When markets resume trading today, Hindustan Zinc, Vedanta, Marico, Vodafone IdeaVodafone Idea narrowed its consolidated losses to Rs 5,286 crore in Q3FY26 versus Rs 6,609 crore in the year ago period. The telecom company's revenue from operations for the quarter stood at Rs 11,323 crore, up 2% over Rs 11,117 crore in the corresponding quarter of the last financial year.Live EventsVedanta / Hindustan Zinc on Tuesday approved the sale of up to 1.59% stake representing up to 6.7 crore equity shares in its su ...

Core Viewpoint - Suzuki is strategically expanding its production capacity in India by investing approximately $550 million to increase annual production capacity by up to 1 million units, responding to rising domestic demand for vehicles [4][5][6]. Group 1: Production Expansion - Maruti Suzuki has announced plans to add a new plant in Gujarat, which will be its second passenger vehicle factory in the state, to address the current pressure on production capacity [8][12]. - The company currently has a total installed capacity of about 2.4 million vehicles, with peak capacity nearing 2.6 million, which is fully utilized [8][9]. - The new plant is part of a broader strategy where Suzuki aims to invest $8 billion in India over the next five to six years, positioning the country as a global production hub for electric vehicles [5][12]. Group 2: Market Demand and Sales Growth - Maruti Suzuki reported a record monthly sales figure of 178,646 units in December 2025, reflecting a year-on-year increase of 37% [4]. - The Indian automotive market is experiencing significant growth, with a 26.8% year-on-year increase in vehicle shipments to dealers in December 2025, marking the highest monthly growth for that year [8]. - The demand for entry-level models is strong, with an order backlog of approximately one and a half months, indicating robust consumer interest [4][8]. Group 3: Electric Vehicle Market Dynamics - Despite the growth in electric vehicle sales, which exceeded 270,000 units in 2025 (an 86% increase from 2024), the overall penetration rate of electric vehicles in the Indian passenger car market remains low at only 4% [15][16]. - The Indian government's electric vehicle manufacturing promotion plan has faced challenges, with no car manufacturers responding to the initiative, leading to its characterization as "nominally existent" [16][17]. - The uncertainty surrounding the government's electric vehicle policies has prompted Suzuki to focus on expanding production capacity and export capabilities to stabilize output and meet domestic and international demand [17].

Core Insights - Indian automobile exports have shown significant growth in September, Q2, and the first half of the financial year for both passenger vehicles (PVs) and two-wheelers (2Ws) [1][2][3] Passenger Vehicles (PVs) - Total PV exports in September increased by 30.3% year-on-year to 87,762 units compared to 67,379 units in September 2024 [1] - In Q2, total PV exports grew by 23% year-on-year to 241,554 units, up from 196,196 units in Q2 2024 [2] - For the first half of the financial year, total PV exports rose by 18.4% year-on-year to 445,884 units, compared to 376,679 units in April-September 2024 [3] Two-Wheelers (2Ws) - Total 2W exports in September grew by 15.3% year-on-year to 429,562 units, up from 372,481 units in September 2024 [2] - In Q2, total 2W exports increased by 25% year-on-year to 1,295,468 units, compared to 1,035,997 units in the same period last year [2] - For the first half of the financial year, total 2W exports grew by 24.2% year-on-year to 2,432,410 units, compared to 1,959,145 units in H1 2024 [7] Company Performance - Maruti Suzuki India (MSIL) achieved its highest-ever monthly exports of 42,204 units, growing by 52.2% year-on-year [5] - MSIL has already crossed 210,000 units in the first half of the year and aims to reach a target of 400,000 units for the fiscal year [6] - Hyundai Motor India has set a target of achieving 30% of its production as exports by 2030, focusing on markets in the Middle East and Latin America [6][7]