Bhubaneswar,September 14: Maruti Suzuki’s combined Japan exports of three India-made models crossed 1 lakh units. These are the Jimny 5-door, FRONX and e VITARA. Japan remains its second-largest export market, underlining India’s growing manufacturing role. Maruti Suzuki’s combined exports of three Made-in-India models to Japan have crossed 1 lakh units. The models are the Jimny 5-door, FRONX and e VITARA. Japan was Maruti Suzuki’s second-largest export market in FY2026. It retained that ranking during April-August 2026. The milestone matters because Japan has a mature domestic auto industry. Maruti Suzuki Japan exports cross 1 lakh The 1 lakh figure covers combined…
Author: Industry Odisha
Industry Odisha Bureau, Sep14: A global diesel shortage is deepening as the US-Iran and Russia-Ukraine wars disrupt fuel trade. US prices have hit records. The deeper problem is limited refining capacity. US retail diesel prices topped $6 a gallon last week. That is a record high. Prices stood near $3.50 at the start of the year. Two wars, in Iran and Ukraine, are disrupting fuel trade. But the deeper problem lies in global refining capacity. Diesel prices hit record levels Wholesale diesel has traded above $5 a gallon. Diesel is the world’s most-consumed refined petroleum product. It accounts for nearly…
Industry Odisha Bureau, Sep 14: BCCI Secretary Devajit Saikia called India’s Asia Cup trophy decision a conscious, institutional call. India had beaten Sri Lanka by 72 runs in Dubai. The team did not accept the trophy from Mohsin Naqvi. BCCI Secretary Devajit Saikia has explained India’s Asia Cup trophy decision. He called it a “conscious, institutional” call. India had defeated Sri Lanka by 72 runs on Sunday. The final was played in Dubai. The team did not accept the trophy from Mohsin Naqvi. Naqvi is the Pakistani chief of the Asian Cricket Council. BCCI explains Asia Cup trophy decision Saikia said…
Industry Odisha Bureau, Sep 14: India’s WPI inflation rose to 9.92% in August, up from 9.78% in July. Food, fuel and manufactured products all recorded sharp gains. Global energy costs added further pressure. India’s wholesale inflation rose to 9.92% in August. That compares with 9.78% in July. Food, manufacturing and fuel prices all climbed. Global energy costs added to the pressure. The Commerce and Industry Ministry released the data on Monday. India WPI inflation reaches 9.92% Wholesale price-based inflation accelerated for a second straight month. The rise came across food, manufactured items and fuel. Price pressures were broad-based rather than…
Bhubaneswar,September 14: Warner Bros. Discovery will end discovery+ India’s standalone app. Content stays live through partners. The move reflects mounting pressure on niche OTT platforms and shifting subscription economics in the India OTT market. Warner Bros. Discovery will discontinue discovery+ India’s standalone direct-to-consumer service from November 3. Its programming will stay available through partner platforms. The decision highlights growing strain on niche OTT platforms across India’s competitive streaming market. Niche OTT platforms face tough economics Building and buying premium content is expensive. Customer acquisition costs keep climbing across India’s crowded streaming landscape. Standalone apps also carry technology and distribution expenses…
Industry Odisha Bureau, Sep 14: The India-EU FTA will let 2.5 lakh Indian cars enter the EU at 8% duty. That quota will rise to 4 lakh vehicles by Year 10. The European Union will allow 2.5 lakh Indian cars in annually. This is an annual tariff-rate quota, not a guaranteed sales figure. Eligible vehicles would enter at a concessional 8% duty. The quota would eventually expand to 4 lakh vehicles. That expansion happens gradually, reaching 4 lakh by Year 10. India-EU FTA sets 2.5 lakh car quota The concession applies under the draft India-EU free trade agreement. It covers…
Industry Odisha Bureau, Sep 14: India’s Rs 1 lakh crore RDI programme is drawing venture capital into deeptech. Private funds are hiring scientists to evaluate technology. The bigger test remains commercialisation. India’s Rs 1 lakh crore RDI programme is beginning to draw private capital. Venture capital firms are now evaluating deeptech companies more seriously. India has long had scientific and engineering talent. What it has lacked is patient capital for commercialisation. The RDI programme targets precisely that financing gap. India RDI programme targets deeptech funding gap The Technology Development Board opened its first RDI call in February. It covered technologies…
Industry Odisha Bureau, Sep 14: The RBI rejected Tata Sons’ bid to surrender its NBFC licence. Three years earlier, it allowed a similar move by Shanghvi Finance. The contrast turns on scale, ownership and public-fund exposure. The Reserve Bank of India has rejected Tata Sons’ attempt to deregister as an NBFC. That decision stands in contrast to a similar case three years ago. Shanghvi Finance, a promoter entity owned by Dilip Shanghvi, succeeded where Tata Sons did not. Two Similar Requests, Different Outcomes RBI first classified Shanghvi Finance as an upper-layer NBFC in September 2022. It was among 16 companies…
Industry Odisha Bureau, Sep 14: RBI’s push for a Tata Sons listing could open a new path for SP Group. The group holds an 18.37% Tata Sons stake. But its nearer-term debt pressures complicate the timing.* RBI’s push concerning a Tata Sons listing could expand SP Group’s strategic options. SP Group is Tata Sons’ largest minority shareholder, holding 18.37%. A listing could improve the stake’s liquidity. It could also help establish a market-based valuation. Tata Sons Listing Could Unlock SP Group Stake A listing could offer SP Group a way to monetise its holding. It could also provide price discovery,…
Industry Odisha Bureau, Sep 14: MoRTH’s draft rules would raise permitted motor power for low-speed EVs to 600W. The 25 kmph speed limit and registration exemption would stay unchanged. The electric two-wheeler industry is split over the plan. India’s transport ministry has proposed changing low-speed electric vehicle rules. The draft would raise permitted motor power from 250W to 600W. It would also remove the existing 60 kg unladen-weight ceiling. The 25 kmph maximum speed limit would remain unchanged. MoRTH Proposes Higher Power for Low-Speed EVs The proposal appears in an August 21 draft notification. It concerns Rule 2(u) of the…