Six stories from Indian consumer business this morning, in the order they matter.
Groww’s early backers sold Rs 5,400 crore
Peak XV sold 9.17 crore shares of Groww’s parent on Tuesday at an average Rs 191.49, a cheque of Rs 1,756 crore and roughly a tenth of its 15.68% holding. It is the third such exit in under a month: Y Combinator took out Rs 1,435 crore and Ribbit Capital Rs 2,217 crore. The stock closed 4% lower at Rs 189.76, valuing the broker near Rs 1.19 lakh crore. Domestic mutual funds and insurers are on the buying side. Nothing changed in the business this week. The shareholder register did (Entrackr, Business Today).
Kia uncaps its EV battery warranty
Kia India said on Wednesday that the Carens Clavis EV’s high-voltage battery is covered for 15 years with no kilometre limit, for the first private owner, on cars retailed from 1 August. The old terms were eight years or 1,60,000 km. Earlier buyers can upgrade for a one-time Rs 3,400. Fleets and second owners stay on the old cover, which is the catch: the resale discount on a used EV is set by exactly the uncertainty this warranty refuses to travel with (Autocar Professional).
Scooters hit a record 8.55 lakh units
Ten manufacturers dispatched 855,715 scooters to dealers in August, up 31% on last August and past the previous best of 824,003 in October 2025. Honda took 256,675 and reclaimed the lead it had lost to TVS in July, the first month TVS had ever topped the segment. These are stocking numbers ahead of Navratri, not retail. Underneath sits the slower story: Honda’s share has fallen from 57% to about 39% in a decade while TVS doubled to 28%, and electric now takes 22% of the segment (Autocar Professional).
A vehicle loan book crosses Rs 50,000 crore
AU Small Finance Bank said its Wheels business passed Rs 50,000 crore in assets under management in August, close to a third of the bank’s total loan book, across 13.7 lakh borrowers. Rs 30,752 crore sits against new vehicles and Rs 17,966 crore against pre-owned ones. That used-vehicle third is the interesting part: it is where formal credit reaches the borrower a bank statement does not describe, and it is the book a large private bank finds hardest to copy (Autocar Professional, Outlook Business).
Festive online sales sized at Rs 1.55 lakh crore
Festive online sales are projected to rise as much as 29% this year, to about Rs 1,55,000 crore from roughly Rs 1,20,000 crore in 2025, with Blinkit, Instamart and Zepto pushing into tier-2 and tier-3 towns for the incremental orders. The cost of the store serving them has moved as well: capex guidance per dark store is now near Rs 2.5 crore against about Rs 1 crore two years ago. At that price the season has to prove the higher-ticket categories stay after Diwali (Business Standard, Storyboard18).
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