Top Indian Automobile Industry News & Updates - 10 March 2026,Tuesday

🏢 Industry

Barometers trade with deep cuts; auto shares drop
The key equity indices showed a slight recovery but continued to trade with significant losses in mid-morning trade, as the escalating conflict between Iran, Israel, and the US intensified over the weekend, pushing crude oil prices higher and raising concerns over Indias rupee and macroeconomic stability. The Indian rupee also hit a record low of 92.3475 against the US dollar today, reflecting heightened pressure on emerging market currencies amid rising geopolitical tensions and a surge in global oil prices.
 
ACDelco makes India comeback as Assurance Intl signs licensing deal with General Motors
GM's ACDelco re-enters India via licensing pact with Assurance Intl
Delhi’s new EV policy could make EVs, strong hybrid vehicles cheaper
Source Credit: Gayathri Mani, The Indian Express (Delhi Print Edition)
 
📝  Maharashtra govt has revoked provisional licence of bike taxi aggregators: Transport minister
📝  At 14.4 lakh, no. of vehicles in Goa nearly equal to state population
📝  EV cos take corporate route to amp up sales
📝  Wipro Eyes Semicon foray via chip assembly route
📝  Govt tracking chip supply snags as units come alive
Read More >>

🚗 ICE Car/SUV

First-time buyers drive automatic car adoption at Skoda India
Automatic cars are rapidly gaining traction among first-time buyers, with automatics now accounting for over half of Skoda Auto India sales. The shift, led by Tier-2 and Tier-3 demand and the success of the Kylaq SUV, signals changing consumer preferences in India’s entry-premium segment.
Cars24's India used-cars CEO Himanshu Ratnoo quits amid company’s IPO plans
Cars24's India used-cars chief Himanshu Ratnoo resigns amid rejig
Hyundai launches updated Verna priced from ₹10.98 lakh
Source Credit: The Economic Times
📝  JSW MG Motor introduces 5-5-5 ownership programme for MG Majestor
📝  Toyota introduces 'Urban Cruiser Hyryder Month’ to boost hybrid SUV engagement in North India
📝  Toyota Rumion becomes affordable: Here's how
📝  Renault Bridger Concept breaks cover tomorrow; previews upcoming sub-4m SUV for India
📝  JSW’s upcoming Jetour T2 SUV scores a 5-star safety rating: Details
Read More >>

Electric Car/SUV

Tata, Mahindra roll out March-end discounts to push EV sales
If you are planning to buy an electric vehicle, this may be an opportune time. As the EV market matures and competition intensifies, automakers are sharpening their sales strategies with attractive March-end discounts. Tata Motors and Mahindra & Mahindra have rolled out incentives to lure buyers and push deliveries before the close of the financial year.
📝  SAIC patents Baojun Yunhai SUV in India; could arrive as MG’s next plug-in hybrid
📝  Tata Tiago EV, Nexon EV, Curvv EV, Harrier EV offered with discounts of up to ₹3.3 lakh
Read More >>

🚗 Luxury

📝  Ferrari 849 Testarossa set to be launched in India on March 14
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⛟ Commercial Vehicles

Tender for 6,230 electric buses deferred by a month
New Delhi: The Centre’s second e-bus tender under the ₹10,900 crore PM E-Drive scheme, for 2,900 e-buses in Ahmedabad, Hyderabad, Pune, and Mumbai, and 3,330 buses in Delhi has been deferred by one month.

The tender for 6,230 e-buses opened for manufacturers and operators on 9 January this year, and was scheduled to close on 10 March. But a 6 March notification by Convergence Energy Services Ltd (CESL), the government’s demand aggregation agency, showed the closing date was deferred to 9 April. CESL did not attribute reasons for the deferral.

The PM E-Drive scheme has an allocation of ₹4,391 crore towards subsidies for 14,028 e-buses in nine cities. While 3,330 buses for Delhi under this tender will not be subsidised, the government will cover 20-35% of the cost of procuring the remaining 2,900 e-buses in four cities.

This is the fourth time an e-bus tender under the PM E-Drive scheme was deferred. The previous tender for 10,900 e-buses under the scheme was deferred thrice, with bids closing in November 2025 instead of the planned August date.

An industry executive suggested that tender delays have become routine, which is not ideal given the pace of electrification required. "We are ready to meet the demand and participate but the delay has once again come into the picture," the executive said, speaking on the condition of anonymity.

CESL is responsible for demand aggregation and tendering of 14,028 e-buses under the scheme.

CESL, the ministry of heavy industries, which operates the scheme, and e-bus makers Ashok Leyland, Tata Motors, Eka Mobility, JBM Auto, PMI Electro and Olectra Greentech did not immediately respond to email queries.

Pune-based busmaker Eka Mobility had confirmed to Mint in January that it would participate in this tender. Tata Motors and Ashok Leyland have also said that they will participate in the tender.

City allocation
The second PM E-Drive scheme tender for 6,230 e-buses comprises eight lots spread across the five cities. Delhi, grappling with severe air pollution, will get the largest allocation of 3,330 electric buses through this round of procurement, showed the tender document, reviewed by Mint.

After Delhi, Mumbai will receive 1,500 buses, Pune 1,000, while Hyderabad and Ahmedabad will each get 200 each. These buses, excluding the ones in Delhi, will be subsidized. The demand spans multiple configurations, including 7-metre, 9-metre and 12-metre electric buses, both AC and non-AC.

To participate in all cities, bidders must pay earnest money of ₹134 crore, tender documents showed. High earnest money costs, stringent exit clauses, and infrastructural inadequacy in state government bus stations were the reasons why the earlier tender was delayed, Mint reported earlier in November 2025.

Electric buses typically cost ₹1-1.5 crore. Assuming an average price of ₹1 crore per unit, the tender could likely be worth more than ₹6,000 crore.

Electric bus makers participate in these tenders through fleet operators who are responsible for procuring the electric buses and running them for the respective city/state transport authorities.
📝  School transport safety under scanner as RTO inspects 100+ Buses across the Mumbai Metropolitan Region
Read More >>

🎤 Interviews & Features

After hours with Amit Jain, Co-founder & Group CEO, CarDekho
Weekends are for spending quality time with family. Sports, movement, and a bit of downtime help me reset both body and mind. With my extended family based in Jaipur as well, weekends also mean catching up over shared meals, long conversations, and laughter.
Explained: What are hybrid vehicles
New Delhi: Strong hybrids and plug-in hybrids combine a conventional internal combustion engine (ICE) with an electric motor and battery.
📝  Gigastamping, modular body structures to define next phase of vehicle lightweighting: Gestamp’s Miguel Angel Ferrandez
Read More >>

🏍 EV/ICE Two Wheelers

Royal Enfield Classic 350 to Honda CB350 H’ness: Top 5 retro motorcycles under Rs 2.5 lakh
A cruiser bike below Rs. 2.5 lakh rupees? Choices pop up fast when you check what Royal Enfield, TVS, Honda, and Bajaj offer. Each blends relaxed posture on the seat with good looks, while power under the hood follows close behind. Long highway stretches work fine, yet they handle tight urban lanes just as easily. Below we have mentioned these bikes in details. Peek into these top picks, then match them against engine size, fuel tank reach, weight feel, and how smooth each ride turns out.
Royal Enfield Hunter 350 vs Royal Enfield Classic 350
Royal Enfield Hunter 350 vs Classic 350: Monthly EMI comparison
📝  India's T20 World Cup win: Ola Electric introduces ‘ChampionMahotsav’ for customers
📝  From Harley Davidson to gold coins, Hyderabad developers go all out to woo homebuyers
📝  Royal Enfield Continental GT-R 750 spotted testing
📝  5 things you must know before buying the TVS iQube
📝  Matter partners with Iontra to introduce AI-driven battery intelligence
Read More >>

⚙ Components

MM Forgings plans to deploy up to 150 robots amid manpower shortage
Chennai: MM Forgings, the Chennai-based auto component manufacturer, plans to deploy 100–150 robots across its facilities to address manpower shortages and rising labour costs, according to its CMD Vidyashankar Krishnan.
📝  Uno Minda launches advanced trumpet horn range for aftermarket
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🌇 Allied Industries

India's finished steel exports jump 36.6% in April-February period
 
📝  Software-defined manufacturing: Rise of the factory operating system model
📝  Daimler Truck Innovation Center India appoints Radhakrishnan Kodakkal as MD & CEO
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🌢 Fuels, Lubricants

Crude prices falls 6% as Trump signals Iran war may end soon
Oil prices fell on Tuesday after hitting their highest ⁠level in more than three years in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions ‌to global oil supplies.
No immediate hike in petrol, diesel prices despite crude crossing $100/barrel
No immediate increase in petrol and diesel prices: Govt sources
LPG constraints: India's auto industry braces for impact on production

New Delhi: The Indian automobile industry is bracing for possible production disruptions as the government moves to prioritise petroleum gases for domestic cooking fuel amid the continuing conflict in West Asia, industry executives told Business Standard on Monday.
How India can kick the West Asian oil habit by boosting ethanol use
 
📝  Global crude price rise not to have substantial impact on inflation: Sitharaman
📝  Fuel prices unlikely to increase unless crude oil breach USD 130 per barrel, say Govt sources; LPG booking period increased to 25 days
📝  Domestic oil companies’ stocks tumble up to 9 pc as crude crosses $100 a barrel
📝  Petrol, diesel prices remain frozen despite crude oil surge government says
📝  India will not raise petrol prices despite global crude headwinds: Government sources
📝  U.S. urged India to buy Russian oil already at sea to ease supply : Energy Secretary Chris Wright
📝  Crude oil futures zoom over 26% to hit record high of Rs 10,549/ barrel
📝  West Asia conflict could boost palm oil demand from biodiesel sector
Read More >>

EV Charging

📝  State finalises renewable energy policy: Targets, funding, and incentives for solar & EVs
Read More >>

🌍 Emissions/Environment

After 48 years, India revises piston ring standards to curb carbon emissions
New Delhi: The Centre has issued an order that updates norms for piston rings – a key component of internal combustion engines (ICE) – to help reduce carbon emissions, replacing standards that had been in place since 1977. The new standards came into effect on 10 February, said the order dated 12 February.

Experts said the cost impact for most automakers was likely to be limited, as many already follow similar global specifications. However, smaller component manufacturers may need to upgrade materials and testing processes to comply with the new norms, they said.

Piston rings help reduce emissions by ensuring fuel burns cleaner and more efficiently, so these updated specifications by the Bureau of Indian Standards (BIS) are a significant development for the world's third-largest automobile market. These rings have an important role to play in controlling the amount of lubricating oil on the cylinder wall, ensuring that excess oil is scraped back into the crankcase while maintaining enough lubrication for smooth engine operation. The transport sector accounts for around 14% of India’s GHG and particulate matter emissions.

The updated standards incorporate revised dimensional tolerances, material requirements and testing procedures, and are part of the government’s plan to bring conventional ICE vehicles at par with global manufacturing standards, said a government official who did not wish to be named. They added that the need for new standards stems from significant developments in engine design, materials science, stricter emission norms, and higher fuel-efficiency requirements.
Delhi AQI stays 'poor', temperatures above normal; mercury to cross 35°C
 
📝  Maharashtra govt suspends issuance of autorickshaw permits to curb congestion, pollution: Sarnaik
Read More >>

💸 Finance & Insurance

Amazon Pay offers car, bike insurance digitally with cashless claims too
Amazon Pay has expanded its vehicle insurance portfolio, allowing millions of car owners to purchase car and two-wheeler insurance directly through the Amazon app with a fully digital process and access to nationwide cashless claims.
Read More >>

📖 Magazines

📝  Kawasaki Ninja ZX-10R gets discount worth Rs 2.89 lakh
📝  5 things to know before buying the Ather Rizta Z 2.9kWh
📝  Which variant of the 2026 Hyundai Verna should you buy?
📝  New Hyundai Verna facelift vs old Verna: What’s changed?
📝  Next-Gen AMG GT 4-Door Coupe interior revealed
📝  Government may scrap NOC requirement for inter-state vehicle transfers
📝  Government may scrap NOC requirement for inter-state vehicle transfers
📝  2026 Hyundai Verna launched at Rs 10.98 lakh
📝  Crude oil prices rise sharply over Middle East conflict
📝  All you need to know about the new Lexus ES ahead of launch
Read More >>

📰 International

Tesla billionaire Leo KoGuan doubles Nvidia stake to calm nervous market
Billionaire Leo KoGuan doubled his stake in Nvidia Corp. to 2 million shares, boosting his investment in the chipmaker at a time when the war in the Middle East has sparked a global selloff of everything from bonds to equities.
Renault CEO goes into cost-cutting mode
 
📝  China's CATL beats estimates as battery profit growth quickens
📝  Amazon's Zoox to launch command hub in Arizona, expand testing to Dallas and Phoenix
📝  US automakers risk being reduced to niche producers of gas vehicles
📝  Global auto industry off to muted start in 2026 amid macro headwinds, supply disruptions: Report
📝  US to host self-driving safety forum with Waymo, Zoox and Aurora CEOs
📝  China warns of global chip shortages as Nexperia dispute escalates again
📝  SK to cut nearly 1,000 jobs at Georgia plant as EV demand softens
📝  Volkswagen ID. Polo inches closer to production as new prototypes surface ahead of debut
📝  Mercedes-AMG GT four-door coupe interior revealed
Read More >>


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