Nirmala Sitharaman The outlay for the Production Linked Incentive (PLI) scheme for automobiles and auto components has been almost doubled in the Union Budget for 2026-27 to ₹5940 crore. Not only is the outlay a substantial increase from the budget estimates for the current fiscal (₹2974.61 crore), it has also come despite a large portion… Continue reading Budget 2026: Allocation for auto PLI doubled despite lower utilisation in FY26
Tag: Tata
Heavy Truck Demand Fuels 30% Sales Surge for Tata Motors
Tata Motors Limited reported a 29.9% year-on-year increase in commercial vehicle sales for January 2026, a performance driven by a sharp rebound in heavy industrial hauling and a burgeoning international presence. The company, which serves as a primary barometer for industrial activity, moved 41,549 units during the month, compared to 31,988 units in the same… Continue reading Heavy Truck Demand Fuels 30% Sales Surge for Tata Motors
India’s PV Market Estimated To Have Clocked Record January Sales With 4.5 Lakh Units
India’s passenger vehicle market is estimated to have clocked about 4.5 lakh units in January 2026 wholesales, marking the highest-ever performance in any January, and the second-highest for any month. Record dispatches come on the back of strong retail demand and lean inventory management at dealerships, which helped carry the post-GST cut and festival season… Continue reading India’s PV Market Estimated To Have Clocked Record January Sales With 4.5 Lakh Units
Budget FY27: Allocation estimates for PLI Auto at Rs 5,940 crore
The Union Budget for 2026-27 (FY27) has allocated Rs 5,940 crore for the Production Linked Incentive (PLI) Scheme for Automobiles and Auto Components under the Ministry of Heavy Industries. The Rs 25,938-crore output-linked incentive scheme was launched in 2021 and will run till March 31, 2028 (FY28). Budget documents show that in FY25, the scheme… Continue reading Budget FY27: Allocation estimates for PLI Auto at Rs 5,940 crore
Can Budget take a leaf out of China’s BYD story to give India its own EV giant?
In 1995, a small firm began operations in China’s Shenzhen with just 20 employees and limited capital. Just three decades later, before it even turned 30, BYD is the world’s largest electric car company, having overtaken Tesla. Its rise was fuelled not just by technology, but by sustained state backing. Estimates suggest BYD received around… Continue reading Can Budget take a leaf out of China’s BYD story to give India its own EV giant?
Tata Motors Passenger Vehicles Hits Record Volumes, Despatches Over 70,000 Units in January 2026
Strong demand following the recent GST cut, incremental volumes from the Sierra, and sustained traction for its compact SUV portfolio helped Tata Motors Passenger Vehicles Ltd post another record-high monthly performance in January 2026. The company sold 71,066 passenger vehicles across domestic and international markets during the month, a 47.1 percent year-on-year increase from 48,316… Continue reading Tata Motors Passenger Vehicles Hits Record Volumes, Despatches Over 70,000 Units in January 2026
Hyundai Motor India Limited Signals Comeback Intent with Record Sales in January 2026
Hyundai Motor India Ltd (HMIL) reported its highest-ever monthly domestic sales in January 2026, opening the calendar year with record volumes after a period of heightened competitive pressure in the Indian passenger vehicle market. The company sold 59,107 units in the domestic market, a 9.5 percent year-on-year increase, while total sales, including exports, rose 11.5… Continue reading Hyundai Motor India Limited Signals Comeback Intent with Record Sales in January 2026
Chinese carmakers cash in on Britain’s EV credits
Chinese carmakers are expected to cash in on Britain’s net zero mandate after it emerged that major manufacturers will have to pay rivals to avoid fines. Eight carmakers including Jaguar Land Rover and Toyota did not sell enough electric cars or low-emission vehicles last year to meet government mandates, according to an industry analysis. Four… Continue reading Chinese carmakers cash in on Britain’s EV credits
German FAZ: VW alone at home010501
The VW Golf is once again the best-selling car of the year in Germany. Despite a noticeable decline, the Wolfsburg compact car will not be dethroned in 2025 either. The SUV T-Roc, which competes in the same category, takes second place, and the medium-sized SUV Tiguan takes third place. Volkswagen therefore has the podium for… Continue reading German FAZ: VW alone at home010501
Chinese car firm Chery to open European base in Liverpool
Chery’s electric vehicle production line in Wuhu, China. The carmaker is considering building a plant in the UK as part of a ‘localisation’ strategy. Photograph: China Daily/Reuters View image in fullscreen Chery’s electric vehicle production line in Wuhu, China. The carmaker is considering building a plant in the UK as part of a ‘localisation’ strategy.… Continue reading Chinese car firm Chery to open European base in Liverpool