Electric car sales jumped 79% YoY in May to 26,319 units, with Tata Motors at 38.9% share and Mahindra at 23.3%. JSW MG slid to 18.8% from 31.2% while Hyundai held just 1.7%. Vietnam's VinFast debuted at 4.7% share with 2,512 units, signalling intensifying competition in the premium EV segment.

ET Small Business · 6/1/2026, 6:48:11 PM

India's electric four-wheeler market hit 25,509 registrations in May 2026, up 82% YoY and 14% MoM, as a Rs 7.50/litre fuel hike and fresh launches accelerated EV adoption. Tata leads with 39.18% share (9,995 units), followed by Mahindra at 22.52% and MG at 19.23%. Maruti and VinFast trail at 6.18% and 3.62%.

BL · Consumer & Economy · 6/1/2026, 8:33:09 AM

China's SAIC will cut its stake in the Indian JV from 49% to 39% as JSW Group rises to 45%, valuing the venture at $1.2B. SAIC plans to reinvest ~6B rupees into new EV and hybrid launches, with $418M earmarked to lift capacity toward 300,000 units amid India's curbs on Chinese capital.

CNBC-TV18 · Companies · 5/30/2026, 4:06:27 AM

India's largest carmaker will raise prices across its model range by up to ₹30,000 effective June 2026, citing sustained input cost inflation. The move follows similar hikes by Mahindra, Tata, MG, Kia and Hyundai, alongside luxury OEMs BMW and Mercedes-Benz, signalling broad-based pass-through to consumers.

The Hindu BusinessLine · 5/21/2026, 2:41:41 PM