Market News
Stay updated with the latest market trends, earnings, and economic indicators.
India's electric scooter boom: Mass market adoption spreads beyond metros
Electric scooter sales are expanding beyond big cities into smaller towns and rural India. This shift signals a mass-market phase for electric mobility. Established two-wheeler manufacturers are gaining ground. Consumer demand is rising due to fuel prices and growing EV acceptance. Reach, service, and trust are now crucial for success in this evolving market.
India’s audio streaming apps pivot to 'hybrid' model to drive paid subscriptions
The landscape of audio streaming in India is undergoing a transformation with a dynamic hybrid model gaining traction. Services are blending free, ad-supported formats with attractive premium subscriptions to secure long-term revenue streams after several years emphasizing sheer user volume. Amazon Music stands out by introducing a three-tier structure, which includes a no-cost, ad-enabled service.
Railways renews push for installing Atmospheric Water Generators
Indian Railways has renewed its push to deploy Atmospheric Water Generators (AWGs) in water-scarce areas, asking zones, production units and PSUs to identify locations where clean drinking water supply remains a challenge. AWGs generate potable water from moisture in the air and can be installed at railway stations, hospitals, staff colonies, offices, level crossings and other service areas.
Tesla to establish sales and service centre in Hyderabad
Electric vehicle maker Tesla is preparing to open a sales and service centre in Hyderabad. Representatives met with Telangana's IT Minister D Sridhar Babu. The state government highlighted its strong ecosystem for electric vehicles and advanced technologies. This move signifies Tesla's expansion plans in India. The minister invited Tesla to explore further investment opportunities in Telangana.
Ola Electric Claims Customers Kept Buying Despite Viral Service Complaints
Ola Electric Chairman Bhavish Aggarwal said scooter demand rebounded after months of viral complaints over delayed repairs and service issues as inventory levels dropped sharply across its network.
Ola Electric To Restart New Product Launches After Service Problems Hit Rollout Plans
Ola Electric said it slowed new product launches while dealing with service backlogs, spare-part shortages and operational issues across its repair network.
Airtel launches 'Priority Postpaid' with a 'slicing' tech: Check the 5G plans
Bharti Airtel has launched "Priority Postpaid," a new service leveraging 5G slicing technology to enhance network experience for postpaid users. This innovation prioritizes connectivity for premium customers during high-traffic situations, ensuring stable performance for work and daily digital needs. It marks India's first deployment of slicing-based 5G services, offering a more reliable and dependable mobile experience.
Amazon Now to deploy 1,000 Eicher electric trucks
Amazon India is introducing 1,000 electric trucks for its Amazon Now service by 2028. Fifty trucks are already on the road. These vehicles will transport goods between fulfillment centers and micro-fulfillment centers. The initiative aims to support quick commerce operations across India, starting with key cities.
Hyundai reiterates commitment to India as it marks 30 years of operations in country
Hyundai Motor India celebrates 30 years, reaffirming its dedication to India's mobility future. The company has invested heavily and plans further expansion in manufacturing and electrification. HMIL has achieved significant sales milestones and exports, solidifying India's role in its global strategy. Future plans include introducing new products and enhancing service networks across the nation.
Cold-rolled formed engineering solution slashes mining scrap by 80 pc, cut costs by 10-20 pc:Experts
Cold-rolled formed engineering solutions are revolutionizing the mining sector by significantly reducing waste, with experts highlighting up to an 80% decrease in scrap generation. This precision-driven process minimizes material loss, lowers costs, and enhances long-term performance. The technology also improves corrosion resistance and coating retention, leading to extended service life and reduced maintenance expenses.
Ather Energy Q4 Results: Net loss narrows, revenue jumps 74% but stock slips
Ather Energy's service network expanded to 548 service centres, which it said is nearly 2x its FY25 footprint. It has over 6,000 charging points powered by LECCS.
TVS Motor enters Zambia with multi-product launch to boost Africa expansion
The company has partnered with Zamoto Manufacturing Limited as its authorised distributor to establish a comprehensive sales, service and spare parts network across the country.