The US, the main market for Stellanti, is also retreating from EVs under President Donald Trump.

Global EV registrations, a proxy for sales, fell by 3 per cent year-on-year to almost 1.2 million units in January.

The auto component industry witnessed a turnover of $80.2 billion in FY2025 and ACMA expects the same growth to continue in the new fiscal year.

On a consolidated basis, the Bharat Forge's net profit rose 28 per cent year-on-year to ₹272.8 crore.

The company increased its monthly production capacity from 4,000-5,000 units to 8,000 units by March 2026.

The new MG Majestor replaces the MG Gloster in the automaker’s lineup, and is all set to challenge the dominance of the Toyota Fortuner in the segment.

The company expects to complete the incorporation within the next three to six months, indicating that execution timelines are already in focus.

The vehicle is manufactured at Mahindra's facility in Zaheerabad.

These e-vans will operate across Delhi-NCR and will handle periodic maintenance, cleaning jobs and minor repair work at the customer location for electric sport utility vehicles.

The report identifies structural shifts needed to address increased demand for passenger and freight mobility while targeting net zero emissions.