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 28.60 per cent to 1,80,238 units in June over the period year-ago, 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 79.95 per cent year-on-year. The e-passenger vehicles' share in the overall electric vehicle market shot up to 4.4 per cent in June 2025 from 2.5 per cent in June 2024, it said. Electric three-wheeler volumes during the month under review were recorded at 60,559 units, up 15.79 per cent from 52,302 units in the same month last year. The e-three-wheeler segment, as per FADA data, rose to 60.2 per cent in the total EVs demand in June 2025 against 55.4 per cent in the period a year earlier.
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 >
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 >
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: Retail automobile sales in India surged to an all-time high of 29.67 million units in the just-ended fiscal year, growing 13%, with five of six vehicle categories setting new annual records. Passenger vehicle sales grew by 13% at 4.7 million units while two-wheeler sales clocked a 13% rise at 21.4 million units, per data collated by Federation of Automobile Dealers Associations (Fada) from the government's Vahan portal. Commercial vehicle sales grew by 12% at 1.06 million units, tractors by 19% to 1.05 million units, and three-wheelers by 12% to 1.36 million units in the year ende ...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 >
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 >
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 >
New Delhi (PTI): Retail sales of vehicles across categories in India in 2025-26 grew by 13.3 per cent at a record 2,96,71,064 units as compared to 2,61,87,255 units in the previous fiscal, with GST 2.0 helping overcome a subdued start to the year, Federation of Automobile Dealers Associations said on Monday. Passenger vehicle (PV) retail sales rose to 47,05,056 units in FY26, up 13 per cent from 41,63,927 units in FY25, the Federation of Automobile Dealers Associations (FADA) said in a statement, adding that it is cautiously optimistic but watchful of the possible impact of West Asia war on v ...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 >
New Delhi [India], April 6 (ANI): Indian automobile retail reached a historic milestone in the financial year ending March 2026, recording total sales of 2,96,71,064 units. Data released by the Federation of Automobile Dealers Associations (FADA) showed a 13.30 per cent year-on-year growth, bringing the industry to the brink of the 3-crore mark. This performance was driven by record-breaking sales across nearly all vehicle categories and a significant surge in demand during the latter half of the year. Two-wheeler sales stood at 2,14,20,386 units (+13.40%), and three-wheeler sales touched 13, ...Read More >
MUMBAI: India's auto retail machine roared into record territory in FY2025-26, selling 2,96,71,064 vehicles -- nearly three crore units -- a 13.30 per cent surge year-on-year that left five of six vehicle categories standing at all-time highs. The country is knocking on the door of the three-crore milestone, a figure that would have seemed fanciful just 24 months ago. Then came March 2026: a scorching 26,92,449 units, the highest single month ever recorded, up 25.28 per cent on the year. The India growth story, battered by doubters for half a decade, has emphatically answered back. A landmark ...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 [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 >
Mumbai, Sep 30 (PTI) Electric mobility firm Omega Seiki Mobility (OSM) on Tuesday announced the launch of an autonomous electric three-wheeler, Swayamgati, aimed at addressing the growing challenges of urban congestion and last-mile transit. With the passenger variant of the world's first production-ready autonomous three-wheeler priced at Rs 4 lakh and the cargo version at Rs 4.14 lakh, the vehicle integrates Omega Seiki Mobility's electric vehicle platform with AI-driven retrofit autonomous system, offering seamless and intelligent transport for short-distance use cases in airports, smart c ...Read More >
New Delhi, July 9 (SocialNews.XYZ) Prime Minister Narendra Modi has emplaned for Namibia -- the final stop of his five-nation visit -- after wrapping up his State Visit to Brasilia where he met Brazil President Luiz Inacio Lula da Silva and also attended the 17th BRICS Summit in the Brazilian city of Rio de Janeiro. Taking to X, the PMO wrote: "PM @narendramodi has boarded for Namibia, the final destination of his tour" Also, External Affairs Ministry spokesperson Randir Jaiswal wrote on X: "PM @narendramodi concludes a productive visit to Brazil and emplanes for Namibia. A memorable visit t ...Read More >
NEW DELHI: India's electric mobility push may get a breather. The ministry of heavy industries is planning to allow electric truck and bus makers to import traction motors fitted with rare earth magnets without losing incentives under the ₹10,900-crore PM E-Drive scheme, according to two officials aware of the development. However, any relief would be temporary, lasting only until China resumes rare earth magnet exports, one of the officials said, citing the recent thaw in relations between New Delhi and Beijing. The policy tweak comes amid a supply crunch that threatens production. Mint re ...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 >
Gravitti Cargo EV - Built for Heavy Loads, Long Distances The Gravitti Cargo EV is engineered for logistics operators, delivery networks, and businesses that rely on dependable load carriers. * Range: 193 km (certified) * Battery: 10.24 kWh LFP battery pack * Motor: 4 kW delivering 75 Nm torque * Payload Volume: 170 cu. ft. * GVW: 1100 kg (segment-leading) * Charging Time: 4.5 hours (fastest in class) * Starting Price: ₹3.69 lakh (ex-showroom) By offering a high gross vehicle weight and large payload capacity, Gravitti is a practical choice for e-commerce, FMCG, and logistics fleets, ...Read More >
Management attributes growth to expansion in the company's electric-vehicle traction-motor and railway businesses. Auto component maker Sona BLW Precision Forgings Ltd (Sona Comstar) on Monday reported its highest-ever quarterly performance in Q2 FY26. The company's revenue from operations stood at ₹1,144 crore, up 24 per cent from ₹922 crore a year earlier. EBITDA rose 13 per cent to ₹289 crore from ₹256 crore in the same quarter last year, with a margin of 25.3 per cent, Net profit af ...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 >
Mumbai, Jul 8 (PTI) Electric vehicle (EV) sales in India rose 28.60 per cent to 1,80,238 units in June over the period year-ago, 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 79.95 per cent year-on-year. The e-passenger vehicles' share in the overall electric vehicle market shot up to 4.4 per cent in June 2025 from 2.5 per cent in June ...Read More >
Electric vehicle (EV) sales in India rose 28.60% to 1,80,238 units in June over the period year-ago, 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 79.95% 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 durin ...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 >
A CEEW study shows the PM EDRIVE scheme delivered 1.13M EVs with half the subsidy of FAME II. Despite a lower incentive (₹5,000/kWh vs ₹10,000), annual sales volumes surged, signalling a major shift in India's EV market maturity.PM EDRIVE Outperforms FAME II with Lower Subsidy PM EDRIVE delivered 1.13 million EVs with half the subsidy per vehicle compared to FAME II, according to a new study by the Council on Energy, Environment and Water (CEEW). The report highlighted that the government no ...Read More >
New Delhi, April 6 (SocialNews.XYZ) The Indian auto retail industry delivered an all-time high of 2,96,71,064 units in FY26 with a broad-based 13.30 per cent growth (year-on-year), that saw five of six vehicle categories set new annual records, data released by the Federation of Automobile Dealers Associations (FADA) said on Monday. This represents the domestic auto industry approaching the 3-crore mark in a financial year, a milestone that would have seemed distant just two years ago. "What makes this year particularly significant is that the growth was structurally sound, underpinned by im ...Read More >
New Delhi: India is preparing fiscal incentives to encourage domestic production of rare-earth magnets, heavy industries minister HD Kumaraswamy said Friday. In a video address at the 65th annual session of Automotive Component Manufacturers Association (ACMA), Kumaraswamy said his ministry is actively tackling vulnerabilities in critical raw materials. "Rare earth magnets are central to electric vehicle (EV) motors and currently dominated by Chinese supply, we are preparing fiscal incentives to encourage domestic production," he said. The minister also said a scheme aimed at powering India ...Read More >
Mumbai, Apr 1 (PTI) TVS Motor on Wednesday said its total sales surged 25 per cent to 5,19,358 units in March 2026 as against 4,14,687 units in the same month last year. Domestic two-wheelers registered a growth of 25 per cent with sales increasing from 2,97,622 units in March 2025 to 3,72,383 units last month. Motorcycle sales increased 18 per cent to 2,32,788 units from 1,96,734 units in March 2025, it said. Scooter sales rose 31 per cent rise to 2,17,624 units in March 2026 from 1,66,297 units a year ago, the company said. Its electric vehicle sales were up 44 per cent year-on-year at 38 ...Read More >
Bengaluru (Karnataka) [India], July 1 (ANI): TVS Motor Company has recorded its highest-ever quarterly sales in the first quarter of the financial year 2025-26, achieving total sales of 12.77 lakh units. According to company release, in June 2025 alone, the company sold 402,001 units, registering a 20 per cent growth compared to 333,646 units sold in June 2024. This increase was driven largely by strong performance in the two-wheeler and export segments. Two-wheeler sales saw a robust 20 per cent growth in June 2025, with sales rising from 322,168 units in June 2024 to 385,698 units. Within ...Read More >