Top Indian Automobile Industry News & Updates - 06 March 2026,Friday
🏢 Industry
India’s EV overdrive, powered by PM E-Drive
The government has started vetting proposals from states and oil marketing companies to build EV charging stations under the ₹10,900 crore PM E-Drive scheme. The aim to disburse ₹80 crore for chargers by the end of FY26. Of the total outlay, ₹2,000 crore is earmarked to support over 72,000 charging stations, with subsidy covering up to 70%–100% of infrastructure costs at public sites.
Sugar, green energy associations write to Niti Aayog against automakers objecting to net zero report
New Delhi: The Indian Sugar and Bio-energy Manufacturers Association (ISMA), Indian Federation of Green Energy (IFGE) and National Federation of Cooperative Sugar Factories (NFCSF) have written to Niti Aayog saying certain automobile manufacturers objecting to Niti Aayog’s classification of flex-fuel vehicles (FFVs) and compressed biogas (CBG) vehicles do not adequately reflect India’s broader economic, rural and energy security interests.
Domestic auto sales to moderate in FY27; post-GST demand normalisation
India’s domestic automotive sales volume is expected to grow moderately at 5-8% year-on-year in FY27. India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the auto sector for FY27. The domestic auto sales volume growth was 7-10% in FY26, driven by the personal mobility segments, mainly 2-wheelers and passenger vehicles. The country’s auto component industry revenue is forecasted to grow at 8-10% y-o-y in FY27.
Strong demand, new launches drive double-digit growth in auto wholesales in Feb: Report
Auto companies in India registered double-digit growth in wholesale volumes in February 2026, supported by strong demand across segments, according to a research report by Aditya Birla Capital.
Auto retail sales hit record high of 24.09 lakh units for February: Dealers’ association
Auto retail sector posts record sales at 2.41 mn units in February: Fada
Sanand 2.0's swift semicon wave accelerates India's chip ambitions
Source Credit: Nivedita Mookerji, Business Standard
American semiconductor major Micron, which started its chip assembly, testing, monitoring and packaging (ATMP) facility in Sanand, Gujarat, a few days ago, had speed in mind while deciding the location of its India plant. The Idaho-headquartered company, which has plants across the world, had two options in India — Dholera and Sanand in Gujarat — both of which are developing as manufacturing hubs.
Record Feb dispatches lift Nifty Auto index 1%; GST 2.0 seen aiding demand
📝 Mercedes-Benz India's R&D unit joins hands with IIT-Delhi for 5-year research collaboration
📝 Indian automakers delay MENA exports as Strait of Hormuz tensions disrupt shipping: Report
📝 Lam fast building Indian semicon pipeline to service global market: Executive
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🚗 ICE Car/SUV
📝 Mahindra Vision S SUV, Scorpio N pickup and Thar facelift spotted testing in Manali
📝 Deliveries of Nissan Gravite begin across India
📝 Hyundai Exter, Alcazar, i20 available with massive discounts in March
📝 Nissan Tekton spied testing: All about Duster, Creta rival
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Electric Car/SUV
JSW MG Motor EV sales fall in February despite 46% market growth
Sales of JSW MG Motor’s electric cars declined in February as competition intensified in India’s fast-growing EV market. The company sold 3,343 units during the month, down about 4% from 3,483 units a year earlier.
📝 VinFast vrooms ahead of BYD in early 2026 as India EV race heats up
📝 Most affordable electric cars under Rs 15 lakh: Maruti e-Vitara, MG Comet and more
📝 5 electric cars I would buy if my daily commute were under 40 km
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🚗 Luxury
EPA Group- The workshop redefining luxury car servicing with transparency and precision.
Pune, India: Sometimes, the best businesses are born out of unmet expectations. For the founders of European Performance Automotive Group, the turning point came from their own disappointing experiences as luxury car owners. Repeated visits to both local garages and authorised dealerships revealed a troubling pattern - unclear diagnostics, limited transparency, inconsistent communication, and repair bills that lacked detailed justification. While dealerships charged premium prices, independent garages often lacked structured systems and accountability. The gap between trust and technical competence was evident.
📝 2026 Mercedes-Benz V-Class in India: Spacious, stylish, and packed with features
📝 Maserati delivers one-of-a-kind GranCabriolet and Grecale models in India
📝 Neue Klasse-based BMW i3 teased ahead of March 13 debut: What we know so far
📝 Shahid Kapoor buys Rs 2.9 Cr Mercedes-Benz G 450d: Only 50 for India!
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⛟ Commercial Vehicles
Unrest casts shadow on India’s CV exports
Iranian missile strikes across the Gulf have injected fresh uncertainty into a region that has become a key export market for India’s commercial vehicle (CV) makers in recent years. Iran’s retaliatory strikes on US bases, now in their fifth day, have affected Gulf cities including Dubai, Doha, Bahrain and Kuwait, raising concerns over shipments to the Gulf Cooperation Council (GCC), which accounts for nearly a fourth of India’s truck and bus exports.
Force Motors shares plunge 8% from day's peak after this SEBI order. Check details
Force Motors share price dropped 8% from its intraday high on Thursday, March 5, after the company received a new notification from the Securities and Exchange Board of India (SEBI) requesting comprehensive details about its Q2 FY25 financial results and insider trading practices.
Commercial vehicle sales up 29% in February; Tata Motors retains lead
Chennai: Commercial vehicle (CV) retail sales in India rose 29 per cent year-on-year in February 2026 to 1,00,820 units compared with 78,219 units in the same month last year reflecting steady freight activity and improved fleet utilisation, according to Federation of Automobile Dealers Associations (FADA) data.
SEBI seeks details from Force Motors about results disclosures pertaining to FY24, FY25
📝 Keto Motors receives CMVR type approval for Urbanova KE9 electric bus
📝 3ev Industries, 3eco Systems to deploy AI dashcams in 10,000 e3W
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🎤 Interviews & Features
📝 5 SUVs I would pick if I had to deal with tight parking spots every day
📝 5 SUVs I would pick under ₹15 lakh if a 360-degree camera were a must
📝 Maruti 800 converted to Lamborghini! Jharkhand man's 'Jugaad' goes viral
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🏗 Construction & Agriculture
📝 India’s tractor industry faces muted growth amid El Nino concerns, says HSBC
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🏍 EV/ICE Two Wheelers
Own a Royal Enfield Bullet 350? Complete list & price of genuine accessories
The Royal Enfield Bullet 350, one of the bestselling retro-themed cruiser motorcycles in India, has been a leading revenue churner for the brand for a long time. The Royal Enfield Bullet 350 carries a timeless design, which is one of the key USPs of the motorcycle, along with the powerful 349 cc single-cylinder, air-oil cooled J-series engine that is mated to a five-speed gearbox, and is capable of churning out 20.2 bhp peak power at 6,100 rpm and 27 Nm of maximum torque at 4,000 rpm.
Top two-wheeler makers rev up EV supply, distribution to boost penetration
New Delhi: Traditional two-wheeler makers such as Hero MotoCorp Ltd, TVS Motor Company Ltd and Bajaj Auto Ltd are looking to ramp up the supply of electric scooters in a bid to increase their share in overall sales, which has grown slowly over the past couple of years.
📝 Matter ties up with US-based Iontra to integrate AI-driven battery intelligence into e2ws
📝 Brixton Crossfire 500 Storr available in Malaysia, gets new yellow colour scheme
📝 Ultraviolette introduces BaaS for X-47, lowers upfront price by over ₹1 lakh
📝 Is Royal Enfield preparing to update the Guerrilla 450?
📝 Ducati Desmo450 MX motocross bike to launch in India soon
📝 Ola Roadster prices drop to ₹79,999, more offers on S1 Pro and S1 Pro+
📝 BMW R 1300 R Superhooligan unveiled as 1976 Daytona tribute
📝 Ultraviolette X-47 now starts at Rs 1.49 lakh! BaaS pricing, details explained
📝 Motilal Oswal buys 1.65% stake in Zelio E-Mobility for ₹9.8 crore
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⚙ Components
Auto component industry to grow 8–10% in FY27 faster than auto sector’s 5–8%: India Ratings
Mumbai: Domestic vehicle demand is projected to grow 5-8 per cent in FY27, moderating from the estimated 7-10 per cent growth in FY26, as the industry moves beyond the post-pandemic recovery phase and faces a higher base effect.
Bharat Forge share price surges 3.5% after sharp jump in North America Class 8 truck orders
Bharat Forge share price gained as much as 3.50% in Thursday's trading session after preliminary data from FTR Intelligence showed that North America’s Class 8 truck net orders jumped to 47,200 units in February, marking a 47% increase from the previous month and a 159% surge compared with the same period last year.
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🌇 Allied Industries
Not MRF, not CEAT: 3 reasons why Emkay Global predicts 36% rally in this tyre stock
Surging crude prices have triggered concerns for a host of manufacturing companies. The tyre industry is one such example. The share price of Apollo Tyres has seen a sharp 5% correction in 5 days. However, Emkay Global has maintained a ‘Buy’ rating on Apollo Tyres and set a set a a target price of Rs 600. This implies over 36% upside potential for the stock from current levels. The brokerage house is betting on a robust demand outlook, strong pricing power, capacity expansion, and many other factors behind retaining the rating.
📝 Tata Elxsi launches GenAI platform DevStudio.ai to boost automotive software engineering
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🌢 Fuels, Lubricants
Urals tankers reach India, “never stopped buying Russian oil,” says official
With tanker traffic through the Strait of Hormuz slowing sharply amid the escalating US-Israeli conflict with Iran, Indian refiners have begun tapping Russian crude aboard vessels floating off the country’s coast, government and industry sources said.
Russian crude oil cargoes swing back to India as Iran war hits supply
Two Russian oil cargoes that had been signalling East Asia as a destination have switched to India, according to ship-tracking data, suggesting New Delhi is becoming more willing to take the crude as the Middle East conflict worsens.
City gas distributors’ CNG margins hinge on OMC price hike call
Shares of Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) have slipped 7% and 10%, respectively, in the first three trading days of this week, after the US and Israel attacked Iran over the weekend.
Russia always open to supplying crude oil to India: Envoy
New Delhi: Russian Ambassador Denis Alipov on Thursday said Russia has always been willing to supply crude oil to India, despite growing concerns about the rising costs of petroleum products in light of the West Asia conflict.
No significant upside to $63/bbl Brent price estimates for 2026: Fitch
New Delhi, Mar 5 (PTI) The $63/bbl estimation for average Brent crude price for 2026 is unlikely to see any significant upside as the Strait of Hormuz closure would be only temporary and global oil market oversupply should limit oil price rises, Fitch Ratings said.
Oil jumps 5% on supply concerns as Iran conflict widens
Houston: Oil prices jumped 5% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran disrupted supplies and shipping, driving some major producers in the Middle East to reduce output.
India not running short of oil, gas amid Middle East crisis: Report
According to the ANI report, India is in a very comfortable position with regard to her energy security. The current position of stock is comfortable and the stock is being replenished every day,
HPCL resumes Russian crude oil purchases after three-month gap: Report
West Asia crisis may hit trade, LNG supply if disruption persists: Crisil
📝 Iran Israel War | U.S. issues 30-day waiver to allow India to purchase Russian oil amid West Asian supply woes
📝 India scrambles for crude as Gulf war hits supplies
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EV Charging
📝 JSW MG Motor’s e-Hub aggregates 22,500 EV charging points nationwide
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🌍 Emissions/Environment
Delhi air quality improves to 'moderate' aided by strong surface winds
📝 Automakers split over zero emission vehicles classification
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📖 Magazines
📝 Opinion: Taking a leaf out of the new Mercedes S-Class launch
📝 Hero Destini 110 price and variants explained
📝 Mahindra BE.07 spied testing for the first time
📝 New Lexus ES India launch on March 20
📝 Top 3 reasons to buy and 2 to skip the Range Rover Sport
📝 TVS Ntorq 125 price and variants explained
📝 Top 10 carmakers in February 2026 as per retail sales
📝 Chasing the Winterline
📝 BMW Neue Klasse i3 to debut globally on March 18
📝 Ultraviolette X-47 and F77 prices reduced with BaaS
📝 All you need to know about the new Range Rover Velar
📝 Tata offering benefits of up to Rs 1.71 lakh on the Curvv EV
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📰 International
Oil prices rise as West Asia crisis chokes off vital oil, gas supply
📝 Talking about new engine, Mercedes F1 boss makes Epstein gaffe
📝 Tesla UK car sales drop 37% as Chinese competition heightens
📝 BYD launches new generation Blade Battery with rapid charging in cold environments
📝 Ford to recall nearly 605,000 vehicles in US over windshield wiper issue, says NHTSA
📝 Honeywell to integrate Battery MXP automation platform at Alabama Mobility and Power Center
📝 Continental sets broad 2026 goals for tyres business in volatile market
📝 VW's once all-electric Scout brand sees big demand for hybrid models
📝 Volvo cars sales volumes drop as US tariffs hit, but fully electric cars shine
📝 Stellantis, Toyota, Subaru not listed In Tesla’s 2026 carbon pool, EU filing reveals
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