Towards this goal, precision manufacturing firm Sona SPEEDS signed a memorandum of understanding (MoU) with Bengaluru-based Sarla Aviation.

Sarla Aviation develops India’s best electric vertical take-off and landing (eVTOL) aircraft.

Union Steel and Heavy Industries Minister HD Kumaraswamy visited the Sarla Aviation booth and showed keen interest in the prototype of the flying taxi and called it historic.

Sona SPEEDS Motors has been a part of several space missions of ISRO. This agreement establishes Sona SPEEDS as a key partner in revolutionizing urban air mobility in the country.

Choko Valliappa, CEO, Sona SPEED, said, “This partnership is a significant step in Sona SPEED’s evolution as a hub of aerospace innovation. Together, we aim to shape a cleaner, faster and more efficient future for urban transportation.”

Under the MoU, Sona SPEED will use its state-of-the-art facility in Karnataka to design and manufacture critical components such as motors and landing gear for Sarla Aviation’s eVTOL aircraft.

Rakesh Gaonkar, CEO, Sarla Aviation, said, “Sona SPEED’s expertise in engineering perfectly complements our vision for electric flying taxis. This collaboration strengthens our mission to redefine urban mobility with cutting-edge eVTOL technology.”

This development highlights India’s growing aspiration in sustainable urban air mobility and demonstrates the importance of synergy in driving innovation.

Focused on developing eVTOL aircraft, Sarla Aviation aims to transform urban mobility with faster, cleaner and more efficient transportation solutions.

The company plans to begin test flights and develop additional prototypes, which will be launched in the market by 2028.

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At the 2^nd Edition of Bharat Mobility Global Expo Maruti Suzuki has launched its first-ever electric SUV, the e VITARA. The e VITARA is equipped with cutting-edge features like Level 2 ADAS, next-gen connectivity with Suzuki Connect.

Suzuki Motorcycle India has also unveiled three innovative products including the e-ACCESS, Suzuki’s first electric scooter; the all-new Access 125, and the GIXXER SF 250 Flex Fuel, India’s first E85-compliant sports bike promoting ethanol-based mobility.

Hero MotoCorp unveiled a series of new vehicles and initiatives, marking its entry into the 250cc motorcycle segment with the Xtreme 250R and enhancing its adventure lineup with the Xpulse 210. In the scooter category, the company introduced the Xoom 125 and Xoom 160. Additionally, Hero showcased its first flex-fuel motorcycle, the ethanol-based Hero HF Deluxe, and presented the VIDA V2 e-scooter.

BMW India unveiled the BMW X1 Long Wheelbase All Electric at Auto Expo 2025, marking its first locally produced EV. Priced at ₹49 lakh, the SUV is powered by the eDrive20L drivetrain with 204 hp, 250 Nm torque, and a 531 km MIDC range.

Mercedes-Benz at the Global Expo launched its exquisite luxury BEV the EQS Maybach SUV 680 ‘Night Series’ priced at INR 2.63 Cr along with Maybach GLS 600 at INR 3.71 Cr.

Hyundai Motor India launched the much-anticipated Hyundai CRETA Electric at the Bharat Mobility Global Expo 2025, starting at an introductory price of ₹17.99 lakh.

At the Expo, MG Motors expands its NEV Portfolio with MG Cyberster and MG M9. Introduced under the newly launched luxury brand channel MG Select, these models exemplify the company’s vision of intelligent, sustainable, and customer-centric mobility.

Tata Motors has launched the All-New Tata Sierra at the Bharat Mobility Global Expo 2025. This modern iteration of the legendary vehicle combines timeless design with cutting-edge technology, embodying the perfect balance of style, functionality, and sustainability.

VE Commercial Vehicles unveiled the Eicher Pro X Range marking its entry into the 2-3.5T Small Commercial Vehicle (SCV) segment. This electric-first range, co-created with logistics leaders, redefines mid and last-mile logistics.

Kia India unveiled the new Kia EV6 at the Bharat Mobility Global Expo 2025. Equipped with the advanced ADAS 2.0 package featuring 27 cutting-edge safety and driver-assistance features.

Greaves Cotton Limited introduced premium variants of the Ampere Nexus, including the Race and Executive editions. The company also unveiled the ‘Xyber’ e-motorcycle, offering a certified range of up to 200 km per charge with fast-charging capability.

Porsche India unveiled two groundbreaking Battery Electric Vehicles (BEVs), the all-new Macan SUV and the updated Taycan sports saloon, showcasing the brand’s commitment to sustainability and innovation. The Macan BEV, available in three variants—Macan (₹1.21 Cr), Macan 4S (₹1.39 Cr), and Macan Turbo (₹1.69 Cr).

Škoda Auto India showcases a striking lineup of eight ICE and EV models from India and global portfolio. Products showcased were Škoda Kylaq, Škoda Kylaq (Accessorised), Škoda Kushaq Monte Carlo, All-new Škoda Kodiaq, All-new Škoda Superb, Facelifted Škoda Octavia vRS, Škoda Elroq, and the Škoda Vision 7S.

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Built on an all-new electric vehicle (EV) platform called ‘HEARTECT-E’, the electric vehicle is offered in two battery options 49 kWh and 61 kWh and covers a distance of over 500 km on a single charge, the company said in a statement.

Affirming its dedication to establish the country as a global hub of EV manufacturing, the company said the e-Vitara will be exported to over 100 countries, including key markets like Japan and Europe.

The price of the electric SUV, available in 10 colours with four dual-tone options, will be revealed later.

Toshihiro Suzuki, Representative Director and President of Suzuki Motor Corporation, said, “The leading automaker aims to make BEVs attractive to customers through a three-pronged strategy. The first is to develop BEV-dedicated platforms for optimum performance. The second is to develop the right products for the target markets based on customer requirements. The third is to take advantage of our global economies and concentrate manufacturing in one location for the world.” He said, “For this purpose, we have chosen India as the global manufacturing base because of our quality products and ability to scale. This is the Make in India vision of Prime Minister Narendra Modi.

The electric SUV is offered with an integrated display system, along with a twin-deck floating console and a 10-way power-adjustable driver seat, sliding and reclining rear seats and an advanced technology for safety.

According to Maruti Suzuki Managing Director and CEO Hisashi Takeuchi, the car has seven airbags (including driver side airbag) as standard and 60 features along with Level 2 Advanced Driver Assistance System. The e Vitara comes with highly-efficient battery pack options, which covers a distance of more than 500 km in 61 kWh on a single charge.

He said, “We have equipped the e Vitara with many premium and advanced features like Level 2 ADAS, integrated digital display and next-gen Suzuki Connect “The automaker is setting up 1,500 EV-enabled service workshops spread across over a thousand cities.

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Kumaraswamy said that he will inaugurate ‘India Mobility Global Expo 2025’. Where new vehicle models of many companies will be introduced. PM Modi himself is excited to see them.

He said, “PM Modi is going to inaugurate the mobility program. This is not just an inauguration, but I think he wants to personally see the vehicle models of the companies. This vehicle exhibition is in line with Prime Minister Modi’s vision of reducing carbon emissions in the country. We are encouraging the manufacturer to further promote electric cars.”

HD Kumaraswamy said that the demo of Mahindra’s vehicle has been shown, which is really very impressive. Their model is very good. In my experience, a new era of Make in India programme has begun, which was a dream of our Prime Minister Modi. I think we have finally succeeded now.

The ‘Bharat Mobility Global Expo’ will be held from January 17 to 22 at three different venues – Bharat Mandapam and Yashobhoomi in Delhi and India Expo Centre & Mart in Greater Noida, with more than nine shows and over 20 conferences.

The expo will also have state sessions to showcase policies and initiatives in the mobility sector, to enhance cooperation between the industry and the states, the Prime Minister’s Office (PMO) said in a statement.

This year the event will have a special emphasis on global importance, with exhibitors and visitors from across the world participating.

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The expo will be held from January 17 to 22 at three different locations, Bharat Mandapam and Yashobhoomi in Delhi and India Expo Center and Mart in Greater Noida, in which more than nine shows, more than 20 conferences will be organized.

The Prime Minister’s Office (PMO) said in a statement that apart from this, state sessions will also be organized in the expo to showcase policies and initiatives in the mobility sector, so that cooperation between the industry and the states can also be increased.

This year the event will have a special emphasis on global importance, in which exhibitors and visitors from all over the world will participate.

This expo is an industry-led and government-backed initiative, which is being coordinated by the Engineering Export Promotion Council of India (EEPC) in collaboration with various industry bodies and partner organizations.

According to the Society of Indian Automobile Manufacturers (SIAM), the wholesale sales of India’s automobile industry grew 11.6 percent year-on-year to 25 million units in 2024.

With these figures, India was the third largest car market in the world last year.

The two-wheeler segment has led the growth in 2024. The two-wheeler segment has grown by 14.5 percent last year as compared to 2023 and 19.5 million units have been sold.

Apart from this, the passenger vehicles and three-wheeler segments have also recorded the highest ever sales last year.

The passenger vehicles segment grew by 4.2 percent in 2024 as compared to the previous year and sales stood at around 43 lakh units. Three-wheelers grew by 6.8 percent in 2024 as compared to the previous year and sales stood at 7.3 lakh units.

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Sales of passenger vehicles, including cars and SUVs, also rose to their highest monthly level of 3.93 lakh units in October, showing a growth of 0.9 per cent from the high base figure of 3.9 lakh units in October 2023.

SIAM Director General Rajesh Menon said, “October 2024 had two major festivals, Dussehra and Diwali, both falling in the same month, which led to high consumer demand. This gave a significant boost to the performance of the auto industry.”

Passenger vehicles (PVs) recorded their highest ever sales of 3.93 lakh units in October 2024, up 0.9 per cent on the high base of last October.

This high growth was also reflected in the ‘Vahan’ vehicle registration data, which saw registrations of both passenger vehicles and two-wheelers increase by over 30 per cent in October 2024 compared to October 2023.

According to Menon, however, three-wheeler sales declined marginally by 0.7 per cent as compared to October last year. This sale stood at 0.77 lakh units in October 2024. Registrations grew by 11 per cent compared to last October.

Market analysts believe that the increase in two-wheeler sales can be attributed to the rise in rural incomes as crop yields improved due to normal monsoon this year, resulting in increased income in the agricultural sector.

The increase in the minimum support price of various crops by the government has also increased the income of farmers, which has led to more expenditure on consumer goods by rural households.

This was also seen in India’s fast moving consumer goods (FMCG) sector, where consumption in rural areas has grown faster than in urban areas.

According to the NielsenIQ survey, FMCG goods sales grew 5.7 per cent in value and 4.1 per cent in volume in the July-September quarter this year, led by rural demand for the third consecutive quarter. Not only this, it grew faster than urban markets.

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Earlier, the Rs 21,000 crore IPO of Life Insurance Corporation of India (LIC) in 2022 was the largest IPO in the country. According to the information given by the company, the IPO will be open for retail investors from October 15 to October 17. Its price band has been fixed from Rs 1,865 to Rs 1,960 per share.

One lot of Hyundai Motor India will have seven shares. This entire IPO will be an Offer for Sale (OFS). Meaning, all the money raised through this IPO will go to the investors or promoters of the company.

Hyundai Motor India is the second largest car company in the country after Maruti Suzuki India. The company’s market share was 24 percent in June 2024. In the last financial year, the company sold 7.77 lakh vehicles, out of which 21 percent were exported to countries like Africa, Middle East, Europe and Latin America.

The company has 1,377 sales outlets and 1,561 service outlets in the country. Hyundai Motor India’s income in the financial year 2023-24 was Rs 69,829 crore. During this period, the company had a profit of Rs 6,060 crore and the company’s margin was 13.1 percent.

In the first quarter of FY 2024-25, the company’s income was Rs 17,344 crore. During this period, the company had a profit of Rs 1,489 crore and the margin was 13.5 percent.

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Both Korean auto companies sold 91,348 electric vehicles from January to September. During this period, EV sales have registered a jump of 30.3 percent compared to the same period last year.

According to a report by South Korean news agency Yonhap, Hyundai’s EV sales grew 4.5 percent year-on-year to 48,297 units. During this period, Kia’s EV sales have jumped 80.3 percent to 43,051 units.

Market experts believe that by the end of this month, the sales figure of both the companies can cross 1,00,000 units. At the same time, this figure is expected to be 1,20,000 units by the end of 2024.

A few days ago, Hyundai Motors India announced that they are planning to expand their EV portfolio in the premium segment along with the normal. The company may launch the EV version of its popular SUV Creta in the fourth quarter of the current financial year. Apart from this, there is a plan to launch four new EV cars in the next few years.

Hyundai Motor India is going to bring its IPO on October 15 to raise Rs 27,870 crore.

Hyundai Motor India Managing Director Unsoo Kim said in a road show ahead of the company’s initial public offering (IPO), “India’s EV market is still in the early stages of development. We expect strong growth in India’s EV segment by 2030.”

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The tech billionaire unveiled the prototype of the EV company’s fully driverless vehicle during the Robotaxi event. It has been named ‘We, Robot’ in the US. Along with this, future vehicles were also showcased, including an electric van.

The Cybercab is a vehicle that does not come with a steering wheel and pedals. It is designed for the purpose of autonomous vehicle. The doors of this vehicle open upwards like the wings of butterflies. This special vehicle has a small cabin and there is enough space for two people inside.

It looks similar to Cybertruck. This vehicle does not have the facility of a plug-in charger, instead inductive charging is provided. According to the owner of Tesla, it works like wireless charging.

Musk says that this new car is 10-20 times safer than the old existing cars.

The company also demonstrated a new “Robovan” transport vehicle, which can be configured as a “mass transit” or cargo carrier.

With the production of Cybercab by the year 2026, Tesla aims to start fully automated driving in Texas and California by next year.

Tesla is also developing the Optimus robot, which can be available for $ 20,000-30,000 and is capable of performing various tasks. Musk said, “This is a big deal. It will save a lot of lives and prevent injuries.”

“Think about how much time people spend in their cars and how much time they get back that they can spend reading their books, watching movies, working or doing other things,” Musk told attendees at the event held at Warner Bros Studios.

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The Office of the Principal Scientific Adviser to the Government met a delegation from the European Union, highlighting India and the EU’s shared commitment to innovation, sustainability and transformation of the economy.

It included representatives of startups in the field of battery recycling technologies from EU Member States, officials of the EU Delegation to India and members of select Indian startups.

Professor Ajay Kumar Sood, Principal Scientific Adviser to the Government, said the collaboration “creates new opportunities for technology transfer, market access and co-development. This is essential to promote economic resilience and sustainable growth.”

The meeting was held under the India-EU Trade and Technology Council (TTC) Working Group 2 (WG2) in the national capital.

Dr Iva Suvara, Deputy Head of the EU Delegation to India said through the support of the Trade and Technology Council “we are able to support EU and Indian startups to unite, be leaders in innovation, foster business collaboration and bring cutting-edge technologies to market.”

The meeting focused on the progress made in promoting collaboration between Indian and European startups in the critical area of ​​EV battery recycling technologies.

The participating startups from India included BatX Energies, Evergreen Lithium Recycling, LW3 Pvt Ltd and Lohum, while the EU startups included Ecomet Refining and Eneris.

The India-EU TTC was announced by European Commission President Ursula von der Leyen and Prime Minister Narendra Modi in April 2022. It was established in February 2023. This mechanism enables both sides to address challenges in the areas of trade, reliable technology and security.

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