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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.
EV demand charges ahead but supply runs low
India's electric car and two-wheeler demand has nearly doubled. High fuel prices are driving consumers to switch. This surge has created a significant demand-supply imbalance. Companies are struggling to meet orders. Suppliers face manpower shortages and supply chain disruptions. This is impacting production capacity for electric vehicles across the country.
Tata AutoComp, Jahwa Electronics forge JV to manufacture heaters for EVs
Tata AutoComp Systems has partnered with Korea's Jahwa Electronics. They will jointly manufacture advanced PTC heaters for electric and hybrid vehicles in India. This venture positions India as a key hub for Jahwa. It aims to supply both low-voltage and high-voltage PTC heaters. This move supports the growing investments in India's EV and hybrid vehicle markets.
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.
Nissan unit Jatco scraps EV powertrain plant plan in UK amid weak demand
Nissan's subsidiary Jatco has cancelled plans for electric vehicle powertrain manufacturing in Sunderland, Britain. This decision stems from lower than expected demand for Nissan's electric vehicles across Europe. The move follows Nissan's earlier announcement to reduce its global auto production plants. This impacts future manufacturing strategies for electric vehicle components in the UK.
Hero MotoCorp confident of strengthening leadership, riding on new launches, e-scooter sales: CEO Harshavardhan Chitale
Hero MotoCorp expects to maintain its market leadership and deliver double-digit growth in FY27, driven by strong demand for scooters, electric vehicles, exports and premium motorcycles, CEO Harshavardhan Chitale said.
Fuel price hikes, West Asia tensions push Indian businesses towards EV transition
Rising crude oil prices are pushing India towards electric vehicles. Businesses are seeking stable operational costs. This shift is driven by economic necessity. Geopolitical instability in West Asia adds to concerns about fossil fuel dependence. India's EV adoption looks strong, driven by policy and cost savings. Fleet operators prefer local EV solutions.
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.
Honda to roll out over 10 new vehicles in India, including EVs and Hybrids
Honda is set to introduce more than ten new models in India. These will include petrol, hybrid, and electric sports utility vehicles. The company aims for accelerated growth in India, a key global market. Honda will also leverage its two-wheeler business to transition customers to passenger vehicles. New models will focus on sub-4 metre and midsize segments.
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.