Top Indian Automobile Industry News & Updates - 03 April 2026,Friday
🏢 Industry
M&M, TVS Motor: BSE Auto slips 3% as brokerages flag demand, margin risks
Mahindra to raise SUV, commercial vehicle prices by up to 2.5% from April 6
📝 Over 9,000 vehicles requisitioned for polls, Kolkata commuters brace for disruption
📝 Indore EV sales top 73,000 as fuel volatility accelerates shift to electric mobility
📝 Gujarat EV sales surge 75% in March
📝 Goa govt cuts fitness certificate fees for old vehicles
📝 Auto cos cite cost pressure amid strong dispatches
📝 Karnataka withdraws exemption, to slap lifetime tax on EVs, except two-wheelers
📝 Centre reaches out to 14 nations, seeks participation in magnet scheme
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🚗 ICE Car/SUV
📝 Nissan posts 98% M-o-M jump in March sales at 4,408 units
📝 Honda Cars India posts 5% rise in March domestic sales at 7,585 units
📝 Maruti Suzuki records 16.72 pc growth to 2.25 lakh total unit sales in March 2026, grows by 8.4 pc in FY26
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Electric Car/SUV
Maruti's EV debut stumbles on production woes, global market shift, and delayed domestic launch
Maruti Suzuki India Ltd’s EV debut got off to a poor start with production falling short of target as its domestic launch got delayed, a rare-earth magnet crisis hit manufacturers and global electric vehicle sales growth slowed.
📝 VinFast India to launch 7-seater electric MPV in Delhi on April 15
📝 Tata Sierra EV launch soon: What to expect from Maruti e-Vitara rival
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🚗 Luxury
BMW surges, Audi slumps as India’s luxury EV market splits in FY26
Mumbai: India’s luxury passenger EV market is splitting sharply in FY26, with BMW scaling to record highs even as Audi’s volumes have collapsed, exposing a widening gap in how automakers are executing their electric strategies, industry observers said.
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⛟ Commercial Vehicles
EKA Mobility achieves 5x volume growth
Pune (Maharashtra): EKA Mobility, a leading electric vehicles and technology company, today announced a strong 5X year-on-year volume growth in FY 2025-26, with 1,143 units sold and 1,344 electric commercial vehicles produced. This milestone comes on the back of the company's comprehensive electric vehicle portfolio across segments. During the year, EKA entered the M&HCV truck segment, in addition to its existing bus and SCV portfolio. The company is a Champion OEM under the Auto PLI Scheme and has achieved certification across multiple platforms.
Switch Mobility dethrones Tata Motors to top FY26 e-bus market
Chennai: For the first time since it entered the electric mobility space in 2022, Hinduja Group-backed Switch Mobility has raced past incumbents to become India’s largest electric bus maker in FY26, dethroning Tata Motors and Olectra Greentech with a blistering 177 per cent surge in volumes—far outpacing the market’s 44 per cent growth, VAHAN data showed.
📝 Mahindra tops India’s electric CV market for fourth year in a row
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🎤 Interviews & Features
Sibling rivalry is a storm in a tea cup: TVS insiders
Even as governance tensions within the TVS Group promoter family spill into the boardroom, long-time observers and senior-level insiders of the conglomerate say the ongoing sibling rivalry is unlikely to disrupt the professional functioning of TVS Motor and Sundaram Clayton.
📝 Tata Sierra vs Kia Seltos spec comparison: which feature-rich compact SUV should you go for?
📝 5 things you need to know before buying the new Renault Duster
📝 SUV-led demand keeps PV segment on strong growth path: Subhash Gate, Choice Institutional Equities
📝 March auto numbers: M&M shines but CVs disappoint; what April could look like: LKP Securities
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🏗 Construction & Agriculture
Sonalika Tractors posts record FY'26 sales of 1,80,504 tractors in its landmark 30th year!
New Delhi: Marking a landmark achievement in its 30th glorious year, India's No. 1 tractor export brand Sonalika Tractors has registered an all-time high 1,80,504 tractor sales in FY '26.The achievement reflects the company's disciplined execution, farmer-first approach, and continued focus on delivering technologically advanced, heavy-duty tractors. This staggering achievement also reflects the ever-growing trust of farmers and company's readiness and strong synergy to meet the diverse agricultural needs across different regions.
TAFE posts 37% rise in FY26 tractor sales
📝 Why is Escorts Kubota underperforming the booming tractor sector?
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🏍 EV/ICE Two Wheelers
Two-wheeler makers end FY26 strong on rural recovery, premium demand
India’s two-wheeler makers closed FY26 on a strong note, reporting healthy growth in domestic wholesales, driven by a recovery in rural demand, robust scooter sales and sustained traction in premium motorcycles. March sales further reinforced the momentum, with most OEMs posting double-digit growth, indicating a steady pickup in consumption.
Suzuki Motorcycle sees FY27 domestic growth below 7-8% amid cost pressures
Ola Electric cuts Roadster 9.1 price by ₹60,000, cites cost efficiencies
Ola Electric shares jump over 20% in two sessions; here's why
📝 Hero, Honda lead March two-wheeler sales; TVS posts strong EV-led growth
📝 New-gen Suzuki Burgman Street launched with upgrades, prices start at ₹1.01 lakh
📝 Royal Enfield records 11 pc growth with 1.12 lakh units, grows 23 pc to 12.38 lakh units in FY26
📝 Legacy players gain ground in EV two-wheelers as Ola Electric slips
📝 Suzuki Motorcycle India bets on scooter-led momentum as updated Burgman hits market
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⚙ Components
Sundaram Clayton corrects governance lapse in Company Secretary appointment
Chennai: Sundaram Clayton has started the process of correcting a corporate governance lapse with respect to the appointment and reporting structure of its Company Secretary, PD Dev Kishan, which was basically a legacy issue.
📝 Tsuyo Manufacturing appoints Naveen Kumar Amar as SVP–Finance
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🌇 Allied Industries
High steel prices hit engineering manufacturers
A sharp hike of 15 % in prices of steel in the last two months has hit the engineering sector, especially the Micro, Small and Medium-scale Enterprises (MSMEs).
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🌢 Fuels, Lubricants
Oil firms incur ₹24/litre loss on petrol, ₹104 on diesel as crude crosses $100; govt keeps pump prices steady
New Delhi: Oil marketing companies (OMCs) in India are currently incurring significant losses on fuel sales as global crude oil prices surge amid the ongoing West Asia conflict, even as retail fuel prices remain unchanged, according to the Ministry of Petroleum and Natural Gas.
IndianOil boosts auto LPG supply in Karnataka amid surge in demand
Indian Oil Corporation Limited has scaled up its Auto LPG supplies across Karnataka in response to a surge in demand, particularly following the closure or partial shutdown of several private Auto LPG outlets in Bengaluru and other parts of the state.
OMC shares: HPCL, BPCL, IOC slide up to 5% as crude jumps above $100/bbl
Source Credit: Deepak Korgaonkar, Business Standard
Mumbai: Shares of state-owned oil marketing companies (OMCs) were under pressure falling up to 5 per cent after Crude oil jumped more than 5 per cent on Trump remarks of extremely hard attacks in the coming weeks if talks fail.
No windfall tax on diesel, ATF exports from Reliance SEZ refinery
Petrol pumps run on thin credit as oil marketing companies tighten purse strings
New Delhi: State-run oil marketing companies (OMCs) are yet to dispatch fuels to petrol pump dealers on credit for more than a day despite the Centre's assurance, according to petrol pump dealers and associations.
📝 Petchem relief to cost Rs 1,800 crore in 3 months: Government
📝 Premium 100 octane petrol price takes a big hit, increased by ₹11
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EV Charging
📝 Tata Sanand facility likely to start battery production in 2027
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🌍 Emissions/Environment
📝 Fund sees ‘significant’ opportunity in India’s new climate plan
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💸 Finance & Insurance
Motor Claims Made Faster & Hassle-Free: Policybazaar's Assured Delivery Program in 186 Cities
Following a successful launch of its motor insurance claims initiative Assured Delivery Program (ADP) in 100 cities, Policybazaar has now introduced the service with 200 garages in 186 cities across India through its insurance partners. The program focuses on addressing common consumer pain points such as, delays in claims settlement, repeated follow-ups and frequent garage visits among others. The initiative is designed to simplify and streamline the claims experience for policyholders all over the country.
TVS Venu Group acquires PGIM India Asset Management
📝 ‘Aim to double customer base over three-four years’: Abhimanyu Munjal, MD & CEO, Hero FinCorp
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📖 Magazines
📝 2026 Suzuki Burgman Street launched at Rs 1.02 lakh
📝 Maruti likely to hike small car prices amid cost pressures
📝 FY2026 EV sales: Mahindra’s market share rises to 21 percent
📝 MRF superbike tyres launched in India
📝 Maruti Dzire is the bestselling car in India in FY2026
📝 Hyundai unveils rugged Boulder SUV concept
📝 New-generation Suzuki Burgman spotted testing again
📝 Vinfast VF MPV 7 pre-bookings open ahead of April 15 launch
📝 Royal Enfield Guerrilla 450 Apex vs Guerrilla 450 Differences Explained
📝 TVS Orbiter price and variants explained
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📰 International
Middle East war boosts EV demand; US, Europe car-selling platforms see surge in inquiries
The Middle East war, which is now entering its second month, is expected to push drivers towards electric vehicles (EVs), compelling them to ditch their traditional internal combustion engine (ICE) vehicles, CNBC reported.
Tesla shares drop over 4.5% as Q1 deliveries and production miss estimates
Tesla shares witnessed renewed selling on Thursday, 2 April, falling 4.61% to the day’s low of $363.65 apiece after the Elon Musk-led company reported vehicle deliveries and production that fell short of Wall Street estimates. This marked the second consecutive quarter the electric vehicle maker had missed analyst projections.
Luxe carmakers’ gold-leafed Gulf profits under threat
A laser-engraved hood inspired by Arabian architecture, and a matching wood-trim interior, were among the luxury features that Rolls-Royce included in a one-off Phantom Arabesque — commissioned by a Dubai customer and showcased in February, before the Iran war.
Tesla's China-made EV sales rise for second straight quarter
Tesla sales rise after brutal year of Musk boycotts but still fall short of expectations
Jaguar Land Rover Q4 volumes rise 61% sequentially to 95,300 units
JLR Q4 sales rise 61% as production normalised after cyber attack
Bosch share price up 12% in 2 days; here's why the stock has gained ground
📝 Turkish auto sales down 12.75% in March, says association
📝 Italy new car registrations up 7.6% in March
📝 Marelli to showcase advanced automotive lighting systems at Auto China 2026
📝 Automakers plan billions in US investments but seek clear trade rules
📝 BYD's vehicle sales fall again in March amid fierce competition
📝 Auto industry group calls for scrapping US gas tax, adopting vehicle fee
📝 Tesla March car registrations soar in key European markets, showing changing trend
📝 GM, Toyota report lower quarterly sales in US amid affordability concerns
📝 Freelander Concept 97 unveiled globally, to be launched in an electric avatar
📝 Hyundai Boulder Concept unveiled at New York Auto Show; Midsize pickup segment entry planned by 2030
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