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EV retail sales at all-time high of 3,06,220 units in June, penetration cross 12 pc: FADA
Electric vehicle retail sales in India reached an all-time high of 3,06,220 units in June. This growth pushed overall EV penetration past twelve percent for the first time, says the Federation of Automobile Dealers Associations. The two-wheeler segment led this surge, registering substantial year-on-year increases. Electric passenger and commercial vehicles also saw their best-ever months. Electrification has now moved decisively into the mainstream of Indian auto retail.
One attack, one warning: The world's energy lifeline is still vulnerable
An attack on a Qatari LNG carrier in the Strait of Hormuz has raised concerns. This incident suggests ongoing threats to commercial shipping in the vital waterway. Energy markets may face potential repeated disruptions rather than widespread conflict fears. The dispute over Hormuz control remains unresolved, impacting global energy supplies.
Auto retail sales surge 22% to record 2.56 million in June; Dealers expectgrowth momentumto continue withrains picking up
Vehicle retail sales reached a record high in June, showing a significant year-on-year increase. This robust growth was supported by strong demand across various vehicle segments. Improved supplies and easing crude oil prices are expected to sustain this positive momentum. Two-wheeler sales saw a notable rise, with electric models gaining significant market share. Rural markets demonstrated strong traction in commercial vehicle sales, indicating broad economic recovery.
Not sensors or AI, why revolving tyres may become the next big thing in vehicle safety
Future car safety is shifting from reacting to problems to predicting them, with a new focus on understanding tyre grip and road conditions in real-time. Instead of adding more hardware, software could analyze existing vehicle data to estimate traction limits before a car loses control. This innovation promises safer driving, especially in challenging conditions, without increasing manufacturing costs.
Tata Motors-Iveco revenue to be $35-40 billion in 5 years: N Chandrasekaran
Tata Motors is projecting a remarkable revenue growth of $35-40 billion in its commercial vehicle sector over the next five years from its acquisition of Iveco Group, chairman N Chandrasekaran said. This strategic decision, expected to finalise by September, aims to enhance Tata Motors' global reach with synergistic products and cutting-edge technologies.
Tata Motors CV bets on Iveco deal to prop up local, global play
Tata Motors is targeting a 40% domestic commercial vehicle market share by FY28, bolstered by the proposed $4.5 billion acquisition of Italian firm Iveco. This strategic move aims to unlock new markets, products, and technologies, complementing Tata's existing presence. The company also sees strong domestic recovery, achieving its highest heavy commercial vehicle market share in a decade and maintaining double-digit Ebitda margins despite cost pressures.
Tata Motors CEO says India growth story will outweigh West Asia war impact on CV demand in long term
Tata Motors anticipates short-term headwinds for commercial vehicle demand due to West Asia war-induced diesel price hikes. However, MD & CEO Wagh remains optimistic, citing India's strong macro-economic growth as a long-term driver for increased road freight and commercial vehicle demand. He also highlighted government initiatives like electrification incentives as positive factors for the industry's future.
Tata Motors CV bets on global expansion, EVs and digital businesses for next phase of growth
Tata Motors' commercial vehicle division is charting an ambitious growth path, prioritizing global expansion, electric vehicles, and digital services. The company aims to leverage the proposed Iveco acquisition for wider market access and product diversification.
Stocks to Watch today: RVNL, HFCL, Gujrat Gas, Hudco, Lupin, Hexware Tech
Stock to Watch today, June 18: ZF Commercial Vehicle Control Systems India, Lemon Tree Hotels, Anik Industries, and Balkrishna Industries are among the top stocks to remain in focus
Bharat Forge arm unveils Simha 4x4 armoured vehicle at Eurosatory 2026
Bharat Forge's Kalyani Strategic Systems unveiled the Simha 4x4 armoured vehicle at Eurosatory 2026 in Paris, designed with Paramount for global markets.
Government scraps licensing rule for vehicle safety technology
India has taken a bold step by deregulating key radio frequencies, paving the way for innovative advancements in self-driving and collision-avoidance technologies in vehicles. Car manufacturers are now empowered to integrate cutting-edge global safety technologies, significantly enhancing road safety. Additionally, a novel framework is on the horizon for vehicle communication, designed to optimize traffic management and smarter transportation systems.
India restricts sale of high speed diesel and motor spirit from retail outlets
India has placed restrictions on institutional and commercial buyers of fuel. These customers must now source motor spirit and high-speed diesel from their own consumer pumps. The measure is in effect for an initial period of up to 90 days. Retail outlets are also limited to selling a maximum of 200 litres of high-speed diesel per customer or vehicle daily.