Top Indian Automobile Industry News & Updates - 08 April 2026,Wednesday
🏢 Industry
Cars24 Collaborates with Tesla to encourage the transition to electric vehicles
Gurugram, Haryana, India (NewsVoir) As electric mobility continues to gain momentum in India, Cars24 today announced a collaboration with Tesla India to introduce an integrated trade-in programme for vehicle owners, making the transition from petrol or diesel cars to electric simpler, faster, and more seamless.
25 firms attend rare earth magnet pre-bid meet; JSW, NLC India among interested players
Mumbai: The Centre’s push to build a domestic rare earth magnet ecosystem gathered momentum on Tuesday, with at least 25 companies participating in a pre-bid conference for the ₹7,280-crore incentive scheme with large industrial groups such as JSW Group, and NLC India, a central public sector undertaking under the administrative control of the Ministry of Coal and others evaluate participation, sources said.
FPIs pull out more from automobile, realty sectors
M&M, Tata Motors, Hyundai in fierce race for No. 2 spot in PV market
Tata Trusts CEO defends action after Srinivasan, Singh accuse him of bias
Tata Trusts chief executive Siddharth Sharma on Tuesday defended his position on the controversy surrounding the Bai Hirabai Jamsetji Tata trust, writing to all 12 members of Tata Trusts after facing accusations that he had concealed a legal opinion on trusteeship.
📝 Out-of-state vehicles bring in ₹62.4 crore for Karnataka in 5 years
📝 Auto stocks slide up to 27% in 3 months despite strong demand
📝 M&M Vs Motherson Vs Apollo Tyres: Motilal Oswal picks 6 auto stocks to play the Q4 recovery
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🚗 ICE Car/SUV
📝 Sierra nearly triples Tata Motors’ mid-size SUV sales in Q4 FY26
📝 Volkswagen begins production of updated Taigun SUV at Chakan facility
📝 Volkswagen Virtus facelift spied testing: New design, changes & more
📝 Top 10 highest-selling cars, SUVs in March 2026: Maruti Dzire, Creta & more
📝 Renault Kwid in your garage? Key genuine accessories to explore
📝 Honda Cars India announces discounts of up to ₹1.97 lakh for April 2026
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Electric Car/SUV
Tata Motors, JSW MG Motor, Mahindra hold EV crown, capture 87% market share in FY26
EV retail sales in India rise 24.6% to 2.45 million units in FY26: Fada
EV fleet operator TrEV raises ₹3.65 crore in maiden funding round
📝 VinFast India targets volume play with new e-MPV & mid-premium positioning
📝 EV retail sales in India up 24.6% at 24.52 lakh units in FY26: FADA
📝 Honda must have a strong product pipeline and localise deeply to mount a serious challenge in the crowded EV market
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🚗 Luxury
📝 Chennai company gifts 12 Audi cars to employees! Check details
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⛟ Commercial Vehicles
IntrCity eyes ₹1,000 crore revenue, expand fleet to 1,000 buses
Chennai: IntrCity, an asset-light technology-driven inter-city bus platform, is targeting ₹1,000 crore in revenue over the next 2-3 years, driven by fleet expansion and rising demand for long-distance road travel in India.
Rising costs keep truck rentals firm in March: Shriram Mobility Bulletin
📝 Tata Motors launches Intra EV pickup at ₹11.95 lakh
📝 Commercial vehicles older than 10 yrs & registered outside Odisha cannot ply in state: Govt
📝 Kolkata Shuttle bus services change routes, over 30k commuters seek alternatives
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🎤 Interviews & Features
📝 MG Hector & Hector Plus get pricier by up to ₹30,000. Variant-wise prices detailed
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🏗 Construction & Agriculture
Tractor makers line up April price hikes as input costs bite; Mahindra leads move
Mahindra and Swaraj hike tractor prices amid rising input costs
TAFE’s JFarm inaugurated in Rajasthan to empower the farming community
📝 Escorts Kubota to hike prices of Kubota tractors from April 15
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🏍 EV/ICE Two Wheelers
Aluminium shortage to hit E2W margins, cloud supply outlook
Electric two-wheeler manufacturers are preparing for a challenging April after record-breaking March sales, as a global aluminium shortage threatens to raise production costs, compress margins, and force price increases that could dampen consumer demand.
Ultraviolette partners with Elektroride to enter 6 new European markets
📝 Electric two-wheeler share rises to 6.5% in FY26, TVS Motor leads segment: FADA
📝 KTM hikes 390 Duke, 390 Adventure X prices by up to Rs 40,000
📝 Triumph rolls out cheaper 350cc versions of 400 range, launches Tracker 400 in India: Revised prices and what's new
📝 New Yezdi Scrambler likely to launch in India on April 23
📝 Planning to buy genuine accessories for Suzuki Burgman Street? Complete buyer guide
📝 Royal Enfield Hunter 350 vs Yamaha XSR 155: Prices & specifications compared
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⚙ Components
📝 Valeo opens new production line for vision camera at Sanand facility
📝 Sona Comstar hits 500 million differential gears, 10 million lifetime assemblies milestone
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🌇 Allied Industries
Tata's Agratas taps banks for $730 mn loans to power giga plans
Agratas is led by chief executive officer Thomas Flack, who had joined the firm in August 2023 after having spent six years as the chief procurement officer at Tata Motors. Earlier, Flack had spent over 14 years in Ford Motor’s operations in the US and China.
Ola Electric to roll out battery cells developed in-house from next quarter, bets on cost-led EV push
Ola Electric launches LFP cell for EVs, rollout to begin next quarter
📝 Servotech Renewable wins EV charger order from OMCs, PSUs
📝 PeakAmp ties up with Pacto Power to manage battery waste
📝 Steelbird Hi-Tech produces 9.85 million helmets in FY26, ramps up daily capacity to 60,000 helmets
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🌢 Fuels, Lubricants
Panel to explore ways to boost ethanol use
The government has set up an inter-ministerial panel comprising petroleum, heavy industries and food ministries to consider ways to utilise the surplus ethanol manufacturing capacity, including an increase in the blending of ethanol with petrol from the current level of 20%, Food Secretary Sanjeev Chopra said on Tuesday.
Fuel demand spikes on crisis fears: diesel, petrol surge; LPG weakens
LPG consumption declined 12.8% year-on-year to 2.38 million tonne (MT) in March 2026 — the lowest since June 2024 — as compared to 2.73 MT in March 2025, reversing a 4.5% growth seen a year ago with consumption of 2.61 MT in March 2024, and fell sharply 15.7% month-on-month from 2.82 MT in February and 20.93% in January from 3.01 MT, reflecting demand disruption amid supply constraints and shifting consumption patterns.
India turns to Russia, Venezuela for crude supplies amid West Asia crisis
📝 Fuel pumps feel the heat as OMCs seek advance payments
📝 Crude oil futures hit record high of INR 10,888/barrel
📝 Diesel sales jump 8% in March amid panic buying
📝 Iran war: IOC, BPCL, HPCL may have lost Rs 6/litre on diesel in Q4
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EV Charging
📝 Karnataka plans EV charging points every 60-70km on state highways
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🌍 Emissions/Environment
Gurgaon India's most polluted city during March 2026: Report
📝 Ghaziabad India’s most polluted city in FY26: Report
📝 BS-VII likely from 2027; stricter emission norms to cover CNG vehicles, EV battery rules on radar
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💸 Finance & Insurance
Bajaj Finance sets board meeting date to declare Q4 results 2026, dividend for FY26. Details here
Bajaj Finance informed the stock exchanges that its Board of Directors is scheduled to meet on Wednesday, 29 April 2026, to consider and approve the company’s audited financial results, both standalone and consolidated, for the quarter and financial year ended March 31, 2026.
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📖 Magazines
📝 Tata Nexon tops SUV sales in FY2026
📝 Volkswagen Virtus facelift spied testing for the first time
📝 Vinfast Limo Green to be sold separately to fleet operators
📝 KTM 390 Duke price increased by Rs 40,000
📝 KTM 390 Adventure X price hiked again
📝 BMW widens gap over Mercedes-Benz in FY2026 luxury EV sales
📝 Triumph Tracker 400 vs Royal Enfield Guerrilla 450: price and specification comp
📝 Flying Flea C6 is the lightest Royal Enfield yet at 124kg
📝 TVS to set up new plant, evaluating multiple locations
📝 Classic Legends to launch a new Scrambler on April 23
📝 Volkswagen Taigun facelift revealed ahead of April 9 launch
📝 One in ten two wheelers sold in March 2026 was an EV
📝 BMW surpasses Mercedes-Benz in Q4 FY2026 luxury car sales
📝 Ultraviolette enters six new European markets
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📰 International
LG Energy Solution flags Q1 operating loss on weak EV demand
Seoul: South Korean battery maker LG Energy Solution (LGES) said on Tuesday it expects to post a first-quarter operating loss of 208 billion won ($138.16 million), as weaker demand from electric vehicles (EVs) makers weighed on earnings.
📝 UK new car sales post strong March, but industry warns Iran crisis threatens outlook
📝 American auto safety regulator has a ‘good news’ for Elon Musk’s Tesla
📝 Edmunds test of Geely Galaxy M9 highlights rising threat of Chinese EV tech to US automakers
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