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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.
Renault India joins hands with IIT Kanpur for vehicle R&D
Renault India and IIT Kanpur have formed a strategic research partnership. The collaboration will utilize IIT Kanpur's wind tunnel facility for vehicle testing. This initiative aims to enhance Renault's engineering capabilities within India. Advanced aerodynamic and wind-noise testing will be conducted on passenger vehicles. The agreement establishes a framework for commercial engagement and intellectual property.
Uno Minda’s passenger vehicle seating systems push adds a new growth engine
Investors will track if passenger vehicle seating could gain scale similar to Uno’s castings or lighting businesses that contributed 19% and 22%, respectively, to FY26 revenues.
Tata Group targets doubling automotive revenue to $100 billion in five years
Tata Motors targets doubling automotive revenue to $100 billion within five years. Jaguar Land Rover will contribute significantly to this ambitious revenue goal. The commercial vehicle segment is also projected for substantial growth and increased revenue. Tata Motors plans significant investments and new models for its domestic operations. The company aims for increased market share and profitability across its automotive businesses.
SML Mahindra's June CV sales rise 5% YoY to 1,896 units
SML Mahindra reported an 4.92% year-on-year increase in commercial vehicle (CV) sales to 1,896 units in June 2026, compared with 1,807 units sold in June 2025.
SML Mahindra reports higher June production and sales, but exports drop 47%
SML Mahindra reported a 4.9% rise in June commercial vehicle sales and a modest increase in production, while exports fell nearly 47% compared with the same month last year.
Uno Minda shares in focus as firm enters 4-wheeler seating systems segment with Rs 320-crore capex
Uno Minda is expanding into four-wheeler passenger vehicle seating systems. A new manufacturing facility will be established in Maharashtra. This facility represents a significant capital expenditure for the company. Operations are expected to begin in the fourth quarter of FY28. The company has secured an anchor order from a leading OEM.
Uno Minda to invest Rs 320 cr in new plant for four-wheeler PV seating systems
Uno Minda will invest Rs 320 crore in a new manufacturing facility. This plant will enter the four-wheeler passenger vehicle seating systems segment. The facility in Maharashtra is expected to begin operations by Q4FY28. This strategic move aims to increase per-vehicle value potential significantly. The project is a joint venture with Japan's TACHI-S Company Ltd.
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.
Uno Minda to invest ₹320 crore in Maharashtra plant for passenger vehicle seating systems
Shares of UNO Minda Ltd ended at ₹1,127.30, down by ₹9.30, or 0.82%, on the BSE.
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.