AUTOMOBILES
Sourav Joshi lives in a lavish bungalow in Haldwani with 3 kitchens, private gym, luxury car collection, gaming room, walk-in closet and terrace overlooking the hills; here’s a look inside his stunning home
Sourav Joshi welcomed Farah Khan to his bungalow located in Haldwani, showcasing its spacious and modern design. The house includes unique features such as three kitchens, a private gym, and a dedicated gaming room. Additionally, there is a separate temple room that adds a traditional element to the contemporary architecture. A large terrace provides expansive views of the surrounding hills for relaxation and content creation.
RBI hikes repo rate by 25 bps: How are rate sensitive stocks, sectors faring after first increase in nearly 4 years?
Banking, NBFCs, realty and auto stocks came under pressure after the RBI raised the repo rate by 25 basis points to 5.50% and shifted its stance to calibrated tightening. The rate hike, the first in four years, comes amid elevated crude prices, rising global bond yields, inflation concerns and sustained foreign outflows.
India steel ministry unlikely to seek new curbs on cheap imports, government source says
India's steel ministry has decided against new measures to restrict cheap steel imports for now. The country is dealing with increased imports, primarily from China, which have surged significantly. Domestic steelmakers are facing challenges despite existing safeguard duties and high steel prices. Demand has been rising in the automobile and infrastructure sectors after the monsoon season. Yet, the rising imports remain a considerable risk to the margins of steel producers.
Nifty 50 companies likely to log strong double-digit growth in Q2
Revenue and net profit of Nifty 50 companies are projected to grow by nearly 20% year-on-year. Analysts note that performance is driven by sectors like automobiles, banking, and oil. Operating margins, however, might contract slightly due to input cost pressures and inflation. Key sectors show varied conditions, balancing strong demand against potential challenges. Overall, medium to long-term outlook remains optimistic, despite some near-term volatility.
ET Product of the Year 2026: Recognising products built in India, taking the country ahead
India is rapidly transforming into a core center for product design, engineering, and manufacturing, influencing multiple industries. The ET Make in India Product of the Year Award aims to honor products showcasing significant contributions from India, focusing on authentic local expertise and market success, rather than just assembly functions. This initiative spotlights India's commitment to innovation and enhancing value in the worldwide market.
Factories of future: Built on 25 years of reform & execution
India's industrial sector has seen significant growth under Modi's leadership, emphasising infrastructure development and reforms. The Vibrant Gujarat Summit initiated a strategic approach to enhance ease of doing business. Recent trade agreements have expanded access to global markets for Indian manufacturers.
Tata Motors asks suppliers to ramp up capacity for 100,000 passenger vehicles a month from FY28
Tata Motors Passenger Vehicles aims to ramp up production to 100,000 vehicles monthly from the next financial year. The company has been selling around 65,000 units monthly but faces supply constraints. Six new models are planned to enhance product offerings, aiming to meet robust demand. An investment of ₹37,500-40,000 crore is intended to boost market share significantly. Tata Motors expects a domestic market growth to 6.4 million units by FY31.
India luxury car sales rise 10% in 2026 as Mercedes-Benz, BMW see strong EV demand
The surge in luxury vehicle sales in India stems from an urgent need for replacements and a trend towards electrification. Mercedes-Benz India has celebrated its strongest quarterly sales to date, fueled by solid macroeconomic trends. Anticipating a future dominated by electric vehicles, the company reports escalating demand. Meanwhile, BMW India sees a similar enthusiasm among its clientele, marking a continued positive trajectory for the luxury car market in 2023.
Two-wheelers, EVs power September auto sales as festive demand picks up
India’s two-wheeler market saw record sales in September, boosted by festive consumer buying trends. Two-wheeler sales rose 33.08% year-on-year, marking the segment's highest-ever September performance. Electric vehicles also achieved record monthly sales, accounting for 11.58% of overall two-wheeler sales. The festive season is anticipated to further enhance sales momentum, with many dealers expecting growth. Overall, the shift toward electric vehicles indicates changing consumer preferences in the automotive market.
Mercedes-Benz India sales rise 8 pc in January-September 2026
Mercedes-Benz has not only reached but surpassed its previous sales records in India, achieving 15,190 units sold during the January-September window of 2026. This reflects an 8 percent year-over-year growth. In the third quarter alone, sales rose to 5,422 vehicles, representing a 6 percent increase from 2025. The brand's success is driven by strong demand across luxury segments, and they expect this trend to continue through the festive season.
Govt pushes rare-earth magnet capacity as India seeks greater control over critical manufacturing inputs: Shaktikanta Das
The government is working to build domestic capacity for rare-earth permanent magnets, crucial for automobiles, electronics and other manufacturing, Principal Secretary-2 to the PM Shaktikanta Das said. The move follows China’s restrictions on rare-earth exports, which exposed India’s dependence on Chinese supplies, estimated at 80–90% of the global rare-earth magnet ecosystem.
India within striking distance of 8% GDP growth, resilience not accidental: Shaktikanta Das
With an ambitious target of 8% GDP growth, India aims for Viksit Bharat by the year 2047 through innovative reforms. The government is dedicated to increasing domestic capabilities in crucial areas such as energy and manufacturing. Significant measures are being implemented to strengthen long-term finance and bolster involvement in global supply chains.
Consumer companies score low on R&D spending amid innovation chorus
Indian consumer firms are asserting their commitment to technology and innovation, yet their investment in research and development (R&D) remains unremarkably low. Analysis reveals that R&D spending barely rose to an average of 0.9% of sales, with prominent companies like ITC, Britannia, and Hindustan Unilever experiencing stagnant or even decreasing funding.
Nitin Gadkari's ethanol challenge: 'Show me one damaged vehicle'; minister hits back at claims over blended petrol & reveals what farmers gained
Nitin Gadkari defended the Centre's ethanol-blending programme at the Bihar Investor Summit 2026, rejecting claims that ethanol-blended petrol damages vehicles. He said millions of vehicles have been running on blended fuel since 2022 and highlighted the policy's potential to reduce fuel imports while creating additional income opportunities for farmers through ethanol production.
CAFE-III gives auto industry investment clarity, supports cleaner technology adoption: Industry Experts
Industry leaders have welcomed India’s CAFE-III norms, saying the five-year framework provides automakers with greater policy certainty for technology investments and innovation. SIAM, Mahindra and the All India Distillers’ Association highlighted the balance between environmental goals, industry feasibility and energy security. The norms also recognise EVs, hybrids, ethanol-blended fuels and flex-fuel vehicles, supporting wider clean-mobility and biofuel adoption.
Senate punts bill to permanently ban Chinese cars until after midterm elections
Legislation aiming to permanently prohibit Chinese vehicles and technology from entering the U.S. market is currently stalled. Senators are negotiating to address concerns raised by a Republican senator regarding foreign ownership stakes. The proposed bill seeks to protect American automakers from subsidized Chinese competition and prevent data privacy risks. Supporters of the bill anticipate revisiting this matter after the upcoming November elections.
Stricter CAFE III norms notified for automakers: Cos need to cut average fuel usage of PV fleets over a 5-year period
The Indian government has rolled out the CAFE III guidelines, pushing automakers to significantly reduce fuel consumption. This will entail a consistent decline in the average fuel usage of passenger cars over the next five years.
New CAFE norms out for passenger vehicles, targets tightened for FY28-FY32
New Corporate Average Fuel Economy (CAFE) norms for passenger vehicles in India will take effect from April 2023. The revised benchmarks indicate a significant improvement in fuel economy by March 2032, with set targets changing annually. Manufacturers now face different targets based on vehicle weight while being encouraged to use innovative technologies. Carbon neutrality considerations for alternative fuels have been included in the norms to reduce lifecycle emissions.
Fake experience certificates land man nearly Rs 3 lakh a month Group VP job, police arrest him in Kanpur
Police have arrested a Kanpur resident who allegedly landed a Group Vice President job at a Gwalior automobile company by submitting three forged experience certificates. Investigators said the man falsely claimed to have worked for the Landmark Group and later received Rs 2,80,670 a month in salary. Police are now probing the preparation of the documents and how he secured the position.
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