Impact On Auto Sector
Financial Express Bengaluru|December 26, 2024
HOWEVER, THE FALLING rupee presents challenges for import-dependent luxury carmakers like Mercedes-Benz, BMW, Audi, and Volvo.

With 70-100% of their vehicle components being imported, these brands are reeling under cost pressures and have announced price hikes of 2-3%, effective January 1.

"BMW Group India's strategic price adjustment, across the range of models, is a response to shifting market conditions, inflation, and increasing input costs," a company spokesperson said.

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Bu hikaye Financial Express Bengaluru dergisinin December 26, 2024 sayısından alınmıştır.

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FINANCIAL EXPRESS BENGALURU DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Bengaluru

Pant set to play Delhi's next Ranji tie

ON THE DAY wicketkeeper batsman Rishabh Pant confirmed his availability for Delhi's next Ranji Trophy game against Saurashtra in Rajkot, there was no clarity about India's premier batsman, Virat Kohli.

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1 min  |
January 15, 2025
Financial Express Bengaluru

Pant set to play Delhi's next Ranji tie

ON THE DAY wicketkeeper batsman Rishabh Pant confirmed his availability for Delhi's next Ranji Trophy game against Saurashtra in Rajkot, there was no clarity about India's premier batsman, Virat Kohli.

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1 min  |
January 15, 2025
Financial Express Bengaluru

Los Angeles firefighters on alert for return of extreme winds

• 12,000 structures destroyed; new fire erupts in Oxnard

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2 dak  |
January 15, 2025
Financial Express Bengaluru

Tata Group Partners IISc for Medical School, to Contribute ₹500 Crore

TATA GROUP on Tuesday said it has partnered with the Indian Institute of Science (IISc) to establish Tata IISc Medical School at the institute's Bengaluru campus and will make a contribution of ₹500 crore for support.

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1 min  |
January 15, 2025
Financial Express Bengaluru

Average pay hike pegged at 9.4% in 2025: Report

INDIAN EMPLOYEES MAY expect an average salary increment of 9.4% this year across industries, indicating strong economic growth and rising demand for skilled talent, a report said on Tuesday.

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1 min  |
January 15, 2025
Financial Express Bengaluru

Rupee slips to all-time low of 86.64

RUPEE WEAKENED TO its all-time low on Tuesday due to strong dollar bids spurred by the maturity of positions in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India helped cap losses, traders said.

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1 min  |
January 15, 2025
Financial Express Bengaluru

Govt plans to pare stakes in five PSBs, including UCO

THE GOVERNMENT MAY allow lowering its ownership in five state-run banks via stake sales or the lenders themselves selling shares to large investors that will help them meet minimum public holding norms, according a government official.

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1 min  |
January 15, 2025
Financial Express Bengaluru

WPI inflation rises to 2.37% in Dec on higher food prices

INDIA'S WHOLESALE PRICE index (WPI)-based inflation rose to 2.37% in December from 1.89% in November, thanks to the statistical effect of a low base and increase in inflation rate of manufactured products, official data released on Tuesday showed.

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1 min  |
January 15, 2025
Financial Express Bengaluru

Can we commend privacy?

THE CIVILISATION THAT NURTURES ITS NEED ALSO PRODUCES TECH THAT ENABLES ITS ERADICATION

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4 dak  |
January 15, 2025
Financial Express Bengaluru

Focus on bigger picture

With the market already facing headwinds, the Budget would do well by not tinkering with the tax regime

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2 dak  |
January 15, 2025