Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Ola Electric sees 23 pc growth in monthly registrations in May
Ola Electric saw a significant jump in vehicle registrations last month. May Sales increased by 23 percent compared to April. This growth outpaced the overall electric two-wheeler market. The company attributes this success to retail changes and better operations. Rising petrol prices are also encouraging more buyers to switch to electric vehicles. Ola Electric is focused on expanding electric vehicle adoption.
EV sales in fast lane but Motown treads the middle path
Indian carmakers are not betting on electric vehicles alone. They are developing a mix of petrol, diesel, hybrid, CNG, and flex-fuel options. This strategy balances growth with risks. Automakers are preparing for various scenarios due to evolving regulations and consumer preferences. This approach requires significant investment across multiple technologies and manufacturing ecosystems.
Tata Motors sees EV bookings surge 2.5x as fuel prices rise
Rising fuel prices are significantly shifting buyer preference towards electric vehicles, with Tata Motors reporting a 2.5 times increase in EV bookings. The company is positioning the new Tiago EV as a financially sound investment, promising cost recovery within four to five years, supported by a segment-first lifetime battery warranty.
Electrification, renewable energy and data centres growth drivers: Hitachi
Hitachi Energy India is set to inject Rs 2,000 crore into expanding its manufacturing capabilities, driven by the surging demand for power from electric vehicles, renewable energy sources and data centers. This initiative positions the company at the forefront of Asia's second-largest economy, anticipating significant growth opportunities.
Honda to drive in over 10 new models by 2030
Honda is set to introduce more than ten new models in India. This includes sports utility vehicles with petrol, hybrid, and electric powertrains. The company will launch its first electric vehicle in the latter half of the current financial year. Compact and mid-sized SUVs are also planned, with local manufacturing. India is a key market for Honda's future growth.
Tesla to establish sales and service centre in Hyderabad
Electric vehicle maker Tesla is preparing to open a sales and service centre in Hyderabad. Representatives met with Telangana's IT Minister D Sridhar Babu. The state government highlighted its strong ecosystem for electric vehicles and advanced technologies. This move signifies Tesla's expansion plans in India. The minister invited Tesla to explore further investment opportunities in Telangana.
Looking to bring more than 10 new models in India by 2030: Honda Cars India
Honda is set to introduce more than ten new models in India by 2030. This includes electric vehicles and compact SUVs. The company sees India as a key growth market. Honda will launch its first full electric vehicle in the second half of this fiscal. The company aims for double-digit growth in India this year.
Uber, JSW Group tie up to deploy EVs in India's ride-hailing market
Uber has allied with JSW Group to spearhead a new era of electric mobility in India, focusing on enhancing the ride-hailing experience through the integration of electric vehicles. This strategic partnership is being seen as pivotal in promoting the use of EVs across the nation.
Challenging times for Indian auto even as long-term demand trends hold: Assocham's Nirmal Minda
India's automotive industry is facing the dual challenge of escalating costs and uncertainties in global trade. Yet, the future looks good with robust long-term demand and a significant pivot towards electric vehicles, says Assocham president Nirmal Minda.
Adani Power vs. Green vs. Energy: Why mutual funds are betting billions on this electrification trio
Indian mutual funds are significantly increasing their stakes in Adani Power, Adani Green Energy, and Adani Energy Solutions. This strategic shift indicates a strong conviction in India's electrification drive. These companies are seen as key players in meeting the nation's growing demand for electricity driven by data centers, electric vehicles, and manufacturing.
Iran war effect: Leading EV two-wheeler makers accelerate expansion amid petrol price worries
Major electric scooter companies are rapidly increasing production capacity. This expansion aims to meet a surge in demand for eco-friendly vehicles. Combined monthly output is expected to nearly double by the end of the fiscal year. This signals a shift towards mass-market adoption. Companies are navigating challenges while betting on strong future growth.
Jaguar Land Rover profit wiped out by cyberattack, US tariffs
Last year proved challenging for Jaguar Land Rover, as nearly all profits evaporated due to US tariffs, reduced demand from China, and a devastating cyberattack. In a bid to reclaim its market position, the renowned luxury car brand is gearing up to introduce an exciting lineup of electric vehicles, including new electric Jaguars and Range Rovers.