If you’re planning to buy a car in 2026, this news could directly affect your wallet. Toyota Official Site has reported a major drop in profits, warning that global tensions and rising costs could impact pricing, supply, and availability. The company expects profits to fall nearly 20%, with billions lost due to disruptions in the Middle East and supply chain issues. But what does this mean for you? Higher production costs often lead to price hikes, longer waiting periods, and fewer discounts. Even though demand for hybrid cars is rising, it may not be enough to keep prices stable. In this video, we break down whether you should buy now or wait, how this could affect car prices in India, and what smart buyers should do next.
Uber shares surged over 8% after the company projected second-quarter bookings of nearly $58 billion, beating Wall Street expectations. The strong forecast comes despite geopolitical headwinds from the Iran conflict, which impacted growth in the Middle East. Uber continues to see solid demand for its ride-hailing and delivery services, with analysts highlighting resilience in U.S. suburban markets and international regions. The company is also expanding aggressively in countries like Australia and newer markets such as Denmark. A key growth driver is Uber’s strategy to integrate robotaxis through partnerships with over 20 companies, rather than building autonomous technology in-house. Additionally, the adoption of artificial intelligence tools is improving operational efficiency and slowing hiring needs. Watch to understand what’s driving Uber’s growth and what it means for investors.
Business Today speaks with Madhumita Agrawal, CEO and Founder of Oben Electric, to discuss the highly anticipated launch of the Oben Rorr Evo. Madhumita breaks down the core design philosophy behind the new electric motorcycle and details exactly who this performance-oriented commuter is built for. She also dives into the proprietary battery technology and advanced powertrain innovations that make the Rorr Evo a standout in the growing urban EV space. As part of the launch strategy, the Oben Rorr Evo is priced at an introductory Rs 99,999 for the first 10,000 customers, before transitioning to its standard price of Rs 1,24,999. In this conversation, Madhumita shares how the company balances cutting-edge EV technology with accessibility for the modern Indian commuter.
With plants running at 100% capacity, R. C. Bhargava says growth at Maruti Suzuki is currently production-led, not demand-constrained. He highlighted upcoming capacity additions, readiness for stricter ethanol norms including E85 and E100, and said the company sees no supply chain disruptions for now despite geopolitical tensions.
China's largest car exporter, Chery, is expanding its presence in Europe and other global markets by adopting a dual strategy inspired by Toyota and Tesla. The automaker is focusing on high standards of quality and service while prioritizing innovatiaChina’s largest car exporter, Chery, is accelerating its global expansion with a bold “Double-T Strategy” inspired by two automotive giants: Toyota and Tesla. Chairman Yin Tongyu says Chery aims to combine Toyota’s world-class quality, reliability, and customer service with Tesla’s cutting-edge innovation, EV technology, and youth appeal. After selling 2.8 million vehicles in 2025, Chery is now pushing aggressively into Europe, expanding in Spain, exploring local manufacturing partnerships, and tailoring compact car models for European consumers. Alongside rivals BYD and Geely, Chery is reshaping the global auto industry by offering advanced electric vehicles at highly competitive prices. With brands like Omoda and Jaecoo gaining momentum, Chery’s rise signals a major shift in global automotive power. In this video, we break down Chery’s strategy, European ambitions, EV disruption, and why traditional automakers are watching closely. Watch how China’s car giant is blending Toyota’s discipline with Tesla’s disruptive edge.on to meet low-carbon policies and appeal to younger consumers. Alongside Chinese competitors like BYD and Geely, Chery is disrupting the global automotive industry by producing advanced electric vehicles at highly competitive prices. Industry data indicates Chery sold two point eight million cars in twenty twenty-five, marking an eight percent increase from the previous year. To support its European expansion, the company is considering increasing production capacity in Spain, where it operates a joint venture, and exploring shared manufacturing opportunities with European car makers. Additionally, Chery is developing compact models tailored to European preferences. Following the launch of new international brands Omoda and Jaecoo, the company has already seen strong sales performance, with the Jaecoo seven SUV becoming a top-selling car in Britain.
China’s EV powerhouse BYD has reported its steepest quarterly profit decline in six years, with first-quarter net profit plunging 55.4% year-on-year as domestic sales weaken and competition intensifies. Once dominating China’s affordable EV segment, BYD is now under pressure from rivals like Geely and Leapmotor, while reduced subsidies and slower home-market demand are adding to the pain. Revenue also fell for the third consecutive quarter, signaling a broader challenge for the world’s top EV seller. In this video, we break down why BYD’s China sales are faltering, how shrinking domestic demand is impacting profitability, and why the company is aggressively shifting focus overseas. From exports and premium SUV launches to ultra-fast charging innovation, here’s how BYD plans to fight back against Tesla, local competitors, and changing market dynamics. Watch the full analysis of BYD’s biggest financial setback and what it means for the global EV industry.
India’s EV market has moved beyond experimentation and customers are ready to buy the right products at the right time, says Santosh Iyer. With EV penetration in its top-end portfolio at 20%, the company is doubling down on electrification, betting big on the new Mercedes-Benz CLA as its first software-defined car. Iyer also says Mercedes-Benz continues to outperform in a slowing luxury market, holds 60–70% share in top-end luxury, sees consensus emerging on SIAM’s unified stance on CAFE 3 norms, while navigating supply delays and rising cost pressures.
Classic Legends is doubling down on growth in India’s mid-cap motorcycle segment, even as EV buzz builds. After launching the updated Yezdi Scrambler and the all-new BSA Scrambler 650, the company is focusing on aggressive retail expansion — targeting over 700 outlets by FY28 and 500 touchpoints before the festive season. Despite the EV push, the company believes lifestyle electric motorcycles in India are not yet market-ready. However, it maintains it can launch an EV motorcycle anytime demand picks up. With 45% growth in FY26, Classic Legends is betting big on petrol-powered motorcycles while keeping its EV strategy flexible.
Electric vehicles not ethanol are India’s best bet to cut oil dependence, says Rachel Muncrief, CEO of the International Council on Clean Transportation. In an interview with Business Today, she explains why EVs are more efficient, cost-effective, and critical for energy security while also flagging trucks, buses, and battery supply chains as the next big focus areas. On India’s upcoming fuel efficiency norms, Muncrief said regulation should remain focused on tailpipe emissions, while EV adoption is better driven through incentives. “The recommendation is to stick to regulating the tailpipe, while using incentives to accelerate EV uptake” she said.
Tesla has launched the six-seater, three-row Model Y L in India at an ex-showroom price of ₹61.99 lakh. The all-wheel-drive electric SUV offers a claimed range of 681 km on the WLTP cycle, making it one of the longest-range EVs in its segment. Deliveries are set to begin from June 2026, as Tesla expands its limited lineup in the Indian market.
Renault is sharpening its India strategy with a clear pivot towards exports, positioning the country as a key manufacturing and supply hub for global markets such as the GCC and South America. Stéphane Deblaise, CEO of Renault India, told Business Today that the company is targeting €2 billion in annual exports from India by 2030, spanning vehicles, components, and services.
Renault Group CEO Francois Provost speaks to Business Today on the company’s India strategy, calling it a key and fast-growing market with a clear India-for-India approach. He says Renault will continue producing vehicles for Nissan, especially for export markets, while declining to comment on Nissan’s standalone India plans. On global risks, including the ongoing war situation, Provost says supply chains remain stable so far, with no impact on customer orders. The company continues to monitor developments closely while ensuring employee safety. Renault also plans to push a multi-powertrain strategy in India, including ICE, EV, and strong hybrids, as it looks to replicate its global strengths in the Indian market.
In this exclusive conversation with Business Today, VinFast India CEO Tapan Ghosh breaks down the company’s strategy for India. From pricing and ownership costs in the VF lineup to the upcoming 2-wheeler EV launch, Ghosh shares why India is a key market. He also weighs in on EV adoption trends, policy support like Delhi’s EV policy, and why the EV growth story is here to stay.
Volkswagen India is aiming to drive up to 20–25% higher volumes with the facelifted Taigun as it looks to strengthen its position in the competitive mid-size SUV segment. In an interaction with Business Today, Brand Director Nitin Kohli said the company is targeting growth above the industry benchmark typically seen after model updates. Volkswagen expects the Indian passenger vehicle market to grow by 5–7%, while EV adoption is projected to see double-digit growth by 2030.
Cab-hailing reliability continues to be a major challenge in India, with users often struggling to book rides without cancellations. In this exclusive conversation, Sahil Jindal, Co-founder of Trevel, outlines how the company plans to tackle this issue with a zero-cancellation policy, taking cues from players like BluSmart. Trevel is targeting the mass premium segment and has laid out an aggressive five-year expansion plan across Delhi, Bengaluru, Mumbai, and Pune. The company is investing heavily in technology and fleet leasing, with an eye on scaling efficiently. Jindal also shares Trevel’s long-term ambition of becoming India’s largest cab-hailing platform, its IPO outlook, and a roadmap to profitability in the next 2–3 years. He also adds upcoming brands like Glide, Shoffr can co-exist and solve the problem of cab reliability.
India has achieved its E20 ethanol blending target but what comes next? In this video, we break down India’s growing focus on flex fuel vehicles, which can run on higher ethanol blends and reduce dependence on crude oil imports. Vikram Gulati, Country Head and EVP, Corporate Affairs at Toyota Kirloskar Motor, tells Business Today that the industry is ready, with multiple OEMs already showcasing prototypes. He also highlights how ethanol has helped India save nearly ₹1.45 trillion in fossil fuel imports while supporting farmers.
The Centre is likely to extend subsidies under the PM E-Drive scheme for electric two-wheelers and three-wheelers beyond the March 2026 deadline, sources told Business Today. The move is driven by significant unspent funds and the need to boost demand in price-sensitive, high-volume segments. A high-level meeting chaired by the Prime Minister’s Office reviewed fund utilisation across ministries, including Heavy Industries and Road Transport. Data shows a sizeable portion of allocated funds remains unused, prompting discussions on extending the scheme by a few months. If approved, the extension will offer relief to both EV buyers and manufacturers, supporting adoption momentum. However, sources indicate this could be a limited extension, with long-term subsidy continuation unlikely.
German automaker Audi expects India’s luxury car market to grow by about 5–7% in 2026, even as the entry-level segment faces pressure from rising prices, Balbir Singh Dhillon, Brand Director at Audi India said. The company, which on Tuesday launched the SQ8 luxury SUV at an introductory price of ₹1.78 crore to strengthen its presence in the ₹75 lakh-plus segment, is also working on a new electrification strategy focused on “right-priced, right-sized models” to boost EV adoption in the entry luxury space. Despite the growth outlook, India’s luxury car market remains relatively small within the broader passenger vehicle industry, with annual volumes estimated at around 50,000 units.
Renault India’s VP Francisco Hidalgo outlines the roadmap for the new Duster—quick petrol deliveries, hybrid launch around Diwali, and a rapid push towards 100% localisation to tackle forex volatility. He also said production remains stable with no impact from ongoing global conflicts, while localisation is expected to boost exports.
For 2026, the India-spec V-Class will be offered exclusively in an extended wheelbase version, boasting a generous 3,430 mm between the front and rear axles. Overall length stretches to nearly 5.4 metres, and the MPV is slightly over 1.9 metres wide. It also stands tall at approximately 1.9 metres in height. With such commanding dimensions, the V-Class delivers undeniable presence and kerb appeal. The power-operated doors immediately set a premium tone, even before you step inside the cabin of this Mercedes. The interior of the V-Class is impressively spacious, particularly in the four-seater configuration, though even the six-seater version offers ample room. The four-seat layout features two sets of opposing seats, with the forward-facing ones being especially indulgent—they come equipped with extendable leg rests and offer cooling, heating, and massage functions. For those prioritizing practicality, the six-seater layout includes all forward-facing individual captain chairs.
Mahindra & Mahindra Ltd. reported a strong performance for February 2026, with total auto sales rising 18% year-on-year to 97,177 units. The growth was led by its SUV portfolio, where domestic sales surged 19% to 60,018 units, reflecting sustained customer demand across segments. Commercial vehicle sales also remained steady, while exports posted healthy growth. In this exclusive management interaction, Nalinikanth Gollagunta, Chief Executive Officer – Automotive Division and Executive Director, Mahindra Electric Automobile, discusses the momentum in SUV demand, market trends, and the company’s outlook going forward.
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