TVS Motor Company has signed a memorandum of understanding with Indian Oil Corporation Limited to strengthen last-mile LPG cylinder distribution through sustainable commercial mobility solutions. Under the partnership, TVS Motor will work with IndianOil’s network of over 13,000 LPG distributors across the country, enabling the adoption of the TVS King Kargo HD electric cargo vehicles […]
India’s commercial vehicle and three-wheeler segments both had a strong June 2026, with total registrations hitting record highs across both categories. Freight demand, e-commerce growth, and the continued expansion of last-mile mobility drove volumes upward, while the accelerating shift toward electric vehicles added a new dimension to the competitive landscape. Established leaders held their ground, […]
Piaggio Vehicles has expanded its electric passenger vehicle lineup in India with the launch of the Apé WavE, a new electric three-wheeler aimed at the rapidly growing affordable passenger EV segment. 2,55,000-ex showroom Pune, the Apé WavE is available through Piaggio dealerships across India and is designed primarily for shared mobility operations, fixed-route transportation, and […]
India’s automotive sector closed June 2026 on a strong note, with broad-based growth across passenger cars, two-wheelers, commercial vehicles, and tractors. Several manufacturers posted record monthly or half-yearly sales figures, electric vehicle volumes continued their sharp upward trajectory, and export numbers added further momentum to an already encouraging picture. From mass-market scooters to heavy trucks, […]
India’s electric two-wheeler and three-wheeler segments delivered strong performances in May 2026, with both categories recording meaningful year-on-year growth and expanding market share — further evidence that electric mobility is moving well beyond the early-adopter phase in the country. E2W Total electric two-wheeler retail registrations reached 1,70,733 units in May 2026, an 8.53% sequential rise […]
Piaggio Vehicles Pvt Ltd has signed a memorandum of understanding with State Bank of India’s Lucknow circle to offer interest-free financing for three-wheelers to young entrepreneurs in Uttar Pradesh under the State government’s CM Yuva Yojna scheme. The partnership will be supported by SBI’s network of over 1,600 branches across central and eastern Uttar Pradesh […]
Adoption patterns across EV segments are increasingly being shaped by a single underlying factor: the strength of unit economics and how closely the asset is linked to daily income generation. Not very long ago, electric vehicles (EVs) were often seen as expensive alternatives, attracting only early adopters and technology enthusiasts. Today, that picture is changing […]
Mahindra & Mahindra Ltd. (M&M Ltd.) reported total vehicle sales of 99,636 units in May 2026, registering a 20% year-on-year growth, including exports. The company’s Utility Vehicle (UV) segment continued to drive performance, with 58,021 SUVs sold in the domestic market, reflecting an 11% growth over the corresponding period last year. Including exports, total UV […]
India’s electric vehicle (EV) market delivered another strong year in FY2025–26, with total registrations surpassing 25 lakh units – a 24% year-on-year increase. EV penetration reached approximately 8.5% of total registrations, up from 7.7% in the previous financial year. While this reflects a steady strengthening of EV adoption, the market still remains short of the […]
Hyundai Motor Company and TVS Motor Company Ltd. have signed a Joint Development Agreement (JDA) to co-develop and commercialise electric three-wheeler (E3W) solutions tailored for India’s last-mile mobility needs, marking a significant step in the evolution of sustainable urban transport. The partnership follows the unveiling of a concept E3W at the Bharat Mobility Global Expo […]
India’s electric mobility landscape received a significant boost with the launch of the Light Electric-vehicle Acceleration Forum (LEAF), a neutral, industry-led consortium aimed at strengthening the EV charging ecosystem for two- and three-wheelers. The forum was inaugurated by Union Minister for Heavy Industries and Public Enterprises, Mr. H. D. Kumaraswamy. As EV adoption gathers pace, […]
Electric vehicle retail momentum in India remained strong in February 2026, with year-on-year growth recorded across all major segments. According to data released by the Federation of Automobile Dealers Associations (FADA), electric two-wheelers, passenger vehicles, three-wheelers and commercial vehicles all registered healthy growth, although overall EV penetration remained largely stable due to the faster expansion […]
India’s automotive industry continued its growth momentum in February 2026, with strong demand across passenger vehicles, two-wheelers, commercial vehicles and tractors. Several leading manufacturers reported robust year-on-year increases, reflecting sustained consumer confidence, improving rural demand and steady expansion in exports. Commercial Vehicles & Off-highway In the commercial vehicle segment, Tata Motors Limited reported total domestic and international CV sales […]
Mahindra Last Mile Mobility has unveiled the Mahindra UDO, an all-new electric three-wheeler that marks a decisive shift in the evolution of India’s L5 passenger carrier segment. With an introductory price of ₹3.58 lakh (ex-showroom), the company is positioning the UDO not merely as a product upgrade, but as a category reset: combining long-range capability, […]
TVS Motor Company posted its strongest-ever quarterly performance in Q3 FY2025-26, powered by robust growth across motorcycles, scoote₹, electric vehicles and international markets. For the quarter ended December 2025, operating revenue jumped 37% to ₹ 12,476 crore, compared to ₹ 9,097 crore in the same period last year. Operating EBITDA rose 51% to ₹ 1,634 […]