No Respite for Tata Sons as RBI tightens NBFC-UL norms, listing pressure mounts
The RBI’s latest amendments to the Scale-Based Regulation framework have effectively shut the door on any regulatory relief for Tata Sons, reinforcing the requirement for the holding company to transition…
SIAM withdraws E20 fuel quality letter, says findings need further technical validation
The Society of Indian Automobile Manufacturers (SIAM) has withdrawn a letter sent to the Ministry of Petroleum and Natural Gas that had raised concerns over quality and its alleged impact…
Maruti Suzuki profit falls for second straight quarter despite strong sales
New Delhi: Maruti Suzuki India Ltd’s profit fell for a second consecutive quarter in April-June as soaring commodity and logistics costs triggered by the West Asia conflict eroded margins, overshadowing…
Govt may include electric two-, three-wheelers in cybersecurity rules after battery-draining apps trigger concerns
NEW DELHI: The government may include electric two-wheelers and electric three-wheelers in its upcoming vehicle cybersecurity rules in light of recent instances of Bluetooth-based apps being used to drain the…
Mahindra surges, Hyundai stutters in headwind-heavy first quarter for carmakers
New Delhi: In a tale of contrasts, India’s second-largest carmaker (M&M) reported double-digit surge in revenue and profit in the April-June quarter, while fourth-placed saw revenue growth stall and net…
E-truck, e-bus makers to seek another exemption from localization norms due to non-availability of rare earth magnets
New Delhi: Indian manufacturers of electric trucks and electric buses may seek another extension of exemption from localization rules under the ₹10,900 crore scheme due to the continuing unavailability of…
Speed shift: Indian auto component makers accelerate product development timelines to counter Chinese competition
At least four Indian auto component makers—Samvardhana Motherson, Varroc, Tenneco Clean Air and Sona Comstar—are quickening the pace of vehicle development following a push by automakers to launch cars faster…
Delhi’s EV gamble: Has India finally reached the tipping point where mandates can work?
Delhi’s radical new electric mobility policy coincides with a well-known tipping point that India hit earlier this year, a threshold that could see the domestic electric vehicle market shift gears…
TVS Motor may carve out financial services unit to strengthen and unlock shareholder value
New Delhi: TVS Motor Company, India’s third-largest two-wheeler maker, may carve out its financial services business, making it the second major two-wheeler manufacturer after Bajaj Auto to pursue such a…
Are REEVs electric vehicles? Or hybrids? Draft CAFE norms muddy the waters
New Delhi: The Centre has proposed giving range-extended electric vehicles (REEVs) the same fuel-efficiency incentives as battery electric vehicles (BEVs) under the upcoming corporate average fuel efficiency (CAFE) III norms,…
