Urban Company Share: BofA ने रेटिंग घटाई, शेयर में तीन दिन की तेजी पर भी ब्रेक लगा

Urban Company Share: टेक्नोलॉजी से जुड़े होम-सर्विस प्लेटफॉर्म Urban Company के शेयर में बुधवार को गिरावट आई। इसके साथ लगातार तीन दिन से चल रही तेजी भी थम गई। इसकी वजह है ग्लोबल ब्रोकरेज Bank of America यानी BofA की नई रिपोर्ट।

BofA ने Urban Company की रेटिंग ‘न्यूट्रल’ से घटाकर ‘अंडरपरफॉर्म’ कर दी है। ब्रोकरेज को शेयर की मौजूदा कीमत ज्यादा लग रही है। कंपनी को घाटा भी हो रहा है। ऊपर से Instant Help कारोबार में मुकाबला बढ़ रहा है।

शेयर 0.69% गिरा

बुधवार को NSE पर Urban Company का शेयर 0.69% गिरकर ₹168.12 पर बंद हुआ। हालांकि, इससे पहले तीन कारोबारी दिनों में शेयर करीब 16% चढ़ चुका था।

जून तिमाही के नतीजों के बाद शेयर करीब 30% ऊपर जा चुका था। इसी तेजी के बाद BofA ने अपना रुख बदला है। ब्रोकरेज ने शेयर का टारगेट ₹155 रखा है। यानी मौजूदा भाव से करीब 8% नीचे जाने का अनुमान है।

Instant Help कारोबार चिंता बढ़ा रहा

BofA की सबसे बड़ी चिंता Urban Company का Instant Help कारोबार है। कंपनी इस सेगमेंट में तेजी से पैसा लगा रही है। लेकिन अभी यहां घाटा काफी बढ़ गया है।

ब्रोकरेज का मानना है कि इस कारोबार में मुकाबला और बढ़ेगा। इससे कंपनी की कमाई पर दबाव आ सकता है। Urban Company को Snabbit और Pronto जैसी कंपनियों से टक्कर मिल रही है। दोनों ने हाल में पैसा भी जुटाया है। इसका मतलब है कि मुकाबला आगे और तेज हो सकता है।

InstaHelp का घाटा 13 गुना बढ़ा

InstaHelp का EBITDA घाटा तेजी से बढ़ा है। FY26 की पहली तिमाही में यह करीब ₹10 करोड़ था। FY27 की पहली तिमाही में घाटा बढ़कर करीब ₹130 करोड़ हो गया। यानी कंपनी इस कारोबार को तेजी से बढ़ाने के लिए पैसा लगा रही है। लेकिन फिलहाल इसका असर मुनाफे पर नहीं दिख रहा है।

BofA ने इसी वजह से Urban Company के कमाई अनुमान भी घटाए हैं। FY28 के लिए अब उसे प्रति शेयर ₹0.73 का घाटा होने का अनुमान है। पहले यह अनुमान ₹0.59 के घाटे का था। FY29 के लिए EPS अनुमान भी ₹2.27 से घटाकर ₹1.41 कर दिया गया है।

UBS और Emkay की राय अलग

Urban Company पर सभी ब्रोकरेज की राय एक जैसी नहीं है। इससे पहले UBS ने शेयर पर कवरेज शुरू की थी। उसने इसे ‘Buy’ रेटिंग दी थी। UBS का मानना है कि भारत का ऑनलाइन होम सर्विस बाजार तेजी से बढ़ सकता है। UBS ने इस बदलाव को भारत के क्विक कॉमर्स में आए ‘Blinkit मोमेंट’ जैसा बताया था।

इसके बाद Emkay ने भी शेयर पर कवरेज शुरू की। उसने ‘Buy’ रेटिंग दी और ₹190 का टारगेट दिया। Emkay को उम्मीद है कि FY26 से FY29 के बीच भारत का कंज्यूमर सर्विस मार्केट करीब 19.8% CAGR से बढ़ सकता है।

Vedanta Aluminium share Price: मोतीलाल ओसवाल ने दी खरीदने की सलाह, शेयर 3 फीसदी उछला

Disclaimer: मनीकंट्रोल.कॉम पर दिए गए सलाह या विचार एक्सपर्ट/ब्रोकरेज फर्म के अपने निजी विचार होते हैं। वेबसाइट या मैनेजमेंट इसके लिए उत्तरदायी नहीं है। यूजर्स को मनीकंट्रोल की सलाह है कि कोई भी निवेश निर्णय लेने से पहले हमेशा सर्टिफाइड एक्सपर्ट की सलाह लें।

JLR MD Rawdon Glover on Jaguar’s repositioning and working with Tata Motors

JLR MD Rawdon Glover on Jaguar's repositioning and working with Tata Motors
Rawdon Glover MD, JLR

Rawdon Glover has worked with the JLR group for over thirteen years and took charge as Managing Director three years ago. From the sidelines of our first drive with the Jaguar Type 01, we speak to Glover, who tells us about Jaguar’s new direction, taking risky decisions, core markets and upcoming products. 

Why the major shift in the positioning of Jaguar?

Putting Jaguar back on a firm footing for the next 90 years is the main job. And if you look at the task, it’s brand management where sometimes you need small incremental changes. But if you look at today’s technical changes, competitive context, how the brand was performing globally and a host of factors, what was called for was a big shift. That requires you to be bold and confident.

Why go for a radical and polarising design?

We’re ok with polarising. If you look at our history, it was bold evolutions, for example the XJS, the spiritual successor to the E-Type. It would have been easy to say let’s just make a modern example of the E-Type, but that’s not what we did, and if you look back at reviews, it was applauded for its dynamics and refinement, but the design was seen as polarising. Now it’s a design icon. So, I’d rather have four out of ten absolutely love the car, rather than have everyone go – yeah, it’s ok.

Isn’t going all-electric a massively risky move?

The EV landscape is evolving rapidly, many new brands are coming in, and I believe one will crack the EV glass ceiling, so why not Jaguar? So we ripped up the EV rulebook because, in the luxury space, it wasn’t working. So it’s not designed as an EV without an engine and a really cab-forward layout. But it’s about presence and performance, and to deliver the level of performance and refinement, electric is best.

Would the car sit above the XJ in terms of price?
All of the vehicles coming off this platform would be between GBP 1,20,000 and GBP 1,50,000. We see a white space at the top end of the premium segment, but underneath established luxury players. That’s where we want to be, and with this vehicle what you get is the stature, the presence, the drama of those uber-luxury brands at the top end of the premium price point.

What are the core markets, and how does India figure in the plan?

We used to sell in 130 markets, but we’ll narrow this to just eight or nine, with 85 percent of the volume. North America will remain a large part, China will become important, and the UK, Germany and some Nordics, where they have really embraced EVs, will be the mainstay. Then in markets like the Middle East and India, which have been small, we think we can really break into them now. The retail would, of course, still be through the existing JLR network.

FTAs do not favour EVs, so is the 01 capable of being locally assembled?

Manufacturing this outside of the UK is not currently in the plan. All production will be built out of Solihull, so all exports to other markets will be CBUs, but that doesn’t rule out local production outside UK. As you know, the geopolitical situation is so fluid at the moment, but in time we could consider production elsewhere.

Is there a more chauffeur-driven offering from Jaguar coming?

The 01 is unashamedly driver-focussed, it has four comfortable seats, but it’s a four-door GT, not a four-door sedan designed as a luxury chauffeur-driven car. There will be other vehicles off this platform that will share the same design language, but will have a distinct personality and target different groups, and they would be accessible to a wider audience. So, yes absolutely, there will be a chauffeur-driven-focused model from Jaguar.

Would an SUV body style be part of the portfolio?

What you shouldn’t expect from us is a high-sided Jaguar that is a Range Rover competitor. We already have the best SUV on the planet, and part of the house of brand’s strategy is to differentiate the brands. All I can say, for now, is that you can expect a variety of vehicles from us, and there will be vehicles slightly higher positioned, but all will drive like a Jaguar.

How has it been working with Tata Motors?

Unwavering is the word. There is nobody more dedicated and passionate about our success than the shareholders, and that’s an incredibly privileged position to be in. It puts a little pressure, but having somebody like PB Balaji come onto our board is great. He’s been on the journey with us, he understands it inside and out, and for him, Jaguar is personal. It’s important to our chairman and even was to Ratan Tata. I was reading stories about Ratan Tata driving about in his father’s XK120, so it’s really important to Tata that Jaguar wins. In all my interactions with the board, there is never talk of tempering ambitions, it’s always, just go for it.

JLR MD Rawdon Glover on Jaguar’s repositioning and working with Tata Motors

JLR MD Rawdon Glover on Jaguar's repositioning and working with Tata Motors
Raqdon Glover JLR MD

Rawdon Glover has worked with the JLR group for over 13 years and took charge as Managing Director 3 years ago. From the sidelines of our first drive with the Jaguar Type 01, we speak to Glover, who tells us about Jaguar’s new direction, taking risky decisions, core markets and upcoming products. 

Why the major shift in the positioning of Jaguar?

Putting Jaguar back on a firm footing for the next 90 years is the main job. And if you look at the task, it’s brand management where sometimes you need small incremental changes. But if you look at today’s technical changes, competitive context, how the brand was performing globally and a host of factors, what was called for was a big shift. That requires you to be bold and confident.

Why go for a radical and polarising design?

We’re ok with polarising. If you look at our history, it was bold evolutions, for example the XJS, the spiritual successor to the E-Type. It would have been easy to say let’s just make a modern example of the E-Type, but that’s not what we did, and if you look back at reviews, it was applauded for its dynamics and refinement, but the design was seen as polarising. Now it’s a design icon. So, I’d rather have four out of ten absolutely love the car, rather than have everyone go – yeah, it’s ok.

Isn’t going all-electric a massively risky move?

The EV landscape is evolving rapidly, many new brands are coming in, and I believe one will crack the EV glass ceiling, so why not Jaguar? So we ripped up the EV rulebook because, in the luxury space, it wasn’t working. So it’s not designed as an EV without an engine and a really cab-forward layout. But it’s about presence and performance, and to deliver the level of performance and refinement, electric is best.

Would the car sit above the XJ in terms of price?
All of the vehicles coming off this platform would be between GBP 1,20,000 and GBP 1,50,000. We see a white space at the top end of the premium segment, but underneath established luxury players. That’s where we want to be, and with this vehicle what you get is the stature, the presence, the drama of those uber-luxury brands at the top end of the premium price point.

What are the core markets, and how does India figure in the plan?

We used to sell in 130 markets, but we’ll narrow this to just eight or nine, with 85 percent of the volume. North America will remain a large part, China will become important, and the UK, Germany and some Nordics, where they have really embraced EVs, will be the mainstay. Then in markets like the Middle East and India, which have been small, we think we can really break into them now. The retail would, of course, still be through the existing JLR network.

FTAs do not favour EVs, so is the 01 capable of being locally assembled?

Manufacturing this outside of the UK is not currently in the plan. All production will be built out of Solihull, so all exports to other markets will be CBUs, but that doesn’t rule out local production outside UK. As you know, the geopolitical situation is so fluid at the moment, but in time we could consider production elsewhere.

Is there a more chauffeur-driven offering from Jaguar coming?

The 01 is unashamedly driver-focussed, it has four comfortable seats, but it’s a four-door GT, not a four-door sedan designed as a luxury chauffeur-driven car. There will be other vehicles off this platform that will share the same design language, but will have a distinct personality and target different groups, and they would be accessible to a wider audience. So, yes absolutely, there will be a chauffeur-driven-focused model from Jaguar.

Would an SUV body style be part of the portfolio?

What you shouldn’t expect from us is a high-sided Jaguar that is a Range Rover competitor. We already have the best SUV on the planet, and part of the house of brand’s strategy is to differentiate the brands. All I can say, for now, is that you can expect a variety of vehicles from us, and there will be vehicles slightly higher positioned, but all will drive like a Jaguar.

How has it been working with Tata Motors?

Unwavering is the word. There is nobody more dedicated and passionate about our success than the shareholders, and that’s an incredibly privileged position to be in. It puts a little pressure, but having somebody like PB Balaji come onto our board is great. He’s been on the journey with us, he understands it inside and out, and for him, Jaguar is personal. It’s important to our chairman and even was to Ratan Tata. I was reading stories about Ratan Tata driving about in his father’s XK120, so it’s really important to Tata that Jaguar wins. In all my interactions with the board, there is never talk of tempering ambitions, it’s always, just go for it.

India-EU FTA is a big opportunity to bring niche models: VW CEO Thomas Schafer

India-EU FTA is a big opportunity to bring niche models: VW CEO Thomas Schafer
VW CEO Thomas Schafer

Volkswagen is preparing for a much bigger push in India, with the company reviewing its broader product, powertrain and investment plans. While a locally produced compact SUV has already been confirmed for launch next year and is expected to drive volumes, the brand is also looking at the India-EU free trade agreement (FTA) as an opportunity to bring select niche models from its global portfolio here.

“FTA has been announced in Europe. It is a huge opportunity to bring a certain sort of niche models to widen the portfolio for the consumer to offer some exciting models every now and then, which is great,” Member of the Board of Management of Volkswagen AG and CEO of Volkswagen Brand Thomas Schafer told us. He did not reveal which models could be on the cards, but said the company is taking a long-term view and will study market conditions over the next few months before making a decision.

VW’s renewed focus for India

Schafer’s India visit comes as Volkswagen reviews its global business strategy amid geopolitical tensions, changing trade policies and a growing move towards regional manufacturing. “So, globally, we see almost like a decoupling. You have a geopolitical situation and the old business model where everything’s focused on Europe, and then you export to other markets is long gone. At the same time, you have a very different dynamic in China than in the US, which is putting import duties on Europe under certain attacks. So, in that game, you have to change your business model; you have to adapt it. And that’s what we’re busy doing,” he added.

This shift could benefit India. Along with the growing domestic market, Volkswagen sees India as an important hub for engineering, IT and R&D. “We will focus a lot on India going forward. Not only because the market is exciting and growing and creating more opportunity for the future, but also the sort of knowledge base that you have here in India,” he said.

Volkswagen also sees exports as an important way to build scale out of India. The company already exports vehicles made in the country to more than 40 markets, with Mexico being one of the major markets that imports vehicles from India. “So, exports are an important part of our business, and we will always strengthen that going forward,” he said. For the upcoming compact SUV, export potential could also help boost volumes and strengthen the business case.

More powertrains can be offered at the right time

Volkswagen’s current portfolio comprises cars powered by turbo-petrol engines, even as CNG and diesel remain in demand and EVs are gaining momentum. “So, what is clear is, in the long run, there will be strong electrification, especially also in India…You see it accelerating, probably driven by the conflict in the Middle East and the oil situation,” he said.

At the same time, he clarified that be it flex-fuel, CNG, diesel or EV, the brand has the technology already on sale in certain parts of the world. “We have flex-fuel, super strong in South America for years; we have CNG, diesel and EVs, it’s all there…When it’s the right time to localise it, we will localise it,” Schafer said.

The challenge, he said, is deciding when and how to use each powertrain technology. “The dynamics in India and the market shift have been quite significant even in the last couple of months. So, to be honest, we haven’t concluded our planning on that, but the good thing is that we have it and we can deploy it if and when it is the right situation,” he stated. Volkswagen is also evaluating its next-generation models and newer platforms, but these plans are still under consideration.

Cost remains a major hurdle for VW in India

Cost has been one of Volkswagen’s biggest challenges in India. Schafer said the company has spent the past few years working on two key areas: ensuring that its products retain the core characteristics of the Volkswagen brand while simultaneously reducing the cost base. “We worked over the last four years very focused on the cars that we bring to the market now are through and through Volkswagen in terms of quality, brand fit. And, yes, our cost base is traditionally high because we are very much focused on Europe and especially Germany,” he added.

India, he said, will play an important role in Volkswagen’s efforts to reduce costs, especially through more cost-effective development and manufacturing. “Part of the programs that’s been in the media over the last, especially two years, has been reducing our cost base, developing more in more cost-efficient places like in India very much, but also shifting production from high-cost locations into lower-cost locations,” he said.

Volkswagen is now working on its next set of products, investment plans and powertrain options for India. With India becoming an increasingly important part of its global strategy, there is plenty to look forward to from the brand in the coming years.

What Brazil’s 50-year ethanol experiment tells us

What Brazil’s 50-year ethanol experiment tells us
E20 fuel in Brazil

The forced introduction of E20 has set social media ablaze, with outraged car and bike owners complaining bitterly of damage to their vehicles and a drop in fuel efficiency. The anger isn’t irrational. The efficiency drop is real and, going by Autocar India’s own tests, larger than the figures the government itself has acknowledged. 

But while there’s no debate over the mileage penalty, the bigger fear is long-term damage to the vast majority of cars on our roads that are not E20-compliant. It’s a worry fanned by social media and by the way the government has handled the concern. Field trials conducted by the Automotive Research Association of India (ARAI) before the rollout reportedly found no major compatibility issues even in legacy vehicles. 

However, that report has never been made public, which has only deepened suspicion among car and bike owners. Most damaging of all was the Society of Indian Automobile Manufacturers (SIAM) formally flagging alarming levels of contamination in a letter it was later forced to publicly withdraw. Crucially, SIAM’s concern was contaminated fuel carrying worrying levels of chlorine, not the blend itself. That distinction has been lost in the noise, and it sits at the heart of the confusion, even panic, among customers fearing the worst.

So, is E20 the menace it is being made out to be, or is fuel contamination the bigger issue? The fact is, there is no workshop epidemic yet, though sceptics will argue it’s only a matter of time before engines start giving trouble. What social media is amplifying right now is the theoretical damage of a higher blend. That doesn’t make the concerns baseless, since long-term effects take years to show, but the truth is that panic and outrage are currently running well ahead of the evidence. Which makes it worth studying the one country that actually has the evidence, gathered over 50 years: Brazil.

The Brazil experience

If you think India’s leap from E10 to E20 was abrupt, consider what happened there. In November 1975, squeezed by the oil crisis and desperate to protect its foreign currency reserves, the Brazilian government launched Proalcool and shoved its motorists in at the deep end. “The blends with gasoline started at 20 percent. It went very soon up to 30 percent, and it was imposed by the government,” says Peter Gilbert, head of Operational Marketing and Customer Tech Services at Infineum Brazil, a fuel and lubricant additive specialist company whose business, it should be said, depends on ethanol-blended fuels working well. 

The documented history broadly bears him out, with one point worth noting: there was a brief low-blend ramp-up with E10, but that lasted roughly two to three years against the five decades of E20 and above since. Compare that with India, which took nearly two decades from its 2003 blending programme to reach E10. And like India, Brazil never kept an escape hatch. “There was no E0 when E20 was introduced,” says Gilbert, and there is none today: the mandated blend has since climbed through 25, 27 and 30 percent, and since August this year, all pumps in Brazil, including the super-premium ones, dispense E32.

But what is telling is the kind of cars running around on E20 in the late 1970s. Back then, cars were mainly carburetted with no fuel injection, no closed-loop control and no lambda sensors – machinery far cruder than even the oldest E10-era car on Indian roads today. So what broke?

According to Gilbert, remarkably little that could be pinned on E20 itself. “There weren’t any major issues reported,” he says. “There were issues related to the materials of the fuel system, the gaskets and the rubbers used at that time, but that has changed.”

His colleague Leandro Benvenutti, Infineum’s product manager for Latin America, says the trouble in 1970s and 1980s Brazil came almost entirely from dedicated alcohol cars running pure hydrous ethanol (E100), not from petrol cars on E20. “Everything we can remember from that time is related to these alcohol vehicles, not to the gasoline vehicles using E20,” he says. Carburettor corrosion, clogged jets, perished hoses and O-rings: all of it, in their experience, traced back to E100. “If there were problems in the other [non-flex fuel] vehicles, they were really not important at all.”

A caveat both experts volunteer: 1970s Brazil is not 2020s India, and the comparison is not like-for-like. “It’s difficult to correlate to vehicles today,” Gilbert admits. What the Brazilian record offers is not proof that nothing will go wrong here, but a large, long-running natural experiment in which the E20-specific damage everyone feared did not show up.

So what about India’s E10 cars?

Asked what he’d tell a worried Indian owner running an E10-era car on E20, Benvenutti replies, “There is no reason for panic. We don’t expect any immediate impact.” Note the word immediate. The honest answer regarding the long term is unknown, and to their credit, neither of Infineum’s experts pretends otherwise. Over years, rubber components in cars whose materials weren’t specified for E20 may embrittle sooner, and Benvenutti concedes older cars and motorcycles “may see issues with time”. But complicating the issue is attribution – what is due to ethanol and what is not. Rubber parts perish with pure petrol, too. 

Benvenutti recalls his father’s flex-fuel car whose fuel hose dried out and leaked after years of use. “Was that really caused by the ethanol, or was that something going to happen anyway after five or ten years?” If there is a cost to owners, in other words, it is most likely a shortened life for cheap parts such as hoses, gaskets and O-rings rather than failures of expensive ones. “The risk for the metal components, the hard components like valves, injectors and pumps, is much lower if you maintain this product within spec,” explains Gilbert. That last clause matters, and we’ll revisit it.

On material margins, Benvenutti is careful not to overclaim. He believes manufacturers build in buffers. “If I am developing an engine, I would prefer to keep some buffer,” he remarks but adds that he is not a materials specialist and that the buffer may mean a component lasting eight years instead of 10. Whether every manufacturer selling in India engineered that headroom is a question only the manufacturers can answer.

Calibration is key

The more concrete near-term issue isn’t corrosion. It’s calibration. E20 carries less energy per litre, so the engine management system must inject more fuel to keep the mixture correct. Most closed-loop systems that have been around since the move to BS-II fuel-injection in 2000 should easily adapt, but if an older car’s injectors or fuel-trim maps run out of adjustment range, the mixture runs lean. The tell-tale? “Probably the most impactful result will be a light on your cluster. You will see the malfunction indication light on,” says Benvenutti. If your check engine light comes on after the switch to E20, that’s your car telling you it can’t fully compensate. Whether yours will is a manufacturer-by-manufacturer, even model-by-model chance.

Then there is Brazil’s import experience, which is genuinely striking and even reassuring. European and Japanese cars homologated for E10 markets are sold in Brazil and run on E30, now E32, every day. “I haven’t seen any report on issues with those engines,” says Gilbert. And there is no exemption at the top of the market. With no E0 sold anywhere in the country, every Ferrari, Lamborghini and Porsche in Brazil fills up on E32; even the super-premium pumps dispense it. Ask whether a supercar owner can escape the blend, and the answer is emphatic. “No way,” says Benvenutti. 

Low volumes are no excuse to offer a special blend, unlike in India, where supercars have the safety net of a high-priced E0 premium fuel. Benvenutti points out that even a manufacturer bringing in a handful of sports cars must ensure the car is fit for the market’s fuel. “I would not imagine any OEM bringing one unit and selling it if that’s not prepared for that market.” The one genuine weak spot he flags concerns independent, grey-market imports, which arrive exactly as built for the European or Japanese market with no local adaptation. Much of ethanol’s impact is based on anecdotal data rather than any controlled study, but it is decades of anecdotes across millions of cars, from hatchbacks to hypercars.

How much evidence of ethanol impact is there?

Enough of it to take seriously. Start with a fact that rarely features in the Indian debate: Brazil is not a country of new cars. Punishing taxes on new vehicles and tight credit mean Brazilians hold on to their cars for a long time, and the tax system actively rewards them for doing so. Most states have long exempted the oldest cars from the annual IPVA vehicle tax, and a constitutional amendment now makes that exemption national for anything 20 years or older. The result, as per the Brazilian auto components association Sindipeças, is a fleet averaging over 11 years old, with 7.3 million vehicles past 16 years and some 220,000 past 25. Every one of them fills up on E27-to-E32 petrol because nothing else is sold. No doubt, much of this ageing fleet is flex-fuel, engineered from birth to drink anything up to E100, so their survival may seem overplayed, but only up to a point. 

Flex-fuel technology arrived in Brazil only in 2003 with the Volkswagen Golf, which means the country’s first two and a half decades on E20-and-higher blends were served entirely by ordinary petrol cars, and the earliest of those were designed for no ethanol whatsoever; the blend was simply imposed on them, which is exactly what’s happening in India today. The cars that predate the flex era and the imported non-flex cars still running on E32 haven’t seen a trend of ethanol casualties. There is no scrapyard full of ethanol victims; the old cars are still on the road.

Then there’s the formal testing. Before Brazil raised its mandate from E27 to E30 in August 2025, a working group under the country’s Ministry of Mines and Energy ran durability tests on vehicles representative of the national fleet. ANFAVEA, Brazil’s association of vehicle manufacturers (the counterpart to our SIAM), reported that the tests showed no adverse effects on engine durability or performance, with one telling condition attached: provided fuel quality standards are met. Independently, a year-long University of Nebraska-Lincoln study ran E30 in ordinary non-flex-fuel state government vehicles in the US and found no adverse effects either. None of this is a guarantee for every ageing car in India, but it is consistent, multi-source evidence that corroborates Infineum’s findings.

The dangerous C word 

So is the all-clear justified? Only conditionally, and the condition is the same one ANFAVEA attached: clean fuel made and blended to specification. And this is where India’s real problem appears to lie. If genuine damage is occurring in Indian fuel systems, the evidence points not to the ethanol blend but to what’s riding along with it: chloride contamination picked up during the production process and from storage tanks. SIAM’s now-withdrawn letter reported chloride levels of up to 500 ppm in samples from vehicle tanks and 350 ppm at retail outlets, figures the petroleum ministry has vehemently contested. Ministry officials say their own testing found high chlorine levels at just two pumps and that plastic sample containers had corrupted some tests and thrown up false readings. Yet, even a fraction of SIAM’s figures would dwarf the 3 ppm the ministry itself treats as the acceptable ceiling. 

Also, 3 ppm is only a guideline. India has yet to mandate BIS limits for chloride in fuel ethanol – something Brazil has enforced by law at 1 ppm for years. Chlorides corrode fuel pumps, injectors and valves regardless of whether a car was designed for E10 or E20, which is precisely why blaming the blend misdiagnoses the disease. The Brazilian experience, in short, largely acquits ethanol. It says nothing to acquit the fuel quality actually coming out of Indian pumps, and fixing that is a question of standards and enforcement, not of retreating to E10. 

The E20 debate, now thoroughly political, will no doubt rage on: the government and its agencies on one side, and on the other, opposition parties and a swarm of influencers and social media experts riding the outrage for popularity and views, but few of them have bothered to put an independent expert on record. The good thing is that science and first-hand experience – Brazil’s, in this case – take no sides. And that’s the side we are on.

जम्मू-कश्मीर भारत का अभिन्न हिसा, मोदी सरकार ने इसे सेफ बनाया, अब्दुल्ला से मिलकर बोले अमेरिकी राजदूत सर्जियो गोर

जम्मू-कश्मीर भारत का अभिन्न हिसा, मोदी सरकार ने इसे सेफ बनाया, अब्दुल्ला से मिलकर बोले अमेरिकी राजदूत सर्जियो गोर

omar abdulla

अमेरिका के नए राजदूत सर्जियो गोर अपने पहले कश्मीर दौरे पर श्रीनगर पहुंचे और वहां के बदलते सुरक्षा माहौल की जमकर तारीफ की। उन्होंने कश्मीर को भारत का एक अहम हिस्सा माना और कहा कि मोदी सरकार ने इसे पहले से कहीं ज्यादा सुरक्षित बना दिया है। उनके इस 'सुरक्षित' वाले बयान के बहुत बड़े मायने हैं, जिसे उन्होंने अपने अगले ही वाक्य में साफ भी कर दिया। गोर ने बताया कि वाशिंगटन जल्द ही अपने नागरिकों के लिए जारी 'नेगेटिव ट्रेवल एडवाइजरी' की समीक्षा करने वाला है।

राजदूत सर्जियो गोर ने कश्मीर को भारत का एक 'बेहद खूबसूरत और महत्वपूर्ण हिस्सा'  कहा है।  उन्होंने कहा कि वो पहली बार कश्मीर आए हैं और यहां की सुंदरता को देखकर हैरान हैं। केंद्र सरकार और जम्मू-कश्मीर प्रशासन द्वारा सुरक्षा व्यवस्था को मजबूत करने के लिए उठाए गए कदमों की तारीफें करते हुए गोर ने कहा कि क्षेत्र अब काफी सुरक्षित हो चुका है और बड़ी संख्या में अमेरिकी नागरिक यहां आकर इसकी खूबसूरती का अनुभव जरूर करना चाहेंगे।  

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‘मैं दूसरे देश के राजदूत के सामने अपनी शिकायतें नहीं रखता’

 

इससे पहले जम्मू-कश्मीर के मुख्यमंत्री ने कहा कि उमर अब्दुल्ला ने कहा, “मैं उनकी बात सुनने के लिए अधिक उत्सुक हूं। मुझे अपनी शिकायतें किसी दूसरे देश के राजदूत के सामने रखने की आदत नहीं है। हमारे मामले वॉशिंगटन में हल नहीं होने वाले हैं, बल्कि इन्हें हमारे देश की सरकार ही सुलझाएगी।” उन्होंने कहा कि किसी दूसरे देश के राजदूत के सामने शिकायत करना उनके लिए उचित नहीं होगा। 

 

बीजेपी का विरोध प्रदर्शन, उमर ने भ्रष्टाचार के आरोपों पर दिया जवाब

इस बीच, बीजेपी की जम्मू-कश्मीर इकाई ने बुधवार को सिविल सचिवालय के बाहर विरोध प्रदर्शन करने का कार्यक्रम बनाया है। पार्टी ने उमर अब्दुल्ला सरकार पर कथित भ्रष्टाचार का आरोप लगाया है। बीजेपी के आरोपों पर मुख्यमंत्री उमर अब्दुल्ला ने तंज कसते हुए कहा कि जम्मू-कश्मीर सरकार में इतना भी सामर्थ्य नहीं है कि वह इस तरह के कथित भ्रष्टाचार को “छिपा” सके।

Bajaj, TVS drive 33 percent rise in India’s motorcycle exports

Bajaj, TVS drive 33 percent rise in India’s motorcycle exports
Bajaj, TVS drive 33 percent rise in India’s motorcycle exports

India exported 1.81 million motorcycles between April and July 2026, up 33 percent from the same period last year, according to SIAM data. Motorcycles accounted for 86 percent of India’s 2.10 million two-wheeler exports during this period.

  1. 1.81 million motorcycles exported between April and July
  2. Bajaj and TVS account for 76 percent of exports
  3. TVS exported over 85,898 more 125cc motorcycles than Bajaj

Bajaj, TVS lead India’s motorcycle exports

Bajaj Auto and TVS Motor Company together accounted for 1.38 million motorcycle exports, or 76 percent of the total. Much of the demand is concentrated in the 100-125cc segments, which accounted for 1.22 million units, or 68 percent of all motorcycle exports.

Bajaj Auto exported 8,54,991 motorcycles between April and July, up 48 percent year on year. Its 100-110cc exports nearly doubled to 378,941 units, while 110-125cc exports rose 36 percent to 229,677 units.

Africa has been a major growth driver for Bajaj, with the company reporting that its African retail volumes doubled in Q1 FY2027. The Boxer 125 Heavy Duty has been one of the key models behind this growth, particularly in Nigeria. Bajaj has also seen strong demand in Latin America, with Brazil retail volumes rising 50 percent in Q1.

TVS exports rise 31 percent

TVS Motor exported 529,041 motorcycles in the first four months of FY2027, up 31 percent. This was 35,509 units more than its domestic motorcycle sales during the same period.

Its 100-110cc exports, comprising models such as the Sport and Star City, rose 54 percent to 156,308 units. The 125cc category grew 27 percent to 315,575 units, with the Star City 125, sold as the HLX 125 in overseas markets, being a major contributor. TVS exported 85,898 more 125cc motorcycles than Bajaj during the period.

India’s motorcycle exports could cross 5 million

India exported a record 4.47 million motorcycles in FY2026. The 1.81 million units shipped in the first four months of FY2027 already represent 40.5 percent of that figure.

At the current monthly run rate of around 4.53 lakh motorcycles, India could export approximately 5.44 million motorcycles in FY2027, taking annual exports beyond the 5-million mark for the first time.

 

 

Iran-US War Update: ईरान और ओमान के बीच होर्मुज स्ट्रेट को लेकर बड़ी डील, अब पूरी तरह खुलने के लिए अमेरिका की क्या होगी भूमिका?

Iran-US War News Update: ईरान और ओमान ने दुनिया के सबसे महत्वपूर्ण समुद्री तेल रूट में शामिल होर्मुज जलडमरूमध्य को लेकर एक अहम समझौता किया है। इस डील के तहत होर्मुज स्ट्रेट से होकर गुजरने वाले जहाजों के लिए निर्धारित एंट्री-एग्जिट रूट तय किए गए हैं। इसे लंबे समय से चले आ रहे समुद्री तनाव और अव्यवस्था के बीच एक बड़ी कूटनीतिक प्रगति के तौर पर देखा जा रहा है। हालांकि, अभी इस समझौते पर तकनीकी स्तर की बातचीत जारी है। दोनों देशों की ओर से जॉइंट आधिकारिक बयान आना बाकी है। इसके बावजूद, ईरान और ओमान ने सुरक्षित वाणिज्यिक आवाजाही के लिए अलग-अलग समुद्री कॉरिडोर तैयार करने पर सहमति बना ली है।

क्या है समझौते का पूरा प्लान?

समझौते के मुताबिक, ईरान आने वाले यानी इनबाउंड कमर्शियल जहाजों की निगरानी करेगा। जबकि ओमान बाहर जाने वाले जहाजों यानी आउटबाउंड ट्रैफिक को संभालेगा। इसके लिए अलग-अलग निर्धारित शिपिंग लेन बनाई गई हैं। इनका उद्देश्य जहाजों के बीच टक्कर, सुरक्षा संबंधी घटनाओं और समुद्री तनाव को कम करना है। यह व्यवस्था दोनों देशों के बीच स्वतंत्र बातचीत के बाद तैयार हुई है।

इसका मकसद समुद्री ट्रैफिक को व्यवस्थित करना है। लेकिन साथ ही ईरान और ओमान की क्षेत्रीय संप्रभुता से समझौता न करना भी है। फिलहाल दोनों देशों की तकनीकी टीमें ऑपरेशनल प्रोटोकॉल, संचार व्यवस्था और पर्यावरण सुरक्षा से जुड़े नियमों को अंतिम रूप देने में जुटी हैं। इन प्रक्रियाओं के पूरा होने के बाद संयुक्त औपचारिक घोषणा किए जाने की उम्मीद है।

सिर्फ रास्ते तय होने से नहीं खुलेगा होर्मुज

यह समझौता महत्वपूर्ण है। लेकिन इसका मतलब यह नहीं है कि होर्मुज जलडमरूमध्य तुरंत पूरी तरह अंतरराष्ट्रीय कमर्शियल ट्रैफिक के लिए खोल दिया जाएगा। ईरानी अधिकारियों का कहना है कि पूर्ण रूप से कमर्शियल जहाजों की आवाजाही बहाल करने का फैसला व्यापक भू-राजनीतिक परिस्थितियों पर निर्भर करेगा।

तेहरान की प्रमुख मांगों में अमेरिकी नौसैनिक नाकाबंदी जैसी कार्रवाइयों का अंत, सैन्य धमकियों को रोकना और आर्थिक प्रतिबंधों में राहत शामिल है। जब तक इन बाहरी परिस्थितियों पर सहमति नहीं बनती, तब तक नए निर्धारित समुद्री कॉरिडोर कड़ी निगरानी के तहत संचालित किए जाएंगे।

दुनिया के लिए इतना महत्वपूर्ण क्यों है होर्मुज?

होर्मुज जलडमरूमध्य दुनिया के सबसे अहम एनर्जी चोकपॉइंट्स में से एक है। दुनिया की करीब 20 प्रतिशत पेट्रोलियम आपूर्ति इसी समुद्री मार्ग से गुजरती है। इसके अलावा बड़ी मात्रा में एलएनजी यानी तरलीकृत प्राकृतिक गैस भी इसी रास्ते से अंतरराष्ट्रीय बाजारों तक पहुंचती है।

यही वजह है कि इस जलडमरूमध्य में तनाव या जहाजों की आवाजाही में किसी भी तरह की बड़ी रुकावट का सीधा असर वैश्विक ऊर्जा बाजार पर पड़ता है। पिछले महीनों में बढ़े तनाव और समुद्री ट्रैफिक में आई बाधाओं के कारण अंतरराष्ट्रीय ऊर्जा बाजारों में अस्थिरता बढ़ी। कच्चे तेल की कीमतों पर दबाव बढ़ा और जहाजों के लिए युद्ध जोखिम बीमा (War-Risk Insurance) की लागत भी काफी बढ़ गई।

क्या वैश्विक तेल बाजार को मिलेगी राहत?

ईरान और ओमान के बीच हुआ यह समझौता वैश्विक बाजारों के लिए अब तक का सबसे स्पष्ट संकेत माना जा रहा है कि होर्मुज संकट का कूटनीतिक समाधान संभव है। हालांकि, अभी इसे पूरी तरह संकट का अंत नहीं माना जा सकता। समुद्री मार्ग की पूर्ण और सामान्य आवाजाही इस बात पर निर्भर करेगी कि ईरान, अमेरिका और अन्य संबंधित पक्षों के बीच व्यापक भू-राजनीतिक मुद्दों पर किस तरह की सहमति बनती है। इसलिए फिलहाल होर्मुज जलडमरूमध्य को लेकर उम्मीद जरूर जगी है। लेकिन पूरी तरह सामान्य स्थिति लौटने में अभी कई अड़चनें बाकी हैं।

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