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#okbetph As many as six cars priced over Rs 50 lakh were sold every hour in India this calendar year, up from only two five years back, indicating a sharp rebound in demand at the upper end of the market and an expanding affluent class. ET Year-end Special Reads Two sectors that rose on India's business horizon in 2024 2025 outlook: Is it time for cautious optimism or rekindling animal spirits? 2024: Govt moves ahead with simultaneous polls plan; India holds largest democratic exercise Sales are expected to accelerate further with luxury carmakers preparing to roll out more than two dozen new vehicles in 2025. Several senior industry executives ET spoke to said while growth is expected to ease going ahead on a high base, luxury car sales are poised to surpass the 50,000 mark for the first time in 2025. “We expect the industry to grow around 8-10% in 2025,” said Balbir Singh Dillion, Head, Audi India. “This is on the back of very strong post-pandemic growth in luxury car sales, reaching all-time high.” Santosh Iyer, managing director and chief executive officer, Mercedes-Benz India, concurred, “With the current macros, we expect a steady 2025, primarily owing to favourable business climate, steady earnings and positive consumer sentiments—all of these resulting in increased consumption.” Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrows Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program While Mercedes-Benz will announce its 2024 sales performance in January, industry executives say the luxury car market leader would be closing the year with sales of nearly 20,000 cars. The company posted a 13% rise in sales to 14,379 units in the nine months till September. “Mercedes-Benz India is confident of continuing the growth momentum in CY2025 and focus on consolidating our gains made in 2024, with new product introductions and market expansion,” said Iyer. Rival BMW India’s sales grew by about 5% to a record 10,556 vehicles during the January to September period. Audi India, though, is likely to end the year with an estimated 16% drop in sales due to non-availability of certain models and parts, as per S&P Global Mobility’s sales forecast. Audi India said it is geared up to revive sales next year. “We are prepared for 2025 with a product pipeline which has long been loved and desired by Indian consumer. Our focus on customer centricity will continue to drive our efforts to deliver exceptional experiences and set benchmarks for luxury mobility in India,” said Dhillon. Luxury cars currently have a little over 1% market share in India—the lowest among major economies. The country however offers ample growth potential given it is home to one of the highest number of billionaires worldwide, industry experts said. Between 2023 and 2028, India will witness the highest increase for any country in the number of ultra-high-net-worth individuals (UHNWIs), with a net worth of $30 million or more, as per Knight Frank’s flagship study, ‘The Wealth Report 2024’. The number of ultra-rich Indians is expected to surge by 50% to 19,908 in 2028 from 13,263 in 2023. India will be followed by China (47%), Türkiye (42.9%), and Malaysia (35%), according to the report. Luxury car sales Year / Sales 2020 - 20,500 2021 - 28,600 2022 - 38,000 2023 - 48,000 2024 - 50,000 2025* - 53,000-54,000 *Estimates Source: Industry Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )

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Vodafone Idea shares: 2 reasons why this telecom stock is in news todayElectric vehicle manufacturer Tesla is worth more than the next 35 biggest automakers combined, according to Newsweek 's calculations. Newsweek has contacted Tesla for comment via email. Why It Matters Tesla's valuation has been on a meteoric rise, especially after the U.S. presidential election in November 2024. The company's stock soared post-Election Day, fueled by investor optimism in the possibility of favorable policies under the incoming administration. Its CEO, South African-born billionaire Elon Musk , is a close ally of President-elect Donald Trump . Musk contributed heavily to the Republican 's 2024 election campaign and has been selected by Trump to serve in his new administration. What To Know With a market cap of around $1.46 trillion, it is more valuable than the 35 next-biggest automakers, which, combined, have a total value of approximately $1.42 trillion. Below, Newsweek has visualized how Tesla's current value compares to that of its competitors. In North America, Tesla's value far exceeds that of the two other biggest manufacturers, General Motors and Ford , which have market caps of $59.57 billion and $40.02 billion respectively. The second biggest company on the chart overall was Japan-headquartered Toyota, with a market cap of $262.07 billion. One finance expert told Newsweek that with its current market cap, the market expects Tesla will be able to substantially grow its earnings in the future. But unlike other large companies such as Microsoft , Alphabet , and Meta Platforms that have "network effects," allowing the company to maintain high-profit margins, the automobile sector is competitive, limiting the ability to have high-profit margins, said Jay Ritter, professor of finance at the University of Florida. What People Are Saying Ritter told Newsweek : "Tesla is likely to benefit from the rollback of Biden administration policies that favored unionized automakers. But it is hard to see how these benefits will be big enough to allow Tesla to grow to have annual after-tax profits of $75 billion or more, which would be needed to give the company a price-earnings ratio of 20 and a market cap of $1.5 trillion. "Thus, while anything can happen in the short run, I expect that Tesla stock will underperform in 2025 and beyond, as the market becomes disappointed with Tesla's inability to grow profits to $75 billion a year." What Happens Next The firm's CEO, Elon Musk, is set to take up his position spearheading the newly created Department of Government Efficiency (DOGE) once Trump is inaugurated on January 20, 2025. Do you have a story we should be covering? Do you have any questions about this article? Contact LiveNews@newsweek.com

Population in 2024

OWINGS MILLS, Md. (AP) — The biggest question facing the Baltimore Ravens right now has little to do with Lamar Jackson or even a defense that started the season poorly. It's about a kicking conundrum that has turned into a crisis. Can the Ravens make it to the Super Bowl with Justin Tucker? One of the more surprising subplots of this NFL season has been Tucker's decline from one of the greatest of all time to a week-in, week-out liability. Sunday's loss to Philadelphia might have been the nadir — he missed two field goals and an extra point in a game the Ravens ultimately lost 24-19 . “Points were at a premium in the game. They have been in a few of these games. Sometimes we haven't made the most of our opportunity to score points,” coach John Harbaugh said Monday. "We're racking our brains, talking to Justin, looking at what we're doing. I'm very confident that it's going to get fixed. I believe it will. It has to. “And he's the guy to get it fixed.” Harbaugh has given every indication that he's standing by Tucker, who is in his 13th season and is under contract through 2027. When he's at his best, he's the type of kicker that gives his team a clear advantage in close games, but this season he has missed eight field goals. Sunday showed that against a good defensive team, the Ravens (8-5) can't simply assume their excellent offense will pile up points. There almost certainly will be close games in the weeks to come. Tucker's ability to come through will be tested again, and it's hard for Baltimore to feel too confident at the moment. “When he was hitting, three or four years ago, hitting bombs, we were going 57, 58, 56 pretty regularly," Harbaugh said. “That's tightened up a little bit.” What's working The Ravens continue to do a good job stopping the run. Although Saquon Barkley did eventually surpass the 100-yard mark late in the game, Baltimore held the Eagles to 140 yards on the ground, well below their usual output. What needs help Even beyond Tucker's problems, Sunday wasn't a great showing by Baltimore's special teams. Tylan Wallace was shaky returning punts, and the Ravens had to start four drives inside their own 20 and two inside their own 10. “They had great bounces, and they downed right down in there,” Wallace said. "I’m pretty sure we’ll come back and talk about those and see what we can do to avoid those.” Stock up The Ravens' defense continued to show signs of improvement, holding Philadelphia to 252 total yards. “I think we’ve just locked in on some things, and we’re playing our deep coverages better, bottom line,” Harbaugh said. "You watch the coverage, you watch the guys’ spacing, positioning, eyes, the communication, the checks that get made, and you just keep chasing doing the right things. It’s not (that we) changed the defense. We’re just playing it a lot better.” Stock down Harbaugh was vague on receiver Diontae Johnson's situation. He was active Sunday but didn't play, and he has only one catch in four games since the Ravens acquired him in a trade from Carolina. “I’m going to have to wait just to clarify it,” Harbaugh said. "There’s some moving parts there that we’re going to have to figure out and explore and just see where we’re at. I know that’s not the answer you want, but that’s the best I can do in fairness to everybody right now.” Injuries The Ravens were missing pass-rushing ace Kyle Van Noy (hamstring/neck) on Sunday, and WR Rashod Bateman was dealing with knee soreness. Key stats Through his first 12 seasons, Tucker made field goals at a 90% clip. That's dropped to 70% this season. He had a 95% success rate from under 50 yards, and that's dipped to 83%. Next steps The Ravens have this week off before a Dec. 15 road game against the New York Giants. Then comes a home matchup with Pittsburgh that may determine whether Baltimore has any shot to win the AFC North. ___ AP NFL: https://apnews.com/hub/nfl Noah Trister, The Associated Press