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Mahindra overtakes Tata Motors in EV revenue as new SUVs spark FY26 surge

Mahindra overtakes Tata Motors in EV revenue as new SUVs spark FY26 surge

Mahindra & Mahindra has become the top EV seller by revenue in FY26, dethroning Tata Motors after the launch of new electric SUVs. Despite the revenue shift, Tata Motors still leads on the number of EV cars sold. The broader EV market also expanded sharply, with rising registrations and fresh models expected to accelerate growth further.

Summarised by Beize from a story on The Economic Times on 1 May 2026
India used car market set to double to 70 billion by 2031 report reveals drivers

India used car market set to double to 70 billion by 2031 report reveals drivers

India’s used car market is expected to nearly double to around $70 billion by 2031 from about $35 billion today, a Redseer Strategy Consultants report says. Growth is being powered by greater affordability, shorter ownership cycles and rising buyer demand as more customers look for value without sacrificing mobility.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026

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Passenger vehicle growth set to slow to 4 to 6 percent in FY27 amid macro risks

Passenger vehicle growth set to slow to 4 to 6 percent in FY27 amid macro risks

ICRA expects India’s passenger vehicle growth to moderate to 4–6% in FY27 after a strong FY26, citing a high base alongside macro risks and a potentially weak monsoon. Demand is still expected to hold up due to GST-related support and fresh vehicle launches. Utility vehicles are forecast to keep leading sales, while exports have risen meaningfully.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Renault plans seven new models in India by 2030 and turns Chennai into export hub

Renault plans seven new models in India by 2030 and turns Chennai into export hub

Renault says it will launch seven new models in India by 2030, betting the country will rank among its top three global markets. The automaker also plans to transform its Chennai plant into a global export hub, signaling a major push to expand its India footprint and capture more market share.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Mercedes-Benz India sales jump 7 percent as luxury demand and EV interest surge

Mercedes-Benz India sales jump 7 percent as luxury demand and EV interest surge

Mercedes-Benz India reported a 7% rise in Q1 2026 sales to 5,131 units, pointing to sustained strength in the luxury segment. The company expects another record year in 2026-27, led by high-end demand and growing interest in electric models. Mercedes-Benz also plans value-led expansion with launches including the CLA BEV and new AMGs.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
West Asia conflict could squeeze India auto exports and supply chains, FADA warns

West Asia conflict could squeeze India auto exports and supply chains, FADA warns

FADA’s president warns that a prolonged West Asia conflict could disrupt India’s automobile sector, particularly through weaker vehicle exports and supply challenges for key commodities like oil and aluminium. While the domestic market is holding up better, dealers and industry leaders are monitoring risks that could translate into higher costs, slower deliveries, and export headwinds.

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

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