Reliance New Energy is set to launch battery-swapping services for electric two-wheelers, targeting the delivery and logistics sector. The company has secured ARAI certifications for batteries and vehicles, with initial trials planned for its own fleet before a potential commercial rollout by FY27.
A fire in a five-storey residential building in southeast Delhi's Govindpuri killed 3 family members and critically injured 2 others, with residents using sarees to escape through windows amidst flames and smoke.
India's heavy industries ministry plans to significantly increase subsidies for electric two-wheelers under the PM E-Drive scheme to promote clean mobility and reduce oil import dependence. The scheme has already subsidized 2.35 million vehicles, and further funding is being sought despite a lower allocation for FY27.
Popular streamers JasonTheWeen, Marlon, and StableRonaldo are facing backlash after a clip showed them disregarding traffic laws on motorized two-wheelers. The video captured them running a red light and failing to fully stop at a stop sign, with viewers also noting the absence of helmets. This incident has ignited discussions about streamer accountability and road safety.
India's auto retail market showed broad-based strength in April with two-wheeler sales rising 14% year-on-year, outpacing passenger vehicles at 11%. Commercial vehicles grew 17% while three-wheelers surged 34%, indicating strong recovery in last-mile mobility. Electric two-wheelers captured 7.3% market share and electric cars 5.7%, though internal combustion engines still dominate overall volumes.
Narendra Solanki of Anand Rathi Shares & Stock Brokers advises investors to separate durable compounders from one-off performers in Q4 earnings. He prefers two-wheelers and commercial vehicles over passenger vehicles, picks ICICI Bank and Axis Bank in private banking while watching HDFC for turnaround, and advocates a 3-5 year view on defence stocks. He remains positive on Bajaj Finance (22% loan growth, ROAs above 4%) and sees Jio IPO as key catalyst for Reliance.
