SIAM said the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in April 2026 was 29,22,427 units. File The first month of FY2027 posted high double-digit growth in passenger vehicles, three-wheelers, and two- wheelers according to wholesales data released by the Society of Indian Automobile Manufacturers (SIAM) on Thursday (May 14, 2026). This is … Read more
In the electric PV category, total sales were at 1,99,923 units in FY26 as compared to 1,08,873 units in FY25, a growth of 83.63%. File image used for representation only. Total electric vehicle retail sales in India grew by 24.6% at 24.52 lakh units in FY26 as compared to the previous fiscal, with every category … Read more
Road transport minister Nitin Gadkari said India must develop world-class infrastructure to achieve its target of becoming a $5 trillion economy and the third largest in the world, as the prime minister envisions. To meet this goal, priority is being given to four key sectors including water, power, transport and communication, Gadkari said in his … Read more
Key points related to the buyback are – 4,00,000 equity shares, representing 1.41% of the total shares would be bought back at Rs 10,000/ share i.e, Rs 4,000 crore of total consideration (excluding the associated costs and fees). Company may later decide to increase the buyback price without increasing the total consideration amount of Rs … Read more
Bajaj Auto (BAL) has sought RBI approval for setting up a new NBFC. The application is currently under consideration by the regulator. The proposed NBFC is for captive financing of Company’s two wheelers and three wheelers. Currently more than 40% of BAL’s vehicles get financed by Bajaj Finance (BFL, the group company), which in turn … Read more
Mahindra & Mahindra (M&M) is currently undergoing an extensive reorganisation exercise. It recently, Separated out the Passenger EV business Sold stake in the renewable business Partnered Actis to develop warehousing Now it has announced separating out the Last Mile Mobility Business and is also raising external funding in it from IFC. Last mile mobility business … Read more
MD of Tube Investments of India (TII) has said that the Company will be soon launching electric tractors and three wheelers. Key points to note – Initially a low HP electric tractor will be launched, maximum by July 2022. Electric three wheeler will be launched by August 2022. Both these segments are selected as the … Read more