New Delhi, April 13 (IANS) The government has accelerated the push for electric vehicles and strengthened domestic capabilities in critical minerals for clean energy technologies to reduce dependence on oil imports amid volatility in global prices and potential disruptions in supply chains due to the West Asia crisis, according to an official statement issued on Monday. Since the onset of the crisis, the Ministry of Heavy Industries has undertaken coordinated measures to sustain the growth of…
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New Delhi, April 10 (IANS) Apple led the global smartphone market for the first time in the first quarter (Q1) of any year, achieving 21 per cent market share and 5 per cent YoY growth in Q1 2026, a report showed on Friday.Apple remains the most insulated brand against the memory crisis due to its ultra-premium positioning and highly integrated supply chain, according to preliminary estimates from Counterpoint Research’s Market Monitor. Continuous strong demand for the iPhone 17 series and agg…
New Delhi, April 3 (IANS) The passenger vehicle industry in India is estimated to report wholesale volume growth of around 7-9 per cent in FY26, supported by strong festive demand, GST rate cuts and multiple new model launches, a report showed on Friday.The growth is expected to moderate to 4-6 per cent in FY2027, largely due to the high base and evolving macroeconomic conditions, according to credit rating agency ICRA.The report expects growth across India’s passenger vehicle (PV) and tractor…
Jaipur, March 21 (IANS) With the launch of the Rajasthan Aerospace and Defence Policy – 2026 by Rajasthan Chief Minister Bhajan Lal Sharma, the state is set to emerge as a key contributor to India’s strategic self-reliance.The policy envisions Rajasthan as a major hub for the manufacturing of aircraft, helicopters, drones, missiles, avionics, satellite buses, armoured vehicles, radars, navigation, communication and control systems, robotics, and defence electronics — providing a strong boost …
New Delhi, March 6 (IANS) Society for Innovation and Entrepreneurship (SINE) — the IIT Bombay-backed broad-spectrum technology business incubator — is selling about 4 lakh shares in the SEDEMAC Mechatronics initial public offering (IPO), according to the filings.The company’s red herring prospectus (RHP) has highlighted that SINE will offload 4,08,000 equity shares.On a pre-offer paid-up equity share capital basis, this represents 0.92 per cent, indicating that the incubator is expected to e…
New Delhi, March 5 (IANS) Shares of Omnitech Engineering made a weak debut on the Indian stock exchanges on Thursday, listing at Rs 205 on the Bombay Stock Exchange (BSE), nearly 10 per cent below the company’s IPO price of Rs 227 per share.The precision-engineered components maker also listed at a discount on the National Stock Exchange of India, where the stock opened at Rs 202 apiece, about 11 per cent lower than its issue price.Despite the weak start, the stock witnessed buying interest so…
New Delhi, Feb 20 (IANS) Passenger vehicle retail sales rose 7 per cent in January (year-on-year) in India, while wholesale volumes rose 12 per cent to 4.5 lakh units, a report said on Friday.The report from ICRA said wholesale dispatches grew 14 per cent sequentially over December 2025, even as original equipment manufacturers (OEMs) ramped up production to cater to robust domestic demand.ICRA forecasts passenger vehicle wholesale volumes to expand 5–7 per cent in FY26, supported by sustained…
Mumbai, Feb 6 (IANS) Indian auto component manufacturers are likely to enjoy more access to European markets with improved price competitiveness under the proposed India-EU Free Trade Agreement (FTA), a report said on Friday.The report from ICRA said that “tariff rationalisation and preferential access are expected to enhance pricing competitiveness and sourcing opportunities with European original equipment manufacturers (OEMs)”.The EU is a major automotive production hub and better trade terms…
New Delhi, Jan 17 (IANS) The government is set to launch ‘Wings India 2026’, Asia’s largest civil aviation event, at Begumpet Airport in Hyderabad from January 28-31, that will showcase the future of global aviation, it was announced on Saturday.The event will be formally launched with a grand inaugural ceremony, led by Civil Aviation Minister, Rammohan Naidu, in the presence of high-level dignitaries from India and abroad.The four-day event will witness ministerial-level foreign delegatio…
New Delhi, Jan 9 (IANS) India’s automobile industry delivered a strong performance with passenger volumes up 20 per cent YoY in the October–December 2025 quarter, driven by GST reforms, a pickup in rural demand, and sustained festive momentum, a report said on Friday.Financial services firm PL Capital said in a report that improved affordability, easier financing, and recovering consumer sentiment supported broad‑based volume growth across passenger vehicles, two‑wheelers, and commercial…