MAM
Fiat cuts prices of flagship model Palio
BANGALORE: Fiat India Private Ltd has announced a cut down on the prices on its flagship model Palio. The price reduction from Fiat, with immediate effect in Mumbai, will be implemented for all the three Palio models. Price reduction in other cities will be made over the next few days.
With this reduction the top end model Palio -1.25 litre ELX will now be available at Rs. 4.15 lakh which means Rs. 22,000 less than its current mark up, states an official release.
Speaking on the price cut, Fiat India Pvt Ltd MD Paolo Castagna said, “Fiat in order to beat the competition of Swift and Getz has reduced the Prices of Palio 1.25 ELX from Rs. 4,37,000 to Rs. 4,15,000. The customers would benefit a reduction of Rs. 22,000. The price of Palio 1.25 EL will be reduced accordingly.
The new prices are effective immediately. “We have recognized various roadblocks and understand the need to create the required consumer confidence making Fiat the most preferred choice. With a renewed brand strategy, focusing on the premium end of the growing automobile sector we have also recently launched a state-of-the-art service station in Gurgaon,” added Castagna.
Brands
RPSG’s Sudhir Langer exits days before IPL 2026
Timing sharpens focus on stake sale buzz and LSG’s tightening financial playbook
MUMBAI: RPSG ( RP-Sanjiv Goenka) Ventures has sprung a late leadership surprise just as the IPL drumroll begins. Sudhir Langer will step down as whole-time director and from the board effective March 31, days after the 2026 Indian Premier League season kicks off on March 28.
The timing is hard to ignore. RPSG Ventures owns Lucknow Super Giants, and Langer’s exit lands in a narrow pre-tournament window when operational focus is typically at its peak.
The move also coincides with chatter around a potential stake sale. According to a Moneycontrol report, the RPSG Group, led by Sanjiv Goenka, is exploring options to offload up to a 15 per cent stake in the franchise. There has been no official confirmation.
RPSG had acquired the Lucknow franchise in November 2021 for Rs 7,090 crore, among the highest bids in IPL history. The team operates under RPSG Sports Private Limited and carries a sizeable annual franchise fee obligation of Rs 709 crore through FY31.
Financials underline both scale and strain. The franchise remains heavily reliant on central revenue distribution from the Board of Control for Cricket in India. In H1 FY26, it received Rs 399 crore as its share of franchise rights, compared with Rs 458 crore in FY25, the single largest contributor to income.
Total revenue for H1 FY26 stood at Rs 495.9 crore, with profit at Rs 63.7 crore. Yet FY25 saw a softer showing: revenue fell about 20 per cent to Rs 557 crore, weighed down by fewer matches and a lower league finish in the 2024 season. Growth has since been modest, with H1 FY26 revenue rising roughly 3 per cent year on year.
That leaves LSG balancing on a familiar IPL tightrope: strong central inflows, volatile on-field-linked earnings and a hefty fixed fee burden.
With a leadership exit, stake-sale speculation and a new season about to begin, Goenka’s cricket bet is entering a decisive phase—where timing, performance and capital strategy will all have to click.
