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New Delhi, Oct 31 (PTI) Maruti Suzuki India Ltd on Friday reported an 8 per cent rise in consolidated net profit to Rs 3,349 crore for the second quarter ended September 30. The company had posted a consolidated net profit of Rs 3,102.5 crore in the same period of the last fiscal, Maruti Suzuki India said in a regulatory filing. Its consolidated total revenue from operations stood at Rs 42,344.2 crore against Rs 37,449.2 crore in the year-ago period, it added. The company's total expenses in ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty were trading with gains early on Tuesday, driven by hopes of rate cut by the Federal Reserve and prospects of a US-China trade deal. The 30-share BSE Sensex climbed 125.93 points to 84,904.77 in early trade. The 50-share NSE Nifty went up by 39.8 points to 26,005.85. From the Sensex firms, State Bank of India, Tata Steel, Larsen & Toubro, Adani Ports, Titan and Maruti were among the major gainers. However, ICICI Bank, Bajaj Finance, Bajaj Fins ...Read More >
The latest investment brings the company's cumulative spending at the site to ₹554 crore since its establishment in 2014. Automotive technologies major Harman, a subsidiary of Samsung Electronics, on Monday announced an investment of ₹345 crore to expand its automotive electronics manufacturing facility in Chakan, Pune. The latest investment brings the company's cumulative spending at the site to ₹554 crore since its establishment in 2014. The expansion includes an immediate outlay of ₹ ...Read More >
Mumbai, October 27 (Monday): Hyundai Motor India Limited (HMIL) has unveiled the advanced technology and safety features of the upcoming second-generation Hyundai Venue, ahead of its official market debut on November 4, 2025. The compact SUV is set to redefine the segment with a major leap in connectivity, automation, and safety. Bookings are now open across Hyundai dealerships and online platforms for a token amount of ₹25,000. The next-gen Hyundai Venue, already one of India's most popular co ...Read More >
More than 300 companies are set to announce their results for the second quarter of FY 2025-26 next week. The financial metrics will provide critical insights into the company's performance in the July-September quarter. The upcoming Q2FY26 results will also help to predict their future trajectory. As the companies span across major sectors, the results will also help investors and analysts gauge the broader trends in various industries. Prominent companies scheduled to announce results include ...Read More >
Additionally, market participants will monitor developments surrounding the scheduled US-China presidential meeting. In an event-heavy week, stock investors will track ongoing quarterly earnings, the US Federal Reserve's interest rate decision, and macroeconomic data for market direction, analysts said. Moreover, progress in India-US trade negotiations will remain a key focus for investors, an expert said. "The ongoing Q2FY26 results season will continue to shape market direction, with severa ...Read More >
New Delhi, Oct 26 (SocialNews.XYZ) Passenger vehicle exports from India grew 18 per cent year-on-year (YoY) during the April-September period of the current financial year, according to data from the Society of Indian Automobile Manufacturers (SIAM). The growth was driven by strong global demand, especially from markets in the Middle East and Latin America. During the first half of FY2025, total passenger vehicle exports rose to 4,45,884 units, compared to 3,76,679 units in the same period las ...Read More >
New Delhi, October 23: In a landmark achievement, the Jimny 5-door SUV has surpassed a cumulative export of 1 lakh units from India, Maruti Suzuki India Limited said on Thursday. Jimny 5-door export journey began in 2023, shortly after the SUV made its debut in India. The SUV, manufactured exclusively in India, has been shipped across more than 100 countries, including Japan, Mexico, and Australia. "Jimny 5-door's entry in Japan in January 2025, under the name 'Jimny Nomade', sparked off an ove ...Read More >
New Delhi: Demand at India's top carmakers saw a sharp spike after cuts in goods and services tax (GST) rates late in September coincided with the Navratri to Diwali festive season sales when companies recorded double-digit growth. The good news for the industry now is that there are early signs that the momentum will likely remain strong in the months and quarters ahead, top carmakers and industry veterans said. Tata Motors Passenger Vehicles Ltd expects 7-8% growth in the industry's sales be ...Read More >
India's Diwali sales hit a record high of Rs 5.40 lakh crore in goods and Rs 65,000 crore in services. This represents a 25 percent increase over last year. GST reforms and strong consumer demand fueled this growth. Brick-and-mortar stores saw a significant revival. Rural and semi-urban areas contributed substantially to the sales surge. Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the cou ...Read More >
New Delhi, October 20: India's stock market began Samvat 2082 with strong momentum, as the NSE Nifty 50 and BSE Sensex closed over the one-year high mark on the final day of Samvat 2081 on Monday. In Samvat 2081, the benchmark Nifty 50 has returned around 6 per cent since last Diwali, and its one-year returns stood at 3.58 per cent. The BSE benchmark Sensex returned 3.19 per cent in the last year and around 6 per cent in Samvat 2081. The Nifty Bank index reached a new high during today's sessio ...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 >
New Delhi, Oct 19: The festive spirit roared through India's automobile market this Dhanteras, as automakers clocked record-breaking deliveries, crossing the 100,000 mark within just 24 hours, according to industry sources. Driven by robust festive demand and the positive impact of GST 2.0 reforms, the auto sector saw one of its strongest single-day performances in years. According to industry estimates, these deliveries translated into sales worth Rs 8,500-10,000 crore in a single day, based ...Read More >
New Delhi, Oct 19: India's auto industry is witnessing a significant surge in festive sales this Dhanteras, with major automakers like Maruti Suzuki, Tata Motors, and Hyundai Motor India reporting robust customer demand, bolstered by positive market sentiment and the impact of GST 2.0 reforms. With the auspicious Dhanteras period spread over two days this year -- starting from 12:18 PM on Saturday and extending until 1:51 PM on Sunday -- automakers are capitalising on the extended delivery wind ...Read More >
New Delhi [India], October 19 (ANI): India's auto industry is witnessing a significant surge in festive sales this Dhanteras, with major automakers like Maruti Suzuki, Tata Motors, and Hyundai Motor India reporting robust customer demand, bolstered by positive market sentiment and the impact of GST 2.0 reforms. With the auspicious Dhanteras period spread over two days this year -- starting from 12:18 PM on Saturday and extending until 1:51 PM on Sunday -- automakers are capitalising on the exte ...Read More >
New Delhi, Oct 18: The recent GST rate cuts have sparked a nationwide shopping surge, making Navratri sales one of the largest consumption waves in years in automobiles, consumer electronics and e-commerce, according to industry estimates. Analysts projected festive and wedding season turnover to exceed ₹7 lakh crore. Digital payments jumped tenfold overnight, from ₹1.18 lakh crore on September 21 to ₹11.31 lakh crore on September 22, as shoppers rushed to take advantage of GST savings, accordi ...Read More >
NEW DELHI: The high prices of gold and silver somewhat dampened buyer sentiments this Dhanteras as people purchased more on expectations of a further surge, even as cars, two-wheelers and consumer electronics such as televisions saw strong buying on the day considered auspicious for new purchases. Car deliveries, which peak during Dhanteras, however, were impacted by the fact that the festive day falls on a Saturday this time around. Many consumers prefer not to take delivery of metals on a Satu ...Read More >
Garg, who currently serves as Whole-time Director at HMIL, is expected to lead the company's growth strategy amid changing market conditions in India. Hyundai Motor India Limited (HMIL) has announced Tarun Garg as its new Managing Director and Chief Executive Officer (CEO), effective January 1, 2026. He will replace Unsoo Kim, who is returning to Hyundai Motor on December 31. This strategic move was announced in the company's regulatory filings. Garg, who currently serves as Whole-time Directo ...Read More >
South Korean auto major Hyundai Motor Co is making its most ambitious move yet in India, committing an investment of Rs 45,000 crore by FY2030 to turn the country into its second-largest market globally, next only to the US. The announcement, which was made at Hyundai Motor India's (HMIL) first-ever Investor Day in Mumbai on Wednesday, comes alongside another major decision, which is that for the first time since its India entry in the mid-1990s, the company will be led by an Indian managing dir ...Read More >
Pune: Hyundai Motor will invest Rs 45,000 crore to expand its manufacturing and research operations to make the world's third-largest car market at the heart of its growth strategy, its President & CEO Jose Munoz said on Wednesday. He told reporters that this investment will help South Korean automaker to increase its annual production by about a third to 1.1 million vehicles by 2030 in India, introduce 26 cars, including its first hybrid vehicle and launch its luxury car brand Genesis in the I ...Read More >
Mumbai, Oct 9 (PTI) Stock markets rebounded on Thursday with the benchmark Sensex climbing 398 points following buying in IT firms and blue-chip Reliance Industries and foreign fund inflows. The 30-share BSE Sensex climbed 398.44 points or 0.49 per cent to settle at 82,172.10. During the day, it jumped 474.07 points or 0.57 per cent to 82,247.73. The 50-share NSE Nifty jumped by 135.65 points or 0.54 per cent to 25,181.80. IT shares such as HCL Tech, TCS, Infosys, and Tech Mahindra gained ahe ...Read More >
Jammu, Oct 9 (PTI) In a landmark achievement for logistics and transportation in Jammu and Kashmir, the Northern Railways has for the first time carried out simultaneous unloading of two goods rakes in the Union Territory, a senior official said on Thursday. The first dual unloading of NMG (New Modified Goods) rakes loaded with Maruti Suzuki vehicles was carried out at goods shed terminals of Jammu division - Bari Brahmana in Jammu and Anantnag in Kashmir valley, Senior Divisional Commercial Ma ...Read More >
Gujarat Chief Minister Bhupendra Patel will inaugurate the Vibrant Gujarat Regional Conference (VGRC) in Mehsana on October 9, 2025, at Ganpat University. The event will see participation from international delegates, especially from Japan, South Korea, Vietnam, and the Netherlands. Before the opening, dignitaries will tour the exhibition, which covers 18,000 square meters with over 400 exhibitors in sectors like agro-processing, green energy, and technology. Companies such as Adani, Maruti Suz ...Read More >
Chandigarh, Oct 6 (SocialNews.XYZ) Haryana Chief Minister Nayab Singh Saini, during his ongoing visit to Japan, on Monday, met Shimane Prefecture Governor Tatsuya Maruyama and held discussions to explore opportunities for technology exchange, innovation and joint ventures between enterprises from both regions. After the meeting, the Chief Minister participated in the Haryana-Shimane Prefecture Roadshow held in Tokyo. Addressing a gathering of industrialists and investors, he highlighted the lo ...Read More >
New Delhi: The government's Next Gen GST reforms are beginning to show a strong impact on the economy as the ongoing festive season has witnessed record-breaking sales, especially in the automobile sector, experts said on Sunday. Income tax expert Vinod Rawal said that the benefits of the new GST system are clearly visible on the ground. "You see, the festive season has already begun. In the very first days of Navratri, when 45 per cent of sales are usually made, this time the record of the la ...Read More >
New Delhi, Oct 3 (PTI) Major companies across sectors, including automakers, consumer electronics, and consumer goods, have reported record sales during the nine-day auspicious Navratri period, according to data shared by leading firms. The robust sales were aided by the recent GST reform, which saw a substantial drop in tax rates, leading to price reductions across consumer goods, appliances, such as TVs (above 32-inch screen size), air conditioners and automobiles. The industry reported a sp ...Read More >
New Delhi, Oct 3 (SocialNews.XYZ) India's economy witnessed its highest Navratri sales of consumer goods in over a decade, propelled by the government's next-gen GST reforms that reduced tax rates and made products more affordable for the consumers. These measures not only lowered prices but also unlocked consumer aspirations, enabling families to upgrade vehicles, invest in home appliances, and spend more freely on lifestyle goods, turning festive cheer into record-breaking consumption, as per ...Read More >
Mumbai, Oct 3 (PTI) Benchmark indices Sensex and Nifty advanced for the second straight session on Friday, powered by buying in metal and telecom stocks following a firm trend in global markets. After swinging between gains and losses for most of the session, the 30-share BSE Sensex climbed 223.86 points, or 0.28 per cent, to settle at 81,207.17. During the day, the index touched a high of 81,251.99 and a low of 80,649.57, gyrating 602.42 points. As many as 2,710 stocks advanced while 1,490 de ...Read More >
New Delhi, Oct 1 (PTI) Maruti Suzuki India on Wednesday reported a 3 per cent year-on-year increase in total sales at 1,89,665 units in September. The auto major sold a total of 1,84,727 units in the same month last year. "The GST reform has significantly improved the customer sentiment as reflected in the highest-ever deliveries of 1,65,000 units (first 8 days) during the ongoing Navratri festive period," Maruti Suzuki India (MSI) said in a regulatory filing. Total domestic passenger vehicle ...Read More >
Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day, as bank stocks were dragged by persistent foreign fund outflows ahead of the RBI's interest rate decision later this week. Photograph: Hemanshi Kamani/Reuters After gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94. During the day, it hit a high of 80,851.38 a ...Read More >
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