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BYD sells four electric vehicle models in India—eMax 7, Atto 3, Sealion 7, and Seal. The first two models are homologated in India, thus there is no limit to their imports in the country.In 2025, its sales grew 88% to 5,402 units, as per data from the Federation of Automobile Dealers Associations (Fada).

Subscribe to enjoy similar stories.India’s electric vehicle (EV) sector has strong long-term potential, especially if crude oil prices remain elevated. Since India imports most of its crude oil, higher fuel prices translate to increased petrol and diesel costs, making EVs more economical for retail customers and commercial fleet operators.EV adoption is already accelerating in two-wheelers, three-wheelers, buses, and urban delivery fleets due to their lower running and maintenance costs.

Subscribe to enjoy similar stories.HD Korea Shipbuilding & Offshore Engineering (HD KSOE) is likely to begin groundwork next month on India’s first greenfield shipyard by a global shipbuilder, entailing an investment of ₹40,000 crore, according to two people aware of the development.The company, part of South Korea’s HD Hyundai Group, is expected to sign a definitive investment agreement with the Centre and the Tamil Nadu government after the ongoing state elections to set up a mega manufacturing facility at the Thoothukudi shipbuilding cluster, the people cited earlier said on condition of anonymity. The investment pact follows a memorandum of understanding (MoU) signed on 7 December 2025 by HD Hyundai with the Tamil Nadu government for the shipyard.HD KSOE is likely to invest about ₹40,000 crore in the project in phases, which is expected to have an annual production capacity of 3.5 million gross tonnage (GT).

Mint, introduces a bank passbook-like system in which companies that meet targets earn credits, while those that fall short accumulate debits that attract penalties.Automakers with debits will be allowed to purchase credits from the Bureau of Energy Efficiency (BEE) at fixed rates set annually from 2028 to 2032, ranging from ₹2,500 to ₹4,500 per gramme of CO₂/km.While automakers will be allowed to trade credits among themselves, as is the global norm, the option to purchase credits directly from a regulator is unprecedented.“California allows fully transparent credit trading among OEMs (original equipment manufacturers), while Europe permits pooling among manufacturers,” said Amit Bhatt, India managing director at International Council on Clean Transportation, a non-profit organization that advises regulators on environmental issues.“In contrast, BEE’s proposal represents a distinct Indian approach by introducing a regulated credit purchase mechanism, effectively creating a financial compliance pathway that is not available in either benchmark jurisdiction,” he added.Queries sent to the BEE, Maruti Suzuki, Tata Motors Passenger Vehicles, Mahindra and Mahindra, and Hyundai Motor India remained unanswered.To put it simply, every automaker will have a passbook for each of the fiscal years from 2028 to 2032. A positive credit balance would indicate that the company's average annual fuel emissions are below the maximum cap.

tyre companies that normally sell more than half of their volumes in the replacement market.Within OEMs, Uno derived about 48% of its revenue from the passenger car segment in the first three quarters of FY26 (9MFY26), with Maruti Suzuki India being a prominent customer besides Hyundai Motor India.An The Economic Times report suggested Indian automakers are delaying shipments to West Asia and North Africa as escalating regional tensions have made sea routes through the Strait of Hormuz risky. Moreover, freight and insurance costs have soared.

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These appointments come even as VinFast's global headquarters remains closely involved in the operations of its India unit, with the three-member VinFast board of directors led by Pham Sanh Chau, managing director and chief executive VinGroup Asia. Chau was present at several recent company announcements on financing partnerships and the achievement of five-star safety ratings in India over the past few months.“This appears to be a conscious strategy.

Two of the world’s largest pharmaceutical companies, a chemical manufacturer, and an auto giant have established internal artificial intelligence (AI) teams and opened centres to increase automation across their businesses, as the technology’s rapid pace continues to upend business operations worldwide.Over the last 18 months, Swiss life sciences major Novartis International AG and Texas-based chemical manufacturer Celanese Corporation started AI councils to identify segments that can be automated. Indiana-based Eli Lilly and Co.

New Delhi: India’s top carmakers are seeking alternative sources for lithium-ion cells that go into electric vehicle batteries as they seek to secure supply to counter China’s unpredictable curbs.Mahindra and Mahindra Ltd, the country’s second-largest carmaker, has begun talks with Germany’s Volkswagen Group, which has a lithium-ion cell subsidiary PowerCo, for future supply, the company said at Kotak Institutional Equities’ Annual Investor Conference last week.While Tata Motors Passenger Vehicles Ltd will depend on its group firm Agratas, Hyundai Motor India Ltd has inked a partnership with Exide Industries Ltd to procure locally made cells from the gigafactory under construction in Bengaluru.Lithium-ion batteries account for more than a third of an EV’s cost. Diversifying cell supply is important after China imposed restrictions on the export of rare-earth magnets, another critical component used in building motors.

India’s long-held ambition to become a serious shipbuilding nation on par with giants such as China, South Korea, and Japan may finally get off the starting blocks in the second half of 2026, at a time when the Asian shipyards are packed with orders, with waiting periods stretching into several years.In the first instance of a global shipbuilding giant investing directly in core shipbuilding infrastructure in India, state-run Cochin Shipyard Limited (CSL) and South Korea’s HD Korea Shipbuilding and Offshore Engineering (HD KSOE)—part of the HD Hyundai Group—are in final stages of forming a joint venture to set up a $500-million manufacturing facility in Kochi, with both partners contributing equally.CSL’s chairman and managing director, Jose V.J. said a CSL team would visit South Korea this month to finalise the deal.

Subscribe to enjoy similar stories. Hybrid cars may roar past their electric cousins in the coming years after trailing them in the green transition so far, mirroring a pattern set in the US, Europe and South Korea. The debut of new fleet-wide emission norms next year could prompt more carmakers to roll out hybrids to stay compliant, an internal Bureau of Energy Efficiency (BEE) document said, signalling a structural shift in energy mix in the world's fastest-growing automobile market.

Subscribe to enjoy similar stories. NEW DELHI : JSW MG Motor India Ltd will invest about $400 million over the next four years to nearly triple its manufacturing capacity and accelerate its electric and hybrid vehicle push, managing director and chief executive Anurag Mehrotra told Mint in an interview. The Gurugram-based carmaker—a joint venture between Mumbai-headquartered JSW Group and China’s SAIC Motor—plans to expand capacity at its Halol plant in Gujarat from around 110,000 units annually to over 300,000 units in the next 12 to 18 months.

Subscribe to enjoy similar stories. Mumbai: Hyundai Motor Company has returned to the International Cricket Council (ICC) as a premier partner for two years after a decade-long hiatus. This time, the partnership is global, involving the company’s Seoul headquarters.

Subscribe to enjoy similar stories. NEW DELHI : For Indian automakers, a surge in sales after the September tax cut has been eclipsed by a new concern: soaring raw material costs. Many are contemplating price increases at the risk of suppressing demand.

Subscribe to enjoy similar stories. Hyundai Motor India Ltd’s December quarter (Q3FY26) results drew a lacklustre reaction from the Street. While Ebitda margin was flat year-on-year at 11.2%, unit economics improved slightly.

Subscribe to enjoy similar stories. The Maruti Suzuki India Ltd stock has slipped from its 52-week high of ₹17,370 seen earlier this month and fell a further ~3% on Thursday. In the December quarter (Q3FY26), normalized operating margin (adjusted for the one-time labour code impact of ₹594 crore) declined 70 basis points year-on-year to 12.4%.

Subscribe to enjoy similar stories. NEW DELHI : Just a month after Mexico doubled tariffs on car imports, South Africa is considering the option, in a one-two punch that threatens Indian automobile exports of over $2 billion. The latest move, if it takes effect, will hurt India's largest carmaker Maruti Suzuki India Ltd, and Hyundai Motor India Ltd—For Maruti, South Africa is the largest export market, while for Hyundai, it is among the top five.

Subscribe to enjoy similar stories. Chennai: India’s free trade agreement (FTA) with the European Union, announced on Tuesday, will allow European carmakers such as BMW, Mercedes-Benz India and Volkswagen Group to use imports more strategically to introduce newer models and test demand in India, without committing to local manufacturing. The deal, however, is unlikely to trigger immediate price cuts for most vehicles already sold in the country.

Subscribe to enjoy similar stories. NEW DELHI : Carmakers are staring at a compliance window of less than 15 months to start getting close to stringent upcoming emission targets that are expected to come into effect from April 2027. With the Centre not yet notifying the third iteration of the corporate average fuel efficiency or CAFE-III norms—CAFE-I and CAFE-II were notified 24 months in advance—carmakers are feeling the pressure to prepare their fleet and powertrain plans to deliver the largest mandatory emissions cut over any five-year period.

Subscribe to enjoy similar stories. Mumbai: A near-three-fold growth in passenger vehicle registrations as taxis in four years is set to intensify competition among India's carmakers in the fast growing segment. According to the government's Vahan portal data, vehicles registered for the taxi segment stood at around 312,665 in calendar year 2025, a growth of 9% from the year-ago period.

Subscribe to enjoy similar stories. The country’s top carmakers—Maruti Suzuki India Ltd, Hyundai Motor India Ltd, Mahindra and Mahindra Ltd, and Tata Motors PV Ltd—with installed capacity of 5.4 million cars, are looking to increase their capacity by up to 39% to 7.5 million cars by 2030 as they look to cash in on one of the world's fastest-growing car markets.