Saturday, October 03
Maruti Suzuki India Ltd is betting big on railways for its logistics network, aiming to dispatch 35 per cent of its vehicles through trains by 2030-31, up from 24 per cent last year.The announcement comes as the company inaugurated its second in-plant railway siding at its Manesar facility on Tuesday, now the largest GatiShakti multi-modal cargo terminal in the country. The development is part of a larger push by the carmaker to reduce its carbon footprint and streamline dispatch operations. “Once it becomes fully operational, we will be able to dispatch 4.5 lakh vehicles annually, increasing the share of railway dispatches to 35 per cent by FY 2030-31,” said Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki. This would represent nearly a 40 per cent jump from current levels
Ahmedabad-based Torrent Pharma is revving up for acquisitions in India as part of its plans to break into the top three drugmakers over a span of three to five years. Currently at seventh position by market share, Torrent has dramatically scaled up its India operations over the last five years with bolt-on deals for leading brands and small companies.For FY25, Torrent had sales of Rs 11,516 crore, of which India contributed Rs 6,393 crore. In the first media interaction following the announcement of his new role starting August 1, Aman Mehta, managing director-designate at Torrent Pharma, told ET that the commitment to the Indian market remains as strong as ever."To be in the top three looks to be an ambitious but realistic goal," he said. "Even with some of the structural changes that are
Companies making packaged foods and beverages, detergent and paint said the ongoing West Asian conflict may drive up crude oil prices again and potentially hurt demand further, just as input costs had started to stabilise."Geopolitical tensions in the Middle East could pose short-term headwinds, by driving up crude oil prices," said Krishna Khatwani, head of sales, Godrej Consumer Products, which makes Cinthol soap and GoodKnight mosquito repellent. "This may drive up the prices of the overall purchase basket and pinch consumers."Conflict has broken out at a time when consumer goods companies had started to indicate early signs of demand picking up after five quarters, buoyed by interest rate cuts by the Reserve Bank of India (RBI), tax benefits introduced in the budget and the early onset
Maruti Suzuki on Tuesday launched the 2025 Grand Vitara S-CNG, offering an eco-friendly option in its popular SUV lineup.Powered by Maruti’s Next-Gen K-series 1.5-litre, Dual Jet, Dual VVT engine, the Grand Vitara S-CNG delivers a remarkable fuel-efficiency of 26.6 km/kg while retaining a strong and exhilarating driving experience.Commenting on the launch, Partho Banerjee, Senior Executive Officer, Marketing and Sales, Maruti Suzuki India Limited, said, “The new 2025 Grand Vitara S-CNG offers a range of new convenience & safety alongside the introduction of 6 airbags as standard. Powered by our Next-Gen K-series 1.5-litre Dual Jet Dual VVT engine, it delivers remarkable fuel-efficiency, without compromising on its exhilarating SUV drive experience. We are confident that the new Gra
Shares of Shipping Corporation of India (SCI) fell as much as 6.1% to Rs 221 on Tuesday, reversing some of the sharp gains from the past two sessions as investors booked profits and growing optimism around a potential truce in the Middle East conflict tempered fears of prolonged disruption to global shipping routes.The downturn in SCI shares followed a near 18% rally across the last two sessions, fuelled by expectations of a surge in global tanker rates and mounting concerns over escalating tensions in the Middle East. Shares of peer Great Eastern Shipping Company also retreated, dropping 3.2% to Rs 972.70 on the BSE on Tuesday after gaining over 5% in the previous two sessions.Profit-booking follows Middle East-driven rallyIndian shipping counters had seen strong investor demand last week
