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Ashok Leyland Rally Extends: Growth, EV Strategy, and Investor Outlook
Automobile News, Autos, Business - September 26, 2025

Ashok Leyland–CALB Tie-Up: A Game Changer for EV Investors

Ashok Leyland–CALB Tie-Up: A Game Changer for EV Investors

Ashok Leyland announced a multi-year strategic collaboration with China’s CALB Group that will begin with importing cells and assembling battery packs in India, with an aim to move to domestic full-cell production within roughly five years. The company has signalled a headline capex plan of about Rs.5,000 crore (≈ $570–580 million) for next-gen battery manufacturing and related facilities.

An Overview of CALB and Its Significance
CALB (Changzhou CALB Energy Co./CALB Group) is one of China’s leading lithium-ion battery makers — ranked among the top three domestic players by several industry trackers — with multi-billion dollar revenues and an aggressive international expansion play (including gigafactory projects overseas). CALB brings cell design IP, pack-level expertise and manufacturing know-how that Ashok Leyland lacks at scale today. Partnering with a proven cell supplier accelerates time-to-market for commercial vehicle electrification programmes.

Financial Context — How Impactful is Rs. 5,000 Crore for Ashok Leyland?
On group and balance-sheet metrics, Ashok Leyland is comfortably sized to make targeted battery investments while funding core vehicle operations. For FY2025 the company reported record revenue and improved margins, with consolidated revenue in the vicinity of Rs.49,500 crore and PAT in the low thousands of crores; recent quarterly reporting showed EBITDA of ~15% (Q4 FY25 EBITDA ≈ Rs.1,791 crore). Key per-share metrics—basic EPS around Rs.11.25 and book value per share near Rs.39—illustrate healthy earnings power and a strengthening cash flow profile to support capex and R&D. Market-cap and valuation metrics place the stock in a range where investors are pricing growth expectations for EV transition.

Strategic Implications for the EV Supply Chain
* De-risking battery supply: a local pack-assembly and eventual cell manufacturing capability reduces reliance on fully imported battery systems and shortens lead times.
* Cost & margin pressure: domestic cell production can compress per-kWh costs over time and protect vehicle OEM margins (critical for commercial vehicles where battery is a large portion of system cost).
* Ecosystem ripple: suppliers (BMS, thermal management, pack-integrators), real estate and O&M services in the region stand to benefit from factory and campus builds.

Critical Financial Indicators for Investment Decisions
* Capex intensity: the Rs.5,000 crore commit is the headline; track how much is front-loaded vs. phased over 3–5 years and whether government incentives (PLI/subsidies) offset capex.
* Gross margin / EBITDA conversion: watch for changes in vehicle gross margins as in-house battery sourcing replaces bought-in packs; a 100–200 bps swing materially affects EPS.
* Return on Capital Employed (ROCE): battery plants are capital-heavy; a multi-year ROCE recovery profile will determine the value added versus returning cash to shareholders.
* Per-kWh cost trajectory: investors should monitor announcements around per-kWh costs for assembled packs and, later, cell production — this drives competitive pricing for fleet customers.
Risks and Counterpoints
There are execution and geopolitical risks. CALB has faced patent-dispute headlines and its China ties could become sensitive in some policy contexts; converting a pack-assembly line into full-cell manufacturing requires time, talent and capital. Domestic competition (Tata, Ashok Leyland’s OEM peers) and global battery firms are also scaling, so market share is not guaranteed. Finally, battery economics are highly cyclical and raw-material prices (nickel, lithium, cobalt) remain a risk to realized margins.

Recommended Investor Actions
* If you are long-term (≥3–5 years): this is a strategically positive move. Maintain or modestly accumulate positions if Ashok Leyland fits your EV/industrial exposure thesis, but size allocations knowing battery returns are lumpy and realized benefits may take several years. Monitor capex phasing and first-year pack margins.
* Event-driven traders: watch for operational milestones (MoUs → definitive agreements → ground-breaking → first pack shipments). These events can trigger re-rating if accompanied by cost or revenue guidance.
* Sector plays: consider adjacencies — listed suppliers (BMS, pack integrators, thermal-management vendors), local EMS/real-estate names near plant locations, and logistics providers — that might see earlier revenue impact. Do due diligence on balance sheets and margins before speculating.
* Risk management: cap position sizes, set stop-losses or rebalancing rules, and keep an eye on raw-material price trends and policy shifts affecting Chinese tech partnerships.

Conclusion
Ashok Leyland’s tie-up with CALB and a headline Rs.5,000 crore investment marks a meaningful step toward localized battery capability in India’s commercial-vehicle segment. For long-term investors, it raises the company’s addressable EV opportunity and supply-chain control; for traders, it creates event-driven catalysts. The key to value creation will be execution speed, per-kWh cost improvement and converting pack capacity into revenue while maintaining healthy margins. Monitor quarterly capex disclosures, pack/unit economics and early revenue recognition tied to the new facilities.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Infosys’s ₹300 crore Mohali Campus: What it Means for the IT Sector and Investors

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Navratri Demand + GST 2.0: How India’s Auto Sector Hit New Heights
Automobile News, Autos, Business, business update, Markets - August 12, 2025

Remsons Industries Q1 FY26: Consolidated Growth Powers Ahead

Remsons Industries Q1 FY26: Consolidated Growth Powers Ahead

Financial Highlights: Q1 FY26
Remsons Industries, a leading Indian supplier of automotive cables and components, announced robust consolidated financial results for the quarter ended June 2025. Consolidated revenue surged to approximately ₹99.6 crore, reflecting a sharp 30% rise over the previous year. PAT surged 73% year-on-year, coming in at around ₹3.6 crore for the quarter.
Earnings per share also followed this growth trajectory, underscoring the company’s operational discipline and strong demand from global and domestic customers. At the same time, consolidated operating margins crept higher: EBITDA rose by 63% year-on-year, and a healthy 11% operating margin was reported.
However, standalone results painted a contrasting picture. Standalone revenues fell by nearly 8%, and standalone net profit slipped 11% year-on-year, primarily due to persistent softness in domestic core markets.

Strategic Expansion and New Ventures
Remsons’ management has pushed strongly into diversification and external partnerships to insulate it from domestic cyclical weaknesses. The company launched a new subsidiary, Remsons Edge Technologies Private Limited, and completed a significant (35.86%) minority acquisition in Astro Motors Private Limited. These bold moves aim to reinforce Remsons’ portfolio, boost R&D, and add new revenue streams, particularly through electric vehicle and high-value product segments.
Further, Remsons has aggressively broadened its product range and is steadily progressing on its stated ambition to venture into the railway and defense sectors—two markets with promising long-term potential.

Operational Excellence and International Push
Despite muted domestic auto sector trends during the quarter, Remsons outperformed its industry peers thanks to a blend of operational efficiencies, robust export growth, and a shift towards high-value, customized products. Management cited export realization and premium orders as critical drivers for consolidated revenue growth, particularly as overseas markets offered better pricing and stability.
Export growth and diversification not only cushioned against local market headwinds but also helped drive up profitability, as evidenced by the year-on-year expansion in margins.

Chairman’s Perspective: Confidence Amid Uncertainties
Chairman and Managing Director Krishna Kejriwal said the company’s strong results highlight its flexible and resilient business model.
He stressed that, even in a sluggish auto market, the company achieved remarkable results by advancing high-value segments, enhancing operational efficiency, and maintaining a firm focus on creating value for shareholders.
The company aims to reach a revenue milestone of ₹900–1,000 crore by FY29 as part of its medium-term goals. Management’s ongoing commitment to invest in technology, people, and process innovation remains central to this goal.

Challenges: Standalone Softness and Sectoral Risks
The main blemish in Q1’s performance was the dip in standalone revenue and profit. While the reasons include subdued demand from core Indian OEM clients and heightened competition, the company appears confident that its strategic pivots—such as moving further up the value chain and increasing export reliance—will help mitigate these headwinds moving forward.
Remsons also faces the broader cyclical risks affecting the auto sector, including input cost volatility, currency fluctuations, and changing regulatory norms. Nonetheless, its diversified base and strong cash position provide some insulation.

Conclusion: On Track for Ambitious Growth, with Cautious Optimism
Remsons Industries’ Q1 FY26 performance demonstrates the effectiveness of its transformation efforts and diversification into both product lines and geographies. Robust consolidated growth and margin expansion speak to improving competitiveness and operational focus. While soft spots remain in certain business verticals, particularly domestically, the company’s trajectory remains positive.
Management’s medium-term outlook is upbeat, grounded in investments in innovation, new business verticals, and continued global expansion. If Remsons sustains its strategic discipline, further market share gains and profitability improvements are likely.

 

 

 

 

 

 

 

 

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Reliance Retail Writes Off $200 Million Dunzo Investment — A Wake-Up Call for Quick-Commerce in India

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Toyota Unveils Limited-Edition Prestige Pack for Hyryder With Bold Exterior Enhancements
Automobile News, business update - July 9, 2025

Toyota Unveils Limited-Edition Prestige Pack for Hyryder With Bold Exterior Enhancements

Toyota Unveils Limited-Edition Prestige Pack for Hyryder With Bold Exterior Enhancements

Toyota rolls out a limited-time accessory upgrade called the Prestige Pack for its Urban Cruiser Hyryder, adding premium chrome accents to all variants.

Toyota Adds Shine to the Hyryder With Prestige Pack

Toyota has unveiled a newly curated set of add-on accessories exclusively for its well-received Urban Cruiser Hyryder SUV. Dubbed the “Prestige Pack,” this dealer-installed upgrade aims to elevate the SUV’s appearance with stylish exterior add-ons. Offered for a short duration, this accessory bundle—priced around ₹23,000—can be fitted to any Hyryder variant, whether petrol or hybrid.

While this new bundle doesn’t change anything mechanically, it adds to the visual appeal of the vehicle, making it stand out without affecting performance or cabin features. This strategy caters to buyers seeking personalization options straight from the showroom.

What Does the Prestige Pack Include?

The Prestige Pack brings a collection of chrome-heavy accessories focused entirely on enhancing the SUV’s outer appearance. The upgrades include premium door visors with stainless steel inserts and a prominent hood emblem that adds character to the bonnet.

The side profile receives additional flair through the inclusion of fender embellishments and full body cladding, giving the SUV a bolder stance. At the front, there’s a garnish for the bumper and stylish chrome outlines for the headlamps, adding a refined touch to the front fascia.

Moving to the rear, the enhancements continue with a chrome garnish on the tailgate, bumper, and rear lamps. Even the back door receives a decorative touch, contributing to a more premium and cohesive design language.

Altogether, these additions combine to provide a distinctive, polished look that enhances the Hyryder’s presence on the road—something particularly appealing in the design-conscious compact SUV segment.

Available Across All Petrol and Hybrid Variants

What makes the Prestige Pack particularly attractive is its wide applicability. It’s not restricted to any specific trim or engine type, allowing customers across the entire Hyryder lineup to benefit from this cosmetic upgrade. Whether you’re opting for the entry-level petrol variant or the top-end strong hybrid model, the full set of accessories can be installed without any compatibility issues.

This flexible offering ensures that both budget-conscious buyers and premium-seeking customers have the opportunity to customize their Hyryder without the need to choose a different variant or depend on aftermarket installations.

No Mechanical Changes, Same Engine Options

The Prestige Pack is purely cosmetic. The SUV’s core mechanical setup—including its engine and transmission—remains entirely untouched by this update. Toyota continues to offer the Urban Cruiser Hyryder with a choice of three powertrain options.

Leading the lineup is a 1.5-litre, four-cylinder petrol unit with natural aspiration, delivering 101 bhp and available with either a 5-speed manual or a 6-speed automatic torque converter gearbox.

The second is a fuel-efficient strong-hybrid setup, delivering 114 bhp using a petrol-electric combination. This variant features an e-CVT automatic gearbox and is well-suited for buyers prioritizing mileage and urban comfort.

Finally, for those seeking better traction and off-road capability, there’s an all-wheel-drive (AWD) version available. This setup is available exclusively in the manual transmission variant paired with the mild-hybrid petrol drivetrain.

Part of Toyota’s Strategy to Offer More Personalisation

By rolling out the Prestige Pack, Toyota is clearly leaning into the growing demand for factory-end customisation options in India. More and more car buyers today look for vehicles that reflect their personality, and aesthetic add-ons have become a key trend—especially in the compact SUV space.

Rather than launching a completely new variant or special edition, this limited-time accessory bundle offers an easy way to refresh the model and attract buyers without significant production changes. It also helps Toyota keep the Hyryder competitive in a segment where visual upgrades and small details can sway purchase decisions.

Staying Ahead in a Highly Competitive Market

India’s compact SUV segment is marked by fierce rivalry among automakers. The Hyryder faces tough competition from other popular models like the Hyundai Creta, Kia Seltos, and the Maruti Suzuki Grand Vitara. All these rivals have either been recently updated or offer wide variant choices with distinct styling elements.

With the Prestige Pack, Toyota is using a smart and cost-effective method to give the Hyryder a fresh identity in the eyes of prospective customers. While it doesn’t bring any performance upgrades or feature additions, the cosmetic boost might just be enough to grab attention in showrooms.

Moreover, since it is a dealer-level installation, customers can add the pack during the purchase process without waiting for special editions or factory upgrades.

Final Thoughts

Toyota’s launch of the Prestige Pack for the Urban Cruiser Hyryder arrives as a strategic response to shifting buyer tastes, offering a timely visual refresh. Priced at around ₹23,000, the accessory package includes a suite of exterior chrome embellishments, body cladding, and branded details that enhance the SUV’s premium look.

It’s available across all variants—petrol and hybrid—and doesn’t require any mechanical alterations. While performance remains unchanged, the package caters to modern buyers who value design, exclusivity, and on-road presence.

As visual enhancements increasingly sway purchase choices in the compact SUV space, this strategic update enables Toyota to keep the Hyryder appealing amidst intensifying market rivalry. Overall, it’s a stylish yet practical update that enhances buyer appeal without burdening production costs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Samsung Braces for 39% Q2 Profit Fall Amid AI Chip Setbacks

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Investing in India’s EV Future: Analyzing Mercury EV-Tech’s Strategic Merger and Market Expansion
Automobile News, Autos, Markets - July 7, 2025

Nissan Considers Foxconn Deal to Sustain Oppama Operations as EV Demand Surges

Nissan Considers Foxconn Deal to Sustain Oppama Operations as EV Demand Surges

In a strategic move aimed at preserving its historic Oppama manufacturing plant in Japan, Nissan Motor Co. is reportedly in discussions with Taiwanese electronics giant Foxconn to explore the possibility of assembling electric vehicles (EVs) under the Foxconn brand. According to a recent report by Nikkei Asia, this collaboration could help Nissan avoid shutting down the Oppama facility, which has been a significant part of its manufacturing network for decades.

As global automakers pivot towards electric mobility, traditional production facilities like Oppama face existential threats due to underutilization and shifting production priorities. Nissan’s effort to repurpose the plant through a manufacturing arrangement with Foxconn represents a broader industry trend: legacy auto companies are increasingly turning to contract manufacturing and shared platforms to remain competitive in the evolving landscape of electric mobility.

Background: Nissan’s Restructuring Drive

The consideration to partner with Foxconn comes amid a larger restructuring effort at Nissan. The company had previously announced plans to reduce its global manufacturing footprint by closing 7 of its 17 production plants worldwide and laying off up to 15% of its global workforce. As part of this overhaul, the Oppama plant, located in Yokosuka, Japan, was reportedly being evaluated for potential closure due to its declining production volumes.

Currently employing around 3,900 people, the Oppama facility has historically played a key role in Nissan’s domestic vehicle production. However, as demand shifts from internal combustion engine (ICE) vehicles to electric and hybrid alternatives, the plant’s capacity has been underutilized. This has led Nissan to explore ways to keep the plant operational without significantly adding to its capital expenditure.

Foxconn’s EV Ambitions

For Foxconn, best known as the primary assembler of Apple’s iPhones, this partnership aligns with its ambition to expand aggressively into the electric vehicle market. In recent years, Foxconn has revealed a series of EV concepts and entered into various partnerships globally to establish its presence in the automotive sector.

Foxconn’s EV unit has already signed agreements with manufacturers such as Fisker and Lordstown Motors, and in April 2025, its EV division reiterated its interest in collaborating with Japanese carmakers, including Nissan. By tapping into existing plants like Oppama, Foxconn could accelerate its market entry while avoiding the high costs and delays associated with building new production infrastructure from scratch.

A Win-Win Proposition

The potential collaboration presents clear advantages for both companies. For Nissan, leasing out excess capacity to Foxconn would reduce the financial burden of maintaining an underutilized plant, preserve thousands of jobs, and support its supplier ecosystem. For Foxconn, access to a ready-to-use facility in Japan would enable faster scaling of EV production and strengthen its credibility in the automotive industry.

Moreover, this move would signal a shift in manufacturing philosophy—blurring the lines between traditional automakers and tech manufacturing giants. With EV production requiring fewer moving parts and more electronic integration, tech-focused firms like Foxconn bring valuable capabilities to the table, especially in battery technology, software, and cost-efficient assembly.

No Official Confirmation Yet

Despite the report from Nikkei, Nissan has clarified that no formal decision has been made and that the article was not based on an official announcement. Foxconn, meanwhile, has yet to issue any official statement regarding the development. This leaves room for speculation, although industry analysts believe that such a move would make strategic sense given both companies’ current trajectories.

Impact on Employment and Suppliers

If the deal goes through, it could safeguard employment for the nearly 4,000 workers at Oppama and provide stability to local auto parts suppliers who depend on Nissan’s production volumes. The factory’s closure would have wide-reaching implications, not just for Nissan’s balance sheet but also for the local economy.

Retaining the plant through a contract manufacturing agreement would demonstrate Nissan’s commitment to its domestic workforce while also adapting to global trends. It could also serve as a template for other struggling facilities in Japan and abroad, especially as automakers face pressure to streamline operations and cut emissions.

Future Outlook

This potential partnership also reflects the broader industry trend of collaboration across traditional boundaries. Automakers are increasingly seeking alliances with technology firms to fast-track innovation, reduce costs, and improve production flexibility. As the EV market becomes more competitive, strategic tie-ups like the one being considered by Nissan and Foxconn may become more common.

If formalized, this deal could mark a turning point in Nissan’s manufacturing strategy and further validate Foxconn’s transition from consumer electronics to electric mobility. The move could also inspire similar partnerships across the automotive sector, where the race to electrification is pushing companies to rethink long-standing operational models.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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FINO Payments Bank Eyes ₹100 Crore Profit in FY26 Amid Strong Digital Shift

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Renault's Bold Move: JSW Alliance Shifts India's EV Landscape
Automobile News, Autos - July 5, 2025

Renault's Bold Move: JSW Alliance Shifts India's EV Landscape

Renault’s Bold Move: JSW Alliance Shifts India’s EV Landscape

French car manufacturer Renault is considering a new collaboration with JSW Group to rejuvenate its strategy in India, indicating a significant shift in the industry landscape.

Summary:
Renault SA is reportedly in early-stage discussions with India’s JSW Group for a possible joint venture, as its long-standing partnership with Nissan faces uncertainty. The move could reshape India’s EV and automotive sector, with JSW already investing in MG Motor and seeking to expand its electric vehicle portfolio.

Renault SA, one of Europe’s leading automobile manufacturers, is actively exploring new options to strengthen its foothold in the Indian market. Sources within the industry indicate that the French automobile major has initiated initial discussions with the JSW Group, an Indian conglomerate with a diverse portfolio and an expanding presence in the automotive industry, to establish a strategic joint venture. This comes at a time when Renault’s global alliance with Nissan is reportedly under stress, prompting both companies to reevaluate their regional operations, including India.
The timing of this potential collaboration is significant. The Indian automotive sector is undergoing a profound shift, with electric vehicles (EVs) gaining traction thanks to favourable government policies, improving charging infrastructure, and rising consumer interest in sustainable mobility. JSW Group, led by Sajjan Jindal, has already taken strategic steps in this direction by investing in MG Motor India, and is now looking to strengthen its EV portfolio further.
For Renault, a partnership with JSW could serve as a critical pivot. While the Renault-Nissan alliance has operated plants and developed vehicles together in India for over a decade, sources suggest the partnership has lately faced differences over future investment priorities and product roadmaps. If these differences deepen, Renault may require a new partner to continue its ambitions for growth in one of the world’s most promising automotive markets.

Renault’s India Challenge
Renault’s presence in India has seen mixed fortunes over the past decade. Models like the Kwid initially won over cost-sensitive buyers, but recent sales trends have highlighted challenges. The competition has become fiercer, with homegrown brands like Tata Motors and Mahindra, as well as Korean giant Hyundai, aggressively expanding their offerings, especially in the EV segment.
The Renault-Nissan plant in Chennai has been a cornerstone of their India manufacturing, but with strategic disagreements surfacing globally, Renault appears keen on hedging its bets by looking for an additional or alternative partner. The JSW Group, backed by significant financial resources, extensive industrial expertise, and a strong interest in electric vehicles, emerges as a strong contender.

JSW Group’s Automotive Ambitions
JSW Group, traditionally known for its steel and energy businesses, has been making steady moves into the automotive ecosystem. The group recently acquired a stake in MG Motor India and plans to localise EV production to meet India’s growing demand. Given its financial strength, manufacturing know-how, and clear push toward green mobility, a Renault-JSW alliance could potentially create a formidable player in the Indian passenger vehicle market.
If the talks succeed, it is likely the joint venture would focus heavily on EVs, leveraging Renault’s design and engineering expertise alongside JSW’s industrial scale and local market understanding. This aligns with the Indian government’s broader target of having 30% of new car sales come from electric vehicles by 2030.

Implications for Nissan
If Renault moves closer to JSW, Nissan could find itself having to recalibrate its own India strategy. The Renault-Nissan alliance has been a pillar of global automotive cooperation, but recent reports suggest diverging interests, especially around EV investments and platform sharing.
Any significant reshuffle of Renault’s alliances will likely force Nissan to reassess its footprint in India. Nissan’s own EV plans have been relatively slower compared to competitors, and losing Renault as a partner in India could hamper its market relevance unless it finds another collaborator or reinvents its roadmap independently.

Strategic Realignment Ahead
For India’s automotive market, these developments are a sign of more profound industry realignment. Partnerships are increasingly being shaped by electrification, localisation, and sustainability imperatives. A Renault-JSW tie-up could accelerate the pace of EV adoption in India by bringing together global design capabilities and robust local manufacturing.
Additionally, JSW’s existing relationship with MG Motor could open avenues for cross-platform collaboration, shared charging infrastructure, and even joint supplier networks, creating valuable synergies and economies of scale.
For Renault, securing a foothold with a local powerhouse like JSW may offer not just financial security but also a strategic advantage in navigating India’s rapidly evolving auto market, where changes in policy and consumer preferences are growing more quickly than ever.
As negotiations are reportedly at a preliminary stage, industry watchers will be keenly following how the talks progress and whether this marks the beginning of a new chapter in India’s auto industry. If finalised, the partnership could serve as a blueprint for other foreign automakers seeking to future-proof their India business by leveraging local alliances and sustainable growth models.
Only time will tell whether Renault and JSW can align their visions to create a dynamic, future-focused automotive powerhouse. But one thing is clear: India’s auto market is entering a period of unprecedented change, and this potential alliance could be one of its defining moments.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Tata Power Renewable Achieves Record Green Energy!

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Ashok Leyland–CALB Tie-Up: A Game Changer for EV Investors
Automobile News, Autos - July 4, 2025

Northward Drive: Ashok Leyland Eyes Bigger Slice of India's Trucking Market

Northward Drive: Ashok Leyland Eyes Bigger Slice of India’s Trucking Market

With 50 new touchpoints planned in FY26, Ashok Leyland aims to hit 30% market share in North India’s medium and heavy commercial vehicle segment.

Ashok Leyland Sets Sights on North Indian Expansion

Hinduja Group’s leading commercial vehicle entity, Ashok Leyland, is gearing up for a significant growth drive in Northern India, aiming to elevate its presence in the medium and heavy vehicle category. The company is targeting a 30% market share in the region, up from its current level of nearly 26%, by enhancing service infrastructure and tapping into growing regional demand.

The auto major plans to roll out 50 new touchpoints across North India in FY26, strengthening its network of sales, service, and spare parts outlets. This strategic push reflects Ashok Leyland’s broader mission to balance its regional strengths and capture greater value in India’s most commercially active zones.

Market Share Snapshot Across Regions

Ashok Leyland has built a strong footprint across different parts of the country. In FY25, the company recorded:

• Approximately 26% market share in North India
• Over 40% in South India
• More than 35% in West India
• Close to 24% in East India

With an industry-wide M&HCV volume of around 3.8 lakh units in FY25, Ashok Leyland contributed 1.13 lakh units, giving it a 30% national share. The medium and heavy commercial vehicle category includes models with gross vehicle weights spanning from 7.5 metric tons up to 55 metric tons.

Over the years, the company has significantly grown its nationwide footprint—from 679 outlets in FY21 to 1,051 outlets by FY25—all catering to comprehensive commercial vehicle support services.

Strengthening the Northern Network

Recognizing the strategic importance of North India, Ashok Leyland is doubling down on infrastructure in the region. Company leadership acknowledged that while the South and West regions need to be defended, the North and East present immense growth opportunities.

North India accounts for about 32% of India’s total M&HCV volumes, driven by vibrant industrial activity, new infrastructure developments, and demand from logistics-dependent sectors. Factors such as:

• Growing e-commerce hubs
• Automotive manufacturing clusters
• Large-scale infrastructure projects in states like Uttar Pradesh and Rajasthan
• Rising demand for transport vehicles due to economic expansion

These are contributing to the region’s commercial vehicle boom.
Ashok Leyland’s current 300 touchpoints in the North have already led to a 6.5% increase in market share over the past three years. With 50 new outlets scheduled for launch in FY26, the company is accelerating this upward trajectory.

Every 50 Kilometres: A Workshop in FY27

Ashok Leyland has outlined an ambitious roadmap to establish a service facility at 50-kilometre intervals throughout North India by the end of FY27. This hyper-localized approach to service coverage is aimed at reducing vehicle downtime, enhancing customer satisfaction, and supporting large fleet operations.

The 50 touchpoints planned for FY26 will be implemented gradually throughout the year, with all units becoming fully functional by the fourth quarter. These facilities will focus primarily on supporting trucks and buses in the 7.5 to 55-ton range, catering to both urban and rural routes.

Product Pipeline and Operational Confidence

Ashok Leyland’s growth ambitions are supported by a strong product roadmap. In FY26, the company is preparing to launch several new offerings, including:

• LNG-powered tractor-trailers
• High-horsepower tippers
• CNG buses

These new models are tailored to meet shifting consumer preferences and align with India’s push towards greener transport solutions.

Despite global uncertainties, including concerns over rare earth magnet supplies and Middle East tensions, the company remains confident. It has reported no significant supply chain disruptions, particularly for internal combustion engine (ICE) commercial vehicles, which are less reliant on such critical materials.

Diesel Prices and Operating Costs

On the operational front, Ashok Leyland noted that diesel prices, which are crucial for transport operators, have remained stable in recent years. Despite volatility in global crude markets, domestic fuel rates have not seen major swings, providing a level of predictability for commercial fleet operators.

The company also confirmed that geopolitical developments like the Iran-Israel conflict have had no direct impact on industry performance or supply chains so far.

Final Thoughts

Ashok Leyland’s renewed push into North India’s M&HCV market marks a bold step toward balancing its regional presence and capturing a larger slice of the country’s most dynamic commercial corridor. With a focus on expanding infrastructure, launching new products, and delivering high-touch after-sales service, the company aims to climb from a 26% to a 30% market share in the North over the next few years.

As India’s logistics and infrastructure sectors continue to thrive, Ashok Leyland’s proactive strategy and consistent execution could significantly elevate its market standing nationwide.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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TCS Allocates ₹4,500 Crore for Realty Expansion!

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Tata Motors Revamps EV Strategy to Reclaim Leadership in Indian Market
Automobile News, Autos, Market News - June 23, 2025

Tata Motors Revamps EV Strategy to Reclaim Leadership in Indian Market

Tata Motors Revamps EV Strategy to Reclaim Leadership in Indian Market

Backed by a ₹16,000 crore plan, Tata aims for 50% EV market share through longer ranges, price parity, and massive retail expansion.

Reviving Momentum: Tata Motors Eyes Major Turnaround in EV Sector

After witnessing a sharp decline in its electric vehicle (EV) market dominance, Tata Motors is charting an ambitious roadmap to reclaim its leadership position. The automaker, which once held an overwhelming 81% share of India’s EV market in FY23, saw that figure plummet to 35% by May 2025, as per data from the Federation of Automobile Dealers Association (FADA).

With rival brands accelerating their product pipelines and offering more diverse EV portfolios, Tata Motors is responding with a multifaceted revival plan. Central to this renewed approach are range upgrades, cost restructuring, wider availability, and the introduction of new electric models—including premium vehicles under the Avinya brand.

Reaching for 50% Market Share Once Again

At the company’s recent Investor Day in Mumbai, Shailesh Chandra, Managing Director of Tata Passenger Electric Mobility, expressed confidence in reversing the slide. He expressed confidence that, over the medium to long horizon, the company is targeting a comeback to reclaim 50% of the electric vehicle market share.

To achieve this, Tata Motors is overhauling its strategy with a focus on three key parameters: improving the driving range of its EVs by up to 60%, expanding its retail footprint fourfold, and narrowing the price gap between EVs and internal combustion engine (ICE) vehicles. The company’s roadmap includes launching both bespoke EVs and mid-segment models over the next 18 months, in addition to expanding the Avinya lineup by 2026.

Next-Gen EVs with Better Range and Lower Costs

Tata Motors commands a significant lead in the low-cost EV category, securing 78% market presence with strong contributions from its Tiago and Punch electric models. These vehicles, generally regarded as urban commuter cars, offer driving ranges close to 250 km. However, Tata is now aiming to extend that range to between 350 and 400 km—making these cars more practical for longer usage while also working to maintain affordability.

“We see massive demand in the entry EV space. To meet this, we must push the range higher while keeping the costs low enough to rival petrol-powered cars,” Chandra explained.

At the premium end, Tata has already taken a significant step with the recently launched Harrier EV, boasting a driving range exceeding 500 km. In the mid-range ₹12–20 lakh bracket, where Tata offers the Curvv and Nexon EV, the company holds a 36% market share. With upcoming feature-rich models and pricing adjustments, Tata expects to make stronger inroads in this competitive segment.

Achieving Price Parity with ICE Models

A major recent milestone for Tata Motors has been narrowing the cost difference between its electric models and traditional fuel-driven cars. Through aggressive localisation of components, declining battery prices, and streamlined manufacturing, Tata has brought EV pricing in line with ICE variants for certain trims.

Consider the Nexon Creative AT: its electric variant comes in at ₹14.79 lakh, nearly on par with the petrol version, which is listed at ₹14.32 lakh. Similarly, the electric Harrier is being offered at ₹22.95 lakh—lower than its fuel-based counterpart, which costs ₹23.06 lakh. These pricing strategies reflect Tata’s intent to make EVs a viable option for a larger customer base.

Retail Expansion: From Hundreds to Thousands of Locations

Currently, Tata Motors has a presence in 230 cities and operates around 1,100 EV sales points across India. The company intends to massively broaden its footprint, targeting expansion into 1,000 urban and semi-urban locations within the next four to five years.

To streamline operations and enhance customer experience, Tata is also evaluating a dedicated sales network for EVs, possibly even separating it from the existing passenger vehicle channel. While not confirmed, the company acknowledges it as a “logical step” that is under active review.

Merging EV and PV Arms for Future Synergies

Tata Motors previously carved out its electric and passenger vehicle divisions to pursue more targeted and strategic expansion. However, with the market maturing and future strategies demanding tighter integration, the company is now considering reintegrating its EV division back into the passenger vehicle (PV) business.

PB Balaji, Group CFO of Tata Motors, mentioned that such a merger is on the horizon and will enable the company to build greater operational flexibility and efficiency.

The broader EV revival push will be powered by a planned ₹16,000 crore investment, to be funded through a mix of internal accruals, proceeds from the Production Linked Incentive (PLI) scheme, and support from the PV business.

Final Thoughts

Tata Motors is leaving no stone unturned in its mission to reclaim dominance in India’s electric vehicle space. After facing mounting competition and a steep drop in market share, the automaker is responding with a future-ready strategy that hinges on longer-range models, competitive pricing, and nationwide availability.

From expanding infrastructure to launching premium and entry-level EVs with improved performance, Tata’s ₹16,000 crore investment underscores a serious commitment to transformation. By working toward price parity and better driving experience, while potentially redefining brand and sales channels, Tata Motors is positioning itself for a powerful return to the top of the EV leaderboard.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Jaguar Land Rover Revises FY26 Forecast Amid Global Challenges

Jaguar Land Rover Revises FY26 Forecast Amid Global Challenges

Jaguar Land Rover (JLR), the luxury vehicle division of Tata Motors, has revised its financial expectations for the fiscal year 2025-26 (FY26), citing multiple global challenges. The company now anticipates reduced profit margins and minimal free cash flow due to mounting pressures from international tariffs, a sluggish Chinese automotive market, and substantial investments in electric vehicle (EV) development. These hurdles have also triggered a noticeable reaction in the stock market, with Tata Motors shares falling significant

Financial Outlook for FY26 Adjusted

Jaguar Land Rover has revised its expected EBIT margin for FY26, now anticipating it to fall within the 5% to 7% range. This revised estimate is considerably less than the previously targeted margin of 10% and is also below the approximate 8.5% EBIT margin achieved in FY25. In addition, JLR now expects its free cash flow for FY26 to be nearly neutral, compared to the robust £1.4 billion reported in the prior year.

The company has also chosen not to release detailed revenue guidance for FY26, highlighting the uncertainty it faces across its key markets.

U.S. Tariffs Impact JLR Operations

A significant factor affecting JLR’s profitability is the recent decision by the United States to impose a 25% tariff on vehicles manufactured outside its borders. This policy directly impacts several of JLR’s major models, especially the Defender, which is built at the company’s facility in Slovakia. Although the UK secured a limited trade agreement with the U.S. allowing 100,000 UK-manufactured vehicles to enter at a reduced 10% tariff rate, this exemption does not apply to vehicles produced in other countries.

In response, JLR temporarily halted vehicle shipments to the U.S. starting in April 2025 and rerouted those vehicles to other regions. The company is now exploring the possibility of raising vehicle prices in the American market to offset the financial burden of the increased tariffs.

Weakening Chinese Automotive Market

China has historically been one of JLR’s most important markets, particularly in the luxury vehicle segment. However, the company is now facing reduced demand in China, which has become an increasingly competitive landscape with the rise of strong local manufacturers. The declining sales volumes and shrinking consumer appetite for premium vehicles in China have added further strain to JLR’s global revenue streams.

This slowdown in China, coupled with the added pressure from U.S. trade policies, has forced JLR to reassess its short-term growth plans and financial projections.

Heavy Investments in Electric Vehicles

JLR is undergoing a strategic transition focused on expanding its electric vehicle portfolio. This shift involves significant capital expenditure for the development of new electric platforms, advanced battery technologies, and modernizing manufacturing processes. Additionally, the company is gradually phasing out older Jaguar models that do not align with its long-term electrification goals.

Although these investments are critical for future competitiveness, they are putting considerable pressure on JLR’s current financial performance, especially as the company navigates an increasingly complex global market.

Long-Term Strategy Remains Unchanged

Despite facing multiple short-term obstacles, JLR remains committed to its long-term vision. The company continues to target a 15% EBIT margin over the coming years, with hopes of regaining financial stability by FY27 or FY28. JLR’s leadership believes that its investments in EVs, along with efforts to negotiate better trade agreements, will eventually support a robust recovery.

The company is also working closely with both the UK and U.S. governments to potentially secure more favorable trade conditions that could alleviate some of the tariff-related challenges.

Stock Market and Analyst Reactions

Following JLR’s announcement of its revised financial projections, Tata Motors shares saw a steep decline of approximately 5%, reflecting market concerns over the company’s near-term profitability.

Financial analysts have offered mixed reviews. Some, including experts from Morgan Stanley, believe that JLR’s proactive steps and long-term focus could lead to a gradual recovery. However, others, such as Jefferies and Nuvama, have expressed caution, noting that persistent margin pressures and uncertainty in key markets may continue to weigh on JLR’s financial performance.

Conclusion

Jaguar Land Rover is currently facing a convergence of global trade disruptions, weakening demand in crucial markets, and the heavy costs associated with a major technological shift toward electric vehicles. Although these factors are expected to significantly impact the company’s performance in FY26, JLR remains focused on its broader strategy of long-term growth through electrification and operational transformation. The next few years will be pivotal as the company works to navigate these obstacles and solidify its place in the global automotive industry.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Mahindra Plans Hybrid Versions for BE.6 and XEV 9e to Broaden EV Strategy

Mahindra Plans Hybrid Versions for BE.6 and XEV 9e to Broaden EV Strategy

Mahindra & Mahindra, a key player in India’s automotive market, is considering introducing hybrid powertrains for its upcoming electric SUV models, the BE.6 and XEV 9e. This marks a significant adjustment from Mahindra’s original all-electric approach, signaling a strategic effort to address the current challenges surrounding EV adoption.

Mahindra’s Versatile INGLO Platform
The BE.6 and XEV 9e are being developed on Mahindra’s advanced INGLO platform, which is specifically designed for electric vehicles. While these models were initially conceptualized as fully electric, the flexible design of the INGLO platform now allows Mahindra to easily explore hybrid powertrain options without major design changes.
The architecture is built to support different types of powertrains, including rear-wheel drive, all-wheel drive, and possibly hybrid systems in the future. This multi-configuration ability has positioned Mahindra to consider adding hybrid alternatives to its existing electric plans.

The Push Towards Hybrid Technology
Although electric vehicles are gaining momentum, their growth in India still faces obstacles such as insufficient charging networks, high costs, and consumer uncertainty about driving range. Introducing hybrid options—specifically those using a compact petrol engine to generate power for the battery—can help bridge the gap for buyers who are not yet comfortable committing to fully electric vehicles.
Expanding into hybrids will also allow Mahindra to cater to a wider audience, including international markets where similar infrastructure limitations exist. This strategy could strengthen Mahindra’s presence in regions where fully electric models alone may not be enough to satisfy consumer needs.

Possible Hybrid Designs for BE.6 and XEV 9e
While Mahindra has not yet shared complete technical specifications, it is likely that the hybrid versions will adopt a range-extender system. In this setup, the vehicle’s electric motor would continue to power the wheels, but a small internal combustion engine would act only as a generator to charge the battery when needed. This system would maintain the feel of an electric vehicle while providing extra range security.
The existing battery options—59 kWh and 79 kWh—are expected to remain in place, offering driving ranges between approximately 500 km and 650 km for the all-electric models. With the addition of a hybrid system, these SUVs could achieve even longer ranges, reducing concerns about charging availability on long trips.

Market Timing and Future Rollout
Mahindra’s decision to explore hybrids is well-timed as more automakers worldwide are introducing hybrid alternatives alongside their electric vehicle lines. Companies such as Toyota, Honda, and Hyundai are already seeing success with their hybrid SUVs in both domestic and global markets.
For Indian consumers, especially those in smaller cities where charging stations are still scarce, a hybrid SUV from Mahindra could be an attractive option. By offering both electric and hybrid choices, Mahindra would be able to serve both environmentally conscious drivers and those who still prefer the reassurance of fuel-based backup power.
In addition, this approach could help Mahindra meet upcoming regulatory requirements while taking advantage of tax benefits offered for hybrid vehicles in certain segments.

Key Challenges for Mahindra
While the hybrid strategy appears promising, Mahindra must address several engineering and market challenges. Incorporating an internal combustion engine into an EV-specific platform could present technical difficulties, particularly in space management and cooling systems.
Pricing will also be crucial. The hybrid models need to be competitively priced to justify the additional cost of a more complex powertrain. At the same time, Mahindra must ensure the driving experience remains seamless between electric and hybrid modes to avoid confusing potential buyers.
Educating customers about the differences between range-extender hybrids, plug-in hybrids, and conventional hybrids will also be important to ensure that consumers fully understand what the new variants offer.

Final Thoughts
Mahindra’s consideration of hybrid powertrains for the BE.6 and XEV 9e suggests the company is building a more flexible and realistic clean mobility roadmap. Rather than focusing solely on fully electric solutions, Mahindra is positioning itself to offer more choices that can appeal to a wider range of customers.
By leveraging the versatility of the INGLO platform, Mahindra can introduce hybrids without starting from scratch, potentially gaining a competitive edge in both domestic and international markets. If the company successfully integrates these hybrid solutions, it could significantly strengthen Mahindra’s role in India’s transition toward sustainable and practical automotive options.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Future Forward: Godrej Motor Solutions Aims for ₹1000 Cr Revenue Milestone

Future Forward: Godrej Motor Solutions Aims for ₹1000 Cr Revenue Milestone

With a ₹40 Cr investment in next-gen manufacturing tech, the company eyes 40% growth driven by rising EV and export market demand.

Strategic Growth Vision Anchored in Electrification and Export Expansion

By FY2028, the Motor Solutions segment of Godrej Enterprises Group envisions scaling its earnings to ₹1000 crore as part of its long-term growth trajectory. This ambitious target represents a 40% jump from the company’s present revenue levels, with projections indicating a climb to ₹750 crore by FY26. A significant share of this growth—nearly 20%—is expected to stem from overseas markets.

The growth blueprint is built on strengthening its foothold in electric vehicles, HVAC systems, actuators, and pump-related applications, both in India and internationally. With a firm eye on future technologies, Godrej plans to channel ₹40 crore over the next three years into ramping up production capacities and integrating advanced manufacturing technologies across its operations.

R&D-Led Manufacturing Transformation

The leadership at Godrej Motor Solutions is committed to innovation as the core driver of its expansion. According to company officials, the business is heavily investing in research and development, while simultaneously upgrading its manufacturing lines with cutting-edge equipment and automation.

This technological leap will support Godrej’s aim of building motors with higher efficiency and reduced reliance on rare-earth elements—an area of growing strategic importance. These design advancements are particularly relevant in the electric mobility and automation sectors, which demand performance, sustainability, and supply chain resilience.

Assembly Line Upgrades and Global Demand Readiness

To accommodate increasing demand in India and abroad—especially from key markets like Europe and the U.S.—the company has recently added a new motor assembly line. A notable upgrade includes the installation of a high-precision lamination punching line sourced from AIDA Japan. This state-of-the-art line is engineered to produce ultra-thin laminations, a critical component in electric vehicles, aerospace, and industrial automation.

These manufacturing enhancements are expected to directly support the company’s growth in export-oriented applications and reinforce its competitive edge in high-performance motor segments.

Strong Domestic Leadership with Expanding International Footprint

Godrej Motor Solutions commands a dominant 60% market share in India’s hermetic motor segment, which caters to refrigeration and air-conditioning needs. On the global front, the company is expanding its portfolio by supplying fully assembled motors tailored for off-road electric vehicles, currently being shipped to customers in the United States.

Looking ahead, the company plans to begin manufacturing motors compatible with controller systems developed by a German firm, further solidifying its international presence and diversifying its export offerings.

New-Era Motor Technologies and Sustainability Commitment

Godrej is also channeling resources into the development of cutting-edge motor technologies, including Switched Reluctance and Synchronous Reluctance Motor systems. These technologies eliminate or significantly reduce the use of rare-earth magnets, while maintaining or improving energy efficiency—offering a more sustainable and cost-effective solution for industrial and EV applications.

The company’s Pune-based facility, sprawling across 36 acres in Shindewadi, is equipped to manufacture over 6 million motors annually. It supports more than 300 customized motor designs catering to an array of industries, including automation, electric mobility, HVAC, and more.

Beyond technical excellence, sustainability remains a core focus. The plant holds IGBC Platinum and GreenCo Platinum Plus certifications, operates on zero waste to landfill principles, and is water-positive. Additionally, nearly 80% of the packaging used for finished goods is recycled—demonstrating a robust commitment to environmental stewardship.

Strategic Supply Chain and Regional Integration

The company benefits significantly from its strategic location within Pune’s industrial ecosystem—a region known for its dense network of automotive and manufacturing suppliers. Most of its vendors operate within a 100-kilometer radius, enabling leaner logistics, better quality control, and agile manufacturing operations. This regional synergy enhances cost-efficiency while minimizing supply chain disruptions.

The proximity to a skilled talent pool and technological know-how in Pune also contributes to the company’s innovation-driven culture and ability to respond rapidly to market shifts.

Legacy of Excellence Across Diverse Sectors

Established in 1897, Godrej Enterprises Group has grown into a multi-industry powerhouse operating across five continents. The group operates in multiple domains including aerospace, defense, real estate, engineering, logistics, energy, information technology, and consumer durables. The Motor Solutions business stands as a key pillar in this vast ecosystem, leveraging the group’s legacy of innovation, quality, and sustainability.

Final Thoughts

Godrej Motor Solutions’ strategic roadmap, anchored by technological investment and export market expansion, sets the stage for robust revenue growth over the next few years. The company’s ₹1000 crore target by FY28 reflects confidence in its advanced manufacturing capabilities, product diversification, and sustainability-focused approach.

By integrating next-gen motor technologies and reinforcing its footprint in global markets, Godrej is well-positioned to capitalize on the electrification wave sweeping across industries. As demand for EV and automation solutions rises, Godrej Motor Solutions is emerging as a forward-thinking, resilient player ready to lead the next phase of industrial transformation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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