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Auto wholesales a bummer in Nov after a bumper October
Business Line | 2 December 2025
- Auto wholesales declined month-on-month in November after strong October sales driven by GST cuts and festive offers.
- Despite the m-o-m dip, most OEMs reported strong year-on-year growth; Maruti Suzuki posted its highest-ever November sales (+21% y-o-y).
- Two-wheelers also showed strong y-o-y growth, though Bajaj Auto saw a slight decline.
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After 19.2% ethanol blended fuel in 2024-25, India eyes 20% by 2026
Business Line | 2 December 2025
- Ethanol blending reached 19.2% in ESY 2024–25, with the government targeting 20% blending by October 2026.
- Higher ethanol procurement costs and feedstock allocation (rice and sugar diversion) are key challenges.
- India’s ethanol distillation capacity stands at about 1,950 crore litres, with supply schedules already planned.
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Lumax expects to more than double its revenue in 4-5 yrs
Business Standard | 6 December 2025
- Lumax Group aims to cross ₹20,000 crore revenue in 4–5 years, driven mainly by domestic demand rather than exports.
- The group plans a China office to access advanced technologies and deepen technical collaborations.
- Focus areas include premiumisation, safety features and lightweight components amid strong auto sector growth in India.
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Auto dealers expect positive sales over next three months: FADA
Business Line | 9 December 2025
- About 74% of auto dealers expect sales growth in the next three months, supported by GST 2.0 and strong enquiries.
- Passenger vehicle retail sales rose nearly 20% y-o-y in November, while two-wheelers dipped slightly.
- Marriage season demand, new launches and rural liquidity are expected to aid conversions.
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China Carmakers Miss End-of-Year Rush with Rare Drop in Sales
The Economic Times | 9 December 2025
- China’s car sales fell 8% in November, mainly due to a sharp drop in gasoline vehicle demand.
- Reduction in trade-in subsidies hurt demand, while EV sales saw only modest growth.
- Luxury foreign carmakers are facing pressure as buyers shift to affordable Chinese brands.
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PVs, two- and three-wheelers see highest-ever sales in Nov
Business Line | 12 December 2025
- Passenger vehicles, two-wheelers and three-wheelers recorded their highest-ever November sales.
- Festival demand and GST 2.0 reforms played a key role in boosting dispatches.
- Exports also surged sharply across all vehicle segments in November.
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Auto parts suppliers spin out on foreign roads
Business Standard | 15 December 2025
- Auto component makers with high overseas exposure face demand weakness and margin pressure.
- Slowing global PV and CV markets, especially in North America and Europe, are key concerns.
- Brokerages remain cautious on companies heavily dependent on exports.
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e4-wheeler registrations fall in November
Business Line | 2 December 2025
- Electric four-wheeler registrations declined 23% m-o-m in November after a festive spike in October.
- Tata Motors retained leadership with ~41% market share, while MG and Mahindra saw marginal share declines.
- GST cuts on ICE vehicles and rare-earth magnet shortages widened the EV–ICE price gap, hurting EV demand.
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Tesla's Yet to Have an Electric Start in India
The Economic Times | 2 December 2025
- Tesla delivered fewer than 50 vehicles in November, lagging BMW and Mercedes in India’s luxury EV space.
- BMW’s iX1 and Mercedes’ premium EVs are gaining faster traction amid rising luxury EV adoption.
- India’s EV car market grew 57% y-o-y in 11 months, driven mainly by mass-market players.
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TVS Motor overtakes Bajaj Auto in EV2W registrations in Nov
Business Line | 1 December 2025
- TVS Motor became the top EV two-wheeler player in November, overtaking Bajaj Auto.
- Ola Electric saw a steep drop in volumes and market share due to post-festive slowdown.
- Overall EV2W registrations declined m-o-m amid GST changes and rare-earth magnet shortages.
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India's e2W market zooms past 1.18 mn registrations in 11 mths
Business Standard | 4 December 2025
- Electric two-wheeler registrations crossed 1.18 million units in Jan–Nov 2025, up 10% y-o-y.
- Legacy OEMs like TVS and Bajaj strengthened leadership, while newer players lost momentum.
- November saw ranking reshuffles, with Hero’s Vida overtaking Ola Electric in monthly sales.
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VinFast to pump $500 m more in TN plant to expand EV line-up
Business Line | 5 December 2025
- VinFast plans to invest an additional $500 million in its Tamil Nadu plant to expand into e-buses and e-scooters.
- The expansion includes new production lines, charging infrastructure and localisation efforts.
- The project is expected to generate jobs and boost India’s green mobility ecosystem.
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GST 2.0 tilts scales towards ICE; EV penetration softens
Business Standard | 9 December 2025
- GST 2.0 reforms boosted ICE vehicle sales by improving affordability, while EV penetration dipped.
- Electric car penetration fell to 3.7% in November, below pre-GST cut levels.
- Luxury buyers increasingly preferred ICE vehicles due to lower ownership costs and resale value.
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EV sales top 2 mn in first 11 mths of'25
Business Standard | 10 December 2025
- EV registrations crossed 2 million units in Jan–Nov 2025, a first for the industry.
- Passenger EVs grew 77.5%, while two-wheelers grew nearly 10% y-o-y.
- Market dynamics may shift in 2026 as new mass-market EV models enter the segment.
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Big-capital makes a return to EV two-wheeler sector
Business Line | 13 December 2025
- EV two-wheeler startups attracted $1.4 billion funding in 2025, driven by late-stage investments.
- Investors are backing scale-ready OEMs as early-stage funding slows.
- Electric motorcycles present a major growth opportunity, especially in tier-2 and tier-3 markets.
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EV battery market to grow 14-fold by 2032: CES report
Business Line | 13 December 2025
- India’s EV battery demand is projected to surge 14-fold to 256.3 GWh by 2032.
- Advances in LFP, NCM, sodium-ion and solid-state batteries are driving cost and safety improvements.
- Battery innovation is expected to significantly improve EV affordability and adoption.
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E-bikes Fervour Discharging; Big Potholes Ahead
The Economic Times | 14 December 2025
- India’s electric two-wheeler growth has slowed amid GST changes, charging issues and fading incentives.
- ICE two-wheelers remain resilient, supported by affordability and fuel price stability.
- EV2W players need new strategies to revive demand and sustain long-term growth.
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Nov tractor sales plummet after all-time high in Oct
Business Line | 11 December 2025
- Tractor sales fell sharply to 1.02 lakh units in November from an all-time high of 1.74 lakh units in October, though still better than July–August levels.
- October sales were boosted by GST cuts and a good monsoon; November reflects a return to normal demand.
- ICRA upgraded FY26 tractor industry growth outlook to 8–10%, supported by strong monsoon, higher MSP and positive farm sentiment.
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JSW seals ₹31,500 cr JV with JFE Steel for Bhushan Power
Business Line | 4 December 2025
- JSW Steel will sell 50% stake in Bhushan Power & Steel to Japan’s JFE Steel for ₹15,750 crore, forming a 50:50 JV.
- The deal will help deleverage JSW’s balance sheet by ₹37,250 crore and cut net debt-to-EBITDA sharply.
- JFE will bring technology expertise while JSW focuses on expansion, including a planned 10 mtpa Odisha capacity by 2030.
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Tata Steel plans major expansion, backward integration programmes
Business Line | 11 December 2025
- Tata Steel announced brownfield expansions and backward integration, including a 6 mt greenfield steel plant in Maharashtra with LMEL.
- It will acquire 50.01% stake in Thriveni Pellets and expand iron ore mining, logistics and pellet-making capacity.
- The company also plans low-carbon HIsarna demo plant and capacity expansion at Neelachal Ispat Nigam and Meramandali.
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Israeli govt looks to shift defence manufacturing to India
Business Line | 9 December 2025
- Israel is exploring shifting defence manufacturing to India under Aatmanirbhar Bharat through joint development and co-production.
- A new India–Israel MoU focuses on AI, cyber, R&D, training and advanced defence technologies.
- Several Israeli firms already have JVs in India, while Israel’s arms export share to India has declined over recent years.
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Trade unions call for nationwide strike in Feb against Labour Codes
Business Line | 10 December 2025
- Central trade unions announced a nationwide general strike in February 2026 opposing the four Labour Codes.
- Unions cited widespread protests, farmer support and participation across organised and unorganised sectors.
- The Centre was accused of running a propaganda campaign to project the labour reforms as beneficial.
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MSME ministry to set up 3 tech extension centres in state
The Times of India | 11 December 2025
- The MSME Ministry will establish three extension centres in Maharashtra—Pune, Nagpur and Sindhudurg.
- The initiative is part of a national plan for 100 extension centres and 20 technology centres.
- Focus areas include MSME formalisation, technology adoption, credit access and support for women-led enterprises.
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Construction equipment makers see dip in road work volumes over the past year
Business Line | 11 December 2025
- Road construction activity has slowed by 10–12% y-o-y despite visible urban infrastructure disruptions.
- Payment delays, land acquisition hurdles and election-year distractions are key reasons for the slowdown.
- While road projects dipped, demand is rising in metro rail, tunnels and smart mobility infrastructure.
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EU agrees to cut 90% emissions by 2040
The Economic Times | 11 December 2025
- EU nations agreed to cut greenhouse gas emissions by 90% from 1990 levels by 2040.
- Up to 5% of reductions can be achieved through carbon credits from projects outside Europe.
- Activists criticised the move, saying it allows climate responsibility to be shifted offshore.
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Sovereign control a valid concern: Nadella backs India’s stand on local resilience
The Times of India | 11 December 2025
- Microsoft CEO Satya Nadella said sovereign control and local resilience in AI and cloud are legitimate priorities for India.
- Microsoft will invest $17.5 billion in India over four years, including expanding data centre capacity.
- Nadella praised India’s digital public infrastructure and policy-led tech ecosystem as a growth driver.
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Labour ministry inks initial Microsoft pact
The Times of India | 11 December 2025
- The Labour Ministry signed an MoU with Microsoft to strengthen AI-led skilling and workforce readiness.
- The partnership aims to improve job access through platforms like e-Shram and National Career Service.
- The government targets extending social protection coverage to 100 crore citizens by March 2026.
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Mexico tariff hike triggers concerns over export of auto components and cars
Business Line | 12 December 2025
- Mexico imposed a 50% import tariff on Indian auto components and cars, raising concerns for exporters.
- India exported $1.95 billion worth of vehicles and components to Mexico in FY25, led by VW, Hyundai and Kia.
- Industry experts warn of supply-chain disruption and higher costs, urging diversification of export markets.
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