Shally Mohile

Global auto supplier Forvia plans to more than double its India revenue by 2030. The company will invest an additional seventy million dollars to expand its operations. This investment will create three new manufacturing plants across the country. Forvia also expects to increase its workforce by fifty percent to over nine thousand employees. Rising demand for SUVs and vehicle electronics drives this significant expansion plan.

Maruti Suzuki is targeting leadership in India's SUV segment, backed by an expanding portfolio and rising market share now above 20 per cent.

Larsen & Toubro is investing Rs 5,000 crore over five years in a new electronic products business. This new venture aims to expand manufacturing and research capabilities for future growth. The company expects its addressable market to more than double by 2031. Mobility will be a key growth pillar, developing electric vehicle components and systems. L&T will leverage technology partnerships before building proprietary products for markets.

SML Mahindra will acquire Mahindra & Mahindra's truck and bus division. This move aims to consolidate commercial vehicle operations under one entity. The transaction is expected to be completed within this fiscal year. Combined operations will unlock manufacturing and technology synergies for growth. Future capital expenditure plans will focus on capacity and product expansion.

Mahindra Last Mile Mobility has achieved unicorn status after a substantial funding round. This investment solidifies their leadership in India's electric commercial vehicle market. The company plans an initial public offering in the second half of this financial year. Their electric three-wheelers have seen significant sales growth and market penetration. Mahindra aims to deploy one million electric vehicles on Indian roads by 2031.

Mahindra & Mahindra announced a thirty-four percent profit increase for the fiscal first quarter. Robust demand for sport utility vehicles and tractors fueled this significant financial growth. Higher commodity costs, however, did impact the company's profit margins during this period. Group companies also provided strong financial contributions to the overall results. The company maintained its full-year financial guidance despite these challenges.

Indian carmakers are absorbing rising commodity costs to sustain production levels. Demand for vehicles remains robust, driving sales growth since last October. Companies are controlling costs and expanding capacity to meet customer needs. This approach prioritizes production over short-term profit margins. Price increases are being implemented cautiously to offset cost pressures.

Electric vehicle sales nearly doubled in July, showing robust growth momentum. Sharply higher fuel prices are pushing consumers towards more affordable personal transportation options. This strong performance boosted electrics' share in new car sales to 7.8% last month. Major carmakers are ramping up production capacity to meet increasing demand.

JSW Group plans a new entity for its Volkswagen alliance talks. This partnership will focus on mass-market VW and Skoda vehicles. Manufacturing assets and operations will transfer to the new standalone company. JSW aims for majority economic interest and leadership in the joint venture. Both companies target signing an agreement in the coming weeks.

As per the agreement, currently under negotiations, Skoda Auto Volkswagen India's manufacturing plant in Chakan in Maharashtra, employees, vehicle