ICRA Limited expects the Indian Passenger Vehicle industry to witness 4–6% volume growth in FY2027, supported by sustained demand momentum, improving affordability following GST rate cuts, and continued traction in utility vehicles. The moderation growth in passenger vehicle wholesale volumes recorded a strong 27% year-on-year growth in May 2026, reaching 4.4 lakh units, while retail sales grew 33% YoY, […]
The Society of Indian Automobile Manufacturers organised its 6th International Conference on Climate Action on World Environment Day, bringing together policymakers, industry leaders, academia, and sustainability experts to discuss strategies for accelerating India’s transition to a low-carbon future. The conference, themed “Climate Action: Accelerating India’s Transition to a Low-Carbon Future,” reaffirmed the automobile industry’s commitment […]
Maruti Suzuki India Limited has stepped up its efforts to promote gender diversity, significantly increasing the participation of women in core manufacturing roles across its Gurugram and Manesar facilities over the past two years. The company has been actively hiring women for vehicle manufacturing and engine-transmission operations, where they are engaged in critical functions such […]
Relux Electric reported strong growth, with revenue rising to ₹22.5 crore this year from ₹10.7 crore last year. The company has sustained a strong upward trajectory over the past three consecutive years, underscoring consistent business momentum. It has also registered three consecutive years of positive EBITDA and Profit After Tax (PAT), reflecting strong financial discipline […]
Behind this strong growth, each OEM is charting its own course, with distinct strategies and varying levels of success. India’s electric passenger vehicle (EV PV) market has entered a decisive growth phase in FY26, with retail volumes rising sharply to nearly 2 lakh units—an impressive 83.6% year-on-year increase. At the same time, EV penetration in […]
CEAT, one of India’s leading tyre manufacturers, hosted women fleet owners from across the country for a curated engagement programme in Chennai aimed at fostering industry dialogue, knowledge exchange, and a deeper understanding of tyre manufacturing and product development processes. Participants representing various regions experienced an immersive visit to CEAT’s state-of-the-art Chennai plant, designated as […]