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Maruti Suzuki urges Indian government for incentives to revive small car sales, highlighting the market's shift under 30% of sales. Strategic interventions are needed for the essential automotive segment.

Maruti Seeks Government Support for Small Car Sales

Maruti Suzuki India appeals for government aid to tackle declining small car sales, vital in past but now below 30% market share. Urgent strategic measures are deemed necessary.

Maruti Suzuki India seeks government incentives to boost the declining small car market, crucial in the past but now under 30% of sales. The manufacturer emphasizes strategic interventions to revitalize this essential automotive segment.

The country's largest carmaker Maruti Suzuki India on Monday called for incentives to spur small car sales in the country as the segment continues to witness gradual decline with affordability factor coming into play.
The small car segment, which had once dominated the Indian total passenger vehicles market, accounts for less than 30 per cent at present.
Entry cars priced below Rs 5 lakh, which used to be around a million units (9,34,538 units) in FY16, have declined to just 25,402 units in FY25.
Maruti Suzuki saw sales of models like Alto and S-Presso decline to 6,776 units in May as against 9,902 units in the same month last year. Even the sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, fell to 61,502 units as compared to 68,206 units in May 2024.
Maruti Suzuki India Senior Executive Officer (Marketing &amp; Sales) Partho Banerjee told reporters in a virtual press conference that with enhanced regulation, prices of small car models have increased significantly impacting the buyers who want to upgrade from two-wheelers to entry level cars.
"So somewhere the government has to understand that if they want to fuel the growth of the auto industry, they need to understand where the problem is and how to increase the size of the pie (small car sales)," he noted.
"Some incentives are required so that the customer who is not able to afford the car can come in and can migrate to a four-wheeler from a two-wheeler." The share of small cars in the overall PV market in India was 47.4 per cent in FY18, and 46 per cent in FY19. In FY20, it improved marginally to 46.5 per cent and has been on a decline since.
In FY21, it was 45.6 per cent, 37.5 per cent in FY22, 34.4 per cent in FY23 and 27.7 per cent in FY24.
The auto major also stated that there was no immediate impact from China's export curbs on rare earth magnets, on its production.
MSI Senior Executive Officer (Corporate Affairs) Rahul Bharti said China has asked for an end-user certificate, endorsed by the government and approved by the Chinese government.
"So that process is on and industry is in discussion with the government," he stated.
China controls over 90 per cent of global processing capacity for the magnets, used across multiple sectors including automobiles, home appliances and clean energy.
Replying to a separate query, he noted that the automaker is aiming to sell 4 lakh units in export markets this fiscal.
"Our target for this year (FY26) is at least four lakh units, which implies a growth of at least 20 per cent over FY25," Bharti said.
He noted that the company's exports are fairly diversified with presence in about 100 countries.
"Africa, Latin America and Southeast Asia are our big markets. We have entered Japan recently, and it has quickly sprung up to the second top most destination on the back of just two models, the Fronx and the Jimny," Bharti said.
And the interesting part is that the EV is still yet to come, and that will shore up the numbers further, he stated.
"We do think that our market share in exports will grow this year. We are already at 43 per cent and the golden mark of 50 per cent is close," Bharti stated.
Last fiscal, Maruti Suzuki reported record exports of 3,32,585 units, a growth of 17.5 per cent over FY24. The auto major had exported 2,83,067 units in 2023-24 fiscal.
The company accounted for nearly 43 per cent of the country's total vehicle exports last fiscal. Fronx, Jimny, Baleno, Swift and Dzire were the highest exported models in FY2024-25 while South Africa, Saudi Arabia, Chile, Japan and Mexico were the top five markets.

In the next 4-year cycle, the Indian men's team is scheduled to play 38 Tets (20 home, 18 away), 42 ODIs (21 home and away each) and 61 T20Is (31 home and 30 away)

No India-Pakistan bilateral series until 2027: here's why

BCCI sent its Future Tour Programme (FTP) for the 2023-27 cycle to all the state associations. The Indian board, however, kept the columns against Pakistan blank!

Tap to know why

In the next 4-year cycle, the Indian men's team is scheduled to play 38 Tests (20 home, 18 away), 42 ODIs (21 home and away each) and 61 T20Is (31 home and 30 away)

BCCI sent its Future Tour Programme (FTP) for the 2023-27 cycle to all the state associations. The Indian board, however, kept the columns against Pakistan blank! This apparently indicates that the Men in Blue and the Pakistani side will not play a bilateral series against each other until 2027 at least. BCCI cannot take any decision regarding playing against the Men in Green until it gets approval from the Indian Government.&nbsp; Also Read <a href="https://www.editorji.com/sports-news/cricket/pca-chief-resigns-after-harbhajan-singh-s-allegations-of-illegal-activities-1665718545983">PCA chief resigns after Harbhajan Singh's allegations of 'illegal activities'&nbsp;</a> In the next 4-year cycle, the Indian men's team is scheduled to play 38 Tests (20 home, 18 away), 42 ODIs (21 home and away each) and 61 T20Is (31 home and 30 away) While the number of bilateral matches has come down from 163 to 141 in comparison to the previous cycle, BCCI secretary Jay Shah said that the quality of the content would improve. In the next cycle, India will play 5 Tests, 3 ODIs, and 5 T20Is vs England and Australia on a home and away basis, he added.&nbsp;

The Union Information and Broadcasting Ministry on Tuesday launched its account on social media platform Telegram to counter fake news.
It was launched as 'PIB Fact Check', which is one of the few government entities to have a telegram channel, and aims to verify information related to the Centre and disseminate to its subscribers.
&ldquo;Earlier, fake channels were being run on Telegram in the name of fact check. PIB, along with telegram, got these fraudulent channels removed,&rdquo; said ministry sources.
PIB Fact Check is the only central government fact-checking arm, which was established in November 2019.

I&B ministry launches account on Telegram for fact-checking

I&amp;B Ministry is fact checking! Launches telegram channel to&nbsp;to counter fake news

Govt launches Telegram account for fact check

The Union Information and Broadcasting Ministry on Tuesday launched its account on social media platform Telegram to counter fake news.
It was launched as 'PIB Fact Check', which is one of the few government entities to have a telegram channel, and aims to verify information related to the Centre and disseminate to its subscribers.
&ldquo;Earlier, fake channels were being run on Telegram in the name of fact check. PIB, along with telegram, got these fraudulent channels removed,&rdquo; said ministry sources.
PIB Fact Check is the only central government fact-checking arm, which was established in November 2019.

'PIB Fact Check' aims to verify information related to the Centre and disseminate it to its subscribers

The Union Information and Broadcasting (I&amp;B) Ministry on Tuesday launched its account on social media platform Telegram to counter fake news.
It was launched as 'PIB Fact Check', which is one of the few government entities to have a telegram channel, and aims to verify information related to the Centre and disseminate to its subscribers.
&ldquo;Earlier, fake channels were being run on Telegram in the name of fact check. PIB, along with telegram, got these fraudulent channels removed,&rdquo; said ministry sources.
PIB Fact Check is the only central government fact-checking arm, which was established in November 2019.

US major Johnson &amp; Johnson reiterated on Monday that it has applied for Emergency Use Authorization (EUA) of its single-dose Covid-19 vaccine in India.
Earlier on Monday, the company had said that it remained committed to bringing its single-dose Covid-19 vaccine to India and looks forward to ongoing discussions with the Indian government.
The US FDA authorised Johnson &amp; Johnson's viral vector Covid-19 vaccine for emergency use in February this year. However, weeks after its authorisation, the vaccine was linked to a rare but serious blood-clotting disorder.
Last month,&nbsp;Europe's medicines regulator&nbsp;added a rare nerve-degenerating disorder, Guillain-Barr&eacute; syndrome, as a possible rare side effect from Johnson &amp; Johnson's Covid-19 vaccine after it reviewed 108 cases reported worldwide.
If J&amp;J's vaccine gets approval in India, it will be the second foreign-made vaccine to be approved in the country, after Moderna.
&nbsp;

Covid-19: Johnson & Johnson applies for emergency use of single-dose vaccine to Indians

US major Johnson &amp; Johnson reiterated on Monday that it has applied for Emergency Use Authorization (EUA) of its single-dose Covid-19 vaccine in India.

<ul>
<li>Johnson &amp; Johnson applies for EUA of its single-dose Covid vaccine in India</li>
<li>US based pharma&nbsp;submitted its emergency use approval application to India</li>
<li>Europe exports&nbsp;sees blood clot cases linked to Johnson &amp; Johnson vaccine</li>
<li>100 cases reported of Guillain-Barre Syndrome&nbsp;after J&amp;J&nbsp;Covid-19 vaccination</li>
<li>J&amp;J's be the second foreign-made vaccine in India, if gets approval&nbsp;</li>
</ul>

Earlier, the company had applied for a trial but as the Centre has now done away with the provision of trial for reputed and recognised vaccines, the Centre asked the vaccine maker to directly apply for approval.

US major Johnson &amp; Johnson reiterated on Monday that it has applied for Emergency Use Authorization of its single-dose Covid-19 vaccine in India.
Earlier on Monday, the company had said that it remained committed to bringing its single-dose Covid-19 vaccine to India and looks forward to ongoing discussions with the Indian government.
The US FDA authorised Johnson &amp; Johnson's viral vector Covid-19 vaccine for emergency use in February this year. However, weeks after its authorisation, the vaccine was linked to a rare but serious blood-clotting disorder.
Last month,&nbsp;Europe's medicines regulator&nbsp;added a rare nerve-degenerating disorder, Guillain-Barr&eacute; syndrome, as a possible rare side effect from Johnson &amp; Johnson's Covid-19 vaccine after it reviewed 108 cases reported worldwide.
If J&amp;J's vaccine gets approval in India, it will be the second foreign-made vaccine to be approved in the country, after Moderna.
&nbsp;

Amid a global chorus in support of the farmers led by pop icon Rihanna and teen climate activist Greta Thunberg's tweets, the Indian govt has hit back. The ministry of external affairs in a statement on Wednesday said that the farm laws were passed by Parliament after full debate and discussion and are in the welfare of farmers. Noting that some vested interests are trying to enforce their agenda on the farmers protest, which led to the violence on Republic Day. The govt has asked the celebs to ascertain facts before commenting on the matter. "The temptation of sensationalist social media hashtags and comments, especially when resorted to by celebs and others, is neither accurate nor responsible," the MEA stated.

'Ascertain facts': Govt hits back amid celeb chorus for farmers

Amid a global chorus in support of the farmers led by pop icon Rihanna and teen climate activist Greta Thunberg's tweets, the Indian govt has hit back

Amid a global chorus in support of the farmers led by pop icon Rihanna and teen climate activist Greta Thunberg's tweets, the Indian govt has hit back. The ministry of external affairs in a statement on Wednesday said that the farm laws were passed by Parliament after full debate and discussion and are in the welfare of farmers. Noting that some vested interests are trying to enforce their agenda on the farmers protest, which led to the violence on Republic Day. The govt has asked the celebs to ascertain facts before commenting on the matter. "The temptation of sensationalist social media hashtags and comments, especially when resorted to by celebs and others, is neither accurate nor responsible," the MEA stated.

The Indian government has listed a bill that would prohibit all private cryptocurrencies in the country. 

Govt lists bill to ban private cryptocurrencies, create digital currency

The Indian government has listed a bill that would prohibit all private cryptocurrencies in the country.

The Indian government has listed a bill that would prohibit all private cryptocurrencies in the country. The bill also provides a framework for the creation of an official digital currency, that will be issued by the Reserve Bank of India. It's worth noting that in April 2018, the RBI effectively banned cryptocurrency transactions via banks and e-wallets, but the ban was later quashed by the Supreme Court in March 2020.

Hate post row: controversial Facebook India policy head quits

Facebook executive Ankhi Das, whose name came up in a recent controversy over alleged bias by the social networking giant in dealing with hate speeches, has resigned. A statement released Tuesday evening by Facebook India's Managing Director, Ajith Mohan&nbsp;said&nbsp;Ankhi has decided to step down from her role to pursue her interest in public service.&nbsp;In his statement Mohan said Ankhi&nbsp;made "enormous contributions" to Facebook's&nbsp;growth in her nine years with the company. Her resignation comes weeks after both the company and she faced questions - both internally from employees and from the Indian government and Opposition- over how political content is regulated on the massively popular social media platform.
&nbsp;

Hate post row: controversial Facebook India policy head quits her job

Controversial Facebook&nbsp;executive quits amid row Ankhi&nbsp;Das&nbsp;accused of favouring BJP&nbsp;on hate posts Facebook: Das&nbsp;has quit to pursue her interests Das&nbsp;accused of blocking action against BJP&nbsp;leaders Facebook&nbsp;slammed for allowing right wing hate posts

Facebook executive Ankhi Das, whose name came up in a recent controversy over alleged bias by the social networking giant in dealing with hate speeches, has resigned. A statement released Tuesday evening by Facebook India's Managing Director, Ajith Mohan&nbsp;said&nbsp;Ankhi has decided to step down from her role to pursue her interest in public service.&nbsp;In his statement Mohan said Ankhi&nbsp;made "enormous contributions" to Facebook's&nbsp;growth in her nine years with the company. Her resignation comes weeks after both the company and she faced questions - both internally from employees and from the Indian government and Opposition- over how political content is regulated on the massively popular social media platform.
&nbsp;

India hits back at UN  human rights chief after remark on NGOs

India on Tuesday strongly reacted to UN High Commissioner for Human Rights Michelle Bachelet's concern over restrictions on NGOs and arrest of activists, saying that violations of law cannot be condoned

India on Tuesday strongly reacted to UN High Commissioner for Human Rights Michelle Bachelet's concern over restrictions on NGOs and arrest of activists. New Delhi said that violations of law cannot be condoned under the pretext of human rights and a more informed view of the matter was expected of the UN body. External Affairs Ministry Spokesperson Anurag Srivastava also asserted that India was a democratic polity based on the rule of law and an independent judiciary. Earlier, Bachelet expressed concern over the restrictions on foreign funding for the NGOs and the arrest of activists in the country.

New Delhi/Geneva, PTI: India on Tuesday strongly reacted to UN High Commissioner for Human Rights Michelle Bachelet's concern over restrictions on NGOs and arrest of activists. New Delhi said that violations of law cannot be condoned under the pretext of human rights and a more informed view of the matter was expected of the UN body.
External Affairs Ministry Spokesperson Anurag Srivastava also asserted that India was a democratic polity based on the rule of law and an independent judiciary.
"We have seen some comments by the UN High Commissioner for Human Rights on an issue relating to the Foreign Contribution Regulation Act (FCRA). India is a democratic polity based on the rule of law and an independent judiciary.
"The framing of laws is obviously a sovereign prerogative. Violations of law, however, cannot be condoned under the pretext of human rights. A more informed view of the matter was expected of a UN body," Srivastava said.
Earlier, Bachelet expressed concern over the restrictions on foreign funding for the NGOs and the arrest of activists in the country.
She appealed to the Indian Government to "safeguard the rights of human rights defenders and NGOs, and their ability to carry out their crucial work" on behalf of the many groups they represent.
"India has long had a strong civil society, which has been at the forefront of groundbreaking human rights advocacy within the country and globally," she said in a statement.
"But I am concerned that vaguely defined laws are increasingly being used to stifle these voices," she said.
Bachelet specifically cited as "worrying" the use of the FCRA, which prohibits the receipt of foreign funds "for any activities prejudicial to the public interest." As per the amended FCRA law, furnishing of Aadhaar numbers by office-bearers of NGOs has become mandatory for registration. The Act also provides for reduction in administrative expenses of any NGO receiving foreign funding, from 50 per cent to 20 per cent of annual funds to ensure spending on their main objectives.
The government has maintained that the legislation was not against any NGO and was an effort to maintain transparency

Indian delegate walks out of UNGA during Imran's speech

India's Permanent Representative to the United Nations TS Tirumurti on Friday walked out of the UN General Assembly Hall when Pakistan Prime Minister Imran Khan began his speech. He later tweeted to say Imran Khan's statement at the 75th UN General Assembly is a 'new diplomatic low'. Adding that a befitting reply awaits, he said the speech was another litany of vicious falsehoods, personal attacks, warmongering and obfuscation of Pakistan&rsquo;s persecution of its own minorities and of its cross-border terrorism. Pakistan Prime Minister in a scathing speech lashed out at India in his speech, targeting the govt of persecuting minorities, he cautioned against rising Islamophobia across the world. He also raked up the world community's attention towards the human rights violations by the Indian government in Kashmir.

Indian delegate walks out of UNGA during Imra's speech

Indian envoy walks out of UNGA&nbsp;during Imran's speech
India calls Pakistan PM's speech 'a new diplomatic low'
((show tweet, highlight befitting reply awaits))
Pak&nbsp;PM targeted India for persecution of minorities
Imran Khan rakes up J&amp;K issue at the UNGA forum

India's Permanent Representative to the United Nations TS Tirumurti on Friday walked out of the UN General Assembly Hall when Pakistan Prime Minister Imran Khan began his speech. He later tweeted to say Imran Khan's statement at the 75th UN General Assembly is a 'new diplomatic low'. Adding that a befitting reply awaits, he said the speech was another litany of vicious falsehoods, personal attacks, warmongering and obfuscation of Pakistan&rsquo;s persecution of its own minorities and of its cross-border terrorism. Pakistan Prime Minister in a scathing speech lashed out at India, targeting the govt of persecuting minorities, he cautioned against rising Islamophobia across the world. He also raked up the world community's attention towards the human rights violations by the Indian government in Kashmir.

Mental health in a bio-bubble for IPL stars

How tough it is for IPL-bound players to maintain&nbsp;their mental health&nbsp;in such unprecedented environment?

The Indian Premier League amid the Covid-19 pandemic seemed highly unlikely until UAE&nbsp;approached the BCCI&nbsp;to host the cash-rich league. Cricket was brought to a standstill but UAE&nbsp;government's assurance of a bio-secure bubble with precautions&nbsp;of the highest level, raised hope and the Indian government finally gave IPL&nbsp;a nod. As per the standard operating procedures, it was mandatory for all the players and staff members to undergo a 7-day quarantine which included Covid-19&nbsp;tests on every alternate day before training resumed for all the franchises.
Bite: VIRAT&nbsp;KOHLI, Captain, RCB
'We are all here to play cricket. The bio-bubble needs to be respected at all times for the tournament to happen eventually. We are not here to have fun and roam around and hang out in Dubai. That is not the time we are living in. Accept the phase that we are going through and understand the privilege that we have, just to be a part of the IPL. Everyone should accept that and not behave in a manner which situation doesn't require them to'
But life in quarantine is not just about isolation but also about how well do players manage their mental health.&nbsp;
BITE: RICKY PONTING, Coach, Delhi Capitals
'It's a hard tournament and it's more challenging this year with the protocols and everything in place. But that is what it is and we got to learn to cope with it and enjoy it. we just need to embrace the challenge and get on with it'
Players also faced issues managing their mental health.&nbsp;Complete isolation in a foreign country without a family member made Ravichandran Ashwin frustrated and he called quarantine in UAE the worst time of his life.
((QUOTE GFX IN))
R ASHWIN
'I was at home for the last five-six months. But I had people to fall upon. I heavily depended on my mobile phone to pass time, which was making me sick. I couldn't even read the books as my concentration was all over the place.'
((QUOTE GFX&nbsp;CHANGE))
CHAHAL
'Training and living in the bubble is very different but&nbsp;I'm mentally prepared to be in the bubble till the situation all over gets back to normal.'
((QUOTE GFX&nbsp;CHANGE))
SHAMI
'When we came to&nbsp;UAE&nbsp;and got quarantined, those 6 days felt more difficult than the 4 months we quarantined for in India'
((GFX&nbsp;OUT))
Though there won't be much workload issue for the players as&nbsp;despite back to back matches and training, players won't have to travel much since all matches will be played across 3 venues this season. But maintaining discipline in such an unprecedented environment is surely difficult and players'&nbsp;mental health is bound to take a toll.

The Indian Premier League amid the Covid-19 pandemic seemed highly unlikely until UAE&nbsp;approached the BCCI&nbsp;to host the cash-rich league. Cricket came to a standstill but UAE&nbsp;government's assurance of a bio-secure bubble with precautions raised hope and the Indian government finally gave IPL&nbsp;a nod. As per the standard operating procedures, it was mandatory for all the players and staff members to undergo a 7-day quarantine which included Covid-19&nbsp;tests on every alternate day before training resumed for all the franchises.
Royal Challengers Bangalore skipper Virat&nbsp;Kohli&nbsp;stressed upon&nbsp;the fact that how important it was to respect the bio-bubble. But life in quarantine is not just about isolation but also about how well do players manage their mental health.&nbsp;
Delhi Capitals head coach Ricky Ponting&nbsp;reiterated the fact that with&nbsp;all the protocols in place, this season of the IPL&nbsp;is even more&nbsp;challenging.
Players also faced issues managing their mental health.&nbsp;Complete isolation in a foreign country without a family member made Ravichandran Ashwin frustrated and he called quarantine in UAE the worst time of his life. The off-spinner said that when he was at home for the last five-six months, he had people to fall upon but that wasn't the case while quarantining in UAE. The 33-year-old added that he heavily depended on his mobile phone to pass time, which was making him sick. He couldn't even read the books as his concentration was all over the place.
RCB&nbsp;leg-spinner Yuzvendra&nbsp;Chahal&nbsp;also opened up on the&nbsp;challenges faced in a bio-secure bubble and said that training and living in the bubble is very different. But he is mentally&nbsp;prepared to be in the bubble till the situation all over gets back to normal.
Kings XI Punjab pacer Mohammed&nbsp;Shami&nbsp;said that 6 days of isolation in UAE&nbsp;felt more than the 4 months everyone had to quarantine themselves in India.
Though there won't be much workload issue for the players as&nbsp;despite back to back matches and training, players won't have to travel much since all matches will be played across 3 venues this season. But maintaining discipline in such an unprecedented environment is surely difficult and players'&nbsp;mental health is bound to take a toll.

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