Vivo V60: Launch date, price, specifications, features, and everything you need to know
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Time of India
16 hours ago
- Time of India
Volvo India's gear shift: Changes EV-only plan; ICE models to stay amid slow uptake
Volvo Cars India has revised its earlier strategy of transitioning to an all-electric portfolio, opting instead to continue selling both electric and internal combustion engine (ICE) vehicles in the country. Tired of too many ads? go ad free now currently account for around 25% of Volvo's sales in India. However, the market for premium battery electric vehicles (BEVs) remains small, although the company notes signs of recovery in the last six months following a slump a year ago. The decision comes after companies' previous claims to phase out ICE models entirely. Volvo Cars India, managing director Jyoti Malhotra, speaking to Economic Times, said 'The adoption rate (of electric vehicles) is different in different countries. And even within the country (in India), it's different across states.' 'We will continue to drive in electric cars and have a launch lined up later this year itself. But at the same time, we will continue to focus on ICE,' he added. Volvo had announced plans to go fully electric by 2030 globally, but the timelines have now been extended. 'About a year back, EVs had started losing steam. We are seeing some uptick in the segment in the last six months. But customer needs are different across regions,' said Malhotra. He pointed out that state policies and infrastructure play a pivotal role in EV adoption. States like Kerala, Maharashtra, and Delhi have favourable tax regimes and more low-rise housing, are seeing better uptake, compared to cities dominated by high-rises, where home charging is a challenge. India currently levies a Goods and Services Tax (GST) of 5% on EVs, while hybrids attract a much steeper 43%. Tired of too many ads? go ad free now Volvo offers plug-in hybrids in international markets, but Malhotra clarified that Indian launches would depend on more favourable tax regime. The company is preparing to introduce a new electric model later this year but will simultaneously retain focus on ICE vehicles to cater to diverse market needs. Volvo's shift aligns with similar moves by global peers such as Jaguar Land Rover and Mercedes-Benz, who are reassessing their timelines for a fully electric portfolio amid similar market realities. Industry data shows that around 22,900 luxury vehicles were sold in the first half of 2025, marking a modest 1.8% increase year-on-year. He also welcomed India's ongoing negotiations around Free Trade Agreements (FTAs), noting their potential to boost the auto sector. 'The UK FTA has set a benchmark. While the one with the EU is still some time away, free trade agreements are good for the economy,' he said.
Hindustan Times
18 hours ago
- Hindustan Times
Vivo V60 5G launch date in India confirmed: Check specs, features, and price
Vivo is launching a new generation of V series models, the Vivo V60 5G, in the coming days. The brand has been teasing the launch for a few days, and now it has finally confirmed the Vivo V60 5 G's launch date in India, which is scheduled for August 12, 2025. Alongside the launch, it also confirms the camera features of the smartphones, flaunting new additions and upgrades. Therefore, if you are looking for a camera-centric smartphone, you may want to wait for the official Vivo V60 launch. Here's a detailed breakdown of what Vivo is launching with the upcoming med-ranger. Vivo V60 5G is now confirmed to be powered by the Snapdragon 7 Gen 4 processor.(Vivo) Vivo V60 5G India launch date The Vivo V60 5G will officially make its debut on August 12, at 12 PM in India. The company also revealed the smartphone design in three new colours: Auspicious Gold, Mist Grey, and Moonlit Blue. Just ahead of launch, Vivo has also revealed several crucial features of the smartphone to create hype for the smartphone. Vivo V60 5G: Specifications and features As per the dedicated microsite of Vivo V60 5G, the smartphone will be powered by the Snapdragon 7 Gen 4 processor, which claims to offer 27% faster CPU, 30% stronger GPU, and a 26% boost in gaming efficiency. It will come with a ZEISS integrated triple camera setup that will include a 50MP ZEISS OIS main camera with a Sony IMX766 sensor, a 50MP ZEISS super telephoto lens with a Sony IMX882 sensor, and an ultrawide camera. The Vivo V60 5G will offer features such as ZEISS multifocal portrait, 10x telephoto stage portrait, Vivo X wedding vLog, and more. Furthermore, the Vivo V60 features a slim quad-curved display that includes narrow bezels and 3D curves. It will offer IP68 and IP69 ratings for protection from dust and water. Apart from these upgrades, the smartphone gets greater Google Gemini integration with cross-app action. However, more functionalities are to be revealed during launch. Lastly, the smartphone is confirmed to be backed by a massive 6500mAh battery, despite retaining a slimmer build. It is expected to support 90W wired fast charging. Vivo V60 5G price in India (expected) The Vivo V60 5G is expected to be priced around Rs. 40,000 in India, considering the previous generation models and revealed upgrades. However, the official pricing and storage options will be revealed on August 12, 2025.
Time of India
a day ago
- Time of India
UPI transactions rebound in July after June dip
Academy Empower your mind, elevate your skills The Unified Payments Interface (UPI) posted an increase in both transaction volume and value in July, rebounding from a decline in June, according to data released Friday by the payment railroad's operator, the National Payments Corporation of India (NPCI).The platform processed 19.47 billion transactions in July, up from 18.40 billion the previous month. Transaction value rose to Rs 25.08 lakh crore from Rs 24.04 lakh crore in a year-on-year basis, transaction volume rose 35%, while value grew 22%. The average daily transaction volume stood at 628 million, with a daily average value of Rs 80,919 uptick comes amid growing discussions around the cost of processing UPI transactions. Banks are beginning to levy charges on certain UPI transactions due to a cut in the government incentive for processing small-value UPI-based finance ministry has reduced the incentive for processing small-ticket UPI transactions at small merchant outlets to 0.15% per transaction from 0.25% last year, ET reported on Friday. ICICI Bank has started passing on some of the charges to its payment partners, news platform The Head and Tale reported earlier this digital payment channels also recorded growth in July, excluding Immediate Payment Service (IMPS) processed 482 million transactions worth Rs 6.31 lakh crore, compared with 448 million transactions and Rs 6.06 lakh crore in June. Transactions via the Aadhaar Enabled Payment System (AePS) rose to 103 million from 97 transactions declined to 371 million from 386 million the previous month. Last month, ET reported that Fastag's growth had stagnated, with minimal traction in the last financial year due to the lack of new use cases beyond toll its launch in 2016, UPI has grown rapidly, driven by government initiatives following demonetisation, increasing smartphone penetration and adoption by private players such as Google Pay, PhonePe and Paytm. As of May 31, UPI had 65 shareholders, including public sector, private and foreign the financial year ended March 2025, NPCI reported a 41.7% increase in net profit to Rs 1,552 crore, as per credit ratings firm ICRA. As a not-for-profit entity, NPCI classifies profits as revenue surplus. Its standalone revenue rose 19% to Rs 3,270 crore in FY25 from Rs 2,749 crore in of July, Google Pay and PhonePe continued to dominate the UPI ecosystem, together accounting for more than 80% of the market. Emerging players such as Flipkart-backed Navi, Bhim and Cred are gradually expanding their presence by offering cashbacks and other incentives. NPCI has yet to release app-wise transaction data for discussions around the long-term sustainability of UPI have gained momentum. Speaking at an event in Mumbai last week, Reserve Bank of India governor Sanjay Malhotra highlighted the need to make UPI payments financially viable, suggesting that either the government or end-users would have to bear the cost of running the digital payments industry has also been urging the government to reinstate the merchant discount rate on UPI payments. However, the government has reiterated that UPI will continue to be free for platform has experienced service disruptions in recent months, affecting all major UPI apps and several banking applications. NPCI attributed a major outage on April 12 to a surge in application programming interface (API) requests, particularly from banks excessively using the 'Check Transaction' API, which led to a slowdown in the system and a drop in payment success rates.
