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.
New Delhi, Sep 27 (SocialNews.XYZ) Tata Motors Limited has announced that its demerger into separate commercial vehicle and passenger vehicle businesses will take effect on October 1. The move comes after receiving approvals from its board, regulators, and the National Company Law Tribunal. As part of the demerger, shareholders will receive one share in the new commercial vehicle company for each fully paid Tata Motors share held on the record date, the company said in a filing to the exchanges. The record date is pending announcement and will be revealed after the completion of statutory filings. Upon confirmation of the record date, investors will receive one share in the CV and PV companies for each Tata Motors share they own. Shares will be automatically credited to investors' demat accounts, with voting rights remaining proportionate across both entities. Both companies will set their own dividend policies moving forward. As part of the demerger, Tata Motors will split into two separate listed entities. The commercial vehicle business arm housed in TML Commercial Vehicles Ltd. (TMLCV) is expected to be renamed to Tata Motors Limited once the demerger is complete. Tata Motors will rename its existing listed company to Tata Motors Passenger Vehicles Ltd., retaining its passenger vehicle and electric vehicle businesses, as well as investments like Jaguar Land Rover. Girish Wagh, who currently heads Tata Motors' CV operations, will lead the new commercial vehicle company, while Shailesh Chandra, the current head of the passenger vehicle and electric vehicle divisions, will spearhead the PV-focused company. Tata Motors announced that the demerger aims to unlock value and enhance corporate efficiency, highlighting the distinct market dynamics, opportunities, and capital requirements of its CV and PV businesses. Tata Motors first announced plans for a demerger in 2024. The appointed date for accounting and valuation purposes is July 1, 2025, while October 1 marks the legal effective date.
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 >
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, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
MUMBAI: Tesla yesterday launched its Model Y at about US$70,000 (RM298,000) in India, the highest price among major markets, as the US automaker grappling with slowing sales bets on prospects in a country CEO Elon Musk has long criticised for its high import tariffs. With deliveries estimated to start from the third quarter, Tesla is targeting a niche electric vehicle segment in India that accounts for just 4% of overall sales in the world's third-largest car market. It will compete mainly with German luxury giants such as BMW and Mercedes-Benz rather than domestic mass-market EV players suc ...Read More >
MUMBAI - Tesla India has made its official entry into India, launching its first showroom in Mumbai's upscale Bandra Kurla Complex at Maker Maxity Mall. This new 4,000-square-foot "Experience Centre," opened by Maharashtra Chief Minister Devendra Fadnavis on July 15, signals Tesla's arrival in the world's third-largest car market. A second showroom will open soon in Delhi's Aerocity, as Tesla aims to attract India's luxury electric vehicle buyers. High import taxes and a lack of charging stations remain tough hurdles. This expansion is part of Tesla India's strategy to tap into the growing d ...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: The April-June 2025 quarter saw severe pressure on the domestic car market, with challenges in generating fresh demand as growing geopolitical tensions and concerns over the economy depressed consumer sentiments.Maruti Suzuki, the country's biggest carmaker, reported a 6% decline in first-quarter wholesale numbers as the company dispatched around 3.9 lakh units to dealerships compared to 4.2 lakh units in the same quarter of the previous fiscal.Hyundai experienced a decline of 12%, while Tata Motors also saw a 10% fall in its wholesale numbers.Mahindra & Mahindra and Kia Motors were ...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 >
Tata Power is transitioning from a pure-play solar and wind company to become a force in the hybrid renewable energy market and is also ready to take part in nuclear power development in future, Chairman N Chandrasekaran said on Friday. He was addressing shareholders at the company's 106th Annual General Meeting (AGM). Sharing the future plans of the company, Chandrasekaran said, "The company is transitioning from being a pure-play solar and wind company to being a force in the hybrid renewable ...Read More >
New Delhi, Jul 7 (PTI) Jaguar Land Rover on Monday said its dispatches to dealers declined by 11 per cent year-on-year to 87,286 units for the first quarter ended June 30. Compared to the prior year, wholesale volumes for the first quarter were down in North America, Europe and the UK by 12 per cent, 14 per cent and 25 per cent respectively, JLR said in a statement. The UK market was the most impacted by the planned cessation of the legacy Jaguar models, it added. The British marquee brand said its retail sales for the April-June period this year stood at 94,420 units, a dip of 15 per cent ...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 >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Also Read | SOF NSO Results 2024-25 Out at sofworld.org: National Science Olympiad Exam Result Released, Get Direct Link and Know Steps To Download. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies h ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
New Delhi, June 28 (SocialNews.XYZ) The Ministry of Power has announced the launch of a task force to conceive the India Energy Stack, a pioneering initiative aimed at creating a unified, secure, and interoperable digital infrastructure for the country's energy sector. The India Energy Stack will play a vital role in integrating renewable energy, enhancing DISCOM efficiency, and delivering transparent, reliable, and future-ready power services, the official statement said. As India charts its path to becoming a $5 trillion economy and advances towards its Net Zero commitments, the power sect ...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 >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...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 >
The XEV 9e is fast and even in the lower range mode feels smooth along with lots of performance.Source : Somnath Chatterjee Electric cars are different and Mahindra has thrown everything at their new range of EVs in terms of a new electric architecture along with specifications normally seen on luxury cars. The XEV 9e based on the Inglo platform is the bigger and more premium EV which starts at Rs 21.9 lakh while coming with two battery pack options- 59 and 79kwh. The 79 kwh battery pack means 656 km range and 284 bhp which means 0-100 km/h is just 6.8 seconds. The big XEV has lots of road p ...Read More >
New Delhi: India's passenger vehicle market witnessed varied performance across major automakers in November 2024. While Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year growth, Hyundai faced challenges in its domestic market. Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during the month. This marked an increase from 134,158 units sold in November 2023. However, the company's sales in October 2024 were higher at 159,591 units, indicating a month-on-month decline. In November 2024, Maruti ...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 >
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 >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...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 >
The holiday season is a time full of joy and excitement - and, for many, a bit of financial stress. But here's a secret: Your credit card could be the holiday helper you didn't even know you needed. Here's how your credit card can lighten the load this holiday season. Rack up rewards Many credit cards offer rewards on your purchases, typically in the form of points, miles or cash back. Because the holidays tend to be a time of heavy spending for some, you have the opportunity to really take ad ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies have been invited to the deliberations, they added. Earlier in March last year, the government rolled out an electric-vehicle policy, under which duty ...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 >