Maruti Suzuki India Ltd. will emerge as the biggest manufacturer of electric vehicles in the Indian market by the end of 2025-26 (Apr-Mar), the company's Executive Director Partho Banerjee said Friday on the sidelines of the Bharat Mobility Auto Expo. Banerjee said this in response to a query about the company's expected sales figures for its first-ever pure electric vehicle, the e Vitara.Register to read
VE Commercial Vehicles' newly launched electric light-to-medium commercial vehicle – Pro X – may come off as too expensive, but according to the company's Chief Executive Officer Vinod Aggarwal, the spending on the truck will be lower than diesel vehicles over five years because of its affordable operating expenses. "If we include the (EMI) equated monthly instalment and operating cost, customer's total cost over 5 years will come down, even if the acquisition cost is higher," Aggarwal told Informist.Register to read
Wipro Ltd. failed to repeat the previous quarter's performance as sales in the December quarter were flat sequentially compared with a 1.5% rise in the September quarter. Rise in sales of the health business helped offset the lower sales of its largest segment of banking, financial services, and insurance.Register to read
Tech Mahindra Ltd. reported lower-than-expected earnings for the December quarter with both the top line and bottom line seeing a sequential fall. The information technology company reported a double-digit sequential decline in consolidated net profit for the quarter, breaking four consecutive quarters of sequential growth, while its consolidated revenue fell marginally on quarter. The fall in sales was led by weak performance of the company's communications and manufacturing verticals and lower revenues from Europe.Register to read
The Budget for 2025-26 (Apr-Mar) must address the slowdown in urban consumption, which is getting more pronounced now, according to IDFC FIRST Bank Chief Economist Gaura Sen Gupta. "There is a need to boost urban consumption. We've had the past few budgets, which have focused on the rural side. We are lucky that the rural sector has got the support of a good kharif harvest and a good rabi harvest. Now, we need something for the urban sector," Sen Gupta told Informist in an interview. Register to read