The Federation of Automobile Dealers Associations (FADA) today released its April 2025 vehicle retail data, revealing a moderate overall growth of 3 percent YoY.

The two-wheeler segment emerged as the primary growth driver, registering a 2.25 percent increase in retail sales compared to April 2024 and a significant 11.84 percent MoM growth. FADA attributes this positive momentum to strong rural demand. However, the sector continues to face headwinds in the form of high financing costs and the pricing impact of OBD-2B emission norms.

The tractor segment demonstrated robust growth, with a 7.5 percent increase in retail sales year-on-year. This strong performance likely reflects the positive sentiment stemming from a strong Rabi harvest, which typically boosts agricultural activity and consequently, tractor demand.

In contrast to the strong performance of two-wheelers and tractors, the passenger vehicle segment experienced a modest 1.55 percent YoY growth, while witnessing a slight dip of 0.19 percent on MoM basis. The auto retail body attributes that deep discounts are prevalent in the market and while the demand for SUVs remains strong, the entry-level segment continues to exhibit sluggishness. FADA also noted that the PV inventory levels are currently around 50 days, significantly higher than their advocated norm of 21 days.

The commercial vehicle segment faced a contraction, with retail sales declining by 1.05 percent YoY and 4.44 percent on MoM basis. FADA suggests that recent price hikes by OEMs and flat freight rates are negatively impacting sales. Within the CV segment, the Small Commercial Vehicle category saw weak demand, while the bus segment remains steady.

Looking ahead to May 2025, FADA anticipates a positive outlook, primarily driven by the strong conclusion of the Rabi harvest. The expectation of a normal monsoon further strengthens this positive sentiment, suggesting continued momentum in rural demand which could positively influence vehicle sales across various segments.

In a significant development, FADA has begun releasing fuel-wise vehicle retail market share data across all key categories. This new initiative aims to provide stakeholders with a granular understanding of evolving energy preferences and the impact of regulatory influences on India's automotive ecosystem.

C S Vigneshwar, President, FADA, said, “The new financial year began on a measured note as overall retails in April managed to grow by 3 percent YoY. All categories except CV closed in the green, with 2W, 3W, PV and Trac up 2.25 percent, 24.5 percent, 1.5 percent and 7.5 percent respectively, while CVs declined by 1 percent. With the tariff war paused, stock markets staged a sharp pullback – alleviating investor concerns – and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note.”

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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has achieved the first position globally in the 'Durable Consumer Goods' category of the annual 'Best Stocks in the World' ranking.

The study was published by German business weekly WirtschaftsWoche and was based on the Boston Consulting Group (BCG) Value Creators analysis.

The evaluation analysed more than 2,000 listed companies across 35 industries worldwide. Over the 5-year period from 2021 to 2025, TVS Motor Company recorded an average annual total shareholder return of approximately 51 percent.

This placed the company ahead of category peers from Japan, China, the United States and India. According to the data, the performance was driven by revenue growth contributing 22 percentage points and market valuation contributing 18 percentage points, along with profit margin improvements and debt reduction.

Professor Sir Ralf Speth, Chief Mentor, TVS Motor Company, said, “This recognition by WirtschaftsWoche and BCG is the result of the consistent implementation of Chairman Sudarshan Venu’s clear strategic vision. His passion for the company, deep understanding of markets and customers, openness to new technology, and attentiveness to the workforce create a values-based environment in which creativity and performance can flourish. Equally exemplary is the strong commitment to social responsibility. With this mindset - the ‘TVS Way’ - and under outstanding corporate leadership, the TVS team wins numerous international awards year after year, including accolades for environmental stewardship and exceptional product quality. TVS is synonymous with quality and a strong commitment to the environment, rooted in the skill of its people and built on manufacturing excellence. In symbiosis with this commitment, the company continues to advance energy-efficient solutions and strengthen its leadership in electric mobility. Under TVS Motor Company’s ownership, Norton’s global resurgence is now clear. This storied and deeply revered brand is once again delivering a compelling combination of technology, design integrity and dynamism. I am confident TVS Motor Company is strongly positioned for the future - delivering sustainable growth, strengthening global competitiveness and creating long-term shareholder value - recognition goes to the whole TVS team for their hard work and commitment."

In FY2026, TVS Motor Co reported annual sales of 5.89 million units, representing a 24 percent increase YoY. International business grew 33 percent across more than 90 markets. Revenue increased 30 percent YoY to INR 472 billion, operating profit before tax rose 40 percent to INR 49.75 billion and the operating EBITDA margin reached 12.9 percent.

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Eicher Motors, one of the leading manufacturers of two-wheelers and commercial vehicles, has announced its financial results for Q4 FY2026 and FY2026.

During Q4 FY2026, Royal Enfield sold 313,811 motorcycles, up 12 percent YoY, while VE Commercial Vehicles (VECV) reported sales of 33,976 units, as against 28,675 units a year ago.  The company reported INR 60.8 billion revenue, up 16 percent YoY, EBITDA of INR 15.14 billion, up 20 percent YoY and net profit of INR 15.20, up 12 percent YoY for Q4 FY2026.

For FY2026, Royal Enfield reported its highest-ever annual sales, surpassing 1.2 million units, up 22 percent YoY, which includes 1.10 million units in the domestic market, up 23 percent YoY.

The revenue came at INR 234 billion, up 24 percent YoY, EBITDA at INR 57.8 billion, up 23 percent YoY and profit after tax of INR 55.15 billion, up 17 percent YoY.

B. Govindarajan, Managing Director - Eicher Motors and CEO, Royal Enfield, said, “FY2026 has been an exceptional year for Eicher Motors and Royal Enfield, marked by strong growth, record volumes, and a continued focus on our global ambitions during our 125th anniversary. We achieved over one million motorcycle sales for the second consecutive year and recorded our best-ever festive season, with record volumes in both domestic and international markets. We also marked a major milestone in April ‘26 with our entry into the electric mobility space via the launch of the Flying Flea C6. International business remains a key priority as we steadily deepen our presence in markets like Brazil. This year, we also took the brand into new cultural spaces - ranging from gaming collaborations to marquee community rides - that strengthen our global identity. To power our next phase of growth, we have committed to significant investments, including the brownfield capacity expansion at Cheyyar with INR 9.58 billion and our strategic expansion plan at Tada in Andhra Pradesh, both aimed at building future-ready capacity to support our long-term projected growth.”

B Srinivas. Managing Director and Chief Executive Officer, VECV, said, “Crossing the milestone of 1,00,000 vehicles in a year is a significant achievement for VECV and reflects the trust our customers have placed in our products and solutions. This milestone also fulfills a key part of the original vision set at the inception of the Volvo–Eicher joint venture, underscoring the strength and long-term strategic direction of our partnership. During the year, VECV launched several innovative solutions in the rapidly evolving Indian CV Industry -including the Eicher Pro X Small Truck for city distribution, 12 m Eicher electric intercity coach, electric Tarmac Buses and the Volvo FM LNG Road Train specially designed for long haul logistics. As we move forward, we remain committed to driving the next phase of growth through innovation, sustainability, and deeper customer engagement.”

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Austrian cleantech startup REPS has raised USD 23.6 million in an equity financing round to scale its patented Road Energy Production System. The technology integrates into existing road infrastructure to capture kinetic energy from moving vehicles and convert it into electricity.

The system is designed to install directly into road surfaces without disrupting traffic flow. It targets high-traffic locations where vehicles naturally slow down, brake or experience forces from slopes, such as ports, logistics hubs and industrial sites.

According to the company, the mechanical energy lost through traffic could theoretically address around 5 percent of global electricity demand. The technology features a converter built on a permanent magnetic bearing combined with electromagnetic induction, which operates without conventional mechanical friction and conventional wear.

REPS has been running its first commercial system at the Port of Hamburg since November 2025. Over a 6-month period, more than 115,000 trucks crossed the system, generating over 6,700 kWh of electricity under real traffic conditions. Following the deployment, the company has engaged with over 90 parties across the port industry in Europe, the Middle East, Asia and North America.

Internal projections suggest that installing 230 systems on public roads across the Port of Hamburg could generate 10 GWh of electricity annually, offsetting nearly 10 percent of the CO2 emissions caused by port traffic.

Alfons Huber, Founder and CEO, REPS, said, “Roads are everywhere. Traffic is everywhere. What was previously wasted energy can now be transformed into clean electricity through REPS. We spent six years developing the technology. Now the scaling phase begins. The strong demand from ports and logistics operators worldwide confirms the need for our solution, and with this financing round we can now scale at the speed required by the energy transition.”

Justin Karnbach, CEO, Hamburger Container Service, added, "The installation at our facility demonstrates the potential of REPS: where vehicles have to brake anyway, clean energy is recovered and can be used directly where we need it. Without any interference with traffic and without additional space."

Jens Maier, CEO, Hamburg Port Authority (HPA) and President of the International Association of Ports and Harbors, noted, “We can't wait to see REPS in action - not just in the Port of Hamburg, but throughout the city and far beyond, all over the world. The Port of Hamburg aims to achieve climate neutrality by 2040. HPA actively supports this ambition by implementing innovative technologies. REPS is a future-orientated technology that generates electricity from previously unused energy sources, making a significant contribution toward achieving climate neutrality. With its high volume of truck movements and its role as a central logistics hub, the Port of Hamburg offers ideal conditions to test technologies like REPS under real-world conditions.”

Elisabeth Zehetner, State Secretary for Energy, Startups and Tourism, Austria, said, “Start-ups are no longer a side topic, they are the innovation lab of our economy. This is where technologies like REPS from Austria are created. REPS is innovation made in Austria and showcases what our founders are capable of: they don’t just make small adjustments; they transform entire systems. A road becomes a power plant, and existing infrastructure becomes a building block for a sustainable future. Our role in politics is clear: we must ensure that start-ups find the right framework conditions in Austria. With the Start-up Umbrella Fund, we aim to make sure that innovation is financed, developed, and scaled here in Austria and Europe instead of eventually returning to us as an import from the U.S. or Asia”

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LTM, an AI-centric global technology services company and part of the Larsen & Toubro Group, has issued an offer to acquire Randstad’s Technology and Consulting Services business across France, Germany, Belgium, Luxembourg and Australia.

The transaction represents more than USD 500 million (EUR 469 million) in annual revenue and is intended to scale domain-driven solutions and AI services within these regions.

The proposed acquisition will expand LTM’s market presence in the aerospace, defence, automotive, utilities and banking and financial services (BFS) sectors. The integration is expected to bring localised domain expertise and regional capabilities in digital engineering, cybersecurity and the Internet of Things (IoT). These operations will be supported by onshore and nearshore delivery centres located in Romania and Portugal.

The transaction is part of a broader collaboration between the two companies. This includes a five-year IT services partnership to drive AI-enabled transformation for Randstad’s Global Capability Center in India, alongside a strategic talent Managed Services Provider (MSP) agreement to support LTM’s expanding workforce.

The acquisition will be executed through LTM’s wholly owned subsidiary, LTIMindtree UK and remains subject to regulatory approvals and customary closing conditions.

Venu Lambu, CEO & MD, LTM, said, “The proposed agreement is aligned with our five-year strategy to build a more resilient, diversified, balanced portfolio. By combining our global AI-centric capabilities with local context and industry depth, this acquisition would strengthen our ability to deliver compliant, domain-driven AI services and sovereign solutions in markets that are strategically important to us. This 360°partnership with Randstad would be a key step forward in our growth journey.”

Sander van ‘t Noordende, CEO, Randstad, added, “The proposed agreement marks a deliberate step in our Partner For Talent strategy. By partnering with LTM, we would ensure our clients continue to receive world-class services while we streamline our portfolio to invest in growth segments and digital marketplaces that offer the most scale and value. We are equally excited to partner with LTM in India, where their AI expertise will be instrumental in evolving our digital capabilities.”

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