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Hero Motors Ltd IPO to Open on Sept 16, Price Band Set at ₹79–84 Per Share
Hero Motors Ltd Chairman Pankaj Munjal speaks about the company's history and competitive position at the pre-IPO announcement. Hero Motors Ltd, the automotive components and OEM business of the Hero Group, has announced details of its ₹1000-crore IPO, set to list on the BSE and NSE on September 16. The company says it aims to raise ₹600 crore through the issue of fresh equity shares, while another ₹400 crore will come from an offer-for-sale of existing promoters’ holdings. ₹395 crore will...
India Plans Ethanol Blending Beyond E20 With Flex-Fuel Vehicles
The milestone highlights nearly three decades of powertrain collaboration between the two companies in India. The Centre is mulling to allow ethanol blending at levels higher than the current E20 limit, with flex-fuel vehicles likely to provide the technological basis for using higher ethanol concentrations, Tarun Kapoor, advisor to the Prime Minister, has said, news agency PTI reported.Speaking virtually at the fourth edition of The India Sugar & Bio-Energy Conference 2026, Kapoor said the E20 programme had been "very successful" so...
Mercedes-Benz To Launch Locally Made GLC Electric In India By Year-End
Bookings for the German carmaker's first ground-up electric SUV in the segment open soon, with local assembly cutting the wait to just six months after its European debut. Mercedes-Benz will open bookings for the GLC Electric in India soon, with the SUV going on sale before the end of 2026, the company has announced. Unlike previous electric models sold in India as imports, the GLC Electric will be locally assembled from launch. The move is notable for its speed. Mercedes-Benz has said...
New-Gen Audi Q3 India Launch Confirmed For October 16
The new-generation Audi Q3 will arrive on October 16, 2026, with pre-bookings already open for the luxury SUV for an amount of ₹1 lakh. Having debuted the hotly anticipated new-generation Q3 SUV recently, Audi India will be launching the SUV on October 16, 2026. The third-generation Audi Q3 is all set to arrive in a completely new avatar. It marks the start of a new era and strategy for Audi, with more global models to follow soon. We recently checked out...
Honda Elevate Facelift Launch Likely in October 2026
The Honda Elevate SUV could get a fresh look and more features ahead of the festive season. Industry rumours suggest that Honda Cars India is preparing to soon launch a refreshed version of its Elevate midsize SUV, with the updated model anticipated to arrive in showrooms during the first week of October.If true, the upcoming launch is strategically timed to capitalise on peak festive season demand and revive sales momentum for the Japanese automaker in the competitive domestic market. The facelift...
Employee Fraud At Ola Electric Subsidiary Flagged By Auditors, Second Such Case
Ola Electric's secretarial audit report states that the statutory auditors reported the two suspected employee frauds to the central government through e-form ADT-4 filings dated July 9, 2025, and June 4, 2026. The FY2026 annual report released by Ola Electric has disclosed a second suspected employee fraud at its wholly owned subsidiary Ola Electric Technologies Pvt Ltd (OET). The auditors reported two such offences involving more than ₹1 crore. The OET’s secretarial audit report states that the statutory auditors reported the...