EV SALES INDIA
Volvo shifts gears, to offer both EVs & ICE models in India
Volvo Cars India is adjusting its strategy, continuing to offer both electric and internal combustion engine vehicles due to slower EV adoption rates. This reverses their previous plan to go all-electric by the end of the decade. The company acknowledges varying EV adoption across regions and emphasizes the importance of government policies and charging infrastructure for EV growth.
Will consider plug-in hybrid in India if tax structure favourable: Volvo Car India MD
Volvo Car India is open to introducing plug-in hybrid vehicles in the Indian market if the tax structure becomes more favorable. Currently, the company finds the existing tax regulations unconducive for plug-in hybrids.
Kia India sales up 8 pc in July
Kia India experienced an 8% year-on-year sales increase in July, reaching 22,135 units. The Carens Clavis and its EV variant played a significant role in this growth. The company also exported 2,590 units during the month, demonstrating its commitment to meeting the evolving needs of Indian customers with high-quality vehicles.
Maruti Suzuki shares in focus after Q1 beat estimates. Should you buy, sell, or hold?
Maruti Suzuki posted a marginal 0.9% YoY rise in consolidated net profit to Rs 3,792 crore for Q1FY26, with revenue growing 8% to Rs 38,605 crore. On a standalone basis, profit and revenue beat ET NOW estimates, while EBITDA came in higher at Rs 3,996 crore. The performance reflects resilience despite cost pressures and modest top-line growth.
Maruti Suzuki to expand beyond cars: Board clears MoA changes for drones, EVs & more
Maruti Suzuki India has broadened its business scope beyond automobile manufacturing, as approved by its board on July 31, 2025. The company plans to venture into drones, UAVs, and mobility services, including vehicle leasing, EV charging, and used car sales. These changes, reflecting a push towards emerging mobility solutions, will be presented to shareholders at the upcoming AGM.
Forget Tesla: 76% of cars sold in this Asian country are electric, and it's not who you think
Nepal electric vehicle boom is turning heads worldwide as the Himalayan nation quietly becomes a global leader in EV adoption. With 76% of all new cars sold now electric, Nepal’s smart use of hydroelectric power, affordable Chinese EVs, and strong government incentives have powered this dramatic shift. From slashing fuel imports to building a growing EV charging network, Nepal shows how developing countries can fast-track clean mobility. As EV sales skyrocket, Nepal’s story is setting a new standard for sustainable transport.
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Multibagger or IBC - Part 17: Margins are slim. Promoters are all in. Is this small cap the ultimate contrarian bet?
In a sector being reshaped by EVs, many auto ancillary players are racing to stay relevant. But this small-cap firm holds an edge as its core product remains essential across vehicle platforms, unaffected by the shift from ICE to EV. However, customer concentration remains a key risk, with over 97% of sales tied to just three group entities. The good news is that the company is pushing into new product categories and deepening R&D collaborations. This series on auto ancillary companies works with the assumption that, from the whole set of auto ancillary companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt.
Electric vehicle companies to drive wage boom
A recent TeamLease Services report forecasts salary increments between 6.2% and 11.3% across Indian industries for FY26, with potential peaks at 13.8% in specific roles and cities. Electric vehicle, consumer durables, and retail sectors are expected to lead, driven by demand for roles blending technical skills and customer interaction. Cities like Pune, Mumbai, and Bengaluru will see significant growth.
Lenskart's Rs 8,000 crore IPO; Layoff clouds over IT
Lenskart has filed its draft papers for an Rs 8,000 crore public offering. This and more in today's ETtech Top 5.
EV, consumer durables, retail sectors to see highest salary increments: Report
Indian employers are planning salary increases between 6.2% and 11.3% across industries, with some roles seeing up to 13.8% hikes. EV, consumer durables, retail, and NBFC sectors are expected to lead. Roles blending technical skills and customer interaction are highly valued. Cities like Pune, Mumbai, and Hyderabad will see significant growth.
Tech, EVs, retail to drive India's salary boom in FY26: TeamLease
Salary hikes in India are expected in FY 2025-26. Electric Vehicles, Consumer Durables, and Retail sectors will lead. Pune will see the highest average increment. Sales & Marketing roles will top the growth chart. Rising salary parity between temporary and permanent positions is expected. New-age industries are scaling rapidly. Digital and core infrastructure sectors are reshaping compensation trends.
How will TCS layoffs affect India's real estate sector?
Indian real estate stocks plunged following layoffs at TCS, raising concerns about decreased housing demand from IT professionals, particularly in Bengaluru. Analysts predict a potential ripple effect across major metro cities, with the Nifty Realty Index already significantly corrected. Despite concerns, some analysts remain optimistic, citing attractive valuations and potential benefits from recent interest rate cuts.
Kinetic makes comeback into the Indian market with Kinetic DX EV scooters: Check price, range & features here
Kinetic Engineering's EV arm, Watts and Volts, has relaunched in India with the Kinetic DX EV, an electric scooter inspired by the iconic Kinetic Honda DX. Available in DX and DX+ variants, priced at Rs 1.12 lakh and Rs 1.18 lakh respectively, deliveries begin in September. The company aims for 1.
Aditya Infotech GMP robust at 30% ahead of IPO. Should you subscribe?
Aditya Infotech, known for CP Plus, is launching its IPO. The IPO is gaining traction in the grey market. Shares are trading at a premium. This suggests strong investor confidence. The IPO aims to raise Rs 1,300 crore. It includes a fresh issue and an offer for sale. The IPO opens on July 29, 2025.
Rs 1 lakh to Rs 20 lakh in 5 years! Force Motors shares deliver jackpot returns with zero analyst coverage
Force Motors, once a small-cap overlooked stock, has delivered exceptional 1,868% returns over five years, transforming ₹1 lakh into nearly ₹20 lakh. Strategic shifts towards OEM partnerships with BMW and Mercedes-Benz, along with strong performance in the UV segment, have fueled this growth. While valuations are now high, analysts remain optimistic about the company's long-term potential and continued earnings visibility.
Ather Energy narrows gap with Ola Electric as EV sales decline amid rare earth magnet crunch
Ola Electric's focus on profitability has led to a market share decline, with Ather Energy closing the gap. The electric two-wheeler segment faces challenges due to China's rare earth magnet export restrictions, impacting production even for major players like Bajaj Auto and TVS Motor. Meanwhile the Bhavish Agarwal-led electric scooter maker is undertaking the uphill task of developing alternative motors.
TCS axes 12,000 jobs; Ola loses steam in EV race
Happy Monday! India’s largest software exporter is trimming 2% of its workforce as demand woes persist. This and more in today’s ETtech Morning Dispatch.
BYD runs India remotely as China tensions shut out top brass
BYD faces hurdles in India due to strained political ties. Visa issues force executives to meet abroad. Despite this, BYD cars are popular. India rejects BYD's investment plan. This impacts tariff benefits. Tesla expands in India. BYD relies on its Chennai plant. High import duties increase car costs. India now allows Chinese tourist visas again.
After Tesla's desi debut, Vietnamese EV maker VinFast opens first showroom in India
Vietnamese EV maker VinFast has opened its first Indian showroom in Surat, Gujarat, ahead of launching a local manufacturing plant in Tamil Nadu. The showroom will feature right-hand drive versions of the VF 6 and VF 7 SUVs, now open for pre-booking. VinFast plans 35 dealerships by year-end. Entering a growing EV market, it faces competition from Tesla, which debuted in India this month.
Exide outlines growth strategy with dual focus on lead-acid, lithium-ion batteries
Exide Industries is strategically focusing on both its lead-acid battery business and lithium-ion segment to lead energy storage. Commercial production at its lithium-ion cell manufacturing facility is expected to commence this fiscal year. The company invested significantly in its lithium-ion business and transitioned to a 'One-Exide' operating model, reporting double-digit growth in most business segments.
Indiqube Spaces IPO subscribed 12.31 times on final day of bidding, GMP at 2%. Should you subscribe?
Indiqube Spaces IPO GMP: Indiqube Spaces IPO witnessed strong investor interest, being oversubscribed 12.31 times on its final day, with retail investors leading the charge. Despite a slight dip in grey market premium, brokerage firms recommend a 'Subscribe for long term' rating, citing the company's growth potential and strategic positioning in the flexible workspace sector.
Helios is avoiding auto and consumer stocks for now; Dinshaw Irani explains why
Helios Mutual Fund's CEO, Dinshaw Irani, expresses a negative outlook on the auto sector, particularly PVs, citing EV competition and potential tariff implications from trade agreements. While favoring new-generation EV two-wheeler players, he remains cautious about stretched valuations in consumer staples and QSRs. Irani maintains a positive view on BFSI, hospitals, and tourism sectors, supported by strong performance metrics.
China’s Chery to supply tech to help India’s JSW launch own EVs
Chery Automobile will provide technology and components to JSW Group, facilitating the launch of a new-energy vehicle brand in India by 2027. JSW will pay Chery a technology transfer fee and royalties, with no equity arrangement due to investment restrictions. This deal marks a significant technology transfer from a Chinese automaker to an Indian company amidst ongoing geopolitical tensions.
Multibagger or IBC - Part 16: Regulatory tailwind turns compliance into cash. This auto ancillary could be a winner
AC cabins in trucks? Mandatory. Electric buses? Cooling required. Battery packs? Need thermal management. This auto ancillary company is quietly positioning itself at the heart of this cooling revolution. With a ₹150 crore order win in the bag, it’s targeting half of the market emerging from India's truck AC regulation. R&D investments added seven patents in FY24 alone. Backed by strong promoter shareholding and a ₹270 crore FY25 capex, its bet on technology and content per vehicle expansion places it directly in the EV transition value chain.This series on auto ancillary companies works with the assumption that, from the whole set of auto ancillary companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt.
Renault waiting for EV ecosystem to mature before making its entry, says India MD
Renault India is preparing to enter the electric vehicle market. The company is waiting for the right time. They want the EV ecosystem to be ready. Renault also plans to acquire Nissan's stake in the Chennai plant soon. The company aims to increase its market share in India. Renault will launch four new products in the next two years.
Colgate-Palmolive Q1 Results: Profit dips 12% on rising competition, tepid urban demand
Colgate Palmolive India reported a decline in first-quarter profit on Tuesday, as feeble urban demand and intensified competition in its core oral care business weighed on sales.
Honda eyes 30% share in Indian two-wheeler market, sees potential to grow sales among women
Honda aims for 30 percent of India's two-wheeler market by 2030. Honda Motorcycle & Scooter India sees growth among female customers. The company acknowledges the shift to electric vehicles. However, charging infrastructure is a challenge. Honda plans to introduce electric models globally. A dedicated electric two-wheeler plant in India is expected by 2028.
Indians on the hybridge to electric future: Hybrid cars demand surges at a pace similar to EVs despite fewer options
Despite limited options and EV incentives, strong hybrid car demand in India mirrors EV growth due to high fuel prices. Automakers like Maruti Suzuki, Hyundai, and Mahindra are launching more hybrid models to meet rising consumer interest and comply with stricter fuel-efficiency norms. Hybrid sales surged 18% in FY25, offering a practical alternative amid EV infrastructure challenges.
Jaguar Land Rover-backed battery recycling project gets UK government funding
Jaguar Land Rover's EV battery recycling project gets a boost. The British government is funding the initiative. It aims to recover key minerals like lithium and nickel. This project is part of the UK's DRIVE35 program. The program supports the electric car transition. The project will run for three years in West Midlands. It addresses EV demand and material reliance.
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