Market News
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Auto companies find it difficult to monetise software services after complimentary term ends
Globally, nearly 350 million connected cars are on the road. They account for about a fourth of cars in India and that number is rising. Between 2022 and 2026, features such as remote vehicle access, remote AC control and battery management, driven largely by electric vehicles, have seen rapid growth.
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.
Healthy credit cycle set to keep NBFCs on growth track in Q1
Non-banking finance companies are poised for a strong April-June quarter, with analysts predicting a 20% rise in assets under management. This growth is fueled by robust loan demand, particularly in affordable housing and microfinance, alongside steady commercial vehicle financing. Despite a traditionally slow start, collection efficiency remains high, and falling bond yields are expected to lower funding costs, promising stable profits and continued loan expansion.
Ministry of Road Transport and Highways will introduce new cybersecurity and software update management laws
India is set to mandate cybersecurity and software update management for advanced vehicles. New rules will require passenger cars, commercial vehicles, and tractors with Level-3 or higher automated driving to comply with stringent security measures. Existing models and vehicles receiving over-the-air updates will also need to adhere to these regulations in phases starting October, enhancing vehicle safety against rising cyber threats.
Maruti Suzuki's June sales soar over 19% to 2 lakh units on strong PV demand
Maruti Suzuki India witnessed a significant 19.3% surge in total sales for June, reaching 2,00,390 units. This impressive growth was fueled by strong domestic demand across passenger vehicles and light commercial vehicles, alongside a healthy increase in exports. The company saw notable jumps in sales for its mini, compact, mid-size, and utility vehicle segments, indicating robust consumer interest.
M&M total sales jumps 37% to 1.06 lakh units in June
Mahindra & Mahindra witnessed a robust 37% surge in total sales for June, reaching 1,06,207 units. Domestic SUV sales climbed 28%, while commercial vehicle sales saw a 35% increase. The Farm Equipment Business also reported a 12% rise in tractor sales, with domestic figures showing similar growth. Exports for tractors also experienced an 8% uptick.
Force Motors in pact with road ministry for scheme to modernise Delhi-NCR commercial vehicle fleet
Force Motors has inked a deal with the Ministry of Road Transport & Highways to join the government's commercial vehicle replacement scheme in Delhi-NCR. This initiative, backed by a Rs 9,585-crore fund, encourages replacing older, polluting trucks and buses with BS-VI or electric models. Force Motors will leverage its dealerships to support this transition, aiming to modernize the region's fleet and cut emissions.
Haryana unveils tax breaks to accelerate shift to cleaner commercial vehicles
Haryana is offering a full waiver on motor vehicle tax for new environment-friendly trucks and buses in NCR districts. This initiative targets owners replacing older vehicles with BS-VI, electric, or CNG models. The move aims to significantly cut pollution from commercial transport, a major contributor to Delhi-NCR's air quality issues. This aligns with a broader central government program to modernize fleets and improve air quality across the region.
Centre approves Rs 530 cr for intelligent transport system in Chennai
Chennai is set to revolutionize its traffic management with a Rs 500 crore intelligent transport system. Funded by a loan from Japan, the project will enhance efficiency and handle growing demands. Key features include advanced traffic control at numerous junctions, incident detection, and real-time information systems. The Greater Chennai Corporation anticipates full operation by August 2026, promising a smoother commute for residents.
JSW to flex its own tech for e-buses in fierce race for govt orders
JSW Group is developing its own electric bus platform, vehicle control unit and battery packs to gain a cost and technology edge in India's competitive e-bus market. The move supports aggressive government tender bids and marks a more self-reliant strategy than its passenger vehicle business.
Tata Motors secures orders for over 3,400 eCVs across segments
Tata Motors announced that it has secured over 3,400 electric commercial vehicle (eCV) orders across segments, marking a significant inflection point in the mainstream adoption of electric mobility for both freight and passenger transport in India.
Tata Motors shares jump 2% after receiving order for 3,400 electric commercial vehicles
Tata Motors share price gained over 2% following a significant order for over 3,400 electric commercial vehicles, signaling a major shift towards electric mobility in India's transport sector. The orders span various vehicle types and industries, demonstrating growing customer trust. This expansion, supported by a robust EV portfolio and extensive operational experience, highlights the increasing adoption of electric solutions for freight, logistics, and passenger transport.