Revolt Motors extends its 'Azadi From Petrol' offer following strong demand
This strong demand reflects a growing consumer movement that is not just about choosing electric, but about choosing independence from rising fuel costs, routine maintenance, and outdated ride experiences.
With benefits worth up to ₹20,000, the offer includes a Zero Insurance Fee and additional savings on Revolt's entire range of AI-enabled electric motorcycles. Customers now have an extended window to book their ride and unlock a smarter, cleaner, and more economical way to commute.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
16 hours ago
- India.com
India's Growth Trajectory Remains Intact Despite US Tariffs: S&P Global Ratings
New Delhi: India's long-term growth prospects remain intact despite high US tariffs, as the government continues to push economic reforms and raise living standards, S&P Global Ratings said. Strong economic growth, political will for fiscal consolidation, and a supportive monetary policy framework to control inflation were the main reasons given by the agency for upgrading India's sovereign credit rating to "BBB" with a stable outlook after an 18-year lapse. Based on strong domestic demand, S&P predicted that India's economy would expand at an average rate of 6.8 per cent over the following three years. The agency noted that improvements in infrastructure and connectivity could ease structural bottlenecks and further lift the country's long-term growth trajectory. S&P Global Ratings Director YeeFarn Phua noted that over the last three to four years, India's economy has been among the best in the world and has continuously outperformed its regional counterparts. In order to maintain growth momentum, he continued, the government's reform agenda, emphasis on infrastructure, and fiscal consolidation were essential. S&P Asia Pacific Economist Vishrut Rana said that India's comparatively low trade dependence acts as a buffer against the effects of recent US tariff hikes. Earlier this month, citing economic resilience and sustained fiscal consolidation, the global credit ratings agency upgraded India's long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", ahead of the 79th Independence Day. In a note, S&P Global said the stable outlook reflects continued policy stability and high infrastructure investment, which are set to boost India's long-term growth. That, along with cautious fiscal and monetary policy that moderates the government's elevated debt and interest burden, will underpin the rating over the next 24 months, the rating agency said. Additionally, India's short-term rating was changed from A-3 to A-2, and the transfer and convertibility evaluation was changed from BBB+ to A-. S&P changed its rating of the Indian economy from stable to positive in May 2024, stating that it might increase the sovereign rating if India's fiscal deficit significantly reduces. Additionally, the agency raised the long-term issuer credit ratings of three non-banking financial companies (NBFCs) and seven Indian banks. The NBFCs are Bajaj Finance, Tata Capital, and L&T Finance, and the banks are State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Union Bank of India, Indian Bank, and Kotak Mahindra Bank.
India.com
2 days ago
- India.com
Trump's Official Urges India To Stop Purchases Of Russian Oil For 'Funding' War In Ukraine
White House trade adviser Peter Navarro has targeted Indian purchases of Russian crude oil, accusing it of funding Moscow's war in Ukraine and called for New Delhi to stop, Al Jazeera reported, citing the opinion piece published in the Financial Times. In an opinion piece published in the Financial Times on Monday, Navarro wrote, "India acts as a global clearinghouse for Russian oil, converting embargoed crude into high-value exports while giving Moscow the dollars it needs." Notably, US President Donald Trump and his administration have continuously targeted India over its purchase of Russian crude oil. India, on the other hand, has always maintained that India's purchases are based on its domestic needs and economic security. The Ministry of External Affairs also pointed out in its recent statement that the US and European Union purchase much more oil and other goods than India. Further, Navarro slammed India for "cosying up" to Russia and China, saying "if India wants to be treated as a strategic partner of the US, it needs to start acting like one." India's dependence on Russian crude is "opportunistic and deeply corrosive of the world's efforts to isolate Putin's war economy," he added. The adviser also said that it was risky to transfer cutting-edge US military capabilities to India as New Delhi's ties to China and Russia deepen, as per Al Jazeera. Navarro is the second senior Trump administration official to accuse India of financing Russia's war in Ukraine. Stephen Miller, deputy chief of staff at the White House, in the first week of August, said that New Delhi's purchase of Russian crude was "not acceptable". "What he (Trump) said very clearly is that it is not acceptable for India to continue financing this war by purchasing the oil from Russia," Miller, one of Trump's most influential aides, said in an interview to Fox News. In response, the Ministry of External Affairs said that the country is being 'unfairly' singled out for buying Russian oil. At the same time, the US and European Union continue to buy goods from Russia. The EU and US trade much more with Russia than India does, New Delhi's contention for being singled out - although this trade has dipped significantly since Russia invaded Ukraine in February 2022. The EU's total trade with Russia plummeted to USD 77.9 billion in 2024, down from USD 297.4 billion in 2021. Notably, the EU continues to import Russian gas, with expenditures reaching USD 105.6 billion since the war began. This amount is equivalent to approximately 75 per cent of Russia's 2024 military budget, according to the Centre for Research on Energy and Clean Air. In contrast, the total trade between the US and Russia stood at USD 3.5 billion in 2024. US goods exports to Russia in 2024 were USD 528.3 million, down 11.8 per cent (USD 70.5 million) from 2023. Meanwhile, on this 79th Independence Day, Prime Minister Narendra Modi, during his speech, said that, "Modi will stand like a wall against any policy that threatens their interests. India will never compromise when it comes to protecting the interests of our farmers." Notably, at the beginning of this month, United States President Donald Trump imposed 50 per cent tariffs on Indian goods over the issue, straining US-India ties. India and the US have been negotiating for months to finalise a free trade agreement, with Trump accusing New Delhi of denying access to US goods by imposing high tariffs.
New Indian Express
2 days ago
- New Indian Express
GST reforms to boost consumption; to be fiscally neutral and disinflationary: Analysts
MUMBAI: Brokerages have hailed the proposed simplification and rate rejig of the GST regime saying, coming in the midst of the export tariff uncertainties this will be a big boost to the sagging domestic consumption story at the same time not leading to any serious fiscal slippages as it will lead to only 30 bps impact on the GDP, making the tax give-aways fiscally fully viable. While delivering the 79th Independence day speech, prime minister Narendra Modi had said he would be delivering a Diwali surprise with a simplified two-rate GST structure. Soon after the finance ministry said the currently four-layered GST with 5, 12, 18 and 28% taxes will just be a two-rate tax regime -- standard and merit, which would mean that 12 and 28% slabs will give way to 5 and 18% regime. In a note on Monday, Tanvee Gupta Jain, the chief economist at UBS Securities India said the next set of GST reforms will likely buoy consumption without impacting the fiscal consolidation apart from being disflationary. 'There was a need for policymakers to implement counter-cyclical policy measures to support domestic economic growth amidst tariff uncertainties. The timing of GST reform is apt and this potential policy stimulus along with personal income tax relief (which would deliver a $15-billion consumption bosst), front-loading of repo rate cuts of 100 bps, softer inflation which is boosting purchasing power and improved credit availability on regulatory easing should help buoy household consumption over the next two to three quarters,' Gupta Jain said. 'The fiscal cost of the proposed GST rate rationalisation is also manageable as the revenue loss of GST rationalisation would be only Rs 1.1 trillion or 0.3% of GDP annually. For FY26, the revenue loss of Rs 43,000 crore or 0.12% of GDP would get offset from the surplus cess collections and higher than budgeted RBI dividend transfer (Rs 2.7 trillion versus Rs 2.1 trillion budgeted,' she also believes GST cut can have a larger multiplier impact than income or corporate tax cuts as it directly affects consumption at the point of purchase, potentially leading to higher consumer spending. GST tax multiplier is higher at -1.08 when compared to personal income tax multiplier at -1.01 and corporate tax multiplier at -1.02, he said further. In terms of sectors, she said the proposed removal of 12% GST rate would be a positive for processed foods, garments priced above Rs 1000, footwear, tractors, farm equipment, construction material, hotel amongst others. In a note, domestic brokerage Motilal Oswal Financial Services said the pr0posed rejig of the second-generation GST reforms have the potential to reset consumption dynamics and improve sector profitability. 'With slab rationalisation expected to bring down indirect taxes on key goods and services, several industries are set to see a demand boost, margin relief, or both,' it said, adding the the biggest beneficiaries will be auto, banks and non-banks, cement, FMCG, insurance, hotels, white goods and retail. Detailing the impact, it said cars and commercial vehicles will get cheaper as currently they are in the 28% slab, which may come down to 18%. On the benefits of banks and NBFCs and the resultant spike in credit growth tailwind, Motilal Oswal said with household consumption set to rise, demand for financing will pick up and private banks could see faster retail loan growth. A lower tax regime on cement will boost infrastructure and housing boost as the current rate 28% will come down to 18%, which will reduce cement prices by 7–8%.Lower GST on consumer staples will lower costs, boosting higher demand as several raw materials shift to lower slabs, reducing input costs and supporting consumption of core staples. Lower rate on consumer durables like ACs and appliances will make these more affordable boosting demand. Also, mid-market hotels with room rates below Rs 7,500 will boost hotel inventory as their rates may come down from 12% to 5%. There is also a chance that GST on insurance bought by senior may attract lower rate from the 18% now or even waived. Rising demand for durables, staples, and discretionary goods will aid logistics players, quick commerce platforms to gain from higher household consumption, while organised retailers would benefit from footwear and other mass products shifting to lower slabs which in turn should shrink the tax arbitrage of the unorganised sector. Gupta Jain of UBS further said, 'it is important to note that the purpose is to correct the inverted duty structures in some of these categories especially textiles (where tax on yarn and fabric is 12% but on garment below Rs 1,000 is 5%) to align input and output tax rates so that there is a reduction in the accumulation of input tax credit. This would support domestic value addition. The prominent goods in the 28% slab that could benefit from moving to lower slab include air-conditioners, automobile (largely 2-wheelers, small cars), cement amongst others,' she said. On the impact of lower GST rates on inflation she said it would be largely deflationary as GST rate cut would also lower inflationary pressures and likely increase the probability of further monetary easing by RBI. 'With underlying inflationary pressures remaining benign and considering RBI's neutral policy rate assumption of 1.4-1.9%, we see space for the terminal repo rate to fall to the 5.0-5.25% range. We maintain our view that there is space for 25-50bps rate cut in rest of FY26 to support growth,' Gupta-Jain said.
