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Maruti Suzuki ends Ignis run as weak demand forces a micro SUV rethink

Maruti Suzuki ends Ignis run as weak demand forces a micro SUV rethink

Maruti Suzuki has reportedly discontinued the Ignis in India after continued weak sales and shrinking demand. Production has been halted for more than a month, and bookings have also been stopped. Even a price revision failed to revive interest, with February sales falling nearly 50% year-on-year, signaling a shift toward a Punch-like micro SUV.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Car prices climbed and discounts shrank yet buyers surged in FY26 record sales

Car prices climbed and discounts shrank yet buyers surged in FY26 record sales

India’s car market is setting records in FY26, but the biggest change is what buyers are paying. Carmakers tilted toward premium models, raised prices, and cut discounts—yet sales still hit a high. The pattern points to resilient demand and stronger manufacturer margins, with shoppers increasingly choosing higher-value cars.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Carmakers back CAFE III fuel rules CO2 limits begin April 2027

Carmakers back CAFE III fuel rules CO2 limits begin April 2027

Indian automakers have approved the draft CAFE III proposals, which will tighten fuel-efficiency and CO2 limits for passenger cars from April 1, 2027. SIAM says the rules strike a workable balance, while manufacturers must steadily improve fleet emissions through 2031-32. The government is expected to issue the final notification soon, with broad industry consensus already in place.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Govt says auto makers report no serious LPG supply shortage so far amid West Asia turmoil

Govt says auto makers report no serious LPG supply shortage so far amid West Asia turmoil

The government has said it has not received reports from auto component makers about any serious LPG supply shortage so far. Speaking at an inter-ministerial briefing on West Asia developments, the Ministry of Heavy Industries said it is in constant contact with the automobile industry and is taking steps to address potential supply-chain disruptions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Maruti Suzuki sets FY26 record producing 23.4 lakh units, a global first for Suzuki

Maruti Suzuki sets FY26 record producing 23.4 lakh units, a global first for Suzuki

Maruti Suzuki India posted an all-time high production of 23.4 lakh passenger vehicles in FY26, setting it apart as the only maker in India to reach that milestone. The company also became the only Suzuki Motor Corporation facility worldwide to achieve such production levels, underscoring its scale and manufacturing execution.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Skoda VW India bets on 18 new launches to double share by 2030

Skoda VW India bets on 18 new launches to double share by 2030

Skoda Auto Volkswagen India says it will outgrow the Indian passenger vehicle market by accelerating product momentum. The automaker plans 18 to 19 new models and facelifts, betting that current strong sales will help it double market share and reach 5% by 2030. The strategy is designed to secure leadership in FY27 and beyond.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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September IIP slips as weak capital goods output drags industrial growth

September IIP slips as weak capital goods output drags industrial growth

September IIP points to a softer industrial pulse, with manufactures—over 77% of the index—contracting by 3.9%. The sharpest drag came from automobiles, where motor vehicles, trailers and semi-trailers fell 14.9% year-on-year, pulling down broader output despite other components.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
BYD ups car discounts as China’s EV price war intensifies and used car values wobble

BYD ups car discounts as China’s EV price war intensifies and used car values wobble

China’s EV and car market is stuck in a deeper price war, with BYD and rivals expanding discounts despite government calls to slow them. The fight is fueled by overcapacity: factories are producing far more vehicles than the domestic market can absorb. That squeeze is now spreading through the ecosystem, dragging down used car values and pushing automakers to chase growth abroad.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Classic Legends plans major capacity expansion as bookings surge and plant nears its limit

Classic Legends plans major capacity expansion as bookings surge and plant nears its limit

Classic Legends says it is preparing a large jump in production capacity because its current plant is nearing its limit. After earlier challenges, sales have recovered sharply, leaving the company sold out with more bookings than it can fulfill today. It is now evaluating a greenfield factory and expects output to rise significantly in the coming years.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India EV Boom 2026 Faces Reality Check as Prices and Charging Gaps Stall Adoption

India EV Boom 2026 Faces Reality Check as Prices and Charging Gaps Stall Adoption

India’s EV market in 2026 is growing fast as new models and acceptance lift sales momentum. But the road ahead looks harder: high upfront costs, uneven charging infrastructure, and a challenging path to 30% EV sales by 2030. Without fixes to affordability and availability, the rollout could slow despite rising interest.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Indian CEO takes charge at Hyundai Motor India Can the carmaker bounce back fast

Indian CEO takes charge at Hyundai Motor India Can the carmaker bounce back fast

Hyundai Motor India shares gained 2.6% after a weak start as investors welcomed an Indian in the top role. The company also signaled that growth will resume, banking on fresh product launches—especially expansion into MPVs and off-road SUV segments—aimed at reversing pressure from rivals like M&M and Tata.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Taxi and e rickshaw sales surge as commuters return and demand resets for automakers

Taxi and e rickshaw sales surge as commuters return and demand resets for automakers

Motor cab and three-wheeler sales have been running hot for the past five months, supported by rising Vahan registrations. With people returning to travel and pent up demand coming through, taxis and e rickshaws are sharing the momentum, helping both commuters and automakers. Travel and tourism’s rebound is expected to keep the trend going.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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