindalco plans to expand aluminium component manufacturing capacity to cater to rising EV demand and lightweight vehicle requirements.
- The investment will strengthen domestic supply chains for battery enclosures, structural components, and lightweight mobility solutions.
- The expansion supports India’s EV manufacturing growth and global supply chain integration.
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World will soon run short of copper due to power demand, AI data centres
Business Line, 30 January 2026
- The Economic Survey warns of a potential global copper shortage due to rising demand from AI-driven data centres, renewable energy, and electrification.
- Producing copper is becoming more resource-intensive, with massive ore processing required and renewable projects like wind power needing thousands of tonnes of copper.
- Supply risks are increasing due to mine disruptions, lower ore grades, trade restrictions, and growing competition for critical minerals essential for energy transition.
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Niti Proposes Merger of Similar MSME Schemes
The Economic Times | 16 January 2026
- NITI Aayog proposed merging overlapping MSME schemes across ministries to improve efficiency, implementation, and beneficiary outreach through better coordination.
- The report recommended creating a centralised portal and integrating cluster, marketing, innovation, and skill development schemes to streamline support for MSMEs.
- It advised retaining flagship and targeted schemes (such as SC/ST and North-East MSME programmes) separately to avoid dilution of their intended impact.
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Niti suggests ₹13,000 cr schemes for MSME decarbonisation
Business Line | 23 January 2026
- NITI Aayog recommended ₹6,000 crore viability gap funding and ₹7,000 crore solar subsidy scheme to help MSMEs shift to energy-efficient and green technologies.
- MSMEs contribute ~30% to India’s GDP, 46% exports and employ over 250 million people, but face rising global compliance pressure to reduce emissions.
- The schemes could cut 27–36 million tonnes of emissions over a decade and initially target energy-intensive industrial clusters.
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Trusted Aerospace looks beyond US with Sriperumbudur plant for exports to Europe
Business Line | 23 January 2026
- TASE Global inaugurated a ₹150 crore aerospace components facility in Tamil Nadu to boost exports, especially to Europe.
- The company expects additional revenue of nearly €300 crore in three years and will supply parts to Dassault’s Tier-1 vendors.
- The move helps reduce dependence on the US market and expands manufacturing capacity with advanced precision machining technology.
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CBAM rules strain India’s steel MSMEs
Business Standard | 28 January 2026
- EU’s Carbon Border Adjustment Mechanism (CBAM) has led to shipment delays, order cancellations and rising compliance costs for Indian steel MSMEs.
- Compliance costs have increased production expenses by 5–8%, with carbon levies rising to 240–300 euros per tonne.
- Nearly 25,000–30,000 MSMEs indirectly exporting to Europe face risk due to lack of emissions data and supply-chain compliance challenges.
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₹18,000-crore metro rail link to connect Mumbai and Navi Mumbai airports
Business Line | 28 January 2026
- Maharashtra approved a 35-km metro corridor connecting Mumbai and Navi Mumbai airports under PPP mode.
- The project includes 25 stations with underground and elevated sections and aims to be completed in about 3.5 years.
- The corridor is expected to ease congestion, improve connectivity and support the upcoming Navi Mumbai International Airport operations.
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India proposes opening of automobile market to EU in phased manner
Business Standard | 29 January 2026
- India proposed quota-based and phased tariff reductions for EU automobile imports under FTA negotiations to protect domestic industry.
- EV import concessions may begin after five years, while CKD imports are preferred to promote local assembly.
- The plan could allow limited entry of premium European vehicles while supporting technology collaboration and supply chain development.
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Ashok Leyland bats for more scrappage boost
Business Line | 29 January 2026
- Ashok Leyland urged stronger government incentives to accelerate vehicle scrappage and fleet modernization.
- The company plans to establish multiple scrappage centres and reintroduced upgraded Taurus and Hippo heavy-duty truck models.
- Demand for commercial vehicles is expected to remain strong due to economic growth and ageing fleet replacement requirements.
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Need to bridge gaps in aircraft component manufacturing
Business Line | 30 January 2026
- Industry experts highlighted gaps in India’s aircraft component ecosystem, especially in raw materials, hardware and niche manufacturing capabilities.
- Airbus and Boeing emphasised strengthening supply chains and improving leadership capabilities to support aerospace growth.
- India is witnessing strong aerospace sourcing growth but needs deeper ecosystem development to capture larger global opportunities.
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Access all press reports in a single PDF document. |
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- Members Meet and Knowledge Session - 6th feb 2026,Bengaluru
- Training on "Simulation On Metal Forming/Forging", 7th Feb 2026, Bengaluru
- Training on "Simulation On Metal Forming/Forging", 17th Feb 2026, Pune
- Training on "Maintenance Of Forging Press, Trimming Press and Hammer", 21st Feb 2026, Chennai
- Western Region Meeting, 27th Feb 2026, Pune
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