Maruti Suzuki India shares dip on delay in new variant e-Vitara launch
Dhanya Nagasundaram
Published 11 Jun 2025, 11:07 AM IST Mint Image
Maruti Suzuki India share price dropped more than 1% during Wednesday's trading session, as the company has reduced its short-term production goals for its first electric vehicle, the e-Vitara, by two-thirds due to shortages of rare earth materials, according to a report. This situation reflects the ongoing disruptions faced by the automotive industry as a result of China's export restrictions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
Mint Primer: What's behind the order to clean up dark patterns?
The Central Consumer Protection Authority (CCPA) has directed over 50 digital platforms to remove dark patterns and complete self-audits within three months. What are dark patterns, and why is the CCPA sounding the alarm? Mint explains. What are dark patterns? Dark patterns are deceptive practices used on websites or apps of digital platforms to influence users into actions they may not have planned. These tricks are designed to benefit the platform at the user's expense, and can lead to a financial loss for the user. Dark patterns could include a range of actions like requiring users to submit unrelated private details to continue, enabling automatic renewal of subscription without user-consent or making it hard for the user to unsubscribe, adding new items or increased quantity of a selected item without consent, showing ads disguised as content, among others. What's the CCPA advisory? The Central Consumer Protection Authority last week issued an advisory to e-commerce platforms, urging them to take concrete steps to eliminate unfair trade practices that fall under the category of dark patterns. The advisory called upon platforms to conduct self-audits within three months of the issue of the advisory to identify such practices and submit a self-declaration stating that they are not involved in dark patterns. This move comes in the wake of growing regulatory scrutiny, with the CCPA having already issued 11 notices related to dark patterns, according to Consumer Affairs Secretary Nidhi Khare. Which are the companies under the lens? Notices went out to e-commerce firms, travel aggregators, food-tech platforms, ride-hailing firms, meditech start-ups, streaming services, and fintech firms. Companies include Amazon, Flipkart, Meesho, Paytm, Uber, Apple, Meta, Nykaa, Zomato, Swiggy, Tata 1mg, BookMyShow, BigBasket, Namma Yatri, and Snapdeal among others. How would it monitor dark patterns? The consumer affairs ministry has set up a joint working group (JWG) to strengthen oversight of dark patterns. Comprising key ministries, regulators, consumer rights groups and law universities, the JWG has been tasked with identifying violations, monitoring compliance with dark pattern guidelines, and recommending enforcement actions. It will also propose consumer awareness initiatives and policy measures aimed at curbing deceptive practices and promoting a fairer digital marketplace. Have there been any earlier guidelines? The Consumer Protection (E-Commerce) Rules, 2020 mandate that platforms must obtain user-consent through 'clear and affirmative" action. Meanwhile, the Consumer Protection (Direct Selling) Rules, 2021 hold entities directly accountable for engaging in deceptive or misleading trade practices. In 2023, the CCPA introduced the Guidelines for Prevention and Regulation of Dark Patterns, aimed at curbing 13 manipulative design tactics such aw 'false urgency,' which pressures users into immediate purchases.
NDTV
an hour ago
- NDTV
Royal Enfield Flying Flea C6 Spotted Testing In Ladakh's Rugged Terrain
Royal Enfield is currently in Ladakh testing its upcoming products. The brand recently shared images of prototypes for its upcoming adventure bikes, the Himalayan 750 and the Himalayan Electric (HIM-E). Additionally, the manufacturer's first electric motorcycle, the C6, part of the Flying Flea sub-brand, has been spotted testing in the challenging conditions of Ladakh. It's worth noting that this electric vehicle was previously seen undergoing tests in an urban environment. This is the first time it has been spotted testing in cold climate conditions. The Royal Enfield Flying Flea C6 debuted at EICMA and has since been showcased in India on several occasions. Moreover, the motorcycle's test mule has been spotted testing at various times. This test mule provided insight into its functionality. It comes featuring circular LED lights that showcase the brand's mix of classic and contemporary designs. Staying true to its legacy, the motorcycle boasts a slim frame with an aluminum chassis and girder forks, reminiscent of classic models. Additionally, the bike features a split seat design and black alloy wheels. Also Read: The motorcycle's sleek body incorporates a magnesium casing that optimizes air flow. Although the bike's specifications are not yet revealed, it is anticipated to have a range of about 100 km, as it has been designed for urban settings. To fulfill its intended function, the manufacturer has focused on reducing the bike's weight to under 100 kg. Beyond its visual appeal, the manufacturer has significantly invested in the technology present in the bike. It is being regarded as the most feature-rich motorcycle to come from Royal Enfield's production. It is set to include a round touchscreen display that allows for various functionalities such as voice commands and connectivity. To support these advanced features, the company has integrated Qualcomm's Snapdragon processor. During the launch event, Mario Alvisi, the Chief Growth Officer for Electric Vehicles at Royal Enfield, emphasized that this motorcycle would include the latest and most advanced features.
Time of India
4 hours ago
- Time of India
Asian stocks slide, oil and gold jump after Israel strikes Iran
Stocks dived in early Asian trade on Friday, led by a selloff in U.S. futures, while oil prices jumped after Israel conducted a military strike on Iran, sending investors scurrying to safe havens such as gold and the Swiss franc. The Israeli attack raises the risk of a fresh escalation in tensions in the Middle East, a major oil producing region, and comes at a time of heightened pressure on the global economy and financial markets from U.S. President Donald Trump's shakeup of trade policies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Market reaction was swift, with U.S. S&P E-mini futures slumping 1.5% as of 0055 GMT and Nasdaq futures skidding 1.7%. Japan's Nikkei lost 1.4% and South Korea's KOSPI slipped 1.2%. Brent crude jumped more than 6% to $73.56 per barrel. Gold climbed 1% to about $3,419 per ounce. Live Events Israel said it was declaring a state of emergency in anticipation of a missile and drone strike by Tehran, after what it called a "preemptive strike" over Iran's nuclear programme. Explosions were heard northeast of Iran's capital Tehran early on Friday, the state-run Nour News said. Two U.S. officials who spoke on condition of anonymity said Israel had begun carrying out strikes on Iran and there was no U.S. assistance or involvement in the operation. CNN reported that Trump was convening a cabinet meeting. "Traders are scurrying for safety as reports of a strike on Iran cross the wires," said Karl Schamotta, chief market strategist at Corpay in Toronto. "But details on the scale and magnitude of the attack remain scarce and moves have been relatively limited thus far." Tensions had been building as Trump's efforts to reach a nuclear deal with Iran appear to be deadlocked. U.S. and Iranian officials were scheduled to hold a sixth round of talks on Tehran's escalating uranium enrichment programme in Oman on Sunday, according to officials from both countries and their Omani mediators. The Swiss franc gained about 0.4% to 0.8072 per U.S. dollar, and fellow safe haven the yen appreciated 0.3% to 143.06 per dollar. The euro eased 0.3% to $1.1553, giving back a little of its 0.9% overnight jump.
