ELECTRICITY DEMAND INDIA
Auto sales jump 13% to 2.61 million units on strong demand tailwinds
Vehicle sales saw a significant 13% jump last month, reaching 2.61 million units. This surge marks the best-ever April for most vehicle categories. Strong rural demand, GST benefits, and lower interest rates fueled this growth. Industry experts anticipate this positive trend to continue. The automotive retail sector has started the new financial year on a robust note.
Coal India, CESC and other power stocks: JM Financial analyst explains impact of Bengal elections
JM Financial views the West Bengal election outcome as a potential boost for power sector governance, driven by expectations of reform under a BJP-led government. While this could create headwinds for CESC, it may benefit Coal India and other central utilities
L&T bags 'large' BCGCL order for coal-to-chemicals plant in Odisha, 2,000 TPD capacity
Larsen & Toubro has secured a landmark deal to develop a state-of-the-art coal-to-ammonium nitrate facility in Odisha, poised to deliver 2,000 tonnes of ammonium nitrate daily. This venture not only bolsters India's aspirations for enhanced coal gasification but also reduces dependency on imports, perfectly aligning with the Aatmanirbhar Bharat initiative.
India's auto demand to hold steady for 2-3 quarters, but global risks loom over exports, margins
India's auto sector is set for continued strong demand for the next 2-3 quarters. Elevated growth is anticipated through CY26. This positive trend is supported by improving affordability and rural sentiment. Key segments like passenger vehicles, commercial vehicles, and two-wheelers are showing robust volume increases. Electric vehicle adoption is also gaining significant momentum across the industry.
PMI rises to 54.7; Inflation pressures mount
India's manufacturing sector saw modest growth in April. New orders and production improved, boosting activity. However, rising costs due to the West Asia conflict are a concern. Input prices increased at their fastest pace since August 2022. Output prices also saw a quick rise. Export performance was strong. Hiring activity strengthened, indicating optimism for future expansion.
India is blocking a cheap way to beat the heat wave, one tweak in AC can lower costs
India faces a cooling crisis as soaring temperatures drive unprecedented electricity demand. While AC sales surge, a safer, cheaper, and more efficient refrigerant, propane (R290), is being held back by outdated regulations. This overlooked solution could significantly ease grid pressure and reduce climate impact, yet its adoption is inexplicably slow.
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EVs moving at faster speed in premium lane
India's electric car market is seeing growth in premium segments. Carmakers are launching more expensive models, with sales in the ₹20-30 lakh bracket rising significantly. The share of cars below ₹10 lakh has decreased. Luxury EV demand is also strong. This trend suggests the market is expanding upwards, potentially limiting mass adoption.
From shortage story to cash-flow story: A sector ready for sustained re-rating? 5 power stocks with upside potential of up to 33%
In the power sector, the next cycle will not reward whoever has the most installed megawatts. It will reward whoever can sign the right contracts with the right customers. And deliver reliably for two decades. That is a different question from the one the last cycle answered. The companies that get re-rated on a sustained basis will be the ones that answer it correctly, not the ones that simply ride the demand headline.
State incentives power India’s EV market growth
As environmental consciousness rises, Indian consumers are increasingly opting for electric vehicles. Favorable state policies are making EV ownership more accessible, leading to a transformation in purchasing patterns. States like Maharashtra, Uttar Pradesh, and Karnataka are witnessing remarkable spikes in EV sales. The trajectory of the Indian EV sector points towards sustained growth in the years ahead.
India’s heat exposes a fragile grid as energy crunch deepens
India is bracing for an intense summer with heat waves set to persist. Power grids are under immense pressure due to rising demand and energy shortages. Warmer temperatures are impacting night-time power supply, leading to blackouts. El Nino conditions may further stress the power grid during the monsoon. Residents are experiencing disruptions, and authorities are urging diligence to prevent outages.
Power prices hit regulatory ceiling as heatwave drives demand
India's power market saw prices surge in late April. High demand, driven by heatwaves, pushed tariffs to the ₹20 per unit ceiling in non-solar hours. The Indian Energy Exchange data shows this trend. This high-price segment allows costlier power sources to meet demand. Peak demand reached a record 256 GW.
EVs ring in new fiscal on strong note
India's electric vehicle market began the new fiscal year with robust sales in April. Electric cars and two-wheelers saw significant year-on-year growth. This surge was fueled by new model introductions, increased consumer interest, and worries about fuel prices. While sales dipped from March's peak, the overall trend indicates strong momentum for electric mobility in the country.
Ola Electric delivers 20% MoM growth in April, continues recovery momentum
Ola Electric saw a significant 20 percent rise in registrations in April 2026. This growth occurred even as the electric two-wheeler market experienced a sharp decline. Ola Electric was the sole leading brand to achieve month-on-month expansion. This performance highlights increasing customer trust and operational stability. The company's expanding electric vehicle portfolio continues to attract buyers.
India auto retail sees broad-based growth in April; two-wheelers lead surge: Goldman Sachs
India's auto market saw strong growth in April. Two-wheeler sales increased significantly, outpacing passenger vehicles. Commercial vehicle volumes also rose steadily. Three-wheelers experienced the sharpest growth, indicating a strong recovery. Electric vehicle penetration is rising, though internal combustion engines still dominate. The data reflects widespread expansion across all vehicle segments.
Coal India's production in April drops amid rising power demand
April brought unexpected challenges for Coal India, the giant behind India's coal production. The company experienced a significant 9.7 percent dip in output, stirring alarms as coal is the backbone of over 70 percent of the nation's electricity supply. With summer demand hitting unprecedented levels, the pressure on power consumption intensifies, risking shortages at thermal plants and affecting various sectors.
After a 60% rally, can Ola Electric shares extend gains following 20% MoM sales growth in April?
Ola Electric shares have surged over 60% from recent lows, supported by a 20% month-on-month rise in April registrations. Despite a broader industry decline, the company posted growth, boosting sentiment. Analysts remain cautious, citing slow EV adoption and execution risks, while maintaining a positive near-term outlook.
MG Group celebrates 30 years of bus building
MG Group marks thirty years at its Zaheerabad plant. This milestone underscores its role in India's bus manufacturing and engineering sector.
India in the hot seat as blackout risks rise with temperature
As the summer heatwave intensifies, India is preparing for relentless heat well past June. Power networks are under immense strain due to increased temperatures and energy deficits from global disruptions. This unfortunate combination is leading to rolling blackouts, affecting millions as they cope with the dual challenge of sweltering weather and power outages.
Rising temperatures spark comeback for India's consumer durables sector: Report
India's consumer goods sector is seeing a strong rebound. Rising temperatures are boosting sales, especially in southern regions. While April sales were flat, the coming months look promising. Companies are increasing prices to manage costs. Premium products are selling well, while entry-level items face challenges. Modest growth is expected, supported by good weather and steady demand for high-end appliances.
Torrent Power lines up biggest debt sale yet to bankroll coal deal
India's Torrent Power is set to inaugurate the first acquisition-funded corporate bond sale of the current financial year, in what would be the company's largest debt issuance to date, three merchant bankers told Reuters on Thursday.
Iran war to supercharge Asia's move from fossil fuels to electrons
The U.S. and Israeli conflict with Iran is accelerating Asia's shift to electrification, particularly electric vehicles and battery storage. This pivot is driven by the potential loss of oil and LNG supplies, with significant growth anticipated in two- and three-wheeler EVs and battery systems across Southeast and South Asia.
ICRA cuts Ola Electric's rating as competition, poor brand perception hit performance
Ola Electric Technologies faces a downgrade from ICRA due to declining sales, persistent losses, and delayed profitability. Despite efforts to improve unit economics, rising competition and subsidy rationalization have impacted demand and margins. The company's market share in the electric two-wheeler segment has significantly weakened, with legacy players now dominating.
Induction cooktop: EPACK Durable expands into infrared cooktops as gas squeeze shifts demand
EPACK Durable Limited has launched infrared cooktops, expanding its electric cooking range. This move supports a national trend towards electric cooking, driven by global energy market disruptions. The company's expansion diversifies its product offerings beyond seasonal air conditioners. This strategy aims to enhance revenue streams and improve long-term profit margins.
Nearly one-third of record peak demand of 256 GW met through renewable energy: Pralhad Joshi
India successfully met its record peak power demand of over 256 GW on April 25, 2026. Renewable energy sources like solar, wind, and hydro contributed significantly. This achievement demonstrates India's capability in handling peak power demand with clean energy. The government is investing in grid modernization and increasing generation capacity to boost renewable energy's share in the power mix.
Power, auto ancillary, and mid-size banks: Where Motilal Oswal Private Wealth is putting money now
Motilal Oswal Private Wealth is investing cash into key sectors. Power is a top pick due to rising demand. Auto ancillary firms are set to benefit from trade deals. Mid-size private banks show strong growth metrics. IT valuations are attractive but execution is a concern. Indirect AI plays include data centres and rare earth companies.
Despite uncertainty, India to withstand global shocks due to strong macro fundamentals: BoB Report
India's economy is poised to overcome global challenges as strong domestic fundamentals will provide resilience, a BoB report said. Industrial activity is set to remain steady, boosted by government initiatives and rising consumer demand, the report added. Key indicators like manufacturing PMI and GST collections have shown positive trends.
India weighs induction cooktop subsidy amid Iran war energy crisis
India is exploring incentives for induction cooktops. This move aims to transition households from LPG to solar electricity. The government is discussing support under the PM Suryaghar Muft Bijli Yojana. This initiative seeks to boost the adoption of electric cooking. Tax cuts and reduced import duties are also being considered to make these appliances more affordable and increase local production.
India’s power market entering a storage-led transformation phase: Apoorva Bahadur
India's electricity system faces a critical juncture as soaring summer demand outstrips generation flexibility. While renewables meet daytime needs, evening peaks highlight a significant storage gap. Experts warn of potential shortages if storage capacity doesn't scale rapidly to balance the grid and capture emerging profit opportunities.
India's Peak power demand moderates to 238 GW on Sunday
India's peak power demand dipped to 238.15 GW on Sunday, a decrease from Saturday's record 256 GW as commercial and industrial activities paused. Despite a slight shortfall, demand is nearing the government's summer estimate of 270 GW, driven by rising temperatures and increased use of cooling appliances.
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