India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
India's love for small cars is under pressure. Demand for hatchbacks has fallen sharply in the last two years, forcing the industry to rethink. Now reports suggest the government might soften fuel efficiency norms after automakers, especially Maruti Suzuki, raised concerns. If this change goes ahead, it could revive interest in compact cars. Maruti Suzuki remains one of India's top-selling brands, with bestsellers like Alto and WagonR ruling city roads for years. Earlier, these smaller models contributed nearly two-thirds of Maruti's total sales, but that share has now fallen below fifty percent. In the 2023-24 financial year, Maruti sold around 1.7 million vehicles, yet the share of its small cars kept shrinking. Some days ago, news emerged that India was set to make tighter fuel efficiency norms for small cars. But after new industry inputs, the government could dilute these norms. The strongest push was from Maruti Suzuki, which claimed that stringent norms would further cut small car sales. As SUVs have become humongously popular, small cars have been losing their sheen, and that's why a rule revision could be in the offing. According to India's existing Corporate Average Fuel Efficiency (CAFE) regulations, vehicles weighing less than 3,500 kilograms need to remain within carbon dioxide emission limits corresponding to their weight. There is presently a move to relax these targets for vehicles under 1,000 kilograms. This would provide models such as Alto and WagonR the much-needed leeway to survive in the market without sky-rocketing prices in order to achieve tougher targets. Maruti has around ten models with a weight of less than 1,000 kilograms from the overall seventeen, so it stands to gain the most with relaxed regulations. Still, other manufacturers such as Hyundai, JSW MG Motor, Renault, and Toyota also have a few lighter cars, but their quantity is less. These companies might gain too if standards are lowered, but Maruti would gain the most. What Happens Next? Previous rounds of discussion between the government and automakers never suggested distinct rules by size or weight. If officials relax the targets now, it would be a new turn that might be interpreted as pro-Maruti. In the months ahead, how the government and auto firms hammer out a consensus will be worth watching because it will redefine India's small car market in a large way.
NEW DELHI: Strengthening its commitment to green logistics, Maruti Suzuki India Limited dispatched 5.18 lakh vehicles through Indian Railways in FY 2024-25, its highest-ever. The major advantage of railways is that it offers a low-emission and energy-efficient mode of transportation. Besides, it also helps to ease road congestion. Maruti Suzuki currently dispatches vehicles to more than 20 hubs using railways, from where over 600 cities across India are served. Port locations of Mundra and Pipavav, used by the Company for exports, are also served using railways. Hisashi Takeuchi, MD-CEO, M ...Read More >
New Delhi, Jul 2 (PTI) Hyundai Motor India Ltd on Wednesday said its popular SUV model Creta has emerged as the best-selling passenger vehicle in the domestic market in June this year. Creta was the highest-selling model in the country for June 2025 with 15,786 units sold in the month, Hyundai Motor India Ltd (HMIL) said in a statement. Maruti Suzuki India's compact sedan Dzire was the second-best-selling model with 15,484 units in June followed by its compact SUV Brezza with 14,507 units in third, according to industry sources. "Over the last decade, brand Creta has consistently redefined ...Read More >
Ranchi (Jharkhand) [India], August 4 (ANI): The Jharkhand government declared a three-day state mourning, starting Monday, following the passing of the state's former Chief Minister and co-founder of Jharkhand Mukti Morcha, Shibu Soren. "In honour of the late Honourable former Chief Minister-cum-Rajya Sabha MP, the State Government has decided to observe 03 (three) days of state mourning from August 4 to August 6," the message from the Jharkhand government read. Also Read | Kerala Shocker: 47-Year-Old Man Dies by Suicide After Failing to Arrange Funds for Son's Engineering College Admission. ...Read More >
The BE 6e, just as its name sounds, stands out as a futuristic, power-packed, and sporty electric Mahindra SUV on Indian roads. The highly anticipated Mahindra BE 6e, an all-electric compact SUV, has been finally launched at an introductory price of Rs 18.9 lakh (ex-showroom). Globally revealed alongside its sibling, the XEV 9e, this born-electric offering from Mahindra seems to be good enough (on-paper) to position itself as India's answer to luxury compact SUVs from global brands. With its futuristic design, a wealth of modern features, and an impressive power output - the highest in its fa ...Read More >
In an interaction with PTI here, Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a little longer horizon in terms of policies. "So our wishlist for the government is that whatever they decide to put across, it should be for a longer period," Hazela stated when asked about government actions which could propel growth of Indian auto industry. It would be great if there could be uniformity in policies across the country in terms of EVs (elect ...Read More >
HANSALPUR, India, Aug 26 (Reuters) - Japan's Suzuki Motor (7269.T), opens new tab will invest 700 billion rupees ($8 billion) in India over the next five to six years, its chairman said on Tuesday, as production began on the automaker's first electric vehicle. Suzuki is aiming to defend its lead in the world's third-largest car market, which is also its biggest market by sales and revenue through its majority stake in Maruti Suzuki (MRTI.NS), opens new tab. India will be the global production h ...Read More >
PUNE: Maruti Suzuki, India's biggest car exporter, on Monday said it has started exporting its new e-Vitara, Suzuki's first battery electric vehicle, to 12 European countries, marking India's entry into the global electric vehicle market. The exports which started last month reinforcing Maruti Suzuki's position as a global hub for EV manufacturing under the government's 'Make in India, Make for the World' vision. Manufactured at its Hansalpur plant in Gujarat, the automaker shipped 2,900 e-Vitara SUVs in August from Pipavav Port in Gujarat to UK, Germany, Norway, France, Denmark, Switzerland ...Read More >
India's export regulations have been amended by the Directorate General of Foreign Trade, now permitting the export of Second Generation (2G) ethanol. This eco-friendly ethanol, derived from non-food sources like agricultural residues, aligns with sustainability goals due to its low CO₂ emissions. Exports necessitate valid authorization and feedstock certification, impacting ethanol under ITC(HS) Code 22072000. The Directorate General of Foreign Trade (DGFT) on Wednesday updated India's export ...Read More >
Mumbai, Jul 9 (PTI) JSW MG Motor on Wednesday said the global shortage of rare earth magnets, a key component in motors used for electric vehicles, has not impacted its production currently and is unlikely to impact it in the immediate future, but it is keeping a close watch on the developments. The company, which launched its first premium car showroom, MG Select, in Thane in the Mumbai Metropolitan region, also said that the curbs by China on the supply of magnets have been impacting not only the EV makers but ICE (internal combustion engine) powered vehicle makers as well. Also Read | Kol ...Read More >
Need to stay united, must stand up to bullying, says Maruti Chairman RC Bhargava (File image) India needs to come together to deal with the 50 per cent punitive US tariffs on Indian products and stand up to any kind of bullying, Maruti Suzuki India Chairman R C Bhargava said on Thursday at the company's 44th Annual General Meeting (AGM) in New Delhi. "It is our duty as Indians to do our very best to promote and maintain our dignity and respect and not give in to any kind of bullying in this mat ...Read More >
New Delhi: Road transport and highways minister Nitin Gadkari on Friday said the Centre and states could earn up to ₹40,000 crore in goods and services tax (GST) if all the 9.7 million unfit and polluting vehicles in the country are scrapped. A total of 300,000 such vehicles have been scrapped till August, including 141,000 government vehicles, said Gadkari, addressing the annual session of the Automobile Component Manufacturers Association of India (ACMA). "According to our estimate, there are 9.7 million (unfit and polluting) vehicles, which we need to scrap...7 million jobs will be create ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Also Read | SOF NSO Results 2024-25 Out at sofworld.org: National Science Olympiad Exam Result Released, Get Direct Link and Know Steps To Download. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies h ...Read More >
New Delhi: In a move to push its sales of electric vehicles (EVs) in India, for the first time, global EV manufacturer Tesla, led by Elon Musk, is all set to enter the Indian market next week with the inauguration of its maiden showroom at Bandra Kurla Complex in Mumbai on July 15. The carmaker's first offering here will be the Tesla Model Y rear-wheel drive SUVs from its China plant. Ahead of the launch, Tesla has reportedly imported about $1-million worth of cars and merchandise, marking its entry into the world's third-largest car market. These imports are primarily from China and the US. ...Read More >
Thoothukudi, India. Vietnam's Vinfast on Monday began production at a $500 million electric vehicle plant in southern India's Tamil Nadu state, part of a planned $2 billion investment in India and a broader expansion across Asia. The factory in Thoothukudi will initially make 50,000 electric vehicles annually, with room to triple output to 150,000 cars. Given its proximity to a major port in one of India's most industrialized states, Vinfast hopes it will be a hub for future exports to the region. It says the factory will create more than 3,000 local jobs. The Vietnamese company says it scou ...Read More >
Chennai, August 4: Vietnamese Electric Vehicle (EV) major VinFast on Monday officially inaugurated its assembly plant at Thoothukudi in Tamil Nadu, kicking off the move that will see a phased investment of up to Rs 16,000 crore. In its initial phase, the plant has a capacity to assemble 50,000 SUVs of its two premium electric SUV models -- the VF 6 and VF 7. The plant is scalable up to 150,000 units annually to meet the rising demand as the company aims to develop Thoothukudi as an export hub. VinFast sees the plant, backed by Tamil Nadu's robust infrastructure, skilled labour, and port acces ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision ...Read More >
Maruti Suzuki India (MSIL) Chairman R C Bhargava on Thursday said India must "not give in to any kind of bullying" after US President Donald Trump's decision to raise tariffs on Indian imports to 50 per cent this month, urging national unity to uphold dignity and support the government. On the domestic front, he said a reduction in GST on small cars could help counter the economic strain created by these tariff measures. "My hope and my expectation is that subject to approvals by the GST Council, we will see a revival of the small car market, overall faster growth of the car industry, more i ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
The Hyundai Tucson has received 5-star rating on the Bharat NCAP crash test and has become the first Hyundai SUV to do so. The most premium SUV offered by the South Korean manufacturer joins the Mahindra and Tata SUVs in the list of 5 star SUVs offered in India. The Hyundai Tucson scores 30.84 out of 32 in the adult occupant protection. It has scored 41 out of 49 in the child occupant protection. It received OK in the side pole impact test. The model of Hyundai Tucson that was tested by the Bharat NCAP was the top-spec 2.0-litre petrol-AT Signature variant. The particular variant gets six air ...Read More >
New Delhi, Sep 5 (PTI) Tata Motors on Friday said it will cut passenger vehicle prices ranging between Rs 75,000 and Rs 1.45 lakh effective September 22 to pass on the full benefit of GST reduction to customers. The Mumbai-based auto major said that its small car Tiago will see a price drop of Rs 75,000, Tigor Rs 80,000, and Altroz Rs 1.10 lakh. Similarly, the price of compact SUV Punch will come down by Rs 85,000 and that of Nexon by Rs 1.55 lakh. Mid-sized model Curvv would also see a price cut of Rs 65,000, Tata Motors said in a statement. Prices of company's premium SUVs - Harrier and ...Read More >
New Delhi [India], September 15 (ANI): Japanese cars could end up being sold at lower prices than South Korean cars, such as Hyundai Motor Co., in the American market when US tariffs on Japanese automobiles drop from 27.5 percent to 15 percent on Tuesday.As per a report by Pulse, the English service of Maeil Business Newspaper Korea stated that the Korean vehicles, still subject to a 25 percent tariff amid stalled tariff negotiations between Seoul and Washington, could become more expensive than competing Japanese brands.Citing the multiple sources from the automobile industry on Sunday the re ...Read More >
New Delhi, Oct 1 (PTI) Maruti Suzuki India on Wednesday reported a 3 per cent year-on-year increase in total sales at 1,89,665 units in September. The auto major sold a total of 1,84,727 units in the same month last year. "The GST reform has significantly improved the customer sentiment as reflected in the highest-ever deliveries of 1,65,000 units (first 8 days) during the ongoing Navratri festive period," Maruti Suzuki India (MSI) said in a regulatory filing. Total domestic passenger vehicle dispatches to dealers were at 1,32,820 units compared to 1,44,962 units in the year-ago month, a di ...Read More >
New Delhi, Oct 3 (SocialNews.XYZ) India's economy witnessed its highest Navratri sales of consumer goods in over a decade, propelled by the government's next-gen GST reforms that reduced tax rates and made products more affordable for the consumers. These measures not only lowered prices but also unlocked consumer aspirations, enabling families to upgrade vehicles, invest in home appliances, and spend more freely on lifestyle goods, turning festive cheer into record-breaking consumption, as per the data. Leading car maker Maruti Suzuki clocked a 100 per cent growth in Navratri, which doubled ...Read More >
New Delhi: India's passenger vehicle market witnessed varied performance across major automakers in November 2024. While Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year growth, Hyundai faced challenges in its domestic market. Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during the month. This marked an increase from 134,158 units sold in November 2023. However, the company's sales in October 2024 were higher at 159,591 units, indicating a month-on-month decline. In November 2024, Maruti ...Read More >
Pune: Maruti Suzuki, India's biggest car maker, on Friday said it aims to be the largest producer of electric vehicles in the country and make India the export hub over the next one year. The Japanese giant will take on EV market leader Tata Motors, Mahindra and MG Motor in the electric car game in the country. To realize its goals Maruti Suzuki, which unveiled its first electric SUV e-Vitara at the Bharat Mobility Global Expo 2025 in New Delhi on Friday, will introduce a range of six electric vehicle models by 2030. Suzuki Motor Corporation representative Director and President Toshihiro S ...Read More >
Pune, January 27, 2022: In tune with their "Sportification of India" theme, Tata Motors, India's leading multinational automobile manufacturer will continue to proactively support the Tata Open Maharashtra tennis tournament, for the fourth consecutive year, from January 31 to February 6, 2022, at the Balewadi stadium here. This year, India's safest hatchbacks, Tata Altroz on its second anniversary, will be the lead car from Tata Motors Passenger Vehicles. The Tata Open Maharashtra, South Asia's only ATP (Association of Tennis Professionals) tournament and the country's oldest sporting interna ...Read More >
Mumbai : Tesla's long awaited India debut finally took place with chief minister Devendra Fadnavis inaugurating its showroom in Mumbai on Tuesday. The Elon Musk-led car maker unveiled its Model Y compact all-electric SUV at its 'Experience Centre' in Bandra-Kurla Complex with the CM describing it as the "right city and the right state" for the launch."Mumbai stands for innovation and sustainability. In 2015, when I went to the US, I had my first ride in a Tesla, and then I thought we need such a vehicle for mobility in India. But it took 10 years for it to come to India. But we are very happy ...Read More >
Syros will be the 7th car from Kia in India after Sonet, Carens, Seltos, Carnival, EV6 and EV9 Kia has officially announced that the global debut of its highly anticipated compact SUV, Syros, will take place on December 19. After multiple teasers, this announcement adds to the excitement around Kia's latest offering, which is set to bridge the gap between the popular Sonet and Seltos in the brand's lineup. Designed to cater to the evolving needs of Indian customers, Syros aims to be a game-changer in the fiercely competitive compact SUV segment. The Syros is already drawing attention with it ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies have been invited to the deliberations, they added. Earlier in March last year, the government rolled out an electric-vehicle policy, under which duty ...Read More >
New Delhi, June 27: Mahindra Scorpio N with ADAS is launched in India with tech upgrade for the vehicle. The new update introduces Level 2 Advanced Driver Assistance Systems (ADAS) suite, which is now available on the Z8L trim and a newly added Z8T variant. Mahindra Auto aims to boost safety and convenience for its passengers through this upgrade. The ADAS features in the Mahindra Scorpio N will be available in manual and automatic variants. Mahindra has also introduced a new Z8T trim, priced at INR 20.29 lakh (ex-showroom). The Scorpio-N Z8L ADAS variant starts at a price of INR 21.35 lakh ( ...Read More >