Apollo Tyres to invest Rs 5,800 cr to expand capacity in Andhra Pradesh

Apollo Tyres announced a significant Rs 5,810 crore investment to expand its Andhra Pradesh manufacturing facility, aiming to boost passenger car radial capacity by 52% and truck and bus radial capacity by 82% by 2029. This expansion is driven by anticipated market demand and follows a strong third-quarter performance with a 40% net profit increase.

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Electric 2-wheelers to see 16-18 pc volume growth in FY28 as rare-earth supply eases: Crisil Ratings

Electric two-wheeler sales in India are set to rebound. Growth is projected at 16-18 percent next fiscal year. This follows a moderation this fiscal due to supply issues. Easing rare-earth magnet availability is a key driver. Legacy players are gaining market share. Their dealer networks and product ranges are expanding. Electric two-wheelers maintain a strong cost advantage.

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Mahindra’s biggest export bet yet: 35,000 Scorpio Pik Ups head to Indonesia in landmark deal

Mahindra & Mahindra has secured its biggest export deal. The company will supply 35,000 Scorpio Pik Ups to Indonesia in 2026. These vehicles will strengthen rural cooperatives and improve food logistics. The deal will boost village commerce and support Indonesia's food security goals. Mahindra's Scorpio Pik Ups are known for durability and low operating costs.

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Exide Industries to grow exports by taking advantage of trade deals

Exide Industries is set to significantly boost its exports to the EU and US, targeting Rs 400-500 crore in incremental revenue by FY27. The company plans to leverage the India-EU free trade agreement and favorable US tariffs to expand its market reach, particularly for premium car segment batteries and forklift batteries.

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India-US trade deal to enhance competitiveness of auto components: ACMA

India's auto component industry welcomes the new trade deal with the US. This agreement is seen as a positive step that will boost the competitiveness of Indian goods in the American market. The deal offers greater predictability for trade and investment.

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Bajaj Auto January sales rise 25% at 4,77,422 units

Bajaj Auto witnessed a significant surge in January sales. Total sales climbed by 25 percent compared to the previous year. Domestic sales also saw a strong increase of 26 percent. Both two-wheeler and commercial vehicle segments contributed to this impressive growth. Exports also showed a healthy upward trend, reflecting robust performance across markets.

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Auto sales surge as tax cuts fuel demand momentum

This marked the fourth straight month of a double-digit growth in domestic car sales. Car sales grew by 17% in October, 19% in November, and 27% in December, as consumers rushed to showrooms to benefit from price cuts on cars and SUVs following a reduction in goods and services tax (GST) with effect from September 22.

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