New Delhi, May 2 (IANS) India’s auto sector saw a demand‑led but uneven recovery in FY26, driven by urban market demand and premiumisation while rural demand saw some headwinds, a new report has said.The report from Deloitte India said two‑wheelers led the recovery, with wholesale volumes up 10.7 per cent year‑on‑year and retail sales rising 13.4 per cent.Passenger vehicles continued the premiumisation trend, with mid-size entry segments gaining share and traditional entry-level segmen…
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Ahmedabad, April 27 (IANS) Adani Total Gas Limited (ATGL) on Monday reported a 9 per cent year-on-year (YoY) increase in its net profit for the quarter of FY26 ended March 31.The company recorded a consolidated net profit of Rs 168.34 crore in the March-ended quarter (Q4 FY26), compared to Rs 154.59 crore in the corresponding period previous financial year (Q4 FY25), according to its stock exchange filing.On a sequential basis, profit rose 8 per cent from Rs 157.22 crore in the December quarter….
New Delhi, April 24 (IANS) Europe is losing its strategic autonomy as it is getting increasingly dependent on Chinese factories for goods, even for the Green Transition in energy that it is aiming for, according to an article.The article in Brussels Signal highlights that China now controls 80 per cent of the world’s solar panels, 75 per cent of the batteries, and 70 per cent of the electric vehicles, which represents “a total monopoly on the energy and mobility of the next generation”.”This i…
Mumbai, April 23 (IANS) US automaker Tesla reported higher revenue and profit year‑on‑year in Q1 CY2026, buoyed by higher average vehicle prices, services and rise in subscriptions to its full self‑driving (supervised) system.The electric‑vehicle maker said revenue rose to $22.38 billion in the quarter, up 16 per cent from $19.3 billion in previous year, while automotive revenue increased to $16.2 billion from $13.96 billion in the same period of 2025. The auto manufacturer reported net …
New Delhi, April 15 (IANS) Indian commercial vehicle manufacturer Tata Motors Ltd on Wednesday announced the rollout of its 10th lakh vehicle from its Lucknow plant.The rollout also marked three‑and‑a‑half decades of operations in Uttar Pradesh, the company said in a release.In his reaction, Uttar Pradesh Chief Minister Yogi Adityanath said: “The rollout of 10 lakh trucks and buses from Tata Motors’ Lucknow facility is a moment of pride for the entire state. It is a recognition of the st…
New Delhi, April 14 (IANS) Domestic passenger vehicle dispatches to dealers increased by 16 per cent (year-on-year) to 4,42,460 units in March, driven by improved demand and inventory build-up at dealerships, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.Passenger vehicle wholesales had stood at 3,81,358 units in March last year.Two-wheeler dispatches also recorded strong growth, increasing 19.3 per cent to 19,76,128 units last month compared to 1…
New Delhi, April 13 (IANS) The government has accelerated the push for electric vehicles and strengthened domestic capabilities in critical minerals for clean energy technologies to reduce dependence on oil imports amid volatility in global prices and potential disruptions in supply chains due to the West Asia crisis, according to an official statement issued on Monday. Since the onset of the crisis, the Ministry of Heavy Industries has undertaken coordinated measures to sustain the growth of…
New Delhi, April 13 (IANS) Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal on Monday asserted that India is prepared for all contingencies in the wake of disruptions in the Strait of Hormuz, with swift and coordinated measures helping stabilise maritime trade operations.In a conversation with Times Now, Sonowal said the government acted quickly to minimise the impact on India’s supply chains and global trade linkages.In his first remarks following the recent tensions involv…
New Delhi, April 13 (IANS) The government has proposed a softer set of Corporate Average Fuel Efficiency (CAFE) norms for the 2027–2032 period, offering relief to the domestic auto industry, NDTV Profit reported.According to a revised draft prepared by the Ministry of Power in consultation with the Bureau of Energy Efficiency (BEE), the government has moved away from a rigid target framework in favour of a phased tightening approach. The proposal includes a flatter compliance curve, reducing t…
New Delhi, April 11 (IANS) Aiming to boost electric mobility, the Delhi government on Saturday placed its draft Electric Vehicle (EV) Policy 2026 in the public domain for feedback, showcasing proposals ranging from financial incentives to infra push, an official said. The policy mandates only electric three-wheelers to be registered in Delhi from 2027, and two-wheelers from 2028, and proposes extensive financial incentives, tax exemptions, mandatory provisions, and infrastructure boosts to po…