Maruti Suzuki’s Electric Ambitions Hit a Speed Bump: Rare Earth Crunch Forces Major e-Vitara Production Cut

Welcome Back Investor!

Tata Motors is shifting gears in a big way, announcing a blockbuster investment of up to $4.1 billion over the next five years to turbocharge its electric vehicle (EV) and new car lineup. The company plans to nearly double its range from eight to 15 models, rolling out more EVs and CNG cars, all while supercharging the tech under the hood. This bold move comes as India tightens emission norms for 2027 and aims for EVs to make up 30% of all car sales by 2030.

Let’s dive in!

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Today’s Market Menu

▪️ Impact News

▪️ Markets

▪️ Everything else you need to know today

▪️ Special

▪️ Mindset

▪️ Stock Screener to up your game

IMPACT NEWS

Maruti Suzuki Slashes e-Vitara EV Production Amid Rare Earth Crunch

Maruti Suzuki has hit the brakes on its electric dreams, slashing near-term production of its debut e-Vitara EV by a staggering two-thirds due to a global rare earth materials shortage triggered by China’s export restrictions. The company now aims to roll out just 8,200 e-Vitaras between April and September 2025, down from its original target of over 26,500 a sharp detour for India’s largest carmaker as it tries to catch up in the booming EV race.

Despite this speed bump, Maruti is revving up for a comeback, planning to ramp production to nearly 59,000 units in the second half of the fiscal year to hit its annual goal of 67,000 EVs by March 2026. With rivals like Tata Motors and Mahindra & Mahindra already gaining ground and Tesla waiting in the wings can Maruti make up lost mileage, or will these supply chain woes leave it stuck in the slow lane of India’s EV revolution?

MARKETS

The Indian stock market showed a range-bound trend on June 10. Sensex slipped by 53 points to close at 82,391.72, while Nifty 50 stayed almost flat at 25,104.25. Banking stocks took a hit with Nifty Bank down 210 points (-0.37%), reflecting pressure in the financial space. Meanwhile, the Nifty Midcap 100 saw a marginal uptick of 6 points, signaling slight buying interest in broader markets. Overall, the mood remains cautious with selective stock movements.
_{Closing figures as on 10.06.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers

✅ Grasim +3.81% Stock surged after Morgan Stanley upgraded it to 'Overweight' with a ₹3,500 target, citing strong prospects in paints, UltraTech growth, and narrowing holding company discount.
✅ Dr Reddy's Labs +2.25% Rose on positive sentiment in pharma, supported by expectations of better US generics performance and robust Q4 earnings.
✅ Tech Mahindra +2.01% Gained as investors rotated into IT stocks, expecting stable margins and turnaround in telecom vertical growth.
✅ Tata Motors +2.01% Advanced on continued EV optimism, solid JLR performance, and easing input costs boosting profitability outlook.

Top Losers

🔻 Trent -1.68% Fell due to profit booking ahead of its inclusion in the Sensex on June 24, after a sharp recent rally.
🔻 Asian Paints -1.29% Dropped as Birla Opus filed a complaint with the CCI alleging abuse of dominance, raising regulatory concerns.
🔻 Bajaj Finance -1.14% Declined amid sectoral weakness in NBFCs and concerns over elevated valuations in a choppy market.
🔻 Tata Steel -1.04% Softened due to profit-taking in metal stocks and cautious global sentiment around steel demand recovery.

INDIA FRONTIER

Everything else you need to know today

🧮 GST Gridlock: GST Reform Stalls as Tractors & Medicines Trigger ₹4,000 Cr Gap, India’s plan to scrap the 12% GST slab hits a hurdle essential goods like medicines and tractors may move to lower tax brackets, risking big revenue losses.

🎁 Bonus Bonanza: Bajaj Finance Announces 1:2 Stock Split, 4:1 Bonus Issue, Retail investors rejoice! Bajaj Finance is offering more shares via a 1:2 stock split and 4:1 bonus.

🍽️ Delivery Disruption: Rapido shifts gears from rides to bites, launching food delivery to rival industry giants. With a hyperlocal fleet in place, the delivery race just got a new contender.

📊 IPO Buzz: IPO action heats up! Kent RO and Karamtara get SEBI’s nod for public listing, while Sai Infinium retreats. Investors eye fresh listings amid changing market vibes.

SPECIAL

⚡ Capex Surge: India Inc’s $850B Bet on the Future

India’s top corporates are dialing up the ambition, with a record-breaking $850 billion capex push lined up over the next five years. From building mega power grids to scaling green hydrogen and expanding airline fleets, giants like NTPC, Tata Power, Adani, and Indigo are laying the foundation for a bold economic leap.

What’s powering this boom? Clean balance sheets, policy tailwinds, and a global sustainability wave have created ideal conditions for aggressive investment. It’s a high-stakes sprint to rewire India’s infrastructure and potentially its global standing.

But will execution match vision? Or will red tape and volatility slow this economic express?

Either way, India Inc. isn’t just investing it’s making a statement.

THE HANOOMAAN INSTITUTE

5 Books That Teach You How to Live Well for Less

In a world that often equates wealth with spending, these 5 books flip the script proving that financial freedom is more about intention than income.

📘 Buy What You Love Without Going Broke redefines budgeting as joy-focused spending. No shame, no restrictions just clarity on what truly matters.

📗 The Ultimate Guide to Frugal Living by Daisy Luther turns thrift into strength. Whether you’re facing job loss, inflation, or unexpected bills, Luther’s guide is equal parts mindset and method.

📕 The Complete Cheapskate cuts through the noise with practical, no-fluff advice that’s helped thousands build long-term security without selling their soul to spreadsheets.

📙 New to frugal living? Frugal Living For Dummies is your go-to playbook. It covers everything from daily savings hacks to big-picture financial planning, all in bite-sized, family-friendly chunks.

📒 And then there’s the classic: The Complete Tightwad Gazette by Amy Dacyczyn a cult favorite among frugalistas. She’ll show you how to stretch every rupee without sacrificing the good life.

🔍 The takeaway? These aren’t just personal finance books they’re life design guides. Whether you’re saving for freedom or rethinking what “rich” really means, there’s wisdom here for every stage of your money journey.

💭 Because frugal isn’t cheap it’s powerful.

SUPERCHARGE YOUR INVESTING SKILLS

STOCK SCREENER TO UP YOUR GAME

Stocks undertaking huge capital expenditures to build/expand their capacity.
by Nakshatra

(Gross block + Capital work in progress ) >1.5*(Gross block preceding year + Capital work in progress preceding year ) AND
Promoter holding > 50% AND
Cash from investing last year < Cash from investing preceding year AND
Market Capitalization >=10000

Thanks for reading.

Until tomorrow!

Hanoomaan India Business team

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