LUXURY CAR MARKET
'No income growth in 10 years': Marcellus CIO Saurabh Mukherjea feels India's middle class is facing big crisis
India's middle class faces stagnant incomes over the past decade despite rising consumption funded by loans. The income gap is widening, with both lower-income and ultra-rich groups experiencing earnings growth. AI and automation threaten job security, raising concerns about loan repayment. Politicians focus on lower-income groups, while the ultra-rich segment flourishes, deepening financial disparity.
The Mercedes-Benz G580 electric stays true to its roots
The electric vehicle (EV) variant of the G-Wagon deviates little from its conventional antecedents. Built like a tank yet imbued with the grace of a ballet dancer, the G580 EV is a luxury SUV like no other.
Inflation ahead: Household Essentials to stock up before Donald Trump’s tariff war drives prices up
With rising tensions in the U.S.-Canada trade conflict, grocery prices are set to soar due to new tariffs on essential goods including meat, nuts, legumes, fruits, vegetables, and maple syrup. Consumers are urged to stock up on these items to avoid future price hikes. This trade war is impacting everyday essentials for North Americans.
Jaguar Land Rover shelves plan to build EVs at Tata's India plant, sources say
Jaguar Land Rover has called off plans to produce electric vehicles at Tata Motors' new $1 billion factory in southern India due to difficulties in finding a balance between price and quality of locally sourced EV components and slowing demand for electric cars. This decision also impacts Tata's launch plans for premium Avinya EV models, originally scheduled for 2026-2027.
Owning luxury EVs to get dearer in Maharashtra
Maharashtra's decision to impose a 6% motor vehicle tax on EVs priced above Rs 30 lakh and increase the tax on CNG and LPG vehicles may affect sales in the luxury segment. This move aims to boost state revenue but raises concerns among automakers about its impact on the adoption of clean technologies.
Is Elon Musk’s reign as the world’s richest man at risk? Here’s why his fortune is plummeting so fast
Elon Musk has seen a precipitous $120 billion decline in his net worth due to a significant drop in Tesla's stock and declining EV sales. His political involvement, specifically his advisory role in the controversial U.S. administration, has further fueled investor apprehensions. With these challenges, questions about Musk's ability to maintain his wealth and position now loom large.
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India, EU to hold next round of FTA talks from Monday amid Trump tariff threats
India and the European Union will commence their tenth round of negotiations for a proposed free trade agreement in Brussels. Key issues such as agricultural tariffs, auto import duties, and regulatory barriers will be the focus, with hopes to finalize the deal by the end of the year.
Even in last few years when he was not so well, he would...: N Chandrasekaran shares a heartfelt memory of Ratan Tata
Ratan Tata, the former chairman of the Tata Group, who led the conglomerate for over two decades, passed away last year at the age of 86. He was instrumental in expanding the group's global footprint with significant acquisitions and was known for his philanthropic efforts and investments in Indian startups.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 54%
After two days of upward movement, the Nifty and Sensex were range-bound on Friday. However, market breadth suggests that the bulls are making a comeback attempt. So, as an investor, changing your bias to bullish may be the right thing to do. Just make sure you look at every sector and company in terms of both their operating and valuation matrices. If the operating matrix shows improvement, it’s okay to increase exposure. Our selected stocks today depict a strong upward trajectory in their overall average score which is based on five key pillars – earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Stock market woes hit retail sales across sectors
Recent stock market volatility is impacting consumer goods sales, including two-wheelers, luxury cars, and electronics, as many Indians shift their savings to investments. This decline in sales is attributed to negative sentiment around market fluctuations, affecting discretionary purchases and delaying consumption recovery.
US eyes zero tariff on cars in India trade deal as Tesla entry nears, sources say
The United States is urging India to eliminate tariffs on car imports as part of a proposed trade deal, which would pave the way for Tesla's entry into the market. India, however, is hesitant to reduce tariffs to zero immediately and is consulting with local industries before responding.
Volvo to launch electric SUV EX30 in India this year: Official
Volvo is set to launch the fully electric SUV EX30 in India this year, aligning with its goal to achieve 90-100% electrified car sales by 2030. The company also plans to introduce the new XC60 model. Last year, 25% of Volvo’s sales in India were electric vehicles, comprising the XC40 and C40 models.
Rs 8.2 lakh crore wiped off from Tata counters! Should you buy now or wait for stability?
In 2025, the Tata Group faced a severe stock market decline, erasing ₹8.2 lakh crore in market cap across 24 companies, primarily due to heavy FII selling. Major companies like TCS and Tata Motors experienced significant losses. However, experts suggest long-term investment opportunities may arise, despite likely short-term volatility.
Prada shines despite luxury crisis, Versace rumours swirl
Prada's net profit surged 25% to 839 million euros in 2024, surpassing analyst expectations. Amid a luxury market slowdown, Prada's strong sales growth contrasts with competitors. The brand is in exclusive talks to acquire Versace for nearly 1.5 billion euros, potentially boosting Italy's influence in the luxury sector dominated by French groups.
European shares drop as Trump's fresh tariffs take effect
European shares joined a global market selloff on Tuesday after U.S. tariffs on Canada, Mexico and China took effect, raising concerns that similar levies could be imposed on Europe.
'Where's the gold?': How the Assads sucked Syria dry
The military unit run by Maher al-Assad, known as the Fourth Division, exploited Syria's resources amid civil war. Documents reveal its involvement in illegal trades, property expropriations, and protection rackets, amassing fortunes while many Syrians lived in dire conditions.
How a Punjab couple sold cloud space to run a Rs 3,500 crore scam
A couple from Punjab was arrested for running a multi-level marketing fraud. They promised investors high rental value on cloud space which was non-existent. They collected over Rs 3,500 crore and diverted the funds into luxury items and businesses. The Enforcement Directorate seized their properties and assets. The couple was traced to Nepal and brought back to India.
Tata Group’s timeless legacy meets the new era of customer-centricity
Tata Group celebrated its first founder's day in 1932, to honor Jamsetji Tata's contributions to India's nation-building. Despite historical achievements, Tata's customer-centricity needs improvement to stay competitive in today’s market, as exemplified by Tata's digital ventures and the reintegration of Air India.
Why SUVs have begun to resemble trucks again
Sport utility vehicles are making a comeback with rugged designs, as seen in models like the Mercedes-Benz G-Class, Ford Bronco, and Jeep Wrangler. Nostalgia and outdoor lifestyles have driven this trend, with modern SUVs blending heritage and off-road capabilities. The pandemic spurred interest in these vehicles, which now offer a blend of classic design and modern features.
Having the time of their life: When celebs flaunt exclusive watches, they make multiple statements about style and affluence
The ICC Champions Trophy match between India and Pakistan saw Indian cricketer Hardik Pandya sporting a Richard Mille RM 67-02 watch worth Rs 3 crore. Other celebrities donning luxury watches include Rohit Sharma, Diljit Dosanjh, Virat Kohli, Shah Rukh Khan, and NT Rama Rao Jr, each showcasing their high-end timepieces, highlighting their significance in the luxury watch market.
Why do SUVs look like trucks again?
A resurgence in rugged SUVs is transforming the market, with models like the Mercedes G-Class, Ford Bronco, and redesigned Toyota Land Cruiser leading the trend. These vehicles blend nostalgic design with modern technology, appealing to consumers' desire for both heritage style and contemporary functionality.
European shares close 10th week higher; focus remains on US tariffs
European shares reached their 10th consecutive weekly gain due to optimism around earnings and geopolitical developments, despite facing volatility from Trump's trade tariff threats. Technology and mining stocks struggled, although a slowdown in US inflation raised hopes for a Federal Reserve rate cut. The European Central Bank is also expected to cut rates amid anaemic growth.
Govinda's net worth can make your jaws drop: A look into Hero No. 1's opulent lifestyle, luxury car collection
Govinda, a Bollywood icon known for his dance moves and catchphrases, has a net worth of Rs 170 crores. Despite reduced film appearances, he makes substantial earnings from various ventures. Persistent rumors about his marital status and impressive real estate and car collection are highlighted.
How Donald Trump’s 25 per cent tariffs on the EU could affect Americans
Donald Trump announced that the United States will impose 25 per cent tariffs on goods imported from the European Union, escalating trade tensions between the two economic giants. In response, the EU said it would take swift countermeasures against what it considers an unjustified move. Last year, the US imported $605.8 billion worth of goods from the 27-nation bloc.
Mercedes-Benz plans to cut 25% of workforce costs in China by 2027, source says
Mercedes-Benz is reducing its workforce in China by 10% to 15% in sales, finance, IT service, and legal departments to lower costs by a quarter by 2027. Despite laying off employees, the company plans to enhance competitiveness through local partnerships and increased localization of production in China and the US amid rising trade tensions.
India singles out VW in $1.4 billion tax dispute, says Kia corrected course
Indian tax authorities have accused Volkswagen of evading $1.4 billion in taxes by misclassifying car imports for 12 years. The court battle could cost Volkswagen $2.8 billion, including penalties. Kia corrected its classification after a warning. The case highlights concerns over lengthy tax disputes impacting foreign investment. A court decision on Volkswagen's challenge is imminent.
Aston Martin cuts 5% of workforce, delays first electric car again
Aston Martin will reduce its global workforce by about 5% to cut costs and focus on future investments. The launch of the company's first battery electric vehicle has been delayed for the second time, with the new target set for the latter part of this decade.
Tesla India entry sparks panic, but are Indian auto stocks really in trouble?
Tesla’s India entry triggered a selloff in auto stocks, but analysts see limited long-term impact. Its premium pricing and manufacturing challenges reduce competition for domestic players. Instead, Tesla could accelerate EV adoption, benefiting Indian automakers and suppliers. The market reaction is seen as an overreaction, creating buying opportunities.
Passenger vehicle sales expected to grow in low single-digits in FY26, driven by SUVs and EV launches: SIAM estimates
Passenger vehicle sales in India are anticipated to grow by 1-4% in FY26, mainly driven by demand for SUVs and new electric vehicle launches. Entry-level car sales are expected to remain sluggish. Industry leaders Maruti Suzuki and Hyundai Motor India predict modest growth, while Mahindra & Mahindra and Tata Motors have a more optimistic outlook.
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