🗞️ India’s EV Market Hits a Record High
India’s electric vehicle retail sales reached an all-time high of 3,06,220 units in June, with EV penetration crossing 12%, according to FADA.
The milestone reflects accelerating consumer adoption, stronger charging infrastructure, and continued policy support, positioning India as one of the world’s fastest-growing EV markets.
💬 Expert Take — “Crossing the 12% penetration mark is significant. It suggests EVs are moving from an early-adopter phase toward mainstream adoption in India.”
🗞️ India Expands Semiconductor Mission 2.0
The government has expanded Semiconductor Mission 2.0 by extending incentives beyond chip fabrication to include the broader semiconductor ecosystem.
The move aims to strengthen India’s end-to-end chip value chain, covering design, packaging, testing, equipment, and talent development.
💬 Expert Take — “Building a semiconductor ecosystem requires more than fabs. The expanded policy addresses the entire value chain, making India’s chip ambitions more sustainable.”
🗞️ Tata Power Targets ₹90,000+ Crore Revenue by 2030
Tata Power has outlined plans to achieve US$10.71 billion in revenue by 2030 while advancing its nuclear energy ambitions.
The company expects renewable energy, power distribution, and future nuclear projects to drive long-term growth.
🗞️ IMF Slightly Lowers India’s FY27 Growth Forecast
The IMF has trimmed India’s FY27 GDP growth forecast to 6.4% from 6.5%, while continuing to project India as one of the world’s fastest-growing major economies.
The revision reflects global uncertainty rather than a significant deterioration in India’s domestic fundamentals.
🗞️ MedTech Opportunity Could Reach $35 Billion
According to Bain & Company, India’s medical technology sector could become a $35 billion market by 2030.
Growth is expected to be driven by rising healthcare demand, domestic manufacturing, and increased innovation.
🗞️ Auto Components Industry Eyes 10% Growth
India’s auto components industry is expected to grow 8–10% in FY27, supported by stronger domestic vehicle production and rising exports.
The outlook remains positive as OEM demand and global supply chain diversification continue to benefit Indian manufacturers.
🗞️ Rupee Gains Against the Dollar
The rupee appreciated 48 paise to close at 94.95 against the US dollar.
The recovery was supported by easing crude oil prices and improved investor sentiment.
🗞️ Apple Signs $30 Billion Broadcom Deal
Apple will spend $30 billion on Broadcom chips under a long-term agreement that will also fund expansion of Broadcom’s Colorado manufacturing facility.
The deal underscores the growing global investment cycle in AI infrastructure and advanced semiconductor supply chains.
📊 Market Update
📉 Sensex: 76,503.60 ▼ 1,677.12 (-2.15%)
📉 Nifty 50: 23,882.05 ▼ 516.65 (-2.12%)
🪙 Gold (per gram)
24K: ₹14,449 ▼ ₹77
22K: ₹13,245 ▼ ₹70
18K: ₹10,837 ▼ ₹57
🥈 Silver: ₹2,45,000/kg