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German luxury carmakers split on hybrids as EV sales surge

New Delhi, July 11 -- India's two largest luxury carmakers, Mercedes Benz and BMW, are seeing electric vehicles (EVs) account for a sharply rising share of their sales, but they remain divided on the ... Read More


Exide targets first EV cell revenue in Q3 FY27, joins Tata Agratas in commercialization

New Delhi, July 10 -- India's largest battery maker, Exide Industries Ltd, expects to book its first revenue from electric vehicle cell manufacturing in the October to December quarter of the financia... Read More


Honda wants more of its premium motorcycles to come to Indian factories

New Delhi, July 10 -- The country's second-largest two-wheeler company, Honda Motorcycle and Scooter India (HMSI), wants to bring more of its global premium motorcycle models to India and localise the... Read More


Agratas filings reveal deeper role of Chinese-owned firm in Tata's EV battery push

New Delhi, July 9 -- Agratas Ltd, the Tata Group's UK battery unit, paid over £40 million ( Rs.480 crore) to AESC Apollo Holding across fiscal years 2025 and 2026, the company's UK filings reveal... Read More


Conglomerates tap group firms as new-age rivals corner e-bus tenders

New Delhi, July 7 -- India's legacy commercial vehicle makers are increasingly turning to their group companies for electric bus orders, as aggressive bidding by newer rivals squeezes them out of gove... Read More


EV surge, tariff impact turns India into net auto parts importer in FY26

New Delhi, July 7 -- A surge in electric vehicle sales turned India into a net importer of auto components in the financial year 2026, snapping a two-year run as a net exporter. According to data rel... Read More


New supplier tension sparks another insolvency plea against Ola Electric

New Delhi, July 6 -- Two key suppliers of Ola Electric Technologies Pvt. Ltd, the operating arm of listed Ola Electric Mobility Ltd that accounts for nearly all of its revenue, have moved the National... Read More


Mint Explainer: Electric tractor probe puts India-China business ties to the test

New Delhi, July 6 -- India has launched an investigation into the alleged dumping of electric tractors from China. Mint explains why the probe matters-and why the issue may extend beyond electric trac... Read More


Tata Agratas increases loan to more than £1 billion, pushes back repayment deadline as battery project accelerates

New Delhi, July 3 -- Tata Group's UK-based battery firm, Agratas Ltd, will draw £1.15 billion ( Rs.14,000 crore) in loans from a consortium of banks, which has approved increasing the amount by 5... Read More


TVS's Rs.2,000-crore Norton gamble is set for the market test

New Delhi, July 2 -- TVS Motor Co. Ltd has booked nearly Rs.2,000 crore in losses at its British premium motorcycle brand, The Norton Motorcycle Co., since acquiring it in 2020-equivalent to about one... Read More