festival season
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Business
Record Gold Prices Threaten to Damp Festive Season Demand in India
A recent surge in gold prices to a record high has dampened the Indian bullion industry’s hopes for a profitable festival season, despite optimism following a significant cut in import duties two months ago—the lowest in a decade. “After the duty cut, there was a surge in interest, and we were confident this festival season would be extraordinary,” said Prithviraj…
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Business
Honda Aims for One-Third of Sales from Electric Vehicles by 2030
Honda Motorcycle and Scooter India (HMSI), India’s second-largest two-wheeler manufacturer, is set to launch its first electric vehicle (EV) by March 2024, despite delays. Initially planned for earlier in the year, the launch of their electric scooter will mark Honda’s entry into a rapidly growing EV market. Yogesh Mathur, HMSI’s Director of Sales and Marketing, emphasized that while the company…
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