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Mercedes-Benz Expands Electric Portfolio in India: G580 with EQ Technology and EQS SUV 450

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Mercedes-Benz has once again reaffirmed its dedication to electric mobility with the launch of two exclusive Battery Electric Vehicles (BEVs) in India: the G580 with EQ technology and the EQS SUV 450. These new additions further expand the company’s electric portfolio, offering luxury and sustainability options tailored to diverse customer needs.

Mercedes-Benz G580 with EQ technology Edition One is priced starting at INR 3 crore (all-India ex-showroom), offering a premium electric off-road experience. Meanwhile, the EQS SUV 450, a luxury electric SUV, is available at an introductory price of INR 1.28 crore (all-India ex-showroom), making it an accessible option in the high-end electric vehicle market.

Mercedes-Benz G580 with EQ technology

The Mercedes-Benz G580 with EQ technology will be launched exclusively in India as the Edition One, featuring a range of high-end specifications designed for both performance and luxury. Powered by four individually controlled electric motors, the vehicle delivers a combined output of 587 hp and 1,164 Nm of torque, allowing it to accelerate from 0 to 100 km/h in just 4.7 seconds.

The Edition One comes equipped with advanced features like the Burmester 3D surround sound system, MBUX NTG-7 with wireless Apple CarPlay and Android Auto, and Augmented Reality navigation. Its off-road capabilities are enhanced with technology such as G-TURN for tight maneuvers, G-STEERING for reduced turning radius, and intelligent off-road crawl functions.

Mercedes-Benz EQS SUV 450 4MATIC, locally manufactured at the brand’s state-of-the-art plant in Chakan, Pune, offers a luxurious and spacious 5-seat configuration designed for maximum comfort. Powered by two electric motors generating 360 hp and 800 Nm of torque, the SUV can accelerate from 0 to 100 km/h in just 6.1 seconds.

Mercedes-Benz EQS SUV 450 4MATIC

Mercedes-Benz EQS SUV 450 4MATIC, locally manufactured at the brand’s state-of-the-art plant in Chakan, Pune, offers a luxurious and spacious 5-seat configuration designed for maximum comfort. Powered by two electric motors generating 360 hp and 800 Nm of torque, the SUV can accelerate from 0 to 100 km/h in just 6.1 seconds.

The EQS SUV 450 is a full-size vehicle with a 3.2-meter wheelbase, providing ample space for rear passengers. It features a striking Electric Art Line exterior, 21-inch light-alloy wheels, and advanced technology such as the MBUX Hyperscreen with a 17.7-inch OLED central display.

Additionally, the EQS SUV 450 includes the Burmester 3D surround sound system and ENERGIZING AIR CONTROL Plus with a HEPA filter for enhanced air quality. Bookings for the EQS SUV 450 are now open, with deliveries expected to begin in February 2025, while the EQS SUV 580 has already sold out until April 2025.

Business

Sensex, Nifty open marginally lower amid mixed global cues

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Mumbai, Sep 19: The Indian benchmark indices opened marginally lower on Friday, with IT stocks leading the losses in early trade.

As of 9.26 am, Sensex was down 241 points or 0.29 per cent at 82,772 and Nifty was down 63 points or 0.25 per cent at 25,360.

The US Federal Reserve resumed interest rates cut cycle by reducing rates by 25 basis points but the outlook on further easing in the months ahead failed to meet the investors’ dovish expectations, while markets awaited more cues into US policy path, according to analysts.

Nifty Midcap 100 inched up by 0.16 per cent, and the Nifty Small cap 100 lost 0.04 per cent.

Hero MotoCorp, Shriram Finance, Maruti Suzuki, NTPC, Tech Mahindra were among major gainers on Nifty, while losers were ICICI Bank, Bajaj Finance, Tata Consumer and Titan Company.

Among sectoral indices, Nifty IT, the top loser, lost 0.40 per cent. Nifty FMCG and Nifty Private bank also weighed down on the indices. Except Nifty Realty and PSU Bank all other sectoral indices were trading in the red or with marginal gains.

The Nifty50 held firmly above the 25,400 mark in the previous session, signalling investor confidence with upside momentum intact.

Analysts said that while buying interest is visible at lower levels, the 25,500–25,600 zone remains a stiff hurdle on the upside. On the downside, support is placed at 25,300–25,100 for any minor pullback.

“Market is on an uptrend and is well positioned to set new records soon. Fundamentals, technicals and sentiments are favourable for a steady uptrend. Earnings are likely to improve from Q3 onwards. Technically, short covering is happening and can accelerate,” said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

From the market sentiment perspective, a US-India trade deal without the penal tariff and a lower reciprocal tariff is likely, he added.

Major US indices made gains overnight as the Nasdaq added 0.94 per cent, the S&P 500 edged up 0.48 per cent and the Dow inched up 0.27 per cent.

Most of the Asian markets were trading in the green during the morning session. While China’s Shanghai index dipped 0.12 per cent, and Shenzhen advanced 0.23 per cent, Japan’s Nikkei edged up 0.77 per cent, while Hong Kong’s Hang Seng Index moved up 0.12 per cent. South Korea’s Kospi lost 0.46 per cent.

On Thursday, foreign institutional investors (FIIs) purchased equities worth Rs 366 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 3,326 crore.

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Business

Stock market rises for 3rd consecutive day on US Fed rate cut, buying in IT sector

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Mumbai, Sep 18: The Indian equity indices extended the gaining momentum for the third consecutive session on Thursday amid buying in IT stocks after the US Fed announced a rate cut.

Sensex closed at 83,013.96, up 320.25 points or 0.39 per cent.

The 30-share index opened with a decent gap-up at 83,108.92 against the last session’s closing of 82,693.71 after the US Fed announced a rate cut. However, the index remained range-bound throughout the session amid a mixed approach across sectors except IT.

Nifty ended the session at 25,423.60, up 93.35 points or 0.37 per cent.

“Global equities traded in the green after the U.S. Federal Reserve cut rates by 25 bps to 4–4.25 per cent and signalled two more reductions this year to cushion rising job market risks. Mirroring the upbeat global sentiment, Indian markets opened with a positive gap-up and maintained a sideways trajectory through the first half of the session,” Ashika Institutional Equities said in a note.

Eternal, Sun Pharma, Infosys, HDFC Bank, PowerGrid, HCL Tech, ITC, Hindustan Unilever, Tata Steel, Axis Bank and Bajaj FinServ settled high amid the Sensex stocks. Bajaj Finance, Tata Motors, Trent, Ultratech Cement, and Asian Paints ended the session in negative territory.

The majority of sectoral indices remained in green amid value buying. Nifty Fin Services jumped 135 points or 0.51 per cent, Nifty Bank rose 234 points or 0.42 per cent, Nifty Auto moved up 34 points or 0.13 per cent, Nifty FMCG jumped up 201 points or 0.36 per cent, and Nifty IT surged 303 points or 0.83 per cent.

Broader indices continued their bullish run amid buying in midcap and small-cap stocks. Nifty Small Cap 100 jumped 53 points or 0.29 per cent, Nifty Midcap 100 increased 224 points or 0.38 per cent, and Nifty 100 ended the session 91 points or 0.35 per cent high.

“Rupee closed weaker by 0.26 at 88.09 despite the dollar index staying soft post-Fed policy, where a rate cut was announced but forward guidance remained mixed as the roadmap for further cuts was unclear and data-dependent on jobs,” said Jateen Trivedi of LKP Securities.

The rupee failed to gain as FII sentiment remained cautious, while ongoing India-US trade talks will be the next key trigger. Support for the rupee lies near 87.75, while resistance is seen at 88.25, he added.

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Business

Fed Finally Cuts Interest Rates, But What’s Next For India’s Markets & Gold Prices?

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Mumbai: The US central bank (Federal Reserve) has cut interest rates for the first time in 2025. This step is expected to support the US economy. Fed Chairman Jerome Powell said the decision was not due to political pressure, even though President Donald Trump had been demanding a rate cut for a long time.

The Fed has also hinted that it may cut rates two more times this year. This is to help the weak US job market. In the recent two-day meeting, almost all Fed members supported the 25 basis points cut. Only one member, Stephen Miran, voted against it.

Stephen Miran works with the White House and was earlier Trump’s economic advisor. He wanted a bigger cut—50 basis points. Trump had promised rate cuts during his election campaign.

New interest rate: 4 percent to 4.25 percent

Repo operation rate: 4.25 percent

Interest on reserve balance: 4.15 percent

Reverse repo rate: 4 percent

Prime credit rate: 4.25 percent

This US rate cut could help Indian markets. Lower US interest rates may push foreign investors to invest in India for better returns. This could lead to growth in the Indian stock market.

Gold may also get a boost. When interest rates fall, investors often look for safer and better returns—like gold. So gold prices might rise further.

The US job market is still weak. Looking at this and other economic risks, more rate cuts may happen in the coming months.

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