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PS5 runs out faster on GTA VI rush amid demand to upgrade consoles
The highly anticipated Grand Theft Auto VI pre-orders have ignited a frenzy for PlayStation 5 consoles, with stock vanishing rapidly. Retailers report PS5s selling out within days, driven by the game's exclusive launch on current-gen consoles and Sony's strong marketing push. This surge, impacting all sales channels, shows the immense gamer demand clashing with ongoing supply chain issues.
Hero MotoCorp to invest Rs 3,200 cr in 3-5 years in Andhra Pradesh on capacity expansion, new global parts centre
Hero MotoCorp is set to invest Rs 3,200 crore in Andhra Pradesh over the next three to five years, significantly expanding its operations. This includes a new global parts centre at Tirupati, costing Rs 750 crore, and a substantial increase in production capacity at its existing facility. The move aims to bolster the company's global supply chain and enhance its accessories business, transforming Tirupati into a key manufacturing hub.
Home sales fall to three-year low in June quarter
Home sales experienced a notable dip in the June quarter, marking the slowest performance since early 2023. Persistent global uncertainties and supply chain issues have dampened buyer sentiment. Despite this, new project launches saw an annual increase, particularly in premium segments and infrastructure-driven areas. While most major cities saw sales decline, Kolkata, Hyderabad, and Bengaluru registered modest yearly growth.
Residential sales dip to lowest since Jan 2023 amid West Asia war, impacting buyer sentiment
Residential sales in India experienced a significant dip in April-June, reaching the lowest point since early 2023. Geopolitical tensions and supply chain issues are cited as key factors dampening buyer sentiment. Despite an overall decline, premium housing segments and specific cities like Bengaluru and MMR showed resilience, with new launches increasing year-on-year, though quarterly supply saw a drop.
Raymond’s aerospace vertical growth outpaces precision engineering business
Driven by global supply-chain diversification, JK Maini Global Aerospace is clocking a 25% expansion rate and has locked in a ₹2,350-crore order pipeline over the next five years.
Premium push shields Gillette, Whisper makers as supply chain costs rise
High-margin offerings like sleep gummies and electric razors are helping the consumer goods majors offset severe raw material inflation triggered by the US-Iran conflict, a top executive said.
EV demand surges in India as fuel prices rise; Maruti, Mercedes-Benz face delivery delays
Electric car demand is surging across India. Manufacturers are unable to meet this sudden rise, causing wait times of up to three months for popular models. This shift is driven by increased fuel prices. Companies like Maruti, Mercedes-Benz, and BMW are experiencing unprecedented interest in their electric vehicles. Supply chain issues are now limiting production more than customer interest.
PM Modi-led govt's 12 years in power are 'transformational for industry': Maruti Suzuki chairman
Maruti Suzuki Chairman R C Bhargava lauded Prime Minister Narendra Modi's economic policies. He stated these policies have transformed Indian industry over the past 12 years. Vehicle exports and car manufacturing have seen significant growth. Rural sales also increased substantially. Infrastructure development reduced logistics costs. India is becoming a preferred global supply chain destination.
Mahindra's SUV output dips up to 15% in June amid supply chain worker crunch; XUV 7XO, Thar production hit
Mahindra & Mahindra is experiencing a significant drop in SUV production. A shortage of contract workers is affecting key parts suppliers. This issue is impacting factory operations for popular models. The automotive industry across India faces similar labor challenges. Companies are adapting through automation and worker retention strategies. Demand for new vehicles remains strong, compounding these production pressures.
Tyre exports at record high of Rs 27,312 cr in FY26 despite supply chain disruptions
Indian tyre exports reached a record Rs 27,312 crore in FY2025-26. The United States remained the top destination. Despite global supply chain issues, the industry saw significant growth. Recent US tariff adjustments provided relief to Indian exporters. Germany, Italy, Brazil, and France were also key markets. The tyre sector's resilience is evident with substantial investments in manufacturing.
Mahindra & Mahindra sales increase 20 pc in May at 99,636 units
Mahindra & Mahindra reported a 20% year-on-year growth in total vehicle sales for May, reaching 99,636 units. The utility vehicle segment saw an 11% increase in domestic sales, while commercial vehicle sales rose by 19%. The company cited sustained demand, though supply chain challenges persist.
EV demand charges ahead but supply runs low
India's electric car and two-wheeler demand has nearly doubled. High fuel prices are driving consumers to switch. This surge has created a significant demand-supply imbalance. Companies are struggling to meet orders. Suppliers face manpower shortages and supply chain disruptions. This is impacting production capacity for electric vehicles across the country.