Handset prices rose sharply across major brands in April as rising input costs, supply disruptions, and currency pressures converged, prompting dealers across the country to report a 30% drop in sales volumes. The increase was broad-based, cutting across price tiers and manufacturer categories rather than concentrating in any single segment. Consumers have turned visibly cautious, dealers say, choosing to defer purchases rather than absorb the higher sticker prices. The mechanism is straightforward: imported components and currency-linked procurement costs have lifted the floor price for manufacturers, who are passing those increases downstream to retailers and end buyers. Dealers report that the demand softening is most acute in the mid-range segment, where buyers are most price-sensitive and upgrade cycles are already lengthening. For the broader mobile retail ecosystem, a sustained volume decline at this scale compresses dealer margins, slows inventory turnover, and reduces incentive payouts tied to unit targets. Watch for whether brands respond with promotional financing or absorb partial costs to defend market share through the next quarter.
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Maruti Suzuki crossed two lakh domestic units in July 2026 for the first time, recording 42.4% year-on-year growth. Total sales including exports and OEM supplies reached 2,41,421 units, with all passenger vehicle segments posting gains.
Air India's net loss more than doubled to ₹22,238 crore in FY26, prompting Tata Sons chairman N Chandrasekaran to extend the Vihaan.AI turnaround timeline from five years to as long as a decade.
UpGrad's all-stock acquisition of Unacademy, valued at Rs 1,955 crore, is set to close within three weeks after CCI clearance and near-complete investor sign-offs. The deal combines upGrad's upskilling business with Unacademy's test prep and medical education platforms, with Gaurav Munjal staying on as CEO.