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.
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 during the month under review were recorded at 60,559 units, up 15.8% from 52,302 units in the same month last year. The e-three-wheeler segment, as per FADA data, rose to 60.2% in the total EVs demand in June 2025 against 55.4% in the period a year earlier.Electric two-wheeler retail sales during June 25 surged 31.7% at 105,355 units as against 80,003 e-two-wheelers retailed in June 2024, the automobile dealers' body said. Electric commercial vehicle retail sales for the period under review was seen at 1,146 units as compared to 515 units in June 2024, a growth of 122.5% year-on- year, FADA said.
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: 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 >
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 >
Mathura, Jul 19 (PTI) Six people died and two were injured when a mini-van collided with a truck on the Yamuna Expressway here, police said on Saturday. "The accident took place at milestone 140 at around 3 am. The Agra-bound mini-van rammed into a heavy vehicle, possibly due to the driver falling asleep at the wheel," Senior Superintendent of Police (SSP) Shlok Kumar said. "Six people died on the spot, while two have sustained serious injuries and were admitted to a hospital," he added. The family members of the deceased have been informed, and further action is being taken, he said. In a ...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 >
New Delhi, Jun 30 (PTI) VinFast Auto India on Monday said it has tied up with myTVS for after-sales support as the electric car maker prepares to launch its first vehicle in the country. VinFast aims to establish 120 extended service workshops by partnering with potential service providers to boost its after-sales operations across India. Under the strategic collaboration, myTVS will ensure VinFast customers receive comprehensive service coverage across the nation, the electric vehicle maker said in a statement. The collaboration is also aimed at strengthening VinFast's charging network acr ...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 >
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 >
Mumbai, Jul 9 (PTI) JSW MG Motor on Wednesday said the global shortage of rare earth magnets, a key component in motors used for electric vehicles, has not impacted its production currently and is unlikely to impact it in the immediate future, but it is keeping a close watch on the developments. The company, which launched its first premium car showroom, MG Select, in Thane in the Mumbai Metropolitan region, also said that the curbs by China on the supply of magnets have been impacting not only the EV makers but ICE (internal combustion engine) powered vehicle makers as well. Also Read | Kol ...Read More >
NEW DELHI -- NEW DELHI (AP) -- Tesla Inc. opened its first showroom in India on Tuesday, marking the electric vehicle maker's long-anticipated debut in the world's third-biggest automotive market. Located in the Bandra-Kurla Complex, an upscale business center in the financial capital Mumbai, the showroom will serve as Tesla's flagship retail and experience outlet as the company introduces its EV lineup to Indian customers. Tesla's entry to India comes after years of delays and policy friction, marking a pivotal expansion in a fast-growing consumer base while global sales are plunging and th ...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 >
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 buil ...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 >
New Delhi, Jun 30 (PTI) India has hardened its position on issues related to agriculture as negotiations with the US team in Washington have entered a crucial stage, an official said on Monday. The official also said that the stay of the Indian team, headed by special secretary in the department of commerce Rajesh Agrawal, is expected to be extended further. The team is in Washington for negotiations on an interim trade agreement with the US. Both sides are rushing to close a deal ahead of the July 9 deadline for the full implementation of a 26 per cent reciprocal tariff which has been suspe ...Read More >
Mumbai: Tesla Tuesday entered the Indian car market, launching its Rs 59.89 lakh Model Y SUV, as Maharashtra rolled out a red carpet for the EV maker, urging it to go beyond imports and anchor its manufacturing and R&D base in the state. At an event to mark Tesla's formal entry, Maharashtra chief minister Devendra Fadnavis made a strong pitch to the Elon Musk-led automaker, positioning the state as Tesla's long-term base. "Mumbai and the people of India are going to love Tesla. But more than just being a big market, India is now a robust base for electric mobility manufacturing, especially Ma ...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 >
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: Chief Minister Devendra Fadnavis on Tuesday expressed confidence during the inauguration of Tesla's Experience Centre that Maharashtra will become the state with the highest electric vehicle (EV) manufacturing capacity in India. World-renowned EV manufacturer Tesla has officially entered the Indian market, and its first Experience Centre in the country -- located in Mumbai -- was inaugurated by CM Fadnavis. Transport Minister Pratap Sarnaik, Principal Secretary/CEO Kaustubh Dhavse, and Tesla representatives were also present. CM Fadnavis said this was a momentous occasion for Maharas ...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: As US electric vehicle giant Tesla officially entered the Indian market this week, it wasn't just auto enthusiasts who took notice. Leading banks and insurers swiftly moved to align themselves with the EV trailblazer, eager to tap into the growing demand for premium electric mobility. Kotak Mahindra Prime (KMPL) was announced as Tesla's preferred financier in India. Commenting on the partnership, Shahrukh Todiwala, MD & CEO of KMPL, said, "Tesla has redefined mobility with its cutting-edge technology. Its entry into India marks a pivotal moment for the country's automobile sector a ...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 26 (PTI) Indian team, headed by chief negotiator Rajesh Agarwal, has reached Washington for the next round of trade talks with his US counterparts, an official said on Thursday. The visit is important as both the countries are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, though there are challenges in areas like agriculture and dairy. "The Indian team is in Washington for two-day trade talks," the official said. Agrawal is special secretary in the department of commerce. The high tariffs, announced by the US on April 2, ...Read More >
New Delhi, Jun 27 (PTI) With US President Donald Trump announcing that a "very big" trade deal is on the cards with India, the Congress on Friday took a swipe at the government and said it seems that India gets to know decisions of great importance to it from the White House. The opposition party's swipe at the government came after President Donald Trump said a "very big" trade deal is on the cards with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries. "We are having some great deals. We have one coming u ...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: Commerce and industry minister Piyush Goyal on Thursday urged the energy storage industry to reduce dependence on imports from certain countries, explore alternative sources of supply and focus on research and development for creation of innovative products. "We must work to prevent distortions. We must reduce our dependency on particular geographies and look at alternative sources of supply, where we can have resilience in our supply chain," he said at the 11th India Energy Storage Week. Goyal said the industry should look at newer technologies to cut overdependence on imports an ...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 >
We will seek their comments to make new industrial policy a reality. We want to come out with the new policy as soon as possible, said AroraSource : pexel Punjab Industries Minister Sanjeev Arora on Thursday said industry-specific committees will be formed to advise the state government for shaping up a new industrial policy. Arora said a total of 22 committees comprising industrialists will be formed. Each committee will comprise 8 to 10 members with its chairman, said Arora while addressing t ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
New Delhi : The much-awaited EV car maker Tesla is set for an official entry in the Indian automobile sector with the price reveal of their first Tesla Model Y prices out for India. The car will come in two variants, the standard rear-wheel drive option with a claimed range of 500 kilometres, priced at close to Rs 60 lakh, and a long range version with a claimed range of 622 kilometres, which would cost close to Rs 70 lakh. Deliveries for the car are likely to start by the final quarter of 2025. The first showroom for Tesla will be opened at Mumbai and the car will be available for registra ...Read More >
MANDYA: Tension gripped Elechakanahalli village in Mandya taluk after Dalits were allegedly denied entry into Maramma temple by upper caste people. As the situation escalated, heavy police deployment was made to prevent any untoward incidents. The controversy began when upper caste villagers reportedly blocked Dalits from entering Maramma temple, leading to clashes between the two communities. Taluk authorities temporarily sealed the temple and enforced tight security in the area. Later, leaders from both communities placed separate locks on the temple doors, further deepening the standoff. ...Read More >