Brands
Maruti Suzuki’s WagonR reigns as India’s bestselling car four years running
MUMBAI: Maruti Suzuki’s WagonR has maintained its pole position as India’s highest-selling car for the fourth consecutive year, with 198,451 units sold during the financial year 2024-25.
The ubiquitous box-on-wheels has now amassed an impressive customer base of 3.37 million owners since its introduction, solidifying its status as the nation’s most beloved four-wheeled companion.
“WagonR’s sustained leadership in the Indian automotive market underscores strong customer trust and an unmatched value proposition over 25 years,” said Maruti Suzuki India senior executive officer for marketing and sales Partho Banerjee.
The company points to remarkable customer loyalty as a key factor in the model’s continued success, with one in four WagonR owners returning to purchase another—a rare feat in India’s notoriously fickle automotive marketplace.
Despite the rise of SUVs and crossovers that have left many traditional hatchbacks gathering dust in showrooms, Banerjee remains bullish about the segment’s prospects: “Hatchbacks are an integral pillar of India’s automobile industry… this segment will continue to be a cornerstone in spreading the joy of mobility to every Indian household.”
The WagonR’s enduring popularity flies in the face of automotive fashion trends, suggesting that practicality trumps posturing for many Indian buyers. The model’s winning formula combines spaciousness that belies its compact footprint, fuel efficiency that protects wallets, and just enough tech to keep pace with modern expectations.
Under the bonnet, customers can choose between two K-Series Dual Jet engines—1.0L for the budget-conscious and 1.2L for those craving a bit more snarl in their steering wheel. Both come with manual and auto gear shift transmission options.
The CNG variant continues to be a hit with eco-conscious penny-pinchers, offering superior fuel economy without sacrificing performance—a claim that might raise eyebrows among enthusiasts but resonates with family accountants.
Safety features include the requisite alphabet soup of modern protection systems: ABS with EBD, ESP, and Hill Hold Assist, all built on Maruti’s Heartect platform that uses high tensile steel to keep occupants secure in the event of an unscheduled meeting with roadside obstacles.
Inside, the WagonR offers modest luxuries including a 17.78cm infotainment system compatible with Apple CarPlay and Android Auto, steering-mounted controls, and dual-tone interiors that aim to elevate the cabin ambience beyond utilitarian transport.
As India’s car market continues its rapid evolution, the WagonR’s persistent chart-topping performance suggests that in a country where value still reigns supreme, this unassuming hatchback remains the undisputed king of the road.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
