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CNG, hybrids and electric cars together captured nearly 42% of India’s passenger-vehicle retail market in August, as rural demand and running-cost concerns reshape buying preferences.
LEAD EXCERPT: Honda is partnering with Tata Technologies to develop India-focused vehicles, with the Japanese automaker targeting cost reductions of up to 20% and development timelines that could be cut by half as it seeks to regain ground in India's highly competitive car market.
The India-EU Free Trade Agreement could significantly reshape bilateral commerce once ratified, with India set to lower tariffs on most EU goods while Indian exporters gain wider access to the European market.
Samsung India has reportedly begun a workforce reduction across its television and home appliance divisions, with around 80-100 executives asked to exit amid rising costs, weaker demand and an ongoing restructuring exercise.
India has secured $136.38 billion in foreign currency inflows through special schemes, far exceeding expectations and giving the Reserve Bank of India greater firepower to support the rupee amid global economic pressures.
India’s second-largest tractor manufacturer, TAFE, plans to invest up to ₹1,250 crore in a new north India manufacturing plant as the company expands capacity to meet rising domestic and export demand.
India has taken up Chinese business visa delays with Beijing as executives and technical teams face difficulties travelling, disrupting meetings and supply-chain operations.
San Francisco’s rent surge is exposing a housing affordability problem rather than a broad real-estate downturn, while India’s major cities are also seeing rising prices and a growing shift toward premium housing.
President Donald Trump said he would be comfortable with Chinese automakers building cars in the United States if they employ American workers, despite opposition from U.S. lawmakers and major automakers.
The Indian Army has signed its first contract for the US-made FGM-148 Javelin anti-tank guided missile, nearly 17 years after it began pursuing the weapon, with the limited emergency purchase potentially paving the way for future production in India.
India has rejected the Hague-based Permanent Court of Arbitration’s latest ruling on the Indus Waters Treaty, asserting that the court has no authority over India’s sovereign decisions. New Delhi said its decision to keep the treaty in abeyance remains unchanged.
India will host the BRICS summit in New Delhi on September 12-13 as divisions between Iran and the UAE, the Iran war and China-India ties test the expanded bloc's unity.
