Top Indian Automobile Industry News & Updates - 10 April 2026,Friday
🏢 Industry
EVs drive about 20% of industry growth, lift Mahindra, Tata past Hyundai in FY26
New Delhi: Aggressive electric vehicle (EV) plays by Mahindra & Mahindra (M&M) and Tata Motors Passenger Vehicles Ltd played a big role in EVs making up a fifth of the over 540,000 additional vehicles sold in fiscal year 2026, data from the Federation of Automobile Dealers Associations (Fada) showed. That number was 8% in the previous fiscal year.
CAFE-3 shake-up: Govt set to ease norms for small cars; crucial April 16 meet to seal final rules
India’s upcoming Corporate Average Fuel Efficiency-3 (CAFE-3) norms are likely to offer significant concessions to small cars, marking a decisive tilt in favour of entry-level and compact vehicles even as emission targets tighten sharply for large, fuel-intensive SUVs.
Telangana’s VAHAN portal to issue permanent registration certificates of non-transport vehicles from April 11
📝 Road safety awareness a national movement, requires responsible behaviour: Harsh Malhotra
📝 Auto stocks surge up to 12% after RBI holds rates steady
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🚗 ICE Car/SUV
Volkswagen India eyes above-industry growth, flags portfolio gaps as focus areas
Volkswagen India is targeting growth above industry benchmarks, banking on new product interventions and a sharper premiumisation strategy. Speaking at the debut of the updated Taigun, Nitin Kohli, brand director, Volkswagen India said “Any new model intervention in the industry tends to drive growth of around 18–22%. Our attempt is to do better than this with the products we are bringing in,” the spokesperson said.
Volkswagen group eyeing 5% market share in India before turn of decade: Piyush Arora
Volkswagen Group eyes 5% market share in India by 2030 with EVs and alternative fuel push
📝 Hyundai rolls out Creta ‘Summer Edition’, price starts at ₹12.05 lakh
📝 Toyota Kirloskar Motor crosses 2 lakh Innova HyCross sales in India
📝 2026 Volkswagen Taigun facelift unveiled: Changes in Hyundai Creta rival explained
📝 M&M Q4 preview: Quarterly results on May 5 – All eyes on dividend announcement
📝 Own a Maruti Suzuki Swift? Genuine accessories you can buy for the hatchback
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🚗 Luxury
Mercedes-Benz India logs record FY26 sales; premium models, EVs power growth
Mercedes-Benz India posted its best-ever annual performance in FY26, retailing 19,363 vehicles, a 2% year-on-year increase, driven by strong demand for top-end luxury models and electric vehicles. The German carmaker also began calendar 2026 on a firm footing, with first-quarter sales rising 7% to 5,131 units.
Mercedes to hike prices again; luxury market splits with BMW
Mercedes-Benz India on Thursday said it will hike prices of its luxury cars by a further 2–4% in the second quarter of 2026, after already raising prices by 4% in recent months, as rising geopolitical disruptions, freight costs and currency pressures push up input expenses. These moves that come even as the luxury market splits between its top-end focused strategy and BMW’s broader growth playbook.
📝 Luxury car sales growth slows to 3% amid global jitters
📝 EV buyers remain TCO conscious despite oil volatility: Santosh Iyer
📝 BMW Group India Q1 Sales: EV Surge, Long Wheelbase Demand Drive Record Start to 2026
📝 Mercedes launches A45 and GLE 53 Coupe AMG special editions following its best-ever fiscal
📝 Mercedes-Benz India posts best-ever sales: Rs 1 Cr + models fuel growth
📝 Mini Cooper S Victory edition sold out: What makes this hatch special!
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⛟ Commercial Vehicles
Ashok Leyland shares pull back slightly after three-day rally, still up over 12% this week
Shares of Ashok Leyland Limited edged lower on Thursday morning, trading at ₹171.66, down 0.48 per cent from the previous close of ₹172.48, as of 11.56 am. The mild pullback follows a sharp 12.7 per cent single-day surge on Wednesday — the stock’s biggest single-day gain since September 2020 — which had pushed intraday highs to ₹172.4.
JBM Auto eyes $500 million fundraise to expand electric bus business
JBM Auto is exploring a potential $500 million fundraising to support its expanding electric mobility business, as it looks to execute and expand an order book of nearly 10,000 electric buses, according to industry sources.
Mini Metro EV launches 'Yugo' with 325km range, backs growth with Rs. 70 crore investment plan
The introduction of the Yugo signals a clear shift in the company's positioning, from a traditional e-rickshaw manufacturer to a high-tech automotive player. Setting a new technological benchmark for the segment, the Yugo features a robust 14kWh Battery Pack, a top speed of 50 km/hr, and premium industry-standard features including Hill Hold, Hill Assist, Regenerative Braking, and an On-Board Charger.
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🎤 Interviews & Features
📝 Audio Interview| Automobility 3.0: Autonomous & distributed mobility – A China perspective
📝 Audio interview| The US fixed ops market: Key trends
📝 New Volkswagen Taigun facelift vs 2026 Renault Duster: Specification Comparison
📝 Volkswagen Taigun Facelift Launch LIVE Updates: Prices, specs and features
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🏍 EV/ICE Two Wheelers
The ‘Secret’ Bajaj: Why This Rs 33,766 crore ‘proxy’ is a hidden gem
There are companies that the market overlooks because they are too small. And then there are companies no one pays attention to because they don’t quite know what to do with them.
Ola Electric soars 16% in a falling market: Can Bhavish Aggarwal’s new ‘Stepchange’ battery fuel a turnaround?
Bhavish Aggarwal’s Ola Electric Mobility share price saw a sharp spike for the second straight session, extending gains for a second straight day.
Royal Enfield Flying Flea C6 electric bike launched: Price, range, features and bookings
Royal Enfield's EV brand Flying Flea launches first motorcycle C6
📝 Ather Energy doubles retail footprint to 700 outlets in FY26
📝 Honda Motorcycle and Scooter India crosses 10 million sales in eastern region, led by West Bengal and Bihar
📝 India is now Triumph's largest market by volumes: Manik Nangia
📝 Eicher Motors launches its first electric motorcycle, Flying Flea C6, at ₹2.79 lakh
📝 Triumph Tiger 900 Alpine Edition booking open. Top 3 facts you must know
📝 BMW F 450 GS India launch confirmed! RE Himalayan’s Indo-German rival
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⚙ Components
Bosch share price gains over 2% on plan to acquire Bosch Chassis Systems India for ₹9,069 crore
Bosch shares outperform markets with 4% gain on strategic acquisition news
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🌇 Allied Industries
📝 Continental PC6 brings self-sealing tyre tech to premium SUV segment in India
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🌢 Fuels, Lubricants
Oil prices surge 2% on ceasefire disruption, Strait of Hormuz blockade – Analysts see buying opportunity below $100
Just a day since the announcement of ceasefire and oil markets are already seeing heavy price swings. Crude prices rose 2% as Israel launched a heavy wave of strikes against Lebanon putting the US-Iran peace plan under pressure.
Indian fuel retailers buy discounted diesel to avoid price hikes
Indian fuel retailers are buying diesel from refiners at discounted rates to shield customers from any price hike, an industry source said on Thursday. The new pricing formula is based on India's crude import price, the source told reporters.
Sanjay Khanna appointed BPCL CMD; tenure till May 2029 approved
📝 IAC calls for policy push to scale auto LPG as near-term clean fuel solution
📝 Crude oil futures rebound Rs 411 to Rs 9,272/barrel on strong global cues
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EV Charging
📝 MegaCharge, NHEV partner to deploy 660 EV charging points across 5,500 km e-highway network
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🌍 Emissions/Environment
📝 Study finds lead contamination around battery recycling units In Delhi-NCR, rest of India
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💸 Finance & Insurance
📝 Astranova Mobility raises ₹60 crore in Series A round led by IvyCap Ventures
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📖 Magazines
📝 FY2026 luxury car sales: Mercedes remains in top spot
📝 Royal Enfield Flying Flea C6 launched at Rs 2.79 lakh
📝 Ather expands with over 700 Experience Centres across India
📝 Volkswagen Taigun new vs old: Differences explained
📝 Mercedes-Benz records best-ever performance in FY2026, over 19,000 units sold
📝 Mercedes-AMG GLE Coupe Performance Edition launched at Rs 1.52 crore
📝 Mercedes-AMG launches A45 S Aero Track Edition at Rs 87 lakh
📝 Bajaj Pulsar 180 launched at Rs 1.22 lakh
📝 Benefits of up to Rs 45,000 on Maruti Brezza, Swift in April 2026
📝 Hyundai launches Creta Summer Edition at Rs 12.06 lakh
📝 Hyundai Ioniq 5 facelift spied testing in India
📝 Kia sees over 30 percent customers renewing connected car subscription
📝 Volkswagen unveils the Taigun facelift
📝 Kawasaki Versys-X 300 gets benefits worth Rs 91,000
📝 Kawasaki Ninja 1100SX price reduced by nearly Rs 2 lakh
📝 Volkswagen Touareg to be revived in all-electric guise
📝 Suzuki Burgman Street New vs Old: Price and differences explained
📝 Value and competitive pricing driving EV sales, says VinFast India CEO
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📰 International
Food and fuel on the go: BYD and KFC join hands for 'nine-minute' drive-thru EV charging stations in China
China's electric vehicle (EV) giant BYD on Wednesday announced that it was partnering with fast-food chain KFC to offer its users in the country a one-stop feeding and refuelling experience in less than 10 minutes, CNBC reported.
Tesla is working on a compact SUV, signalling revival of ‘affordable EV’ plans
All charged up: Tesla is developing a new smaller cheaper EV
📝 Stellantis first-quarter vehicle output in Italy up 9.5%, says union
📝 Kia delays launch of software-focused cars, unveils big hike to investment plans
📝 Mercedes Q1 sales down in tough 'transition year' for China business
📝 China's car exports accelerate despite disruption from Mideast crisis
📝 GM recalling more than 270,000 Chevrolet Malibu vehicles in US due to rearview camera screen issue
📝 UK awards $510 million to Tata's Agratas for Somerset EV battery gigafactory
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