Sales of ultra luxury car brands like Rolls-Royce are set to be on the growth path only in India with the economy expected to expand further enabling a new set of customers for such models, as per Select Cars CEO Yadur Kapur. Select Cars is the principal dealer of various luxury car brands in the … Read more
People attend the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. Denis Balibouse | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more
Suzuki Motorcycle India Pvt Ltd on Friday said it has partnered with SMFG India Credit Co Ltd (formerly Fullerton India Credit Co) to provide financing on purchase of its two-wheelers. The two companies have entered into an MoU for the same, Suzuki Motorcycle India Pvt Ltd (SMIPL) said in a statement. SMFG India Credit is … Read more
The increase in wealth has been seen from stronger retail participation, larger investments into the Indian stock markets, and gold and property purchases. Sopa Images | Lightrocket | Getty Images Rising disposable incomes are set to power India’s consumption story, further boosting the country’s consumer sector that is fast becoming a key driver for economic … Read more
Prime Minister Narendra Modi asserted on Thursday that a transparent system put in by his government, its honest efforts and emphasis on people’s participation have led to nearly 25 crore people being lifted out of poverty in the last nine years. Nobody could have thought that poverty in India can decline but the poor has … Read more
Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani (L) highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023. Indranil Mukherjee | Afp | Getty Images One of the biggest investors in India’s Adani Enterprises says he may be done doubling down on … Read more
Indian mills produced 14.87 million metric tons of sugar between Oct. 1 and Jan. 15, a 7% fall from the previous year, because of lower output in key producing Maharashtra and Karnataka states, a leading industry body said on Wednesday. Maharashtra’s sugar production fell to 5.1 million tons from 6.09 million tons, while Karnataka’s production … Read more
India’s top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi’s drive … Read more
Korean auto major Hyundai Motor India expects nearly two-thirds of its sales to come in from SUVs in the ongoing calendar year with a refreshed portfolio of products in the segment. The company, which launched a refreshed version of best-seller Creta I in petrol and diesel Tuesday priced between Rs 10.99-19.99 lakh (ex-showroom), registered 60% … Read more
Despite various challenges arising out of geopolitical tension and tight financial conditions in major advanced economies, India’s engineering goods exports recorded a year-on-year growth of 10.20 per cent to USD 10.04 billion in December 2023. While this represents a strong rebound, the sector still faces uncertainties due to the prevailing global economic conditions, an EEPC … Read more
