Manufacturing Financial News

Upcoming cars in India)While a few companies, such as Honda, Toyota, and Jeep are yet to make their entry, the majority have already launched their electric vehicles. In upcoming months, more electric cars are set to debut in India, including models from the country’s largest passenger vehicle manufacturer Maruti Suzuki. Here's a list of electric vehicles that are debuting in India soon:Maruti Suzuki's e Vitara will be the brand's first electric car, having been unveiled in its production-ready form during the Bharat Mobility Global Expo 2025.

Exide Industries and Amara Raja surged up to 5% in Wednesday's intraday trade after the Central Board of Direct Taxes (CBDT) expanded the scope of Safe Harbour Rules, including lithium-ion batteries used in electric and hybrid vehicles under the definition of core auto components, according to a notification. Safe Harbour Rules provide businesses immunity from detailed tax scrutiny if they comply with predefined pricing norms under the Income-tax Rules, 1962.

Subscribe to enjoy similar stories. Tea producer and café owner Vahdam Teas Pvt Ltd has raised ₹25 crore ($3 million) from Sidbi Venture Capital Ltd to shore up its cash reserves and boost global expansion. The company is focusing on product innovation and manufacturing expansion, founder and chief executive Bala Sarda told Mint.

Subscribe to enjoy similar stories. Chinese electric vehicle (EV) maker BYD, short for Build Your Dreams, has eclipsed Elon Musk’s Tesla in annual revenue.

Alstom has achieved a key milestone with the delivery of its 500th electric locomotive to Indian Railways, the company said on Tuesday. The company highlighted that all of these locomotives are fully manufactured in India, underscoring a major step in both Alstom’s and India’s Railways' modernisation efforts. The 500th fully India-made Prima T8 WAG12B e-locomotive was delivered from Alstom’s state-of-the-art manufacturing facility in Madhepura, Bihar. The delivery event was attended by key dignitaries, including Mr. Manish Kumar, Chief Administrative Officer of Indian Railways, along with senior officials from Alstom.

Trump said automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks. Potential price hikes, changes in sourcing locations and new U.S. plants are among the actions planned since Trump unveiled the tariffs and threatened potentially more levies. HIGHER PRICES * Best Buy warned of the possibility of higher prices for American shoppers. «The giant wildcard obviously is how the consumers are going to react to the price increases ...,» CFO Matt Bilunas said on a call with analysts.

Subscribe to enjoy similar stories. India’s defence majors such as Ideaforge Technology Ltd and Hindustan Aeronautics Ltd took a beating at the bourses during the recent market sell-off.

Subscribe to enjoy similar stories. Bharat Heavy Electricals Ltd (BHEL) shares have risen 6% since Friday, when the company announced a ₹7,500 crore order win for an 800 MW thermal power generation project. This brings the company's total order book to ₹1.7 trillion—5x the trailing twelve-month revenue.

Subscribe to enjoy similar stories. Wipro GE Healthcare, the 35-year-old joint venture between GE HealthCare and Wipro Enterprises, has started rolling out its $1 billion investment plan to expand manufacturing in India and boost exports, confident that it can dodge the impact of reciprocal tariffs that the US may impose on India’s medtech industry. The company expects to make about 70% of its products for the Indian market locally by 2030, a top executive said, compared with 40-45% currently.

As competition grows, and ahead of the launch of its new Model Y mid-size SUV, Elon Musk's battery-electric (BEV) brand has sold 42.6% fewer cars in Europe so far this year, data from the European Automobile Manufacturers Association (ACEA) showed. Tesla commanded 1.8% of the total market and 10.3% of the BEV market in February, down from 2.8% and 21.6% last year respectively. It sold fewer than 17,000 cars in the European Union, Britain and European Free Trade Association countries, compared to over 28,000 in the same month in 2024. Tesla currently faces a number of challenges in Europe. The EV maker has a smaller, ageing lineup while traditional automaker rivals and new Chinese entrants alike continue to launch new, often cheaper electric models.

Subscribe to enjoy similar stories. President Trump wants to secure the minerals the U.S. needs for everything from smartphones to jet fighters by striking deals in Ukraine, Greenland and even Russia.

President Donald Trump said not all of his threatened levies would be imposed on April 2 and some countries may get breaks, which helped the dollar and the mood on Wall Street overnight by soothing some fears about a slowdown in U.S growth.

Pidilite's ability to create categories by identifying unserved and underserved consumer needs and fulfilling them, not just with a product but with a brand, has ensured its presence among the top quartile of growth companies over the past 5-10 years, said Bharat Puri, the chief executive, who will hand over the baton to joint managing director Sudhanshu Vats next month. «Our success stems from an aggressive expansion of core businesses and, more importantly, our ability to pioneer new product categories,» said Puri. «We are an entrepreneurial-cum-professional company. Our success formula is simple-we create categories by identifying unserved and underserved consumer needs and fulfilling them, not just with a product, but with a brand.» As much as 80% of the company's business was in core categories until a decade ago, with only 20% focused on growth and pioneering initiatives, he said. «Today, that ratio stands at 55:45. Even in a challenging year, we delivered double-digit volume growth because we configured our portfolio around category creation.» Vats said while the philosophy in running the business will remain consistent — focussing on core, growth and pioneer — his plan is to accelerate innovation and digital transformation while building on Puri's legacy.

AI) is unlikely to have as much material impact on organised-sector headcount in India as in the West, a top government official said Monday, as far fewer white-collar jobs are potentially at risk here than in the advanced industrial economies. «The reason we don't see it as much of a threat in India is possibly because we don't have as many white-collar jobs at stake, and we don't see as many office jobs at stake,» S Krishnan, Secretary, Ministry of Electronics and IT (MeitY), told delegates at the ETTelecom 5G Congress. «Today's generative AI mostly replaces manual, repetitive work.» Rather, Krishnan said, AI's assistance can enhance workforce productivity. «The application of AI into the real segments of the economy, like manufacturing and agriculture, is really possible when there's an interplay between sensors, IoT devices communicating along 5G and 6G networks, going into a central server, collecting the data and putting it all together, so that it can work,» Krishnan said.

Delhi High Court on Monday rejected Swiss multinational F. Hoffmann-La Roche AG’s petition seeking to temporarily restrain Natco Pharma from infringing its product patent for Risdiplam compound used for treating spinal muscular atrophy. The court noted that the Roche’s approved drug Risdiplam, which is marketed under the name ‘Evrysdi,’ is not available at an affordable prices, thus the public interest would be to outweigh the need for grant of injunction (restraint order). Roche had sought interim injunction against Natco Pharma to restrain infringement of its patent titled «compounds for treating spinal muscular atrophy». The multinational company claimed that its suit patent has a term of 20 years from May 11, 2015 and expires on May 11, 2035.

Subscribe to enjoy similar stories. Bengaluru: Early-stage startups are tweaking their supply chain operations and rushing to tie up with companies including Blinkit, Zepto and Instamart to make quick commerce their primary distribution channel and accelerate sales, according to company executives and investors.

Subscribe to enjoy similar stories. Tejas Networks recently bagged PLI (production-linked incentives) sops worth ₹123.45 crore from the department of telecommunications under the government’s overarching ‘Make in India’ push. For the Tata Group-backed optical and data networking product manufacturer, which had reported a bottom line of ₹166 crore in the December quarter, the PLI for FY24 has enthused investors.

manufacturing expansion failed to offset a slowdown in the services sector, a private survey showed on Monday. HSBC's flash India Composite Purchasing Managers' Index, compiled by S&P Global, slipped to 58.6 in March from February's final reading of 58.8, lower than a Reuters poll's median prediction of 59.0. The 50-mark divides growth from contraction. The manufacturing PMI index increased to 57.6 from 56.3, remaining in the expansion territory for more than three-and-a-half years. But the dominant-services sector's PMI index fell to 57.7 from 59.0 in February, contributing to the fall in the overall index.

Subscribe to enjoy similar stories. CK Birla Group’s flagship BirlaNu, formerly known as HIL Ltd, is set to invest around $150 million ( ₹1,300 crore) to help achieve its target of becoming a $1 billion (about ₹8,600 crore) company by 2028 and revive growth. The Delhi-based firm will look to expand manufacturing capacities and pursue inorganic growth opportunities through acquisitions to drive growth.

Subscribe to enjoy similar stories. Consumer durable stocks, especially those dealing in cooling products, tend to rise ahead of summer, driven by expectations of stronger sales. This time, too, the early onset of summer and forecasts of above-average temperatures and heat waves make it even more special.