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IT sector slumps, auto, banking shine in Samvat 2081

Auto and banking surge ahead as IT bears the brunt of global slowdown.

Hyundai wants India to be its No.2 market by 2030; not worried if Chinese carmakers return, says CEO

The company’s fresh India commitment, part of a broader global capacity and technology build-out, includes a ₹45,000-crore programme focused largely on localisation of product development and engineering, along with the Pune plant ramp-up.

NRB Bearings expects GST reforms to aid demand, fast-tracks capacity expansion

The auto component maker expects the 2025 GST overhaul to spur growth in tractors and two-wheelers, which contribute 40% of its revenue.

Belrise Industries founder Shrikant Badve joins billionaire club

The stock, currently at an all-time high of Rs 166, has gained nearly 83% from its issue price of Rs 90 since listing on May 28

India pushes for tariff cuts on textiles, leather, and gems in EU trade talks

The EU, on the other hand, is seeking concessions for flagship exports such as wine and automobiles through the free trade agreement with India.

Chart of the Day | Will GST rate cuts fuel the first-time buyer of passenger cars?

First-time buyer demand has been stagnant for nearly a decade with growth seen only in SUVs

Small cars get relief after GST council decision

While small hybrids that qualify as small cars will also benefit from the 18 percent slab, larger petrol-electric and diesel-electric hybrids have been pushed into the top tax bracket.

Brokerages see autos, cement, ACs and consumption stocks as top GST 2.0 winners

GST rationalisation to two slabs is set to boost consumption, with autos, staples, cement, insurance, and durables among key beneficiaries.

FIIs dump IT, financials, oil & gas stocks amid global headwinds

The Nifty IT index posted a steep decline of 9.4 percent in July—its sharpest monthly fall since February 2025 and the second-largest drop this year.

India-UK FTA: Indian EVs get limited concession, engineering exports may double by 2030

Shipments of key engineering products like electric machinery, auto parts, industrial equipment, and construction machinery are projected to grow at 12–20 percent CAGR.

Bengaluru auto rickshaw fare hiked: Minimum fare now Rs 36

Minimum fare revised to Rs 36 for the first 2 km, up from Rs 30; per km rate increased from Rs 15 to Rs 18. New fares effective from August 1.

Frustrated by Karnataka govt’s delay, transport federation to launch own app for auto, taxi and bus drivers

Following earlier union-backed apps like Namma Yatri and Nagara, the Federation of Karnataka State Private Transport Associations — which represents 65 transport associations across the state — is now launching its own ride-hailing app.

Chart of the Day | Risks to auto sector earnings mount

As auto sales across vehicle segments hit the skids, other challenges too increase the risks to lower earnings

As July 9 deadline nears, India-US mini-trade deal may include limited tariff cuts on American cars

The mini-agreement between India and US is 'awaiting final nods' and may focus on securing exemptions from the 26% percent reciprocal ariff, along with concessions on limited goods

Chart of the Day | Chinese car makers topple global dominance in domestic markets

New-age electric vehicles in China have already achieved what much of the world is still struggling with—being cheaper than traditional internal combustion engine (ICE) cars, thanks to scale, vertical integration, and relentless price wars

After bike taxi ban, govt cracks down on errant autos in B'luru: 260 cases filed, 98 vehicles seized

The drive comes in the wake of a directive from the state Transport Minister, who had called for strict action against autos charging higher fares from passengers.

A week after bike taxi ban, Bengaluru sees spike in traffic jams, costlier auto rides & angry gig workers

According to TomTom data, a Dutch location technology firm, congestion levels at 7 pm each day post-ban have consistently exceeded the city’s usual traffic levels for the same time slot.

Amid stuttering sales, PV makers brace for more challenges

The interest rate cut could be a shot in the arm for the entry-level category whose sales are sharply decelerating

How China’s grip on rare earth magnets hurts Indian manufacturing — and the way out

In FY24, India imported around 460 tonne of rare earth magnets, almost all from Chinese manufacturers, according to industry sources. While figures for FY25 are awaited, imports are expected to rise to around 700 tonne.

Is the pace of EV adoption slowing in India?

The next two years are critical to see a decline in battery costs and interest rates tango to drive down EV prices

Will commercial vehicle sales stage a comeback sooner than later?

CV sales are at a crossroads given weak demand from user industries but there are some signs of improved business sentiment and reasons to believe in recovery

Here's First Ride Review Of Brixton Cromwell 1200 | First Ride

In this segment of Overdrive, we take a look at Brixton Cromwell 1200, an Austrian brand with a British-sounding name, a Chinese manufacturing partner, and a bike that looks like it time-travelled from 1968 wearing a Triumph disguise. Meet the Cromwell 1200. It's not heritage in the classic sense. It's heritage by intent. But in a world where image often matters more than origin, does it make a difference?

Bengaluru Metro to onboard ONDC next month, apps can soon offer seamless travel