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Targeting 30 pc EV sales by 2030, Bihar govt nod to policy amendments
Bihar is boosting electric vehicle adoption. The state government aims for 30 percent of new vehicle sales to be electric by 2030. Incentives will be offered for electric commercial vehicles, two-wheelers, and four-wheelers. Charging stations will also be established. Additionally, Bihar is launching an Artificial Intelligence Mission to foster innovation and skill development.
PM Modi Orders SPG To Cut His Convoy By Half, Avoid Fresh Car Purchases
PM Modi also called for more electric vehicles in the convoy.
Global headwinds put electric bike companies on price hike path
Electric two-wheeler companies are feeling the pinch. Rising raw material prices and supply chain issues are impacting profits. Companies like Bajaj Auto, Hero MotoCorp, and Ather Energy are warning of price increases. Demand for AI infrastructure is also affecting the supply of crucial components. Consumers may see higher prices for electric vehicles soon.
Kaynes Tech shares fall 9% in two sessions ahead of Q4 results on Wednesday
The 53% topline growth during the quarter for Kaynes is likely to be driven by a combination of smart meters, electric vehicles and the auto sector.
Petroleum Ministry says fuel, LPG stocks adequate amid global supply disruptions; urges citizens to conserve energy
India's Petroleum Ministry confirms stable fuel supplies despite global energy challenges. Crude oil inventories are secure, refineries operate at peak capacity, and no fuel shortages are reported nationwide. The government urges citizens to conserve fuel by using public transport, carpooling, and opting for electric vehicles. These measures aim to ease the nation's economic burden and reduce import dependence.
Hyundai Motor India shares gain up to 4% after EV, SUV pipeline keeps Street positive
According to CLSA, Hyundai's guidance of 8-10% volume growth in FY27 will likely be supported by capacity ramp-up and the launch of two new vehicles, including a compact electric SUV and a mid-size SUV.
The three auto names that are reacting positively to PM Modi's Sunday speech
In his public address in Hyderabad, the Prime Minister urged citizens to use electric vehicles, thereby cutting down on the use of petrol and diesel, which is a key imported commodity by India.
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.
Why India’s EV logistics push has a missing link, and what can fix it
India's logistics sector is rapidly adopting electric vehicles to cut costs and emissions, driven by government support and environmental concerns. However, the real challenge now lies in efficient fleet operations, not just vehicle deployment. Companies must master managing uptime, charging, and route planning to succeed in the EV era, as operational discipline will define future winners.
India's power demand to rise by 5 to 5.5 percent in FY27: ICRA
India's power demand is set for a significant rise of 5.0-5.5 percent in 2026-27. This growth will be fueled by industrial, commercial, agricultural, and household sectors. Emerging sources like electric vehicles and data centers will also contribute. Thermal plant utilization will stay steady. Distribution companies face challenges with high debt and muted tariff hikes, impacting their profitability.
India's auto demand to hold steady for 2-3 quarters, but global risks loom over exports, margins
India's auto sector is set for continued strong demand for the next 2-3 quarters. Elevated growth is anticipated through CY26. This positive trend is supported by improving affordability and rural sentiment. Key segments like passenger vehicles, commercial vehicles, and two-wheelers are showing robust volume increases. Electric vehicle adoption is also gaining significant momentum across the industry.
Sona Comstar sets sights on acquisitions, EV-focused order book to drive growth
Sona Comstar is actively seeking acquisitions to utilize its substantial cash reserves. The auto-components maker is building on a large order book, with a growing emphasis on electric vehicles. The company is open to deals up to ₹2,000 crore or more, targeting technology and new product adjacencies. While domestic acquisitions are preferred, international options are not ruled out.