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Auto exports rise 38%, driven by gains in emerging markets
Business Line, 18 May 2026
- April vehicle exports jumped 38% YoY, led by motorcycles (+36% to 4.26 lakh units).
- Two-wheelers standout performer; Bajaj Auto sees Nigeria and Latin America as volume drivers.
- Hyundai, Maruti, Bajaj all reported strong export growth; overseas markets becoming key growth lever.
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MSIL starts production at Kharkhoda facility's 2nd unit
Business Standard, 19 May 2026
- Second unit at Kharkhoda (250,000 units/year) begins production; total MSIL capacity now 2.65 million units.
- First unit started in Feb 2025; Kharkhoda will eventually produce 1 million vehicles annually.
- Chairman Bhargava says growth constrained by capacity, not demand; factories running at 100%.
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Bharat Forge to build India's first pvt MGT facility in AP
Business Standard, 20 May 2026
- Bharat Forge to set up India’s first private marine gas turbine repair & overhaul facility in Andhra Pradesh.
- Phase 1: repair complex with hot section restoration; Phase 2: development, assembly, and hot test cell.
- Will support Aatmanirbhar Bharat and enhance Indian Navy’s operational capabilities.
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Automakers Remodel Supply Chain Strategy
The Economic Times, 22 May 2026
- Auto component inventories stretched from 30-45 days to 3-6 months, shifting from "just-in-time" to "just-in-case".
- Disruptions from geopolitics, semiconductor shortages, and critical minerals drive the change.
- Smaller suppliers bear brunt as working capital requirements surge with inventory build-up.
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Maharashtra tops vehicle sales in FY26, UP leads in two-wheelers
Business Line, 21 May 2026
- Maharashtra topped PV sales (5.64 lakh units, 12.1% share) and CV sales (1.61 lakh units, 15% share) in FY26.
- Uttar Pradesh led two-wheeler sales (31.8 lakh units, 14.7% share) and three-wheeler sales (99,000 units).
- Growth driven by GST 2.0, income tax relief, and repo rate cuts.
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ASK Automotive bets on aluminium components as segment grows 30% in FY26
Business Line, 21 May 2026
- ALPS (aluminium lightweighting) division grew 30% to ₹2,121 crore, overtaking brakes as largest segment (50.8% revenue).
- Consolidated FY26 total income ₹4,196 crore (+16.2%), net profit ₹297 crore (+20.1%).
- Q4 income up 35.3% YoY; company transforms into diversified lightweight components maker.
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TSF Group, Bosch plan JV for electronic air systems for CVs
Business Line, 21 May 2026
- TSF Group (Wheels India, Brakes India) and Bosch propose 50:50 JV for electronically-controlled air system products.
- Combines Bosch’s electronics/software with TSFE’s mechanical/pneumatic expertise.
- Products include air compression, processing, suspension, and parking brakes for global CV market.
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Punjab tops FY26 PV sales growth, Gujarat in two-wheelers
Business Standard, 21 May 2026
- Punjab recorded highest PV sales growth at 16.29% YoY (1.82 lakh units) in FY26.
- Gujarat topped two-wheeler volume growth at 21.57% YoY (1.569 million units).
- Tamil Nadu, Rajasthan, Maharashtra also saw strong PV growth; Odisha, Maharashtra strong in 2Ws.
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Icra projects up to 5% growth in 2W sales
Business Standard, 21 May 2026
- Icra projects 3-5% wholesale volume growth for two-wheelers in FY27, constrained by high base and weak monsoon forecast.
- April domestic 2W wholesales jumped 29% YoY to 1.9 million units, driven by GST 2.0.
- Electric 2W retail grew 68% YoY in April to 1.54 lakh units; penetration rose to 8%.
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Bhargava puts biogas ahead of hybrids
Business Standard, 21 May 2026
- RC Bhargava says biogas vehicles should get more incentives than hybrids, as biogas is net-zero and produces organic manure.
- Hybrids should have higher GST than EVs but lower than petrol/diesel; rejects hybrid-EV tax parity.
- Maruti has E30 technology; flex-fuel not practical due to insufficient ethanol availability.
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Honda to launch 10 cars by 2030, six this year
Business Line, 23 May 2026
- Honda plans 10 products by 2030, six launches in FY27, including sub-4m SUV and midsize models.
- No hatchbacks; Amaze remains entry-level car; sedans still have strong demand (CAGR 8.5-9%).
- India among top three focus markets; West Asia crisis not impacting Indian demand.
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Domestic market drives growth for MM Forgings amid global slowdown
Business Line, 30 May 2026
- Domestic sales share rose to 71% in Q4 (from 63% previous quarter) as US & Europe softened.
- Q4 net profit up 36% to ₹45 crore; revenue up 12% to ₹423 crore.
- FY26 net profit down 18% to ₹99 crore despite 4% revenue growth; US truck market slow but improving.
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Keto Motors drives into BSE, thanks to reverse merger
Business Line, 20 May 2026
- Keto Motors listed on BSE via reverse merger with Taaza International; shares closed at 5% upper circuit at ₹110.23.
- New promoters hold 92.49% stake after allotment of 5.6 crore shares.
- Scaling electric bus manufacturing (₹300 cr project in Telangana) and Urbanova KE9 e-bus platform.
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India lags peers in EVs' share of total car sales
Business Standard, 28 May 2026
- India’s EV share of new car sales was just 4% in 2025, vs global average 25% (IEA data).
- Nepal at 68%, China 53%, Vietnam 41%, Thailand 23%; Norway leads at 97%.
- Lack of charging stations key reason; only 55% of Indian EV owners have home charging (vs 80-90% in West).
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Global crude steel output falls 1.9% in April; India posts growth
Business Line, 26 May 2026
- Global crude steel output fell 1.9% in April to 153.4 mt; India’s output up 3.9% to 13.8 mt.
- India remains second-largest producer after China; Jan-Apr output up 9.4% to 58.7 mt.
- Middle East output plunged 27.6%; North America rose 6.9%; China down 2.8%.
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Quality compliance must for Indian exporters under EU FTA
Business Line, 20 May 2026
- Indian exporters must meet stringent EU quality regulations to benefit from India-EU FTA tariff elimination.
- FTA includes mechanisms (early warning, rapid action, joint committees) to challenge trade-restrictive regulations.
- 99.5% of Indian exports to get preferential tariff; labour-intensive goods facing 10-26% duties will benefit.
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E-buses & E-trucks may get Interest Subvention Scheme
The Economic Times, 22 May 2026
- Govt considering interest subvention of 3-5% for 50,000 e-buses (₹5,760 cr) and 10,000 e-trucks (₹1,200 cr).
- E-bus costs ~₹1.20 cr vs ₹60 lakh for diesel; e-truck ~₹1.22 cr vs ₹58 lakh for diesel.
- Could unlock ₹70,000-80,000 crore private investment in commercial EVs.
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CAFE III, ADAS norms will drive growth for auto-parts makers
Business Line, 25 May 2026
- CAFE III (April 2027) and mandatory ADAS norms to increase electronics, software, and emission-control content per vehicle.
- Bosch, Schaeffler, Sona Comstar among beneficiaries; content per vehicle becomes key growth lever.
- ADAS in CVs still early stage, creating large opportunity for radar, camera, and sensor suppliers.
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