logo
Maruti Suzuki e Vitara delivery dates confirmed. Production limited to 70,000 units?

Maruti Suzuki e Vitara delivery dates confirmed. Production limited to 70,000 units?

Hindustan Times25-04-2025

The Maruti Suzuki e Vitara was first unveiled at the Bharat Mobility Expo 2025. (ANI)
Maruti Suzuki is all geared up to launch the e Vitara in the Indian and export markets. The Maruti Suzuki e Vitara was first unveiled to the Indian audiences at the Bharat Mobility Expo 2025 held in New Delhi. Being Maruti Suzuki's first-ever all-electric SUV it grabbed numerous eyeballs at the show.
In a recently held press conference, R.C. Bhargava, the Chairman of Maruti Suzuki, confirmed that the deliveries of the e Vitara will begin in India by September 2025. The company officials also informed the press that the manufacturer has plans to produce about 70,000 EV units this year. Out of the planned 70,000 units, most of the units will be reserved for export markets. The remaining units will be sold domestically to test the Indian market as per demand.
Also Read : Maruti Suzuki e Vitara to launch soon, likely on…
The launch of the SUV can be expected sometime in May or June. Maruti Suzuki also confirmed that it does not have any plans to sell the electric vehicles through specialised dealerships and will be utilising its current capacity for sales. Another SUV is coming soon
In further conversation, Chairman R.C. Bhargava also affirmed that Maruti Suzuki will be adding another SUV to its portfolio later this year. There have been multiple reports of the seven-seater version of the Maruti Suzuki Grand Vitara being spotted testing on Indian roads. This upcoming SUV could possibly be the seven-seater Grand Vitara.
In the spy shots, the Grand Vitara seven-seater was seen having a free-standing touchscreen infotainment system that will support the wireless Android Auto and Apple CarPlay. Other changes are also expected in the cabin of the Grand Vitara seven-seater, including a slightly redesigned dashboard along with a new colour shade and possibly a new upholstery.
Also Read : Maruti Suzuki Grand Vitara 7-seater spotted ahead of launch Six airbags on all Maruti cars
At the conference, the officials also announced that all of the Maruti Suzuki cars will be updated to have six airbags as standard by the end of the year. Recently, the car maker has added this safety equipment to the MY2025 Grand Vitara and the MY2025 WagonR as well.
Check out Upcoming Cars in India 2024, Best SUVs in India.
First Published Date: 25 Apr 2025, 17:16 PM IST

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Small and largecaps attractive, midcaps require caution: Aniruddha Naha
Small and largecaps attractive, midcaps require caution: Aniruddha Naha

Economic Times

time12 minutes ago

  • Economic Times

Small and largecaps attractive, midcaps require caution: Aniruddha Naha

The capex cycle or the investment-oriented businesses, investment cycle oriented businesses do very well over a period of time Synopsis Aniruddha Naha of PGIM India AMC remains positive on Indian markets, particularly financials, citing strong macro fundamentals and reasonable valuations. He anticipates FII inflows to initially benefit largecaps, eventually spreading to mid and smallcaps. Naha favors financials (especially NBFCs), capital goods, and discretionary consumption, driven by rate cuts, liquidity, and improved consumption trends. "The macro fundamentals look to be very strong out here. And financials as you pointed out, I think so that is one space where there is reasonable amount of opportunity to build a good long-term portfolio and valuations are quite reasonable out there. So, remain positive on markets, remain positive on financials," says Aniruddha Naha, PGIM India AMC. ADVERTISEMENT Firstly, help us with your take on the markets because the last week has been quite an eventful week for the Indian markets. We finally managed to break out of the range and not just that it was the big RBI bazooka as well. I am sure you must also be liking the financial space, but what is your overall take on the markets right now? Aniruddha Naha: So, we have continued to remain positive. I mean, we turned positive somewhere in the month of February, March and our view is whether it is short-term, medium-term, long-term, we remain reasonably positive on markets. Because the smallcaps have seen a reasonable amount of rally of almost 20%, can there be a pullback? There can be. But over the period of time, I mean, into the next couple of years, three years, it is a good time to build portfolios. The macro fundamentals look to be very strong out here. And financials as you pointed out, I think so that is one space where there is reasonable amount of opportunity to build a good long-term portfolio and valuations are quite reasonable out there. So, remain positive on markets, remain positive on financials. Well, yes as far as the positive momentum is concerned for the market, we do see a lot of positive news coming in as far as the inflows are concerned, the FIIs have already bought $1.7 billion of inflow in the month of May and the DIIs have bought $7.9 billion. Also, looking at the SIP numbers that are sitting at all-time highs, there is still that positivity in the market. We have been very-very range bound. But from here on, when we move up like you said you are very bullish on financials, but given that the FII flows might return to India specifically after the rate cuts, do you see the largecap basket benefiting from that? Aniruddha Naha: See, our sense is FIIs as you mentioned is at about 16% ownership. This has very little downside and incrementally as fundamentals for India look comparatively far-far better than what we see in a lot of other markets, invariably you are going to see FII flows coming into India. Will it be towards only largecaps? Yes, largecaps have that liquidity space to accommodate more money, but whenever that happens even domestic investors get positive and that is where you will see the HNI families, the family offices, even retail coming back and that will fill into the midcap, smallcap, microcap. So, yes, the initial rally on the FII side could lead to a largecap rally out there, but we continue to believe that money will flow to places or segments of market where valuations are reasonable. And we see valuations especially in the small, microcap space and the largecap space to be reasonably good. It is only the midcap where we will have to wait and see how things play out given that valuations are a little steep out there. ADVERTISEMENT Help us with your sector preferences as well. Any sector you believe is at an inflection point because we just got done with the earning season as well so any sector which looks promising to you right now? Aniruddha Naha: So, a few sectors which get linked, one is the rate cuts and the liquidity that has come in will definitely see financials participating especially the NBFC segment and probably a quarter or two quarters down the line even the MFIs, their asset quality gets addressed and that will flow through. The second thing as you have got liquidity and your cost of capital goes capex cycle or the investment-oriented businesses, investment cycle oriented businesses do very well over a period of time. So, cap goods will be the second part and third part is consumption because consumption was subdued, but this time around the rains seem to have taken off reasonably well, you have got tax benefits come through on the consumption for taxpayers and the rate cycle seems to be on the lower side, so from that perspective, discretionary consumption would be the third area where we would be extremely positive about how things will play out. (You can now subscribe to our ETMarkets WhatsApp channel) Indian marketsfinancialsFII flowsmacro fundamentalssmallcaps Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY

FM urges expedited refunds, seamless KYC at the 29th FSDC meeting
FM urges expedited refunds, seamless KYC at the 29th FSDC meeting

Mint

time15 minutes ago

  • Mint

FM urges expedited refunds, seamless KYC at the 29th FSDC meeting

Union Finance Minister Nirmala Sitharaman called for swift action to refund unclaimed financial assets to rightful owners and emphasized streamlining know-your-customer (KYC) norms to improve user experience at the 29th meeting of the Financial Stability and Development Council (FSDC) held on Tuesday. The FSDC also deliberated on issues related to macro-financial stability and India's preparedness to deal with them, the finance ministry said in a statement. 'In light of the analysis of cybersecurity regulations, sectoral preparedness, and the recommendations of the Financial Sector Assessment Programme (FSAP) 2024-25, the FSDC considered strengthening the cyber resilience framework of the Indian financial sector through a financial sector-specific cybersecurity strategy,' the statement said. The FSDC also outlined a roadmap to implement past decisions and Budget announcements, focusing on regulatory efficiency, unclaimed assets, and investor onboarding at its latest meeting, it added. At the FSDC meeting, chaired by Sitharaman in Mumbai, regulators were asked to organize coordinated multi-agency district-level camps to facilitate claims of unclaimed amounts—ranging from dormant bank deposits to insurance and pension funds. The interest of common citizens must be kept in mind, Sitharaman said, adding that claims must be refunded expeditiously. Sitharaman also urged members to take proactive steps to ensure a seamless KYC experience across financial services. Meanwhile, the FSDC also discussed prescribing common KYC norms, including for NRIs, and greater digitalization of the onboarding process apart from reviewing progress on earlier decisions and budget announcements. Key discussions included strategies to reduce unclaimed financial assets, enhance regulatory responsiveness, boost investments, expand factoring services, and strengthen the account aggregator ecosystem, the finance ministry said. The council assessed global and domestic macro-financial developments and highlighted the need to remain vigilant against potential systemic risks, the ministry said, adding that the FSDC reviewed cybersecurity preparedness in the financial sector, following the Financial Sector Assessment Programme (FSAP) 2024–25, and discussed building a sector-specific cyber resilience strategy. The 29th meeting of the FSDC was attended by top ministry of finance officials including MoS finance Pankaj Choudhary, finance secretary Ajay Seth, chief economic adviser V. Anantha Nageswaran, RBI governor Sanjay Malhotra, and heads of Sebi, Irdai, PFRDA, IFSCA, IBBI, and CERT-In.

India, US trade talks hit a speed bump
India, US trade talks hit a speed bump

Hindustan Times

time20 minutes ago

  • Hindustan Times

India, US trade talks hit a speed bump

The latest round of in-person trade negotiations between the India and US concluded in New Delhi on Tuesday with progress on multiple fronts but without significant breakthrough on tariff issues, people aware of the matter told HT, identifying recent 'protectionist' measures by Washington to slap 50% duties on steel and aluminium and its stance on the 10% baseline tariff on all imports as hurdles. The extended six-day negotiation round, which saw the American delegation stay longer than initially planned, highlighted the complex nature of the discussions as both countries race to reach an agreement before the July 9 deadline when additional US tariffs are set to take effect. An American negotiating team led by assistant US trade representative Brendan Lynch arrived in Delhi on June 4 to hold face-to-face negotiations with the Indian team led by special secretary Rajesh Agrawal. This was the fourth time the two sides met at one of the capitals and there was no announcement on Tuesday on whether they had set another in-person meeting. Washington wants duty-free access for American goods, while India is willing to slash duties on most American products to near zero, provided the US reciprocates unequivocally, the people said, requesting anonymity because of sensitivities involved. 'The negotiations held with the US side were productive and helped in making progress towards crafting a mutually beneficial and balanced agreement including through achievement of early wins,' one person said. India outlined three main tariff-related asks for forging an early harvest deal before July 9: the US withdraw its threat of imposing another 16% reciprocal tariff on Indian goods after July 8, repeal safeguard measures against Indian steel, aluminium, automobiles and auto components, and revoke the 10% reciprocal tariff on Indian goods imposed on imports from 57 countries from April 5. 'India is willing to substantially reduce its MFN rates for American goods through the proposed BTA to address its trade deficit concern. Ideally, the US should also reciprocate by reducing MFN rates. Least it could withdraw all additional tariff and non-tariff measures against Indian goods shipped to America,' a second person said. According to World Trade Organisation rules, the Most Favoured Nation tariff is applicable to all its 166 members alike. Two countries can, however, reduce MFN rates under bilateral preferential trade arrangements such as free trade agreements. While doubling safeguard duties on steel and aluminium to 50% over MFN rates under section 232 from June 4, the Trump administration spared the UK. For the UK, the levy remained at 25% because the two countries agreed to a US-UK Economic Prosperity Deal, the person said. 'Ideally, the US should also exempt India along with the UK because India was engaged with the United States for a bilateral deal much before President Trump's 'Liberation Day' tariff announcements on April 2,' this person added. On April 2, Trump announced Liberation Day tariffs—a 10% baseline tariff on all imports effective from April 5 and country-specific reciprocal duties of 16% for India, which is suspended until July 8. Indian exporters face practical difficulties under current US tariff structures. 'Indian goods, including handicraft items having parts made of steel or aluminium separately attract a 50% tariff. It is difficult to segregate metal components from any product and calculate two different tariff rates. This is an additional compliance burden, which also needs to be addressed through these talks,' one person said. Like Washington, New Delhi is keen to conclude an early deal and forge a BTA, but it must be 'mutually beneficial' as agreed by Prime Minister Narendra Modi and President Donald Trump on February 13. 'Besides, the US' tariff measures are already under legal scrutiny. Although a federal appeals court reinstated the tariff measure, it is temporary. Even under Section 122 of the US Trade Act of 1974, the President has the authority to impose temporary tariffs or quotas for up to 150 days only. Any extension beyond that would require legislative approval,' the second person said. Indian negotiators emphasised existing goodwill measures taken by New Delhi. 'Despite all these, India is not only willing to cut tariffs on the majority of American imports, but has also reduced duties on several items such as bourbon whiskey and motorcycles. It has already repealed the 6% Google Tax (equalisation levy) and recently approved entry of Elon Musk's satellite internet service Starlink. These are more than goodwill gestures and America must factor them while negotiating a trade deal with India,' the second person added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store