India's economy stands at a critical juncture, shaped by evolving trends in consumer behaviour, investment patterns, and structural wage growth. Recent data underscores a complex mix of recovery and stagnation, pointing to significant headwinds that demand immediate attention.
Nomura lowered its financial year 2025 third-quarter estimate for India's passenger vehicle (PV) industry to 1% year on year, which was 4% earlier. It maintained its estimate at 6% YoY for FY26/3F.
The number of registered hybrid vehicles is on track to surpass 2 million this year for the first time in the country, data showed on Sunday.
Procured for Rs 40 crore to expand Dial-112 operations to 22 cities, these vehicles have yet to serve their purpose due to administrative lapses and alleged irregularities in the tender process.
More than one lakh vehicles were booked for not possessing valid Pollution Under Control (PUC) certificates while six thousand overage vehicles were impounded under the Graded Response Action Plan (GRAP) restrictions in the national capital.
The restrictions would be in place from 16 to 29 February except on 18, 25, 26 February.
The strong performance was supported by SUV demand, the introduction of new models, greater availability, effective marketing, consumer schemes, and the auspicious wedding season.
The accident took place on Sunday evening at a turn of the Kalka-Shimla National Highway near Parwanoo.
Iconic vintage vehicles from yesteryears that once ruled the Indian roads once again hit the roads of Kolkata.
Accumulative sales of eco-friendly vehicles produced by Hyundai Motor and Kia, South Korea's leading automakers, are expected to exceed 1 million units in the first quarter, the companies said on Friday.
