Top Indian Automobile Industry News & Updates - 05 March 2026,Thursday
🏢 Industry
Tata Motors, M&M deny Indonesia order ban
Tata Motors Ltd and Mahindra & Mahindra Ltd (M&M) have issued separate clarifications to the BSE stating that their respective export orders to Indonesia remain valid despite multiple objections raised by Indonesian local trade bodies.
String of international exits narrows foreign loss makers for Mahindra
New Delhi: Exits from international subsidiaries and associate companies in Japan, Finland and Sri Lanka in the financial year 2026 have narrowed the list of loss-making foreign companies for Mahindra and Mahindra Ltd, which is resetting its international business to back profitable businesses.
CNG cars may overtake petrol by FY32
Compressed natural gas (CNG) vehicles are projected to overtake petrol cars in the passenger vehicle market by FY32, on the back of tighter emission norms and lower running costs.
M&M refutes rumours of Indonesia export halt
📝 MeitY launches indigenous integrated drive system to boost EV adoption
📝 Call for clean tech has automakers fishing for talent
📝 National Safety day celebrated at Renault Group’s plant in Chennai
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🚗 ICE Car/SUV
Renault Bridger concept to preview sub-4m SUV for India
Renault is set to unveil its new Bridger concept on March 10, previewing an all-new compact SUV that is expected to eventually enter production and sit below the Renault Duster in the brand’s global line-up.
📝 Maruti Suzuki to rev up its capacity next fiscal to meet surge in demand
📝 Honda March 2026 discounts: City e:HEV up to ₹1.97 Lakh Off, Elevate and Amaze get big benefits
📝 Maruti Suzuki Brezza turns 10: Journey of Maruti’s first compact SUV
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Electric Car/SUV
Vinfast India Bags 'New Entrant of the Year' at faster awards 2026
Gurugram: VinFast India, a leading innovator in electric mobility, has been honored with the "New Entrant of the Year" award at the FASTER Awards 2026, a prestigious automotive award organized by a federation of leading automotive journalists and industry experts in India. The judging panel commended the quality of the Vietnamese electric vehicle manufacturer's products, as well as its strong commitment to advancing sustainable mobility in the South Asian nation.
Tata Motors sees price parity nearing as integration lowers costs
Electric vehicles (EVs) are approaching a decisive cost inflection point in India, with some models nearing price parity with internal combustion engine (ICE) cars, according to Anand Kulkarni, Chief Products Officer and Head of HV Programs and Customer Service, Tata Passenger Electric Mobility Ltd.
How BYD raced ahead of Tesla in over 20 countries in just five years
📝 Tata Motors delivers 10,000 units of Sierra to customers
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🚗 Luxury
Mercedes-Benz V-Class in mind? Meaningful accessories I can suggest to you
Mercedes-Benz India has launched the updated iteration of the V-Class in India, which marked the comeback of the luxury MPV in the country after a long hiatus. The Mercedes-Benz V-Class was launched in India in 2019 and later discontinued in 2022. Now, the updated version of the Mercedes-Benz V-Class has been launched at a whopping price tag of ₹1.40 crore (ex-showroom). The MPV comes carrying a plethora of changes on design, feature and powertrain fronts, becoming more appealing and luxurious compared to the previous iteration that was available in India.
📝 Mercedes to expand locally made portfolio, enter 10 new markets in 2026
📝 BMW M2 to be offered with track-focused M Performance Kit
📝 Mercedes to expand locally made portfolio
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⛟ Commercial Vehicles
Ashok Leyland gets 'Outperform' from BNP Paribas; CV cycle tailwinds seen
Tata Motors CV says Indonesia’s 70,000-vehicle order intact
📝 Raw material cost hike to impact PV industry profit in March quarter: CMIE
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🎤 Interviews & Features
How does MMCM turn a scrapped vehicle into immediate savings for your next purchase?
India is facing a sharp rise in end of life vehicles. Around 10 million vehicles were classified as end of life in 2020. This number is expected to reach nearly 23 million by 2025 and close to 50 million by 2030, as highlighted by NITI Aayog in its report on the circular economy of end of life vehicles. Old vehicles are not only inefficient. They are also unsafe and highly polluting. Vehicles manufactured before BS VI norms can emit up to eight times more pollution compared to newer vehicles. At the same time, end of life vehicles contain valuable materials. It is estimated that nearly 98 million tonnes of steel can be recovered from vehicles manufactured between 2005 and 2023. This recovery could save around 43 million metric tonnes of CO2 equivalent emissions.
📝 5 compact SUVs I would pick for their high ground clearance
📝 Top 5 upcoming cars expected to launch in March 2026
📝 World’s rarest and most beautiful cars showcased at Oberoi Concours: Details
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🏗 Construction & Agriculture
Escorts Kubota targets doubling Powertrac volumes in South India in 3 years
Escorts Kubota on it’s way to become a pan-Indian player: Nikhil Nanda
MoRTH defers TREM V Tractor norms by six months; phased rollout through 2032 notified
Escorts Kubota on it’s way to become a pan-Indian player: Nikhil Nanda
📝 Sonalika Tractors records best February sales at 12,890 units
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🏍 EV/ICE Two Wheelers
E2W registrations jump 36% in February; TVS Motor continues to lead the segment
Registrations of electric two-wheelers (E2Ws)—including pure electric and battery-operated vehicles—rose 36 per cent year-on-year to 1.05 lakh units in February 2026, compared with 76,350 units a year ago, according to Vahan data as of 1.15 pm on Saturday.
India Yamaha Motor launches XSR155 in Metallic Black variant at ₹1.58 lakh
India Yamaha Motor Pvt Ltd, the subsidiary of Japan headquartered Yamaha has unveiled the "Metallic Black" edition of its latest motorcycle XSR155 at ₹1,58,990 (ex-showroom Delhi), a top official said on Tuesday.
Ola Electric eyes $50–75 million QIP amid market share slide, operational reset
Electric two-wheeler maker Ola Electric is looking to raise $50–75 million through the qualified institutional placement (QIP) route over the next two to three quarters, according to people aware of the development, as it grapples with falling sales and mounting competitive pressure.
Ola Electric launches Holi Mahotsav; Roadster range now starts at ₹79,999
📝 TVS Motor, Bajaj Auto cross 50% market share in e2w; Ola’s share shrinks to 3.5% in February
📝 TVS Apache RTX makes Europe debut with new rally-style colour scheme
📝 Suzuki Motorcycle India clocks 37% YoY sales growth in February 2026
📝 Royal Enfield Flying Flea C6: Key details about upcoming e-bike
📝 Yezdi Roadster Red Wolf launched: Price, what’s special
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⚙ Components
Sedemac has Precision and control, Also big client risk
ET Intelligence Group: Sedemac Mechatronics, an auto components company, plans to raise ₹1,087.5 crore through an offer for sale. The promoter group’s stake will fall a tad to 26.2% after the IPO from 26.4%. The company designs and manufactures control-intensive electronic control units (ECU) for leading original equipment manufacturers (OEMs). Its revenue grew in double-digit while net profit more than doubled between FY23 and FY25. However, nearly 75% of the revenue comes from TVS Motor Company, reflecting customer concentration. Given these factors, investors with high-risk appetites may consider the IPO.
Big payday for Sedemac’s late-stage backers as ₹1kcr+ IPO opens today
New Delhi : Automotive electronic and electrical component maker Sedemac Mechatronics is set to open its ₹1,087-crore initial public offering (IPO) Wednesday, delivering hefty gains for late-stage backers that entered the Pune-based company’s cap table less than two years ago. The entire IPO equity is an offer for sale by existing investors. Among the late backers getting a partial exit are growth equity firm A91 Partners, which is expected to see 3.7X returns on an investment made in 2024. According to Sedemac’s red herring prospectus, A91 Partners invested nearly ₹300 crore through primary and secondary
📝 India–Canada ink $2.6 billion Uranium supply agreement, boost economic ties
📝 Japan, India in talks to jointly develop Rajasthan rare earth deposits
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🌇 Allied Industries
MRF Ltd to invest ₹5,300 crore in New Tamil Nadu tyre plant
MRF to invest ₹5,300 crore in new tyre plant in Tamil Nadu's Sivaganga
📝 Magnesium’s Moment: A Lightweighting Must-Have – and why India can’t sit this one out
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🌢 Fuels, Lubricants
Oil prices fall after report of possible US-Iran talks amid Gulf turmoil
Oil prices fell on Wednesday, erasing earlier gains, after a report that Iranian operatives sought talks with the US to end the war on Iran, which is disrupting Middle East energy flows.
Floating Russian crude offers India lifeline as Gulf routes choked
Nearly 24 million barrels of Russian crude oil are currently floating in the Arabian Sea, emerging as a strategic cushion for India as escalating Iran-Israel hostilities — with the United States increasingly drawn into the conflict — disrupt tanker movement through the Strait of Hormuz and rattle global oil markets.
Crude surges to 8-month highs on supply disruptions in Strait of Hormuz: Brent Crude holds above $82/bbl
Crude prices are seeing sharp price action as the US-Israel conflict with Iran continues to intensify. Brent Crude prices are hovering above $82 per barrel in early trade. Continued supply disruption across the Strait of Hormuz intensified market apprehension. Around one-fifth of the global crude oil demand is carried by ships sailing through this route.
Qatar halts LNG production after attacks; India faces supply cuts up to 40%
Qatar shuts LNG output, supplies to India hit
MRPL declares force majeure on gasoline export cargoes for March, April, traders say
MRPL declares force majeure on gasoline export cargoes for March, April
Ethanol price hike due? Balrampur, Ugar, Renuka Sugars rally up to 18%
BPCL, HPCL, IOC crack up to 5% as oil prices soar on West Asia flare-up
India 'well stocked' with crude oil to meet supply disruptions: Puri
📝 India’s CNG network expands to over 8,600 stations in 2026, says Puri
📝 Petronet LNG warns of gas supply disruption after Hormuz shipping crisis
📝 Russia readies oil shipments to India amid Middle East supply disruption
📝 Russia says India shows 'renewed interest' in buying more Russian crude amid Gulf disruptions
📝 India’s 100 mn barrel crude stocks could cover 40-45 days if Hormuz flows disrupted
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EV Charging
Govt aims to disburse ₹80 crore subsidy for EV charging points under PM E-Drive by end of FY26
New Delhi: The heavy industries ministry has begun assessing proposals from state governments and state-run oil marketing companies to install charging infrastructure for electric vehicles (EV) under the ₹10,900 crore PM E-Drive scheme, with the aim of disbursing about ₹80 crore by the end of FY26, according to two people aware of the development.
HP govt mandates installation of EV charging stations in new buildings
📝 Tata.ev ties up with Hopcharge for doorstep EV charging across NCR
📝 Madurai to adopt electric vehicles with new cell and charging plans
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🌍 Emissions/Environment
Delhi air quality improves to 'moderate' category, mercury may touch 34°C
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💸 Finance & Insurance
DEG, Citi co-finance $76 million to Shriram Finance for MSME, EV loans
DEG and Citi have jointly extended a $76 million (around Rs 630 crore) co-financing facility to Shriram Finance to support lending to underserved segments, including MSMEs, smallholder farmers, and electric vehicle (EV) buyers. Under the structure, DEG has provided a €40 million loan, while Citi has extended Rs 260 crore. Citi acted as the lead arranger and coordinator for the transaction.
Axis Bank becomes preferred financier for Tesla in India
Axis Bank partners with Tesla to offer tailored fin solutions for customers
📝 Loan repaid? Vehicle hypothecation to be removed automatically under new online system
📝 Shriram Finance secures USD 76 million co-financing for economic inclusion & rural development
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📖 Magazines
Volvo rolls out biggest ever OTA update for its cars
One of the additions is the content screen, which brings commonly used apps and controls to the home screen itself. For example, changing music during navigation will no longer require leaving Google Maps. Another feature is the contextual bar that changes what drivers see depending on circumstances and displays recently used apps. A use case is the bar displaying an icon for surround-view cameras when driving at low speeds to aid in manoeuvring tight spots.
📝 Maruti e Vitara vs Tata Curvv EV compared: Which should you buy?
📝 BMW unveils R 1300 R Superhooligan
📝 Ola Roadster price cut to Rs 79,999
📝 Every electric car under Rs 15 lakh
📝 Renault Bridger Concept to preview the brand’s second sub-4m SUV
📝 Next-gen Hyundai i20 interior spied
📝 TVS overtakes Yamaha to become world’s third largest two-wheeler manufacturer
📝 KTM AG completes financial restructuring with 550 million euro loan
📝 Vinfast reveals Lac Hong 900S and 800S luxury models
📝 2026 World Car Awards Top 3 finalists announced
📝 Off-roading in a Toyota Land Cruiser Dakar Rally truck: Unbreakable
📝 5 things to know before buying the Hero Destini 110
📝 Mercedes targets triple-digit annual V-Class sales in India
📝 New Defender Sport EV expected to debut next year
📝 BMW to offer track-focused M Performance kit for M2
📝 Benefits of up to Rs 1.97 lakh on Honda City, Elevate in March
📝 Tata Tiago EV facelift spied with new design details
📝 Hero Destini 110 Performance tested and explained
📝 Up to Rs 95,000 benefits on Hyundai Verna in March
📝 Design patent for Jetour T2-based SUV filed in India
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📰 International
Toyota Motor founding family is biggest winner in unit takeover battle
For Akio Toyoda, the all-but-certain mega buyout of Toyota Industries Corp. is the ultimate legacy play. It will reshape Japan’s biggest business group, tighten his family’s grip over the Toyota group and end a protracted standoff with an American shareholder activist that tested Japan Inc.’s embrace of corporate governance reform.
📝 Harman ties up with Viasat to enable satellite voice calls inside vehicles
📝 VinFast restructures portfolio into three brand lines, unveils two ultra-luxury EVs
📝 Toyota's buyout deal is a bigger win for Elliott than for governance
📝 One-off Bugatti Mistral La Perle Rare stuns with unique pearlescent finish
📝 Audi’s China rebrand struggles as E5 Sportback sales falter
📝 Tensions rise between Tesla and the German union
📝 Vinfast showcases new Luxury models: BMW X7, Mercedes-Benz S-Class rivals?
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