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Tata Motors faces tougher FY27 at home
Business Line, 16 April 2026
- Aiming to close Iveco deal in Q1; awaiting approvals.
- Domestic CV demand cautious due to diesel prices & West Asia disruption.
- Electric CV volumes grew ~65%; payback 2-3 years in select uses.
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CV growth seen moderating in FY27
Business Line, 16 April 2026
- Aiming to close Iveco deal in Q1; awaiting approvals.
- Domestic CV demand cautious due to diesel prices & West Asia disruption.
- Electric CV volumes grew ~65%; payback 2-3 years in select uses.
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Siam wants govt to notify CAFE-3 norms soon
Business Standard, 17 April 2026
- SIAM endorses draft CAFE-3, urges quick notification before April 2027 start.
- No special carve-out for sub-909 kg cars; relief via formula change.
- Most automakers oppose small-car exemption.
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CAFE III norms may jack up car prices by up to 1.25 lakh
Business Line, 20 April 2026
- Car prices may rise ₹20k-1.25 lakh; compliance cost ₹1.5L-1.48L crore.
- Entry-level cars ₹20k-35k initial hike; up to ₹75k-1.25L by FY32.
- Fuel savings ₹15,800/year; could cut oil import bill by ₹60k-90k crore annually.
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Automakers may report strong volume-led growth
Business Standard, 20 April 2026
- Q4FY26 revenue growth 17-20% driven by double-digit volume growth.
- EBITDA growth mixed (12-20%) due to commodity inflation.
- Maruti ~28% revenue growth; Tata Motors India PV up 53%, but JLR weak.
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W Asia conflict: Auto cos feel price pressure
The Times of India, 28 April 2026
- Steel up 10%, aluminium 27%, copper 28%, polypropylene 34% YoY.
- Platinum +124%, rhodium +121%, palladium +74%.
- Steel accounts for 50-60% of input costs; prolonged stress may hit demand.
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Maruti Suzuki to invest ₹14,000 cr in FY27
Business Line, 29 April 2026
- ₹14,000 cr investment to add 5 lakh units capacity in Haryana & Gujarat.
- Q4 net profit down 6.45% (mark-to-market), but revenue up 28.2%.
- 1.9 lakh pending orders; dealer inventory only 12 days.
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EV-only path poses threat to energy security: Maruti's RC Bhargava
Business Line, 28 April 2026
- Advocates biogas as cheap, fully homegrown fuel for small cars.
- EV-only strategy risks energy security as battery cells mostly imported from China.
- Global EV adoption below projections; subsidies being cut; need diversified tech roadmap.
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Global steel demand to rise despite W. Asia war
Business Line, 21 April 2026
- Global steel demand: +0.3% in 2026 (1,724 mt), +2.2% in 2027 (1,762 mt).
- India fastest-growing major steel market: +7.4% in 2026, +9.2% in 2027.
- West Asia conflict may hurt regional demand, but developed economies to recover in 2027.
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Min wage hike may send many out of EPFO net
The Times of India, 15 April 2026
- Minimum wages in several states exceed EPFO's ₹15,000 mandatory ceiling, making coverage voluntary.
- Many states have wages ₹15k-20k; Kerala & Delhi ~₹22,000.
- Economists urge EPFO to raise ceiling to ₹22k-25k (unchanged since Sept 2014).
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Govt rejects industry call for gratuity relief under labour Codes
Business Standard, 16 April 2026
- Labour ministry rejects grandfathering in gratuity; not part of original Codes.
- Fixed-term employees now eligible after 1 year (vs 5 years); wage definition changed.
- TCS, Infosys, HCLTech, Bharti Airtel took large one-time gratuity hits.
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Exporters eye refund as US opens window
The Times of India, 22 April 2026
- US court invalidated tariffs; refund window opens for duties paid.
- In 80-85% cases, US buyer gets refund; recovery depends on negotiation.
- Large exporters with written contracts most likely to benefit.
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US Slaps 123% Dumping Duty on Solar Cells, Modules from India
Business Standard, 25 April 2026
- Preliminary anti-dumping duty of 123.04% on solar cells/modules from India.
- On top of 125% CVD, total tariffs over 200%; minimal impact as exporters diversified.
- Indian Solar Manufacturers Association to contest.
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Boost for auto exports, EV investments
Business Standard, 28 April 2026
- India-NZ FTA: zero duty on Indian auto exports (previously 5-10%).
- NZ pledges $20 bn investment, part for EV component ecosystem.
- Supports India's clean mobility manufacturing hub ambition.
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Centre pushes for 100% ethanol-powered vehicles
Business Line, 30 April 2026
- Draft rules to allow E100 (100% ethanol) for flex-fuel vehicles.
- "Mileage penalty" means higher ethanol blends reduce energy density, may increase total fuel demand.
- Distillation capacity at 2,000 cr litres, but feedstock shortage for E100.
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