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Maruti Suzuki to Rev Up its Capacity Next Fiscal to Meet Surge in Demand
The Economic Times | 4 March 2026
- Adding 500,000 units capacity in FY27 via new plants at Kharkhoda (Q1) and Hansalpur (Q2)
- Operating at 100% capacity (2.6M units) with 200,000 pending orders, only 12 days inventory
- Parent Suzuki sees strong export demand from Africa, Middle East post-expansion
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At 24.09 lakh units, February auto sales best-ever across all segments
Business Line | 6 March 2026
- Total retail sales hit record 24.09 lakh units (up 25.6% y-o-y); all segments at February highs
- PVs up 26% to 3.94 lakh, 2Ws up 25% to 17 lakh, CVs up 29%, tractors surge 36%
- Festive season, year-end buying to sustain momentum but growth may calibrate
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'Auto component industry to grow 8-10% in FY27'
Business Line | 6 March 2026
- Vehicle demand to moderate to 5-8% but components to grow 8-10% on rising tech content
- Premiumisation (especially SUVs) driving higher component value per vehicle
- Profitability to improve as input costs stabilise; free cash flows better in FY27
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PV sales growth may dip up to 5% in FY27: India Ratings
Business Standard | 6 March 2026
- PV growth to moderate to 3-5% in FY27 due to high base, preponed replacement demand
- 2W sales to surpass pre-pandemic highs in FY26; growth to ease to 6-8% in FY27
- CV recovery underway: M&HCV to grow 5-7%, LCV 6-8% in FY27
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MM Forgings to deploy 150 robots amid manpower shortage
Business Line | 10 March 2026
- Planning 100-150 robots to tackle labour shortages, rising costs; each robot replaces ~3% workforce
- ₹160 crore capex next fiscal for press completion, machining capacity expansion
- US revenue share dropped from 17% to 9%; targeting 20% growth if geopolitics stable
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India gets driver's seat in Renault global futuREady road map
Business Standard | 11 March 2026
- India designated global production hub; 4 new models to be designed/assembled by 2030
- Target: 2 million Renault sales by 2030, half from outside Europe
- First India-made model (Bridger Concept) to launch by end-2027
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PV sales hit record high for Feb, rose over 10%
Business Standard | 14 March 2026
- February PV sales record 4,17,705 units (up 10.6%) post-GST cut sentiment boost
- Maruti leads (1,61,000), Mahindra surges 19% (60,018), Hyundai up 9.8% (52,407)
- 2W sales jump 35.2% to 18.7 lakh (Hero leads), 3Ws up 29%
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West Asia conflict a concern for auto industry, says SIAM
Business Line | 14 March 2026
- SIAM flags West Asia conflict impact on supply chains, manufacturing, exports
- Industry seeks LPG/PNG restoration for foundry/forging units; Gujarat most vulnerable
- February wholesales strong: PVs up 10.6%, 2Ws up 35.2%, exports grow 26-34%
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E2W registrations jump 36% in February
Business Line | 1 March 2026
- E2W registrations up 36% to 1.05 lakh units; TVS leads (30,506), Bajaj (24,239), Ather (19,733)
- Hero MotoCorp more than triples volumes; Ola slumps 55% to 3,891 units (5th place)
- Demand consolidating at higher levels; E2Ws becoming economically driven purchase
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Volvo Car India drops its 2030 all-electric deadline
Business Standard | 2 March 2026
- Drops 2030 all-electric target for market-led approach without fixed timelines
- EVs at 25% of sales (vs 10-11% luxury segment); targeting one-third with 2 new EV launches
- Investing in charging infra while continuing ICE models for sustainable growth
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EV sales revved up across categories in Feb
Business Standard | 11 March 2026
- EV sales growth: 2Ws up 46%, PVs up 44%, CVs up 156%, 3Ws up 25% y-o-y
- Ola out of top 5 e2W makers with lowest-ever 3,968 units (down 54%)
- Penetration: 3Ws strongest (57%), 2Ws (6.6%), PVs (3.5%); structural transition strengthening
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European Freight Truck Cos Brace for Chinese EV Rivals
The Economic Times | 11 March 2026
- 6+ Chinese manufacturers planning 2026 European heavy truck entry; pricing 30% below European avg
- Cost advantage from China scale (29% zero-emission truck share) and lower-cost supply chain
- European truckmakers seek govt support (lower tolls, mandates) to boost demand before Chinese gain foothold
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Honda warns of $15.7b charge on global EV downturn
Business Line | 13 March 2026
- Faces ¥2.5 trillion ($15.7 bn) charges, first net loss since 1977 after cancelling 3 North America EV models
- Operating loss forecast of ¥270-570 billion for FY ending March
- Joins Stellantis, Ford in scaling back EV bets due to subsidy changes, China competition
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Tractor sales jump a robust 34% in Feb, exports rise 7%
Business Line | 14 March 2026
- Domestic tractor sales surge 34% to 78,901 units; exports up 7% to 9,644 units
- Strong rural sentiment, robust rabi sowing, healthy reservoir levels driving demand
- Sept 2025 GST cut boosted affordability; El Nino remains factor to watch
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Aluminium Makers' Shares Unlikely to Stay High for Long, say Analysts
The Economic Times | 6 March 2026
- West Asia conflict spikes aluminium prices (LME up 5%) on Qatar production disruptions
- Domestic producers' shares gain 1-6% but analysts advise profit-taking at $3,000-3,100/tonne
- Indian companies benefit from coal-based power, limiting cost increases while prices rise
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Stainless Steel Cos Seek Govt Action on China Dumping & Raw Materials
The Economic Times | 9 March 2026
- Industry seeks protection from Chinese dumping as domestic consumption grows 7-8% annually
- Producers expanding from 7 MT to 11 MT capacity; per capita consumption to double
- Urges chromium as Critical Mineral, zero customs duty on scrap, protection from imports
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Shortage of gas supply puts steel companies in the dock
Business Line | 14 March 2026
- Gas shortage forces production cuts; rupee depreciation adds to coking coal import costs
- Jindal Stainless operating at rationalised capacity; smaller Gujarat mills face 50% cuts
- Shipping disruptions causing longer transit times, pressure on margins
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Panel pitches for 4-month BS-IV vehicle ban in NCR
Business Standard | 2 March 2026
- Proposes banning BS-IV vehicles in NCR during winter (Oct 16-Feb 15) from 2026; complete phase-out by 2030
- BS-VI vehicles may face winter ban from 2035 when AQI exceeds 200
- Automakers caught off-guard; panel considering extending curbs to Indo-Gangetic plain
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Deferred Duty Scheme Opens for Manufacturer-Importers
The Economic Times | 2 March 2026
- Deferred customs duty payment facility for eligible manufacturer-importers from April 1, 2026
- Approved companies can clear imports without upfront duty, pay monthly instead
- Eligibility: valid IEC, GST registration, 25+ import/export documents, ₹5Cr+ turnover
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EU may use FTA quotas to test India's premium car market
Business Line | 9 March 2026
- EU likely to use limited quotas under FTA to test premium car market before local manufacturing
- CBU duties to drop from 70-110% to 30-35%, phased to 10% over 5-10 years; 2.5 lakh vehicle cap
- BEVs excluded from concessions for 5 years, protecting domestic EV ecosystem
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Acma flags export delays, LPG supply risk to MHI
Business Standard | 11 March 2026
- Export logistics costs up 20-40%, lead times extended 2-4 weeks due to Red Sea disruptions
- LPG/PNG availability concerns for foundry/forging, especially impacting MSMEs
- Import delays for key raw materials; seeks assured LPG supply with transition window
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Auto sector seeks restoration of LPG/PNG supply for production
Business Line | 11 March 2026
- SIAM, ACMA seek LPG/PNG restoration warning of production disruption risks
- Gujarat most vulnerable with 50% industrial gas cut; MSMEs have limited fuel flexibility
- Red Sea disruptions increasing logistics costs, insurance, container challenges
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