Why U.S. Oil Companies Are Not Plugging the Worlds Energy Gap
GLOBAL NEWS | Fri, 1 May 2026, 4:01PM IST
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Petrol, diesel price hike in near future not ruled out, say govt sources
INDIA BUSINESS | Fri, 1 May 2026, 3:47PM IST
Fuel prices may rise soon. Government sources indicate a potential increase in petrol and diesel rates. This comes as oil companies face mounting losses. Retail prices have been frozen for four years. Global crude oil prices have surged significantly. This situation puts pressure on state-owned oil firms. Consumers might see higher fuel costs in the coming days.
Continue reading at Economic Times
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UPI transactions dip 1.7% by value in April after record March
INDIA BUSINESS | Fri, 1 May 2026, 3:46PM IST
UPI transactions dipped in April after March highs, but rising daily volumes signal steady growth in India's digital payments ecosystem
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India's total power consumption grows by 4 per cent to 154 billion units in April
INDIA BUSINESS | Fri, 1 May 2026, 3:46PM IST
India's power consumption saw a 4.04 percent rise in April. Unseasonal rains initially subdued demand. However, rising temperatures later in the month pushed power demand higher. Peak power demand reached a record 256.11 GW. Experts predict further increases in power demand from May onwards due to a harsh summer. Monsoon is expected to bring relief in June.
Continue reading at Economic Times
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INDIA BUSINESS | Fri, 1 May 2026, 3:45PM IST
India has successfully shielded consumers from global energy price shocks despite disruptions from the Strait of Hormuz closure. Union Minister Hardeep Singh Puri stated that the country absorbed fiscal impacts rather than passing them to consumers, maintaining stable retail fuel prices for 60 days through long-term planning and diversified sourcing.
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Maruti starts FY27 with a bang as record April sales jump over 33%
INDIA BUSINESS | Fri, 1 May 2026, 3:25PM IST
Maruti Suzuki India achieved a record total sales of 2,39,646 units in April. This marks a significant 33.29 percent year-on-year growth. The company's small car segment showed robust performance, contributing substantially to this achievement. Domestic sales also reached an all-time high. Maruti Suzuki is off to a strong start for the new fiscal year.
Continue reading at Economic Times
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Maruti Suzuki India posts record sales at 2,39,646 units in Apr
INDIA BUSINESS | Fri, 1 May 2026, 3:25PM IST
Maruti Suzuki India achieved a record total sales of 2,39,646 units in April. This marks a significant 33.29 percent year-on-year growth. The company's small car segment showed robust performance, contributing substantially to this achievement. Domestic sales also reached an all-time high. Maruti Suzuki is off to a strong start for the new fiscal year.
Continue reading at Economic Times
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Royal Enfield sales up 31% at 1,13,164 units in April
INDIA BUSINESS | Fri, 1 May 2026, 3:22PM IST
Royal Enfield saw a significant 31 percent jump in total sales for April 2026. Domestic sales climbed 37 percent, showing strong market performance. Exports experienced a slight dip. The company launched its first electric model, the Flying Flea C6, receiving positive feedback. Key international markets also performed well, contributing to the overall growth momentum for the new financial year.
Continue reading at Economic Times
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Explained: What Do RBI's New Auto-Debit Rules Mean For Your UPI, Card Payments?
INDIA MARKET | Fri, 1 May 2026, 3:21PM IST
Under the new rules, users will receive mandatory pre-debit notifications before any automatic payment is processed.
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Election Bill: Rahul slams government on commercial LPG price hike
INDIA BUSINESS | Fri, 1 May 2026, 3:20PM IST
The Leader of Opposition in the Lok Sabha said he had warned that the heat of inflation would strike after the elections
Continue reading at The Hindu
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Growth Leaders: 12 stocks with stellar 30%+ YoY sales gains
INDIA MARKET | Fri, 1 May 2026, 3:17PM IST
Twelve Nifty500 companies posted 30%+ YoY sales growth in Q4 FY26, signalling strong demand and accelerating business momentum.
Continue reading at Economic Times
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Aurobindo Pharma Arm CuraTeQ Gets Health Canada Nod For Biosimilar
INDIA MARKET | Fri, 1 May 2026, 3:16PM IST
CuraTeQ Biologics also has two additional biosimilar applications under review by Health Canada, the filing said.
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April Auto Sales Live: Maruti Suzuki Sees Highest Ever Monthly Sales; Royal Enfield Beats Estimates
INDIA MARKET | Fri, 1 May 2026, 3:13PM IST
April Auto Sales Live: Auto majors such as Tata Motors, Maruti Suzuki, others declared auto sales figures
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Will Sensex, Nifty rally after state election results? Here's why analysts advise caution
INDIA MARKET | Fri, 1 May 2026, 3:12PM IST
Kotak Institutional Equities says any election-driven market rally may be short-lived, as rising oil prices and a widening deficit pose bigger risks. While positive poll outcomes could lift sentiment briefly, escalating geopolitical tensions and surging crude are likely to shift focus back to macroeconomic pressures.
Continue reading at Economic Times
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War-Led Cost Surge Hits Fertiliser Sector; Industry Flags Packaging Shock, Seeks Policy Support
INDIA MARKET | Fri, 1 May 2026, 3:11PM IST
The government has been pushing a shift towards alternatives such as nano urea, organic fertilisers and residue-free farming, while also expanding regulatory oversight-bringing over 200 biofertilisers under the Fertiliser Control Order.
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India auto retail sees broad-based growth in April; two-wheelers lead surge: Goldman Sachs
INDIA BUSINESS | Fri, 1 May 2026, 3:01PM IST
India's auto market saw strong growth in April. Two-wheeler sales increased significantly, outpacing passenger vehicles. Commercial vehicle volumes also rose steadily. Three-wheelers experienced the sharpest growth, indicating a strong recovery. Electric vehicle penetration is rising, though internal combustion engines still dominate. The data reflects widespread expansion across all vehicle segments.
Continue reading at Economic Times
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ALPA Urges DGCA To Block FDTL Relaxations After Two Pilot Deaths In A Week
INDIA MARKET | Fri, 1 May 2026, 3:00PM IST
The appeal comes after an Air India pilot died in Bali during scheduled rest
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US-Iran war shrinks Dubai hotel menus
INDIA NEWS | Fri, 1 May 2026, 2:55PM IST
DUBAI: Dubai chef Shaw Lash at Mexican restaurant Lila Molino flies in her avocados and tomatillos, small, tart green fruits native to Central America that are a staple of Mexican cuisine and key for her colourful and spicy dishes.Now the two-month-old war in Iran is making such ingredients harder to source and more expensive, Lash and other chefs said, as the Gulf grapples with the closure of the Strait of Hormuz sea route and spiking jet fuel prices push up air freight costs.Lash has scaled back production, cut her payroll, and is buying ingredients in smaller quantities for now - measures she expects to be temporary. She's focusing on her make-at-home fajita kits which have been a hit, and her grocery line."The reality is cargo has gotten more expensive, gas prices have gone up, the Strait of Hormuz is still blocked," Lash told Reuters at her restaurant in Dubai's trendy Alserkal Avenue art and culture district."This is really creating a problem for us as far as our supply."Chefs in the glitzy city are adapting their menus, with some turning to more regional or readily available foods, or offering fewer dishes. Dubai authorities have rolled out broader economic support measures, relief on fees and campaigns to get people dining.RESTAURANTS FACE PERIOD OF 'DISRUPTED FOOTFALL'The trend is a challenge for the UAE's wider full-service restaurant market estimated to be worth $9.5 billion last year by market researcher Mordor Intelligence. Before the war started, it predicted 20% growth to $11.3 billion this year.But the war may change the equation. After the U.S. and Israel launched strikes on Iran in late February, the Gulf saw several weeks of Iranian missile and drone attacks. Although a ceasefire came into effect on April 8, the Strait of Hormuz, the only sea access to the UAE, which imports more than 80% of its food for consumption, remains effectively closed.The war has cut regional tourist arrivals, hit shopper numbers in luxury malls, high-end car sales, and disrupted restaurants, a pillar of Dubai's booming leisure and tourism sector carefully built on an image of grandeur and safety.A survey by Juniper Strategy and the Global Restaurant Investment Forum found that UAE foodservice operators reported they were experiencing an average 27% drop in demand levels versus a year ago. Supplier cost increases averaged 13%, according to the report, which consulted 30 industry leaders between April 1-8, who operate some 400 restaurants.It added tourist-exposed locations and business districts were under the greatest pressure while residential establishments showed greater resilience, and in some cases, growth.The Dubai Department of Economy and Tourism said in a statement that some operators were navigating a "period of disrupted footfall" and were finding creative ways to respond."Across the city, restaurants, chefs and platforms are adapting through new formats, targeted offers and community-led initiatives," it said in a document sent to Reuters.The UAE ministry of economy and tourism did not respond to a request for comment.CHEFS TURN TO LOCALLY SOURCED INGREDIENTSKelvin Cheung, chef at fusion restaurant Jun's Dubai, told Reuters that finding alternative routes to transport hard-to-source perishable ingredients, such as Norwegian scallops or certain Japanese seafood, had become a costly challenge."Your only option was then to fly air freight, which would increase our costs by about thirty, thirty-five percent," he said, adding he had turned to using local fish on his menu.Air freight rates have risen by as much as 70% on some routes as the war has stymied oil shipments from the Gulf and pushed up jet fuel costs. Flights to and from the UAE are only slowly returning to normal."Tourism has taken a huge hit," said Cheung. "That massive influx of tourists who provide that extra boost of economy, of spend, across all industries is what we're missing now."Cheung has introduced a six-course menu for 225 dirhams ($61) using locally sourced ingredients. The restaurant has retained all its staff. Other venues are set to roll out discounted set-price meals for Restaurant Week in May.The conflict has sharpened existing challenges like high fixed costs, tourism reliance and supply-chain exposure, said food writer Courtney Brandt, who has been in the region since 2007, adding the market was already saturated before the war."We were due for a correction," she said, adding that international brands, often with celebrity chefs and deeper pockets, could fare better but that mounting costs were a challenge despite local support."Difficult decisions have to be made if businesses are going to survive."Some fine-dining venues, including in the luxury Atlantis hotels on Dubai's iconic man-made palm-shaped island, have temporarily closed for refurbishments, not citing the war. Others have opened, including Italian restaurant Siena in early April in Dubai and Isabel Mayfair in UAE capital Abu Dhabi.Chefs Lash and Cheung expect the market to pick up."Over the last few weeks, especially with the ceasefire and schools resuming, we've started to see a positive uplift in business and overall movement across the city. There is a sense of normalcy slowly returning," said Cheung.($1 = 3.6730 UAE dirham)
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Aurobindo Pharma arm CuraTeQ gets Health Canada nod for biosimilar
INDIA BUSINESS | Fri, 1 May 2026, 2:53PM IST
Aurobindo Pharma announced a significant development today. Its subsidiary, CuraTeQ Biologics, has received a compliance notice from Health Canada for its cancer drug Bevqolva. This approval marks a crucial step for the bevacizumab biosimilar. Bevqolva is used to treat various cancers. Health Canada's nod confirms its safety and efficacy. This opens new avenues for cancer treatment in Canada.
Continue reading at Economic Times
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India, U.K. discuss ways to boost bilateral trade
INDIA BUSINESS | Fri, 1 May 2026, 2:53PM IST
The bilateral trade was discussed during a virtual meeting between Commerce and Industry Minister Piyush Goyal and U.K. Secretary of State for Business and Trade Peter Kyle
Continue reading at The Hindu
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Vedanta Aluminium told to pay Rs 233 crore for unauthorised water extraction in Odisha
INDIA BUSINESS | Fri, 1 May 2026, 2:51PM IST
Vedanta Aluminium faces a hefty Rs 233.11 crore demand for unauthorized water extraction. The company allegedly drew large volumes of water daily from Bheden river without permission. This includes base charges, a six-time penalty, and monthly interest. The Burla irrigation division has issued a one-month deadline for payment.
Continue reading at Economic Times
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Motorcycle maker Royal Enfield sales rise 31% to 113,164 units in April
INDIA BUSINESS | Fri, 1 May 2026, 2:50PM IST
Mid-size motorcycle maker Royal Enfield on Friday reported a 31 per cent rise in total sales at 1,13,164 units in April 2026 as compared to 86,559 units sold in the same month last year.
Domestic sales were at 1,04,129 units as against 76,002 units in April 2025, up 37 per cent, Royal Enfield, a part of Eicher Motors group, said in a statement.
However, exports were down 14 per cent at 9,035 units last month as compared to 10,557 units in April 2025, it added.
"We have started the new financial year with strong momentum, setting the tone for an exciting and important year ahead. April 2026 was special for us as we took our first step into electric mobility with the launch of the Flying Flea C6 -- which has received an overwhelmingly encouraging response," Eicher Motors Ltd Managing Director and Royal Enfield CEO, B Govindarajan said.
Internationally, he said, "Our key markets continue to perform well, driven by successful new launches, industry accolades and a growing rider ...
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EV sales jump nearly 70% in Jan-Apr; momentum sustains beyond March spike
INDIA MARKET | Fri, 1 May 2026, 2:49PM IST
April volumes hold near peak despite fewer selling days; Tata leads while M&M and Maruti gain share amid broad-based growth
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India-UAE trade crosses $100 billion under free trade pact: Piyush Goyal
INDIA NEWS | Fri, 1 May 2026, 2:46PM IST
The India-UAE free trade agreement, which came into force in May 2022, has helped the bilateral trade to cross USD 100 billion, Commerce and Industry Minister Piyush Goyal said on Friday.
The Comprehensive Economic Partnership Agreement (CEPA) with the UAE acts as a gateway to Africa, other GCC and Middle Eastern countries, CIS (Commonwealth of Independent States) countries and some European countries.
Bilateral merchandise trade has grown strongly, crossing USD 100 billion, with services trade also rising steadily and opening new markets and greater value, he said in a social media post.
The bilateral trade stood at USD 101.25 billion in 2025-26 compared to USD 100.03 billion in 2024-25.
The trade, he said, has expanded in key sectors like gems and jewellery, engineering goods, electronics, and agriculture.
During 2025-26, India's exports to the UAE rose about 2 per cent to USD 37.36 billion, while imports were up 0.77 per cent to USD 63.89 billion, resulting in a trade deficit o
Continue reading at Business Standard
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Coal India's production in April drops amid rising power demand
INDIA BUSINESS | Fri, 1 May 2026, 2:45PM IST
April brought unexpected challenges for Coal India, the giant behind India's coal production. The company experienced a significant 9.7 percent dip in output, stirring alarms as coal is the backbone of over 70 percent of the nation's electricity supply. With summer demand hitting unprecedented levels, the pressure on power consumption intensifies, risking shortages at thermal plants and affecting various sectors.
Continue reading at Economic Times
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Mumbai-Pune Expressway 'Missing Link' Opens, Bypasses Ghat Stretch, Cuts Travel Time by 30 Minutes
INDIA MARKET | Fri, 1 May 2026, 2:44PM IST
The Missing Link project connects Khopoli on the Mumbai side to Kusgaon near Lonavala in Pune district and is expected to make the expressway fully access-controlled, easing congestion in the 'ghat' (mountain pass) section.
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NSDL Q4 result: Net profit up 8.4% at 90 cr, total income grows 24%
INDIA BUSINESS | Fri, 1 May 2026, 2:42PM IST
National Securities Depository Ltd has reported an 8.4 per cent rise in consolidated net profit to Rs 90.3 crore for the March quarter of FY26.
The company had posted a net profit of Rs 83.3 crore in the corresponding quarter of the previous fiscal.
The total income grew 23.6 per cent to Rs 487 crore in Q4 FY26 from Rs 394 crore a year ago, the depository said in a statement on Friday.
The board of directors has recommended a final dividend of Rs 4 per equity share (face value Rs 2) for FY26, subject to shareholder approval.
For the full financial year ended March 31, 2026, NSDL's net profit rose 11 per cent to Rs 380 crore, and total income rose 8 per cent to Rs 1,660.2 crore.
Separately, the company said it has launched the Women Demat Plan on April 1, offering a three-year waiver on settlement fees for new women account holders. The initiative aims to boost women's participation in capital markets by offering zero transaction fees, no age limit, and allowing joint accounts wher
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Coal India's production falls 9.7% in April amid rising power demand
INDIA BUSINESS | Fri, 1 May 2026, 2:40PM IST
State-owned CIL, the country's largest coal producer, on Friday reported a 9.7 per cent drop in coal production to 56.1 million tonnes (MT) in April, raising concerns over meeting the country's surging energy demands.
The slump in coal production is significant as coal remains the backbone of the country's power generation, accounting for over 70 per cent of electricity output.
Coal India Ltd (CIL) produced 62.1 MT of coal in April 2025-26.
With peak summer demand pushing power consumption to record highs, the production shortfall could strain supplies to thermal plants and industries, potentially leading to higher imported coal costs, the industry leaders said.
Coal India's offtake, or sales to customers, also dropped by two per cent to 63.2 MT in April over 64.5 MT in the corresponding month of the previous fiscal, according to the provisional data.
Coal India subsidiaries, which recorded a decline in production, include Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL
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INDIA BUSINESS | Fri, 1 May 2026, 2:40PM IST
India's transition to electric vehicles (EVs) will depend critically on how quickly it can build out a robust charging ecosystem, with infrastructure readiness emerging as the key trigger for mass adoption, according to a Nomura report.
Continue reading at Economic Times
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Reporters at McClatchy Withhold Bylines in A.I. Dispute
GLOBAL NEWS | Fri, 1 May 2026, 2:37PM IST
Journalists at newspapers like The Miami Herald and The Sacramento Bee are refusing to let the chain use their names on summarized articles generated by a new A.I. tool.
Continue reading at The New York Times
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NFRA sets up 4 separate functional divisions
INDIA BUSINESS | Fri, 1 May 2026, 2:37PM IST
The National Financial Reporting Authority (NFRA) is stepping up its game with the launch of four specialized divisions that will focus on monitoring, oversight, investigation, and disciplinary actions. Prompted by a recent Delhi High Court judgment regarding its authority, this strategic reorganization emphasizes independence among its units.
Continue reading at Economic Times
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Jamshedpur FC vs FC Goa Live Streaming: Likely Lineups; How To Watch ISL Clash On TV, Online?
INDIA MARKET | Fri, 1 May 2026, 2:36PM IST
Having conceded just six goals this season, FC Goa have the joint-best defensive record in the league.
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The Worlds Central Banks Are Wrestling With a Gigantic Problem
GLOBAL NEWS | Fri, 1 May 2026, 2:32PM IST
Inflationary surges and economic slowdowns set off by the war in Iran, tariffs and other Trump policies have forced monetary officials to adjust, our columnist says.
Continue reading at The New York Times
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As Kentucky Derby Becomes a Bigger Business, Locals Feel Left Behind
GLOBAL NEWS | Fri, 1 May 2026, 2:32PM IST
Locals say rising ticket prices and a late start time for the Oaks race on Friday are hurting residents and restaurants. The only thing I see is greed, one steakhouse owner said.
Continue reading at The New York Times
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Obamacare Enrollment Drops Sharply as Costs Rise
GLOBAL NEWS | Fri, 1 May 2026, 2:32PM IST
Americans cant afford the higher health insurance premiums that resulted from Congresss refusal to extend federal tax credits.
Continue reading at The New York Times
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Why So Many People Already Own Shares of Elon Musks SpaceX
GLOBAL NEWS | Fri, 1 May 2026, 2:31PM IST
Even before the rocket company holds a major initial public offering, many people own stock in it through so-called special purpose vehicles.
Continue reading at The New York Times
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Electric Cars Were a Big Deal Over a Hundred Years Ago
GLOBAL NEWS | Fri, 1 May 2026, 2:30PM IST
The very first E.V. was born in the 1830s. By the 1900s, electric carriages were dodging horse droppings in Manhattan streets.
Continue reading at The New York Times
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GLOBAL NEWS | Fri, 1 May 2026, 2:30PM IST
The Swedish appetite for sweets, caffeine and hanging out has led to a profusion of new convivial bakeries.
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After Prison, a Financial Titan Plots an Unlikely Comeback
GLOBAL NEWS | Fri, 1 May 2026, 2:30PM IST
Bill McGlashan served time for trying to buy his sons way into college during the Varsity Blues scandal. He hopes his new venture will restore his name and save the planet.
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After a 60% rally, can Ola Electric shares extend gains following 20% MoM sales growth in April?
INDIA MARKET | Fri, 1 May 2026, 2:29PM IST
Ola Electric shares have surged over 60% from recent lows, supported by a 20% month-on-month rise in April registrations. Despite a broader industry decline, the company posted growth, boosting sentiment. Analysts remain cautious, citing slow EV adoption and execution risks, while maintaining a positive near-term outlook.
Continue reading at Economic Times
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Ola Electric delivers 20% MoM growth in April, continues recovery momentum
INDIA BUSINESS | Fri, 1 May 2026, 2:28PM IST
Ola Electric on Friday announced a strong month-on-month growth in April 2026, with registrations rising to 12,166 units, up from 10,133 units in March, according to VAHAN data.
This represents a 20 per cent MoM increase, building on the recovery momentum seen in March, Ola Electric said in a statement.
The company's performance stood out in a month when the broader electric two-wheeler industry declined by over 22 per cent MoM, it added.
Ola Electric was the only leading EV two-wheeler brand to grow month-on-month in April, reflecting improving customer confidence, stabilising operations, and continued demand for its expanding EV portfolio, the company said.
"March marked a strong recovery for Ola Electric, and April has continued that momentum. Registrations grew 20 per cent month-on-month even as the market declined sharply, making Ola the only leading EV two-wheeler brand to grow in April," an Ola Electric spokesperson said.
This reflects stronger execution, stabilising ...
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INDIA MARKET | Fri, 1 May 2026, 2:27PM IST
Ravi succeeded DK Sunil, who superannuated on April 30.
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Oben Electric eyes Rs 300 crore fundraise for expansion
INDIA BUSINESS | Fri, 1 May 2026, 2:27PM IST
Oben Electric is preparing to raise Rs 300 crore. This funding will boost its product range and expand its sales network. The company sees huge potential in India's electric motorcycle market. Oben Electric aims to significantly increase sales and establish 1000 stores nationwide by FY29. The future of two-wheelers is electric motorcycles.
Continue reading at Economic Times
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