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Automobile market gears up for 23 launches as EVs outpace ICE models
Business Line, 16 June 2026
- 23 new PV models over next 9 months: 16 electrified (10 BEVs, 4 PHEVs, 2 hybrids) and 7 ICE vehicles.
- Launches span from sub-₹10 lakh city cars to ₹2 crore luxury sedans; Mercedes S450e PHEV priced at ₹2.20 crore.
- Electrification moving into entry-level, family SUVs, premium crossovers, and luxury segments.
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MM Forgings to install new hot forging press
Business Line, 16 June 2026
- Installing world's largest 16,500 tonne hot forging press with ₹230 crore investment.
- New press will handle axle beams 170+ kg and crankshafts up to 300 kg (currently 120 kg).
- Targeting ₹1,800-2,000 crore revenue in FY27; plans to deploy 600-800 robots over 3-4 years.
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SIAM data show auto market has shifted from premiumisation to optimisation
Business Line, 17 June 2026
- Passenger car sales grew 30.7% vs UVs 23.5% in Apr-May, indicating affordability returning.
- Scooters (27%) outpaced motorcycles (17.9%); cargo 3Ws grew 40.1% vs passenger carriers 30.5%.
- Vehicle exports rose 34.1% vs domestic 22.1%; manufacturers using exports for incremental growth.
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Automakers step in as supply chain talent crunch bites
Business Line, 18 June 2026
- Labour shortages at suppliers forced production cuts of up to 15% at Mahindra.
- Industry short of skilled workers in right places; EV transition faster than workforce capability.
- OEMs helping suppliers recruit/train workers, strengthening apprenticeship programmes.
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TaMo Plans ₹40,000-cr Investment to Double PV Volumes by FY31
The Economic Times, 24 June 2026
- TMPV plans ₹37,500-40,000 crore investment over FY27-FY31 to double volumes to 1.2 million units.
- Targeting 20% market share; expanding capacity from 9 lakh to 13 lakh units.
- Aims 30% EV penetration with 10 EV models; expects ₹1.4 lakh crore revenue and 10% EBITDA margin by FY31.
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Domestic CV sales to see moderate growth of 4–6% in FY27: ICRA
Business Line, 27 June 2026
- ICRA projects 4-6% wholesale volume growth for CVs in FY27; M&HCV trucks 1-3%, LCV trucks 6-8%, buses 7-9%.
- May wholesale volumes up 13.5% YoY but down 1.1% sequentially; retail up 5.3% YoY.
- Rural CV retail growth outpacing urban, indicating demand broadening beyond metros.
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With Iveco in its Fleet, TaMo CV Sales may Hit $35-40 b in 5 Years
The Economic Times, 30 June 2026
- Tata Motors expects combined revenue with Iveco to reach $35-40 billion in 5 years from ~$25 billion.
- Iveco acquisition expected to close before September; funded through debt and internal cash, no equity dilution.
- Iveco's LCV, bus, and engine tech creates synergies; strengthens Europe and Latin America presence.
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Delhi EV policy ignites sharp rally in Ather Energy and Ola Electric
Business Line, 1 July 2026
- Delhi EV Policy 2026 mandates only e-3Ws from Jan 1, 2027 and e-2Ws from April 1, 2028.
- 100% exemption on road tax/registration for EVs priced below ₹30 lakh.
- Ather (+5.24%), Ola (+8.37%) rallied; SBI Securities says Ather, TVS, Bajaj, Sona BLW, Minda Corp key beneficiaries.
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AI-led memory demand pushes up costs for electric vehicle industry
Business Line, 17 June 2026
- AI data centre demand causing RAM shortages and price surges for EV manufacturers.
- Memory prices up by "tens of dollars"; component costs up ~5% for some manufacturers.
- EVs function as "mini computers on wheels"; memory prices spike plus rare-earth magnet and lithium-ion inflation.
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e2W makers step up on capacity as demand zooms
Business Standard, 19 June 2026
- e2W retail sales rose from 122,812 units (Jan) to 170,733 units (May); May YoY growth 62.7%.
- Waiting periods of 2-4 weeks for high-demand variants like TVS iQube higher-range models.
- Ather building Factory 3.0; Hero doubling VIDA capacity; Bajaj flagged supply-chain issues affecting 10-15% demand.
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TaMo secures orders for over 3,400 electric CVs
Business Standard, 22 June 2026
- Tata Motors secured orders for 3,400+ eCVs: ~2,000 small CVs/pick-ups, 900 trucks, 500 buses.
- Orders span e-commerce, logistics, FMCG, cement, steel, mining, tarmac, and passenger transport.
- Signals shift from pilot programmes to scaled operational integration of EVs.
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Bajaj Auto asks Maha govt to clear its dues
Business Standard, 23 June 2026
- Bajaj seeks ₹60-70 crore in pending EV subsidies from Maharashtra government.
- Evaluating Tamil Nadu and Karnataka for new manufacturing expansion (e-2W and e-3W plants).
- Raised concerns over non-issuance of eligibility certificates under Maharashtra's Package Incentive Scheme.
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India's electric freight market enters next growth phase
Business Line, 24 July 2026
- eCV registrations jumped 154% YoY to ~6,600 units in Q1 CY26; Tata Motors orders 3,400+ eCVs.
- Adoption expanding beyond last-mile into cement, steel, mining, FMCG, and logistics.
- Fleet operators buying EVs as business assets, not pilots; policy support reinforcing growth.
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China's EV Exports in May Rise 50% On-yr, to Reach Record High
The Economic Times, 25 June 2026
- China's EV exports reached $9.2 billion in May, up nearly 50% YoY (all-time high).
- Higher oil prices from Iran war bolstered interest in China's clean-energy products.
- Solar PV exports down 51% after tax rebate expiration; battery exports down 16%.
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One size cannot rate India's e2W ride: Siam
Business Standard, 26 June 2026
- Siam opposes BEE's draft five-star rating using Vietnam (1.6 kWh) as benchmark vs India's 2.91 kWh.
- Proposes India-specific star-rating based on Indian e2W data and usage patterns.
- Plans to finalise framework by Feb-Mar 2027; shifting to World Motorcycle Test Cycle from Oct-Nov.
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Fragmented EV platforms hinder localisation, economies of scale
Business Line, 27 June 2026
- IEEFA-JMK report: fragmented OEM-specific designs hindering standardisation and economies of scale.
- India's production volumes ~85% lower than China; local suppliers face 20-30% cost disadvantage.
- Report urges component standardisation, semiconductor/rare-earth supply chain development, and more R&D investment.
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Delhi sets countdown for ICE 2W, 3W phaseout
Business Standard, 30 June 2026
- Delhi EV Policy 2.0: ICE 3W/N1 LCV registrations stop Jan 1, 2027; ICE 2W registrations stop April 1, 2028.
- Strong hybrid tax concessions dropped; only EVs get 100% road tax/registration exemption.
- ₹15,000 crore allocation: ₹7,000 crore for EV adoption, ₹8,000 crore for infrastructure and tax exemptions.
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Gujarat unveils flexible five-year industrial policy
Business Line, 16 June 2026
- "Choose Your Incentive" regime; units can select benefits aligned with investment requirements.
- Focus on green hydrogen, battery storage, electric mobility, aerospace, semiconductors, robotics.
- Micro unit investing ₹1 crore can get ₹25-45 lakh incentives; relocation incentives for units within city limits.
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Commerce Dept plans export roadmaps for 20 priority markets
Business Line, 22 June 2026
- Preparing detailed export strategies for 20 focus markets including US, UK, Germany, UAE, China, Japan.
- Six high-growth sectors: engineering, electronics, textiles, pharma, chemicals, agriculture.
- Seeking industry inputs on tariffs, regulations, logistics bottlenecks, and compliance challenges.
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Govt lifts restrictions on commercial LPG supply
Business Line, 26 June 2026
- All sectoral restrictions on non-domestic LPG removed; supply restored to pre-crisis levels.
- Bulk LPG supply relaxed by 50%; hotels/restaurants get 100% supply, large industries only 50%.
- Signals normalisation after Strait of Hormuz disruption during West Asia conflict.
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MSMEs grappling with talent crunch, rising compliance costs
Business Line, 26 June 2026
- MSMEs struggle to retain skilled workers; larger companies poach trained talent with higher salaries.
- Gap between educational institutions and industry needs; practical skills more valuable than formal qualifications.
- Panel calls for cluster development, better employee engagement, and viewing compliance as growth enabler.
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E100 push could trigger a ₹50,000 cr investment in the auto industry
Business Line, 25 June 2026
- E100 could trigger ₹37,000-50,000 crore industry spending: ₹22,000-30,000 cr engineering costs + ₹15,000-20,000 cr testing/manufacturing upgrades.
- Flex-fuel vehicles expected only low single-digit market share by 2030.
- CAFE III super-credit: 1.1 for E100 vs 3.0 for BEVs; ethanol addresses energy security, not emissions.
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Engineering goods exports rise 24.48% in May to $12.31 billion
Business Line, 27 June 2026
- May engineering exports up 24.48% YoY to record $12.31 billion; 27.2% of India's merchandise exports.
- WANA exports jumped 44.3% to $2.06 billion despite geopolitical tensions.
- US remains largest destination; cumulative Apr-May exports up 16.8% to $22.66 billion.
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India sets 30% fuel-efficiency target for trucks with new Bharat VECTO norms
Business Line, 27 June 2026
- Bharat VECTO proposes 30% fuel-efficiency improvement for M&HCVs between April 2027 and March 2032.
- Replaces lab testing with real-world simulations; LCVs covered for first time.
- Targets will encourage aerodynamics, intelligent transmissions, electrification, and alternative fuels.
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New Transport Ministry cybersecurity guidelines may increase connected vehicles' costs by ₹10,000-15,000
Business Line, 29 June 2026
- Draft rules mandate AIS-189 (CSMS) and AIS-190 (SUMS) compliance; implementation from Oct 1, 2026 for Level 3 vehicles.
- Could add ₹10,000-15,000 per vehicle through secure electronics, software validation, and lifecycle support.
- Aligns India with EU, Japan, South Korea cybersecurity regulations.
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