Maruti Suzuki India is intensifying efforts to boost sales of its entry-level cars, aiming to achieve record volumes for the Alto and S-Presso in the ongoing fiscal 2026. The company is relying on aggressive price reductions, festive finance schemes, and a focused push to attract two-wheeler riders into the four-wheeler segment.According to sources familiar with the matter told ET, Maruti has set a target to sell between 220,000 and 250,000 mini cars this fiscal year. The previous record for the segment was around 247,000 units in FY20.The renewed focus on small cars is part of Maruti’s broader strategy to arrest declining market share, which has been under pressure due to a slump in small-car sales alongside rising SUV demand. In FY25, the overall passenger vehicle market grew only 2% in cumulative wholesale dispatches, while Maruti’s market share fell to 40.9%, the lowest since FY13 when it stood at 39%. The company had commanded over 51% market share in FY19 and FY20.Maruti’s optimism is reinforced by a GST rate cut on small cars, which has effectively lowered prices by 11-13%. The company has also introduced a festive Rs 1,999 EMI scheme for entry-level models, launched during Navratri and extending through Diwali, to appeal to two-wheeler owners.

Dealers reported a surge in showroom footfalls and enquiries, particularly from rural and small-town buyers, though actual conversions remain limited. “The offer is very attractive and has brought new buyers into showrooms. We expect a major pickup during Dhanteras and Diwali,” said a Maruti dealer in western India.Partho Banerjee, Senior Executive Officer (Sales and Marketing) at Maruti Suzuki, said the entry-level segment is showing early signs of revival. “The response to the Rs 1,999 EMI offer has been very positive. Many two-wheeler customers who earlier did not consider buying a car are now visiting our showrooms. We are literally seeing helmets on discussion tables – that’s a very good indicator,” he told ET.Banerjee added that overall festive-period booking momentum has been strong. “Just to give you a perspective, the Alto bookings in October (till date) were up around 60% compared to the same month last year.” He noted that bookings for cars in the 18% GST bracket, including small cars, have risen sharply, though it is still early to quantify their full impact on overall sales.Industry observers, however, expressed caution over Maruti’s ambitious targets. “It’s a very tall target. Over the last five years, the car buyer has become a lot more aspirational. Even a first-time buyer is not keen on an entry-level model and prefers a second-hand premium hatchback like a Baleno,” said an industry executive, requesting anonymity.Analysts believe that while the push on affordability may come at the cost of average selling price and near-term margins – potentially around 100 basis points – it could expand market share and improve operating leverage if consumer response remains positive. Kapil Singh of Nomura Research noted that the initiative may strengthen Maruti’s base.According to Puneet Gupta, Director, S&P Global Mobility, the GST reduction could reignite demand in the mini-car segment. “Expect a wave of innovation in financing, product offerings, and ownership schemes aimed at reviving this category,” he said. With only 36 cars per 1,000 people, India’s vehicle ownership remains among the lowest globally, and this push could serve as a catalyst for two-wheeler users to transition to four-wheelers.Maruti has reduced prices across its lineup by 2-21%, with the steepest cuts on the Alto, S-Presso, and Celerio (13-22%). Larger models, including the Brezza, Grand Vitara, and Invicto, have seen reductions of 2-8%.Banerjee emphasised that Maruti is committed to maintaining a balanced presence across all segments. “As a market leader, we must have a play across all segments – hatchbacks, SUVs, MPVs, CNG, hybrids, and EVs. That’s what leadership means,” he said.

New Delhi: Prime Minister Narendra Modi on Saturday launched the ‘Mission for Aatmanirbharta in Pulses’ (2025–26 to 2030–31), a major step toward boosting India’s self-reliance in food production. With a budget of Rs 11,440 crore, the mission aims to increase domestic pulses production to 350 lakh tonnes and expand the cultivation area to 310 lakh hectares by 2030–31, strengthening India’s agricultural foundation and reducing import dependence.

Nearly 2 Crore Farmers to Benefit from the Pulses Mission

According to an official statement, around 2 crore farmers are set to benefit from assured procurement, quality seed distribution, and stronger value chain support under the new mission. India’s pulses sector has already seen remarkable progress over the years—thanks to sustained government efforts under the National Food Security and Nutrition Mission (NFSNM). Pulses production has surged from 192.6 lakh tonnes in 2013–14 to 252.38 lakh tonnes in 2024–25 (third advance estimates), marking an impressive 31 per cent growth.

India Still Relies on Imports Despite Rising Pulses Output

While India’s progress in pulses production is impressive, there is still huge potential to boost output and meet the country’s growing consumption needs. In 2023–24, India imported 47.38 lakh tonnes of pulses and exported 5.94 lakh tonnes, underscoring the need for further structural improvements. Despite being one of the world’s largest producers of pulses, domestic production still falls short of demand—making imports an important supplement.

With pulses imports reaching 47.38 lakh tonnes in 2023–24, the government has prioritised achieving self-sufficiency in pulses as a key national objective, the statement added. Beyond their economic and trade significance, pulses serve as a nutritional powerhouse. As per the National Institute of Nutrition, they contribute nearly 20-25 per cent of total protein intake in Indian diets.

However, the per capita consumption of pulses continues to fall short of the recommended 85 grams per day, contributing to protein-energy malnutrition across the country. Therefore, enhancing domestic production is not only an economic necessity but also a vital step toward improving public health.

Recognizing this dual importance, the government has placed strong emphasis on strengthening the pulses sector. The ‘Mission for Aatmanirbharta in Pulses’ was announced in the Union Budget 2025–26 and was approved by the Union Cabinet on October 1 2025.

It seeks to boost domestic production, reduce import dependence, and pave the way for an “Aatmanirbhar Bharat” in pulses. To ensure effective implementation, states will prepare rolling five-year seed production plans, with breeder seed production monitored by ICAR and quality assurance maintained through the SATHI portal. (With IANS Inputs)

The Federal Board of Revenue (FBR) has reported a 19 per cent increase in tax collections from wedding events across Pakistan. The board has attributed the rise to stricter monitoring and enforcement of withholding tax measures targeting the country’s thriving event industry.

According to official documents, the FBR collected Rs2.02 billion in withholding taxes from wedding functions during fiscal year 2024–25 — up from Rs1.70 billion the previous year — marking a gain of nearly Rs500 million. Officials said the increase reflected the growing documentation of event-related businesses and services, particularly in major cities.

“The wedding and events industry represents a significant but largely undocumented segment of the economy,” an FBR official told The Express Tribune. “Through systematic enforcement and better monitoring, we are ensuring that this sector contributes its fair share to the national revenue.”

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The tax is collected under Section 236CB of the Income Tax Ordinance, 2001, which authorises the FBR to impose and collect advance tax on wedding functions. It applies to marquees, halls, hotels, restaurants, clubs, and community centres, as well as ancillary services such as catering, décor, and event management.

Under the law, individuals listed in the Active Taxpayers List (ATL) are charged a 10 per cent withholding tax, while non-filers face a 20 per cent advance tax on wedding expenditures. For filers, the amount paid as advance tax is adjusted in their annual tax liability.

Officials noted a notable rise in wedding-related tax receipts from Karachi, Lahore, and Islamabad — the three cities that host the largest share of high-end events. They said the FBR’s renewed enforcement was part of a wider effort to bring informal sectors under the tax net.

“The objective is not to burden citizens but to formalise economic activity that has long operated outside the system,” another official said. “Proper documentation ensures fairness and supports broader fiscal stability.”