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June passenger vehicle sales up 24.1%
Business Line, 16 July 2026
- June PV sales up 24.1% YoY to 3,88,144 units; scooters up 39.1%, motorcycles up 6.4%.
- Three-wheeler sales up 26.1% to 77,951 units; e-rickshaw sales climbed 52.4%.
- Q1 FY27 overall auto sales up 21.4% to 73.82 lakh units; all segments recorded highest-ever Q1 exports.
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Auto industry posts record Q1 sales across segments
Business Standard, 16 July 2026
- Q1 PV sales up 25.9% to 1.27 million units; UVs accounted for ~68% of total PV sales.
- Two-wheeler sales up 20.3% to 5.63 million units; scooters outpaced motorcycles (30.8% vs 14%).
- Exports surged across all segments: 2W +36.6%, CV +43.3%, 3W +57.7%.
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JSW MG Lines Up ₹1,400 cr to Ramp Up Halol Plant Capacity
The Economic Times, 17 July 2026
- Investing ₹1,400 crore to expand Halol capacity from 1.2 lakh to 1.6 lakh vehicles by March-end.
- Launching four new vehicles this year; unveiled ADAPT platform supporting EV, HEV, PHEV, and REEV.
- Targeting 70-80% of total sales from new energy vehicles; EV penetration in industry expected to reach double digits by year-end.
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JSW MG expects 80% of total sales to come from NEVs
Business Line, 17 July 2026
- NEV sales grew 12-13% last year; 50% sales from tier-1 cities, rest from tier-2/3/4 towns.
- EV penetration in PV industry rose from 3.8% in January to over 8% in June.
- Investing ₹3,000-4,000 crore for plant expansion to 3 lakh units and new product development.
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Ford delegation calls on TN CM to discuss revival of Chennai plant
Business Line, 21 July 2026
- Ford delegation led by Vice-Chairman Mathew Godlewski met Tamil Nadu CM to discuss Maraimalai Nagar plant revival.
- ₹3,250 crore investment planned for next-generation powertrain manufacturing; 600 direct jobs expected.
- Commercial production likely to begin in 2029 or 2030.
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JSW Group in talks to buy stake in Volkswagen India
The Times of India, 22 July 2026
- JSW Group in advanced talks to acquire majority stake in Skoda Auto Volkswagen India.
- Volkswagen has struggled to build scale in India for over two decades; seeking local partner to share investment burden.
- Deal would give JSW access to VW vehicle platforms and global cooperation opportunities.
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Ramkrishna Forgings, Titagarh JV to start rail wheel production in Aug
Business Line, 23 July 2026
- Commercial production of forged railway wheels to begin in August at Gummudipoondi, near Chennai.
- Annual capacity of 2.28 lakh wheels; 80,000 to Indian Railways, balance for exports.
- Will end India's 70-year dependence on imported forged wheels from Ukraine, Russia, China.
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HAL, Safran to make superalloy ring forgings for LEAP engines
Business Line, 23 July 2026
- HAL and Safran signed long-term agreement for turbine ring forgings in superalloys for LEAP engine programme.
- HAL to manufacture near-net shape ring forgings at Bengaluru Ring Rolling facility.
- Both companies also formed JV for Aravalli helicopter engines for Indian military's IMRH programme.
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Forvia to invest ₹2,000 cr in India, targets €1-b biz by 2030
Business Line, 28 July 2026
- Forvia plans ~€200 million (₹2,000 crore) investment in India through 2030; targets €1 billion revenue.
- Electronics revenue targeted to increase from €100 million to €400+ million by 2030.
- First dedicated complete-seat manufacturing plant to begin production in 2027; moving from European adaptation to India-specific product design.
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M&M to sell ₹2,989 cr truck and bus division to SML Mahindra for ₹525 cr
Business Line, 30 July 2026
- M&M to sell MTBD to SML Mahindra for ₹525 crore through slump sale; transaction by January 2027.
- Combined FY26 revenue of ~₹5,827 crore; creates unified CV business spanning LCV, ILCV, and HCV.
- Gives Mahindra 26.6% share in ILCV bus market; aims to reach 10-12% share in above-3.5-tonne CV market by FY31.
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Eicher Motors board approves ₹1,225 cr investment in A.P. plant
Business Line, 30 July 2026
- Board approved ₹1,225 crore for Phase I of greenfield expansion in Tada, Andhra Pradesh.
- Plant at full capacity will produce additional 4.5 lakh motorcycles per year; completion by FY30.
- Q1 net profit up 21% to ₹1,463 crore; Royal Enfield highest-ever quarterly sales of 3,32,940 units (+27%).
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L&T makes ₹5K cr play for auto components
Business Standard, 30 July 2026
- L&T to invest ₹5,000 crore over five years in EV motors, safety systems, and connected-vehicle technologies at Tamil Nadu hub.
- Targeting $4.85 billion opportunity by 2031; aims for 10-15% market share across EPS portfolio.
- Move from mechanical to higher-value electronics and software; Goldman Sachs estimates auto component industry to grow from $86b to $124b by FY30.
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SML Mahindra to take over M&M's trucks biz
Business Standard, 30 July 2026
- SML Mahindra approved acquisition of MTBD for ₹525 crore through slump sale; consolidates all CV operations above 3.5 tonnes.
- Plans new HCV products including 48-tonne multi-axle truck and 28-tonne tipper.
- M&M to continue assembling Mahindra-branded CVs through contract manufacturing arrangement.
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Fourth plant takes Maruti's capacity in Gujarat facility to 10 lakh units
Business Line, 31 July 2026
- Plant D (2.5 lakh units) commenced production at Hansalpur; total capacity now 10 lakh units at single location.
- MSIL total manufacturing capacity now 29 lakh units per annum; cumulative investment at Hansalpur ₹25,288.7 crore.
- New plant will initially produce e Vitara; Hansalpur accounts for 47% of MSIL's exports.
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Bajaj Auto seeks strategic partner for KTM; plans new models, EV expansion
Business Line, 22 July 2026
- Open to strategic partner for KTM if vision aligns; KTM returned to EBITDA break-even.
- Plans 10 new/upgraded motorcycle models; raising annual capacity from 7.1 million to 9+ million units.
- Targeting #1 position in e2W without compromising bottom line; currently #2 with 12 EV models.
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Electric bus makers take steps to enter China-dominated market
Business Line, 25 July 2026
- EKA exported 10 e-buses to Zanzibar; Switch delivered 100 e-buses to Mauritius.
- JBM Auto launched Ecolife in Europe with Frankfurt HQ; plans 100+ buses in Germany.
- Indian OEMs targeting Africa, Mauritius, Europe; face competition from Chinese players with established global footprints.
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JMI targets 20% revenue growth in FY27 on strong tractor demand
Business Line, 25 July 2026
- Targeting 20% revenue growth in FY27; FY26 revenue ₹520 crore.
- Agricultural machinery contributes 75% of revenue; manufactures 80,000 brake assemblies/month for tractors.
- Investing ₹35 crore in greenfield plant at Chandigarh; expected inauguration by March 2027.
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Hindustan Zinc planning ₹25K cr capex to expand refined metals capacity
Business Standard, 27 July 2026
- Planning ₹25,000 crore capex for 600+ ktpa additional Zinc and Lead smelting capacity; board approval in Q3.
- Already investing ₹12,000 crore to expand capacity by 250 ktpa; target to reach ~2,000 ktpa by FY30.
- Q1 net profit more than doubled to ₹5,469 crore; total income up 74% YoY.
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Delhi govt clears Centre's Parivartan scheme to phase out old trucks, buses
Business Line, 21 July 2026
- Delhi approved Parivartan scheme for replacing old trucks/buses with BS-VI or EVs; benefits ~2.07 lakh vehicle owners.
- Tata Motors, Ashok Leyland, Switch Mobility offer 8% discount; combined 50% market share.
- LGVs purchased in Delhi must be electric; buses only BS-VI CNG or EVs; 100% tax exemption for 10 years.
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Carmakers Call on Govt to Test Fuel Quality at Pumps
The Economic Times, 22 July 2026
- Auto industry urges independent body to test fuel quality at pumps; E20 not harmful but contamination is real issue.
- Complaints of stalled vehicles traced to elevated chloride and moisture; underground tanks not upgraded for E20.
- Ethanol's hygroscopic nature causes phase separation; water-ethanol mixture settles at bottom, causing engine damage.
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Exporters seek govt intervention as W. Asia crisis disrupts shipping
Business Line, 28 July 2026
- FIEO seeks urgent meeting with Shipping Ministry over soaring freight rates and fewer mother vessel calls.
- CMA CGM announced $5,000/container PSS from August 15 on US-bound cargo.
- Increased reliance on feeder services through Colombo, Singapore, Jebel Ali raising transit time and logistics costs.
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Vehicle scrappage highest in UP with 2-lakh units off the roads in three years
Business Line, 28 July 2026
- 1.85 lakh private + ~10,000 government vehicles scrapped in UP; 101 RVSFs registered, 50 operational.
- 4.2 lakh vehicles scrapped across India since August 2022; 1.82 lakh applications processed in 2026.
- NITI Aayog report: less than 3% of targeted end-of-life vehicles processed through authorised channels.
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Centre plans performance-based safety norms for 2Ws
Business Line, 29 July 2026
- MoRTH planning performance-based safety norms replacing technology-specific mandates (ABS/CBS).
- Manufacturers to meet prescribed braking performance and stopping distance benchmarks with any technology.
- Aims to balance improving road safety with engineering flexibility and reducing compliance complexities.
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