Nitin Kumar

Haryāna, New Delhi

Special Correspondent at Financial Express

Write on #EV #HeavyIndustries #Mining & #Politics Business Standard @bsindia | IIMC Alumnus @iimc_india | Executive Member @IIMCAA

Featured in: Favicon

business-standard.com Favicon

rediff.com Favicon

beamstart.com Favicon

topologypro.one Favicon

financialexpress.com

Articles

Automakers in EV policy to face penalty for missing revenue targets

3 days ago | financialexpress.com | Nitin Kumar

Automakers participating in the electric vehicle (EV) manufacturing policy will need to meet prescribed revenue targets or face financial penalties, according to detailed guidelines released under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). Companies approved under the scheme must generate a minimum revenue of Rs 5,000 crore by the end of the fourth year and Rs 7,500 crore by the end of the fifth year from the sale of eligible electric vehicles.
Tesla not keen to make in India

4 days ago | financialexpress.com | Nitin Kumar

Tesla has decided not to manufacture electric vehicles in India, Union heavy industries minister HD Kumaraswamy said on Monday. While the Elon Musk-led company may explore opening showrooms in the country, it has conveyed no intent to establish a production base under the government’s EV manufacturing scheme. “Tesla is not interested in manufacturing in India, as per the information available with us.
Maruti, Hyundai see dip in May sales

4 days ago | financialexpress.com | Nitin Kumar

The country’s top two car makers, Maruti Suzuki India and Hyundai Motor India, recorded a decline in domestic passenger vehicle sales in May, pointing to persistent challenges in the auto sector, especially in the small car segment. Maruti Suzuki reported a 5% year-on-year drop in domestic sales, with 148,858 units sold in May 2025 compared to 157,184 units in the same month last year.
Two Indian airlines could break into global top 10: VK Mathews

4 days ago | financialexpress.com | Nitin Kumar

VK Mathews, founder and executive chairman of IBS Software, a technology supplier to the global aviation industry, speaks with Nitin Kumar on India hosting the IATA annual general meeting (AGM) after four decades, and what it means for Indian aviation’s future. He discusses why airlines have failed in the past, and the critical role of technology and infrastructure in the sector’s growth. Excerpts:What does the IATA AGM in India signify? It’s a milestone moment.
Flat May for car sales as dealer dispatches inch up just 0.1%

5 days ago | financialexpress.com | Nitin Kumar

Passenger vehicle wholesales saw a marginal uptick of just 0.1% in May, reaching 352,000 units, according to industry sources. The figure, which represents dispatches from manufacturers to dealerships, signals a subdued market as retail sales were down 1% year-on-year, reflecting weak consumer sentiment despite expectations of a pre-monsoon boost.
May auto sales dip 4%, PV segment drives sharp fall

6 days ago | financialexpress.com | Nitin Kumar

Auto sales in May are set to record a year-on-year (YoY) decline of about 4%. As per Vahan data, total vehicle registrations stood at 2.03 million units as of 3 pm on Saturday, compared to 2.11 million units in May 2024—a drop of approximately 4%. The sharpest decline was seen in the passenger vehicle (PV) segment, which fell by approximately 8.6% in May 2025, with sales dropping to 2,80,877 units from 3,07,356 units in the same month last year.
'All 10,900 PM e-Drive buses to hit the roads by 2027,' says HD Kumaraswamy - Electric Vehicles News

1 week ago | financialexpress.com | Nitin Kumar

All 10,900 electric buses sanctioned under the first phase of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM e-Drive) will be deployed by the end of 2027, Union Minister for Heavy Industries HD Kumaraswamy told FE. The government, he emphasised, is committed not only to finalising tenders but also to ensuring timely deployment.
IndiGo to add 10 overseas and 4 domestic destinations in FY26

1 week ago | financialexpress.com | Nitin Kumar

IndiGo, India’s largest airline by market share and fleet size, plans to launch flights to 10 new international and four new domestic destinations in FY26 as part of its network expansion. The international additions will include Manchester, Amsterdam, London, Copenhagen, Siem Reap, Athens, and four destinations in Central Asia. On the domestic front, the airline will add Hindon, Adampur, Navi Mumbai, and Noida to its route network.
Ola Electric loss doubles to Rs 870 crore

1 week ago | financialexpress.com | Nitin Kumar

Ola Electric’s losses more than doubled in the January-March quarter to Rs 870 crore, driven by a sharp revenue decline, mounting operational challenges, and intensifying competition from legacy automakers. The figure far exceeded Bloomberg’s consensus estimate of Rs 407.80 crore net loss. Revenue from operations dropped 56.4% year-on-year to Rs 726 crore, well below the Rs 915 crore expected by Bloomberg.
Not going anywhere: Nissan India MD junks exit rumours

1 week ago | financialexpress.com | Nitin Kumar

Nissan Motor India has dismissed speculation about its exit from the country, reaffirming its long-term commitment to the domestic market with plans to launch three new products starting early 2026. Speaking at a media roundtable on Wednesday, Saurabh Vatsa, managing director of Nissan Motor India, said the company is here to stay and aims to expand both its portfolio and presence in India. “Nissan is not going anywhere. We are staying in India,” Vatsa asserted.