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India Used-Car Market To Hit $70 Bn By FY31: Redseer Report

India Used-Car Market To Hit $70 Bn By FY31: Redseer Report

autherDarshan Nakhwa     calendar15 May 2026

The report says India’s used-car market could reach 9-10 million units by FY31, expanding at 8-11% CAGR by volume, and making India third largest globally.

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Neolite ZKW Lightings Receives SEBI Approval for Rs 600 Crore IPO
Neolite ZKW Lightings Receives SEBI Approval for Rs 600 Crore IPO

autherArunima Pal calendar15 May 2026

The company plans to utilise proceeds from the fresh issue towards expansion and debt reduction.

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MHI Extends Bid Submission Deadline for Rare Earth Magnet Manufacturing Scheme
MHI Extends Bid Submission Deadline for Rare Earth Magnet Manufacturing Scheme

autherArunima Pal calendar15 May 2026

According to a statement issued by the ministry on Friday, the bid due date has been extended to June 29, 2026, from t...

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Hyundai Widens Academic Partnerships for Domestic Electric Vehicle Development
Hyundai Widens Academic Partnerships for Domestic Electric Vehicle Development

autherDev Vadchhedia calendar15 May 2026

The automotive manufacturer will collaborate with 7 colleges on 39 joint projects.

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Ola Electric Board Approves Rs 2,000 Crore Capital Infusion for EV and Battery Subsidiaries
Ola Electric Board Approves Rs 2,000 Crore Capital Infusion for EV and Battery Subsidiaries

autherDev Vadchhedia calendar15 May 2026

The mobility company will execute the cash investments through compulsory convertible preference shares to fund operat...

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Daimler India Navigates Slower Growth and Lower Profitability in FY25
Daimler India Navigates Slower Growth and Lower Profitability in FY25

autherShahkar Abidi calendar15 May 2026

The commercial vehicle maker reported a marginal increase in units sold in the country.

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Emerson Expands NI Nigel AI Across Test Software Portfolio
Emerson Expands NI Nigel AI Across Test Software Portfolio

By Eshisha Java calendar15 May 2026

The company said the expanded AI capabilities will support prompt-based code generation and cross-platform intelligenc...

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Kalyani Powertrain, APSRTC Retrofit Diesel Bus Into Electric AC Coach
Kalyani Powertrain, APSRTC Retrofit Diesel Bus Into Electric AC Coach

autherAutocar Professional Bureau calendar15 May 2026

The retrofitted electric “Super Luxury” AC bus offers a claimed range of over 230 km and will undergo operational tria...

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JLR India Posts 14% Revenue Growth in FY26 Despite Flat Volumes and Cyber Disruption
JLR India Posts 14% Revenue Growth in FY26 Despite Flat Volumes and Cyber Disruption

autherAngitha Suresh calendar15 May 2026

The luxury automaker recorded higher earnings on the back of a richer product mix, even as overall retail sales slippe...

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Petrol and Diesel Prices Increase by Rs 3/Litre; CNG Prices Up by Rs 2
Petrol and Diesel Prices Increase by Rs 3/Litre; CNG Prices Up by Rs 2

autherKiran Murali calendar15 May 2026

A litre of petrol in Delhi now costs Rs 97.77, while diesel is priced at Rs 90.67 per litre.

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POLL OF THE MONTH

Has the US-Iran war given a structural boost to EV adoption in India?

Has the US-Iran war given a structural boost to EV adoption in India?

Yes

 

53.85%

No

 

46.15%

Total Votes : 13