EVs are safe! But safety must be priority too
Electric Vehicles (EVs) are emerging as a critical piece in decarbonising the road transport sector. EV adoption is increasing at a rapid pace across the globe, including in India. In FY2025, more than 1.9 million vehicles were sold, comprising 7.49% of the total vehicle sales in India. It has risen to 2.44 million in FY2026. The increase can be attributed to a confluence of factors, including favourable government policies, more choices offered by Original Equipment Manufacturers (OEMs), increasing consumer awareness around environmental benefits, total cost of ownership advantages, and more. This momentum needs to be sustained for India to meet its target of 30% EV sales by 2030 and the broader 2047 energy independence goal, for which a near-complete transition of new vehicle sales across segments would be required by 2043.

Electric car makers urge Karnataka to reconsider new 5-10% tax
New Delhi: Major electric car makers, including JSW MG Motor India, Tata Motors, Mahindra & Mahindra, Hyundai Motor India, and Kia India, have written to Karnataka chief minister Siddaramaiah, urging the state to reconsider a new 5–10% lifetime tax on electric vehicles (EVs), according to correspondence reviewed by Mint and a person familiar with the matter.

Hyundai Motor India to hike prices by up to 1% from May amid cost pressures
 

Punch got punchier
Tata Motors has been striving to maintain its top position in India’s electric car market. While the electric version of its micro-SUV, the Punch, is already gaining popularity, Tata has now surprised the market by increasing its power and range while simultaneously reducing the price. The Punch.ev now comes in a different but better package.

Tesla lags new foreign entrants in India EV race despite global playbook
 

One in four cars sold by BMW are now electric
At a time when Audi has temporarily stopped selling electric vehicles (EVs) in India – and Mercedes-Benz sells just one EV for every ten cars it delivers – BMW Group India has said that one in four cars sold by it are now electric.

Cars in ₹40 lakh category to grow by 2030: BMW India CEO
 

BMW Group India posts record Q1 sales at 4,567 units with 17% growth
 

Ashok Leyland zooms 13% as US-Iran ceasefire lifts markets; mcap tops ₹1trn
 

Andhra Pradesh directs APSRTC to increase electric vehicles
 

Construction equipment sales fall 13% in FY26 on project delays, weak execution: FADA
The construction equipment (CE) segment emerged as the only laggard in India’s automobile retail market in FY26, even as all other segments posted growth, according to data from Federation of Automobile Dealers Associations (FADA).

Bosch’s ₹9,068 crore deal to reshape sourcing for Tata, Mahindra, Bajaj

Mumbai/Bengaluru: Bosch Ltd’s ₹9,068 crore acquisition of its chassis systems arm is set to reshape how automakers such as Tata Motors, Mahindra & Mahindra, and Bajaj Auto source critical vehicle systems, as the supplier moves towards offering integrated solutions spanning powertrain, braking and safety.

RBI ups crude oil, exchange rate baseline assumptions for FY27
The Reserve Bank of India (RBI) on Wednesday said it expects crude oil prices to average USD 85 per barrel and the rupee to be at 94 against the dollar in FY27.

Indian Oil buys first shipment of Iranian crude since 2019 sanctions
State-owned refiner Indian Oil Corp. has purchased a cargo of Iranian oil which would be the country’s first such delivery since 2019, according to people familiar with the matter, as weeks of war in the Persian Gulf upend the energy trade.

RBI sets $85 oil benchmark for FY26, $75 for FY27 after US-Iran ceasefire eases prices
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent.

Oil prices to hold around $88-95/barrel for next 4-6 weeks, says analyst
 

Crude oil futures crash 6% to hit lower circuit after US-Iran ceasefire
 

Cabinet approves ₹79,459 crore investment in HPCL Rajasthan refinery
 

MUFG takes 20% stake in Shriram Finance for ₹39,618 crore in India’s largest cross-border financial deal
MUFG Bank, the Japanese banking giant and subsidiary of Mitsubishi UFJ Financial Group, completed its acquisition of a 20 per cent equity stake in Shriram Finance Ltd (SFL) on Wednesday, subscribing to 471,121,055 shares at ₹840.93 apiece for a total outlay of approximately ₹39,618 crore ₹396.18 billion).