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.
HMSI reported strong domestic and export figures in November 2024 and also marked their entry into the electric mobility segment with Activa e: and QC1 Honda Motorcycle & Scooter India (HMSI) has reported a 5.56% YoY growth with both domestic sales and exports on the rise. The company sold a total (domestic + exports) of 4,72,476 units in Nov 2024, a 24,900 unit volume increase over 4,47,849 units sold in Nov 2023. Its month-on-month (MoM) sales however, saw a drastic decline by 20.91% from 5,97,711 units sold in Oct 2024. Honda sales in Nov 2024 were boosted by models such as the Activa, Shine and Duo with 4,32,888 units sold in domestic markets. This was a 2.90% YoY growth over 4,20,677 units sold in Nov 2023. It related to a 12,211 unit volume increase with domestic sales commanding a 91.57% share. Exports of the company also improved dramatically by 46.70% in Nov 2024. The company exported 39,861 units last month, a substantial improvement over 27,172 units shipped in Nov 2023. Exports hold an 8.43% share. Following outstanding performance on a YoY basis, Honda suffered a massive MoM decline in sales post the festive season. In domestic markets, sales dipped by 21.74% from 5,53,120 units sold in Oct 2024. This related to a 1,20,232 unit volume de-growth. However, a more optimistic future is predicted with introduction of the new Activa e: and QC1 in the electric two wheeler segment and a bevy of upcoming bikes in the larger segment being planned for launch in a phased manner through 2025. Exports too suffered a MoM setback by 10.61% as there had been 44,591 units shipped in Oct 2024. This was a 4,730 unit volume decline. With lower domestic sales and exports, total sales went down by 20.91% MoM to 4,72,749 units. This was a 1,24,962 unit volume decline when compared to 5,97,711 units sold in Oct 2024. Keen to compete efficiently in the growing electric two wheeler market in India, Honda unveiled two new offerings in Nov 2024. The Activa e: and QC1 marked their entry into the electric arena. Bookings for Activa e: and QC1 are scheduled to commence from January 1, 2025 while deliveries are slated to be effected from February 2025. In order to ensure quicker deliveries, Honda's new electric scooters will initially rolled out in cities of Delhi, Mumbai and Bengaluru. A roll out in a phased manner is being planned to other cities at a later stage. Both the e-scooters will be sold via Red Wing dealerships and a separate space exclusively for electric scooters has been created. Honda also plans to expand their portfolio to include larger bikes in the 650cc, 750cc and 1000cc segments. These will include the CB 650R, CBR 650R, CB 750 Hornet, CB 1000 Hornet and X-ADV maxi-scooter. Each of these bikes are planned for launch sometime in 2025. Each of these bikes are expected to come in as CBU (completely built-up) products and will be exclusively on sale via the brand's BigWing Topline dealerships. Premium pricing is expected considering the higher taxes and duties.
Bengaluru, 4th December 2024- PURE EV, one of India's leading electric two-wheeler manufacturers, has unveiled an ambitious roadmap to strengthen its presence nationwide and expand globally while introducing innovative solutions for sustainable mobility. Over the next 30 months, the company aims to add 250 new dealerships, taking its total network to over 320 across India. The expansion will be driven by the growing demand for long-range scooters, electric motorcycles, large B2B contracts, and the company's entry into the house-hold brand space. Dr. Nishanth Dongari, Founder & MD of PURE EV, ...Read More >
New Delhi: Electric vehicle maker Kinetic Green on Friday said it plans to expand its business with the launch of three e-scooters over the next 18 months. The first of the three new products is expected to be launched around the festive season this year, the Pune-based firm said in a statement. Kinetic Green has partnered with Italy's Torino Design to co-create a new range of ultra-futuristic scooters, it added. "Having sold over 80,000 E2Ws in this initial phase, created a strong manufacturing infrastructure and a network of 400 exclusive dealers for E2W in the country, we are ready to agg ...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, June 2: The Hero Vida VX2 electric scooter has been launched in India at a starting price of INR 59,490 (ex-showroom) for Go Variant with BaaS. The Hero VX2 Plus variant starts at INR 64,990 with BaaS. Vida VX2 is the most affordable e-scooter launched by Hero MotoCorp in its Vida series. However, the Indian two-wheeler company only offers the Hero Vida VX2 e-scooter at the INR 59k price, i.e., without including the battery. Interested customers can opt for a battery subscription module. As a part of Hero MotorCorp's BaaS (battery-as-a-service), customers must subscribe to battery ...Read More >
Passenger car exports grew 20.5 per cent to 1,25,513 units in the second quarter as against 1,04,196 units in the September quarter of last fiscal. Automobile exports from India rose 26 per cent year-on-year in September quarter driven by highest-ever shipments of passenger vehicles, two-wheelers and three-wheelers during the period, as per the latest data released by industry body SIAM. Passenger vehicle exports grew 23 per cent to 2,41,554 units in September quarter as against 1,96,196 units ...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: The Indian auto industry has clocked its highest-ever wholesales for any October, with all major segments, passenger vehicles, two-wheelers, and three-wheelers registering record despatches. This sharp uptick was driven by festive demand during Navratri and Diwali, along with the impact of reduced Goods and Services Tax (GST) rates that kicked in late September. As per the latest data from the Society of Indian Automobile Manufacturers (SIAM), strong dealer push across urban and rural markets helped vehicle makers hit new highs in despatch volumes. Passenger vehicles (PVs) emerged ...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 >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...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 >
Gurugram (Haryana) [India], July 15: Following a successful debut at the Bharat Mobility Global Expo earlier this year, VinFast Auto India -- the Indian subsidiary of global electric vehicle leader VinFast -- has officially opened bookings today for its premium electric SUVs, the VF 7 and VF 6, across the Indian market. Also Read | Aadhaar Free Update: Government Requests Parents to Update Children's Aadhaar Biometrics Between Age 5-7, Free of Cost. These models will be officially launched for public sale in August, following the inauguration of the company's plant in Thoothukudi, with deliv ...Read More >
The dealership marks the company's entry into the retail network for electric scooters, signalling its broader nationwide expansion plans. Kinetic Watts & Volts Ltd., the electric vehicle arm of the Kinetic Group, on Thursday inaugurated its first exclusive EV dealership in India at Tingre Nagar, Pune. The new 3S (Sales, Service and Spares) facility marks the company's entry into the retail network for its electric scooters and signals the start of its national expansion plan. The dealership, s ...Read More >
Pune (Maharashtra) [India], April 2: EKA Mobility, a leading electric vehicles and technology company, today announced a strong 5X year-on-year volume growth in FY 2025-26, with 1,143 units sold and 1,344 electric commercial vehicles produced. This milestone comes on the back of the company's comprehensive electric vehicle portfolio across segments. During the year, EKA entered the M&HCV truck segment, in addition to its existing bus and SCV portfolio. The company is a Champion OEM under the Auto PLI Scheme and has achieved certification across multiple platforms. Also Read | Dubai Gold Rate ...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 >
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 >
Gurugram (Haryana) [India], April 2: VinFast has officially opened bookings for the VF MPV 7, a premium seven-seater electric MPV designed for Indian customers. With its spacious interior, smart technology, and strong practicality, this third VinFast model in the market is expected to fully meet everyday mobility needs with outstanding value proposition. It also reaffirms the company's long-term commitment to developing a comprehensive green mobility ecosystem in India, delivering smart, modern, and sustainable transport solutions for every household. Also Read | Pune Weather Update: Rain To ...Read More >
Bengaluru: Electric vehicles are powering the green transformation of India's ecommerce industry. Amid an overall surge in order volumes, companies like Flipkart, Amazon, BigBasket, Swiggy, and Eternal (formerly Zomato) are speeding up the transition to ecofriendly vehicles for last-mile delivery, especially quick commerce. This is helping cut costs while lowering emissions and reducing the climate footprint. Walmart-backed Flipkart is looking to make its entire logistics fleet electric. After achieving the operational fleet milestone of 10,000 EVs last September, the company expanded its EV ...Read More >
The long wait is over. Elon Musk-led Tesla has finally made its debut in India-- and that too with a bang. Amid much fanfare at its Mumbai's upscale Bandra Kurla Complex (BKC), Tesla' flagship Model Y has been launched with an on-road price of ₹61.07 lakh. Customers also have the option to upgrade to full self-driving (FSD) capability by paying an additional ₹6 lakh at the time of booking. The Model Y Long Range Rear-Wheel Drive variant is priced at ₹69 lakh. To book a Tesla Model Y, buyer ...Read More >
Mumbai, Jul 15 (PTI) Global EV giant Tesla on Tuesday made its much-awaited entry into India, launching its Model Y with price starting at Rs 59.89 lakh while opening its first experience centre here. Tesla, led by American tech billionaire Elon Musk who had in the past cited India's high import tariffs for the company not entering the country earlier, will be importing the Model Y as a completely built unit (CBU), from its Shanghai manufacturing facility in China. The mid-sized electric SUV Model Y, which was once the world's best-selling car, will be offered in India in two variants -- rea ...Read More >
New Delhi [India], November 10 (ANI): Minister for Road Transport and Highways Nitin Gadkari unveiled Hero MotoCorp's new electric scooter variant, the VIDA Evooter VX2 Go 3.4 kWh, another step of the company's to expand its electric mobility range. The launch highlights the government's continued focus on promoting electric transportation across India, according to a press release from Hero MotoCorp. According to Hero MotoCorp, the new model is priced at Rs 1,02,000 (ex-showroom, Delhi), while the BaaS plan starts at Rs 60,000, with a pay-per-kilometre rate of Rs 0.90. The scooter will be av ...Read More >
New Delhi: BMW Group India posted its highest-ever Q1 car sales with 17 per cent growth selling 4,567 cars during the quarter, driven by strong demand for luxury electric vehicles, long wheelbase models and sports activity vehicles, the German luxury car-maker said on Wednesday. The electric lead continued in Q1 with 1,185 BMW and MINI EVs sold, achieving 83 per cent growth year-on-year. Every fourth car BMW Group India sells today is an EV. The company commands the largest market share of over 70 per cent in luxury electric segment in India. The EV penetration to total sales stood at 26 per ...Read More >
Gurugram District Magistrate and Deputy Commissioner Ajay Kumar issued orders to enforce Section 163 of the Bharatiya Nagarik Suraksha Sanhita to maintain law and order in IMT Manesar and the surrounding areas. After the labour unrest in Honda Scooter and Motorcycle India Private Limited , contractual employees of half a dozen companies began a strike to press their demands. Nearly 7,000 contract workers have sat outside the gates of their companies, demanding a pay raise and better working cond ...Read More >
Mumbai/New Delhi: "A pandemic shut borders, a war disrupted energy flows, and a ship stuck in the Suez Canal shook global logistics. And yet, in this turbulence lies an extraordinary opportunity for India to position itself as a trusted, resilient, and sustainable manufacturing hub." Maruti Suzuki India MD & CEO Hisashi Takeuchi's call to action set the tone at the annual session of the Automotive Component Manufacturers Association of India (ACMA) on Friday as he invoked Prime Minister Narendra Modi's mantra of "Aapda mei Avsar" or opportunity in adversity. The tide of history enables count ...Read More >
Dispur (Assam) [India], August 14 (ANI): The Assam Cabinet, led by Chief Minister Himanta Biswa Sarma, has taken a key decision, including amending building byelaws to ensure ease of doing business. Procurement of 500 MW power, approval of 1500 MV pumped storage project and approving financial sanction of the remaining amount of Rs. 375 crores for the continuation of Ayushman Asom Yojna to provide free medical treatment to the beneficiaries were among the key decisions taken in the meeting. Also Read | New Cheque Clearing System: Banks To Clear Cheques Within Few Hours Starting October 4, An ...Read More >
According to the official press release, the offer includes a price benefit of ₹20,000 already reflected in the pricing, cashback of up to ₹10,000, and an assured gold coin with every purchase. In addition, one customer will receive an iPhone through a lucky draw. Expansion plans Oben Electric currently operates more than 50 showrooms in cities including Bengaluru, Delhi, Pune, Kochi, Jaipur, Amritsar, Hyderabad and Lucknow. The company has said it intends to expand to over 150 showrooms ac ...Read More >
New Delhi, Apr 8 (PTI) BMW Group India posted its highest-ever Q1 car sales with 17 per cent growth selling 4,567 cars during the quarter, driven by strong demand for luxury electric vehicles, long wheelbase models and sports activity vehicles, the German luxury car-maker said on Wednesday. The electric lead continued in Q1 with 1,185 BMW and MINI EVs sold, achieving 83 per cent growth year-on-year. Every fourth car BMW Group India sells today is an EV. The company commands the largest market share of over 70 per cent in luxury electric segment in India. The EV penetration to total sales stoo ...Read More >
Delhi/Mumbai/Bengaluru - Odysse Electric Vehicles, one of India's fastest-growing premium electric vehicle manufacturers, has announced a strategic partnership with Indofast Energy - a Joint Venture of Indian Oil Corporation Ltd. and Sun Mobility. As a battery-swapping solutions provider, to integrate SUN Mobility's advanced battery-swapping technology into its high-speed electric scooter, SNAP. This move enhances the SNAP's accessibility by eliminating range anxiety and long charging times, making clean mobility more practical and affordable for urban riders. The battery-swapping-enabled SNA ...Read More >
Mumbai, Apr 1 (PTI) Two-wheeler maker Hero MotoCorp on Wednesday posted an 8.84 per cent growth in vehicles dispatches at 598,198 units in March over the year-ago period. The company had recorded total vehicle dispatches at 549,604 units in March 2025. Retail sales during the reporting months also remained robust with 542,436 VAHAN registrations (as per VAHAN data except for Telangana) as on April 1, indicating a growth of around 24 per cent, the company said. Noting that the demand was led by the 100-125cc segment, the company said the scooter segment saw double-digit growth. Strong perfo ...Read More >
NewsVoir Gurugram (Haryana) [India], April 2: VinFast has officially opened bookings for the VF MPV 7, a premium seven-seater electric MPV designed for Indian customers. With its spacious interior, smart technology, and strong practicality, this third VinFast model in the market is expected to fully meet everyday mobility needs with outstanding value proposition. It also reaffirms the company's long-term commitment to developing a comprehensive green mobility ecosystem in India, delivering smart, modern, and sustainable transport solutions for every household. From April 2, 2026 VinFast will ...Read More >
Bengaluru : Numeros Motors is entering its next phase of growth with a new Chief Executive Officer at the helm. The Bengaluru-based EV manufacturer has appointed Arun Srivastava as CEO, effective 2nd April 2026. He succeeds Shreyas Shibulal, who will continue as Founder and Member of the Board, working closely with Mr. Srivastava on strategy and expansion. Mr. Srivastava brings over two decades of strategy and leadership experience in the automobile and industrial sectors. An alumnus of the Indian Institute of Technology, Kharagpur, he has a proven track record of incubating businesses from t ...Read More >