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Exports lift Bajaj Auto sales up 40% in Apr
Business Line, 5 May 2026
- April total sales up 40% YoY to 5.13 lakh units; exports surged 83% to 2.65 lakh units.
- CV exports (mainly 3Ws) jumped 125%; 2W exports rose 78%.
- Board to meet May 6 to consider Q4 results and potential share buyback.
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Sona BLW steps on the electric-vehicle pedal
Business Standard, 6 May 2026
- Q4 EV revenue share at record 39%; order book ₹23,700 cr, 70% from EVs.
- Margins guided lower to 23-25% (from 24-26%) due to unfavourable product mix.
- Nomura maintains top pick; ICICI downgrades to “add” after sharp rally.
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Tata Motors expected to close Iveco acquisition by Q3 2026
Business Line, 8 May 2026
- Iveco expects transaction to close by Q3 2026; most regulatory approvals received.
- Iveco reported Q1 EBIT loss of €109 million vs profit of €54 million a year ago.
- Revenue stable at €2.83 billion; bus division revenues up 28.9%.
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Royal Enfield to invest ₹2,200 crore in AP plant
Business Line, 8 May 2026
- ₹2,200 cr investment in two phases at Satyavedu, Tirupati district.
- First major expansion outside Tamil Nadu; will add ~9 lakh units capacity.
- Phase 1 completion by 2029, phase 2 by 2032; 5,000 direct/indirect jobs.
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Toyota expects $4.3 billion hit from effects of Iran war
Business Standard, 9 May 2026
- Toyota expects $4.3 billion hit in current financial year from Iran war effects.
- Quarterly earnings dropped nearly 50%; full-year profit expected to fall by a fifth.
- Bulk of hit from higher material costs, rest from delivery delays and lower volumes.
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Siam divided over Delhi's CNG 3W ban move
Business Standard, 11 May 2026
- Delhi draft EV policy proposes banning new CNG 3W registrations from Jan 1, 2027, allowing only e-3Ws.
- Bajaj Auto argues no “double standards”; ban should apply to all CNG vehicles including cars, buses, trucks.
- Mahindra (largest e-3W player) supports the policy for cleaner last-mile transport.
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W Asia shocks put auto supply in the back seat
Business Standard, 11 May 2026
- Rising commodity, logistics, and supply chain costs due to West Asia tensions.
- Bajaj Auto says supply snags hit demand servicing by 10-15%; commodity inflation ~3.5-4% of Q1 revenue.
- Hero MotoCorp raised prices ~2%; Ather Energy hiked prices ₹4,000 cumulatively.
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Rolls-Royce to expand sourcing, eyes 'make in India' opportunities
Business Line, 11 May 2026
- Third co-owned manufacturing unit inaugurated in Hosur with £30 million investment.
- Expanding Bengaluru global capability centre to bid for Make in India engine projects.
- Targeting opportunities like AMCA engines and electric warship collaboration with Indian Navy.
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PV sales in FY27 likely to hit record 5.9 million units
Business Standard, 14 May 2026
- Crisil expects record PV sales of nearly 5.9 million units in FY27, growth of 5-7%.
- GST cut and utility vehicle demand drive growth; UV share to rise to 69% from 67%.
- Margins under pressure from commodity prices, freight costs, and stricter norms.
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With focus on e-mobility, JBM Auto renames OEM division as EV business
Business Line, 14 May 2026
- OEM division renamed “EV business”; EV revenue up 16.2% to ₹2,307 cr in FY26 (38% of consolidated revenue).
- Commands 79% of electric tarmac bus market and 50%+ of intercity electric luxury coaches.
- Trade receivables doubled, borrowings up 61.4%; exploring $500 million fundraise.
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Cars, 2-,3Ws swerve past price hikes in Apr, touch record sales
Business Line, 15 May 2026
- April PV sales hit record 4.37 lakh units, up 25.4% YoY despite price hikes of up to 3%.
- Two-wheeler sales up 28.4% to 18.73 lakh units; three-wheelers up 32.8%.
- Maruti recorded all-time high monthly sales of 1.87 lakh units, up 35.3%.
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SUVs, 2-wheelers power auto sales growth in April
The Times of India, 15 May 2026
- Domestic PV sales up 26% to nearly 4.4 lakh units in April.
- Utility vehicle dispatches up 20% to 2.4 lakh units; passenger cars up 33% to 1.2 lakh units.
- Two-wheeler sales up 28% to 18.7 lakh units; exports also strong across categories.
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Tata Motors flags diesel cost as biggest risk to CV recovery
Business Standard, 15 May 2026
- Diesel forms 25-50% of TCO for truck operators; any hike would directly raise operating costs.
- CV industry crossed pre-FY19 wholesale peak, driven by GST 2.0 and infrastructure spending.
- India has so far shielded retail consumers, but oil marketing companies’ buffer is finite
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Automakers ramp up production with dispatches, exports powering FY27
Business Standard, 15 May 2026
- April production up 26% YoY to 2.92 million units; dispatches up 27.9% to 2.31 million units.
- Exports grew 38% to 6.28 lakh units, led by two- and three-wheelers.
- Narrowed gap between production and dispatch suggests inventory normalisation.
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Electric 3-wheeler sales up a tad in April, led by L5 vehicles
Business Line, 3 May 2026
- April E3W sales steady at ~61,260 units; L5 segment grew nearly 4% while L3 declined ~1%.
- Mahindra, Bajaj, TVS accounted for ~88% of L5 market; smaller players like OSM declined.
- CNG prices at ₹77-91.5/kg vs E3W running cost ~₹1.4/km, accelerating shift to electric.
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Vintage Fiat 500s get electric makeover
The Times of India, 3 May 2026
- Classic Fiat 500s (1957-1975) being retrofitted with electric engines in Turin workshop.
- Retrofitted cars sell for €40,000-50,000; convertibles up to €80,000.
- Charging socket hidden behind vintage Fiat symbol; digital dashboard added.
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Electric PVs, two-wheelers show exponential growth in April: FADA
Business Line, 7 May 2026
- April electric PV retail sales up 75.1% YoY to 23,506 units; EV share rose to 5.8% of PV market.
- Tata Motors led mass market (8,543 units, +77%); VinFast and Maruti Suzuki nearly tied (~1,230 units each).
- Electric 2W sales up ~61% to 1.49 lakh units; TVS leads, Ola down 38.6%.
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Modi's EV push lifts industry confidence
Business Standard, 12 May 2026
- PM Modi’s renewed EV push boosted confidence; April EV sales up 75% (PV) and 61% (2W) YoY.
- Industry executives flag inconsistent policy signals, including CAFE-3 draft and states scaling back subsidies.
- India now has over 30,000 public EV charging stations; demand shifting to highways and intercity corridors.
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JSW MG Motor set to build an Indian core for its electric PVs
Business Standard, 13 May 2026
- Targeting 70% localisation within 12-18 months (currently 30-40%).
- Investing ₹4,000 crore to expand Halol plant capacity from 1.2 lakh to 3 lakh units by FY28.
- Launching four new models this year (hybrid, electric, premium); EVs account for 80% of sales.
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Truck, tractor sales surge in April; CVs up 15%, tractors 23%: FADA
Business Line, 6 May 2026
- April CV retail sales up 15.02% YoY; tractor sales up 23.22% (fastest-growing segment).
- Medium CVs grew 27%, faster than light/heavy trucks, indicating mid-distance freight growth.
- Tata Motors led CVs with 37.14% share, growing 20.3% above industry average.
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New codes boost gratuity but trim take-home pay
The Times of India, 4 May 2026
- Labour codes mandate at least 50% of remuneration as wages for statutory payments, increasing PF and gratuity base.
- Employees see lower take-home pay; gratuity component doubled for some IT professionals.
- SAP India extended revised gratuity retrospectively and provided one-time uplift to offset pay reduction.
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Extend CNG ban to all vehicles, not just 3Ws: Bajaj to Delhi govt
Business Standard, 8 May 2026
- Delhi draft EV policy proposes banning new CNG 3W registrations from Jan 1, 2027.
- Bajaj Auto (dominant CNG 3W player) says no “double standards”; ban should apply to cars, buses, trucks too.
- Delhi sold 32,224 CNG 3Ws in FY26, up from 23,330 in FY25.
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India plans UPI-style common network for EV charging
Business Line, 11 May 2026
- Heavy Industries Minister to chair May 12 meeting on interoperability standards and common payment system for EV charging.
- BHEL developing unified digital platform to locate, book, and pay across any charger.
- India had 27,737 public chargers as of March 2026; 70-75% are slow AC/low-power DC for 2W/3W.
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Govt unveils Unified Bharat e-Charge
Business Line, 13 May 2026
- Launched Unified Bharat e-Charge (UBC), a “UPI for EV charging” built by BHEL with NPCI support.
- Targets 72,000 public chargers by 2030; ₹503.86 crore sanctioned for 4,874 chargers under PM E-DRIVE.
- 6,200 of 9,100 approved chargers energised; grid connectivity remains principal bottleneck.
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