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EV two-wheeler sales crosses 11 lakh units in FY2027

Posted on October 9, 2026October 9, 2026 by admin

TVS iQube, Bajaj Chetak, and Ather Rizta listed in a podium as the first, second, and third respectively.

India’s electric two-wheeler market is on a roll and how. While January-September 2026 retail sales have already crossed 1.61 million units, e-2-wheeler customer deliveries in April-September 2026 increased 76 percent to 11.2 lakh units (versus 6.40 lakh units same time last year). The rapid pace of demand means that the industry is predicted to end the financial year with 22.6 lakh total sales. September 2026 was also the first time the industry sold 2.07 lakh units (highest yet), which is an 89 percent increase compared to 2025.

Besides the top-three, Bounce and River have improved the most
Ola has held on to fifth place, but lost 9 percent of its market share
September’s high sales numbers will likely be surpassed by the upcoming festive season

Indian e-2-wheeler industry sales: The trend so far

TVS and Bajaj continue to lead, with Vida steadily improving

TVS and Bajaj, which have been the top two brands since Ola moved out of the top spot in April 2025, continue to register handsome gains. In September, both companies registered triple-digit growth, which ensured that they make up a 49 percent share of the record monthly retails. This is the highest monthly sales for Bajaj, beating March 2026 (47,755 units). Ather, in the third position, sold 30,661 units and marked 56 percent YoY growth. March 2026 continues to be Ather’s best month, sales-wise (36,634 units) with the Konarc expected to contribute to that number substantially soon. Vida, backed by Hero, sold its highest ever 24,370 units in September, crossing July’s number (22,996).

Brand-wise performance and market share in H1 FY2027

Besides the top two, River and Bounce improved the most

Electric 2W market leader TVS nearly doubled its first-half retail sales YoY to 2.90 lakh units, giving it a 26 percent market share. For TVS, EVs are now a key growth driver and every fifth scooter the company sells is now a zero-emission model. Bajaj, which sells multiple variants of the Chetak, has retailed 2.53 lakh units in the past six months. The strong performance gives it a current market share of 23 percent. Ather, in third position, has clocked retail sales of 1.79 lakh units in H1 FY2027. Ather crossed the 30,000 mark in three of the past six months, June, July and September. Its H1 FY2027 market share is 16 percent, one percentage less than H1 FY2026. A few days ago, cumulative Ather sales surpassed 8 lakh units, making it the fourth company after Ola, TVS and Bajaj to achieve that milestone.

Fourth-ranked Vida registered retail sales of 1.23 lakh units in first-half FY2027, up 107 percent YoY. Ola remains glued to the fifth rank with an 8 percent market share, considerably down from the 17 percent it had in H1 FY2026. Greaves Electric Mobility (GEM), manufacturer of Ampere e-scooters, has sold 53,733 units, comes in at sixth with a 107 percent YoY growth.

The Bengaluru-based River, which continues to impress month on month, has sold 29,074 units in H1 FY2027. The stellar performance sees River’s market share rise to 3 percent from 1 percent in H1 FY2026. The startup’s highest monthly sales came in July (6,044 units). In eighth place, the Mumbai-based BGauss has sold 26,133 units in H1 FY2027, registering a 107 percent growth compared to H1 FY2026. Bounce ranks ninth with 8,772 units, up 246 percent YoY. Simple, which has been a regular in the monthly top 10 e-2-wheeler sales listing since February 2026, has clocked cumulative six-month sales of 8,668 units, up 181 percent YoY. This momentum comes just as Simple launched its most affordable scooter yet, the Wave, starting at Rs 1.10 lakh.

India’s e-2-wheeler market with 200 players, is the largest contributor to India’s EV sales numbers with a 62 percent share of the total EVs sold in the April-September 2026 period. The market is currently led by TVS, Bajaj, Ather, Vida, Ola and GEM – who account for 88 percent share of the e-2-wheeler sales in H1 FY2027. Given its robust 76 percent growth so far, and the festive season having just begun, one can expect September’s record 2.07 lakh unit sales to be surpassed soon.

With inputs from Stephen Raj Antony.

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September 2026 car retail sales: Mahindra beats Tata to second place

Posted on October 7, 2026October 7, 2026 by admin

According to data released by the Federation of Automobile Dealers Association (FADA), the Indian passenger vehicle market experienced a strong year-on-year (YoY) sales growth of 32.1 percent in September 2026, with a total of 4,27,213 units sold. While the YoY uptick looks very impressive at face value, the reason behind it is a slowdown in demand during September 2025 due to anticipation of imminent price cuts as part of GST 2.0.

Note: Telangana RTO is not included in FADA sales data.

Top 10 best-selling carmakers in September 2026

Carmaker	Sep 2026 sales	MoM change (%)	YoY change (%)	Market share (%)
Maruti Suzuki	1,69,132	+2.38	+30.05	39.59
Mahindra	57,343	+14.13	+38.93	13.42
Tata	57,254	-1.02	+28.66	13.40
Hyundai	50,201	+6.84	+31.46	11.75
Toyota	28,050	+12.85	+21.56	6.57
Kia	26,663	+14.09	+45.91	6.24
Skoda Volkswagen Group	8,479	+13.52	+13.51	1.98
MG	6,475	+11.95	+13.74	1.52
Honda	5,283	+6.34	+42.51	1.24
Renault	3,410	+4.12	+33.10	0.80

1. Maruti Suzuki

1,69,132 units sold, up 30.05 percent YoY

Kicking off the top 10 is market leader Maruti Suzuki, which held on to first place and saw YoY growth in September 2026, although its market share dipped from 40.21 percent in September 2025 to 39.59 percent last month. Still, in terms of overall volume, Maruti Suzuki outsold the next three carmakers combined. The 2.38-percent MoM sales increase is also impressive given the scale of Maruti Suzuki’s volumes. No new Maruti launches are currently known for October 2026, but the carmaker is fresh off the Baleno facelift’s launch.

2. Mahindra

57,343 units sold, up 38.93 percent YoY

Compared to last month’s sales rankings, Mahindra was the only carmaker to experience a change of place on the September 2026 chart. Specifically, Mahindra beat Tata to second place by an ever-so-slight margin of 89 units. If that wasn’t impressive enough, Mahindra also recorded the highest MoM growth among the top 10, and the highest increase in market share – from 12.76 percent last September to 13.42 percent in September 2026. At the moment, Mahindra has not announced any new launches for October, but it did launch the Thar OG (3-door facelift) last month.

3. Tata

57,254 units sold, up 28.66 percent YoY

As mentioned above, Tata slipped from second place in August 2026 to third place in September, though its overall volumes were extremely close to Mahindra’s and YoY sales growth was healthy too. That said, Tata’s market share decreased by a little bit, specifically 13.76 percent in September 2025 to 13.40 percent last month, and it was the only carmaker to witness a MoM sales decline as well. Most recently, Tata launched the Aeris compact sedan, replacing the Tigor.

4. Hyundai

50,201 units sold, up 31.46 percent YoY

Hyundai remained in fourth place in the September 2026 sales rankings, experiencing healthy MoM and YoY upticks. Market share, however, did slide from 11.81 percent in September 2025 to 11.75 percent in September 2026. This month, Hyundai is likely to launch the Bayon midsize SUV, and its impact in the October 2026 sales charts should be interesting to see.

5. Toyota

28,050 units sold, up 21.56 percent YoY

Like last month, Toyota was in fifth place on the September 2026 sales chart. Interestingly, Toyota experienced one of the highest MoM upticks among the carmakers listed here. At the same time, however, the Japanese carmaker’s market share dipped from 7.14 percent in September 2025 to 6.57 percent last month. In October, Toyota is expected to debut the facelifted Glanza, changes for which are likely to mirror those seen in the Maruti Baleno facelift.

6. Kia

26,663 units sold, up 45.91 percent YoY

Thanks to the continued popularity of the second-gen Seltos, Kia recorded the highest YoY sales uptick among the top 10 carmakers in September 2026, while MoM growth was the second-highest – falling just shy of Mahindra. Kia’s market share also grew considerably, from 5.65 percent in September 2025 to 6.24 percent in September 2026. While Kia is fresh off a major launch – the Sorento – the Korean carmaker is likely to announce prices for the Carnival hybrid, though the luxury MPV is not expected to be a major volume driver.

7. Skoda Volkswagen Group

8,479 units sold, up 13.51 percent YoY

Skoda Auto Volkswagen India Private Limited (SAVWIPL) held on to seventh place in September 2026, and even saw a decent 13.52 percent MoM increase in sales. Notably, SAVWIPL’s YoY growth is nearly identical to the MoM one. In terms of market share, SAVWIPL declined from 2.29 percent last September to 1.98 percent in September 2026. As for launches in October, Skoda is fresh off the Slavia facelift’s price reveal, which could rejuvenate some interest in the midsize sedan space.

8. MG

6,475 units sold, up 13.74 percent YoY

Remaining in eighth place, MG experienced relatively moderate levels of MoM and YoY sales growth in September 2026. However, MG’s market share slid from 1.76 percent in September 2025 to 1.52 percent last month. MG launched the Hector Tomahawk EV and PHEV in August, and doesn’t have any new launches lined up for October. That said, deliveries of the Tomahawk PHEV are slated to start from November.

9. Honda

5,283 units sold, up 42.51 percent YoY

In the penultimate position comes Honda, which saw a mild 6.34 percent MoM increase in sales, but a whopping 42.51 YoY surge. The Japanese carmaker’s market share also grew from 1.15 percent in September 2025 to 1.24 percent in September 2026. Honda is fresh off the launch of the Elevate facelift, and is also expected to bring the Prelude coupe to India in the months to come.

10. Renault

3,410 units sold, up 33.10 percent YoY

Rounding out the top 10 is Renault, which recorded the mildest MoM sales increase (4.12 percent) last month. However, its 33.1-percent YoY growth is quite impressive, and can largely be credited to the new Duster, which went on sale in March 2026. Renault’s market share also saw a very slight increase – from 0.79 percent in September 2025 to 0.8 percent in September 2026. Coming to new launches, Renault announced prices for the Triber turbo in late September, and will launch the Duster hybrid in October.

Petrol cars regain sales majority over alternative fuels, albeit slightly

	Sep 2026 share (%)	Aug 2026 share (%)	Sep 2025 share (%)
Petrol/ethanol	41.27	40.85	47.18
Diesel	17.74	17.21	17.76
CNG/LPG	23.11	25.28	22.02
Hybrid	9.44	9.04	7.30
EV	8.45	7.63	5.74

A big talking point in FADA’s August 2026 sales data was alternative-fuel cars (CNG, hybrid, electric) collectively outselling petrol cars for the first time. However, the trend did not continue in September 2026, as the share of petrol cars climbed to 41.27 percent, while alternative-fuel cars stood at a combined 41 percent.

Shares for hybrids and EVs experienced MoM increases in September, but CNG cars saw a downturn on that front. Be that as it may, the difference between petrol and alternative-fuel cars is still very slight, and the buyer shares for the latter are still higher when compared to September 2025’s numbers.

October 2026 will tell the real story for Indian PV market, says FADA

Keeping in mind that September 2026’s YoY growth was driven by a favourable base effect, FADA president Sai Giridhar remarked, “One year on from GST 2.0, affordability remains the single engine of this cycle — and dealers now flag further price increases eroding that very affordability as their foremost risk for the quarter ahead. Protecting the GST gain is, to our mind, the key to converting the festive season into durable growth.”

Over 4,66,800 cars were sold in October 2025 thanks to GST 2.0 and festive demand, making it the best-ever October for the Indian PV market. With several price increases implemented by major carmakers since the introduction of GST 2.0, October 2026 is now shaping up to be the real test of the Indian PV market. It will also be the first month after the one-year anniversary of GST 2.0, thereby providing a clean slate to compare like-for-like YoY growth numbers.

According to FADA, 75.57 percent of dealers expect growth, 19.46 percent anticipate a flat market, and 4.98 percent are bracing for a downturn in sales during October 2026. The overall outlook among dealers is ‘Cautiously Optimistic’.

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September 2026 two-wheeler sales: Hero reclaims top spot

Posted on October 7, 2026October 7, 2026 by admin

The run-up to the festive season drove two-wheeler sales across the board in September 2026, with most major manufacturers posting double-digit year-on-year (YoY) growth. Hero MotoCorp led the industry in volumes, while Honda and TVS also delivered strong performances on the back of surging demand.

Hero: 7,66,348 units

Hero MotoCorp reported total dispatches of 7,66,348 units in September 2026, up 12 percent over the 6,87,220 units recorded in the same month last year. The company’s domestic ICE business contributed 7,10,436 units, with scooters recording particularly strong 60 percent YoY growth. Hero MotoCorp’s electric vehicle arm, Vida, dispatched 28,798 units, representing 83 percent growth.

Honda: 7,06,266 units

Honda Motorcycle and Scooter India (HMSI) clocked 7,06,266 units, a 24 percent jump from the 5,68,164 units sold last September. Domestic sales grew 26 percent to 6,36,768 units, while exports rose 11 percent to 69,498 units.

TVS: 6,45,955 units

TVS Motor Company posted two-wheeler sales of 6,45,955 units, up 23 percent over the 5,23,923 units recorded in September 2025. Domestic two-wheeler sales grew 17 percent to 4,82,073 units, while electric two-wheeler sales more than doubled, rising 110 percent to 65,799 units compared to 31,266 units a year ago.

Bajaj: 4,51,494 units

Bajaj Auto sold 4,51,494 two-wheelers last month, up 5 percent over the 4,30,853 units recorded in the same month last year. Domestic two-wheeler volumes declined 12 percent to 2,39,771 units, but the company offset this with a 34 percent surge in exports to 2,11,723 units.

Royal Enfield: 1,33,958 units

Royal Enfield posted its highest-ever monthly dispatch total of 1,33,958 motorcycles this past month, up 8 percent over the 1,24,328 units recorded in September 2025. Domestic sales grew 7 percent to 1,21,326 units, while exports were up 17 percent to 12,632 units. The milestone month coincided with the launch of the Himalayan 440, which, according to the company, is fully booked for the next six months. Royal Enfield’s electric brand, Flying Flea, also began its European expansion, with the C6 going on sale across five cities – Paris, Barcelona, Rome, Berlin and London.

Suzuki: 1,33,688 units

Suzuki recorded total sales of 1,33,688 units in September 2026, up 8 percent over the 1,23,550 units recorded last year. Domestic sales grew 3 percent to 1,08,806 units, while exports registered a sharper 41 percent increase to 24,882 units.

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RBI Repo Rate Hike : आरबीआई गवर्नर ने कहा, ब्याज दरों में आगे भी कटौती की संभावना नहीं, इसमें अभी और बढ़ोतरी की संभावना

Posted on October 7, 2026October 7, 2026 by admin

RBI Repo Rate Hike : भारतीय रिजर्व बैंक के गवर्नर संजय मल्होत्रा ने बुधवार को कहा कि निकट भविष्य में ब्याज दरों में कटौती की कोई संभावना नहीं है। उन्होंने कहा कि केंद्रीय बैंक का अगला नीतिगत कदम या तो ब्याज दरों में और बढ़ोतरी हो सकता है या फिर दरों को बरकरार रखा जा सकता है। यह बदलाव महंगाई तथा अन्य आर्थिक स्थितियों में होने वाले बदलावों पर निर्भर करेगा।

यह गाइडेंस तब आया है जब मॉनेटरी पॉलिसी कमिटी ने रेपो रेट को 5.25% से 25 बेसिस पॉइंट बढ़ाकर 5.50% कर दिया है और अपनी मॉनेटरी पॉलिसी के रुख को ‘न्यूट्रल’ से बदलकर ‘कैलिब्रेटेड टाइटनिंग’ कर दिया है।

संजय मल्होत्रा ने कहा कि निकट भविष्य में “रेट में कटौती की कोई संभावना नहीं है” और आगे की पॉलिसी में हालात के हिसाब से या तो रेट बढ़ाए जाएंगे या फिर उन्हें जस का तस रखा जाएगा।

अक्टूबर में रेपो रेट में की गई यह बढ़ोतरी फरवरी 2023 के बाद RBI की ओर से रेपो रेट में पहली बढ़ोतरी है। उस समय MPC ने पॉलिसी रेट को 25 बेसिस पॉइंट्स बढ़ाकर 6.50% कर दिया गया था।

रुख में इस बदलाव का समर्थन MPC के छह में से चार सदस्यों ने किया, जबकि दो सदस्यों ने ‘कैलिब्रेटेड टाइटनिंग'(सोच-समझकर सख्ती) की ओर बढ़ने के खिलाफ वोट दिया।

रेपो रेट में बढ़ोतरी के बाद, स्टैंडिंग डिपॉज़िट फैसिलिटी रेट को 5.25% पर एडजस्ट किया गया है, जबकि मार्जिनल स्टैंडिंग फैसिलिटी रेट और बैंक रेट को बढ़ाकर 5.75% कर दिया गया है।

महंगाई बढ़ने का डर रहा हावी

संजय मल्होत्रा ने कहा कि महंगाई का आउटलुक अब वैसा अनुकूल नहीं है जैसा पिछले साल था। कीमतों के दबाव को देखते हुए MPC मॉनेटरी पॉलिसी में बदलाव की जरूरत का आकलन कर रही है।

RBI ने FY27 के लिए कोर महंगाई का अनुमान 4.3% से बढ़ाकर 4.4% कर दिया है। मल्होत्रा ने कहा कि FY27 की अगली तीन तिमाहियों में CPI महंगाई (रिटेल महंगाई) औसतन 5.8% रहने की उम्मीद है।

RBI गवर्नर ने कहा कि मॉनेटरी पॉलिसी को सप्लाई शॉक के ‘सेकंड-राउंड’ असर (यानी सप्लाई में अचानक बदलाव से होने वाले बाद के असर) पर नजर रखनी होगी, भले ही शुरुआती सप्लाई-साइड महंगाई के असर से इन्हें अलग करना मुश्किल हो।

मल्होत्रा ने कहा कि मॉनेटरी पॉलिसी आंशिक रूप से ऐसे ‘सेकंड-राउंड’ असर को रोककर काम करती है, साथ ही उन्होंने यह भी कहा कि ब्याज दरों में बदलाव का असर इकॉनमी तक पहुंचने में समय लगता है।

दरें बढ़ाने का फैसला कच्चे तेल की बढ़ती कीमतों और ग्लोबल फाइनेंशियल मार्केट में फिर से आई अस्थिरता के माहौल में लिया गया है। बैठक से पहले, एनर्जी की बढ़ती लागत, ग्लोबल बॉन्ड यील्ड में बढ़ोतरी और घरेलू स्तर पर बढ़ती महंगाई के दबाव के कारण ब्याज दरें बढ़ने की उम्मीदें मज़बूत हो गई थीं। अगस्त में रिटेल महंगाई दर 4.82% रही, जो लगातार तीसरे महीने RBI के 4% के मीडियम टर्म टारगेट से ज्यादा है।

संजय मल्होत्रा ने आगे कहा कि पश्चिम एशिया में बढ़ते टकराव ने ग्लोबल इकोनॉमिक सेंटीमेंट को कमजोर किया है और फाइनेंशियल मार्केट में उतार-चढ़ाव बढ़ाया है। उन्होंने ग्लोबल ट्रेड को लेकर बनी अनिश्चितता की ओर भी इशारा किया और कहा कि ग्लोबल महंगाई में तेजी से बढ़ोतरी की आशंका है। उन्होंने कहा कि सख्त मॉनेटरी पॉलिसी और जारी संघर्षों से ग्लोबल इकोनॉमी के लिए जोखिम पैदा हो रहे हैं।

RBI Policy : RBI ने वित्त वर्ष 2027 के GDP ग्रोथ का अनुमान 6.7% से बढ़ाकर 7.1% किया, दूसरी और तीसरी तिमाही के अनुमान भी बढ़े

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RBI Policy : RBI ने वित्त वर्ष 2027 के GDP ग्रोथ का अनुमान 6.7% से बढ़ाकर 7.1% किया, दूसरी और तीसरी तिमाही के अनुमान भी बढ़े

Posted on October 7, 2026October 7, 2026 by admin

RBI Policy : RBI गवर्नर संजय मल्होत्रा ने 7 अक्टूबर को घोषणा की कि रिज़र्व बैंक ऑफ़ इंडिया ने वित्त वर्ष 2027 के लिए अपनी वास्तविक GDP ग्रोथ का अनुमान 6.7 प्रतिशत से बढ़ाकर 7.1 प्रतिशत कर दिया है। साथ ही, दूसरी और तीसरी तिमाही के ग्रोथ अनुमान भी बढ़ाए गए हैं। सेंट्रल बैंक ने Q2FY27 के ग्रोथ का अनुमान 6.4 प्रतिशत से बढ़ाकर 7.2 प्रतिशत और Q3FY27 के ग्रोथ अनुमान 6.5 प्रतिशत से बढ़ाकर 6.9 प्रतिशत कर दिया है। उसने Q4FY27 के ग्रोथ अनुमान को 6.8 प्रतिशत पर ही बनाए रखा गया है। हालांकि, Q1FY28 के लिए RBI ने ग्रोथ का अनुमान 7.3 प्रतिशत से घटाकर 7.1 प्रतिशत कर दिया है।

मार्च 2027 में खत्म होने वाले फाइनेंशियल ईयर के लिए पूरे साल का नया अनुमान, पहले के अनुमान से 0.4 प्रतिशत ज़्यादा है। संजय मल्होत्रा ने कहा कि घरेलू आर्थिक ग्रोथ मजबूत स्तर पर है और मॉनेटरी पॉलिसी कमिटी को उम्मीद है कि अर्थव्यवस्था मज़बूत बनी रहेगी। गवर्नर ने कहा कि पहली तिमाही में ग्रोथ की वजह प्राइवेट खपत रही। लोगों की खर्च करने की इच्छा (डिस्क्रीशनरी स्पेंडिंग) से लगातार मिल रहे सपोर्ट के कारण खपत का स्तर काफी हद तक मजबूत बना रहा।

उन्होंने आगे कहा कि हाई-फ़्रीक्वेंसी इंडिकेटर्स से पता चलता है कि दूसरी तिमाही में भी आर्थिक गतिविधि की रफ़्तार बनी रही, हालांकि पहली तिमाही की तुलना में इसमें थोड़ी कमी आई। उन्होंने कहा कि लागत के दबाव के बावजूद मैन्युफैक्चरिंग गतिविधियां बनी रहीं।

भारत की विकास दर के अनुमान में ऐसे समय में बढ़ोतरी हुई है जब ग्लोबल इकोनॉमी कमजोर है। मल्होत्रा ने कहा कि पिछले साल की तुलना में इस साल वैश्विक विकास दर धीमी रहने का अनुमान है।

उन्होंने कहा कि पश्चिम एशिया में संघर्ष के फिर से बढ़ने से ग्लोबल इकोनॉमिक सेंटीमेंट खराब हो गया है। कच्चे तेल की बढ़ती कीमतों ने ग्लोबल फाइनेंशियल मार्केट में अस्थिरता बढ़ा दी है। ट्रेड को लेकर बनी अनिश्चितता के कारण ग्लोबल सेंटीमेंट में घबराहट बनी हुई है और युद्ध तथा सख्त नीतियों से ग्लोबल इकोनॉमी के लिए जोखिम पैदा हो रहे हैं।

बता दें कि आज MPC ने रेपो रेट को 5.25 प्रतिशत से 25 बेसिस पॉइंट बढ़ाकर 5.50 प्रतिशत कर दिया और अपने पॉलिसी रुख को ‘न्यूट्रल’ से बदलकर ‘कैलिब्रेटेड टाइटनिंग’ कर दिया। चार सदस्यों ने इस बदलाव का समर्थन किया, जबकि दो ने इसका विरोध किया।

इस पर संजय मल्होत्रा ने कहा कि महंगाई का आउटलुक पिछले साल के मुकाबले कम अनुकूल है। इसी लिए कमिटी ने पॉलिसी रेट में बदलाव करना ज़रूरी समझा। RBI ने वित्त वर्ष 2027 के लिए कोर महंगाई दर 4.4 प्रतिशत और वित्त वर्ष की बाकी तीन तिमाहियों में कंज्यूमर प्राइस इन्फ्लेशन (खुदरा महंगाई दर) औसतन 5.8 प्रतिशत रहने का अनुमान लगाया है।

RBI MPC Meeting Live: RBI ने 0.25% बढ़ाया रेपो रेट: महंगे होंगे लोन और बढ़ेगी EMI, लेकिन मजबूत FDI और FD ब्याज दरों से मिलेगी राहत

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Potential SUV fatigue may revive sedans: Skoda’s Ashish Gupta

Posted on October 6, 2026October 6, 2026 by admin

Potential SUV fatigue may revive sedans: Skoda's Ashish Gupta

Skoda has announced the prices of the 2026 Slavia facelift, and while speaking to Autocar Professional about the sedan segment, Skoda Auto India brand director Ashish Gupta said, “SUVs are the flavour of the season…but as time progresses and as the Indian market matures, the fatigue will lead to people looking at sedans once again because this is the quintessential car.”

Gupta attributed the current overall market growth to a lot of first-time buyers, who may eventually look at having an additional car in the family. “When you have an additional car in the family, you would typically go for either alternate powertrains or for different body styles,” he added.

Skoda wants to retain its sedan presence

“I’m looking forward to that as customer trends change, and we will start loving sedans once again, other than Skoda sedans as well. I think this category has the potential to grow as well in the future,” remarked Gupta. Skoda therefore wants to retain its presence in the sedan segment as buyer preferences evolve.

Slavia sales averaged around 1,500 to 1,600 units a month last year but have fallen to around 1,000 to 1,100 units this year. Gupta attributed the decline to the company running out the pre-facelift cars. With the facelift now on sale and the festive season underway, he expects sales to return to previous levels.

“The midsize sedan segment in India right now is at around 4,000 to 4,500 units per month, with the Slavia making up nearly 30 percent of all sales in the segment,” Gupta had said earlier. Slavia competes with the Volkswagen Virtus, Hyundai Verna and Honda City. Skoda and its sister brand Volkswagen together account for almost 70 percent of the segment, he had stated.

Limiting factors

“Most of the new product launches and introductions are happening in the SUV segment and other body styles,” Gupta had said earlier. He also said that growth in the sedan segment is being held back by automakers focusing more on SUVs. “We, as manufacturers, should take the responsibility for this, as we have not focused on the sedan segment.”

Skoda India’s sedan portfolio

The Slavia is the entry point to Skoda’s sedan line-up in India, above which sits the fully-imported Octavia RS. The new Superb, due to launch in 2027, will arrive as a full import as well. Skoda, therefore, will have a diversified portfolio to cater to difference audiences – the Slavia in the mass segment, the Octavia RS for the enthusiast and the Superb for the premium buyer.

Asked whether Skoda would continue to invest in the sedan segment beyond 2030, and whether it remains an integral part of its future strategy, Gupta said, “It will always be, and if you look at our global portfolio as well, the Octavia and Superb continue to be bestsellers. For our entire portfolio strategy and going forward as well, sedans do form an integral part and so is the case in India.”

Discussions on the next generation have begun. With limited resources and competing investment demands, Skoda will now be assessing which markets can deliver sufficient customers, volumes and profitability.

ऑटोमोबाइल

Mercedes-Benz CLA Electric gets 1,000-plus orders in India

Posted on October 5, 2026October 5, 2026 by admin

Mercedes-Benz India says the CLA Electric has received more than 1,000 confirmed orders, with deliveries extending into March 2027 due to limited supply. Customers are currently facing waiting periods of up to six months for the electric sedan. The strong demand comes as Mercedes-Benz recorded its highest-ever January-September sales in India, with 15,190 cars retailed in the first nine months of 2026, up 8 percent from the same period last year.

The July-September quarter also set a new sales record, with 5,422 units retailed, a 6 percent increase over Q3 2025. Growth was driven by new launches and demand for long-wheelbase models like the E-Class, GLE, GLS and V-Class. The company also said repeat purchases from existing Mercedes-Benz customers as part of the replacement cycle contributed to demand.

Mercedes-Benz sees strong demand for CLA Electric

The CLA Electric, launched in April this year, has helped drive Mercedes-Benz India’s electric car sales, which grew 16 percent in January-September 2026. Mercedes-Benz expects EVs to account for 20-25 percent of its sales next year if supply improves. The company says supply remains the main constraint on its electric car sales. Managing director and CEO Santosh Iyer said Mercedes-Benz India could have achieved 7-8 percentage points higher EV penetration this year if not for supply-side issues.

The automaker also recorded strong demand at the top end of its range. Sales of the EQS Maybach SUV grew 68 percent year on year in January-September 2026, and the company will begin deliveries of the new electrified S-Class from mid-October. The top-spec MANUFAKTUR version is sold out for the year, while a limited number of Exclusive Line cars remain available for order.

Mercedes-Benz sales rise 6 percent in Q3

The core luxury segment accounted for around 60 percent of Mercedes-Benz India’s sales in January-September, with the C-Class, GLC, GLE and long-wheelbase E-Class making up the bulk of this segment. The entry-luxury segment, comprising the GLA and CLA Electric, accounted for around 15 percent of sales and grew 4 percent during the period.

The company’s top-end portfolio grew 13 percent and accounted for more than 25 percent of sales. Mercedes-AMG sales rose 18 percent during the period. Q3 sales were also 17 percent higher than in the previous quarter.

Diesel share rises to 40 percent

Diesel models now account for 40 percent of Mercedes-Benz India’s sales, up from 38 percent, according to managing director and CEO Santosh Iyer. The increase comes as chief rival BMW has been shifting its model line-up away from diesel and towards electrified powertrains in India.

Mercedes-Benz GLC Electric bookings open

Mercedes-Benz has opened bookings for the GLC Electric in India ahead of the model’s launch on November 4. The SUV will be assembled at the company’s Chakan plant and will initially be offered in the 400 4Matic version, with a 94kWh battery and a claimed WLTP range of 715km.

The GLC Electric will join the CLA Electric, EQS SUV, EQS Maybach SUV and G580 in Mercedes-Benz India’s electric line-up.

Share Market

Stock Market: ‘जीडीपी मजबूत, फिर भी क्यों टूट रहा शेयर बाजार?’ हर्ष गोयनका ने बताईं ये 7 बड़ी वजहें!

Posted on October 5, 2026October 5, 2026 by admin

Indian Stock Market Crash Reasons: भारतीय अर्थव्यवस्था जहां एक तरफ मजबूत जीडीपी ग्रोथ और बेहतरीन फंडामेंटल्स के साथ दुनिया में चमक रही है, वहीं दूसरी ओर घरेलू शेयर बाजार में लगातार बिकवाली और गिरावट का दौर जारी है। निवेशक इस बात से हैरान हैं कि जब देश की इकोनॉमी मजबूत है, तो शेयर बाजार लाल निशान में क्यों कारोबार कर रहा है?

इस बड़े विरोधाभास पर मशहूर उद्योगपति और आरपीजी एंटरप्राइजेज के चेयरमैन हर्ष गोयनका ने सोशल मीडिया प्लेटफॉर्म ‘X’ पर अपनी प्रतिक्रिया दी है। उन्होंने साफ शब्दों में कहा कि भले ही हमारी अर्थव्यवस्था तेजी से बढ़ रही है, लेकिन अफसोस की बात यह है कि ग्लोबल लिक्विडिटी भारत से निकलकर दूसरे बाजारों की ओर बह रही है। गोयनका ने भारतीय शेयर बाजार में आ रही इस गिरावट के पीछे ये 7 प्रमुख कारण गिनाए हैं।

1. विदेशी संस्थागत निवेशकों (FIIs) की ताबड़तोड़ बिकवाली

भारतीय शेयर बाजार से विदेशी निवेशक लगातार अपना पैसा बाहर निकाल रहे हैं। एशियाई और वैश्विक भू-राजनीतिक तनाव और अन्य उभरते बाजारों में बेहतर अवसरों के कारण FIIs भारतीय इक्विटी से लगातार बिकवाली कर रहे हैं, जिससे बाजार पर भारी दबाव बन रहा है।

2. अमेरिकी बॉन्ड यील्ड में बढ़ोतरी

अमेरिका में 10-वर्षीय सरकारी बॉन्ड यील्ड में लगातार इजाफा हो रहा है। जब अमेरिकी बॉन्ड यील्ड बढ़ता है, तो विदेशी निवेशकों के लिए बिना जोखिम के अमेरिका में ही बेहतर रिटर्न मिलने लगता है। इसी वजह से वे भारत जैसे उभरते जोखिम भरे बाजारों से पैसा निकालकर सुरक्षित अमेरिकी बॉन्ड में निवेश करने लगते हैं।

3. क्रूड ऑयल की कीमतें $100 के पार

अंतरराष्ट्रीय बाजार में कच्चे तेल की कीमतें 100 डॉलर प्रति बैरल के स्तर को पार कर चुकी हैं। भारत अपनी जरूरत का 80% से ज्यादा क्रूड ऑयल इंपोर्ट करता है। महंगे तेल से भारत का ट्रेड डेफिसिट बढ़ता है और कॉर्पोरेट मार्जिन पर सीधा असर पड़ता है।

4. भारतीय रुपये में रिकॉर्ड कमजोरी

कच्चे तेल की बढ़ती कीमतों और विदेशी निवेशकों की फंड निकासी के कारण अमेरिकी डॉलर के मुकाबले भारतीय रुपया लगातार कमजोर हो रहा है। रुपये में गिरावट के कारण विदेशी निवेशकों को अपने निवेश पर करेंसी लॉस का डर रहता है, जिससे वे बिकवाली तेज कर देते हैं।

5. इंफ्लेशन और रेट-हाइक का डर

महंगे क्रूड ऑयल और सप्लाई चेन में रुकावटों की वजह से वैश्विक और घरेलू स्तर पर महंगाई दोबारा बढ़ने की आशंका गहरा गई है। इससे केंद्रीय बैंकों (जैसे- अमेरिकी फेडरल रिजर्व और RBI) द्वारा ब्याज दरों में कटौती टलने या दोबारा दरें बढ़ाने का डर बाजार में बैठ गया है।

6. भारतीय शेयरों का वैल्यूएशन अभी भी ऊंचा

दुनिया के अन्य बाजारों की तुलना में भारतीय शेयर बाजार का वैल्यूएशन (P/E रेशियो) अब भी काफी प्रीमियम या महंगा बना हुआ है। जब बाजारों में अनिश्चितता होती है, तो निवेशक महंगे वैल्यूएशन वाले शेयरों से मुनाफा वसूलकर सस्ते बाजारों (जैसे- चीन या ब्राजील) की ओर रुख करते हैं।

7. वैश्विक स्तर पर रिस्क-ऑफ सेंटीमेंट

वैश्विक स्तर पर युद्ध के हालात, भू-राजनीतिक तनाव और बड़े आर्थिक संकटों के चलते ग्लोबल इन्वेस्टर्स जोखिम भरे संपत्तियों से दूर भाग रहे हैं। वे इक्विटी के बजाय सोना, कैश और अमेरिकी बॉन्ड जैसी सुरक्षित जगह पर अपनी पूंजी ट्रांसफर कर रहे हैं।

Indian stocks are down despite strong GDP growth.
Why?
– FIIs pulling out money
– US bond yields rising
– Crude oil above $100
– Rupee weakening
– Inflation and rate-hike fears
– Indian valuations still relatively high
– Global risk aversion
The economy is growing but…
— Harsh Goenka (@hvgoenka) October 5, 2026

Disclaimer: यहां मुहैया जानकारी सिर्फ सूचना के लिए दी जा रही है। यहां बताना जरूरी है कि मार्केट में निवेश बाजार जोखिमों के अधीन है। निवेशक के तौर पर पैसा लगाने से पहले हमेशा एक्सपर्ट से सलाह लें। मनीकंट्रोल की तरफ से किसी को भी पैसा लगाने की यहां कभी भी सलाह नहीं दी जाती है।

ऑटोमोबाइल

September 2026 car sales: 4 out of top 5 carmakers record MoM decline

Posted on October 1, 2026October 1, 2026 by admin

India’s passenger vehicle wholesale volumes remained broadly flat at around 4 lakh units in September 2026. Maruti Suzuki retained the top spot, while Kia and Renault were the only two manufacturers to record month-on-month growth. Tata Motors and Mahindra were separated by just 227 units, with Tata taking second place.

September 2026 retail car sales

September 2026 carmaker-wise sales in India
Carmaker	Sep 2026 sales	Aug 2026 sales	Sep 2025 sales	MoM change	YoY change
Maruti Suzuki	1,68,744	1,76,971	1,32,820	-4.65%	+27.05%
Tata	56,972	65,253	59,667	-12.69%	-4.52%
Mahindra	56,745	59,257	56,233	-4.24%	+0.91%
Hyundai	49,998	54,396	51,547	-8.09%	-3.01%
Kia	32,017	29,042	22,700	+10.24%	+41.04%
Toyota	27,652	28,410	27,089	-2.67%	+2.08%
MG	5,226	7,508	6,728	-30.39%	-22.32%
Renault	3,399	2,842	4,265	+19.60%	-20.30%
Nissan	2,960	3,426	1,652	-13.60%	+79.18%

Maruti Suzuki

Sales: 1,68,744 units, Change: 27.05 YoY

Maruti Suzuki remained India’s largest carmaker in September, with 1,68,744 units, up 27.1 percent from 1,32,820 units in September 2025. Sales however declined 4.7 percent from August, when the company recorded 1,76,971 units. The company launched the Baleno facelift during the month, along with CNG AMT versions of the Swift and, Baleno and Dzire were also introduced.

SUV and MPV sales stood at 78,911 units, while the hatch and sedan segments segments together contributed 91,887 units. The Eeco added 11,040 units during the month.

Tata

Sales: 56,972 units, Change: -4.52 YoY

Tata Motors recorded domestic passenger vehicle sales of 56,972 units in September, down 4.5 percent from 59,667 units in the same month last year. Sales also declined 12.7 percent from August 2026. During the month, Tata launched the Aeris, deliveries of which will commence from October 11. It also launched the Sierra Dark and Sierra Legend Series, while extending its Battery-as-a-Service (BaaS) offering to the Nexon EV, Curvv EV, Sierra EV and Harrier EV.

Mahindra

Sales: 56,745 units, Change: 0.91 YoY

Mahindra recorded 56,745 units in September, down 4.2 percent from 59,257 units in August, while sales were up 0.9 percent from 56,233 units in September 2025. During the month, Mahindra launched the updated Thar OG, deliveries of which are set to begin from October 11. The SUV carmaker also expanded the XUV 3XO range with the RevX Edge variants. The XUV 7XO also received a five-star Bharat NCAP safety rating, scoring 30.76 out of 32 points for adult occupant protection and 44.97 out of 49 points for child occupant protection.

Hyundai

Sales: 49,998 units, Change: -3.01 YoY

Hyundai recorded 49,998 units in September, down 3.0 percent from 51,547 units in the same month last year and 8.1 percent from August. During the month, Hyundai teased the Bayon, which is slated to launch in October, while also introducing Lounge Editions of the Creta, Alcazar and Creta Electric.

Kia

Sales: 32,017 units, Change: 41.04 YoY

Kia was the only manufacturer to record both month-on-month and year-on-year growth in September. It recorded 32,017 units, up 10.2 percent from August and 41 percent from September 2025. During the month, Kia launched the Carens CNG and Carens Clavis CNG, extended automatic powertrain options to lower-spec Carens Clavis variants and launched the Sorento in India.

The Carens and Carens Clavis CNG versions now get a factory-fitted CNG kit, while the new lower-spec Clavis automatic variants get turbo-petrol DCT and diesel automatic powertrains.

Toyota

Sales: 27,652 units, Change: 2.08 YoY

Toyota recorded 27,652 units in September, up 2.1 percent from 27,089 units in the same month last year, while sales declined 2.7 percent from August. Toyota is also set to launch the updated Glanza on October 14. The company remains optimistic about demand during the upcoming festive season, with the Innova Hycross, Urban Cruiser Hyryder and Glanza continuing to drive sales.

MG

Sales: 5,226 units, Change: -22.32 YoY

JSW MG Motor recorded 5,226 units in September, down 22.3 percent from 6,728 units in the same month last year and 30.4 percent from August. During the month, MG introduced Battery-as-a-Service (BaaS) for the Cyberster and M9, reducing their upfront prices while adding a per-kilometre battery rental fee. In August, the company had launched the Hector Tomahawk in EV and PHEV versions, its first models based on the ADAPT platform.

Renault

Sales: 3,399 units, Change: -20.30 YoY

Renault was one of only two manufacturers to record month-on-month growth in September. It recorded 3,399 units, up 19.6 percent from August, but down 20.3 percent from September 2025. During the month, Renault launched the Triber Turbo at Rs 7.84 lakh, while its Duster hybrid is set to launch next month on October 17.

Nissan

Sales: 2,960 units, Change: 79.18 YoY

Nissan recorded 3,300 domestic wholesale units in September, up 99.8 percent from 1,652 units in September 2025, but down 3.7 percent from August. During the month, Nissan was also seen testing its upcoming seven-seater SUV based on the Tekton.

ऑटोमोबाइल

Ather crosses 8 lakh sales milestone even before Konarc picks pace

Posted on September 30, 2026September 30, 2026 by admin

Ather has become the fourth Indian electric two-wheeler manufacturer to attain cumulative retail sales (customer deliveries) of over 8 lakh units. As per the data available on the Vahan portal, the Bengaluru-based company crossed the milestone on September 28, 2026.

Ather has delivered 4.75 lakh scooters since January 2025
217 units of the Konarc sold in its first month
Rizta currently leads Ather’s sales, but Konarc is expected to eat into it

Ather is the fourth Indian e2W maker to cross 8 lakh units in sales

59 percent of its sales came since 2025

Other EV manufacturers to sell over 8 lakh scooters are Ola, TVS and Bajaj via Chetak. While Ola crossed 10 lakh sales in March this year, TVS raced past Ola in August to become India’s second EV manufacturer to sell 10 lakh scooters. Bajaj crossed the 8 lakh sales milestone in June. Except Ola, the other three manufacturers mentioned above have maintained a steady pace of growth so far.

As the retail statistics reveal, Ather’s growth has taken off in the past four years, with sales accelerating since 2025. Between January 2025 and September 28, 2026, Ather delivered 4.75 lakh scooters, which means that 59 percent of the brand’s total sales have come in the past 21 months, led by its flagship, the Rizta family e-scooter. The company launched Konarc on August 29.
Graph showing Ather's retail sales data from 2018 to September 2026

In 2023, when Ather’s retail sales crossed the 1 lakh mark, its market share jumped to 12 percent. In 2024, it clocked 1.36 lakh units and an 11 percent market share. Ather achieved its highest-ever monthly sales in March this year with 36,633 units. It also crossed the 30,000-unit sales mark four times in the past year (since October 2025).

In August, Ather dispatched 29,694 e-scooters to its dealers across India. This marked the third-highest monthly wholesales for the company after June and July, respectively. While the Rizta accounted for 76 percent of those sales and the 450 series 23 percent, the new Konarc sold 217 units in its first month.

The Konarc strategically targets the mainstream mass-market scooters like the TVS iQube, Orbiter, Bajaj Chetak, Hero Vida VX2, Simple Wave and the new Ola S1 Z. It will likely take some sales away from the Rizta. However, Ather appears to be fine with that since the Konarc gives it a higher margin than the Rizta, as per chief business officer Ravneet Phokela. Rather than competing with existing e-scooters, Ather will try to convince more ICE scooter owners to buy the Konarc instead, Phokela had added. With its momentum, Ather could end the year with total sales of 3.5 lakh units.

With inputs from Stephen Raj Antony