VEHICLES
NCLT okays demerger of TaMo's PV, CV units
Tata Motors received NCLT approval for its restructuring plan. This allows the demerger of its passenger and commercial vehicle businesses. The demerger will take effect from October 1. Both entities will be independently listed on stock exchanges. This move aims to unlock value and provide sharper focus. Leadership changes are also part of this strategic overhaul.
Tata Motors board names Shailesh Chandra as MD, CEO
Tata Motors has appointed Shailesh Chandra as Additional Director, Managing Director & CEO, effective October 1, 2025, for three years. He will continue leading Tata Passenger Electric Mobility following P B Balaji’s resignation. Chandra, with experience in corporate strategy and electric mobility at Tata Motors and Tata Sons, also holds board positions in Tata Technologies, Fiat India, and international subsidiaries.
Volkswagen to take Dieselgate case to federal court
Volkswagen plans to appeal a court ruling related to the Dieselgate scandal. A court found that the company's Golf Plus TDI model had illicit defeat devices. These devices interfered with emission controls. Environmental Action Germany brought the original case in 2018. The Dieselgate scandal began in 2015. Volkswagen has paid billions in fines.
Indian who arrived in US illegally arrested for causing multi-vehicle crash in California
An Indian citizen, Partap Singh, faces arrest in the US. He is responsible for a California truck accident last year. The crash severely injured a five-year-old. Singh entered the US illegally in 2022. Authorities released him into the country. He had a commercial driver's license. Another Indian, Harjinder Singh, was arrested in August for a fatal accident.
Tension, violence in Gandhinagar over social media post; 60 people detained
In Gandhinagar's Bahiyal village, approximately 60 individuals were detained after a social media post sparked clashes. The unrest began when a youth's post, intended to counter the 'I Love Muhammad' campaign, allegedly contained derogatory content, leading to protests, vandalism of shops and vehicles, arson, and stone pelting near the village garba venue.
Number of vehicles per 1,000 people in Delhi declined from 530 in FY16 to 373 in FY24: Report
A government report reveals interesting trends in Delhi. Vehicle density decreased between 2015 and 2024. Road accidents also saw a decline during this period. DTC and cluster buses increased in number. However, daily ridership on these buses reduced. Delhi Metro ridership significantly increased. Access to public transport initially declined but later improved.
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Sikkim to open Doka-La and Cho-La battlefields for domestic tourists from October 1
Get ready, travelers. Sikkim is opening Doka-La and Cho-La to domestic tourists starting October 1. Indian tourists with voter IDs can visit under strict guidelines. Permits are needed from tourism and civil aviation departments. A fee of Rs 1,120 per person applies. Daily entry is capped at 25 vehicles and 25 bikers.
JSW Motors revs up for major new phase, eyes deals with BYD & several other other China automakers
JSW Motors is investing ₹26,000 crore to foray into India's passenger vehicle market, aiming to launch its first car by June next year. The company is in talks with BYD, Volkswagen, and Renault for technology and platforms, planning to manufacture up to 25 models by 2030.
Vehicle loans and loans against gold appear robust for NBFC: RBI bulletin
An RBI bulletin said NBFCs remain robust, with strong credit growth led by vehicle loans and gold loans, supported by higher vehicle sales and gold prices. Their credit-to-GDP ratio is rising, driven by industry and retail lending. While profitability and asset quality remain healthy, NBFCs must strengthen cyber resilience and adapt to AI-driven opportunities, alongside reliance on bank borrowings and debentures.
ET Prime Special Series: Multibagger or IBC - Part 25: Will retrofits help this company reinvent itself in the EV age?
On one side, exports account for nearly 40% of its business, helping it hedge against domestic cycles. On the other, its fortunes remain tied to an industry where EV transition is erasing traditional strengths. Its core ICE product, once present in every engine, has no role at all in EVs. To counter that, the company has launched EV retrofit kits for LCVs. And heavy truck retrofits are next. For a sector where firms depend on OEM orders, the company’s attempt to build a direct relationship with fleet operators may mark a significant shift in how suppliers participate in the EV value chain. This series on auto ancillary companies works with the assumption that, from the whole set of auto ancillary companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt.
Montra Electric to unveil eHCV commercial manufacturing plant in Manesar
Murugappa Group's Montra Electric HCV (IPL Tech) is set to launch its advanced electric heavy commercial vehicle manufacturing facility in Manesar, Haryana. This facility, designed to produce 6,000 eHCVs annually, features an all-women fully automated battery production unit. The plant incorporates advanced automation, Industry 4.0 practices, and aims for 74% local component sourcing, excluding imported cells.
Xbattery raises $2.3 million to fuel battery innovation
Hyderabad-based deeptech startup Xbattery secured $2.3 million in funding led by the Bipin Patel Family Office and Jhaveri Credits. Founded in 2024, Xbattery will utilise the capital to enhance its R&D facilities and expand its teams, focusing on developing next-generation Battery Management Systems for electric vehicles and stationary applications, aiming to reduce reliance on foreign products.
IdeaForge, First Breach form JV 'First Forge' to manufacture & supply drones in US
IdeaForge Technology collaborates with First Breach, a US firm. They will supply Unmanned Aerial Vehicles to the United States. A joint venture, First Forge Technology Inc, will handle licensing and manufacturing. It will also distribute specific UAVs in the USA. This partnership aims to tap into the US drone market. The venture is subject to regulatory approvals.
Suzlon to switch entire fleet to EVs by 2035
Suzlon, committed to sustainability, pledges to transition its entire vehicle fleet to electric by 2035, joining the Climate Group's EV100 initiative. This move involves electrifying 655 vehicles, significantly reducing Scope 1 emissions and supporting India's Net Zero goals. Suzlon is the first Indian renewable energy company to join EV100, reinforcing its leadership in climate action.
Dulquer Salmaan raids: Two luxury cars with forged Army and embassy seals seized from Lucky Bhaskar actor's home
Customs officials conducted raids across Kerala. They targeted illegally imported luxury cars from Bhutan. The operation, named 'Operation Numkhor', seized 36 high-end vehicles. Forged documents, including those with Army and US Embassy seals, were used. The investigation revealed potential links to gold smuggling, drug trafficking, and money laundering. Movie stars Prithviraj Sukumaran and Dulquer Salmaan are under scrutiny.
Carmakers see booking surge as GST rate cuts boost demand
India's passenger vehicle industry is experiencing a surge in customer orders following the GST rate cuts. Carmakers like Maruti Suzuki and Hyundai Motor India have seen bookings jump nearly fourfold, fueled by positive consumer sentiment. Deliveries of new orders are expected to keep showrooms busy until December, with car sales during Navratri anticipated to be significantly higher than last year.
GST cut to increase sales of light commercial vehicles by 30 pc during festivals: Ashok Leyland official
Ashok Leyland anticipates a significant surge in light commercial vehicle sales. This boost is expected due to reduced Goods and Services Tax rates. The company projects a 25 to 30 percent increase during the Navratri and Diwali festive season. Ashok Leyland is also expanding its service network in central India.
Lucky Bhaskar star Dulquer Salmaan's home raided in luxury vehicle smuggling case
Customs officials in Kerala are conducting raids at multiple locations, including the residences of actors Prithviraj and Dulquer Salmaan, as part of "Operation Numkhor." The operation investigates alleged tax evasion involving luxury vehicles imported from Bhutan using fraudulent registrations. Authorities are examining vehicle documents and have detected approximately 15 violations related to this scheme.
India's billionaire list gets new name as Belrise Industries stock soars to record high
Shrikant Badve of Belrise Industries joins India’s billionaire club as shares hit ₹162.70, up 81% since May, valuing his 59.56% stake at ₹8,623 crore.
Operation Numkhor: Customs carry out raid to curb illegal vehicle imports to Kerala from Bhutan
Customs officials are conducting raids across Kerala. The operation, named 'Operation Numkhor', aims to uncover tax evasion. Authorities suspect individuals are registering vehicles from Bhutan with fake documents. This is done to avoid paying taxes. Raids are happening at multiple locations, including the residences of actors Prithviraj and Dulquer Salmaan. Officials are checking vehicle documents.
Insurers plan performance-linked battery cover as EVs gain traction
Insurers are adapting motor insurance for electric vehicles (EVs) to address battery-related risks, a major EV cost component. Performance-linked battery failure coverage is being developed, unlike internal combustion engine (ICE) vehicles where claims are mainly accident-related. Insurers are collaborating with automakers to create specialized covers, including residual charging protection and performance guarantees, reflecting the unique needs of EVs.
Ultra Gas & Energy to invest Rs 900 crore to expand LNG retail network
Essar group's Ultra Gas & Energy Ltd will invest Rs 900 crore. The investment aims to expand its liquefied natural gas retail outlets. The company plans to establish 100 outlets across India. Currently, UGEL operates six stations. These stations are located along major freight corridors. The expansion includes infrastructure for electric vehicle charging.
Euler Motors introduces 1 tonne e-mini truck; expects faster adoption of electric SCVs
Euler Motors introduces the Turbo EV 1000, a 1-tonne electric mini-truck, priced at Rs 5.99 lakh. The company anticipates strong growth in the electric small commercial vehicle segment. They expect positive policy changes and GST reforms to boost fleet economics. Hero MotoCorp acquired a 32.5 per cent stake in Euler Motors earlier this year.
Nissan showcases assisted driving system using UK startup Wayve's technology
Wayve, which has received funding from SoftBank Group and Nvidia, opened a testing and development centre in Japan earlier this year. The prototype vehicles are equipped with 11 cameras, five radars and one lidar sensor, and offer Level 2 autonomous driving capabilities, which require drivers to be ready to take over with hands on the wheel.
The invisible fortress: Inside the secret world of VIP armoured cars
Armored vehicles, designed to safeguard high-profile individuals, represent a complex intersection of security and public safety. Carmakers discreetly develop these mobile fortresses, balancing impenetrable protection with the need to minimize harm to the outside world.
Tesla wins approval to test autonomous robotaxis in Arizona
Tesla gets the green light to test its autonomous robotaxis in Arizona. The Arizona Department of Transportation approved the trial with a safety monitor. Earlier, Tesla applied for a permit to begin trials for an autonomous vehicle ride-sharing service. The robotaxis will be tested in the Phoenix Metro area. It is unclear when the trials will start or end.
Porsche CEO Oliver Blume sees 'tough and long' road ahead in major product overhaul
Porsche AG anticipates prolonged margin pressures due to a shift in its product strategy, prioritizing combustion engine models in response to lower-than-expected electric vehicle demand. CEO Oliver Blume announced a restructuring, cautioning that it would be a "tough and long road" for the luxury sportscar maker. This adjustment reflects a recalibration of Porsche's mid-term plans.
Srinagar-Jammu national highway reopens for heavy vehicles after three weeks
The Srinagar-Jammu national highway has reopened for heavy vehicles. It was closed for three weeks. This allows fruit-laden trucks to travel across the country. The highway closed due to heavy rains and flash floods. Authorities prioritize clearing stranded vehicles loaded with fruits. Drivers must follow traffic advisories to prevent accidents. The closure raised concerns among fruit growers about reaching markets.
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