Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Carmakers pare discounts as GST cut revives small-car demand
Car manufacturers are scaling back discounts on budget-friendly hatchbacks and entry-level models, indicating a robust recovery in mass-market demand following GST rate reductions. Maruti Suzuki and Tata Motors have significantly lowered or removed incentives on popular models like the Wagon R, Baleno, Tiago, and Punch. This shift reflects renewed confidence in affordable vehicles, with sales of smaller cars showing a substantial uptick.
EV demand surges in India as fuel prices rise; Maruti, Mercedes-Benz face delivery delays
Electric car demand is surging across India. Manufacturers are unable to meet this sudden rise, causing wait times of up to three months for popular models. This shift is driven by increased fuel prices. Companies like Maruti, Mercedes-Benz, and BMW are experiencing unprecedented interest in their electric vehicles. Supply chain issues are now limiting production more than customer interest.
Mahindra's SUV output dips up to 15% in June amid supply chain worker crunch; XUV 7XO, Thar production hit
Mahindra & Mahindra is experiencing a significant drop in SUV production. A shortage of contract workers is affecting key parts suppliers. This issue is impacting factory operations for popular models. The automotive industry across India faces similar labor challenges. Companies are adapting through automation and worker retention strategies. Demand for new vehicles remains strong, compounding these production pressures.
Popular Vehicles & Services reports consolidated net loss of Rs 4.96 crore in the March 2026 quarter
Sales rise 27.84% to Rs 1754.45 crore
BS7 norms may finally end diesel's last stronghold in Indian SUVs
Diesel engines remain popular for Indian SUVs, offering torque and efficiency for long drives. However, upcoming BS7 emission standards will significantly increase costs. This could force buyers to reconsider diesel, potentially shifting them towards CNG, hybrid, or electric vehicles. Automakers are also diversifying their powertrain options to cater to evolving customer needs and regulatory changes.