Meta Materials Circular Markets (MMCM) organised a conference at the Indian Habitat Centre in New Delhi on 18 December 2023. Nitin Gadkari, Minister of Road, Transport and Highways, unveiled the DigiELV online platform as well as the Automotive Circularity Orchestrator. 
MMCM's Automotive Circularity Orchestrator addresses global environmental concerns by helping collaboration for eco-friendly alternatives. It connects consumers, manufacturers and recyclers to promote sustainability and facilitates seamless data as well as material exchanges. 
The DigiELV online platform – authorised by the Ministry of Road Transport and Highways (MoRTH) – aids lawful trading of Certificate of Deposit (CD) for End-of-Life Vehicles (ELVs). It ensures transparency and rewards sustainable efforts of ELV owners. In the beta phase, the DigiELV platform facilitated trading of more than 800 certificates in the past three months.
Besides the Automotive Circularity Orchestrator and DigiELV, the MMCM also introduced a public educational series on benefits of vehicle scrapping during the programme. The series was shown at the conference to those present and turned out to be quite engaging in the booklet form. It included cartoon stories for kids to encourage parents to take a sustainable action on their vehicles in terms of their scrappage at the end of their life. 
Organised in collaboration with the Material Recycling Association of India (MRAI) and the Policy Times Chamber of Commerce (PTCC), the conference brought together key stakeholders to discuss not just about the DigiELV or the Automotive Circularity Orchestrator but also about the ELV Policy, certificate of deposits, CD Trading, lawful ELV scrapping, need for material traceability and carbon emission reduction through vehicle scrappage waste recycle/circular economy. The launch edition made efforts to spread awareness about vehicle modernisation programme, CD trading on DigiELV and the role of the Auto Circularity Orchestrator in environmental sustainability. 
"The launch of platforms like DigiELV and Automotive Circularity Orchestrator aligns with our commitment to reducing pollution and moving towards sustainable mobility,” said Gadkari 
Gadkari emphasised on moving ahead with the 3E concept, which stands for ecology, environment and economics. He mentioned that the scrappage policy will reduce environmental pollution by approximately 20-25 percent. 
Nitin Chitkara, CEO, MMCM, averred, "Around eight percent of India's total GHG emissions come from the transport sector, and in Delhi it exceeds 30 percent. The 2021 Vehicle Scrappage Policy is a crucial step toward systematically phasing out unfit cars and promoting technologically advanced vehicles to reduce pollution. Our solutions, DigiELV and the Automotive Circularity Orchestrator, aim to revolutionise the automotive industry by promoting sustainability and addressing the pressing issue of automotive pollution.” 
There was no standard scrapping facility available. After the introduction of this, cars would be scrapped properly. Consumers in-turn will benefit by receiving a certificate recognised by the government which they can use to avail a discount on road tax as well as registration fees when buying a new car, he added.

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Stellantis-owned Chinese electric vehicle manufacturer Leapmotor has announced a significant operational milestone, reaching 1.5 million cumulative vehicle deliveries worldwide.

This delivery landmark comes eight months after the company surpassed the 1-million-unit threshold, signalling an upward shift in its global production and sales trajectory.

Since commencing its initial vehicle deliveries in China in June 2019, Leapmotor has maintained a consistent growth trajectory, which has experienced a notable surge over the last two years. It was in June 2019, the company delivered its electric vehicle in China. It reached 500,000 cumulative deliveries in October 2024 and 1 million in October in 2025.

The compression of the timeline between the 1 million and 1.5 million delivery marks was significantly accelerated by the company's formalised global export strategies executed through the Leapmotor International joint venture.

Leapmotor's product strategy relies on a diversified vehicle lineup designed to target distinct global consumer segments. The brand’s portfolio ranges from compact, agile city cars optimised for urban demographics to larger, versatile, family-oriented SUVs and sedans.

By scaling its manufacturing output, the company aims to sustain this momentum across key international markets by focusing on integrated software innovation, engineering efficiency and user-centric design principles to provide accessible electric mobility solutions.

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The Indian passenger vehicle industry is projected to achieve wholesale volume growth of 4–6 percent in FY2027, according to a sector update by credit rating agency ICRA.

Whilst the sector enters the upcoming financial year with demand momentum, the growth rate reflects a moderation compared to previous near-term spikes. The industry's baseline expansion continues to be supported by consumer demand, tax-driven affordability improvements, and a structural shift towards utility vehicles.

Data from May 2026 highlights near-term performance across manufacturing, wholesale allocations and retail customer handovers. Domestic wholesale volumes recorded a 27 percent YoY growth, reaching 440,000 units during the month.

Retail sales volumes outpaced wholesales by expanding 33 percent YoY. This retail growth was driven by consumer fundamentals, the commercial introduction of newly launched models, and an extended summer wedding season. Export volumes rose 13 percent YoY in May 2026, reflecting a supply push by Indian automakers looking to expand market shares across global markets.

The product mix in the Indian automotive market continues to skew towards larger body styles, though policy changes have sparked a recovery in entry-level segments. Utility vehicles continued to command the largest market share, contributing approximately 68% of overall passenger vehicle sales in FY2026. Demand recovery became visible across the mini and compact car categories, which was aided by improving affordability following recent GST rate cuts. The adoption of electric vehicles strengthened further, with EV penetration in the broader passenger vehicle segment rising to nearly 6 percent in early FY2027.

Despite underlying demand fundamentals, ICRA pointed out several headwind factors that could restrict growth or affect consumer sentiment in FY2027. Rising commodity prices threaten manufacturer margins, whilst increasing fuel prices could affect the total cost of vehicle ownership. Furthermore, concerns surrounding a potentially weak or uneven monsoon season remain a risk factor, as agricultural output impacts rural purchasing power and entry-level vehicle sentiment.

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VinFast Auto India, a subsidiary of the global electric vehicle (EV) brand VinFast, has signed a Memorandum of Understanding (MoU) with Tata Capital to establish a comprehensive auto and inventory financing framework for its exclusive dealer network.

The partnership is structured to provide VinFast’s retail partners with customised credit lines to manage working capital requirements, optimise inventory volumes and fund physical network expansion as the brand establishes its commercial footprint in India.

The collaboration bridges VinFast's entry into the Indian automotive space with the expansive fiscal network of Tata Capital, which ranks as India's third-largest non-banking financial company (NBFC).

The dealer financing agreement functions as an operational anchor for VinFast’s broader strategy to build a self-sustaining electric vehicle ecosystem in India. Furthermore, to alleviate consumer hesitation regarding EV depreciation curves, VinFast is launching structural assured resale value programs.

It was just recently that VinFast announced an extension of its free charging program across the V-Green charging network, which will remain active for owners until 31 March 2029.

Tapan Ghosh, CEO, VinFast India, said, “VinFast India is pleased to partner with Tata Capital, one of the most trusted financial services providers in the country, in a collaboration that reflects our shared commitment to advancing electric mobility in India. This partnership will enable us to offer comprehensive financing solutions for our dealer network, thereby supporting greater accessibility, operational ease and long-term growth for the brand. We are confident that their strong pan-India presence and financial expertise will play an important role in enhancing the ownership journey for our customers and partners.”

Narendra Kamath, COO - SME Finance, Tata Capital, said, "India’s transition to electric mobility is gathering significant momentum, creating a growing need for innovative and scalable financing solutions. Through our partnership with VinFast, we aim to empower dealers with tailored financing support that enables business growth and operational efficiency. Together, we are committed to strengthening the EV ecosystem and accelerating the adoption of sustainable mobility across the country."

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Maruti Suzuki India Limited has launched the Smart Maintenance Plan (SMP), a flexible prepaid after‑sales service package aimed at giving existing customers a worry‑free ownership experience. The plan is open to all private and commercial vehicle owners.

Customers can subscribe at the time of vehicle purchase or later during a periodic maintenance visit to any authorised workshop. The plan offers various configurations, including labour‑only, parts and labour, commercial vehicle minor services, customer‑demanded services and engine oil with coolants. Optional wear‑and‑tear coverage for clutch and brake parts is also available.

Subscribers save at least 10 percent on labour costs, with extra savings on parts and consumables, while gaining protection against future inflation. Tenure and mileage options range from two years or 20,000 kilometres up to 10 years or 100,000 kilometres for private vehicles, and 10 years or 160,000 kilometres for commercial vehicles. The plan applies nationwide at any Maruti Suzuki authorised workshop.

Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited, said, “Since inception, our focus has been to deliver complete peace of mind and a truly joyful ownership experience to our customers. As customer expectations continue to evolve towards greater flexibility and personalised solutions, we are introducing the Smart Maintenance Plan. It is a prepaid service offering designed around individual driving needs. Customers can customise service packages while also protect themselves from future fluctuations in service costs by locking in maintenance expenses. Through this initiative, we aim to further enhance convenience, trust and long-term value for our customers.”

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