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.
Bengaluru - As part of its strategic plan to expand its footprint in India, VinFast Auto India -- a subsidiary of global EV leader VinFast -- has signed Dealer Partner Agreements with 13 leading dealer groups for 32 dealerships across 27 cities nationwide. These collaborations underscore VinFast's commitment to establishing a robust 3S (Sales, Service, Spares) network, ensuring a strong retail and service presence across the country, and laying the groundwork for the upcoming pre-booking of the VF 6 and VF 7 on July 15. The initial set of dealerships will be established in key urban and emerging EV markets, including Delhi, Gurugram, Noida, Chennai, Bengaluru, Hyderabad, Pune, Jaipur, Ahmedabad, Kolkata, Cochin, Bhubaneshwar, Trivandrum, Chandigarh, Lucknow, Coimbatore, Surat, Calicut, Visakhapatnam, Vijayawada, Shimla, Agra, Jhansi, Gwalior, Vapi, Baroda and Goa. These cities have been strategically selected based on their growing EV adoption, infrastructure readiness, and strong demand potential, ensuring wide accessibility and seamless customer support from the outset. VinFast aims to establish 35 Dealerships across India by the end of CY 2025. Speaking at the Agreement signing ceremony, Mr. Pham Sanh Chau, CEO, VinFast Asia, said, "We are pleased to partner with India's most respected Dealer Partner Groups as part of our comprehensive strategy to establish a wide-reach, high-quality retail and service network. This partnership reinforces our focus on delivering an elevated EV experience backed by reliability, customer trust, and service excellence. As we prepare to bring our electric SUVs to Indian roads, we are focused on ensuring that customers across key cities have seamless access to VinFast's world-class products and support infrastructure." The selected partners are among India's most respected automotive dealership groups, known for their deep market presence and long-standing customer trust. Each facility will have showrooms, service workshops, and spare parts availability - ensuring VinFast customers enjoy a seamless ownership experience across every touchpoint. These dealer-operated outlets will play a pivotal role in delivering VinFast's global service standards to Indian consumers. Alongside, VinFast ramps up its ecosystem expansion in India, supported by several key strategic partnerships. The company has tied up with Global Assure for 24/7 roadside assistance, dedicated call center support, and mobile service; myTVS and RoadGrid for a pan-India EV Charging solution and service network to deliver quick, reliable aftersales support. VinFast has also joined hands with BatX Energies for sustainable high-voltage battery recycling and repurposing solutions. These collaborations reflect VinFast's holistic approach to responsible, scalable, and customer-first mobility solutions tailored to the Indian market. VinFast showcased its VF 6 and VF 7 premium electric SUVs at the Bharat Mobility Global Expo 2025, signaling its strong intent to bring advanced EV solutions for the Indian market. With a sharp focus on network readiness and strategic ecosystem partnerships, the company is steadily building the foundation for a long-term, sustainable presence in one of the world's most dynamic EV markets. The company's state-of-the-art manufacturing facility in Thoothukudi, Tamil Nadu, is also set to be inaugurated soon, further reinforcing its commitment to India.
India's Ministry of Corporate Affairs (MCA) has announced an ongoing investigation into three electric vehicle (EV) manufacturers for allegedly availing government subsidies fraudulently. The total sum in question amounts to approximately Rs2.97bn (about $35m). The firms under scrutiny, Hero Electric Vehicles, Benling India Energy and Technology, and Okinawa Autotech; they are accused of violating guidelines tied to FAME II. FAME II was launched in 2019 by India's Ministry of Heavy Industries (MHI), that aimed to promote local EV manufacturing and drive electrification in India. It is mainl ...Read More >
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 >
Gurugram, 11 December 2024: Around USD 40 billion of investments are envisaged over the next 5-6 years for the development of Electric Vehicles (EV) & ancillary industries in India. However, the deployment of these funds will rely upon successful implementation of government policies, charging infrastructure ramp-up and domestic manufacturing capacity scale-up. As per Colliers' latest report "EVs in India: Renewed Vigour in Electric Mobility", about two-thirds of the planned investments, can potentially materialize in the lithium-ion battery segment alone. Interestingly, despite slower than an ...Read More >
Mumbai : Honda Cars India Ltd. (HCIL), a leading premium car manufacturer in India today launched two exclusive editions of its popular SUV - Honda Elevate Black Edition and Honda Elevate Signature Black Edition. These exclusive editions have been introduced in new Crystal Black Pearl colour. Introduced in response to a popular demand received from the market, these premium black editions will cater to customers who are seeking a bold, sophisticated and distinctive designed SUV experience from Honda. Speaking about the new Black Editions of the Honda Elevate, Mr. Takuya Tsumura, President and ...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 >
India's Free Trade Agreements (FTA) with other countries will not impact prices of luxury cars in India, according to Mercedes-Benz India. The German luxury carmaker stated that across automakers operating the country, luxury cars are majorly manufactured in India. "We have always encouraged free trade. We are looking forward to the EU-India FTA and even the India-UK FTA; they surely drive the economic growth of the country, for the segments. As a large multinational operating in multiple geographies, we have always advocated free trade and we continue to do that. There are expectations that ...Read More >
Mumbai: In a major boost to sustainable transportation and revenue generation, the Maharashtra State Road Transport Corporation (MSRTC) is set to establish the state's largest Registered Vehicle Scrapping Facility (RVSF) on its own land through a public-private partnership model. The facility will be located in Khultabad, Chhatrapati Sambhajinagar district, on a sprawling 100-acre MSRTC-owned parcel. The announcement was made by Maharashtra's Transport Minister and MSRTC Chairman Pratap Sarnaik during a review meeting held recently. The meeting was attended by MSRTC Vice Chairman and Managing ...Read More >
Chennai (Tamil Nadu) [India], July 2: Entrepreneur India EV 2025, held in Chennai on June 27-28, catalyzed bold conversations around India's electric future, bringing together policy visionaries, industry stalwarts, and capital enablers. The summit was a powerhouse of insights, partnerships and next-gen strategies--making it clear that India isn't just part of the global EV race; it's aiming for pole position. Also Read | FIFA Club World Cup 2025: Gonzalo Garcia's Goal Sends Real Madrid Into Quarterfinals With 1-0 Win Over Juventus (Watch Goal Video Highlights). Kicking off the two-day confe ...Read More >
CHENNAI: Hyundai Motor Group has partnered with three Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes are IIT Madras, IIT Delhi and IIT Bombay. The Hyundai Centre of Excellence (CoE), which will be set up on IIT Delhi campus, will operate through sponsorships from Hyundai Motor Group. The primary objective of the Hyundai CoE is to take the lead in driving advancements in batteries and electrification, specifically designed to meet the unique requirements of the Indian market. Hyundai Mo ...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 6 (PTI) The decision of the Reserve Bank to cut policy rate by 50 basis points will have a positive impact on the automobile sector as it will make loans cheaper, industry body SIAM said on Friday. The RBI on Friday cut repo rate by a higher-than-expected 50 basis points to prop up growth, which has slowed to a four-year low of 6.5 per cent in FY25. Following the rate cut, the key policy rate eased to a three-year low of 5.5 per cent, providing relief to home, auto and corporate loan borrowers. "Such reduction in repo rates would have a positive impact on the auto sector since ...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 >
Thiruvananthapuram: Kerala Governor Rajendra Arlekar has written a strongly worded letter to Chief Minister Pinarayi Vijayan, criticising General Education Minister V Sivankutty for walking out of a function held at Raj Bhavan on June 19. The Governor described the incident as a breach of protocol and an insult to the constitutional office. The letter, dated June 26, refers to an awards ceremony for the Bharat Scouts and Guides, where Sivankutty -- who also serves as President of the Association's Kerala chapter -- objected to the presence of a garlanded portrait of Bharat Mata on the stage, ...Read More >
New Delhi, Jun 27 (PTI) JSW Paints, part of USD 23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm. "JSW Paints today (Friday) entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel NV a ...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 >
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 - Hero MotoCorp, the world's largest two-wheeler manufacturer, has unveiled its latest electric offering, the VIDA V2 series. This launch signifies a significant stride in the company's electric vehicle (EV) journey, promising to revolutionize sustainable urban mobility. A Trio of Electric Powerhouses The VIDA V2 series comprises three variants: Each variant boasts a sleek, modern design and is available in eye-catching colors like Matte Nexus Blue-Grey and Glossy Sports Red. Power and Performance Redefined The VIDA V2 comes equipped with IP-67-rated removable batteries in three ...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 >
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 >
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, Jan 17 (PTI) IT service provider Tech Mahindra on Friday announced the opening of an advanced Manufacturing Experience Centre at its Chennai campus. The centre was inaugurated by Mahindra Group chairman Anand Mahindra and Tech Mahindra CEO Mohit Joshi, according to a company statement. The centre will help manufacturers to quickly prototype and scale AI-based innovations to tackle industry issues like high operational expenses, inefficiencies in processes, supply chain disruptions, and complex operational challenges. Additionally, it will function as a hub where customers can vis ...Read More >
Bengaluru (Karnataka) [India], July 1: NBR Group, one of South India's most trusted and progressive real estate developers, has announced the launch of its new premium residential offering-- 'Soul of the Seasons', exclusive 3 BHK apartments at Mullur, off Sarjapur Road, Bengaluru. The project has received approval from RERA (Real Estate Regulatory Authority). Conceptualized around the idea of 'Resort Living, Every Day', the project blends modern urban lifestyles with the rare luxury of open, green spaces--bringing together elegance, community, and conscious living in one of Bengaluru's fastest ...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: 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 >
Sample of Earth Minerals. (Representative) Quick Read Summary is AI generated, newsroom reviewed. India is negotiating with companies to create long-term rare earth magnet stockpiles. The initiative aims to reduce dependence on China, which controls 90% of magnet processing globally. The government is considering fiscal incentives to boost domestic production of rare earth magnets. New Delhi: India is holding talks with companies to establish long-term stockpiles of rare earth magnets by offering fiscal incentives for domestic production, people familiar with the matter said. Building ...Read More >
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New Delhi: In his latest rant against the administration and the 'Big Beautiful Bill', Tesla CEO Elon Musk on June 5 claimed that US President Donald Trump would have lost the 2024 election without his support. The billionaire further accused Trump of "ingratitude". "Without me, Trump would have lost the election, the Democrats would control the House, and the Republicans would be 51-49 in the Senate," he posted on X. This comes after President Trump said that he is disappointed with the former DOGE chief, who recently stepped down as his senior adviser. Now, Musk is going after the administ ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Mumbai, July 1 (SocialNews.XYZ) German luxury car manufacturer Audi on Tuesday announced the sale of 2,128 units in India in the January-June period this year. According to the automaker, 'Audi Approved: plus', the pre-owned car business, showed resilience with steady performance and grew by 10 per cent in the January-June period (H1 2025). The brand currently has 26 pre-owned car facilities and will be adding more facilities this year. "While H1 2025 presented unique market challenges, we have used this period to strengthen our foundation for sustainable growth. By prioritising a luxury-fi ...Read More >
New Delhi, July 2: Starlink, the satellite internet service owned by Elon Musk, officially launched its services in Sri Lanka on Wednesday. With this launch, Sri Lanka has become the third country in South Asia -- and another of India's neighbours -- after Bhutan and Bangladesh to get access to Starlink's internet services. The announcement was made by Starlink on social media platform X, where the company said: "Starlink's high-speed, low-latency internet is now available in Sri Lanka!" Starlink is getting closer to launching its services in India. Last month, the company received a key lice ...Read More >
Pune: Maruti Suzuki, India's biggest car maker, on Friday said it aims to be the largest producer of electric vehicles in the country and make India the export hub over the next one year. The Japanese giant will take on EV market leader Tata Motors, Mahindra and MG Motor in the electric car game in the country. To realize its goals Maruti Suzuki, which unveiled its first electric SUV e-Vitara at the Bharat Mobility Global Expo 2025 in New Delhi on Friday, will introduce a range of six electric vehicle models by 2030. Suzuki Motor Corporation representative Director and President Toshihiro S ...Read More >