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Mumbai, Apr 2 (PTI) Staging a spirited recovery, stock markets pared early losses to close higher on Thursday, with the benchmark Sensex rising by 185 points and the broader Nifty settling above 22,700 on strong value buying in IT and banking shares and a sharp rebound in the rupee. Rebounding more than 2,000 points from the day's low, the 30-share BSE Sensex finally settled higher by 185.23 points, or 0.25 per cent, at 73,319.55. The index opened lower and tanked further by 1,588 points to hit ...Read More >
The tax will be levied as a lumpsum at the time of registration (file) ShowQuick Read Summary is AI-generated, newsroom-reviewed * Karnataka plans to end road tax exemption on battery-operated electric vehicles * The Motor Vehicles Taxation Bill 2026 proposes separate lifetime tax slabs for EVs * One-time tax will range from 10% to 14% based on EV price categories Did our AI summary help? Let us know. Switch To Beeps Mode Bengaluru: One may soon have to shell out more bucks to buy an e ...Read More >
India's passenger vehicle (PV) market continued its growth momentum in March 2026, with most carmakers reporting higher sales compared to the same month last year. Maruti Suzuki retained its position as the country's largest carmaker, while Tata Motors stayed ahead of Mahindra in the contest for second place. Hyundai, Skoda and Honda reported single-digit growth, while Renault and Nissan posted the highest increases. Maruti Suzuki reported domestic sales of 1,69,428 units in March 2026, registe ...Read More >
Mumbai: Mahindra & Mahindra has surpassed JSW MG Motor to become the second-largest electric carmaker in terms of monthly sales, according to March vehicle registration data. The manufacturer of BE 6 and XEV 9e sold 5,217 units of EVs the past month, narrowly ahead of JSW MG Motor's 5,113 units. For the financial year ended March 31, JSW MG Motor stayed at the second spot, show data from the government's Vahan portal. Long-time leader Tata Motors sold 8,224 electric vehicles in March, up 65% f ...Read More >
MUMBAI: India's auto sector advertisers are shifting gears. Television is losing ground, digital is surging, print is booming and radio is quietly doubling up -- that is the headline finding from TAM AdEx's cross-media advertising recap for 2025, covering January to December across TV, print, radio and digital. The television story is one of steady retreat. Auto sector ad volumes on TV fell 22 per cent in 2025 compared to 2021, with Q2 and Q4 of 2025 posting moderate declines of 12 per cent and ...Read More >
Electric car sales in India jump 82% in FY26, nearing 200,000 units as new launches and wider choices drive adoption. Electric passenger vehicle sales rose 82% year-on-year in FY26 to 196,754 units, nearing the 200,000- mark, as wider model availability and increased participation by automakers supported adoption. The segment had recorded sales of 108,336 units in FY25 and 90,998 units in FY24, indicating an acceleration in growth compared with the 19% rise seen last year. Industry executives ...Read More >
New Delhi: Domestic passenger vehicle sales rose by 16% in March, elevating annual volumes to a record 4.7 million vehicles in the just-ended fiscal year, largely fuelled by enhanced affordability after tax cuts last September and introduction of several new models. Sales of cars, sedans, and utility vehicles rose 8.3% to 4.7 million units in FY26, from 4.34 million units the year before. The Centre cut the goods and services tax (GST) on passenger vehicles with effect from September 22. Compan ...Read More >
Pune: Car sales in India, the world's third largest automobile market, clocked its highest-ever annual domestic wholesales in FY26, driven by Goods and Services Tax (GST) 2.0 and a strong festive season, with Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles and Toyota Kirloskar Motor clocking record volumes, while Hyundai Motor reported a decline. Domestic car volumes rose around 8 per cent year-on-year (y-o-y) to nearly 47,00,000 units in FY26, the highest-ever annual sales, ...Read More >
NEW DELHI: Spurred by GST 2.0 rate cuts in Sept last year and easier consumer bank lending rates, Indian car market shrugged off geopolitical tensions and concerns around US trade tariffs to close the year at a record 47 lakh units (4.7 million) in FY26, a 9% growth over the 43 lakh units (4.3 million) sold in the previous fiscal.The surge was led by SUVs, which grew their share in total industry sales from an estimated 54% in FY25 to 58% in 2025-26. SUVs have been the biggest focus for the car ...Read More >
New Delhi: In one of the biggest upsets in the Indian car industry, homegrown Mahindra & Mahindra and Tata Motors pipped Korean Hyundai to emerge as the second- and third-largest passenger vehicle makers in the country, behind only Maruti Suzuki. The growth for M&M as well as Tata Motors is nothing short of remarkable as the two companies rode the love of Indians for SUVs to gain market share and volumes. Also, the strong focus on vehicle safety as well as connected cars also helped them grow st ...Read More >
New Delhi, Apr 1 (PTI) Homegrown automaker Mahindra & Mahindra has become the second-largest passenger vehicle maker by volume in the Indian market in 2025-26, riding on its SUVs. Mahindra & Mahindra overtook long-time number two player Hyundai Motor India and homegrown rival Tata Motors Passenger Vehicles Ltd in FY26. Maruti Suzuki is the market leader in India. According to sales data released by automakers, Tata Motors Passenger Vehicles Ltd was the third-largest by sales in FY26, ahead of ...Read More >
New Delhi [India], April 1 (ANI): India's leading automobile manufacturers reported strong sales momentum in March and the fourth quarter of FY2025-26, with companies such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Ashok Leyland and Eicher Motors registering growth across key segments, including SUVs, commercial vehicles and exports. The performance reflects continued demand for passenger vehicles and steady growth in commercial vehicle sales as the financial year ...Read More >
New Delhi [India], April 1 (ANI): India's leading automobile manufacturers reported strong sales momentum in March and the fourth quarter of FY2025-26, with companies such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Ashok Leyland and Eicher Motors registering growth across key segments, including SUVs, commercial vehicles and exports. The performance reflects continued demand for passenger vehicles and steady growth in commercial vehicle sales as the financial year ...Read More >
New Delhi, Apr 1 (PTI) Passenger vehicle sales in India scaled a new high of 47 lakh units in 2025-26, riding on record performance by automakers such as Maruti Suzuki India, Tata Motors and Mahindra & Mahindra with GST 2.0 revving up sales in the second half of the fiscal. While the industry is looking forward to carrying forward the sales momentum in the new fiscal, it is closely monitoring the West Asia war to mitigate potential supply-side risks and the possibility of impact on demand due t ...Read More >
On the other hand, Bengaluru led home sales with 17991 units, followed by Pune with 16144 units and Thane with 15959 units. "Housing sales continued to moderate in the first quarter of 2026, with Delhi-NCR and Bengaluru emerging as outliers. This reduction is due to low supply across most cities. Close to 22,000 fewer units were supplied in Q1 2026 as compared to the same period last year," Samir Jasuja, founder and CEO, PropEquity, said. While Bengaluru led with 17,991 units sold, followed by ...Read More >
New Delhi: Indian prominent automobile manufacturer Mahindra & Mahindra on Wednesday announced that overall auto sales for March 2026 stood at 99,969 vehicles, marking a growth of 21 per cent including exports. Utility Vehicles domestic sales touched 60,272 units in March, up 25 per cent, while overall UV sales including exports reached 62,109 units. Domestic Commercial Vehicles sales for the month were 24,928, marking a growth of 11 per cent. The company reported year‑to‑date exports rising 1 ...Read More >
New Delhi, Apr 1 (PTI) Auto components maker Kay Jay Forgings Ltd has filed draft papers with markets regulator Sebi to raise Rs 360 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating to Rs 300 crore and an offer for sale (OFS) of shares worth Rs 60 crore by promoters, taking the total issue size to Rs 360 crore, according to the draft red herring prospectus (DRHP). The company may also consider a pre-IPO placement of up to Rs ...Read More >
New Delhi [India], April 1 (ANI): India's export growth shall remain positive for most OEMs despite a hit on Middle East exports and container availability issues, as per a report by Nuvama Institutional Equities. "We maintain our constructive view on the automobile sector with healthy sales growth prospects for FY26-28E," the report said. The wholesale uptrend is expected to continue in Mar-26 despite production constraints. This momentum is largely driven by enduring positive customer sentim ...Read More >
New Delhi: Electric cars and two-wheelers clocked record monthly sales in March as customers advanced purchases amid aggressive promotions and fears of fuel and vehicle price hikes in FY27. Electric car registrations -- a proxy for retail sales as carmakers report only dispatches to dealers -- rose 49% on-year to 19,711 units in March, while those of electric two-wheelers surged 36% to 177,485 units, Vahan portal data on Tuesday showed. Also Read: India's EV transition must be inclusive, econo ...Read More >
New Delhi: Get ready to pay more for new cars. Come Wednesday, prices of some brands will go up as concerns around supply chain and expensive input costs will see companies raise retail prices. Those looking to immediately raise retail prices include mainstream brands such as Tata Motors and JSW MG, while the luxury brigade of BMW, Audi and Mercedes-Benz will also increase prices, especially as they also factor in the impact of rupee depreciation against the Euro. It is yet not clear whether top ...Read More >
Mumbai: India's main stock indices crashed over 2% on Monday as overseas investors continued their stampede for the exit amid mounting tensions in West Asia, sticky crude prices and a fresh drop in the rupee to record lows, intensifying risk-off sentiment. The BSE Sensex fell 1,635.67 points, or 2.2%, to close at 71,947.55, while the Nifty 50 declined 488.20 points, or 2.1%, to settle at 22,331.40. The sell-off wiped out ₹9.41 lakh crore in market capitalisation on Monday. In the entire FY26, S ...Read More >
Mumbai: Kotak Mahindra Prime Limited (KMPL), a leading vehicle finance company and a subsidiary of Kotak Mahindra Bank Limited, has announced a leadership transition approved by its Board of Directors. The Board has appointed Mr. Suraj Rajappan as Managing Director & Chief Executive Officer for a term of three years, effective June 1, 2026, subject to approval of members. Mr. Suraj Rajappan began his career with Kotak Mahindra Prime Limited and brings 24 years of cross‑functional experience acr ...Read More >
Mumbai, Mar 11 (PTI) Benchmark indices Sensex and Nifty drifted lower in early trade on Wednesday after a day's breather amid the ongoing tensions in West Asia and sustained foreign fund outflows. Selling in blue-chip bank stocks also dragged the markets lower. The 30-share BSE Sensex dropped 96.12 points to 78,109.86 in early trade. The 50-share NSE Nifty declined 22.95 points to 24,238.65. From the 30-Sensex firms, Kotak Mahindra Bank, ICICI Bank, Axis Bank, HDFC Bank, Hindustan Unilever an ...Read More >
Mumbai, Mar 11 (PTI) Stock market benchmark indices Sensex and Nifty ended nearly 2 per cent lower on Wednesday after a day's breather following a spike in crude oil prices amid growing tensions in West Asia. Besides, sustained foreign fund outflows and selling in blue-chip bank stocks also drove the markets lower. The 30-share BSE Sensex tumbled 1,342.27 points or 1.72 per cent to settle at 76,863.71. During the day, it dropped 1,446.72 points or 1.84 per cent to 76,759.26. The 50-share NSE ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, NTPC, ITC, Asia ...Read More >
Mumbai, Feb 16 (PTI) Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent on Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, ...Read More >
Mumbai: Indian stock markets recovered strongly on Monday after two days of losses. A sharp rise in banking stocks helped lift investor mood in the second half of the session. The 30-share Sensex rose 650.39 points, or 0.79 percent, to close at 83,277.15. The broader Nifty gained 211.65 points, or 0.83 percent, ending at 25,682.75. The rally came mainly in the final hours of trading. Banking Stocks Lead the Rally Buying in banking and financial stocks pushed the market higher. Among the top ...Read More >
Equity benchmark indices Sensex and Nifty ended marginally lower on Monday in tandem with a weak trend in global markets and persistent foreign fund outflows. Photograph: Hemanshi Kamnani/Reuters Also, uncertainty over an India-US trade deal weighed on investors' sentiment, analysts said. The 30-share BSE Sensex dipped 54.30 points, or 0.06 per cent, to at 85,213.36. During the day, the benchmark declined 427.34 points, or 0.50 per cent, to 84,840.32. The 50-share NSE Nifty edged lower by 1 ...Read More >
MUMBAI, Dec 16: The benchmark Sensex tumbled 533.50 points to settle at 84,679.86 on Tuesday, while the Nifty fell 167.20 points to a week's low of 25,860.10, as foreign fund outflows, a weak rupee, and sluggish global markets dampened investor sentiment. Axis Bank led the losses among Sensex constituents, dropping 5.03%, followed by Eternal, HCL Tech, Bajaj Finserv, Tata Steel, UltraTech Cement, and Bajaj Finance. In contrast, Titan, Bharti Airtel, Mahindra & Mahindra, and Asian Paints were am ...Read More >
Mumbai, Dec 16 (PTI) Benchmark Sensex tumbled 533.50 points and the broader Nifty declined to the 25,860 level on Tuesday as persistent foreign fund outflows, a weak rupee and sluggish global market trends dented investor sentiment. The 30-share BSE Sensex tanked 533.50 points or 0.63 per cent to settle at 84,679.86. During the day, it dived 592.75 points or 0.69 per cent to 84,620.61. The 50-share NSE Nifty dropped 167.20 points or 0.64 per cent to 25,860.10. Among Sensex firms, Axis Bank ta ...Read More >
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