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CM Rekha Gupta Asks Dealers to Motivate Customers to Switch to EVs

Mukul Yudhveer Singh — Fri, 17 Apr 2026 17:11:06

Chief Minister Rekha Gupta has called on automobile dealers to play a more proactive role in accelerating electric vehicle (EV) adoption, urging them to motivate customers to shift towards cleaner mobility solutions as part of Delhi’s broader anti-pollution strategy.

Speaking at the FADA Vyapar Delhi conference organised by the Federation of Automobile Dealers Associations, Gupta said dealers remain a critical interface between policy intent and consumer behaviour, and their role will be key in driving the transition to electric mobility.

“You have such a big domain. thousands of people use your vehicles daily. You should motivate them to shift to clean-energy vehicles,” she said.

Her remarks come as the Delhi government prepares to roll out an expanded EV policy framework that combines incentives with a phased move towards stricter regulations.

Shift from incentives to mandates

Gupta indicated that while the current EV policy framework is built on subsidies and incentives, the long-term direction is towards compulsory adoption of clean-energy vehicles.

“Gradually, all these things will be made compulsory. there is a time frame in which we can get rid of pollution from Delhi,” she said, signalling that policy measures could tighten significantly by 2027–2028.

The policy includes direct subsidies, tax waivers, registration fee exemptions and scrappage incentives, aimed at accelerating adoption before regulatory mandates take effect.

Dealers at the centre of transition

Positioning dealers as key enablers of the EV shift, Gupta emphasised their influence on buyer decisions.

“You should motivate people. take them towards EVs,” she said, urging the dealer network to actively support the transition.

She also indicated that the government is open to working with stakeholders to improve ease of doing business and strengthen vehicle registrations within Delhi.

Charging infra and ecosystem gaps

While backing the expansion of charging infrastructure, Gupta suggested that current targets may not be sufficient.

Referring to suggestions around setting up 150 charging stations, she said, “How will 150 stations be enough?” indicating the need for a more aggressive rollout.

She also flagged long-term challenges, particularly around battery disposal. “In the future, there will be a mountain of batteries,” she said, adding that the government is working on EV waste-processing systems.

Alongside EV adoption, the government is scaling investments in public transport and last-mile connectivity, including ₹10,000 crore towards metro expansion and 1,000 new permits for women to operate electric autos free of cost.

Wage Gap Across NCR Industrial Belt Triggers Unrest in Noida Factories

Mukul Yudhveer Singh — Mon, 13 Apr 2026 20:49:38

A widening wage gap across the NCR’s tightly integrated manufacturing belt appears to have triggered the labour unrest that turned violent in parts of Noida on Monday, according to industry executives and plant-level sources.

“The entire belt—Faridabad, Palwal, Manesar, Gurugram, Ghaziabad and Noida—effectively operates as one industrial ecosystem,” a plant head at an electronics and automotive electronics supplier told Autocar Professional, requesting anonymity. “The moment wages move in one part of this belt, it has a direct ripple effect on the others.”

The executive said the immediate trigger for the unrest could be Haryana’s recent revision of minimum wages, which has created a visible disparity with wage levels in Uttar Pradesh, particularly in Noida and Greater Noida.

“In this region, several companies operate facilities across Gurugram, Manesar and Noida,” the person said. “Workers are in constant touch across locations, and once wages went up in Haryana, the comparison became immediate.”

“Workers in our Gurugram plant are now earning more after the revision. Naturally, they are in touch with workers in our Noida facility,” the person added. “That comparison is what has led to dissatisfaction. The demand is very clear: parity.”

Cross-location Communication Sparks Discontent

According to the executive, the issue escalated quickly because of direct communication between workers across facilities in the NCR belt.

“In many organisations, employees across locations speak regularly,” the person said. “When they realised there is a difference for the same kind of work, it became difficult to manage expectations on the shop floor.”

The executive added that the situation was not initially volatile. “This started as a discussion around wages. It did not begin as a violent protest,” the person said.

‘Outsiders’ May have Amplified Unrest

However, the situation escalated during the day, with industry sources pointing to the possible role of external elements.

“From what we understand, some outsiders engaged with workers during lunch and tea breaks outside factory premises,” the executive said. “After those interactions, the situation deteriorated and turned into a larger protest.”

Some local voices also alluded to the possible role of external or non-local elements in escalating tensions, though these claims could not be independently verified.

Factories Halt Operations Early

The immediate impact was visible across multiple industrial units in Noida, particularly in electronics and automotive supply chains.

“Most factories called it a day much earlier than usual, around 2 pm to 3:30 pm,” the executive said. “This was a precautionary step to ensure the safety of employees and avoid escalation within the premises.”

Companies are now taking a wait-and-watch approach.

“As of now, there is uncertainty about operations tomorrow,” the person said. “Some companies may remain shut if the situation does not stabilise.”

Wage Revision Cycle Adds Context

The timing of the unrest is also significant. Uttar Pradesh typically revises minimum wages periodically, and a revision cycle is expected in the near term, industry sources said.

“In UP, wages are revised regularly, and that window is approaching,” the executive noted. “Workers are aware of this, which is why the demand is immediate.”

Haryana vs UP Wage Gap

While final notified numbers vary by skill category, industry executives indicate that Haryana’s latest revision has pushed wages meaningfully higher than current UP levels, particularly for unskilled and semi-skilled workers.

Haryana post-revision, April 2026, indicative ranges
Unskilled: about ₹11,000 to ₹12,000 per month
Semi-skilled: about ₹12,500 to ₹14,000
Skilled: about ₹14,500 to ₹16,500

Uttar Pradesh current levels in the Noida region, indicative
Unskilled: about ₹9,500 to ₹10,000
Semi-skilled: about ₹10,500 to ₹11,500
Skilled: about ₹12,000 to ₹13,500

This implies a gap of roughly 15 to 25 percent, depending on category, which becomes more pronounced when workers compare across similar roles within the NCR belt.

Outlook: Short-term Disruption, Structural Signal

Despite the intensity of Monday’s events, industry executives expect the situation to stabilise quickly.

“We are hopeful this will come under control in a day or two,” the plant head said. “But the underlying issue will need to be addressed.”

The episode highlights a broader structural challenge for India’s manufacturing clusters, where administrative boundaries do not align with industrial realities.

“As long as this belt functions as one ecosystem, wage differences will continue to create friction,” the executive said. “This is not a one-off issue.”

Iran War Likely to Hasten Self-Reliance Quest

Autocar Professional Bureau — Mon, 23 Mar 2026 15:41:37

As escalating conflict in the Middle East keeps global energy markets on edge, India will have to attempt a radical shift toward bio-energy sovereignty. Faced with an 85% reliance on imported energy and a volatile geopolitical landscape, the world's most populous nation would have to work to establish a "new normal" that prioritises domestic self-reliance over fragile global supply chains, industry leaders said.

"Most of the countries that actually suffered from this (energy sourcing), they will work out a new normal for energy," said Atul Mulay, President of Corporate Strategy at Praj Industries, a leading bio-energy technology provider.

Industry experts pointed out that the anticipated shift should be seen in the context of logistical bottlenecks, including the near blockage of the Strait of Hormuz, which have made energy security synonymous with national sovereignty. New Delhi has walked a diplomatic tightrope, navigating US pressure on Russian crude sourcing while monitoring shifting alliances in the Middle East. The impact has been tremendous. Geopolitical tensions since the beginning of the US-Israel-Iran war on February 28, 2026 have not only raised crude prices but also created severe shortages of gas and commodities including those used in the automotive ecosystem. Also, India will have to consider a future where its neighbourhood is likely to change in the coming years with some countries forming their own 'NATO-like' regional forces, which may further complicate matters.

Automotive Friction

India's new normal will depend heavily on reducing the country's fuel sourcing needs. According to experts, this could be largely achieved through greater adoption of biofuels, which are abundant considering India remains largely an agrarian economy. For instance, the nation's ethanol blending programme has been one of its success stories in the green transition, with the government advancing its E20 (20% ethanol blending in petrol) targets by five years, moving the deadline from 2030 to 2025. This trajectory has established India as the third-largest ethanol producer in the world. India's adaptability has resulted in the production of 1,700 crore litres of ethanol, significantly exceeding the 1,000 crore litres required for the 2025 target, leading the government to permit exports.

As per government data, ethanol blending has already saved an estimated ₹1.55 lakh crore and substituted roughly 2.66 lakh metric tons of crude oil. The programme has led to a reduction of 800 lakh metric tons of CO2 emissions and approximately ₹1.36 lakh crore has been paid back to farmers for ethanol feedstocks. There were even plans to take the blending levels to E27, E30, and even further.

However, the ethanol blending programme faced its share of challenges. Last year, there was social media outrage over the issue from certain sections of the general public and media, who worried about its corrosive nature harming the health of their vehicles. Motorists, especially those with older vehicles not explicitly designed for E20, voiced fears of a drastic reduction in mileage and long-term corrosion of mechanical components. Anecdotal reports suggest efficiency losses of 15-20%, although official Automotive Research Association of India tests indicate a smaller dip of 1-6%, varying by vehicle and usage. Although the government denied the allegations, with Minister Nitin Gadkari even terming them "politically motivated", critics' apprehensions have not been successfully addressed.

Consequently, the ethanol blending programme appears to have plateaued since then, as the government has not officially announced any policy regarding increasing the blending levels.

Bharati Balaji, Dy. Director General, All India Distillers' Association (AIDA), stated that the ethanol blending programme assumes critical importance in this context. Accelerating the adoption of higher blending levels will not only reduce import dependence but also enhance energy security and provide greater stability against external shocks. India's ethanol industry has already made substantial investments and is well-positioned to support this transition. India's 1,800 crore litre ethanol capacity is a strategic energy reserve to explore. "A calibrated and forward-looking roadmap to increase blending targets will be essential to fully leverage the country's existing production capacity and ensure long-term sustainability of the biofuel ecosystem," Balaji noted.

The Stalled Promise of CBG

While ethanol has flourished, India's SATAT (Sustainable Alternative Towards Affordable Transportation) programme has languished. Originally targeting 5,000 Compressed Biogas (CBG) plants, the programme has only 133 plants on the ground.

In 2018, the Indian government unveiled an energy roadmap that was as audacious as it was green: a plan to deploy 5,000 large-scale CBG plants to convert the nation's agricultural waste into 15 million metric tons of homegrown fuel. Seven years into the initiative, the arithmetic of India's energy transition is failing to add up.

As of January 2026, only 133 plants are functional, producing a mere 926 tonnes per day. This supply crunch comes at a precarious time for the domestic automotive industry. Sales of CNG-powered passenger vehicles have surged, with market share jumping from 6% in 2020 to nearly 20% in 2025. While major manufacturers like Maruti Suzuki and Tata Motors have moved aggressively toward gas-based models, the fuelling infrastructure remains stuck in a cycle of lack of local focus and systemic bottlenecks.

Compressed Biogas is a renewable, eco-friendly fuel chemically identical to the natural gas (CNG) used to power cars and trucks. While standard natural gas is a fossil fuel extracted from the earth, CBG is green because it is produced from organic waste that would otherwise be discarded or burned.

Dr DK Ojha, Deputy Director General at the Ministry of Petroleum and Natural Gas (MoPNG), during a recent interaction with Autocar Professional, suggested that biofuels — fuels derived from organic matter like sugar, bamboo and others — are poised for significantly faster adoption by the automotive sector than electric vehicles (EVs). This shift is not merely a matter of preference but a pragmatic response to India's unique economic and logistical landscape.

A Circular Future

Despite the current hurdles, the strategic imperative is clear. The move toward a bio-energy-led economy is not just about fuel; it is a circular economy model that keeps capital within the country. By shifting from imported crude to domestic ethanol and CBG, India can stop billions of dollars from flowing out to foreign regimes.

A circular bioeconomy can transform India's vast agri-produce and agri-residue into sustainable fuels, reduce import dependence and power true energy self-reliance. "If we build our own energy, produced within our borders, from our own resources, we don't just insulate ourselves, we future-proof the nation. This is not just resilience, it is sovereignty in action," Mulay concludes. As the global energy map is redrawn by conflict and new alliances, India's best defence may well be its own fields.

India's Happiness Rate Falls 16 Points in a Year, Ipsos Survey Finds

Arunima Pal — Thu, 19 Mar 2026 18:44:02

Seven in ten Indians (72%) report being happy, but that figure marks a 16 percentage-point drop from 88% in 2025, according to the Ipsos Global Happiness Survey released ahead of International Day of Happiness on March 20. India ranked 22nd out of 29 countries surveyed. Globally, Indonesia recorded the highest happiness levels and Hungary the lowest.

The survey found the same factors appear at the top of both lists. Feeling in control of one's life (32%), a sense of meaning (31%), financial stability (30%), friendships (30%), and mental health (28%) were the leading drivers of happiness among Indians. Financial insecurity topped the list of unhappiness drivers (39%), followed by lack of meaning (33%), loss of control (30%), friendships (30%), and mental and physical health concerns.

The pattern suggests that access to these conditions rather than their presence in the abstract, determines wellbeing. When financial security, social connection, and a sense of purpose are available, happiness follows. When they are not, the same factors become sources of stress.

India's happiness levels have fluctuated over the past 15 years. The figure peaked at 89% in 2011, fell to 66% in 2020 during the COVID-19 pandemic, and has moved inconsistently since. The latest decline continues that pattern of instability rather than representing a singular low point.

Worldwide, feeling appreciated and loved (37%) and family (36%) ranked as the top contributors to happiness. Financial stress was the single largest driver of unhappiness globally, cited by 57% of respondents.

Suresh Ramalingam, CEO of Ipsos India, attributed the decline to a combination of economic pressures, global uncertainty, and the effects of emerging technologies. "Financial instability, in particular, has a cascading effect across all aspects of life," he said.

The survey covered 23,268 adults in India across 29 countries. The India sample comprised approximately 2,200 respondents, of whom around 1,800 were interviewed face-to-face and 400 online.

NHAI Revises FASTag Annual Pass Fee to ₹3,075 from April 1

Arunima Pal — Sun, 15 Mar 2026 18:06:00

National Highways Authority of India (NHAI) has announced that the fee for the FASTag Annual Pass will be revised from ₹3,000 to ₹3,075 for the financial year 2026–27. The new rate will come into effect from April 1, 2026.

The revision has been carried out under the provisions of the National Highways Fee (Determination of Rates and Collection) Rules, 2008.

The FASTag Annual Pass is available for eligible non-commercial vehicles with a valid FASTag and can be used at around 1,150 toll plazas across national highways and expressways in India. The pass allows users to pay a one-time fee for a validity of one year or up to 200 toll crossings, removing the need for frequent FASTag recharges.

According to NHAI, more than 5.6 million users have adopted the annual pass since its launch.

FASTag is an electronic toll collection system that uses radio-frequency identification (RFID) technology to enable automatic toll payments directly from a prepaid or linked bank account. Introduced across national highways to reduce congestion and improve toll collection efficiency, the system allows vehicles to pass through toll plazas without stopping for manual payments.

Vehicle owners can activate the pass on their existing FASTag by making a one-time payment through the Rajmarg Yatra app or the NHAI website. The pass becomes active within two hours after payment.

The FASTag Annual Pass was introduced on August 15, 2025, to provide highway users with a simplified toll payment option.

Govt Mandates Nationwide Sale of E20 Petrol with RON 95 From April 1

Arunima Pal — Thu, 26 Feb 2026 18:12:40

The Centre has directed oil marketing companies to sell petrol blended with up to 20 per cent ethanol across India from April 1. The fuel must meet a minimum Research Octane Number (RON) of 95.

The order was issued through a notification by the Ministry of Petroleum and Natural Gas. “The Central Government hereby directs that the oil companies shall sell Ethanol Blended Motor Spirit with a percentage of ethanol up to twenty per cent as per the Bureau of Indian Standards specifications and having a minimum Research Octane Number (RON) of 95,” the notification said.

RON measures a fuel’s resistance to engine knocking. Knocking occurs when fuel burns unevenly in the engine. It can reduce power and damage engine parts over time.

The notification said the rule will apply across all states and Union territories. However, the government may allow oil firms to sell fuel that meets only the RON specification in special cases and for specific regions or periods.

The move marks the next phase of India’s ethanol-blending programme to cut crude oil imports and lower emissions. Ethanol is produced from sugarcane, maize and other grains. It is a domestic and renewable fuel. Higher blending helps reduce dependence on imported oil and supports farmers by creating demand for agricultural feedstock.

The rollout of E20 fuel had initially faced pushback from some consumers in India. There were concerns about compatibility with older vehicles and the potential impact on fuel efficiency. Some two-wheeler and car owners feared higher maintenance costs. However, automakers later began introducing E20 kits to address these concerns.

The All India Distillers' Association (AIDA) has welcomed the decision, describing it as a step toward energy security, cleaner mobility, and sustainable economic growth.

According to AIDA, the mandate provides long-term demand certainty to ethanol producers, including grain-based distilleries, maize processors, and sugar mills. The association stated that the policy is expected to encourage fresh investment, capacity expansion, and technological advancement across the biofuel ecosystem, while also supporting farmer incomes through increased demand for sugarcane, maize, and other feedstocks used in ethanol production.

The fuel will be standardised under Bureau of Indian Standards (BIS) specifications, which the association says will ensure consistency in fuel quality and safety across the country.

AIDA President Vijendra Singh noted that the decision is expected to reduce dependence on imported crude oil, support long-term price stability, and generate employment across the ethanol value chain.

Union Budget 2026–27: Shaping India’s Manufacturing Future

Arunima Pal — Sun, 15 Feb 2026 14:00:03

Union Budgets often shape expectations for the year ahead.. This year, the Budget reflects a steady policy direction, with continued emphasis on infrastructure-led growth, strengthening the manufacturing ecosystem and supporting MSMEs. While the announcements build largely on existing priorities, the Budget reinforces the importance of domestic capability creation as part of India’s Atmanirbhar Bharat vision, which is increasingly being viewed not as an aspiration but as a practical requirement in a changing global environment.

It features six clearly defined 'Kartavyas' to successfully guide India in the next stage of economic growth. These Kartavyas together convey the government’s intent to augment the foundations of development led by manufacturing, with a strong push on creation of infrastructure, empowerment of MSMEs, industrial rejuvenation and demand led growth. The Budget delivers alignment, policy continuity and long-term investment confidence for the manufacturing sector, including automotive and auto components.

The Union Budget has identified Creating and Championing MSMEs as one of the six Kartavyas. Through the Tier 2 and a Tier 3 supplier base, MSMEs act as a backbone in capacity creation, flexibility and employment generation. Efforts to enhance access to credit, encourage cluster-based development, and to provide targeted capital support will seek to resolve the structural challenges, especially those concerning liquidity and scale. Measures are aimed at improving access to finance, encouraging cluster-based development and providing targeted capital support to address structural challenges, particularly related to liquidity and scale. Strengthening MSMEs will help improve productivity, support technology upgrades and improve quality standards, thus strengthening the overall manufacturing ecosystem.

Another important Kartavya highlighted in the Budget is the continued push for infrastructure development. Infrastructure investment remains one of the most effective enablers of industrial growth. Spending on roads, transport networks, logistics systems and industrial infrastructure helps reduce logistics costs, improve supply chain efficiency and support large-scale manufacturing operations. For the capital goods, construction-linked manufacturing, and automotive supply chains sectors, this enhances operational efficiency as well as generates demand through increased economic activity. To make Indian manufacturing competitive in the domestic and global markets, a strong infrastructure base is essential.

The Budget also calls attention to legacy industrial sectors. This shows that they are relevant to the industrial structure of manufacturing in India. The traditional engineering and manufacturing sectors use a significant workforce and contribution to industry. By better access to capital, infrastructure and industrial support systems we can support their modernisation to become more efficient and competitive. Additionally, there is focus on more balanced regional development by developing city economic regions, particularly in new geographies. Encouraging industrial activity beyond established manufacturing hubs can unlock new demand centres, and create employment opportunities closer to consumption markets.

Moreover, the emphasis on consumption-led growth is an important signal to the manufacturing sector from a demand perspective. Consumption is one of the key drivers for the automobile, mobility related industries. Policies that enhance economic stability, infrastructure development and employment generation reinforce consumer confidence. For investments and long-term production strategies, a steady demand environment is essential.

With manufacturing becoming increasingly technology-driven, sectors like semiconductors and rare earths are becoming more relevant across sectors like auto and industrial manufacturing. Strengthening our electronics and high-tech engineering capabilities will improve the resilience of the supply chain and reduce our critical technology and metals dependencies. This is in line with the larger goal of creating a manufacturing ecosystem that can support the needs of future products and processes.

Collectively, the six Kartavyas outlined in the Union Budget 2026–27 create a stable and forward-looking policy environment for manufacturing-led growth.

By focusing on infrastructure, MSMEs, industrial rejuvenation, regional development, consumption and advanced manufacturing capabilities, the Budget 2026 positions India for the next decade. It aims to build formidable resilience against external factors and solidify India's ambition to be a rule-maker, rather than merely a rule-follower, in the global economic order.

Rajnikant Behera is Executive Director of RSB Global. Views expressed are the author's personal.

Budget 2026–27: India Lines Up Semiconductor Mission 2.0 to Push Deeper Into Chip Value Chain

Kiran Murali — Sun, 01 Feb 2026 11:30:17

In a bid to be self-reliant in critical components and parts, India will launch the India Semiconductor Mission (ISM) 2.0, as the government looks to move beyond initial chip manufacturing into equipment, materials, and intellectual property, Finance Minister Nirmala Sitharaman said in her Budget 2026–27 speech.

The new phase intends to build on Semiconductor Mission 1.0, which helped kickstart India’s presence in chip fabrication and packaging. ISM 2.0 will now expand to include locally produced semiconductor equipment and materials, the development of full-stack Indian chip IP, and the strengthening of supply chains that have been strained globally in recent years.

The semiconductor push is being reinforced by rising interest in electronics manufacturing. Sitharaman said the Electronics Components Manufacturing Scheme, launched in April 2025 with an outlay of Rs. 22,919 crore, has already attracted investment commitments exceeding twice the original target. To sustain the momentum, the government will increase the scheme’s allocation to Rs. 40,000 crore.

The global automotive industry faced significant disruption post-COVID due to dependence on semiconductor chips from key markets, disrupting car manufacturing. The Semiconductor Mission 1.0 kicked off India’s endeavour to reduce dependency and become self-reliant. The expansion to 2.0 will further attract new investment, increase local manufacturing self-reliance, and eventually enable entry into global markets.

Sitharaman said the government will support industry-led research and training centres to accelerate technological development and address the growing need for skilled semiconductor talent.

The move comes as global chipmakers and governments rethink supply chains amid geopolitical tensions, export controls, and efforts to reduce overreliance on a few manufacturing hubs.

Union Budget 2026-27: Industry Experts Chart the Road Ahead

Shruti Shiraguppi — Fri, 30 Jan 2026 16:33:53

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2026-27, the automotive industry finds itself at a critical juncture. Following the successful implementation of GST 2.0 reforms and amid a rapidly evolving mobility landscape, industry stakeholders are seeking policy continuity, targeted incentives, and a clear roadmap for sustainable growth.

Autocar Professional reached out to leaders across the automotive value chain—from OEMs and component manufacturers to charging infrastructure providers and agricultural equipment makers—to understand their expectations from the upcoming Budget. Their responses converge on several key themes: accelerating electric mobility, strengthening domestic manufacturing, rationalising taxation, and building robust infrastructure.

Electric Vehicles: The Push for Mainstream Adoption

The electric vehicle segment dominates Budget expectations, with stakeholders unanimously calling for continued policy support and duty rationalisation to accelerate adoption.

Jyoti Malhotra, Managing Director, Volvo Car India, emphasises the need for predictability: "Following the implementation of GST reforms, the sector stands at a pivotal inflection point, where sustained and predictable policy support can help accelerate recovery and stimulate long-term demand. Rationalisation of the duty structure, particularly for the rapidly growing electric vehicle segment along with well-calibrated incentives for global automobile manufacturers investing in sustainable mobility, would serve as strong catalysts."

Ajinkya Firodia, Vice Chairman & Managing Director, Kinetic Watts & Volts Ltd, strikes an optimistic note: "The sun has truly risen over India's electric mobility industry. As we look ahead to the upcoming Union Budget, there is strong hope that the Government of India will continue to reward EV consumers by extending flagship initiatives such as the PM E-Drive policy, while further enhancing incentives for citizens who are embracing cleaner and future-ready technologies." He also proposes a novel approach to offset fiscal impact: "The government could consider a calibrated pollution-linked tax on high-emission vehicles, similar to the 'sin' tax on cigarettes."

Anurag Mehrotra, Managing Director, JSW MG Motor India, echoes these sentiments: "On the electric mobility front, we expect the government to further strengthen consumer-led incentives and schemes to accelerate EV adoption. Rationalization of duties on EV components would be a welcome move, along with greater support for localization of EV manufacturing."

Hemal Thakkar, Director, Crisil Intelligence, offers a specific recommendation: "Extending PM E-DRIVE subsidies to electric passenger vehicles in the fleet segment could help address emissions as a fleet car typically runs 4-5 times more than a personal vehicle. Further, higher incentives under vehicle scrapping policy would provide a sustained boost to the automotive industry."

Charging Infrastructure: Bridging the Gap

A robust charging network remains critical to EV adoption, and industry players are calling for specific interventions to unlock investment in this space.

S Raghav Bharadwaj, CEO & Founder, Bolt.Earth, highlights a key anomaly: "Currently, EVs are taxed at 5% GST, while charging services attract 18%. Reducing the inverted duty structure on charging services to 5% would lower costs for the end consumer, spurring growth." He also advocates for financial sector support: "Inclusion of EV charging infrastructure under Priority Sector Lending would unlock affordable capital for CPOs, businesses and startups, allowing us to move from installing thousands of chargers to millions."

Malhotra of Volvo Car India adds: "The government's focus on expansion of charging infrastructure in the country will act as an impetus to green mobility. Such measures can not only strengthen India's position as a progressive automotive market but also reinforce the country's transition towards cleaner, safer and more sustainable transportation."

Mehrotra of JSW MG Motor concurs: "While the charging network has expanded, there is still considerable progress to be made, and we would greatly appreciate strong fiscal support for the expansion of charging infrastructure."

Battery Ecosystem: Building Strategic Resilience

With batteries accounting for nearly half the cost of an EV, localising the battery value chain has emerged as a strategic imperative.

S Sunil Kumar, Country President, Henkel Adhesives Technologies, articulates the case comprehensively: "What the ecosystem needs is a coherent, end-to-end framework that supports materials, manufacturing, integration, and recycling as a single system. Localisation at this stage is not about import substitution; it is about building durable cost structures through scale, learning curves, and design optimisation."

He underscores the need for policy certainty: "Battery investments have long gestation cycles, and only long-term policy certainty can unlock the capital required to make EVs affordable at scale. Union Budget 2026 presents an opportunity to reinforce this long-term direction and create the conditions for sustained investment across the battery value chain."

Kumar also highlights the geopolitical dimension: "As global battery supply chains remain concentrated and exposed to disruption, Union Budget 2026 has an opportunity to position battery localization as a resilience and sustainability imperative. If executed well, localized battery ecosystems will shift batteries from being a cost constraint to a strategic advantage."

Manufacturing Competitiveness: Strengthening the Supply Chain

The auto component sector and tyre industry are seeking policy interventions to enhance India's position as a global manufacturing hub.

Viveka Bhandari, COO, PVNA Group, outlines clear expectations: "We expect the Budget to further strengthen India's manufacturing-led growth by deepening support for EV localisation through targeted PLI incentives, GST rationalisation, and enhanced R&D and skilling allocations, positioning India as a globally competitive hub for advanced automotive components and resilient clean-mobility supply chains."

Harinder Singh, Managing Director & CEO, Yokohama India, highlights specific challenges facing the tyre industry: "Input cost stability remains the sector's most pressing challenge. Natural rubber volatility continues to impact margins significantly. With India importing a substantial portion of its natural rubber requirements due to limited domestic availability, duty rationalization on critical raw materials would meaningfully improve cost efficiency and strengthen the global competitiveness of Indian tyre manufacturers."

Singh identifies three critical priorities: "For India to emerge as a global manufacturing hub for premium tyres, the Budget must deliver on three critical fronts: continued infrastructure capital expenditure to sustain automotive demand, enhanced export facilitation measures including duty drawbacks and logistics support, and stable trade policies on raw materials that provide cost predictability."

Firodia of Kinetic emphasises support for domestic entrepreneurs: "The EV ecosystem must recognise and support manufacturers who have the courage to invest early. A dedicated PLI framework for startups and mid-scale entrepreneurs is essential—one that empowers Indian companies to innovate and compete in an industry dominated by global giants."

Policy Continuity: The Foundation for Long-term Planning

Across the board, industry leaders stress the importance of policy stability and continuity for sustained investment and growth.

Piyush Arora, Managing Director & CEO, Škoda Auto Volkswagen India, sets the tone: "As the Union Budget approaches, after the successful and welcome implementation of GST 2.0, the industry will be looking for policy continuity and long-term clarity. Sustained support for domestic manufacturing and increased allocation for road and transport infrastructure will be key priorities."

He adds: "A renewed push on the next phase of customs reforms in the Union Budget—as anticipated in recent media reports—would be a timely and welcome step to further improve trade efficiency and unlock India's full economic potential. Rationalising the inverted duty structure for EVs will strengthen domestic manufacturing and competitiveness."

Thakkar of Crisil Intelligence raises an important concern regarding working capital: "The budget can also expand scope of Section 54(6) of the GST Act to allow for provisional refunds in inverted duty structure cases, which choke working capital."

Digital Infrastructure

Beyond physical infrastructure, the need for digital optimisation of energy systems is gaining attention.

Vaibhav Kaushik, Co-founder & CEO, Nawgati, offers a fresh perspective: "The conversation must move beyond how many chargers or stations we build, to how efficiently we run the infrastructure we already have. Whether it is EV charging networks or CNG stations, the real gap today is not capacity, but coordination."

He makes a compelling case for digital investment: "The opportunity lies in recognizing digital infrastructure as essential energy infrastructure. Incentives that encourage automation, interoperability, and data-driven operations will not only support India's climate goals but also ensure that every rupee invested in clean energy delivers maximum value on the ground. The next phase of India's energy transition will not be defined by how fast we add assets, but by how intelligently we operate them."

Bharadwaj of Bolt.Earth aligns with this view: "The industry expects targeted investment-led policies to accelerate AI and IoT integration across the EV ecosystem. Stronger R&D incentives will be critical to keeping Indian companies globally competitive in an increasingly digital-first mobility landscape."

GCCs and Talent Development

The role of Global Capability Centres and skill development in driving automotive innovation finds prominent mention.

Prasanth Doreswamy, CEO, AUMOVIO India (formerly Continental), articulates the broader vision: "As India charts its path toward becoming a $5 trillion economy, continued investment in both physical and digital infrastructure will be paramount to sustaining economic momentum and attracting global investments."

On GCCs specifically, he states: "We anticipate measures that include incentives for talent development, reskilling programs in emerging technologies like AI and advanced analytics, simplified regulatory compliance, and targeted support for GCC expansion into tier-2 and tier-3 cities. Such initiatives will democratize growth and unlock the potential of India's deep talent pool across geographies."

Firodia emphasises the human capital dimension: "A strong push for education and skill development is essential to retain India's extraordinary talent within the country. The future of innovation, manufacturing, and leadership clearly belongs to India—and empowering our youth at home will be the cornerstone of that future."

Farm Mechanisation

The agricultural equipment sector sees the Budget as an opportunity to accelerate mechanisation and support rural growth.

Narinder Mittal, President and Managing Director, CNH India, makes the case: "As agriculture remains central to India's economy, Union Budget 2026 is a critical opportunity to accelerate rural growth through deeper farm mechanisation. With rising productivity demands and increasing technology adoption, focused policy interventions can significantly scale such impact."

He outlines specific asks: "We look forward to targeted subsidies for crop solution equipment and implements, along with affordable and simplified financing for farm machinery, especially for small and marginal farmers. A forward-looking Budget that connects mechanization with sustainability and rural development will not only strengthen farm incomes but also build a resilient agricultural ecosystem for the future."

R&D and Innovation: Catalysing Breakthrough Technologies

The recently announced Rs 1 lakh crore RDI fund has generated significant enthusiasm within the industry.

Firodia lauds the initiative: "The recently announced ₹1 lakh crore RDI fund stands out as an exemplary step in encouraging deep-tech research and innovation. It deserves special appreciation as part of the Hon'ble Prime Minister's vision for building a truly Atmanirbhar Bharat. This initiative has the potential to catalyse breakthrough technologies—reducing dependence on rare earths and imported lithium cells, while fostering sustainable, next-generation solutions."

The Road Ahead

As the automotive industry navigates a period of unprecedented transformation, the Union Budget 2026-27 assumes heightened significance. The consensus among industry leaders is clear: policy continuity, targeted incentives for electric mobility, rationalised taxation, and robust infrastructure investment are essential to sustain India's automotive growth story.

The expectations articulated here reflect not just sectoral interests but a broader vision for India's mobility future—one that balances economic growth with environmental sustainability, global competitiveness with domestic capability building, and technological advancement with inclusive development. The Budget will be a crucial test of whether policy keeps pace with industry ambition.

Venezuela Crisis Poses Minimal Risk to Indian Corporates: CRISIL

Arunima Pal — Tue, 13 Jan 2026 13:50:16

The recent military operation in Venezuela is unlikely to have a material impact on India's global trade or the credit quality of Indian companies, according to a credit alert issued by CRISIL Ratings on Monday.

Despite the turmoil in Venezuela, CRISIL Ratings does not anticipate disruption to Indian businesses. The rating agency noted that even if the situation escalates and disrupts crude oil production in Venezuela, the country's share of approximately 1.5% of global supply is too small to cause sustained turbulence in oil prices.

Brent crude oil prices have remained stable over recent days, hovering just above $60 per barrel.

Minimal Trade Exposure

India's direct trade with Venezuela is minimal, accounting for less than 0.25% of total imports. Crude oil represents the primary import from Venezuela, with India sourcing about 1% of its crude requirements from the South American nation. In fiscal 2025, crude oil and related products made up over 90% of the approximately Rs 14,000 crore in total imports from Venezuela.

India imports around 85% of its crude oil requirements, making it sensitive to global price movements and supply disruptions. However, CRISIL noted that investments to increase crude oil production in Venezuela, which holds vast reserves, could boost global supply over the medium to long term and potentially soften prices, which would benefit Indian companies.

According to publications by the Organization of Petroleum Exporting Countries, Venezuela has crude oil reserves of 303 billion barrels, representing roughly 19% of global reserves.

Export Impact

India's exports to Venezuela totaled under Rs 2,000 crore in fiscal 2025, representing less than 0.1% of total exports. The exports span multiple sectors including pharmaceuticals, ceramics, textiles, and two-wheelers.

Pharmaceutical products led India's exports to Venezuela at approximately Rs 900 crore last fiscal, but this represented less than 0.5% of India's total pharmaceutical exports. Exports of ceramics, textiles, and two-wheelers ranged from Rs 80-120 crore each and formed a negligible portion of these sectors' total exports.

CRISIL Ratings does not expect any material impact on the credit profiles of Indian companies engaged in business with Venezuelan customers, given their limited exposure. However, the ratings agency said it will continue to monitor developments closely.

The assessment comes at a time of political uncertainty in Venezuela, with the acting government under Delcy Rodríguez maintaining its position while the US government has indicated varying intentions for Venezuela's future governance.

On January 3, 2026, the United States launched a military operation in Caracas and captured President Nicolás Maduro and his wife Cilia Flores. The operation involved over 200 U.S. special operations forces and resulted in the capture of both individuals, who were transported to New York to face narcoterrorism charges.

Venezuelan Interior Minister Diosdado Cabello stated that more than 100 people were killed during the operation, while Cuba announced that 32 of its citizens were killed during the mission. Vice President Delcy Rodríguez was sworn in as acting president on January 5, 2026.

The operation followed months of planning and escalating tensions between the US and Venezuela. The raid was condemned by numerous countries, including some U.S. allies, with questions raised about its legality under international law.

Toyota Kirloskar Motor Opens Experiential Museum ‘tem’ in Bengaluru

Darshan Nakhwa — Sun, 23 Nov 2025 18:09:10

Toyota Kirloskar Motor (TKM) today opened the Toyota Experiential Museum (tem), a new lifestyle and cultural space that blends Indian philosophy of mindful-living with Japanese culture and advanced technology. The centre is located at Phoenix Mall of Asia in Bengaluru.

tem spans 8,200 sq ft and showcases a five-senses experience through visuals, sound, scent, textures, and flavours. Toyota positions the space as a cultural hub that goes beyond automobiles and focuses on art, innovation, and emotional connection.

Tadashi Asazuma, Deputy Managing Director, TKM, says the concept reflects Toyota’s vision of creating happier paths together. “In India, we found inspiration in the practice of Sādhanā–the mindful pursuit of inner balance and fulfilment. tem is where the Japanese culture and values of precision, serenity, and respect for nature beautifully align with the spirit of Sādhanā, making tem a meaningful blend of both. Designed to engage the senses and spark reflection, it brings together art, technology, and craftsmanship to inspire mindfulness, especially amongst the youth. “

Inside tem, visitors experience immersive rooms, a merchandise zone, and a Matcha Corner. The journey begins with mirrored projections depicting seasonal changes common to India and Japan. It mirrors how both the countries find beauty and oneness in nature’s rhythm expressed here through light, colour and motion.

Next is an immersive audio-visual installation developed with Japanese performance group DRUM TAO. It is followed by a striking centrepiece, featuring a cascading water curtain encircling a satin-draped Toyota model.

The space also includes a curated merchandise zone that blends heritage with contemporary lifestyle. The Matcha Corner offers a curated menu, celebrating the timeless tradition of Japanese matcha, infused with refreshing Indian flavours.

India Records 70.7 Lakh Vehicle Sales in Q2 FY26, Two-Wheelers Dominate Market

Arunima Pal — Tue, 18 Nov 2025 14:30:04

India's automotive sector registered sales of 70.70 lakh units across all vehicle categories during the second quarter of fiscal year 2025-26 (July-September 2025), with two-wheelers accounting for nearly 79% of total sales, according to the latest state-wise vehicle sales data.

Two-Wheeler Segment Leads

The two-wheeler segment emerged as the dominant category with 55.62 lakh units sold during the quarter. Uttar Pradesh topped the charts with 6.93 lakh units, followed by Maharashtra, Gujarat, Tamil Nadu, and Rajasthan. The Western Zone led regional sales with 19.33 lakh units.

Three-wheeler sales totaled 2.29 lakh units in Q2 FY 2025-26. Uttar Pradesh recorded the highest sales with 0.28 lakh units, followed by Telangana, Gujarat, Maharashtra, and Karnataka. The Southern Zone led this segment with 0.77 lakh units.

Passenger Vehicles

Passenger vehicle sales stood at 10.39 lakh units in Q2 FY 2025-26. Maharashtra recorded the highest sales in this segment with 1.32 lakh units, followed by Uttar Pradesh, Gujarat, Karnataka, and Kerala. The Western Zone dominated the passenger vehicle market with 3.44 lakh units, representing approximately 33% of total passenger vehicle sales.

Commercial Vehicles

The commercial vehicle segment recorded sales of 2.40 lakh units during the quarter. Maharashtra led the segment with 0.37 lakh units, followed by Gujarat, Uttar Pradesh, Tamil Nadu, and Karnataka. The Western Zone accounted for 0.92 lakh units in commercial vehicle sales.

Regional Performance Analysis

The Western Zone emerged as the strongest performing region across three out of four vehicle categories—passenger vehicles, two-wheelers, and commercial vehicles. The Southern Zone led only in the three-wheeler segment.

Uttar Pradesh demonstrated strong market presence across all categories, securing the top position in both two-wheelers and three-wheelers, while ranking among the top five states in passenger vehicles and commercial vehicles. Maharashtra also showed consistent performance, leading in passenger vehicles and commercial vehicles while ranking second in two-wheelers.

The data reflects the diverse nature of India's automotive market, with different states showing varying preferences across vehicle categories based on local economic conditions, infrastructure development, and consumer demographics.

NHAI to Deploy QR Code Sign Boards for Enhanced Highway Information and Commuter Safety

Arunima Pal — Fri, 03 Oct 2025 16:17:27

In a move aimed at improving transparency and convenience for highway users, the National Highways Authority of India (NHAI) has announced the installation of Project Information Sign Boards equipped with Quick Response (QR) codes along national highways.

The initiative is designed to provide commuters with project-specific details and critical emergency information through easy-to-access digital means. The QR code sign boards will display a range of information including National Highway numbers, highway chainage, project length, construction and maintenance periods, as well as contact details for the Highway Patrol, Toll Manager, Project Manager, Resident Engineer, and NHAI field offices. Emergency helpline numbers, including 1033, will also be accessible via the QR codes.

Additionally, the sign boards will guide users to nearby facilities such as hospitals, petrol pumps, toilets, police stations, restaurants, toll plazas, truck lay-byes, vehicle service stations, puncture repair shops, and e-charging stations, thereby improving on-road convenience.

For optimal visibility, the QR code sign boards will be strategically placed at wayside amenities, rest areas, toll plazas, truck lay-byes, and at highway start and end points.

Through this deployment, NHAI aims not only to enhance transparency and accessibility of highway project information but also to improve road safety and commuter experience. By enabling instant access to emergency contacts and local amenities, the initiative seeks to increase awareness about national highways while facilitating safer and more informed travel across India.

FM: Govt to Upgrade One ITI per District for AI Training

Yukta Mudgal — Thu, 18 Sep 2025 16:22:46

Finance Minister Nirmala Sitharaman on Thursday announced that one industrial training institute (ITI) in every district will be upgraded into an AI-based training hub under a hub-and-spoke model, to strengthen skills and tap India’s demographic dividend.

The minister, speaking at the International Forum for Quality Management (IFQM) Symposium addressing industry leaders across the automotive, auto-component, and aviation sectors, said the government is taking a comprehensive approach to skilling, focusing not only on traditional training but also on emerging technologies like artificial intelligence.

“We came up with an offer from the central government that every district-level ITI, around 750 across the country, adopt a hub-and-spoke model within the state. We will be able to provide them the entire money required for upgrading these places into AI-driven training centres,” Sitharaman said.

According to a PIB release, India has 14,615 ITIs, of which 3,316 are government-run and 11,299 privately managed. ITIs are funded not only by the government but also by OEMs.

In July, the Centre set up a National Steering Committee (NSC) with members from key ministries, states, and industry to frame guidelines for upgrading India’s skilling ecosystem. The move follows the Cabinet’s approval in May of a ₹60,000 crore plan to revamp 1,000 ITIs under a hub-and-spoke model and establish five National Centres of Excellence, targeting training for over two million youth. Industry players like Bajaj Auto, ITC, HAL, and Hero MotoCorp are part of the panel.

The new model is designed to align skills with industry needs, particularly in areas ranging from agriculture to automation, and to offer hands-on AI training to youth, including school dropouts and graduates.

The initiative is part of a broader push to bridge the gap between education and employability. Sitharaman said India’s industry is moving rapidly toward digital and AI-driven operations but continues to face a shortage of skilled workers.

She highlighted the skill gap in the industry and called for greater collaboration between the private sector and the government. “The degree on paper is there. But the individuals are not groomed adequately enough to be a part of the large multinationals. So I would want private sector participation together with the government, in readying youth to be fit for quick and direct employment.”

“Industry’s grievance when talking to the government has been that we are moving rapidly… but we are not able to have the right kind of people to employ,” she said. “In the last two budgets, provisions have been made so that manpower, skilling and upskilling can all happen with the investment that we can put in.”

The government is also supporting AI research and training at top institutions, including IITs and the Indian Institute of Science, beyond ITI upgrades. These centres of excellence are focusing on priority sectors such as agriculture, education, health, and urban development, with space and nuclear technology recently added to the list.

SAIC to Cut Stake in Indian Car Venture Amid Investment Curbs: Reuters

Arunima Pal — Thu, 18 Sep 2025 15:05:15

China’s state-owned automaker SAIC Motor plans to significantly reduce its 49% stake in its Indian joint venture and halt further investment, Reuters reported, citing five people familiar with the matter. The move underscores how political tensions between India and China continue to affect cross-border business.

According to Reuters, the decision follows India’s 2020 restrictions on foreign investment from neighboring countries, widely viewed as aimed at China after a border standoff that year. In an attempt to navigate these hurdles, SAIC had tied up with Indian conglomerate JSW Group to expand in the world’s third-largest auto market.

While Indian and Chinese leaders met last month to ease tensions, Reuters noted there has been little progress. For instance, Indian auto companies are still awaiting approvals from Beijing to import rare earths.

Although SAIC is not fully exiting India, Reuters sources said it intends to dilute its stake in JSW MG Motor substantially while continuing to supply technology and products. JSW has offered to buy most of SAIC’s holding to become the largest shareholder, but both sides are reportedly at odds over valuation.

Reuters added that friction between the two partners is not limited to politics. JSW has engaged in advanced discussions with Chinese automaker Chery Automobile for a technology partnership to produce cars in India under its own brand, a move that has reportedly caused unease for SAIC.

SAIC first entered India in 2019 under the MG Motor brand, investing over $650 million and acquiring a former General Motors facility in Gujarat with a capacity of 120,000 cars annually. However, its proposal to invest further in electric vehicles under a government incentive scheme was declined in 2020.

Last year, SAIC sold a majority stake in its Indian unit to local entities, with JSW acquiring 35% for about $300 million, valuing MG Motor India at $1.2 billion, Reuters reported. The proceeds went to SAIC rather than the local subsidiary. JSW MG Motor has since filed a $240 million EV investment proposal, which is still pending government approval.

Despite financial strain and continued losses, JSW MG Motor has expanded sales — from 16,500 cars in 2019 to 61,000 in 2024 — making it India’s second-largest EV manufacturer after Tata Motors, Reuters noted. However, with Tesla’s recent entry into India, competition in the EV space is set to intensify further.

India’s Domestic Market Shields Economy From Global Shocks: S&P Global

Arunima Pal — Wed, 17 Sep 2025 15:17:34

India’s large domestic market provides a buffer against global volatility, helping it remain the fastest-growing major economy, according to S&P Global’s latest India Forward: Shifting Horizons report.

The study projects India’s GDP will expand by 6.5% in fiscal year 2025–26, despite shifting global trade policies and external uncertainties. S&P Global noted that while external shocks have posed short-term challenges in the past, India has managed to sustain its long-term growth trajectory through economic reforms, infrastructure expansion, and process improvements.

The report highlighted several key trends shaping India’s outlook. Private credit is expected to play a bigger role in bridging financing gaps left by traditional lenders, while India’s digital economy is driving demand for datacenter capacity. By 2028, India is projected to become the second-largest market in Asia-Pacific for datacenter electricity demand, overtaking Japan and Australia.

The study also points to opportunities in emerging sectors. India aims to scale its shipbuilding industry to rank among the world’s top five by 2047, up from less than 1% global share today. Efforts are also underway to localize the nuclear value chain, with reforms anticipated in 2026–27 to simplify liability frameworks and boost domestic capacity.

On the energy and transport front, the report observed that while electric vehicle adoption is growing, biofuels and green hydrogen will remain critical for heavy transport and legacy fleets. State-level incentives and central government initiatives are expected to accelerate this transition.

Atul Arya, Executive Sponsor of the India Research Chapter and Chief Energy Strategist at S&P Global Commodity Insights, said: “Frameworks that accelerate infrastructure development, promote inclusive reforms, foster private investments, diversify trade and build resilient supply chains can help India seize opportunities. This edition of India Forward shines light on multidimensional and multistakeholder approaches that will strengthen India’s growing claim as a global economic and geopolitical powerhouse.”

The India Forward: Shifting Horizons report is prepared by S&P Global and Crisil’s India Research Chapter, under the S&P Global India Leadership Council.

India Turns to Multimodal Strategy for Green Mobility Transition: S&P Global

Arunima Pal — Wed, 17 Sep 2025 15:01:44

India is accelerating efforts to reform its transportation sector as it confronts growing urban mobility challenges, pollution, and high logistics costs. According to a report by S&P Global, the country is embracing a multimodal and multifuel approach in its push toward sustainable transport.

The report highlights that while electric vehicles (EVs) are expanding rapidly — especially among two-wheelers, three-wheelers, and commercial vehicles — other technologies such as biofuels, hybrids, and green hydrogen are essential for existing fleets and heavy-duty transport. Government policy is seen as a key enabler: EV subsidies, incentives for domestic manufacturing, infrastructure expansion, and regulatory support are all part of this strategy.

As of 2024, the EV sector in India registered nearly 1.9 million units sold, translating into about 7.5% market penetration. Still, high upfront costs, limited charging infrastructure, and concerns over vehicle range remain obstacles. To address these, the government has launched schemes to boost charging networks, set ambitious production and investment targets, and introduced measures for battery recycling and reducing reliance on imports.

States are also playing a role: Delhi, Kerala, Assam, Karnataka, and Uttar Pradesh are among those leading in EV adoption, thanks in part to aggressive incentives, favorable policy environments, and infrastructure roll-outs.

Beyond EVs, biofuels and hydrogen are being positioned for roles in decarbonizing India’s transport system. The aim is to reach 20% ethanol blending in gasoline by 2025-26 and 5% biodiesel by 2030, while planning for green hydrogen use in heavy vehicles and fleet vehicles.

S&P Global’s report identifies several priorities for further action: ensuring stable long-term policy frameworks, scaling infrastructure — especially public charging — in underserved areas, building local battery and component supply chains, enforcing standards in recycling and circular economy practices, and focusing on skills development for the evolving green mobility ecosystem.

India Turns to Multimodal Strategy for Green Mobility Transition: S&P Global

Arunima Pal — Wed, 17 Sep 2025 15:01:44

Apollo Tyres Secures Team India Jersey Sponsorship in ₹579 Crore Deal

Arunima Pal — Tue, 16 Sep 2025 16:34:48

Apollo Tyres has emerged as the new jersey sponsor for the Indian cricket team, signing a three-year agreement valued at ₹579 crore. A senior BCCI official confirmed the development to PTI on Tuesday, adding that the formal announcement will follow soon.

The bidding process took place on September 16. Apollo Tyres outbid Canva and JK Cements, which had placed bids of ₹544 crore and ₹477 crore respectively. The tyre major’s deal is 62% higher than the ₹358 crore sponsorship previously signed with online gaming platform Dream11 for the same duration.

The new agreement covers 121 bilateral matches and 21 ICC fixtures involving the Indian men’s team. Apollo Tyres, headquartered in Gurugram, will see its first exposure as sponsor during India’s two-match Test series against the West Indies starting October 2. The logo will also feature in the India A vs. Australia A three-match ODI series in Kanpur.

The sponsorship rights had been up for grabs since early September after Dream11’s exit. The BCCI terminated its deal with the gaming firm following the enactment of the Promotion and Regulation of Online Gaming Act, 2025. The law prohibits offering or promoting online money gaming services, forcing Dream11 to withdraw.

As part of the tender process, the BCCI barred companies associated with real money gaming and cryptocurrency, in line with government regulations. Other sectors also declared ineligible included athleisure and sportswear manufacturers, banking and financial companies, non-alcoholic beverages, fans, mixer grinders, safety locks, and insurance firms.

With this deal, Apollo Tyres joins the roster of Indian corporates linking their brand to cricket, ensuring high visibility across international and domestic fixtures over the next three years.

EU Official Says Hope to Conclude India FTA by Year-End

Anurag Chaturvedi — Fri, 12 Sep 2025 16:45:53

A senior EU trade official said he hopes to finalize the India-European Union Free Trade Agreement by December 2025, positioning the auto component industry for significant gains as bilateral negotiations enter their decisive phase.

Speaking at the 65th Annual Convention of the Automotive Component Manufacturers Association of India (ACMA), European Commissioner for Trade and Economic Security Maroš Šefčovič declared: "We are now maximising the efforts to finalize trade negotiation by the end of this year for win-win scenarios for both parties."

The announcement carries weight for India's auto component sector, which currently exports $6.89 billion worth of components to Europe - making it the largest regional destination ahead of North America's $6.19 billion, according to Invest India data.

Auto Industry Primed for Growth

India's auto component exports reached $21.2 billion in financial year 2024, with Europe commanding a 32% share as of 2022, according to Statista data. The FTA could unlock this potential further as the industry targets $100 billion in exports by focusing on US and European markets, as reported in March 2025.

"The auto car components trade between EU and India share the high value investments and additional jobs... entire ecosystem and sharing equipment in manufacturing," the official explained, highlighting the sector's strategic importance.

The timing appears critical as India exported $77.5 billion worth of goods to the EU-27 in 2024, positioning the bloc as a major trade partner despite the absence of preferential access.

Economic Foundation

The negotiations build on substantial economic ties. "Over 6,000 EU companies operate in India... economic businesses have created more than 3 million jobs in India," the official noted, emphasizing the existing foundation.

Official EU trade data shows the bloc as India's second-largest trading partner with €120 billion in goods trade in 2024, representing 11.5% of India's total trade. The official maintained that "in 2024, the EU was India's largest trading partner."

"We'll be negotiating for quite some time... but I assure you that it has been in the best momentum," the official acknowledged, adding with characteristic diplomacy: "We will not agree on most of the things... but I'm sure we will achieve success."

Strategic Stakes Beyond Trade

The negotiations carry broader implications as both regions seek to diversify supply chains and reduce dependencies. "We are working [on] how to unlock further how to improve supply chain... how both can benefit," the official explained.

The official drew a personal comparison when discussing India's negotiating approach: "Your minister is fighting for you like a lion and I'm born in the land of lion... so we both understand each other very well."

With negotiations still ongoing, the auto component industry watches closely as the year-end deadline could reshape one of the world's most significant trade relationships, potentially transforming India's position in global automotive supply chains.