Mumbai’s Line 2B gets 2 bidders for PEB roof & finishing contract

Auto Sales Show Steady Growth in May 2025

India’s automobile sector demonstrated steady growth in May 2025, with total production and domestic sales showing modest gains across key segments.Overall vehicle production—including passenger, three‑wheelers, two‑wheelers, and quadricycles—reached 2.58 million units, marking a year‑on‑year rise of 5.2 per cent. Domestic sales across these categories totalled around 2.01 million units, up 1.8 per cent compared to May 2024.Passenger Vehicles (PVs)Passenger vehicle dispatches to dealers remained nearly flat at 344,656 units, reflecting a marginal decline of 0.8 per cent from the ..

JLR Cuts FY26 EBIT Margin to 5–7% Amid US Tariff Pressure

Jaguar Land Rover (JLR), the UK‑based luxury carmaker owned by Tata Motors, has lowered its forecast for fiscal 2026 earnings before interest and taxes (EBIT) to 5–7 per cent, down from a target of 10 per cent, and compared with 8.5 per cent delivered in FY25. The revision is attributed to multiple pressures including anticipated increases in US tariffs on foreign‑built vehicles, shifts in product mix, and elevated capital expenditure.JLR also projects near‑zero free cash flow for FY26, signalling a tight financial outlook. The optimism for FY27, however, remains intact, with expectati..

CCI Clears Mahindra Acquisition of SML Isuzu

The Competition Commission of India (CCI) has approved the proposed acquisition of SML Isuzu Limited by Mahindra & Mahindra Limited. The decision gives the green light to Mahindra's expansion in the commercial vehicle sector through this merger.SML Isuzu manufactures and sells commercial vehicles, while Mahindra & Mahindra, a flagship company in the renowned Mahindra Group, operates across a diverse portfolio that includes automotive, farm equipment, financial services, IT, logistics, infrastructure and more. This approval allows Mahindra to integrate SML Isuzu’s operations into its ..