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.
Ola Electric continued to dominate the market in November as well and maintained market leadership, followed closely by TVS Motor and Bajaj Auto The domestic Electric Two-Wheeler (E2W) market continues its upward sales trajectory with annual sales exceeding the milestone of one million in November 2024. As per the data available on Vahan, E2W registrations went up by nearly a 30 percent YoY (year-on-year) in November 2024, reaching 1,18,944 units The country's e2W sales for the first 11 months of the year were at 10,74,041 units, up by nearly 37 percent from 7,84,532 units logged during the corresponding period last year, Vahan data showed. Ola Electric continued to dominate the market in November as well and maintained market leadership, followed closely by TVS Motor and Bajaj Auto. The Bangalore-based EV startup saw its marketshare drop to 24.54 percent in November. On a Month-on-Month (MoM) basis, the Bhavish Aggarwal-led firm's total sales declined by 32 percent to 10,284 units in November 2024.
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 >
NewsVoirNew Delhi [India], August 21: TVS Motor Company, a global leader in two and three-wheeler manufacturing, today launched the TVS King Kargo HD EV - engineered for the evolving needs of the urban and semi-urban logistics segment. The TVS King Kargo HD is purpose-built to combine cutting-edge technology, robust design, performance and reliability. The company also showcased the TVS King Kargo HD CNG variant, which will be launched before the end of the calendar year '25.The TVS King Kargo HD EV is designed to elevate safety, comfort, and connectivity for last-mile delivery operators. It i ...Read More >
New Delhi, Jun 6 (PTI) Interest-rate-sensitive stocks were in huge demand on Friday, with the realty index climbing nearly 5 per cent as investors cheered the Reserve Bank's jumbo rate cut of 50 basis points. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. The RBI's six-member monetary policy committee, headed by Governor Sanjay Malhotra and consisting of three external ...Read More >
JAMMU, June 6: For establishing "POWERGRID Centre of Excellence" at PEC, Chandigarh under CSR, Power Grid Corporation of India Limited (POWERGRID) today signed an MoU with Punjab Engineering College (PEC), Chandigarh, a deemed university. The MoU was signed, in an high profile event, by Tarun Bajaj, executive director (Northern Region-II) on behalf of POWERGRID and Prof Rajesh K Bhatia, director (ad-interim) on behalf of PEC in the presence of Rajeev Verma, chief secretary, Chandigarh -UT, R K Tyagi, chairman & managing director, POWERGRID and Prerna Puri, secretary education, Chandigarh Admi ...Read More >
The GST 2.0 impetus coupled with the festive sentiment gave a fillip to automotive retail in October to record highs, though dealers now expect momentum to moderate as the post-festive phase sets in. October 2025 will go down as the month that redefined records for India's automobile retail industry. The Federation of Automobile Dealers Associations (FADA) on Friday reported that total vehicle registrations surged a whopping 40.5 per cent year on year to 40.24 lakh units, marking the highest-eve ...Read More >
New Delhi: Electric cars and two-wheelers clocked record monthly sales in March as customers advanced purchases amid aggressive promotions and fears of fuel and vehicle price hikes in FY27. Electric car registrations -- a proxy for retail sales as carmakers report only dispatches to dealers -- rose 49% on-year to 19,711 units in March, while those of electric two-wheelers surged 36% to 177,485 units, Vahan portal data on Tuesday showed. Also Read: India's EV transition must be inclusive, economically sustainable, says HD Kumaraswamy Momentum may Continue The previous monthly high for elect ...Read More >
It has a 156 km range and costs Rs 3.85 lakh. A CNG version is also planned. The company will first launch in Delhi-NCR, Bengaluru, Gujarat and Maharashtra. TVS expects EVs to dominate 60% of the three-wheeler market by 2030. TVS Motor Company on Thursday expanded its electric commercial vehicle range with the introduction of a three-wheeler for the cargo segment. The company had forayed into the electric three-wheeler segment earlier this year with the launch of the King EV MAX to cater to the ...Read More >
New Delhi, Apr 7 (PTI) Total electric vehicle retail sales in India grew by 24.6 per cent at 24.52 lakh units in FY26 as compared to the previous fiscal, with every category delivering strong double-digit growth, Federation of Automobile Dealers Associations said on Tuesday. While electric two-wheelers crossed 14 lakh units, electric passenger vehicle retail sales missed the 2 lakh units by a whisker but surged 83.63 per cent in FY26, FADA said in a statement. "FY'26 has been a watershed year for India's electric mobility story. Total EV retail across two-wheelers, three-wheelers, passenger ...Read More >
Mumbai: A swelling supply glut of ethanol is forcing policymakers and industry to look beyond car and two-wheelers to spur consumption of the renewable fuel. This includes ethanol-powered cooking stoves and diesel blends to generators and flex-fuel vehicles. Pilot projects are already starting to unfold. Ethanol-based cooking stoves are being tested as a cleaner household alternative, while blending the biofuel with diesel and using it in backup generators is under discussion. Early trials are also being run of ethanol-blended diesel buses of Karnataka State Road Transport Corporation to asc ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
Bengaluru : TVS Motor Company recorded monthly sales of 402,001 units in June 2025 with a growth of 20% as against 333,646 units in the month of June 2024. Two-Wheeler Total two-wheelers registered a growth of 20% with sales increasing from 322,168 units in June 2024 to 385,698 units in June 2025. Domestic two-wheeler registered growth of 10% with sales increasing from 255,734 units in June 2024 to 281,012 units in June 2025. Motorcycle registered a growth of 24% with sales increasing from 152,701 units in June 2024 to 188,774 units in June 2025. Scooter registered a growth of 26% with sale ...Read More >
Bengaluru: Ola Electric is reshaping both pricing and sales strategy as demand accelerates sharply. Ola Electric has reduced the price of its flagship Roadster X+ 9.1 kWh from Rs 1,89,999 to Rs 1,29,999, a drop of Rs 60,000. The company attributed the reduction to improved cost efficiencies achieved through scaling production of its indigenously developed 4680 Bharat Cell at its Gigafactory. The company is moving away from open sales to a controlled, time-bound purchase model. The first purchase window is scheduled for April 03, 2026, between 6:00 PM and 9:00 PM, with future windows to be an ...Read More >
BENGALURU: What was once billed as India's challenger to global giants in artificial intelligence and semiconductors has quietly dwindled into a shadow of those ambitions. Krutrim, the AI venture founded by Ola's Bhavish Aggarwal, is now largely sustained by his personal wealth and loans tied to his Ola Electric stake, with most of its marquee projects abandoned. "The money that was raised from Z47 (formerly Matrix Partners India) is long gone," said a senior executive familiar with the company's finances. "At its peak, Krutrim was burning through at least $4-5 million every month. None of it ...Read More >
New Delhi, October 20: The Bengaluru police have registered a case of abetment to suicide against Ola founder and CEO Bhavish Aggarwal and senior executive Subrath Kumar Das after an employee allegedly took his own life. The deceased, 38-year-old K Aravind, is said to have left behind a 28-page death note in which he accused his seniors of workplace harassment. Police said the case was filed following a complaint by Aravind's brother, Ashwin Kannan. According to officials, the FIR names Bhavish Aggarwal, Subrath Kumar Das -- who heads Vehicle Homologations and Regulation at Ola -- and others ...Read More >
Pune: A huge fire took place in the wee hours of Tuesday, as over 50 electric vehicles inside the Garve Bajaj showroom in Pimpri-Chinchwad's Wakad were burnt and destroyed completely. The incident happened around 2 am on Tuesday, and it took the fire brigade over two hours to douse the fire. No injuries or casualties were reported. Speaking to The Free Press Journal, Fire Officer Gautam Ingawale said, "We received the call around 2 am in the morning. Five vehicles from Pimpri-Chinchwad Main Fire, Rahatani, Nehru Nagar, and Thergaon Fire Stations responded swiftly. The showroom was by the main ...Read More >
New Delhi [India], August 21: TVS Motor Company, a global leader in two and three-wheeler manufacturing, today launched the TVS King Kargo HD EV - engineered for the evolving needs of the urban and semi-urban logistics segment. The TVS King Kargo HD is purpose-built to combine cutting-edge technology, robust design, performance and reliability. The company also showcased the TVS King Kargo HD CNG variant, which will be launched before the end of the calendar year 25. The TVS King Kargo HD EV is designed to elevate safety, comfort, and connectivity for last-mile delivery operators. It introduc ...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 >
NEW DELHI: Rahul Gandhi, who is on a four-nation tour of South America, posted a picture on X from Colombia, standing in front of a Bajaj Pulsar motorcycle. He praised Indian two-wheeler manufacturers Bajaj, Hero, and TVS for their success in Colombia, saying it shows Indian companies can succeed through innovation, not cronyism. "Proud to see Bajaj, Hero & TVS do so well in Colombia. Shows Indian companies can win with innovation, not cronyism. Great job," the Leader of Opposition in the Lok Sabha wrote in his post. Earlier, addressing a seminar titled 'The Future is Today' at EIA Universit ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
With India's gig economy projected to double in size, reaching over 10 million workers in the coming years, Ola Electric unveiled its new line of budget-friendly e-scooters, starting at under Rs 40,000. Photograph: Courtesy, Ola Electric The market responded positively, with Ola Electric's stock rising by 5.67 per cent, closing at Rs 73.47 on the BSE. The new range includes the Ola Gig, priced at Rs 39,999, specifically designed for gig workers making shorter trips. The S1 Z series starts at Rs 59,999, offering an affordable alternative to the original S1 model. Ola Electric chief executi ...Read More >
Chandigarh: Power Grid Corporation of India Limited (POWERGRID) has partnered with Punjab Engineering College (deemed to be university), Chandigarh, to set up a state-of-the-art POWERGRID Centre of Excellence at PEC. The centre will offer advanced training and research facilities in power and energy engineering, strengthening hands-on learning and industry-relevant skills for students and faculty.The MoU was signed Friday by POWERGRID ED Tarun Bajaj and PEC director Rajesh Kumar Bhatia in a cerem ...Read More >
New Delhi, Oct 16 (PTI) Ola Electric on Thursday said it has forayed into the country's Rs 1 lakh crore battery energy storage systems market, which is projected to grow to over Rs 3 lakh crore by 2030. The company has launched Ola Shakti, its first residential Battery Energy Storage System (BESS) solution. "India doesn't face an energy shortage; it faces an energy storage opportunity. With Ola Shakti, we are turning that opportunity into energy independence," Ola Electric CMD Bhavish Aggarwal said. The company has built world-class battery and cell technology for electric mobility, and Ola ...Read More >
Chennai, Mar 12 (PTI) Two and three wheeler maker TVS Motor Company has expanded its electric vehicle portfolio with the launch of electric scooter TVS Orbiter V1 equipped with 1.8 kWh battery, a top official said on Thursday. The Chennai-headquartered company had launched TVS Orbiter in 2025 and with today's launch, the range would be available in two variants - "Orbiter V1" with 1.8kWh battery and "Orbiter V2" with 3.1 kWh battery. The Orbiter V1 will be available at Rs 49,999 (ex-showroom Delhi) which includes Battery-As-A-Service (BaaS) model. Customers opting for without Battery-As-A-Se ...Read More >
NEW DELHI: India's electric vehicles sales crossed a record 20 lakh-unit mark for the first time, as significant numbers in two- and three-wheelers and growing volumes in cars added strength to the greens.According to retail sales numbers released by Federation of Automobile Dealers' Association (FADA), a total of 24.5 lakh units of EVs were sold in FY26 against 19.6 lakh units in the previous fiscal, registering a growth of around 25%.A large part of the volumes came in from two-wheelers, led by brands such as TVS, Bajaj Auto, and Ather. A total of 14 lakh electric two-wheelers were sold in F ...Read More >
With India's gig economy projected to double in size, reaching over 10 million workers in the coming years, Ola Electric unveiled its new line of budget-friendly e-scooters, starting at under Rs 40,000. Photograph: Courtesy, Ola Electric The market responded positively, with Ola Electric's stock rising by 5.67 per cent, closing at Rs 73.47 on the BSE. The new range includes the Ola Gig, priced at Rs 39,999, specifically designed for gig workers making shorter trips. The S1 Z series starts at Rs 59,999, offering an affordable alternative to the original S1 model. Ola Electric chief executi ...Read More >
Bengaluru: TVS Motor Company posts highest ever operating revenue of Rs. 11,905 Crores registering a growth of 29% for the quarter ended September 2025 as against Rs. 9,228 Crores reported in the quarter ended September 2024. The Company posted its highest ever Operating EBITDA of Rs. 1,509 Crores registering a growth of 40% for the quarter ended September 2025 as against EBITDA of Rs. 1,080 Crores in second quarter of 2024-25. Company's operating EBITDA margin improved by 100bps at 12.7% as against 11.7% in the quarter ended September 2024. The Company's Profit Before Tax (PBT) grew by 37% ...Read More >
New Delhi [India], April 1 (ANI): India's export growth shall remain positive for most OEMs despite a hit on Middle East exports and container availability issues, as per a report by Nuvama Institutional Equities. "We maintain our constructive view on the automobile sector with healthy sales growth prospects for FY26-28E," the report said. The wholesale uptrend is expected to continue in Mar-26 despite production constraints. This momentum is largely driven by enduring positive customer sentiments spurred by "better affordability, new products and adequate finance availability." The two-whe ...Read More >
Arvind left a 28-page note alleging workplace harassment. His brother claimed the company paid ₹17 lakh posthumously, raising concerns of a cover-up. The Bengaluru police has booked Ola Electric's head for vehicle homologations & regulations, Subrat Kumar Dash, and founder Bhavish Aggarwal in connection with the suicide of their colleague K Aravind. A homologation engineer at the company's Koramangala office, 38-year-old Aravind ended his life on September 28 by consuming poison. His friends ...Read More >
Housing sales across India's top eight cities saw a slight increase in the July-September quarter. New housing unit launches also grew compared to the previous year. Demand in premium segments remains strong. However, affordable housing faces challenges due to price rallies. Developers are encouraged to boost supply in this vital segment to improve affordability for end-users. Sales of residential properties across the top eight cities rose slightly to 96,827 units in July-September on strong de ...Read More >
Ola Electric aims to expand its store network fourfold to 4,000 locations by December 2024. The plan includes co-locating stores with service facilities and onboarding 10,000 partners by 2025, extending its reach beyond major cities. Currently, Ola operates 800 stores. Ola Electric announced ambitious plans on Monday to significantly expand its company-owned store network. The electric vehicle manufacturer aims to quadruple its number of outlets to 4,000 by December 20, 2024. The company, which currently operates 800 stores, intends to open an additional 3,200 locations. Ola Electric emphasi ...Read More >