Has the 'Indian' car brand come of age?
Financial Express Kochi|December 23, 2024
Consumers are no longer hung up on global badges
VIKRAM CHAUDHARY

Škoda Auto Volkswagen India last week started production of the Kylaq, Škoda's third locally developed model following the Kushaq and Slavia, at the Pune manufacturing plant. The first deliveries to local customers is scheduled for January 2025.

Next year, Mahindra will start deliveries of BE 6 and XEV 9e electric SUVs - priced ₹20-30 lakh on-road - and Tata Motors is expected to drive in Sierra EV, Safari EV, and Avinya luxury EV whose price might touch ₹40 lakh.

Apart from regulars Maruti and Hyundai, Tata Motors' Punch and Nexon were among the Top 5 brands sold in November and ranked third and fourth.

Back in 2011, when Maruti Suzuki launched the luxury car Kizashi, it bombed. It was the carmaker's second failure, after the Grand Vitara luxury SUV in 2007. "Both were overpriced, but both were also perceived to be 'Indian' despite their Japanese roots," a former company employee told FE.

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Financial Express Kochi

Musk's Trump trade makes Tesla a winner with $570-billion rally

LESS THAN TWO months ago, shares of Tesla were on their way to just the third losing year in the electric-vehicle maker's decade-and-a-half as a public company.

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2 dak  |
December 23, 2024
Financial Express Kochi

Will take back control of Panama canal, says Trump

Trump said Saturday that the Panama Canal is charging \"exorbitant prices and rates of passage\" on US naval and merchant ships, and he demanded that fees be lowered or else Panama should return the canal to the U.S.

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1 min  |
December 23, 2024
Financial Express Kochi

It's slow going at Indiamart

THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS

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3 dak  |
December 23, 2024
Financial Express Kochi

Israeli strikes kill 17 Palestinians in Gaza

SCHOOL SHELTERING DISPLACED PEOPLE DESTROYED

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1 min  |
December 23, 2024
Financial Express Kochi

Scott Boland & the 'stolen generation'

ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.

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2 dak  |
December 23, 2024
Financial Express Kochi

ISRO to study how crops grow in space on PSLV-C60 mission

DEMONSTRATION OF SEED germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4, the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.

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1 min  |
December 23, 2024
Financial Express Kochi

26 members enter startup billionaire club in 2024

Fifty-year-old Supam Maheshwari, an IIM Ahmedabad alumnus, founded the online platform for babycare products FirstCry after selling an e-learning company that he had set up.

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1 min  |
December 23, 2024
Financial Express Kochi

'If it is business as usual, Viksit Bharat by 2047 will not happen'

Raghuram Rajan, former RBI governor, in an interview with Udit Misra, speaks on a wide variety of topics, ranging from inflation to GDP growth to the impact of possible global trade war under President Trump's second term. Excerpts:

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1 min  |
December 23, 2024
Financial Express Kochi

Smartphone exports set to top ₹1.70 L cr

THE SMARTPHONE INDUSTRY added exports worth ₹2.87 lakh crore during this period.

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1 min  |
December 23, 2024
Financial Express Kochi

Broker strength falls 40% on compliance burdens

The increasing number of APs has created a new problem for the industry as well as the markets regulator—there are more instances of APs engaging in unauthorised trades, promoting unregulated products and offering assured returns to lure clients.

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1 min  |
December 23, 2024