Rev, Sputter, Stall
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GROWTH IN the automotive sector has shown a divergence in FY25 (YTD as of August) with two-wheeler exports leading the charge by growing 13% year-on-year (YoY) to 14,68,145 units from 12,95,132 units in the same period of FY24. Two-wheeler sales posted a strong 16% increase to 92,39,528 units compared to 79,33,196 units the previous year. But rural stress showed in weak domestic tractor sales, which grew 2% to 2,15,679 units. Domestic passenger vehicles followed with a 2% rise to 16,61,063 units. A leading indicator of stress in the economy, CV sales, fell 2% from 3,61,423 units to 3,53,573 units. Domestic three-wheeler sales rose 4% to 2,84,090 units. Auto makers will hope the onset of festive season will bring in good tidings.
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August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.