The latest revision follows three earlier hikes: ₹2 per kg on 15 May, ₹1 per kg on 17 May, and a further ₹1 per kg on 23 May.

The expansion is aimed at addressing barriers to EV adoption, particularly around access to sales and after-sales support.

The BizIntel Hub, which will house vehicle manufacturing and testing facilities, will be built across 300 acres allocated by the state government and is expected to create around 200 jobs.

Amara Raja's home energy business also recorded robust growth, while lithium solutions for the telecom sector continued to expand steadily. (Representative image)

HPCL and Tata Motors have partnered to pilot a used lubricant recycling programme in India. The initiative focuses on converting hazardous waste oil into re-refined base oil to support circular economy goals.

Exports were flagged as a key structural growth driver. Passenger vehicle exports made up 18.7 per cent of total volumes in FY26.

Ferrari has finally debuted the Luce, its first all-electric five seater with 1,035 bhp and a 531 km range.

In April 2025, Washington imposed a 25 per cent tariff on vehicles not made domestically, significantly pushing up costs for imported luxury cars.

The order includes vehicles meant for both freight movement and employee transportation. (Representative image)

Union Minister Nitin Gadkari has said Maruti Suzuki will introduce vehicles capable of running on 100% ethanol on World Environment Day. The move comes as India prepares a regulatory framework for higher ethanol blends, including E85 and E100.