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Diesel vehicles see market shrink 16%; CNG and EVs gain
Business Line, 3 June 2026
- Alternative fuels (CNG, EV, hybrid) hit 32.1% of PV sales in May, up from 27.2% a year ago.
- CNG led with 23.5% share; EVs at 6.6%; strong hybrids slipped to 2%.
- Shift driven by operating economics, not just fuel preference; diesel share fell over 16% YoY.
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2W makers post strong May sales on resilient domestic demand
Business Standard, 3 June 2026
- TVS (+24%), Royal Enfield (+24%), Hero (+10%), HMSI (+10%) posted double-digit domestic growth.
- Exports remained key driver; Hero exports surged 78%, TVS +48%, Bajaj +30%.
- Premium motorcycles and scooters drove growth; channel inventory replenishment boosted wholesale volumes.
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UK's New Car Sales Post Best May Since 2019
The Economic Times, 5 June 2026
- UK new car sales rose 7.1% in May, strongest since 2019; total 160,662 vehicles.
- Battery EVs climbed 34.2%, the most among all categories; EV share around 24%.
- Rising fuel costs from Iran war steering customers toward EVs, but uptake still short of 33% target.
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TaMo to gain from scrappage push
The Times of India, 8 June 2026
- Tata Motors operates 11 registered vehicle scrapping facilities across 10 states with 1.9 lakh+ annual capacity.
- Govt approved ₹9,585 crore two-year scheme to replace ageing trucks/buses in Delhi-NCR.
- Company commands 50%+ M&HCV market share in Delhi-NCR, Haryana, Rajasthan, UP.
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Services, digital business emerge as drivers of TaMo CV arm's earnings
Business Standard, 8 June 2026
- Non-cyclical businesses (spares, services) grew 18.2% in FY26; increasing profit contribution.
- Fleet Edge telematics platform crossed 1 million connected vehicles.
- Chairman says company will invest in digital-led solutions, ADAS, data-driven fleet services, and hydrogen tech.
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Wheels India expands patent portfolio to 125 in FY26
Business Line, 10 June 2026
- Secured 26 new design patents in FY26; total portfolio now 125.
- R&D spend increased to 0.76% of turnover (from 0.53%); capex of ₹280+ crore planned for FY27.
- Net profit ₹139 crore on revenues of ₹5,124 crore; exports growth backed by US demand.
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Sales of wheeled construction equipment fall 17.5% in May
Business Line, 12 June 2026
- Wheeled CE sales fell 17.5% YoY and 20% sequentially to 5,088 units.
- JCB gained market share to 44.52% despite 6.2% sales decline; Escorts Kubota and Bull Machines also gained.
- Slowdown due to elevated base, project execution delays, and pre-monsoon seasonal softness.
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Dana-Eaton $5.1 billion deal set to reshape India's EV, CV supply chain
Business Line, 15 June 2026
- Dana and Eaton combine mobility businesses, creating $11 billion+ systems supplier.
- Combined entity can offer integrated powertrain solutions; significant for India's CV electrification.
- Could accelerate localisation and engineering role; but may alter competitive dynamics and OEM bargaining power.
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EV 2-W registrations up 58% in May amid fuel supply woes
Business Line, 1 June 2026
- May E2W registrations up 58% YoY to 1.64 lakh units; up 18% sequentially.
- TVS retains top position (41,489 units, 25% share); Bajaj second; Ola loses share to 9%.
- Fuel supply concerns from West Asia and operating cost advantage driving consumer shift to electric.
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In a Pivot, TaMo to Use China JV Platform for Premium EV Foray
The Economic Times, 4 June 2026
- Tata Motors dropped JLR's EMA platform; will use Freelander platform from China JV (CJLR) for Avinya.
- First Avinya model now scheduled for 2027; to be manufactured at Panapakkam, Tamil Nadu.
- Chery acts only as platform supplier; no licensing or technology transfer.
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Bajaj tops May e3W market as EV sales surge 96% y-o-y
Business Line, 4 June 2026
- Bajaj Auto emerged largest e3W player with 11,639 units, ahead of Mahindra's 10,709 units.
- EV share of 3W retail reached 46.6%; ICE sales fell 4.5% YoY and 11.8% sequentially.
- Total 3W market flat at 74,221 units; EVs cannibalising ICE volumes.
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EV bus registrations dip 7% in May
Business Line, 7 June 2026
- EV bus registrations fell 7.2% sequentially to 322 units in May.
- JBM Auto emerged leader with 157 units (48.8% share); PMI Electro dropped to 50 units.
- Infrastructure and financing bottlenecks constrain deployments; high upfront costs weigh on adoption.
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Ather's factory hits 90% capacity utilisation, supply controlled
Business Line, 13 June 2026
- Hosur factory at 90% capacity; allocation controls introduced in select markets.
- FY26 revenue up 66% to ₹3,671 crore; net losses narrowed 36% to ₹517 crore.
- New greenfield plant (Factory 3.0) Phase 1 (42,000 units/month) by March 2027.
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How Green is My Truck, Asks India Inc?
The Economic Times, 13 June 2026
- Electric truck registrations nearly quadrupled in first five months of 2026.
- UltraTech, Vedanta, JSW accelerating EV adoption in logistics; Ashok Leyland sees sharp rise in enquiries.
- Cement, steel, mining, ecommerce, ports emerging as earliest adopters; battery costs declining improves TCO.
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M&M bets beyond tractors to drive farm mechanisation
Business Standard, 8 June 2026
- Electric truck registrations nearly quadrupled in first five months of 2026.
- UltraTech, Vedanta, JSW accelerating EV adoption in logistics; Ashok Leyland sees sharp rise in enquiries.
- Cement, steel, mining, ecommerce, ports emerging as earliest adopters; battery costs declining improves TCO.
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Tata Steel Targets 9% India Sales Growth This Fiscal
The Economic Times, 5 June 2026
- Targeting near 9% rise in India steel sales this fiscal; Kalinganagar additional 5 mt capacity ramping up.
- Sold record 22.53 mt in FY26; India steel demand seen growing 8-9%.
- Overseas debt now 18% of total debt (from 50% in FY21); targeting full repayment of overseas bonds by FY28.
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US may push India to lock in 18% tariff deal, offer Section 301 relief
Business Line, 1 June 2026
- US pushing India to lock tariffs around 18% with assurance no additional Section 301 penalties.
- India wants competitive advantage over rivals like Vietnam, Bangladesh; uncertain about their tariffs.
- India's trade surplus with US declined to $34.41 billion in FY26 from $40.88 billion.
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Localisation Lens on 500 Imported Items
The Economic Times, 1 June 2026
- Govt examining 500 heavily imported products to identify localisation opportunities.
- Electronics, chemicals, machinery, textiles, civil aviation imports under scrutiny.
- Likely to shortlist ~100 items where imports are high but local production capacity exists.
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Automotive body trims export PLI red tape after industry pushback
Business Standard, 3 June 2026
- ARAI relaxed certification for export variants; domestic DVA certificate now valid for identical export models.
- Earlier December 2025 notice required separate DVA certificates for each export model, increasing paperwork.
- Auto PLI scheme has ₹25,938 crore outlay over five years; 82 companies approved.
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Centre clears over ₹9,500 cr vehicle replacement scheme for Delhi-NCR
Business Line, 4 June 2026
- ₹9,585 crore two-year scheme approved to replace older trucks (1.91 lakh) and buses (16,329).
- 5% interest subvention, monthly fuel vouchers up to ₹4,800, and scrap incentives.
- In Delhi, LGV replacements must be electric; buses only BS-VI CNG or electric.
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Govt approves highway projects worth ₹24.2K cr
Business Standard, 4 June 2026
- Approved NH projects worth ₹24,249.6 crore across Odisha, Telangana, MP, Bihar.
- Odisha coastal highway (Rameshwar-Paradip) ₹8,300.79 crore approved after decade-long delay.
- Telangana projects ₹7,597 cr; MP ₹4,415 cr; Bihar ₹3,936 cr.
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India to remain fastest-growing economy at 6.6% in FY27: World Bank
Business Line, 12 June 2026
- World Bank projects India to grow at 6.6% in FY27, sharply moderating from 7.7% in FY26.
- Slowdown due to higher energy and input costs affecting private demand.
- Economy expected to rebound to 7.2% in FY28; GST rate cuts should support consumer demand.
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Govt clears way for car safety technology
Business Standard, 13 June 2026
- Govt scrapped licence requirement for radar sensors (77-81 GHz frequency band).
- Enables automakers to adopt crash avoidance and autonomous driving technology.
- Benefits Maruti, Tata Motors, M&M and suppliers like Bosch, Continental.
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