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In a first, Ford to make engines outside US at Chennai plant
Business Line, 1 November 2025
- Ford is investing ₹3,250 crore to revive its Chennai plant, establishing its first powertrain manufacturing facility outside the US.
- The facility will be 100% export-oriented, serving Ford's global manufacturing footprint, with the first engines expected to roll out in 2029.
- This move is expected to create around 600 jobs and marks a significant step in Ford's renewed investment in India.
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'Honda Motor plans to launch 10 cars by 2030 to regain 5% market share in India
Business Line, 1 November 2025
- Honda plans to launch 10 new cars in India by 2030, with seven of them being SUVs, aiming to regain a 5% market share.
- The plan includes launching the 0-Alpha model in India in 2027 and subsequently exporting it to Japan and other Asian markets.
- A dedicated project team is working on an India-specific strategy, focusing on electrification and higher localization through partnerships with Indian suppliers.
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Daimler India CV eyes €400 m in savings via India-sourced parts
Business Line, 4 November 2025
- Daimler India Commercial Vehicles (DICV) aims to save €400 million by sourcing components from India and another €200 million through manufacturing optimization by 2030.
- The company has already exported 73,000 trucks and buses to over 70 countries and sources 300 million parts from over 400 local Indian suppliers for its global chain.
- DICV credits its success to Chennai's supplier ecosystem, skilled workforce, infrastructure, and business-friendly government policies.
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Wheels India to roll out tractor wheels to Europe from Mambattu plant this quarter
Business Line, 5 November 2025
- Wheels India will start exporting uniquely sized and designed tractor wheels to Europe from its new ₹100 crore plant in Mambattu, near Chennai.
- The plant has an annual capacity of over one lakh wheels and will also serve the domestic market.
- The company sees significant growth potential in this segment, aiming for an additional ₹500 crore in revenue over the next five years from overseas markets.
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Farm equipment, auto segments drive M&M's Q2 profit up 28%
Business Line, 5 November 2025
- Mahindra & Mahindra (M&M) reported a 28% rise in consolidated net profit to ₹3,673 crore in Q2 FY26, driven by strong performance in its auto and farm equipment segments.
- The company saw a 13% YoY growth in automobile volumes and a significant 32% growth in tractor sales during the quarter.
- Post-festival demand remains robust, supported by positive rural sentiment due to good monsoons and increased government spending.
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Small SUVs Make Biggest Strides on Tax Reforms, Hatchbacks Run Out of Steam
The Economic Times, 5 November 2025
- The share of small SUVs in passenger vehicle sales rose to 30.4% in the first 10 months of 2025, while hatchbacks' share fell to 21.9%, influenced by recent GST cuts.
- Automakers like Hyundai confirm increased customer traction for small SUVs post-tax reduction, as buyers could opt for higher variants within the same budget.
- Maruti Suzuki, however, reported a resurgence in mini-car bookings, indicating new customers are entering the market, though production constraints limit deliveries.
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GST rate cut eases discount pressure for truck makers
The Times of India, 8 November 2025
- The GST reduction on commercial vehicles from 28% to 18% has allowed OEMs to significantly cut back on discounts, which were previously as high as 10%.
- While the base price of trucks decreased, the reduction in discounts means the net cost to the customer has not changed substantially.
- Some industry officials view the drop in discounts as a temporary trend in the highly competitive truck market.
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HAL signs $1 b engine deal with GE to power LCA MkIAs
Business Line, 8 November 2025
- Hindustan Aeronautics Ltd (HAL) signed a ~$1 billion deal with GE for 113 F404 engines to power the next batch of 97 LCA Mk1A fighter jets for the Indian Air Force.
- Deliveries of the engines will commence in 2027, aligning with the aircraft's production schedule.
- The LCA Mk1A will feature over 64% indigenous content, including advanced systems like the UTTAM AESA radar.
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Shailesh Chandra becomes first Indian to head OICA
Business Standard, 11 November 2025
- Shailesh Chandra, MD & CEO of Tata Motors Passenger Vehicles and President of SIAM, has been elected President of the Organisation Internationale des Constructeurs d'Automobiles (OICA).
- He is the first Indian to head the global automotive body, marking a significant milestone for India's presence in global automotive decision-making.
- His term began on November 1, 2025, succeeding John Bozzella from the USA.
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Defence, domestic biz drive Bharat Forge Q2 growth
Business Line, 12 November 2025
- Bharat Forge's consolidated revenue grew to ₹4,032 crore in Q2 FY26, supported by strong performance in its Indian manufacturing and defence businesses.
- The company secured new orders worth ₹1,582 crore in H1 FY26, with its defence order book standing at ₹9,467 crore.
- While domestic and defence segments were strong, the company's US and European operations faced weakness due to seasonality and market sentiment.
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Listing Aimed at Turning TaMo's PV & CV Divisions into Future-ready Entities'
The Economic Times, 13 November 2025
- Tata Motors completed the demerger and listing of its commercial vehicle (CV) business, a process that began nearly a decade ago to create two separate, future-ready entities.
- The move ensures both the PV and CV businesses have their own capital allocation, engineering teams, and distinct investor bases, making them financially independent.
- The newly listed Tata Motors Commercial Vehicles (TMCV) starts with a strong financial profile, including a robust Return on Capital Employed (ROCE) of 37.7% for FY25.
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Small Car Sales May be On Track to Rise to 5-Year High
The Economic Times, 14 November 2025
- Sales of sub-four-meter vehicles are forecast to hit a five-year high of ~749,000 units in the Sept-Nov 2025 period, driven by the GST cut and festive demand.
- Compact SUVs are the primary driver, accounting for every second vehicle sold in this category, while micro-car sales continue to decline.
- Aggressive discounts, easy financing, and demand across urban and rural markets contributed to this strong performance.
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Automakers mull hiking prices in 2026 on costlier inputs
Business Line, 15 November 2025
- Automakers, including Tata Motors and Mercedes-Benz India, are planning to increase vehicle prices in early 2026 due to rising commodity costs and rupee volatility.
- The price hikes were deferred in Q3 FY26 to pass on the benefits of the recent GST reduction to consumers.
- Luxury car makers are particularly affected by the depreciating rupee, which necessitates price adjustments.
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PVs, 2-& 3-Ws see best-ever Oct wholesales
Business Line, 15 November 2025
- October 2025 saw record wholesale dispatches for passenger vehicles (4,60,739 units), two-wheelers, and three-wheelers, driven by festive demand and the GST rate cut.
- PV wholesales grew 17.2% year-on-year, while two-wheeler and three-wheeler dispatches grew by 2% and 6%, respectively.
- Vehicle exports across all categories also saw strong growth, increasing by over 19% year-on-year.
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Commercial vehicle cos eye heavy duty demand
The Times of India, 15 November 2025
- Commercial vehicle manufacturers project a strong second half for FY26, with the M&HCV segment expected to see high single-digit growth.
- The GST rate cut has improved vehicle utilization and boosted demand from sectors like mining, construction, and infrastructure.
- The light commercial vehicle (LCV) segment is also gaining traction due to lower effective prices for business-to-consumer (B2C) buyers.
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Bajaj Auto tops electric two-wheeler registrations in October: Vahan data
Business Line, 1 November 2025
- Bajaj Auto led electric two-wheeler registrations in October 2025 with 29,562 units, a 50% month-on-month growth, surpassing competitors like Ola and TVS.
- Overall e-2W registrations surged 31% to 1,35,554 units in October, attributed to strong festive season sales.
- Ola Electric saw a sharp year-on-year decline but registered a 15% month-on-month increase.
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EV makers urge Tamil Nadu govt to extend road tax waiver beyond 2025 to boost adoption
Business Line, 5 November 2025
- EV industry players are urging the Tamil Nadu government to extend its 100% road tax exemption for electric vehicles, which is set to expire at the end of 2025.
- They argue that the exemption is crucial for offsetting the higher upfront cost of EVs and boosting adoption, as the state's EV adoption rate of 7.5% lags behind the national average of 8.5%.
- Suggestions include extending the waiver for another five years or until the state achieves a 20% EV adoption target.
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Exponent targets 2-2.5 mn 3Ws with 24-hr EV retrofit
Business Standard, 8 November 2025
- Exponent Energy launched a retrofit solution to convert ICE auto-rickshaws into EVs in 24 hours, targeting 2-2.5 million autos in top Indian cities.
- The converted vehicles feature a proprietary battery that can be fully charged in 15 minutes and comes with a 5-year/3,000-cycle warranty.
- The retrofit costs ~₹1.7 lakh, and the company offers financial incentives like zero down payment and EMI options to ease adoption for drivers.
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Blue Energy Motors to transform 2 mn trucks into EVs
Business Standard, 10 November 2025
- Blue Energy Motors plans to electrify two million heavy-duty trucks for short-haul routes (under 500 km) by creating a network of battery swapping stations and offering "energy as a service".
- The company will sell trucks without batteries, reducing the upfront cost, and customers will pay for energy based on the operating cost per km.
- A ₹3,500 crore investment will fund the production of over 30,000 electric trucks and the setup of 1,200 swapping stations on national highways within 36 months.
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Blue Energy Motors to transform 2 mn trucks into EVs
Business Standard, 10 November 2025
- Blue Energy Motors plans to electrify two million heavy-duty trucks for short-haul routes (under 500 km) by creating a network of battery swapping stations and offering "energy as a service".
- The company will sell trucks without batteries, reducing the upfront cost, and customers will pay for energy based on the operating cost per km.
- A ₹3,500 crore investment will fund the production of over 30,000 electric trucks and the setup of 1,200 swapping stations on national highways within 36 months.
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Yamaha India makes EV debut
Business Standard, 12 November 2025
- India Yamaha Motor entered the electric two-wheeler market with the launch of two models, the AEROX-E and EC-06, with sales starting in Q4 FY26.
- This is part of a broader strategy to launch 10 new models in India by the end of 2026, including updates to over 20 existing petrol models.
- The company stated its EV approach will remain premium and performance-focused, reflecting its global brand DNA.
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Record tractor sales in October on good monsoon, GST rate cut
Business Line, 11 November 2025
- Tractor sales in October 2025 reached a seven-year high of 1,73,635 units, driven by a good monsoon and the reduction in GST rates.
- The GST on tractors up to 1,800 cc was cut from 12% to 5%, and on parts from 18% to 5%, improving affordability.
- Positive factors like timely Rabi sowing and good Kharif harvest progress are expected to sustain demand.
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Govt eases entry for MSMEs in third round of specialty steel PLI
Business Standard, 5 November 2025
- The government launched the third round (PLI 1.2) of the specialty steel PLI scheme, with revised, lower investment and capacity thresholds to encourage MSME participation.
- The base year for calculating incremental production was updated from 2019-20 to 2024-25 to reflect current market realities.
- The scheme targets advanced steel categories and has so far attracted investment commitments of ₹43,874 crore in its first two rounds.
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Evonith Steel to double capacity with expansion plan of 6,000 crore
Business Line, 6 November 2025
- Evonith Steel plans to more than double its capacity to 3.5 MTPA from 1.4 MTPA with an investment of ₹5,500-6,000 crore over three years.
- The expansion will be funded through internal accruals, debt, and a planned IPO in 18-24 months.
- The company, which was acquired out of NCLT in 2021, has a strong financial profile with an EBITDA run rate of ~₹1,200 crore.
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E-bus adoption 'hit due to lack of charging infra, delayed deliveries
Business Line, 11 November 2025
- The adoption of electric buses in India is facing challenges due to a lack of charging infrastructure, delayed deliveries by OEMs, and the exclusion of private operators from major schemes.
- Supply chain bottlenecks and dependence on imported components like batteries and chassis are causing production delays.
- Despite this, the share of e-buses in overall sales is expected to rise to 10-12% by FY27 from 5% in FY25, driven by government support and lower operating costs.
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JSW Steel looks to offload 50% stake in BPSL for 16,000 crore
Business Line, 12 November 2025
- JSW Steel plans to sell a 50% stake in its subsidiary Bhushan Power and Steel (BPSL) to raise ₹15,000-16,000 crore, with Japan's JFE Steel being the front-runner.
- The funds will be used for JSW Steel's aggressive expansion plans, which include increasing capacity from 36 MTPA to 51 MTPA by FY31.
- JFE is a long-term partner and already holds a 15% stake in JSW Steel.
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Safeguard duty needs to be renewed, says Tata Steel MD Narendran
Business Line, 14 November 2025
- Tata Steel's MD has called for the extension of the 12% safeguard duty on steel imports, citing a sharp rise in imports and the need for healthier cash flows to support industry investments.
- He argued that the duty is necessary to protect the domestic industry from cheap imports, particularly from China, which benefits from scale and state support.
- He dismissed concerns from steel consumers, stating it is unfair to compare manufacturers in India with those in China.
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Govt to review 43.9 GW of renewable energy capacities that have no takers
Business Line, 5 November 2025
- The Ministry of New and Renewable Energy (MNRE) will review 43.9 GW of awarded renewable energy projects that are stalled because discoms have not signed power sale agreements (PSAs).
- RE implementation agencies have been asked to assess these projects, and only those with minimal prospects of securing PSAs may be cancelled.
- The Ministry clarified that major investments in projects typically begin only after PPAs are signed, so the risk of stranded investments is low.
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India-US trade talks: EEPC proposes inclusion of steel, aluminium items
Business Line, 11 November 2025
- Engineering exporters' body EEPC has proposed including steel and aluminium products in the India-US bilateral trade agreement talks to address the 50% tariff (Section 232) imposed by the US.
- They have also suggested that the EU maintain the status quo on steel import quotas and tariffs in its ongoing FTA negotiations with India.
- The high US tariffs have created a 30% price disadvantage for Indian exporters compared to competitors.
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CAFE norms inappropriate for India: Maruti Chairman
Business Line, 13 November 2025
- Maruti Suzuki Chairman R.C. Bhargava stated that Corporate Average Fuel Efficiency (CAFE) norms are "inappropriate" for India as they were designed for Europe and are biased in favour of larger, heavier cars.
- He argued that regulations should be neutral and not discriminate against smaller cars, which are more affordable and fuel-efficient.
- While the latest draft norms have made some corrections, he believes a full correction is still needed.
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Extend NPA window to 180 days, MSME players tell govt
Business Standard, 13 November 2025
- MSME representatives have urged the government to extend the NPA recognition period for loans from 90 days to 180 days, citing long payment cycles.
- They have also requested an increase in the limit for tax-free conversion of private companies into LLPs and the removal of dividend tax for smaller firms.
- Other suggestions include addressing issues with the inverted duty structure under GST and simplifying Quality Control Orders (QCOs).
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Exporters get 45K crore boost
Business Standard, 13 November 2025
- The Union Cabinet approved schemes worth ₹45,060 crore to support exporters, including the Export Promotion Mission (EPM) and a Credit Guarantee Scheme for Exporters (CGSE).
- The package aims to help sectors affected by high US tariffs, such as textiles, leather, and engineering goods, by providing better access to trade finance and market diversification support.
- The CGSE will offer collateral-free credit support, providing a 100% government guarantee on loans to boost exporters' working capital.
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Weight-based CAFE relief to hurt safer car push: Shailesh Chandra
Business Standard, 15 November 2025
- Tata Motors' Shailesh Chandra opposed creating a weight-based category for small cars under CAFE norms, calling it "arbitrary" and a conflict with vehicle safety goals.
- He argued that safety features add weight, and penalizing heavier cars would undermine the industry's progress on safety and consumer preference for safer, feature-rich vehicles.
- He emphasized that the focus should be on promoting sustainable technologies like EVs and flex-fuels rather than on defining small cars by weight.
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