The Federal Government has implemented an alteration to the Move Brazil program, now allowing the acquisition of used vehicles. This program functions as a line of credit with a total amount of up to R$ 30 billion, intended to facilitate the purchase of both new and used cars by taxi drivers and ride-share drivers, offering special conditions and reduced interest rates.
This expansion came into effect on July 15th and covers electric or hybrid flex models with a model year from 2024 onwards, maintaining the price limit set at R$ 150 thousand. Previously, the benefit was restricted to the purchase of brand-new automobiles. The change aims to broaden possibilities for workers who face difficulties obtaining full financing for a new car, while also encouraging the migration to more environmentally friendly fleets.
According to the first report released by the National Bank for Economic and Social Development (BNDES) on July 14th, approximately R$ 1 billion of the R$ 30 billion available has already been utilized. This resource benefited 10,179 drivers, with an average financing value recorded of R$ 102 thousand.
The program is part of a Brazilian Government initiative to simplify vehicle purchases for taxi and ride-share drivers, offering financing with lower interest rates and facilitated conditions. It was created specifically to support self-employed professionals in individual passenger transport.
Eligibility criteria vary according to professional category. Ride-share drivers (such as Uber, 99, and similar) must have an active registration on the digital platform for at least 12 months and prove they have completed at least 100 rides on that same platform, with this aptitude confirmed by the platform itself. Taxi drivers, on the other hand, must possess valid licenses and registrations with competent municipal or traffic bodies, in addition to demonstrating fiscal and registration regularity with the Federal Revenue, which is validated via the gov.br portal.
Each beneficiary, identified by CPF, is permitted to finance only one vehicle. For taxi cooperatives, the maximum limit is one automobile per cooperative member. Additionally, to promote gender equality and support female entrepreneurship, Move Brazil offers differentiated credit conditions for women drivers and taxi drivers, including lower interest rates and greater flexibility in grace and payment periods.
Credit operations are managed by BNDES and executed by a vast network of partner banks. The program provides distinct interest rates: 0.91% per month (equivalent to 11.5% per year) for women, and 0.99% per month (12.6% per year) for men. The maximum repayment term stipulated is up to 72 months (six years), and applications can be made until September 15th. The grace period is up to six months, as defined by the National Monetary Council.
Initially, the Mover program financed only modern and clean fleets, requiring brand-new vehicles, powered by flex, hybrid, or 100% electric technology, with a maximum value of R$ 150 thousand on the invoice. With the inclusion of used vehicles, new requirements emerged: the price limit remains at R$ 150,000, the model year must be from 2024 onwards, and the propulsion must be exclusively electric or hybrid flex. It is mandatory that the manufacturer is enabled in the Mover Program (Green Mobility and Innovation).
The procedure to join the Move Brazil Program is entirely digital and free. The interested party must access the government portal at gov.br/movebrasil or the MDIC services section, log in with the gov.br account, and authorize data cross-referencing for eligibility verification. Within five business days, the candidate receives confirmation of service in the gov.br profile messages or via WhatsApp. After approval, the participant chooses the eligible vehicle, respecting the R$ 150 thousand ceiling, and seeks out an accredited dealership or store to contract the credit. Alternatively, the application can be made directly at the client's bank, where the credit analysis is rigorous and considers the banking history, not just the Serasa Score. Finally, after bank approval, the proposal is sent to BNDES for automatic validation, and the amount is released to the bank to settle the Invoice, allowing the driver to pick up the vehicle.
Today, July 25, is scheduled for the announcement of financial results for the first quarter of the fiscal year 2027 (Q1FY27) from a number of companies. Among them are AU Small Finance Bank, IDFC First Bank, Zen Technologies, Vedant Fashions, Birla Corporation, Prudent Corporate Advisory Services, Five-Star Business Finance, SBFC Finance, Dodla Dairy, Seshasayee Paper and Boards, Surana Solar, and 3P Land Holdings.
Also today will present their reports firms such as High Energy Batteries (India), Nila Infrastructures, FCS Software Solutions, SKP Securities, Exxaro Tiles, Suryalakshmi Cotton Mills, Sachem Finserve, Mercury Laboratories, Dhanuka Realty, Sea TV Network, Katipatang Lifestyle, Lexoraa Industries, and Veronica Production.
The state power producer NTPC reported a 13 percent increase in consolidated net profit compared to the previous year for the April-June period. The company's net profit in Q1FY27 reached 6,896.44 crore rupees, up from 6,108.46 crore rupees the previous year. Total revenue for the quarter amounted to 51,141.51 crore rupees, higher than the figure of 47,821.11 crore rupees for the same period last year.
Indian stock indices continued their five-day streak of declines on Friday. This marked the longest streak of declines since January, as investors assessed inflation and economic growth forecasts amid high crude oil prices. The Sensex index fell by 332 points, or 0.43 percent, closing at 76,059.77, while the Nifty50 declined by 102.15 points, or 0.43 percent, settling at 23,767.45.
Among the main losers on the Nifty50 were Eternal, Bajaj Finance, and Mahindra & Mahindra. Broader markets also closed in the red: the Nifty MidCap and Nifty SmallCap indices adjusted by 0.10 percent and 0.32 percent, respectively. In sector indices, Nifty Auto showed the worst performance, declining by 1 percent, while Nifty Realty and Nifty Pharma also showed negative dynamics. Meanwhile, the Nifty Media and Nifty IT indices demonstrated better results compared to the overall market.
The Minister of Finance, Economic Development and Investment Promotion of Zimbabwe, Mutuli Ncube, announced that Zimbabwe has joined the BRICS New Development Bank (NDB). This step is expected to expand the country's access to development financing and investments.
According to the Ministry of Information, Publicity and Broadcasting Services on the social network X, membership in the bank will improve access to financial resources for development, deepen economic cooperation with BRICS nations, and provide Zimbabwe with a more significant representation in global economic decision-making.
The New Development Bank was established in 2014 by countries such as Brazil, Russia, India, China, and South Africa, and began its operations in 2015. It finances projects in infrastructure and sustainable development in both BRICS countries and other developing and emerging economies.
Zimbabwe applied to join the bank in 2023, with negotiations for its acceptance progressing toward early 2026. Furthermore, the country submitted an official statement expressing its desire to join the BRICS bloc itself.
As part of the first official visit by the speaker of the lower house of the Czech Republic in almost seven years, a high-level delegation led by the Speaker of the Chamber of Deputies, Tomio Okamura, arrived in China. This visit coincides with the tenth anniversary of the strategic partnership between the two countries.
The five-day trip covers major cities such as Shanghai, Hangzhou, and Beijing. The main focus is on practical cooperation in the fields of trade, tourism, and corporate sector interaction.
Czech companies representing the e-commerce, aerospace, and renewable energy sectors gathered in Beijing. There, they participated in the Conference on Economic and Trade Cooperation between the Czech Republic and China, exploring opportunities for targeted partnerships with their Chinese counterparts.
Fan Li Lei from CGTN held discussions with Czech business representatives. During this meeting, potential market opportunities and prospects for bilateral economic and international exchange were discussed.
