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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.
BMW Group India to hike prices by up to 2 pc across BMW, MINI vehicle portfolios from July 1
BMW Group India announced a price increase for its BMW and MINI vehicles. Prices will go up by up to 2 percent starting this July 1. This change affects both locally produced and imported models. The company cited macroeconomic factors like rupee depreciation and rising logistics costs for the adjustment. This move aims to maintain premium standards.
Five companies will see shares worth ₹1.15 lakh crore free up for trade today; Details here
WeWork India Ltd., Tata Capital Ltd., BMW Ventures Ltd., Bajaj Housing Finance Ltd., and Advance Agrolife Ltd., are the five companies who will see their shareholder lock-ins end on Monday, April 13. Barring Bajaj Housing Finance and Tata Capital, and Advance Agrolife the other two companies are trading well below their issue price. Even Bajaj Housing, Advance Agrolife and Tata Capital are trading just around their respective issue price.
BMW India to hike vehicle prices up to 2% from April amid rising costs
BMW Group India will raise vehicle prices by up to two percent starting April 1, 2026. This adjustment is due to rising logistics and material costs, along with a weaker rupee. The price hike will affect all BMW and MINI models. This move aims to maintain the company's high standards of performance and service for its customers.