Mahindra has expanded its electric vehicle portfolio with the launch of the XEV 9e Cineluxe special edition, priced at Rs. 29.35 lakh (ex-showroom). Positioned above the Pack Three Select variant equipped with an 11kW AC charger and priced at Rs. 28.65 lakh, the new edition commands a Rs. 70,000 premium. The incremental pricing reflects primarily cosmetic enhancements aimed at strengthening the model’s aspirational positioning rather than mechanical upgrades.

India’s automobile retail market gathered significant momentum in February, with sales across major vehicle categories rising between 25% and 36% year on year, according to an analysis of Vahan registration data by Elara Securities. The surge was broad-based, encompassing two-wheelers, passenger vehicles, tractors and commercial vehicles. Notably, cumulative performance for FY26 has now shifted firmly into double-digit growth territory across all key segments.

TVS Motor Company reported a robust performance in February 2026, posting total sales of 5,29,308 units, a 31% increase over 4,03,976 units a year earlier. The growth was broad-based across domestic and international markets, with exports reaching a record 1,58,268 units. Two-wheeler volumes rose nearly 30% year on year, while three-wheeler sales surged 77%. Electric mobility remained a standout contributor, with iQube sales climbing 60%.

Kia India has achieved its strongest February performance since entering the Indian market, dispatching 27,610 units in February 2026. The figure represents a 10.3% year-on-year increase over the 25,026 units sold in February 2025, underscoring resilient consumer demand despite evolving market dynamics. On a month-on-month basis, sales remained largely stable compared with 27,603 units in January 2026, signaling consistent momentum at the start of the calendar year.

The Directorate General of GST Intelligence has arrested Rishi Gupta, managing director and CEO of Fino Payments Bank, in connection with an alleged Goods and Services Tax evasion case tied to online betting operations. The Hyderabad unit of the intelligence agency initiated the action following an investigation into suspected tax irregularities involving digital payment channels. Authorities are examining whether banking infrastructure was used to facilitate transactions associated with betting platforms that allegedly bypassed statutory tax obligations.

ICICI Prudential Mutual Fund has announced the suspension of fresh subscriptions in three of its international schemes effective March 2, reflecting ongoing regulatory limits on overseas investments by Indian mutual funds. The affected schemes include the ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Nasdaq 100 Index Fund and ICICI Prudential Strategic Metal and Energy Equity Fund of Funds. The decision, communicated to investors through a formal notice-cum-addendum, underscores the structural constraints imposed by aggregate industry-wide foreign investment caps.

India’s Goods and Services Tax (GST) collections rose 7.9 percent year-on-year in February, underscoring steady economic activity and continued compliance improvements. The growth reflects resilient domestic consumption, stable industrial output and sustained trade flows despite global headwinds. February’s uptick adds momentum to cumulative fiscal-year collections, strengthening the government’s revenue base and supporting expenditure commitments. Analysts view the expansion as a sign of formalization gains within the economy and enhanced digital tax administration.

Vertex Group has announced the launch of a dedicated Responsible AI Lab in Gurgaon, backed by an investment commitment of Rs. 100 crore over the next three years. The initiative is designed to advance ethical artificial intelligence development, strengthen enterprise solutions and support the company’s global expansion ambitions. By institutionalizing responsible AI research and governance frameworks, Vertex aims to align innovation with regulatory compliance and long-term digital transformation goals.

IIFL Home Finance has secured a USD 300 million loan from the Asian Development Bank (ADB) to strengthen its affordable housing portfolio in India. The funding is expected to enhance liquidity, expand credit access to economically weaker and low-income segments, and support sustainable housing initiatives. As urbanization intensifies and housing demand rises across tier-II and tier-III cities, long-term institutional funding plays a critical role in bridging financing gaps.

Glenmark Pharmaceuticals has introduced a generic version of Sodium Phosphates Injection in the United States, strengthening its foothold in the regulated injectable segment. The product, launched following approval from the US Food and Drug Administration, targets hospital and institutional markets where demand for cost-effective alternatives remains strong. The move reflects Glenmark’s strategy to deepen its presence in high-value, complex generics while diversifying revenue streams beyond oral solids. As pricing pressures persist across the U.S.