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.
In June, India's electric vehicle (EV) sales soared by 28.60% year-on-year to 1,80,238 units. The surge, primarily driven by a large increase in e-passenger vehicle sales, was reported by the Federation of Automobile Dealers' Association (FADA). A significant uptick of 79.95% in e-passenger vehicle sales saw figures rise from 7,323 units in June 2024 to 13,178 in June 2025. This notable growth propelled the e-passenger vehicle market share to 4.4%, up from 2.5% a year earlier. The momentum extended across other segments too. E-three-wheeler sales climbed by 15.79%, reaching 60,559 units, while electric two-wheelers spiked by 31.69% to 105,355 units. The impressive data highlights the bright future for electric mobility in India, driven by strategic initiatives like the PM e-Drive Scheme.
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 >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
New Delhi/Noida, Jun 27 (PTI) End-of-life vehicles detected at fuel stations or found parked at public places will be impounded and a penalty of Rs 10,000 imposed on four-wheeler owners and Rs 5,000 on two-wheeler owners starting July 1, officials said on Friday. EOL vehicles are diesel vehicles older than 10 years and petrol vehicles older than 15 years. Irrespective of the states they are registered in, they will not be given fuel in Delhi starting July 1, according to directions issued by the Commission for Air Quality Management (CAQM) earlier. Around 500 fuel stations in Delhi have inst ...Read More >
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 >
New Delhi [India], July 15 (ANI): Passenger Vehicles and Two-Wheelers sales are expected to experience an uplift, helped by the upcoming festive season typically serves as a demand driver, according to the recent report by the Society of Indian Automobile Manufacturers (SIAM). Additionally, the report reveals that an above-normal monsoon is likely to aid rural income recovery, which is expected to be a positive signal for two-wheelers and entry-level vehicles that rely heavily on rural demand. The auto sector is expected to witness improved affordability and boosted consumer sentiment in the ...Read More >
Everta, a Mumbai-based EV charger firm, is entering the market. The company plans to produce 3,000 DC chargers each year by 2027. Everta is investing Rs 150 crore in a Karnataka plant. They aim for a 15% market share in DC chargers by 2030. Production will begin by October. The company has a technology deal with StarCharge for fast chargers. EV charger manufacturing firm Everta on Thursday announced its plans to manufacture 3,000 DC chargers annually by 2027. The Mumbai-based firm, which is in ...Read More >
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local SP office. District Magistrate Anuj Singh said the property is needed for housing officers and other ...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 >
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 >
New Delhi, Jul 11 (PTI) Inter-ministerial consultations are underway for a ₹1,345-crore scheme to subsidise production of rare earth magnets in India with two select manufacturers proposed to be given incentives, Union Heavy Industries Minister H D Kumaraswamy said on Friday. The proposed scheme comes in the wake of China restricting exports of rare earth magnets that has hit global supplies, impacting EV makers, including in India. It will provide end-to-end support for conversion of rare earth oxides into magnets. The proposal may be sent to the Union Cabinet for approval once the inter-m ...Read More >
New Delhi, Jul 15 (PTI) India's Global Capability Centres (GCCs) saw a rise in hiring volumes by 8-10 per cent in the first quarter of FY26, compared to a subdued fourth quarter of FY25, which saw a decline of 3-6 per cent, reflecting a return to strategic, skill-focused recruitment practices. The sector is deliberately moving away from volume hiring, focusing instead on securing high-value talent in AI, platform engineering, and cybersecurity, exacerbating critical skill shortages across the country, according to a report by staffing and workforce solutions provider Quess Corp. "Q1FY26 mark ...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 >
Akzo Nobel has revealed that its decision to partner with JSW Paints was based on a strategic vision to combine global expertise with strong local execution. The move positions JSW Paints to challenge India's top paint industry players. "We had options. It was really about finding not only the right home for our people but the right partner for our company, and we chose JSW," ET NOW quoted Akzo Nobel CEO Greg Poux-Guillaume as saying, explaining the rationale behind the decision. "It really is a ...Read More >
New Delhi, Jul 15 (PTI) India's Global Capability Centres (GCCs) saw a rise in hiring volumes by 8-10 per cent in the first quarter of FY26, compared to a subdued fourth quarter of FY25, which saw a decline of 3-6 per cent, reflecting a return to strategic, skill-focused recruitment practices. The sector is deliberately moving away from volume hiring, focusing instead on securing high-value talent in AI, platform engineering, and cybersecurity, exacerbating critical skill shortages across the country, according to a report by staffing and workforce solutions provider Quess Corp. "Q1FY26 mark ...Read More >
New Delhi, Aug 28 (PTI) There is a need to introduce small cars entailing a lower tax slab to offer an alternative to consumers at the lower end of the pyramid to shift from "risky" two-wheelers to passenger vehicles, Maruti Suzuki India Chairman RC Bhargava said on Thursday. Speaking at Maruti Suzuki's 44th Annual General Meeting here, noted that with changes in emission and safety regulations over time, the cost of entry-level cars has increased, making them unaffordable for many prospective buyers. "Considering that a large percentage of the population is dependent on two-wheelers for per ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...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 >
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 >
The tax will be levied as a lumpsum at the time of registration (file) ShowQuick Read Summary is AI-generated, newsroom-reviewed * Karnataka plans to end road tax exemption on battery-operated electric vehicles * The Motor Vehicles Taxation Bill 2026 proposes separate lifetime tax slabs for EVs * One-time tax will range from 10% to 14% based on EV price categories Did our AI summary help? Let us know. Switch To Beeps Mode Bengaluru: One may soon have to shell out more bucks to buy an el ...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 >
New Delhi: Rare earth magnets, essential for EV motors, have become the latest flashpoint in India's growing electric mobility ambitions. These magnets power the core of Brushless DC (BLDC) and Permanent Magnet Synchronous Motors (PMSM), which drive most electric vehicles today, particularly two-wheelers. With China tightening export controls, Indian automakers now face serious supply-side disruptions. If the situation continues, industry experts warn that EV prices could rise, production could slow and expansion plans may take a hit. In April this year, China imposed an export curb on rare- ...Read More >
New Delhi/Noida, Jun 27 (PTI) End-of-life vehicles detected at fuel stations or found parked at public places will be impounded and a penalty of Rs 10,000 imposed on four-wheeler owners and Rs 5,000 on two-wheeler owners starting July 1, officials said on Friday. EOL vehicles are diesel vehicles older than 10 years and petrol vehicles older than 15 years. Irrespective of the states they are registered in, they will not be given fuel in Delhi starting July 1, according to directions issued by the Commission for Air Quality Management (CAQM) earlier. Also Read | UK F-35B Lightning II Stealth F ...Read More >
Mumbai, Jul 3 (PTI) German premium car maker BMW group on Thursday reported a 10 per cent jump in total sales in India at 7,774 units in the January-June period of 2025 over the same period year-ago, The Group had sold 7,081 units of BMW and Mini brands of cars in India in the first of CY 2024. Besides, the company also retailed 2,569 Motorrad brand of motorcycles during the period under review. The company also said it continued its leadership position in the luxury electric vehicle sales in India with a massive 234 per cent year-on-year growth in volumes at 1,322 units of BMW and MINI EVs ...Read More >
India's Ministry of Heavy Industries (MHI) has announced two amendments to the PM E-Drive scheme launched in October 2024, including a two-year extension for selected vehicle categories and infrastructure measures. The ministry has extended the scheme's deadline from 31 March 2026 to 31 March 2028. The original end date remains in place for electric two-wheelers, electric rickshaws and carts, and electric three-wheelers (L5 category). Subsidies will continue for an additional two years only for electric ambulances, electric buses, electric trucks and other emerging EV types, along with public ...Read More >
Royal Enfield sold 82,257 motorcycles in November 2024, a 2% increase from last year. Exports nearly doubled to 10,021 motorcycles. The company launched the Goan Classic 350, Bear 650, and new EV brand Flying Flea at EICMA 2024. The fourteenth edition of Motoverse concluded with over 10,000 attendees and exciting new introductions. ...Read More >
New Delhi, Jun 27 (PTI) The government, industry and academia are working to resolve the issues concerning rare earth magnets, which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha said. Speaking on the sidelines of the Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - government, i ...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 >