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Bajaj Auto on Sunday said its exports to Venezuela accounts for less than 1 per cent of its total overseas shipments. The South American country has plunged into a crisis after the US captured its President, Nicolas Maduro, on Saturday. "We do export to Venezuela. Pulsar and Boxer are very popular, but these exports are less than 1 per cent of our total exports," Rakesh Shamra, Executive Director, Bajaj Auto, said. He was responding to a query about the implications on its operations in the country following the capture of Maduro by the US. In the April-December period of FY26, Bajaj Auto's total exports stood at 16,39,971 units as against 13,73,595 units in the year-ago period, up 19 per cent. Another Indian automaker, TVS Motor Company, said it has no meaningful presence in Venezuela.
Petroleum products, and electronic goods are helping India increase its exports to China, with which it has a huge trade deficit of about USD 100 billion, according to the commerce ministry data. India's exports to China rose from USD 9.20 billion in April-November 2024 to USD 12.22 billion in April-November 2025, an increase of 32.83 per cent year-on-year. Petroleum products emerged as the largest contributor in the exports to China. It was followed by electronic goods, marine products, and oil meals, the data showed. "This sharp increase highlights strengthening trade momentum with China, supported by higher demand across key commodity segments and improved export performance over the period," an official said.
India's export-driven businesses in sectors such as aluminium, iron and steel that face international regulatory shocks are increasingly exposed to risk due to climate inaction threatening their profits, operations, and long-term viability, according to global consulting firm BCG. India is among the top 10 countries most affected by extreme weather events, as the 'Climate Risk Index 2026' launched at COP30 reveals, and the cost of inaction for India is too big to ignore, BCG Managing Director and Senior Partner, Asia Pacific Leader, Climate & Sustainability, Sumit Gupta, told PTI in an emailed interview. Citing data from RBI and WEF 2024, he said 4.5 per cent of India's GDP by 2030 is at massive risk of erosion due to climate-induced extreme events, and by the end of the century, climate-related challenges could cost India between 6.4 per cent and over 10 per cent of its national income. "Businesses face the direct brunt of these risks," he said, adding that due to climate-induced
The guidelines for the Rs 25,060-crore Export Promotion Mission (EPM) are likely to be released from next week, detailing its components and benefits for the industry, Commerce and Industry Minister Piyush Goyal said. The government, on November 12, approved the EPM with an outlay of Rs 25,060 crore for six financial years, beginning 2025-26, to help exporters deal with high tariffs imposed by the US. The mission will be implemented through two sub-schemes -- Niryat Protsahan (Rs 10,401 crore) and Niryat Disha (Rs 14,659 crore). "The guidelines for the export promotion mission will be released soon. I think the details, including its elements and how the industry can benefit from it, will be released next week," he told PTI. Under the Export Promotion Mission, priority support will be extended to sectors impacted by recent global tariff escalations, such as textiles, leather, gems and jewellery, engineering goods, and marine products. These sectors are facing challenges in the US
India's merchandise exports fell 11.8 per cent year-on-year, since August 2024, to USD 34.38 billion in October, Crisil said in its report. This follows a 50 per cent increase in US tariffs on August 27 this year, a move that has subdued exports for the second month in a row, the report said. The decline in exports was broad-based across petroleum products, gems and jewellery and core sectors. Petroleum products exports declined 10.4 per cent year-on-year in October, compared to a growth of 15.1 per cent in September. Similarly, core exports slipped to 10.2 per cent compared to 6.1 per cent growth in September 2025, the report said. Merchandise exports to US decreased 8.6 per cent year-on-year to USD 6.3 billion in October. This was an improvement from the 11.9 per cent decline in September, according to the report. The announcement by the US on November 16 to cut tariffs on 254 food items bodes well for some of the agricultural exports, such as tea and spices, the report ...
Japan's global exports gained 3.7 per cent in October from a year ago, while imports from the world edged up 0.6 per cent, according to government data released Friday. Exports to the US dipped 3.1 per cent, marking the seventh straight month of on-year declines, Finance Ministry data showed. Worries remain about the possible negative impact from US tariffs. President Donald Trump announced a trade framework with Japan in July, placing a 15 per cent tax on goods imported from that nation. That's lower than the 25 per cent rate Trump initially said would kick in starting in August. Previously, tariffs on most goods stood at 2.5 per cent. Soybean imports from around the world surged 37.3 per cent from a year ago, while those in iron and steel products dipped 17.1 per cent. Imports from the US jumped 20.9 per cent in October from the previous year, especially food imports, such as cereal, as well as petroleum. Exports to the US dropped in computer parts and other machinery, as well
Reflecting a clear trend of market diversification, Indian exporters registered positive growth in 24 countries during the first half of the current fiscal year, even as shipments to the US declined due to high tariffs in September, official data showed. These 24 countries include Korea, UAE, Germany, Togo, Egypt, Vietnam, Iraq, Mexico, Russia, Kenya, Nigeria, Canada, Poland, Sri Lanka, Oman, Thailand, Bangladesh, Brazil, Belgium, Italy and Tanzania. "24 countries with a total export of USD 129.3 billion recorded positive growth in export in April-September 2025-26 as against the same period last fiscal, amounting to a share of 59 per cent of India's exports," an official said. During April-September this year, exports increased by 3.02 per cent to USD 220.12 billion, and imports rose 4.53 per cent to USD 375.11 billion, leaving a trade deficit of USD 154.99 billion. However, according to the Commerce Ministry data, India's exports to 16 countries have registered negative growth ..
China's exports of electric vehicles doubled in September from a year earlier as its automakers expanded their reach into overseas markets. Domestic passenger car sales climbed 11.2 per cent year-on-year in last month down from a 15 per cent rise in August, the China Association of Automobile Manufacturers said Tuesday. Exports of new energy vehicles, including battery electric vehicles and plug-in hybrids, jumped 100 per cent to 222,000 units in September, the industry organisation said. That was slightly lower than the 224,000 units exported in August. China's EV makers have been increasingly looking abroad to markets such as Europe and Southeast Asia as overcapacity and price wars back home have pressured their profit margins. They invested more abroad than inside China last year, for the first time since 2014, the US-based consultancy Rhodium Group said in a recent report. BYD - one of China's largest EV makers - said this month that the United Kingdom has become its largest ..