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Big Carmakers Absorb Commodity Shocks to Keep Production on Track
The Economic Times, 3 August 2026
- Maruti, Hyundai, M&M absorbing commodity cost rises to prioritise production over margins.
- Maruti shifted supplier settlement from quarterly to monthly; M&M took 2.7% price hike in July.
- Maruti operating EBITDA fell 6.7%; M&M automotive PBIT margin narrowed to 8.9% from 10.8%.
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M&M eSUV biz shifts gear from ₹101 cr loss to ₹288 cr profit in a yr
Business Standard, 3 August 2026
- eSUV business swung from ₹101 cr loss in Q1FY26 to ₹288 cr PBIT in Q1FY27 (+860 bps margin).
- Revenue up 77% to ₹5,430 crore; EBITDA up 5x to ₹613 crore (margin 11.3%).
- XEV 9S highest-selling EV by wholesale volumes despite premium pricing.
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Honda emerges as largest 2-wheeler OEM in July's retail registrations
Business Line, 4 August 2026
- Honda topped July retail registrations with 4,49,473 units (+23% YoY), overtaking Hero (4,19,456 units).
- Overall 2W registrations up 22.3% YoY to 17.34 lakh units; seasonal moderation from June.
- TVS third with 3,57,819 units (+27.4%); Royal Enfield +25.3% to 90,501 units.
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Maruti Suzuki banks on new plants, CNG push to sustain growth
Business Line, 4 August 2026
- Record July sales of 2,00,123 units; only two other global brands achieved this in home markets.
- Small car sales +63%, SUV +48%; CNG sales hit record 83,000 units.
- Pending order book 1.6 lakh units; new plants at Hansalpur and Kharkhoda easing supply constraints.
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Auto-PLI Disbursals Likely to Touch ₹4,000 cr in FY27
The Economic Times, 4 August 2026
- Govt expects ~₹4,000 crore disbursal under Auto-PLI scheme this fiscal for FY26 incremental sales.
- Bajaj Auto first to receive ~₹750 crore; incentive against ~ 6,000 crore incremental sales.
- Cumulative investment under scheme reached ~₹30,000 crore (70% of five-year target).
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Auto firms get more runway for connected-car tech
Business Standard, 5 August 2026
- Mandatory V2V communication systems rollout from October 2028; industry welcomes timeline.
- Technology uses C-V2X in 5.875-5.925 GHz band for real-time safety information exchange.
- Adequate time for supplier preparation, validation, and testing; interoperability across OEMs critical.
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E20 effect: Petrol car mkt share declines
Business Standard, 7 August 2026
- Petrol car market share fell to record low 41.68% in July; alternative fuel share reached 40.59%.
- CNG led with 24.67%, hybrids 8.02%, EVs 7.90%; diesel share flat at 17.73%.
- Consumer hesitation around E20 transition nudged buyers towards CNG, hybrids, EVs.
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Auto retail sales soar 26% in record July: FADA
Business Line, 7 August 2026
- July retail sales hit 25,91,138 units (+26% YoY); every single category posted best-ever July.
- Two-wheeler crossed 18 lakh mark; PV crossed 4 lakh for first time.
- e-2W share touched record 11.24%; dealers optimistic for August festive curtain-raiser.
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Connected car systems: Averting disasters or a freeway for hackers?
Business Line, 7 August 2026
- V2V communication creates new attack surface; hackers can spoof, manipulate, or jam messages.
- Cybersecurity experts call for standardised protocols, encryption, and rigorous testing.
- Real value lies in intelligent mobility network connecting vehicles, infrastructure, emergency services.
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Car sales to hit 6.3 million units by FY31, small cars to grow faster
Business Line, 10 August 2026
- RC Bhargava projects car industry to grow to 6.1-6.3 million units by FY31; small car growth accelerating.
- MSIL Q1 sales grew 38% vs industry 28%; small car sales up 35% in Q1.
- Board approved four CBG projects with ₹561 crore; biogas to provide zero emission fuel.
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Tata Motors CV Q1 profit jumps 83% as revenue rises 19%
Business Line, 13 August 2026
- Q1 consolidated PAT up 83% to ₹2,600 crore; revenue up 19% to ₹20,667 crore.
- Commodity impact ~3.8% in Q1; raised prices 2% in April and 2.5% in July.
- EV order pipeline 3,400+ units; expects Iveco acquisition closure by early November.
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July saw strongest-ever monthly auto sales: SIAM
Business Line, 14 August 2026
- July PV sales up 34% to 4,57,810 units; three-wheeler +33% to 92,560 units.
- Two-wheeler sales up 23% to 19.23 lakh units; positive momentum entering festive season.
- Growth marks continued momentum for manufacturers ahead of festive period.
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Mahindra targets 5% heavy truck mkt share; to add 15 dealerships
Business Standard, 15 August 2026
- Targeting HCV market share rise from 3-3.5% to 5%; current sales ~6,000-7,900 units annually.
- Plans 15 new dealerships over 12 months in eastern and western India.
- Will leverage SML Mahindra network for heavy truck presence; creating unified CV entity.
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TVS tops July e-2W retail registrations as EV sales jump 76.6%
Business Line, 1 August 2026
- July e2W registrations up 76.6% YoY to 1,91,614 units; penetration near 11% (from 7.6%).
- TVS led with 52,035 units (+120.5%); Bajaj 43,137 (+109.8%); Ather 28,540 (+60%).
- Ola declined 29.1% to 13,085 units; Greaves surged 124.8%.
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e2W sales cross 1 mn in record 7 months of 2026
Business Standard, 1 August 2026
- e2W registrations crossed 1 million in record 7 months (Jan-Jul); at this pace, 2 million for full year.
- TVS first to cross 300,000 in 7 months; Bajaj 261,449; Ather 198,628.
- Ola registrations nearly halved to 79,259 from 136,482 in same period 2025.
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Siam seeks fresh extension for eCV localisation
Business Standard, 5 August 2026
- Siam seeks 7-month extension (to April 1, 2027) for eCV traction motor localisation norms.
- China export controls on rare-earth magnets causing supply chain disruption; West Asia crisis worsening.
- PM E-Drive scheme PMP deadline originally Sept 1; already deferred twice.
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July sees record EV retail sales
Business Line, 8 August 2026
- July EV retail sales near 3.28 lakh units (+66% YoY); nearly one in eight vehicles sold electric.
- e2W +88% to 2,04,362 units; ePV +83% to 32,928; eCV +169% to 3,556.
- 3W EV penetration at 65%; eCV share tripled to 3.57%; supply constraints holding back ePV.
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EV prices may rise 10-12% if Hormuz crisis persists
Business Line, 13 August 2026
- TVS Motor executive warns of 10-12% EV price hike in Q4 if Strait of Hormuz remains closed.
- Material costs already up 10-12%; electric components and batteries most affected.
- EV adoption in Gujarat slow due to awareness gaps and charging infrastructure concerns.
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Tractor sales defy monsoon worries, rise 25% in April-July
Business Standard, 12 August 2026
- Tractor retail sales up 25% YoY in Apr-Jul to 3,86,648 units; July highest-ever at 1,17,349 units.
- Mahindra domestic tractor sales +21% in July; Sonalika +27.2%.
- Rural sentiment supported by rainfall recovery, reservoir levels, and healthy farm cashflows.
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HAL Revives Su-30MKI Production at Nashik
The Economic Times, 10 August 2026
- HAL reviving Su-30MKI production at Nashik; 12 new aircraft to be delivered by 2029.
- ₹11,000 crore order; more than 50% indigenous content; first delivery in 2027-28.
- ₹60,000 crore upgrade of existing fleet planned with new radars, EW systems, and indigenous options.
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Centre extends PM E-Drive scheme till FY28; e2Ws get ₹1,000 cr boost
Business Line, 12 August 2026
- PM E-Drive extended to March 31, 2028 with ₹11,900 crore outlay; e2W allocation increased by ~₹1,000 crore.
- Subsidy rate: ₹2,500 per kWh, capped at ₹5,000 per e2W; max ex-factory price ₹1.5 lakh.
- Fund-limited scheme; e-3W (L5) segment already closed after target achievement.
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20 companies in fray for ₹7,280-cr rare earth magnet manufacturing scheme
Business Line, 14 August 2026
- 20 bids received for sintered NdFeB rare earth permanent magnets manufacturing scheme.
- Bidders include L&T, Coal India, Attero Recycling, Lohum Magnets, and Singapore-based NEO Performance Materials.
- Scheme aims to establish 6,000 tpa capacity; critical for EVs, wind turbines, aerospace, defence.
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