INDIA CAR MARKET
Don’t wait till possession: 4 parking checks every homebuyer must do early
Homebuyers often face parking disputes after taking possession of their homes. Experts advise checking parking space dimensions, legal terms, and local bylaws before buying. Developers may squeeze parking areas due to utility spaces. Verify actual basement parking size and contractual agreements to prevent future conflicts. Parking is a legal and technical due diligence matter.
Boardroom on wheels: How MPVs have begun to speak a new language of luxury on Indian roads
The growing popularity of the MPV among top executives and celebrities signals the arrival of a new trend -- one that is defined by practicality, space, discretion and productivity.
India's EV boom outpaces charging infrastructure, tests network limits
The electric vehicle revolution in India is gaining traction, with an impressive uptick in consumer interest, but there's a catch: charging stations are falling short of demand. With estimates predicting millions of EVs in daily use, the current infra is inadequate to support such growth.
Prolonged West Asia conflict to impact India's automobile sector, says FADA President
The Federation of Automobile Dealers Associations warns of potential challenges for India's auto sector. A prolonged conflict in West Asia could impact vehicle exports and the supply of crucial commodities like oil and aluminium. While the domestic market shows resilience, industry leaders are closely monitoring global developments.
ET Family Business Awards: Off the beaten highway, A ticket to ride in 160 countries
Balkrishna Industries Ltd, or BKT, is a major player in the global off-highway tyre market. Exports are crucial, driving significant revenue. The company is investing heavily in new tyre segments and rubber tracks. This expansion aims to boost revenue substantially by FY30. BKT's growth strategy is set to reshape its future.
Rolls-Royce chai experiment: Man turns roadside beverage into a luxury experience. His cost vs earnings breakdown
An Instagram creator, Deluxe Bhaiyaji, went viral after turning a simple cup of tea into a luxury experience by serving it inside a rented Rolls-Royce. Charging ₹300 for tea and ₹1,000 for the full in-car experience, the experiment attracted large crowds and social media attention. However, despite the buzz, the numbers didn’t add up, with a total cost of ₹1.08 lakh and earnings of ₹88,400, the idea ended in a loss.
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Renault bets big on India, plans seven-model portfolio by 2030
Renault is set to launch seven new models in India by 2030. The company aims for India to become one of its top three global markets. Its Chennai manufacturing facility will become a global export hub. This strategic move signals Renault's ambition to significantly increase its presence and market share in India.
Volvo Car India to recalibrate prices by up to Rs 1 lakh from May 1
In a move reflecting global economic trends, Volvo Car will implement a price increase of up to Rs 1 lakh for its vehicles in India effective May 1. The company cites international supply chain disruptions and currency variations as driving factors. If the economic climate doesn't improve, further hikes could follow.
Titan’s Zoya sees double-digit growth in bespoke segment
Zoya, the ultra-luxury jewellery arm of Titan Company, is witnessing strong double-digit growth in its bespoke and personalised jewellery segment. The brand reports rising demand from both domestic and international clients, with its customised offerings steadily increasing their share in overall business performance.
India-UK trade agreement may come into force next month: Commerce Secy
India's trade deals are set to boost exports. The pact with the UK is expected in May. Oman's agreement is slated for June 1. New Zealand's FTA is anticipated on April 27. The India-EU FTA is targeted for this calendar year. These agreements will open new avenues for Indian businesses.
Mahindra eyes South Africa expansion as China rivals gain ground
Mahindra & Mahindra is reportedly in advanced talks to upgrade its South African plant, potentially introducing completely knocked-down (CKD) production. This move aims to capitalize on rising demand for affordable vehicles and sidestep potential import tariffs, enhancing local manufacturing capabilities and competition in the South African market.
'Salary growing, wealth shrinking': CA explains ‘India's silent middle-class crisis’, says Rs 1.5 lakh salary is same as 10-yr-old pay
Urban Indian households face a 'silent crisis' as rising incomes fail to keep pace with escalating costs of living, leading to stagnant real purchasing power. Traditional savings are losing value due to inflation outpacing returns, forcing a reliance on credit and highlighting a structural disadvantage for the middle class.
Mitsubishi Pajero might comeback in new avatar: What we know so far
Mitsubishi is gearing up to launch a new, Pajero-sized SUV later this year, sparking excitement for the return of the legendary off-roader. Described as a "true cross-country SUV," the model promises ruggedness and strong off-road capabilities. This move follows Mitsubishi's recent joint venture in India, signaling a potential comeback for the brand in the Indian market.
Luxury car sales in India set to double by 2030, says BMW
India's luxury car market is set to double its share by 2030. Young, wealthy, and aspirational buyers are fueling this growth. BMW sees strong momentum, expecting the trend to continue. Factors like rising affluence and a generational shift in spending are key drivers. The market is poised for significant expansion, with luxury vehicles becoming more accessible and desirable.
Middle East war revs up EV demand as Asia moves away from costly fuel
Electric vehicle sales have jumped in Southeast Asia as cost-conscious buyers have poured into dealerships looking to dodge the fuel price spikes driven by the Middle East war. Crude oil prices have soared by around 50 percent since the start of the Middle East war and again exceeded $100 per barrel on Monday, driving up the cost at the pump.
Govt notifies establishment of Rs 10,000 crore Fund of Funds 2.0
This second tranche of the Fund of Funds will seek to mobilise venture capital and support deeptech, tech-driven, innovative manufacturing startups, and early-growth stage enterprises.
Crude surge lifts toy prices ahead of summer rush
Toy prices are rising ahead of the summer holidays as the West Asia conflict pushes up crude-linked raw material costs, especially plastics. Industry body The All India Toy Manufacturers Association said prices could increase 10%–40%, with plastic costs surging sharply in recent weeks.
Stocks in news: LIC, Maruti Suzuki, Sun Pharma, TCS, HUL
Indian markets extended their gains on Friday, with analysts predicting a steady recovery towards the 24,300-24,700 zone. Several prominent companies like LIC, Maruti Suzuki, Sun Pharma, TCS, and HUL are in focus due to significant news, including potential bonus issues, EV expansion plans, and acquisition bids.
India-UK free trade pact may come into force from second week of May: Official
The India-UK free trade agreement is set to begin in the second week of May. This pact will allow 99 percent of Indian exports to enter Britain duty-free. Tariffs on British products like cars and whisky will also be reduced in India. A separate agreement will prevent double social levies for temporary workers. This aims to boost trade significantly.
Luxury carmakers hope West Asia ceasefire will lift consumer sentiment
A ceasefire in West Asia is set to boost India's luxury car market. Top executives from Mercedes-Benz, BMW Group, and Audi anticipate customers delaying purchases will now return to showrooms. Companies have stocked parts to manage supply chains. This development is expected to improve buyer sentiment and drive sales in the coming months.
Maruti Suzuki to launch 4 EVs by 2031; 108 e-VITARA delivered in Hyderabad in single day
Maruti Suzuki India will introduce four new electric vehicles by 2031. The company aims to lead the Battery Electric Vehicle market. They are expanding their electric vehicle portfolio and charging infrastructure. The e-VITARA is already being exported globally.
Benz it like Mercedes: Winner of India luxe ride race just beat Motown slowdown in style
Mercedes-Benz India recorded its best-ever annual sales in FY25-26, defying a slowdown in the luxury car market. According to the company, this success came from a focus on high-end vehicles and electric models. Rivals faced softening demand due to global uncertainties. Proritising value over volume may have insulated it from broader market challenges, a company release says.
Porsche loses speed on a curvy road
Porsche AG's sales dropped significantly in the first quarter. China saw a steep decline in luxury spending, impacting deliveries. Model changes and reduced demand for electric cars in the US also contributed. The company is now reassessing its strategy, planning job cuts and considering new high-end models.
Nissan Motors adds 54 customer touchpoints in India during January-March
The newly opened touchpoints comprise a mix of 3S, 2S (sales and service) and 1S (only sales) facilities, strategically located across India, further deepening Nissan's footprint, the company said.
Luxury cars take a backseat in India as Gulf uncertainty grips buyers, says BMW
Amid rising tensions in the Gulf, BMW India is witnessing a shift in consumer behavior among its high-net-worth clients. The current geopolitical climate is prompting many to postpone significant investments, particularly in luxury items like automobiles. As fuel prices are projected to rise, electric vehicles are capturing the attention of buyers looking for long-term savings.
Bay Capital launches digital fund, appoints Sandeep Barasia, Tej Kapoor as partners
Bay Capital is launching a Digital Opportunities Fund to invest in public and private digital businesses in India. Sandeep Barasia and Tej Kapoor will be joining in as cofounders and partners. The Category II AIF will back high-growth companies, working closely with cofounders and focusing on India’s long-term digital future.
Luxury car sales growth slows to 3% amid global jitters
Luxury car sales in India saw a modest 3% rise in the March quarter, with around 14,000 vehicles over Rs 40 lakhs sold. This growth lagged behind the mainstream market, as affluent buyers conserved cash due to geopolitical worries and economic uncertainties. BMW, however, reported a strong 17% increase in its sales.
BMW Group India posts record Q1 sales at 4,567 units with 17 percent growth
BMW Group India recorded its best-ever first quarter sales, achieving 17 percent growth. Strong demand for electric vehicles, long wheelbase models, and sports activity vehicles fueled this success. Electric vehicle sales saw an impressive 83 percent increase. The company plans to launch 27 new products in 2026 and expand its dealership network.
Local wheels ride smooth on country roads as Indian carmakers overtake foreign rivals
Indian car manufacturers are gaining ground in the domestic market. Tata Motors and Mahindra & Mahindra have seen their market share rise significantly. This shift is driven by a focus on SUVs and electric vehicles. Foreign competitors, particularly Korean and European firms, have ceded market share. Japanese automakers, despite Maruti Suzuki's leadership, are also experiencing changes.
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