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.
New Delhi: Luxury carmaker Audi on Monday said it will hike prices of its entire model range by up to 3 per cent from January next year, to offset the impact of rising input and transportation costs. The price hike will be effective from January 1, 2025, the German automaker said in a statement. "This correction is essential for the company and our dealer partners to ensure sustainable growth. We remain committed to minimising the impact of the price hike on our valued customers," Balbir Singh Dhillon, Head of Audi India, said. Audi India sells a range of models including A4, A6, Q3, Q5 and Q7 among others. BMW India has also announced price increase of its entire car range by up to 3 per cent from January, 2025. Earlier this month, Mercedes-Benz India had announced to hike prices of its vehicles in India by up to 3 per cent from next month.
New Delhi, Jul 1 (PTI) Luxury carmaker Audi on Tuesday said its half-yearly retail sales declined 63 per cent year-on-year to 2,128 units. The company sold 2,477 units in the January-June period of last year. The brand with the four rings is facing headwinds as slowing demand -- driven by price increases from a weakening exchange rate and heightened market uncertainty amid evolving geopolitical tensions -- continues to impact performance, Audi India said in a statement. However, the company remains confident in the growth of the Indian luxury car market in the forthcoming festive season, dr ...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 >
New Delhi: Mercedes-Benz India on Monday reported record retail sales in the July-September quarter, driven by the highest-ever monthly offtakes in September, including registration of over 2,500 units in the nine-day Navaratri period. The luxury carmaker retailed 5,119 units in the second quarter as compared with 5,117 units in the second quarter of the last fiscal. The company said it sold a record of over 2,500 units in the 9 days of the auspicious festive period, the highest ever for Mercedes-Benz in India. The record retails during the Navaratri period helped the automaker post its hig ...Read More >
New Delhi: Get ready to pay more for new cars. Come Wednesday, prices of some brands will go up as concerns around supply chain and expensive input costs will see companies raise retail prices. Those looking to immediately raise retail prices include mainstream brands such as Tata Motors and JSW MG, while the luxury brigade of BMW, Audi and Mercedes-Benz will also increase prices, especially as they also factor in the impact of rupee depreciation against the Euro. It is yet not clear whether top brands such as Maruti Suzuki, Hyundai, Mahindra & Mahindra and Toyota are planning a similar measur ...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 >
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 >
Mumbai, July 1 (SocialNews.XYZ) German luxury car manufacturer Audi on Tuesday announced the sale of 2,128 units in India in the January-June period this year. According to the automaker, 'Audi Approved: plus', the pre-owned car business, showed resilience with steady performance and grew by 10 per cent in the January-June period (H1 2025). The brand currently has 26 pre-owned car facilities and will be adding more facilities this year. "While H1 2025 presented unique market challenges, we have used this period to strengthen our foundation for sustainable growth. By prioritising a luxury-fi ...Read More >
Mumbai (Maharashtra) [India], July 7 (ANI): Skoda Auto Volkswagen India on Monday announced the addition of Bentley, the legendary British brand, as the sixth marque under the Group's umbrella. From July 1, 2025, Skoda Auto Volkswagen India has been exclusively importing, distributing and servicing Bentley vehicles across the country, deepening the Group's commitment to India's rapidly expanding luxury car arena. Also Read | Ahmedabad Shocker: 21-Year-Old Woman Dies by Suicide After Ex Refuses To Delete Intimate Video in Chandkheda; 1 Arrested, Probe Launched. All marketing, sales, and afte ...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 >
BMW Group India reported a 17% year-on-year (YoY) increase in car sales to 4,567 units in the first quarter of calendar year 2026, signalling relatively stronger traction compared to the broader luxury car market, which continues to see moderate growth amid macroeconomic and geopolitical headwinds. "BMW Group India has entered 2026 in an extremely strong position. We have achieved our highest-ever Q1 sales, registering solid double-digit growth, despite macroeconomic and geopolitical headwinds," said Hardeep Singh Brar, President and CEO, BMW Group India. The growth was led by continued dema ...Read More >
Gurugram, July 8: BMW Group India on Tuesday announced to appoint Hardeep Singh Brar as the President and Chief Executive Officer (CEO), effective from September 1. Brar succeeds Vikram Pawah who is taking charge as Chief Executive Officer of BMW Group Australia and New Zealand, the luxury automaker said in a statement. "India is among the fastest growing markets for BMW Group and an important pillar of our long-term success strategy for the region. Hardeep Singh Brar holds vast expertise and an intricate understating of Indian automotive industry to lead this dynamic market and strengthen BM ...Read More >
THOOTHUKUDI, India (AP) -- Vietnam's Vinfast is due to break ground Monday on 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 sa ...Read More >
Housing sales are expected to dip by 9% Y-o-Y during July-September in top 7 cities, as steep prices, geopolitical tension continue to impact sale in 2025. According to Anarock data, in 2023 and 2024, over 100,000 units were sold every quarter while in 2025, 93,280 units were sold in Jan-March while 96,285 units sold in April-June and in the current quarter, 97,080 units were sold, signalling distress in the sector. But despite a dip in overall sales volume, the total sales value in the period ...Read More >
Gurugram (Haryana) [India], 8 April (ANI): The ongoing West Asia conflict has cast a shadow over India's premium and luxury automobile segment even as the broader car market continues to grow, Hardeep Singh Brar, President and CEO, BMW Group India, told ANI on Wednesday. But with a ceasefire now in sight, Brar said the industry could be poised for a swift and strong rebound. Also Read | Nancy Guthrie Missing Case: Tipster Claims Missing Mother of Savannah Guthrie Is in Mexico's Sonora. While India's total automobile market has grown by around 17 per cent in the January-March Quarter, the lux ...Read More >
Pune: Mercedes-Benz, India's biggest German luxury carmaker, on Friday said its first-quarter sales in India hit an all-time high, rising 10 per cent to 4,238 units, on strong demand for its high-end models and electric vehicles (EVs). The Pune-based automaker said demand for luxury models in India, the world's third-largest car market, has steadily risen over the last few years as rapid economic growth brought about a fundamental shift in attitude towards luxury purchases among its younger generation. Luxury car sales account for a little over 1 per cent of India's 4 million units-a-year ra ...Read More >
Tura (Meghalaya), Aug 4 (PTI) An official of the Meghalaya Agriculture Department was swept away by strong currents of the Ganol River in West Garo Hills district while attempting to cross the water body during a family picnic, police said on Monday. The missing official, identified as Teseng M Sangma, was posted at Ampati in South West Garo Hills district and resided in staff quarters near Dolampong in Araimile police station area in Tura. Teseng had gone to Sella Wari near Ganol River for a picnic along with his family on Sunday, officials said. The incident took place when he tried to cr ...Read More >
Mumbai, July 1: German luxury car manufacturer Audi on Tuesday announced the sale of 2,128 units in India in the January-June period this year. According to the automaker, 'Audi Approved: plus', the pre-owned car business, showed resilience with steady performance and grew by 10 per cent in the January-June period (H1 2025). The brand currently has 26 pre-owned car facilities and will be adding more facilities this year. "While H1 2025 presented unique market challenges, we have used this period to strengthen our foundation for sustainable growth. By prioritising a luxury-first approach and d ...Read More >
Skoda Auto Volkswagen India Private Limited (SAVWIPL) has announced that it will add Bentley to its portfolio in India. Effective 1 July 2025, SAVWIPL will become the exclusive importer, distributor, and service provider for Bentley vehicles across the country. To manage the brand's activities in India, a new entity -- Bentley India -- has been formed under the SAVWIPL group. Bentley India will oversee all marketing, sales, and after-sales operations. Abbey Thomas has been appointed as Brand Dir ...Read More >
THOOTHUKUDI, India (AP) - Vietnam´s Vinfast is due to break ground Monday on 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 say ...Read More >
Mumbai, Aug 4 (PTI) The rupee depreciated 11 paise to 87.29 against the US dollar in early trade on Monday, weighed down by sustained foreign fund outflows and concerns over trade tariffs. Forex traders said the weakness in the dollar index and easing crude oil prices supported the rupee at lower levels. At the interbank foreign exchange market, the rupee opened at 87.21 and fell to an early low of 87.29 against the American currency, registering a decline of 11 paise over its previous close. On Friday, the rupee closed at 87.18 against the US dollar. "Indian Rupee opened at 87.20 level th ...Read More >
Audi has revealed the all-new Q5 Sportback SUV, which, like its predecessor, is essentially a coupe-SUV iteration of the standard Q5. The new Q5 Sportback gets unique design details, more tech, and mechanical upgrades. The new Q5 Sportback looks somewhat similar to the standard SUV when viewed from the front, but that's where the similarities end. It has a sloping roofline and a completely unique rear that compliments its coupe-SUV looks. It has full-width tail-lamps with OLED tech, similar to the standard SUV. The coupe-SUV has a more modern cabin than its predecessor, and there are three e ...Read More >
Gurugram (Haryana) [India], 8 April (ANI): The ongoing West Asia conflict has cast a shadow over India's premium and luxury automobile segment even as the broader car market continues to grow, Hardeep Singh Brar, President and CEO, BMW Group India, told ANI on Wednesday. But with a ceasefire now in sight, Brar said the industry could be poised for a swift and strong rebound. While India's total automobile market has grown by around 17 per cent in the January-March Quarter, the luxury car segment has told a starkly different story -- growing by a mere 3 per cent, a sharp contrast to the post-C ...Read More >
New Delhi, Jul 15 (PTI) As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and ACKO said they have become insurance partners for the American electric carmaker in India. Liberty General Insurance said it has developed a suite of finely tuned protection plans that complement Tesla's engineering and performance excellence while anticipating the distinct needs of EV users. "At Liberty, we're deeply honoured to be among Tesla's preferred insurance providers for the Indian market. We see this as a moment of transformation, not just in how we drive, but in ho ...Read More >
VMPLKolkata (West Bengal) [India], August 19: OSL Prestige, the long-standing dealer partner of BMW India has also been appointed as the new dealer partner for MINI India in West Bengal. With this, MINI has made a strong entry in the eastern region.OSL Prestige showroom has been transformed to Retail.NEXT with immersive showcase of BMW and MINI under one roof. It is a future-forward retail space that not only showcases vehicles but also embodies the brand's commitment to luxury, innovation, and c ...Read More >
Gurugram (Haryana) [India], February 4: BMW Group India has been recognised as a 'Top Employer 2025' by the Top Employers' Institute, for the second year in a row. Being certified as a Top Employer highlights BMW Group India's dedication to a better world of work and exhibits this through excellent Human Resources policies and people practices. Also Read | From Mathys Tel to Nico Gonzalez: Top Five Transfers in Premier League on January 2025 Deadline Day. The certification was result of an extensive survey and audited validation of BMW Group India's Human Resources best practices. The survey ...Read More >
Chennai, Sep 1 (UNI) The Tamil Nadu government today signed MoUs with three German companies securing a total investment of Rs 3,201 crore and creating employment opportunities for about 6,250 persons in the presence of Chief Minister M K Stalin, who later held discussions with senior executives of auto major BMW The MoUs were aimed and the discussions with BMW top officials were aimed at expanding these companies' expansion plans in Tamil Nadu. With the vision of making Tamil Nadu a one trillion USD economy by 2030, the TN Government under the leadership of Mr Stalin is actively taking ...Read More >