Auto Sector

Hero MotoCorp reported a steady expansion in March 2026, with vehicle dispatches rising 8.84 per cent year-on-year to 598,198 units, reflecting consistent operational execution and improving market demand. Retail activity outpaced wholesale growth, with registrations reaching 542,436 units—an increase of around 24 per cent—indicating robust end-consumer traction. The performance was largely driven by the 100–125cc motorcycle category, complemented by strong double-digit growth in scooters.

Maruti Suzuki India reinforced its market leadership with a robust 16.72 percent year-on-year increase in total vehicle sales, reaching 2,25,251 units in March 2026. The growth reflects resilient consumer demand, improved supply chain stability, and sustained momentum in the passenger vehicle segment. Domestic sales expanded by over 10 percent, highlighting steady recovery in urban and rural markets alike. While entry-level models maintained stable volumes, broader portfolio strength supported overall performance.

Toyota Kirloskar Motor delivered a strong performance in March 2026, reporting a 24% year-on-year increase in total vehicle sales, driven by resilient domestic demand and expanding export volumes. The company sold 37,194 units during the month, reflecting sustained consumer confidence and improved supply chain efficiencies. For the full financial year 2025-26, total sales rose 20% to 406,081 units, underscoring consistent growth momentum.

Euler Motors has raised Rs 437.5 crore in a fresh equity funding round, signaling strong investor confidence in India’s rapidly evolving electric commercial vehicle segment. The round, led by Lightrock and supported by existing investors, comes alongside an additional Rs 250 crore in debt financing. The capital infusion positions the company to transition from early-stage scaling to a more structured growth phase, focusing on operational depth, product innovation, and market expansion.

Euler Motors has raised Rs 437.5 crore in a fresh equity funding round, signaling strong investor confidence in India’s rapidly evolving electric commercial vehicle segment. The round, led by Lightrock and supported by existing investors, comes alongside an additional Rs 250 crore in debt financing. The capital infusion positions the company to transition from early-stage scaling to a more structured growth phase, focusing on operational depth, product innovation, and market expansion.

The Government of India has unveiled an ambitious plan to deploy 45,000 electric buses across urban centers, reinforcing its commitment to sustainable mobility and pollution reduction. Under the PM e-Bus Sewa Scheme, 10,000 air-conditioned e-buses will be introduced in 116 cities by 2027, followed by a new initiative targeting an additional 35,000 buses. 

Lexus India has marked its entry into the luxury electric vehicle segment with the launch of the ES500e, priced at Rs 89.99 lakh (ex-showroom). The premium sedan offers an estimated driving range of 580 km on a single charge, positioning it as a competitive offering in India’s evolving EV landscape. 

Tata Motors Passenger Vehicles Ltd has announced a price increase of 0.5 percent across its internal combustion engine (ICE) vehicle portfolio, effective April 1, 2026. The decision comes in response to mounting input cost pressures, including raw materials and operational expenses. 

BMW Group India has announced a price increase of up to 2 percent across its vehicle portfolio, effective April 1, as it seeks to mitigate rising input and logistics costs alongside currency depreciation. The adjustment will apply to both BMW and MINI models, reflecting broader pressures faced by the luxury automotive segment. Despite strong demand and a robust product lineup, the company is aligning pricing with macroeconomic realities.

Tata Motors has announced a price increase of up to 1.5 percent across its commercial vehicle portfolio, effective April 1. The adjustment reflects rising commodity prices and escalating input costs affecting the automotive manufacturing sector. The extent of the increase will vary depending on model and variant. The move highlights the broader cost pressures facing automakers amid fluctuating raw material prices and supply chain challenges.