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JSW MG to Invest ₹3k cr, Set up Second Mfg Unit in India
The Economic Times | 17 February 2026
- JSW MG Motor India will invest ₹3,000 crore over two years to build a second plant in Gujarat, adding 300,000 units capacity.
- Funds will also be used for new products and Capex, with financing options to be explored later this year.
- The company plans to launch four new vehicles in 2026, building on a 19% sales growth in 2025.
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Renault to Ramp Up EV 'Offensive' as Sales Climb
The Economic Times | 20 February 2026
- Renault will expand its EV and hybrid range in Europe after a strong 2025, with EV sales up 77% and hybrids up 35%.
- This aggressive EV push contrasts with rival Stellantis, which wrote down €22 billion on its EV operations.
- Despite rising sales, higher EV costs caused Renault's operating margin to fall to 6.3% in 2025.
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Auto part cos step on expansion pedal as FTAs open up markets
The Times of India | 27 February 2025
- Auto component firms like Tenneco and Valeo are investing in India to expand capacity, driven by new export opportunities from recent FTAs.
- Valeo plans to invest $237 million to triple India sales to $740 million by 2028, while Tenneco's exports now account for 20% of its order book.
- Indian companies like Lumax are acquiring firms to offer integrated solutions and move up the value chain.
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TVS Motor Company announces re-entry into South African market
Business Line | 27 February 2025
- TVS Motor has re-entered South Africa via a partnership with The Nexus Collective, becoming the only two-wheeler brand there to operate across multiple segments.
- This is a key step in TVS’s international growth, as Africa accounts for over 50% of its global operational revenue.
- The company will introduce seven new products for daily commuting and commercial use in the region.
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Tata Motors to deploy 40 green hydrogen-powered trucks at VOC port
Business Line | 27 February 2025
- Tata Motors will deploy 40 green hydrogen-powered trucks at V.O. Chidambaranar Port in Thoothukudi over two years.
- The port will also set up a 2 MW electrolyser and hydrogen refuelling station to support this pilot project.
- Funded by the Ministry of Ports, the initiative aims to decarbonize cargo handling and test green hydrogen logistics.
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Affordability keeps ICE relevant as buyers warm up to hybrids
Business Standard | 27 February 2025
- Over 50% of Indian car buyers won’t spend beyond ₹15 lakh, keeping ICE vehicles dominant and hybrids as the preferred transition choice, says a Deloitte study.
- EV penetration is just 1.5% in the mass-market sub-₹12 lakh segment, compared to 10% in the premium above-₹12 lakh bracket.
- Charging infrastructure remains a key hurdle, with EV interest driven more by lower running costs than environmental concerns.
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Ola Electric loses speed as volumes, mkt share slip
Business Standard | 17 February 2025
- Ola Electric’s Q3 revenue crashed 55% YoY after scooter sales plunged, dragging down its stock price and market share.
- Brokerages like Kotak and Emkay have downgraded the stock, flagging cash burn, weak execution, and rising competition.
- The company says it is undertaking a strategic "reset" to improve fundamentals and operating margins.
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UP, Rajasthan and AP lead in EV, green hydrogen adoption: Study
Business Line | 24 February 2025
- Uttar Pradesh, Andhra Pradesh, and Rajasthan are leading in EV and green hydrogen adoption, driven by supportive policies like green tariffs and time-of-day tariffs.
- UP has achieved 10% EV adoption and targets 1 million tonnes of green hydrogen by 2028.
- Delhi and Haryana lead in power ecosystem readiness, while Rajasthan has the lowest green tariff but needs more energy storage.
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Funding crunch stalls Maharashtra's EV push as subsidy dues top ₹3,000 cr
Business Line | 26 February 2025
- Maharashtra’s EV drive is stalled due to over ₹3,000 crore in unpaid subsidy dues since FY22, affecting companies like Bajaj Auto and Mahindra.
- Poor coordination between Transport and Finance departments has halted payments, impacting electric bus rollouts and manufacturer cash flow.
- Olectra Greentech is awaiting ₹860 crore in incentives, and the state's broader e-bus plans are now in jeopardy.
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Logistics players too see EVs delivering economic value
Business Line | 27 February 2025
- EVs are proving more viable for commercial logistics than private use, thanks to higher daily mileage and predictable routes, lowering total ownership costs.
- Investment in commercial EV startups is outpacing passenger EV firms, driven by demand from e-commerce and fleet operators.
- Unlike global trends, India’s EV adoption is bottom-up, led by commercial vehicles that consume most of the energy.
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Japanese auto firms plan green investment in UP
Business Line | 27 February 2025
- Suzuki, Honda, and Minda Corporation have proposed green mobility investments in UP during CM Yogi Adityanath’s visit to Japan.
- Suzuki plans a compressed biogas plant, while Honda reaffirmed that 30% of its India investment is already in UP.
- The state secured ₹1.5 lakh crore in investment proposals from Japan for auto clusters and sustainable industrial growth.
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Auto PLI distorted e2W market, hurt innovation: C-DEP report
Business Standard | 28 February 2025
- The auto PLI scheme distorted the e2W market by favouring large players over innovative early movers, says a C-DEP report.
- 77% of India’s e2W exports come from non-PLI models, showing the scheme has not boosted global competitiveness.
- PLI beneficiaries have avoided mass-market segments like electric motorcycles, leaving the market reliant on imports.
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After tariff cut, CNH India plans ₹1,800 cr expansion, to resume exports to US
Business Line | 16 February 2025
- CNH India will invest ₹1,800 crore to double tractor production to 120,000 units, following a US tariff cut from 25% to 18%.
- The investment includes a new greenfield plant, likely in UP, and will resume tractor exports to the US.
- Exports had been halted in late 2025 after higher duties made them unprofitable.
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Escorts Kubota Hits the Long Road to Gain Ground in a Competitive Tractor Market
The Economic Times | 26 February 2026
- Escorts Kubota’s market share has dropped to 10.8% from 12.9% post-merger, as integration and product challenges persist.
- The Kubota brand has struggled with a limited lineup, high import dependence, and cost disadvantages.
- New locally developed models are being launched to expand market reach, with full impact expected in 12–18 months.
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Tata Steel, JSW and AM/NS bet big on scrap as green steel norms roll out
Business Line | 17 February 2025
- Tata Steel, JSW, and AM/NS are ramping up scrap usage and setting up recycling units in response to the government’s new green steel ratings.
- Tata Steel is expanding its recycling vertical, while AM/NS plans three scrap processing centres to ensure quality supply.
- JSW Steel is using hydrogen at its DRI plant and setting up a scrap facility in Maharashtra to cut carbon emissions.
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Proterial to set up metglas plant in AP under PLI
Business Standard | 28 February 2025
- Japanese firm Proterial will set up India’s first Metglas plant in Andhra Pradesh under the PLI scheme, with an investment of ₹680 crore.
- The 30,000-tonne facility will produce amorphous metal for high-efficiency transformers, aiming to cut imports by half.
- This joint venture with Shirdi Sai Electricals will reduce dependence on Japan and China for critical electrical steel.
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India may Take a Middle Path for Car Cos under CAFE III Norms
The Economic Times | 23 February 2026
- India’s CAFE III norms are likely to set stricter fuel efficiency targets for large carmakers, with some relief for smaller players.
- The proposed rules may remove the extra allowance for small cars, raising their prices as manufacturers adopt cleaner tech.
- Makers of heavier vehicles will need to invest more in electrification or hybridisation to meet tighter CO2 limits.
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'Exceeded authority': US SC strikes down Trump's global tariffs
Business Standard | 23 February 2025
- The US Supreme Court struck down Trump’s global tariffs, ruling he overstepped his authority under a 1997 emergency law.
- The decision could lead to $170 billion in refunds to importers and halves the US effective tariff rate.
- GTRI says India should revisit its interim trade deal with the US, as the tariffs it addressed are now invalid.
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Benefits for Exporters under RoDTEP Halved
The Economic Times | 24 February 2026
- The government has halved RoDTEP benefits, reducing export rebates to 50% of notified rates with immediate effect.
- Export bodies like FIEO have urged a rethink, warning the move raises costs and hurts competitiveness amid weak global demand.
- The cut impacts multiple sectors, including textiles, with rebates on raw cotton being significantly reduced.
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One target or five: Siam opposes BEE's CAFE 3 reset
Business Standard | 26 February 2025
- SIAM has opposed BEE’s latest CAFE 3 proposal for separate annual CO2 targets from FY28–FY32, preferring a single five-year target.
- The industry body says the third revised proposal is far more challenging and was introduced without consultation.
- The disagreement reflects ongoing friction between automakers and regulators over future fuel efficiency norms.
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Govt mandates sale of E-20 petrol nationwide from April 1
Business Line | 26 February 2025
- The government has mandated the sale of E20 petrol (20% ethanol blend) with a minimum 95 RON across India from April 1, 2026.
- The policy aims to cut oil imports, lower emissions, and support farmers by boosting demand for sugarcane and maize.
- New vehicles are E20-compliant, but older models may see a slight drop in mileage and potential component wear.
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US announces preliminary 126% duty on Indian solar imports
Business Standard | 26 February 2025
- The US has imposed a preliminary 125.87% countervailing duty on certain Indian solar goods, citing unfair subsidies.
- The duty is on top of a 10% universal tariff and could impact Indian solar exports, which reached $792.6 million in 2024.
- Indian manufacturers say the impact will be limited, with a final decision expected in July 2026.
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India to continue talks for best trade deal with US: Goyal
Business Standard | 26 February 2025
- India will continue trade talks with the US despite the Supreme Court striking down Trump’s tariffs, says Commerce Minister Piyush Goyal.
- The interim deal includes a clause to "rebalance" commitments if circumstances change on either side.
- Goyal noted the US still has other legal tools to impose tariffs, but the deal has many positives beyond just tariff cuts.
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India-EU trade pact includes model mediation procedures
Business Standard | 28 February 2025
- The India-EU FTA includes a mediation annexure for resolving trade disputes quickly through a mutually agreed mediator.
- Either side can request mediation over trade-harming measures, but only with mutual consent.
- The pact, finalised in January, is expected to be signed after legal review and implemented next year.
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Momentum to sustain, GDP may grow 7.4% in FY27: CEA
The Times of India | 28 February 2025
- CEA V. Anantha Nageswaran raised FY27 GDP growth forecast to 7–7.4%, citing policy certainty from trade deals and better capital flows.
- He said India is likely to cross $4 trillion next year, with sustained consumption and investment momentum.
- High-frequency data suggests March quarter growth could top 7.3%, with upside risks to the forecast.
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CAQM proposes mandating only EV taxis from April 2027
Business Line | 27 February 2025
- CAQM is considering a proposal to allow only zero-emission vehicles (EVs) as taxis in Delhi-NCR from April 2027.
- The plan also targets two-wheeler taxis, delivery vehicles, and three-wheelers, with private vehicles to follow by 2030.
- Experts warn of impact on CNG-based 'Bharat Taxi' services and affordability for drivers and commuters.
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Access all press reports in a single PDF document. |
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- Training on "Simulation On Metal Forming/Forging",13th March 2026, Ludhiana
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