|
TaMo Speeds Past Hyundai, M&M to 2nd Spot in PV Race
The Economic Times | 2 October 2025
- Tata Motors rose to 2nd place in India’s passenger vehicle market in September 2025, overtaking Hyundai and Mahindra, with 40,504 registrations—a 28% year-on-year increase.
- The company extended its lead in the EV segment, with its mass-market electric models like Nexon EV, Tiago EV, and Punch EV contributing significantly to overall volumes.
- Overall EV registrations surged to 15,040 units, with new entrants Tesla and Vinfast making modest beginnings.
|
| |
|
Maruti Suzuki’s output zooms 26% on year in September
Business Line | 4 October 2025
- Maruti Suzuki’s total production increased by 26% year-on-year in September 2025, reaching 1,98,316 units, driven by strong output in compact and utility vehicle segments.
- Domestic passenger vehicle dispatches to dealers, however, declined by 8% due to logistical challenges, including extended turnaround times for freight.
- The company halted production of the Ciaz sedan and saw increased output in models like the Eeco and Super Carry LCV.
|
| |
|
Ramkrishna Forgings eyes rail push with components for bullet train
Business Standard | 4 October 2025
- Ramkrishna Forgings aims to increase its railway revenue share to 20% by 2030, focusing on components for high-speed rail and forged wheels.
- The company is setting up a Chennai facility to produce 2.2 lakh forged wheels annually, with 80,000 earmarked for Indian Railways and the rest for exports.
- It is also shifting its export strategy toward European auto and rail markets amid weak demand from the US.
|
| |
|
M&M doubles vehicle dispatch by train; launches new Bolero range under ₹10 lakh
Business Line | 7 October 2025
- Mahindra & Mahindra doubled its vehicle dispatches by train during the festive season to overcome trailer shortages and meet high demand.
- The company launched new Bolero models priced under ₹10 lakh, benefiting from GST 2.0 reforms and strong rural-urban sales mix.
- M&M is focusing on EV penetration, which currently stands at 8%, and is monitoring raw material prices for future pricing decisions.
|
| |
|
TSF Group looks to double business in 5 years
Business Line | 8 October 2025
- The TSF Group, which includes Sundaram Finance and Wheels India, plans to double its manufacturing revenue to ₹32,000 crore by 2030–31 with a ₹2,500 crore capex.
- It also aims to grow assets under management from ₹1.5 lakh crore to ₹4 lakh crore in the same period.
- The group will focus on organic growth in financial services and explore JVs and acquisitions in manufacturing.
|
| |
|
Sona Comstar MD flags magnet quality issues under PLI scheme
Business Standard | 13 October 2025
- Sona Comstar raised concerns over the quality of rare earth permanent magnets (REPMs) to be produced under the government’s PLI scheme.
- Indian Rare Earths Ltd. noted that domestic rare earth elements are of lower grade, requiring additional refining steps and increasing costs.
- IREL can supply only 500 tonnes of the required 1,500 tonnes of rare earth oxides, leaving a significant gap to be filled via imports.
|
| |
|
Robust volumes likely drove auto sector growth in Sep qtr
Business Standard | 13 October 2025
- The auto sector is expected to post 9–12% revenue growth in Q2 FY26, driven by strong volumes post-GST reforms and improved realizations.
- EBITDA margins may contract due to higher discounts and ad spends, though a richer product mix and exports may partly offset this.
- Tractor and two-wheeler segments showed strong growth, while PV volumes dipped slightly; companies like Maruti, M&M, and Tata Motors are top picks.
|
| |
|
Hero MotoCorp enters Italy with Pełpi International distribution tie-up
Business Line | 14 October 2025
- Hero MotoCorp entered the Italian market through a distribution partnership with Pełpi International, marking its 49th international market.
- Initial models introduced include the Xpulse 200 4V, Xpulse 200 4V Pro, and Hunk 440, targeting key cities with 36+ dealers.
- The company aims to offer technology and value-driven products to appeal to Italian riders.
|
| |
|
Tata Motors PV unit valued at ₹1.45 trillion
Business Standard | 15 October 2025
- Tata Motors’ passenger vehicle business, including EVs and JLR, is valued at ₹1.45 trillion post-demerger, down 40% from pre-merger levels.
- The commercial vehicle entity is set to list separately and is expected to have a similar valuation.
- Nomura set target prices of ₹365 for the CV business and ₹367 for the PV entity, citing strong post-GST demand and premiumization trends.
|
| |
|
Electric 2-wheeler registrations up 18% in HIFY26
Business Standard | 1 October 2025
- Electric two-wheeler registrations rose 18% in H1 FY26, despite a sharp decline in market leader Ola Electric’s sales.
- Hero MotoCorp’s Vida saw a 248% surge, while TVS and Ather also posted strong growth of 53% and 81%, respectively.
- TVS captured the top market share in September 2025 with 21.9%, displacing Ola, which fell to 12.7%.
|
| |
|
Rare earth magnet scarcity triggers 75% fall in e2W registrations in Q2
Business Line | 6 October 2025
- Electric two-wheeler registrations fell 75% year-on-year in Q2 FY26 due to a shortage of rare earth magnets, largely imported from China.
- The scarcity impacted production, with Bajaj Auto delaying new launches and expecting stabilization in 6–9 months.
- OEMs are exploring alternatives like light rare-earth magnets and rare earth-free systems to reduce dependency.
|
| |
|
EV penetration could slow with GST cut on ICE vehicles: Mercedes-Benz
Business Line | 7 October 2025
- Mercedes-Benz India warned that GST cuts on ICE vehicles could slow EV adoption, as price gaps narrow and some states withdraw EV incentives.
- The company reported strong Q2 sales of 5,119 units and a BEV penetration of 8%, up from 4% earlier.
- It expects continued sales momentum through festive and marriage seasons, supported by innovative financing schemes.
|
| |
|
Retail Electric Car Sales Double in Sept
The Economic Times | 9 October 2025
- Electric passenger vehicle sales more than doubled in September 2025, reaching 15,329 units compared to 6,191 a year earlier.
- Tata Motors led with 6,216 units, followed by Mahindra (3,243) and BYD India (547).
- Tesla made its debut with 64 units, while two-wheeler EV sales also grew 15% year-on-year.
|
| |
|
Tesla, VinFast make quiet start in India's EV mkt
Business Standard | 13 October 2025
- Tesla and VinFast had modest starts in India, with 69 and 6 registrations in September 2025, respectively.
- High prices—Tesla’s Model Y is nearly double its US price—and limited local manufacturing are key challenges.
- VinFast has begun local production in Tamil Nadu, while Tesla continues to import from China.
|
| |
|
Rural demand revs up: Tractor sales at new high
The Times of India | 11 October 2025
- Tractor sales hit a record high in September 2025, with H1 FY26 volumes crossing 5 lakh units for the first time.
- Good monsoons, higher MSPs, and GST cuts on tractors and parts boosted rural demand and affordability.
- Mahindra & Mahindra, Escorts Kubota, and Sonalika reported significant growth in domestic sales.
|
| |
|
Metal Cos may Not Shine Well at the Ferrous End
The Economic Times | 15 October 2025
- Ferrous metal companies are expected to see weaker Q2 FY26 margins due to falling steel prices and high input costs.
- Non-ferrous producers may perform better, supported by rising global prices of aluminium, zinc, and copper.
- Steelmakers faced a ₹2,000–3,000/tonne drop in realizations, while non-ferrous firms benefited from lower alumina and coal costs.
|
| |
|
Govt extends export benefits under RoDTEP scheme till March 2026
Business Line | 1 October 2025
- The Indian government extended the RoDTEP export incentive scheme by six months, until March 2026.
- The scheme refunds taxes and duties incurred by exporters, with rates ranging from 0.3% to 3.9%.
- Exporters welcomed the move, which reduces uncertainty and supports international competitiveness.
|
| |
|
China Can Import More if India Is Open to it?
The Economic Times | 6 October 2025
- A Chinese official suggested that India could increase exports to China if it adopts a more open trade policy and considers joining RCEP.
- India’s exports to China fell 14.4% in FY25, while imports rose 11.5%.
- The official emphasized that bilateral trade could grow rapidly with greater integration and resolution of border issues.
|
| |
|
India develops into a key growth engine while China decelerates steadily, says IMF chief
Business Line | 9 October 2025
- IMF Managing Director Kristalina Georgieva identified India as a key global growth engine, contrasting with China’s steady slowdown.
- She highlighted high US tariffs on India and warned of potential trade war risks despite some stabilization.
- Global growth is projected at 3% over the medium term, down from pre-pandemic levels.
|
| |
|
Govt Building 25 Greenfield Expressways to Cut Logistics Costs: Gadkari
The Economic Times | 10 October 2025
- The government is building 25 greenfield expressways spanning 10,000 km at a cost of ₹6 lakh crore to reduce logistics costs.
- Logistics costs have already fallen from 15% to 10%, with a target of 9% by December 2025.
- The auto industry is expected to become the world’s largest in five years, supported by infrastructure and clean energy initiatives.
|
| |
|
US Threatens Sanctions Over Global Shipping Carbon Tax
The Economic Times | 13 October 2025
- The US threatened sanctions, port bans, and visa restrictions on countries supporting the IMO’s proposed global carbon tax on shipping.
- The Trump administration rejected the Net Zero Framework, calling it a “global carbon tax” and promoting fossil fuel use.
- The move reflects a broader reversal of US climate policies under the new administration.
|
| |
|
Access all press reports in a single PDF document. |
| |
|
