the Adani Group. One of India’s biggest automakers announced two electric vehicles around $25,000. At that competitive pricing, the company is muscling for market share in a country where adoption of EVs remains low, and where EV sales are dominated by one domestic manufacturer. Analysts are even more bullish on the company following its announcement. [For subscribers only] What happened in the markets? Indian stocks continued their gains this week. The Nifty 50 index has risen 2.4% this week at 24,708.40 points. The index has risen 13.7% this year. The benchmark 10-year Indian government bond yield has moved lower by more than 10 basis points to 6.67% since the end of last week on account of the slowing GDP growth rate.