Page 5- Industry Movement News

The rapid shift to electric vehicles is forcing India’s auto industry to rethink workforce skills, creating an urgent need for large-scale reskilling.

The government’s labor reforms could transform India’s vast trucking workforce by improving job security, compliance, and working conditions.

The company posted solid FY26 results with a 9.4% increase in consolidated net profit, supported by resilient demand and improved efficiencies across segments.

Godrej upgrades the Mumbai–Pune Expressway with advanced precast crash barriers, improving safety and durability for high-speed travel.

WEML’s NEMBHARAT enters Delhi NCR with a zero-commission model, promising better driver income and competitive pricing for riders.

The new Hazira line enhances AMNS India’s capacity to produce advanced automotive-grade steel, supporting evolving mobility demands.

MG celebrates three decades of manufacturing excellence at Zaheerabad with fresh investments and expansion plans to enhance production and future growth.

Maruti Suzuki will introduce new electric and hybrid vehicles in 2026, including the e-Vitara with a 500 km range. The company aims to blend advanced technology, modern design, and its reputation for reliability to meet evolving market demands.

Maruti Suzuki’s workforce actively participated in community service, contributing 2,600 hours to impactful CSR initiatives during FY26.

Schaeffler India maintains a steady growth outlook amid global supply chain disruptions and increasing cost pressures.

Ather Energy’s Tarun Mehta has sharply criticized India’s Production‑Linked Incentive (PLI) scheme for automobiles, saying it excludes EV‑first startups such as Ather, River, and Euler due to rigid financial eligibility.

Renault Group India's bold restructuring plan separates the powertrain into a standalone unit, streamlining ops for export growth to €2B by 2030. NCLT approval sought.

Hyundai has officially launched its advanced Pleos Connect infotainment system, bringing smartphone-like intuitive controls and powerful AI-driven performance to its future vehicle lineup starting in 2026.

EV startup Oben Electric is gearing up for a Rs 300 crore fundraise to scale operations, boost dealership presence, and strengthen its footprint in India’s growing electric two-wheeler market.

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.