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Foreign car firms weigh recovery plans

Mint New Delhi

|

October 06, 2025

Despite the grand plans, experts are sceptical of how sustainably cos can invest at a time of global turbulence

Foreign car firms weigh recovery plans

Auto sales declined by 2.4% in April-August 2025.

(MINT)

country.

India managing director Venkatram Mamillapalle believes two primary levers will help in increasing sales in the upcoming years - Renault fully owning the Chennai plant (it was jointly owned with Nissan earlier) and diversifying the customer base to more premium buyers.

"We have mostly targeted the sub-₹10 lakh segment, but now our customer profile will see a diversification to go beyond ₹10 lakh," Mamillapalle said. He added the company will look to regularly launch products in India and invest in its sales and services network.

A report from Autocar Professional said the planned launches include the updated Triber, Kiger and Duster as well as Bigster, which would be a seven-seater SUV based on the Duster platform.

MEER VERHALEN VAN Mint New Delhi

Mint New Delhi

Mint New Delhi

Sebi now trains sights on commodity derivatives

Following clampdown on equity derivatives after studies revealed steep retail losses, the stock market regulator is turning its attention to the commodity derivatives segment (CDS).

time to read

2 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

Refiners, SCI tap Korean giants for local shipyard

Indian Oil, Bharat Petroleum and Hindustan Petroleum are part of the discussions

time to read

4 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

360 One, Steadview, others to invest in Wakefit ahead of IPO

A clutch of firms, including 360 One, Steadview Capital, WhiteOak Capital and Info Edge, is expected to invest in home-furnishings brand Wakefit Innovations Ltd just ahead of its initial public offering (IPO) next month, three people familiar with the matter said.

time to read

3 mins

November 28, 2025

Mint New Delhi

Would you like to be interviewed by an AI bot instead?

I don't think I want to be interviewed by a human again,\" said a 58-year-old chartered accountant who recently had an interview with a multinational company.

time to read

3 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

India, UAE review trade agreement to ease market access

Officials of India and the United Arab Emirates (UAE) met on Thursday to review how the Comprehensive Economic Partnership Agreement (CEPA) is working, and remove frictions that may be impeding trade between the two nations.

time to read

1 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

It's a multi-horse Street race now as Smids muscle in

For years, India’s stock market ran on the shoulders of a few giants. Not anymore.

time to read

3 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

The curious case of LIC's voting on RIL, Adani resolutions

Life Insurance Corp. of India Ltd, or LIC, consistently approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected several similar proposals at other large companies, some even part of other conglomerates, a Mint review of about 9,000 voting decisions by the government-run insurer showed.

time to read

8 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

Investors expect AI use to soar. That's not happening

On November 20th American statisticians released the results of a survey. Buried in the data is a trend with implications for trillions of dollars of spending.

time to read

4 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

CANADA'S STARTUP VISA: PUTTING LIVES ON HOLD

Legal uncertainty has left entrepreneurs stuck despite building businesses and putting down roots

time to read

8 mins

November 28, 2025

Mint New Delhi

Gupta pilfered from fraud, Trafigura says

Commodity trader Trafigura's lawyers accused Indian businessman Prateek Gupta on Thursday of siphoning off funds from an alleged $600 million metals fraud to prop up his struggling business empire.

time to read

1 min

November 28, 2025

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