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.
Mahindra's total sales volumes stood at 79,083 in November 2024 with the company's SUV lineup making up a major share of 46,222 units Mahindra has released its sales data for November 2024. Sales of the company's passenger vehicles have improved to 46,222 units which was a 15.16% YoY growth from 39,981 units sold in Nov 2023. This related to a 6,241 unit volume growth. MoM sales however fell by 15.20% when compared to 54,504 units sold in Oct 2024 relating to a decline by 8,282 units. The company has just released two Electric Origin SUVs called the BE6e and XEV9e. Both these models are built on the electric origin architecture INGLO and powered by MAIA. Features of both models have been detailed with several first in segment features and prices have also been released. Deliveries are set to commence from early 2025. Mahindra PV sales were only made up by the company's utility vehicle lineup with no car or van sales in recent months. UV sales stood at 46,222 units in Nov 2024, up 16% over 39,981 units sold in Nov 2023. During the period April to Nov 2024, there had been 3,60,936 units sold, a 21% YTD increase from 2,98,593 units sold in the same period of the previous year. It was the Thar Roxx, Scorpio/N and XUV 700 that efficiently contributed to these increased sales. Across the commercial vehicle (CV) segment, Mahindra has also seen improved overall demand even as LCV<2T sales declined by 24% YoY. Sales of LCVs in this segment dipped to 3,098 units from 4,083 units sold in Nov 2023. Its YTD sales performance also lacked any positivity with a 10% YTD decline to 26,225 units in FY25 from 29,047 units sold in FY24. LCVs in the 2T-3.5T segment grew by 5% YoY to 18,063 units over 17,284 units sold in Nov 2023 while YTD sales were up 2% to 1,43,599 units in the FY25 period from 1,40,361 units sold in the same period of the previous year. Sales of the larger 3.5T LCVs along with MHCVs also improved by 4% YoY to 881 units over 844 units sold in Nov 2023. YTD sales however, suffered a 3% decline to 8,067 units in the FY25 period from 8,278 units sold in the same period of last year. Rising demand for electric vehicles in the country caused Mahindra to report a 22% growth in 3W sales that also included electric models. Sales in this segment stood at 8,043 units last month from 6,568 units sold in Nov 2023 while YTD sales were up by 6% to 58,483 units in the FY25 period from 55,196 units sold in FY24. Mahindra has witnessed a surge in exports last month. Exports went up to 2,776 units in Nov 2024, a 53% YoY growth over 1,816 units shipped in Nov 2023. On a YTD basis as well, exports showed positive results with a 17% growth to 21,009 units in the FY25 period from 17,986 units sold in FY24. Good demand for tractors was also witnessed with the company's Farm Equipment Sector reporting YoY and YTD sales growth. Favourable monsoon season has led to filled reservoirs while a good Rabi crop has seen farmers make a bee line to company showrooms for tractor purchases. In Nov 2024 there were 31,746 units sold in domestic markets, a 2% YoY growth from 31,069 units sold in Nov 2023. Exports saw even higher sales growth by 62% to 1,632 unit exports last month from 1,005 units shipped in Nov 2023. On a YTD basis, tractor sales were by 8% to 3,02,308 units in the FY25 period from 2,79,129 units sold in FY24 while exports grew by 34% to 11,372 units in FY25 from 8,475 units sold in FY24. This took total sales across the tractor segment to 33,378 units in Nov 2024, a 4% growth from 32,074 units sold in Nov 2023. YTD sales also surged 9% to 3,13,680 units in the FY25 period from 2,87,604 units sold in the same 8 month period of the previous year.
New Delhi: India's electric vehicle market witnessed mixed trends in June 2025, with electric cars, two-wheelers, and buses registering growth while sales of passenger and cargo electric three-wheelers declined month-on-month, according to a report by JMK Research & Analytics. Sales of high-speed electric two-wheelers (E2Ws) rose 5 per cent month-on-month to 1,05,282 units in June. The top three players continued to dominate the segment, accounting for about 65 per cent of the total registrations. Passenger electric three-wheeler (E3W) sales stood at 51,698 units in June, showing a 7 per cen ...Read More >
MUMBAI: Electric vehicle (EV) sales in India rose 28.6% to 1,80,238 units in June over the year-ago period, driven by massive jump in e-passenger vehicle volumes, Federation of Automobile Dealers' Association (FADA) said in a statement on Tuesday. Electric passenger vehicle sales, as per FADA data, stood at 13,178 units in the previous month compared to 7,323 e-PVs in June 2024, registering a sharp increase of nearly 80% year-on-year.The e-passenger vehicles' share in the overall electric vehicle market shot up to 4.4% in June 2025 from 2.5% in June 2024, it said.Electric three-wheeler volumes ...Read More >
Patna: In a major policy shift ahead of the upcoming Bihar elections, the state government has implemented a domicile-based reservation system in government jobs, with the 35 per cent quota for women. This means only women who are native to Bihar or those who hold valid domicile certificates will be eligible to claim this quota. Women from other states, who were eligible earlier for the reservation, will now be placed under the general category and will not be given the same reservation. The decision was taken during a cabinet meeting held on Tuesday in Patna, chaired by Chief Minister Nitis ...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 >
PRNewswire New Delhi [India], January 21: SWITCH Mobility Ltd, a part of the Hinduja Group, has unveiled the SWITCH IeV8, a revolutionary electric light commercial vehicle (eLCV) in the 7.2T category catering to mid-mile logistics. Designed with sustainability and operational efficiency at its core, the SWITCH IeV8 is set to transform the logistics sector in India. * H. D. Kumaraswamy, Minister of Heavy Industries and Steel, unveils the SWITCH IeV8, an electric light commercial vehicle (eLCV) designed for mid-mile logistics, at the Bharat Mobility Expo 2025 The SWITCH IeV8, a robust additio ...Read More >
Thiruvananthapuram: Kerala Governor Rajendra Arlekar has written a strongly worded letter to Chief Minister Pinarayi Vijayan, criticising General Education Minister V Sivankutty for walking out of a function held at Raj Bhavan on June 19. The Governor described the incident as a breach of protocol and an insult to the constitutional office. The letter, dated June 26, refers to an awards ceremony for the Bharat Scouts and Guides, where Sivankutty -- who also serves as President of the Association's Kerala chapter -- objected to the presence of a garlanded portrait of Bharat Mata on the stage, ...Read More >
Jaipur, June 30 (SocialNews.XYZ) In a rare and significant weather event, Churu -- a district in Rajasthan renowned for its extreme temperatures -- recorded 85.1 mm of rainfall in the past 24 hours. This marks the highest single-day rainfall ever recorded in June for the city, according to Radheshyam Sharma, Director of the India Meteorological Department (IMD), Jaipur Centre. According to the IMD, this surpasses the previous record of 81.9 mm, registered on June 24, 1988. The data is based on records maintained from 1956 to the present. This exceptional downpour not only highlights the incre ...Read More >
New Delhi: The April-June 2025 quarter saw severe pressure on the domestic car market, with challenges in generating fresh demand as growing geopolitical tensions and concerns over the economy depressed consumer sentiments.Maruti Suzuki, the country's biggest carmaker, reported a 6% decline in first-quarter wholesale numbers as the company dispatched around 3.9 lakh units to dealerships compared to 4.2 lakh units in the same quarter of the previous fiscal.Hyundai experienced a decline of 12%, while Tata Motors also saw a 10% fall in its wholesale numbers.Mahindra & Mahindra and Kia Motors were ...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 >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
Mumbai, July 1 (SocialNews.XYZ) Tata Motors on Tuesday reported an 8.47 per cent decline in total sales as the carmaker sold 2,10,415 units in the April-June quarter of FY26, compared to 2,29,891 units sold during the same period previous year (Q1 FY25). Both commercial and passenger vehicle segments saw a drop in numbers. Commercial vehicle sales stood at 85,606 units, down 6 per cent year-on-year (YoY), while passenger vehicle sales dropped 10 per cent to 1,24,809 units. Domestic sales for Tata Motors in June 2025 also fell 12 per cent compared to June 2024. However, the company saw some ...Read More >
New Delhi: Perhaps you do not know, because Mahindra has once again prepared to make a big bang in the auto market. This time the company is ready to create a big stir on the occasion of Independence Day. The company has prepared to unveil many new concept vehicles and a new platform during its special program Freedom NU in Mumbai. The model that is being discussed the most among these cars is Mahindra Vision T. It can be liked a lot among the customers in the market, which will create a stir among everyone. It can get a good response among the customers. You can know the important updates re ...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 [India], July 1 (ANI): Escorts Kubota Limited reported a 2.2 per cent rise in total tractor sales for June 2025, selling 11,498 tractors compared to 11,245 units in June 2024. According to Escorts Kubota Limited, the company's Agri Machinery Business showed strong export growth, even as domestic sales remained steady. Domestic tractor sales stood at 10,997 units in June 2025, slightly lower than 11,011 units in the same month last year. However, export sales more than doubled, reaching 501 tractors in June 2025 from 234 units in June 2024 -- a growth of 114.1 per cent. The company ...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 >
Mumbai, Dec 11 (PTI) Murugappa Group-run TCI Clean Mobility subsidiary TIVOLT Electric Vehicles on Wednesday said it has signed a pact with EV charging solutions provider Tata Power Renewable Energy Limited (TPREL) to build a charging ecosystem for its electric commercial vehicles. Under the collaboration, Tata Power Renewable Energy will bring its extensive experience in setting up and managing an expansive EV charging infrastructure at strategic locations across the country to TIVOLT dealerships, customer locations, and high-traffic public spaces, the company said in a statement. "This str ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
New Delhi [India], July 1 (ANI): Escorts Kubota Limited reported a 2.2 per cent rise in total tractor sales for June 2025, selling 11,498 tractors compared to 11,245 units in June 2024. According to Escorts Kubota Limited, the company's Agri Machinery Business showed strong export growth, even as domestic sales remained steady. Domestic tractor sales stood at 10,997 units in June 2025, slightly lower than 11,011 units in the same month last year. Also Read | 'Bade Achhe Lagte Hain 4': New Twist, Rishabh's Lie To Protect Bhagyashree Fails, Her Father Discovers the Truth (Read More). However, ...Read More >
The XEV 9e is fast and even in the lower range mode feels smooth along with lots of performance.Source : Somnath Chatterjee Electric cars are different and Mahindra has thrown everything at their new range of EVs in terms of a new electric architecture along with specifications normally seen on luxury cars. The XEV 9e based on the Inglo platform is the bigger and more premium EV which starts at Rs 21.9 lakh while coming with two battery pack options- 59 and 79kwh. The 79 kwh battery pack means 656 km range and 284 bhp which means 0-100 km/h is just 6.8 seconds. The big XEV has lots of road p ...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 >
New Delhi [India], June 6 (ANI): The Federation of Automobile Dealers Associations (FADA) on Friday released vehicle retail data for May, which revealed a modest rise of 5 per cent as compared to the same month last year. Segment-wise, two-wheeler was the best category, which performed, registering a rise of 7.3 per cent on a year-on-year basis, followed by three-wheeler (rise of 6.2 per cent), and the tractor segment registered a gain of 2.7 per cent on yoy basis.On the flip side, the Passenger Vehicle segment, Construction Equipment, and Commercial Vehicle declined by 3.1 per cent, 6.3 per c ...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, Dec 3 (PTI) Mahindra & Mahindra on Tuesday said it is in discussions with InterGlobe Aviation, which owns IndiGo airlines, to find an amicable solution regarding a trademark issue over the use of "6e" in its all-new electric model. The automaker, which introduced two electric brands -- BE 6e and XEV 9e -- earlier this month, said its trademark 'BE 6e' differs from IndiGo's '6E', eliminating any risk of confusion. IndiGo uses 6E as the airline designator code. "We have taken on board the concerns that InterGlobe Aviation Ltd have to infringement of their goodwill, which was not ou ...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 >
PUNE: Automobile dealers clocked a modest rise of 5 per cent year-on-year to 22.12 lakh units in the retail sale of total vehicles in May, buoyed by healthy two- and three-wheeler sales. However, passenger vehicle (PV) sales bucked the trend, slipping 3.1 per cent as rising inventory and cautious consumer behaviour signalled a pause in demand recovery, the Federation of Automobile Dealers Associations or FADA data showed on Friday. The PV registrations last month stood at 3,02,214 units, as compared to 3,11,908 units in May 2024. FADA said that customers delayed purchases in several states d ...Read More >
New Delhi, Jun 27 (PTI) Delhi Chief Minister Rekha Gupta on Friday flagged off 105 new orange-coloured DEVI (Delhi EV Inter-connector) electric buses and inaugurated the newly built Sector A9 depot in Narela, calling it a step towards cleaner and more efficient public transport for the capital. Gupta said the depot was completed in just 90 days and claimed it reflects the BJP government's commitment to deliver on promises made to Delhi residents. She also attacked the previous Aam Aadmi Party (AAP) government, accusing it of pushing Delhi Transport Corporation (DTC) into losses and fostering ...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 >
New Delhi, Jun 30 (PTI) India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical environment, according to Mahindra & Mahindra Group CEO and Managing Director Anish Shah. Addressing shareholders in the group's Annual Report for 2024-25, Shah noted that with its growing infrastructure, young workforce, and favourable policies, India's opportunity to lead the world in manufacturing has never been greater. "The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely p ...Read More >
Mahindra has launched the XEV 9e all-electric coupe-SUV with prices starting at Rs 21.90 lakh for the entry-level One variant. The Indian brand has not revealed the the complete price list yet, but has confirmed the prices are introductory and that the rest of the price range will be revealed in the latter half of January, when the e-SUV shows up in Mahindra showrooms. The XEV 9e is the larger and more expensive of the two all-new born-electric SUVs launched by Mahindra today - the BE 6e priced from Rs 18.90 lakh being the other. Both models are aimed at completely different audiences, but bo ...Read More >