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Hyundai shifts into top gear in India with ₹45,000 cr plan
Business Line | 16 October 2025
- Hyundai announced ₹45,000 crore investment in India by 2030 to expand capacity, R&D, and launch 26 vehicles including 5 EVs and 8 hybrids.
- Aims to increase market share from 13% to over 15% and revenue to ₹1 lakh crore; to introduce ‘Genesis’ luxury brand by 2027.
- Tarun Garg to become first Indian MD & CEO of Hyundai India from Jan 2026; company plans local EV production to enhance competitiveness.
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Bharat Forge to manufacture fan blades for Rolls-Royce Pearl 10X engines
Business Line | 17 October 2025
- Bharat Forge to produce fan blades for Rolls-Royce’s Pearl 700 and Pearl 10X engines under a strategic manufacturing partnership.
- Rolls-Royce plans to double its sourcing from India by 2030, reflecting its ‘Make in India’ commitment.
- Partnership deepens after 2020 collaboration; Bharat Forge delivered first zero-defect fan blade in 2024.
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‘Roads and highways to drive construction equipment demand’
Business Line | 17 October 2025
- Construction equipment (CE) demand to rise in H2 FY26 led by strong government spending on highways and ₹11 lakh crore infrastructure allocation.
- NHAI to bid ₹3.4 lakh crore projects; mining and rural connectivity to support demand.
- Delays due to rains and weak state finances slowed progress; rebound expected post-monsoon, especially in coal and iron ore sectors.
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Ashok Leyland wins ₹669 cr order for 1,937 buses for Tamil Nadu
Business Line | 17 October 2025
- Ashok Leyland secured order for 1,937 buses from Tamil Nadu State Transport Undertakings worth ₹669 crore.
- Delivery of 1,701 BSVI diesel chassis and 236 semi-low floor buses to be completed between Oct 2025–Jan 2027.
- Reinforces Ashok Leyland’s dominant market position with over 21,000 buses in TNSTU fleet.
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Commercial vehicle sales up 2% in H1 as medium, light trucks drove growth
Business Standard | 22 October 2025
- CV sales grew 2% YoY in H1 FY26 to 4.63 lakh units, led by light and medium commercial vehicles.
- Heavy CVs declined due to improved road conditions reducing replacement demand.
- ICRA projects 3–5% growth in FY26, with buses leading 8–10% growth on strong replacement demand.
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Global Automakers Seek Local Tie-ups to Steer India Plans
The Economic Times | 26 October 2025
- Global carmakers like Renault, BYD, VinFast, Geely, and Chery seek Indian partnerships (e.g., JSW Group) to navigate policy and market complexities.
- Tough competition, evolving technology, and regulatory uncertainties make India challenging for foreign players.
- Local alliances offer policy assurance, distribution reach, and credibility amid geopolitical sensitivities.
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India’s Auto Industry to Boost Investment in South Africa
The Economic Times | 27 October 2025
- Indian automakers like Mahindra and Tata Motors plan to upgrade and expand manufacturing units in South Africa.
- Move aligns with South Africa’s bid to attract auto investments and tackle declining exports and import competition.
- Shift towards electric mobility to counter global trade headwinds and EU combustion engine bans.
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Suzuki plans to launch 8 SUVs in India in 5 yrs, eyes 50% mkt share
Business Standard | 30 October 2025
- Suzuki to launch 8 SUVs in next 5–6 years to regain 50% market share, up from 38% currently.
- Plans include EVs, hybrids, and CNG/biogas-powered cars to cater across segments.
- Recent $8 billion investment announced to strengthen India operations and sustain export leadership.
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India 3rd most important market for Honda, to bring in fresh products
Business Line | 30 October 2025
- Honda identified India as its third most important market after US and Japan.
- Plans to launch EVs by 2027, develop hybrid and multiple powertrain options for local needs.
- Focus on new models beyond current Amaze, City, and Elevate; aims to rebuild presence after model discontinuations.
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Toyota expands India’s market strategy with 15 new models and rural focus
Business Line | 31 October 2025
- Toyota to launch 15 models by 2030, including SUVs and a pickup truck; targets 10% market share (up from 8%).
- Expanding rural reach through small-format showrooms and service centers.
- Strategy to balance premium SUV buyers and rural customers; Toyota India achieved record $640M profit last year.
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Hybrids outpace petrol, EVs as preferred vehicle for buyers: Survey
Business Standard | 17 October 2025
- 38% of Indian buyers prefer hybrids vs 30% petrol and 21% EVs, showing focus on fuel efficiency and performance.
- 41% plan to buy vehicles in 3–4 months; SUVs dominate with 64% preference.
- Tier-II/III demand rising; buyers ready to pay 10–15% premium for safety and advanced features.
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EV share in US car sales rises to 11%
The Economic Times | 17 October 2025
- US EV sales hit record 11% share (4.38 lakh units) in Q3 2025, driven by rush before tax credit expiry.
- Analysts expect short-term dip as incentives lapse but forecast 25% share by 2030.
- Affordability remains a barrier despite strong demand.
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At 5%, EV share in car sales nearly doubles in a year
The Economic Times | 25 October 2025
- EVs’ share in India’s passenger car sales rose to 5% in H1 FY26, up from 2.6% last year.
- EV sales grew 108% to 91,726 units; JSW MG (80% EV share) and Tata Motors led growth.
- BMW and Mercedes also saw record EV growth; industry EV share expected to reach 7% by FY26-end.
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Steel industry flags price pressure from cheap imports
Business Standard | 27 October 2025
- Steel firms warned of unfair competition from low-priced imports from China, Vietnam, and South Korea.
- Imports rose to 4.03 million tonnes (9-year high); government imposed 12% safeguard duty to protect producers.
- Domestic producers face cost pressures due to high logistics and quality standards; MSMEs seek affordable inputs.
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India’s aircraft component sector takes flight
The Times of India | 22 October 2025
- Aerospace giants like Boeing and Airbus increasing sourcing from India; local suppliers see revenue surge.
- Sector to raise ₹5,700 crore through IPOs; India aims to grow global aerospace share from 2% to 10%.
- Firms like Aequs, Azad Engineering, and Unimech expanding facilities and global partnerships.
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HAL to begin delivering indigenous HTT-40 trainer aircraft from February
Business Line | 22 October 2025
- HAL to start HTT-40 trainer aircraft delivery by Feb 2026 after engine supply delays from Honeywell.
- Indigenous project with 38% parts sourced from Indian MSMEs; to replace Pilatus PC-7 MkII trainers.
- Aims to export and secure FAA FAR-23 certification; key boost to local aerospace ecosystem.
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‘US tariff, global uncertainties dented biz confidence in Q2’
Business Line | 28 October 2025
- Business Confidence Index dipped to 142.6 in Q2 FY26 from 149.4 due to US tariffs and global volatility.
- MSMEs’ confidence stable while large firms’ optimism fell; positive outlook for production and exports.
- GST cuts expected to aid sentiment in coming quarters.
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India’s Rare Earth Manufacturing Plan may hit China wall
The Economic Times | 27 October 2025
- China’s new export curbs on rare earth processing tech threaten India’s ₹7,300 crore manufacturing scheme.
- India may need costlier equipment from Germany or Japan, impacting project viability.
- China controls 61% of production and 92% of global rare earth processing.
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MSMEs seek support of RBI, govt as geopolitical uncertainties rise
Business Line | 28 October 2025
- MSME associations raised concerns over geopolitical disruptions and credit access during RBI’s SAC meeting.
- RBI highlighted data-driven lending tools like ULI and account aggregator frameworks to ease credit flow.
- Called for MSME digital adoption, fair lending, and capacity building to bridge financial gaps.
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