India Business and Policy Digest: Maruti Suzuki Hits Record Sales, PM Modi Inaugurates Andhra Pradesh Projects, and Major Corporate Developments
Key Takeaways
- •Maruti Suzuki surpassed two lakh domestic units in a single month for the first time, recording 42.4% year-on-year sales growth in July 2026.
- •Prime Minister Modi inaugurated development projects worth Rs 18,000 crore in Andhra Pradesh, including the Rs 5,640 crore Alluri Sitarama Raju International Airport and the UDAN 2.0 regional connectivity expansion.
- •ONGC plans to drill 150 deepwater wells under its Rs 84,084-crore Samudra Manthan Mission as part of India's strategy to boost domestic hydrocarbon production and reduce reliance on imported crude.
- •A consumer dispute forum ordered SBI to refund nearly Rs 2 lakh to a customer following an unauthorized online fraud transaction, reinforcing growing judicial precedent holding banks liable for digital payment breaches.
- •Indian mergers and acquisitions activity climbed 6% year-on-year to $21.6 billion in the third quarter driven by Reliance Industries deals, while venture capital investments declined 21% to $28.9 billion during the January-September period.

Maruti Suzuki India Limited recorded a 42.4% year-on-year growth in domestic sales in July 2026, surpassing two lakh units for the first time in a single month. The company's cumulative total sales reached 2,41,421 units, including exports and OEM supplies. All passenger vehicle segments posted notable gains compared to the same period last year. The milestone underscores Maruti Suzuki's continued dominance in India, the world's third-largest passenger vehicle market, where it has consistently held over 40% market share.
In Kolkata, West Bengal Chief Minister Suvendu Adhikari inaugurated ISKCON's mega kitchen, which will prepare mid-day meals for students in state-run and aided schools. After attending a yajna ceremony, Adhikari visited the kitchen facility and assisted in meal preparation. He also flagged off electric vehicles dedicated to transporting meals to schools. Chief Secretary Manoj Kumar Agrawal and School Education Minister Dipak Barman were present at the event. The mid-day meal program is among the world's largest school feeding initiatives, serving millions of children across India.
Security was tightened in Bihar's Madhubani district, which borders Nepal, amid communal tensions in the neighboring country.
Delhi's Chief Minister launched the Lakshmi Yojna portal. Separately, Arvind Kejriwal called for offering consumers a choice of petrol-E20 blends at fuel pumps, along with a reduction in E20 pricing and a cut in pure petrol rates. The E20 blend—petrol containing 20% ethanol—is part of India's broader push to reduce crude import dependence and cut vehicular emissions.
A consumer dispute forum ordered the State Bank of India (SBI) to refund nearly Rs 2 lakh to a customer following an online fraud incident. The customer stated that they had never shared their ATM PIN, OTP, or other banking details. The ruling adds to a growing number of cases where Indian consumer forums have held banks liable for unauthorized digital transactions, reinforcing consumer protection in the country's rapidly expanding digital payments ecosystem.
Motilal Oswal described Bloomberg's delay in including Indian government securities (G-Secs) in its index as a "temporary operational pause" and said it expects inclusion within months. Inclusion in global bond indices is closely watched as it could open the door to significant passive foreign inflows into Indian debt markets. Meanwhile, Indian Oil Corporation ruled out any shift away from Gulf crude supplies despite ongoing regional conflict.
In Pune, Union Home Minister Amit Shah presented the Lokmanya Tilak Award to National Security Advisor Ajit Doval.
Prime Minister Narendra Modi laid the foundation for and inaugurated development projects worth Rs 18,000 crore in Andhra Pradesh. He also flagged off the UDAN 2.0 expansion and inaugurated the ₹5,640 crore Alluri Sitarama Raju International Airport in the state. The UDAN scheme aims to enhance regional air connectivity by making air travel affordable to smaller cities.
Oil and Natural Gas Corporation (ONGC) announced plans to drill 150 deepwater wells under its Rs 84,084-crore Samudra Manthan Mission, a major offshore oil and gas exploration initiative. The program is a key component of India's strategy to boost domestic hydrocarbon production and reduce its heavy reliance on imported crude, which accounts for the bulk of the country's oil needs.
Carveann David, a restaurateur from Trinidad, underwent a rare heart procedure in India.
More than 5.9 crore income tax returns were filed by the July 31 deadline for Assessment Year 2027 (AY27).
Canada maintained unchanged processing times for study and work permit applications from Indian nationals, though visitor and super visa processing times have increased.
In international developments, U.S. President Donald Trump stated that the United States has not agreed to Ukraine building Patriot missiles and said he is "losing faith" in Iran as nuclear talks continue. A U.S. Marine Corps F-35B stealth fighter jet crashed near San Diego, California; the pilot ejected safely and was recovered.
At the Commonwealth Games 2026 in Scotland, Indian javelin thrower Neeraj Chopra won a silver medal, while Yashvir Singh secured bronze in the men's javelin event.
PM Modi broke his silence on abusive protest videos, stating, "I forgive those…" Tensions escalated in Lahore as security forces dispersed protesters. A 4.7-magnitude earthquake near Naples triggered rockfall and damaged buildings.
The price of a 19-kg commercial LPG cylinder was reduced by Rs 202 in Delhi and Rs 209 in Kolkata. A local tea seller welcomed the cut and called for further relief.
Patanjali entered the insurance business through a deal with Magma.
In Jammu and Kashmir's Kulgam district, a terror strike killed one migrant worker and injured another. Police launched operations in response.
In the United States, Democratic lawmakers pressed State Department officials over the revocation of Temporary Protected Status (TPS) for Haitians. At the United Nations, Jeff Bartos raised allegations of sexual assault, stating that "fathers just run away."
In corporate news, mergers and acquisitions activity in India rose 6% year-on-year in the third quarter, reaching $21.6 billion, driven largely by Reliance Industries deals. Despite fundraising by Reliance Industries Limited (RIL), venture capital investments in India fell 21% to $28.9 billion during the January–September period, according to a report. The divergence between M&A strength and VC caution reflects a broader trend of consolidation among established players even as early-stage funding tightens.
Liberty House expressed interest in bidding for Bhushan Power, though the resolution professional stated the bid was submitted late. Hindalco was weighing a potential bid to acquire U.S.-based Aleris Corporation. Tencent invested $400 million in ride-hailing company Ola for a 9.57% stake.