Auto Sector

Renault is gearing up to introduce the facelifted version of its compact SUV, the Kiger, on August 24, aiming squarely at rivals such as the Maruti Suzuki Fronx in India’s highly competitive sub-4-metre SUV segment. The upcoming model, recently teased by the company, is expected to feature updated design elements, refreshed interiors, and possibly enhanced features to strengthen its market appeal.

Toshiba Transmission & Distribution Systems (India) Pvt. Ltd. (TTDI) has inaugurated the expansion of its manufacturing facility in Telangana, a move aimed at meeting the growing domestic and international demand for advanced power transmission and distribution equipment. The upgraded plant will significantly enhance production capacity for transformers, switchgears, and other critical components, supporting India’s push toward renewable energy integration and grid modernization.

The Hinduja Group, one of India’s most prominent diversified conglomerates, has unveiled plans to invest in the Philippines, signaling its intent to strengthen its footprint in Southeast Asia. The move reflects the group’s broader strategy to tap into emerging markets with high growth potential, leveraging its expertise in sectors ranging from automotive and energy to financial services and infrastructure. This planned investment aligns with the Philippines’ ongoing economic development initiatives, offering opportunities for collaboration in key industries.

Honda Cars India has introduced significant festive season discounts on several of its popular models, including the Elevate SUV, City sedan, and Amaze. With benefits reaching up to Rs. 1.22 lakh, the automaker aims to stimulate sales momentum during a crucial quarter. The incentives span across cash discounts, exchange bonuses, corporate benefits, and loyalty rewards. The offer is valid for a limited period in August, tailored to capitalize on rising consumer interest ahead of the festive months.

Sona BLW Precision Forgings Ltd., a prominent player in India’s automotive components sector, reported a 14% year-on-year decline in its consolidated net profit for the first quarter of FY26. The dip, attributed primarily to higher input costs and subdued overseas demand, underscores the challenges facing auto ancillary manufacturers in a fluctuating macroeconomic environment. Despite the earnings contraction, the company posted modest revenue growth and maintained a stable EBITDA margin, indicating resilience in its core operations.

Tata Motors, India’s leading automobile manufacturer, has been awarded a significant contract to supply electric buses to the Tamil Nadu State Transport Corporation. This development underscores the government’s ongoing commitment to sustainable public transport infrastructure and highlights Tata Motors’ growing dominance in the electric mobility space. With this order, the company strengthens its footprint in southern India and aligns itself with the broader national goal of reducing carbon emissions through clean energy-driven mass transit systems.

Kia India recorded an 8% year-on-year growth in vehicle sales for July 2025, signaling continued consumer interest in the automaker’s SUV-heavy portfolio. The company sold a total of 24,298 units during the month, up from 22,022 units in July 2024. The Seltos, Sonet, and Carens remained top contributors to monthly volumes, reaffirming Kia’s strong positioning in India’s competitive passenger vehicle market. Executives pointed to sustained demand across urban and semi-urban centers, along with enhanced production efficiency, as key enablers of this performance.

Hyundai Motor India Ltd. reported a 7% year-on-year decline in total sales for July 2025, reflecting a dip in both domestic deliveries and export volumes. The company sold a combined 60,701 units during the month, compared to 65,801 units in July 2024. Domestic sales accounted for 50,701 units, down 5%, while exports fell nearly 14% to 10,000 units. While the year-on-year decline signals moderation following an aggressive growth phase, company executives remain optimistic, citing evolving demand patterns, product launches, and upcoming festive momentum as potential growth catalysts.

Eicher Motors reported a 9% year-on-year growth in consolidated net profit for the first quarter of FY25, reaching Rs. 1,205 crore, supported by robust performance from its flagship brand Royal Enfield. Total revenue for the quarter grew to Rs. 4,256 crore, reflecting consistent demand across domestic and international markets. Healthy volume growth, improved product mix, and cost efficiency contributed to stable operating margins.

TVS Motor Company has introduced the NTorq 125 Super Soldier Edition, a limited-edition scooter that brings a military-inspired design to one of India’s most popular 125cc two-wheelers. This special variant maintains the NTorq’s renowned engine performance and smart connectivity features while introducing a bold, combat-themed aesthetic. Aimed squarely at younger, style-conscious riders with a patriotic inclination, the new edition enhances visual appeal without compromising on functionality or performance.