Browsing: Market Updates

Synopsys and 3D Engineering have launched a new Engineering Simulation Design Center at MECF Pune to accelerate innovation for MSMEs, startups and students. Equipped with advanced Ansys simulation tools and HPC infrastructure, the center supports R&D, industry collaboration and India’s broader ‘Make in India’ and ‘Skill India’ goals …

Hyundai Motor India recorded total sales of 66,840 units in November 2025, achieving 9.1% YoY growth. Domestic sales reached 50,340 units, while exports rose 26.9%. Strong demand for the all-new Hyundai VENUE, the company’s first software-defined vehicle in India, boosted overall performance …

Lidl Austria is expanding its electric delivery fleet with 42 more Mercedes-Benz eActros 600 trucks, following its initial rollout of 14 units. The retailer aims for emissions-free nationwide store deliveries by 2030 and is building the most powerful e-truck charging network in Austrian grocery retail. By year-end, the first 20 e-trucks will be in daily use, powered fully by green energy …

Hyundai Motor Group is expanding its V2G and V2H EV energy services across Korea, Europe, and the U.S., enabling electric vehicles to support homes and power grids. The rollout begins with EV9 and IONIQ 9, enhancing renewable-energy integration and future-ready mobility …

The global automotive cybersecurity market is expected to grow from USD 2.31 billion in 2023 to USD 7.85 billion by 2031. Growth is driven by increasing connected vehicle adoption, rising cyber threats, demand for ADAS, telematics protection, and regulatory pressure for secure in-vehicle systems …

Mahindra Last Mile Mobility Limited and Punjab National Bank have signed an MoU to offer EV financing solutions. With PNB’s 10,000+ branches, the partnership aims to boost last-mile electric vehicle adoption with accessible loans and flexible repayment plans …

GST 2.0 has renewed momentum in India’s car industry, led by strong demand for small vehicles. Stellantis predicts growth above 5% and aims for major export expansion …

Bengaluru’s 3ev has secured ₹120 crore in a Series A round led by Mahanagar Gas Limited, marking MGL’s first-ever investment in the EV sector. The funding will boost manufacturing capacity, expand ecosystem-driven three-wheeler mobility, and drive growth toward profitability by FY26 …

Calderys has commissioned its basic monolithics line at the new Odisha facility, marking a major step in strengthening India’s refractory supply chain. The CAPES site will expand to six production lines and serve key sectors while contributing to Make in India and sustainable industrial growth …

VinFast Indonesia has signed new MOUs with Goodyear, Dunlop, Denso, CARfix, and Scuto Paint to improve the EV after-sales network across the country. The partnerships expand servicing, maintenance, body repair and charging support, reinforcing VinFast’s commitment to green mobility and customer convenience …