India

TVS Motor Company is intensifying its push into the fast-growing electric two-wheeler segment with the unveiling of its latest product, the Orbiter. Designed to cater to the expanding demand for affordable and sustainable mobility, the Orbiter reflects TVS’s ambition to solidify its position as a market leader in the electric vehicle (EV) space.

India’s passenger vehicle sector is expected to register steady, albeit slower, growth in the coming fiscal year as consumer preferences and macroeconomic factors shape demand trends. According to projections by ICRA, passenger vehicle sales are likely to rise by 3–5 percent in FY25, reflecting resilience in urban markets but tempered by weakening rural demand and a high base effect.

India’s economy continues to display strong momentum, but potential risks from rising global tariffs and protectionist trade measures could weigh on growth prospects, according to the Reserve Bank of India’s (RBI) latest bulletin. While domestic demand remains robust and key macroeconomic indicators show resilience, the bulletin underscores that global trade fragmentation and tariff hikes—particularly from advanced economies—pose challenges for emerging markets like India.

According to the latest report by the National Housing Bank (NHB), residential property prices have witnessed an upward trend across most Indian cities, reflecting a combination of sustained demand, limited inventory, and easing credit conditions. Tier-1 and Tier-2 cities experienced the sharpest increases, while smaller towns saw moderate growth. Analysts attribute the rise to factors such as improved consumer confidence, declining mortgage rates, and continued investment interest from both end-users and institutional buyers.

The government recently held an inter-ministerial meeting to explore strategies for boosting India’s steel production and expanding export volumes. The deliberations focused on addressing supply-side bottlenecks, aligning with global demand trends, and ensuring the domestic steel industry remains competitive in an increasingly challenging trade environment. With India already the world’s second-largest steel producer, policymakers are keen to leverage its production capacity, raw material availability, and growing technological sophistication to strengthen export potential.

The Adani Group has reported a landmark achievement with its consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) crossing Rs. 90,000 crore for the first time. The milestone underscores the conglomerate’s diversified growth strategy, spanning energy, infrastructure, logistics, and airports, even amid global economic uncertainties. Strong cash flows, disciplined capital management, and robust performance across its portfolio companies have positioned the group as one of India’s most powerful business empires.

The Indian rupee depreciated against the U.S. dollar on Thursday, pressured by sustained demand for the greenback, rising U.S. Treasury yields, and elevated crude oil prices. The local currency, which opened weaker, slipped further during intraday trade as foreign outflows and global risk aversion weighed on sentiment. While strong domestic macroeconomic indicators offered some cushion, traders expect the rupee to remain volatile in the near term as global uncertainties and dollar strength continue to dominate market dynamics.

Market Performance

Suzuki Motor Corporation has announced an ambitious investment plan of Rs. 70,000 crore in India, underlining the country’s growing importance as a strategic hub for the Japanese automaker. The investment will be directed toward scaling up manufacturing capacity, advancing electric vehicle (EV) production, and developing a robust ecosystem for sustainable mobility solutions. By reinforcing its presence in one of the world’s fastest-growing automotive markets, Suzuki aims to leverage India as both a manufacturing powerhouse and a global export base.

The National Bank for Agriculture and Rural Development (Nabard) is preparing to raise its maiden external commercial borrowing (ECB) in the financial year 2025–26. This move is aimed at diversifying its funding base and tapping into international capital markets to support rural credit expansion. As the apex development finance institution for agriculture and rural infrastructure, Nabard has historically relied on domestic sources such as bonds and deposits.

Fiji’s Prime Minister recently visited the Unique Identification Authority of India (UIDAI) to gain first-hand insights into India’s world-renowned Aadhaar digital identity program. The visit highlights growing global interest in India’s digital governance model, which has become a benchmark for inclusive financial systems, efficient public service delivery, and large-scale identity management.