Page 11- Industry Movement News

Ola Electric's FY26 has been turbulent: sales plummeted 47% MoM in Feb 2026 to 3,968 units, market share dipped under 6%, and ICRA issued a downgrade citing competition and losses.

CEAT is set to invest Rs 1,400 crore in FY27 to boost production capacity while navigating rising input costs and growing demand in the tyre market.

ChargeZone and Tata.ev have launched a 720 kW mega EV charging hub at Khalapur on the Mumbai–Pune Expressway, designed to meet the growing demand for fast, reliable highway charging.

Maruti Suzuki remains optimistic about steady vehicle demand in India even as geopolitical tensions in West Asia continue to rise.

Rumors of fuel shortages in Andhra Pradesh have sparked panic buying across several districts, even as officials maintain that supplies remain stable.

The Indian government is actively promoting hydrogen and alternative clean fuels to cut vehicular emissions and build a sustainable transport ecosystem.

Even as global oil markets face uncertainty, petrol prices in India have remained steady. Here's what’s driving the stability and what lies ahead.

Ola Electric strengthens its internal financial structure as its subsidiary allots Rs 127.64 crore in preference shares to a group entity.

ReadyAssist has launched Project Shakthi, an initiative aimed at training 300 women in automotive roles, promoting inclusivity and skill development in India’s mobility sector.

Porsche exits Bugatti Rimac and Rimac Group by selling its stake to HOF Capital, reshaping the future of high-performance EVs and luxury hypercars.

Tata Elxsi announces a key leadership transition as Nalin Rana takes over as CFO in May 2026, succeeding Gaurav Bajaj amid ongoing strategic growth initiatives.

JSW Motors and Tata Elxsi have joined hands to set up a new R&D center in Pune, focusing on AI, software-defined vehicles, and next-gen connected mobility solutions.

Mahindra & Mahindra has transformed its innovation landscape, achieving a staggering 20-fold growth in its patent portfolio over the past decade. From 1185 granted patents as of FY24 to thousands filed.

ASDC’s latest training initiative equips 156 drivers with essential skills, addressing the rising demand in India’s fast-growing logistics and mobility sectors.

Ola Electric’s Roadster X now holds more than half the EV‑motorcycle market in several high‑volume Indian states, highlighting its growing penetration in the bike‑centric regions.