India’s auto sector saw a strong Q3 recovery driven by GST cuts, festive demand, and lean inventories. Broad-based growth in two-wheelers, passenger, and commercial vehicles continued post-festive season. TVS Motor and Maruti Suzuki are highlighted for market share gains and strong growth prospects.
Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutral
The Reserve Bank of India has introduced measures to boost foreign currency inflows, including incentives for external commercial borrowings and bearing hedging costs on FCNR(B)