Varroc Engineering, India updates about new business wins in Q4 FY 2026 On May 27, Varroc Engineering announced that in Q4 FY 2026 (ending March), its notable wins included a wall-charger order for its Romanian business from a global EV player, and gears and crankpin orders from its ICE powertrain solutions vertical. Management said these wins are intended to fill existing capacity and improve asset utilisation. The overseas electronics and ligh...

News  Updated at: 2026/05/29

els for BEVs, it will focus on in-house development of HEVs and PHEVs, and sequentially launch a total of 10 models, consisting of 5 HEV models and 5 PHEV models. Advancing “Revenue Enhancement Strategy 2.0” to further evolve its value proposition. This includes attracting customers in higher price ranges through brand-driven value proposition, strengthening profitability through expansion of value chain businesses, and pursuing thorough cost...

News  Updated at: 2026/05/29

June 2026) for electric motor bearings and wheel hub bearings tied to model year 2026-27 launches across two-wheeler, three-wheeler, passenger vehicle, and commercial vehicle segments, with order book visibility extending up to 2030. It mentioned that while electric vehicles use fewer bearings than ICE vehicles, the transition is opening new product positions in motor bearings and electric insulation high-speed bearings, which are priced at a sig...

News  Updated at: 2026/05/28

nd the first shipment has started. In buses, the company secured orders for 5,000 buses from multiple state transport undertakings in FY 2026 and received additional orders for approximately 250 electric buses. It also signed an MoU with the V.O.C. Port in Tamil Nadu to supply and trial 40 hydrogen-ICE trucks. On the Iveco acquisition, Tata Motors said all regulatory approvals have been secured except financial regulatory clearances from France a...

News  Updated at: 2026/05/28

the Sierra's new engine. The company said its near-term target is to reach 10,000 Sierra units per month, with additional suppliers being added to address the bottleneck. The Sierra.ev is planned for launch in Q2 FY 2027.  For FY 2027 (ending March), its line comprises two new nameplates and four ICE facelifts alongside four EV facelifts. The Harrier.ev and an enhanced Punch.ev have already been launched, strengthening the EV portfolio. Its dea...

News  Updated at: 2026/05/28

wever, exports increased to Asia as well as Australia and Oceania. Shipments to Africa and North America also rose, helping offset part of the overall decline. Domestic vehicle sales in April 2026 reached 48,394 units, up 2.5% YoY. Passenger vehicle sales included 13,882 BEVs and 11,204 HEVs, while ICE pickup truck sales totaled 9,831 units. For January–April 2026, domestic vehicle sales totaled 230,477 units, up 15.0% YoY. This included 64,109...

News  Updated at: 2026/05/25

portfolio and product plan to avoid duplicate spending.     •  Between now and 2030, Stellantis will launch more than 60 new vehicles and 50 significant refreshes, including 29 battery-electric vehicles, 15 plug-in hybrid or range-extended electric vehicles, 24 hybrid electric vehicles and 39 ICE/mild hybrid electric vehicles.     •  The four global brands with the greatest scale, Jeep, Ram, Peugeot and FIAT, will be first launchers f...

News  Updated at: 2026/05/22

hairman of the Board of Directors of Leoni Egypt said the company plans to invest EUR 80 million by 2028 to establish a new factory in Badr City. This investment will double the current production capacity of 100,000 wiring harnesses and create 3,000 new jobs. The harness will serve both the EV and ICE segments. Based on multiple sources...

News  Updated at: 2026/05/21

to-market opportunities in select geographies. The companies will evaluate how Apollo’s long-range 3D perception can pair with MoveAWheeL’s friction-coefficient prediction technology to provide a more comprehensive understanding of driving in challenging conditions such as rain, snow, and black ice. AEye’s Apollo is a software-defined 1550-nanometer lidar sensor capable of detecting objects at distances of up to one kilometer. MoveAWheeL’...

News  Updated at: 2026/05/21

Hyundai India to produce two new upcoming models in Chennai plant On May 8, Hyundai Motor India Limited (HMIL), in an investor update, announced that it will introduce two completely new nameplates. Hyundai will mark the debut of its new locally developed EV in the compact SUV segment. The other model will strengthen its presence in the ICE SUV market. It will be a mid-SUV, having a length of more than 4 meters. The upcoming two new models will b...

News  Updated at: 2026/05/20

recasts global consolidated unit sales of 940 thousand units, an increase of 4.9% in FY2026. This includes an increase of 28 thousand units to 736 thousand units in North America. At the Yajima Plant, where BEV production began in February of 2026, Subaru plans to start mixed production of BEVs and ICE models from around summer of 2026 and gradually increase utilization rates. Subaru forecasts consolidated revenue for FY2026 of JPY 5.2 trillion, ...

News  Updated at: 2026/05/18

y to maximize control effectiveness based on a thorough understanding of operating principles, which is a differentiating factor in competing with emerging companies that are gaining prominence through software-driven logic. In this instance, MarkLines conducted an interview with JTEKT Executive Officer and CTO, Mr. Katsutoshi Sakata, focusing on technologies that play a central role in the company's mid- to long-term strategy, including the seco...

News  Updated at: 2026/05/15

[Exclusive Interview] Geely on Global Powertrain Strategy in a Multi Track Transition: System Level Innovation and Global Differentiation At the occasion of the Vienna Motor Symposium 2026, MarkLines had the privilege of conducting a written interview with Ms. Ruiping Wang, Senior Vice President, Geely Auto, exploring Geely's global powertrain strategy and its approach to innovation amid the industry's multi track transition. Based on these direc...

News  Updated at: 2026/05/15

NTN’s U.S. plant to shift from EV products to ICE vehicles products On May 14, NTN Corporation (NTN) announced that its U.S. plant will shift from products relating to electric vehicles (EVs) for Honda Motor Co., Ltd. (Honda) to products for internal combustion engine (ICE) vehicles. This comes after Honda canceled the development and market launch of three electric vehicle (EV) models that it had planned to produce in North America. NTN had be...

News  Updated at: 2026/05/15

Limited. AKX is the second Emobi model to use Musashi's e-Axle, following Kyari, which launched in Bengaluru in November 2025. Musashi's two-wheel e-Axle features a proprietary reduction gear designed to deliver smooth acceleration, superior pick-up torque, and acceleration performance on par with ICE two-wheelers, while maintaining quietness and efficiency. The e-Axle applies transmission expertise developed over decades in two-wheeler ICE comp...

News  Updated at: 2026/05/13

aled 1.225 million units, up 7.5% y/y. Specifically, battery electric vehicle (BEV) volumes totaled 776,000 units, up 7.0% y/y; plug-in hybrid electric vehicle (PHEV) volumes totaled 362,000 units, up 13.7% y/y; range-extended electric vehicle (REEV) volumes totaled 87,000 units, down 9.1% y/y; and ICE-powered (ICE: internal combustion engine) hybrid passenger vehicle volumes totaled 72,000 units, up 2% y/y. In the BEV market, wholesale volumes o...

News  Updated at: 2026/05/13

ts reliance on imported energy, and on the first count, it is delivering. In 2025, a fifth of all vehicles sold in Europe were electric, while 2026 is forecast to end closer to a quarter. March provided the clearest signal yet as Battery Electric Vehicles (BEVs) outsold Internal Combustion Engines (ICEs) in Germany for the first time, while in Italy, a traditionally ICE-heavy market, BEV sales grew by 66% in Q1 to reach an 18% market share. The p...

News  Updated at: 2026/05/13

Hero MotoCorp, India commits over INR 15 billion capex in FY 2027 On May 6, Hero MotoCorp announced a capex commitment of over INR 15 billion for FY 2027 (ending March), directed primarily at capacity expansion across its scooter, EV, and parts and accessories businesses. On the ICE scooter side, the company has already increased Destini capacity by 50% and is in the process of doubling Xoom capacity, with completion expected within Q1 FY 2027. ...

News  Updated at: 2026/05/11

date, 14 subsidiaries have been established in global countries, including Indonesia, the Philippines, Germany, the Netherlands, Australia, and the UK, to further enhance dealers’ operational efficiency. -          In the European market, Geely Auto Group will adopt a model of dealing in ICE vehicles and NEVs in parallel, and deploy over 1,300 stores. Product plans for markets outside of China -          Multiple models of the...

News  Updated at: 2026/05/11

Toyota Malaysia launches all-new Yaris Cross SUV On May 8, 2026, UMW Toyota Motor (UMWT) launched the all-new Yaris Cross in Malaysia, strengthening its presence in one of the market's fastest-growing segments. Price starts from MYR 99,900.00 for the ICE variant and MYR 109,900.00 for the HEV variant. Designed for urban environments, the SUV will be locally assembled at Toyota's Bukit Raja plant and features the Toyota Safety Sense suite of Advan...

News  Updated at: 2026/05/11