Volvo Car India introduces refreshed XC60 SUV at ₹71.9 lakh
'The XC60 has consistently been one of our most successful models globally, and in India, it has garnered immense customer appreciation. With the latest Refreshed XC60, we are elevating the user experience to the next level, from a new-generation infotainment system and enhanced safety features to a contemporary Scandinavian design language,' said Jyoti Malhotra, Managing Director, Volvo Car India.
'This car is an embodiment of intuitive technology, uncompromising safety, and refined luxury. It powerfully reflects our commitment to offering customers not just premium design, but the best driving experience possible,' he added.
Considering the economic uncertainties and geopolitical tension, the company would have a flat growth this year, Mr. Malhotra said adding the next year could be better than this year. He said Volvo cars are preferred by customers due to safety features, Scandinavian design and because they are sustainable.
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Time of India
3 hours ago
- Time of India
India contributes more to global growth than US, says RBI governor in response to Trump's 'dead economy' remarks
Reserve Bank of India (RBI) Governor Sanjay Malhotra has pushed back against US President Donald Trump's criticism of the Indian economy, stating that India is contributing significantly to global growth and remains on a strong growth trajectory. 'We have a very robust growth rate of 6.5%. As per the IMF, it is 6.4%, while the world is growing at 3%,' Malhotra said when asked to respond to Trump's remarks. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search ads Search Now Undo 'We are contributing about 18% to global GDP growth, which is more than the US, where the contribution is expected to be much lower at 11%. So, we are doing very well and will continue to further improve.' Trump, in a post on his social media platform Truth Social, called India a "dead economy" and criticised the country's trade policies. 'I don't care what India does with Russia,' he wrote. 'They can take their dead economies down together, for all I care. We have done very little business with India. Their tariffs are too high, among the highest in the world,' he added. Malhotra also said that India continues to aspire to grow higher. Live Events 'Our aspirational growth is more than 6.5%. In the past, we have achieved an average of 7.8%, so we should continue to aim for higher growth rates,' he said. The RBI has retained its growth forecast for India at 6.5% for the current financial year.
Time of India
7 hours ago
- Time of India
RBI keeps repo rate unchanged at 5.5%
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Time of India
8 hours ago
- Time of India
RBI governor debunks 'dead eco' remark, flags tariff risks
MUMBAI: on Wednesday dismissed 's comment that India is a "dead economy", highlighting the country's strong growth contribution to the world. "I am not the right person to react to the US President," governor Sanjay Malhotra said, adding that India's growth was "robust at 6.5% versus 4% for the world. Tired of too many ads? go ad free now " He noted: "We are contributing about 18% to the total global growth which is more than US where the contribution is expected to be much lesser, I think about 11% or something. So we are doing very well and we will continue to further improve." Malhotra said some of the impact of US tariff measures had been built into the RBI's revised growth forecast, cut to 6.5% from 6.7% in its previous policy. "However, there is still a lot of uncertainty and it's very difficult to predict the impact going forward," he said, adding that the central bank would "continue to monitor macroeconomic conditions policy-to-policy and take a call accordingly". He pointed out that India is "less dependent on the outside insofar as inflation is concerned" and did not expect a major impact "unless there are retaliatory measures, which I do not foresee". Responding to a question on impact of moving away from Russian oil purchases, Malhotra said: "We source oil from many countries. If the mix changes, the impact on prices will depend on global crude prices and how much of that change is absorbed by the govt through excise duties and other tariffs. We do not see any major impact on inflation at this stage, as the govt is likely to take appropriate fiscal measures in case of any arising shock. " Beyond interest rate changes, Malhotra said RBI had acted "on prudential regulation and Fema to ease business and trade" and would "continue to act as needed". Stay informed with the latest business news, updates on bank holidays and public holidays.
