Tata extends lifetime battery warranty to Curvv.ev, Nexon.ev 45kWh battery pack
Beyond mitigating concerns around battery replacement costs, the new warranty is expected to enhance long-term resale values for EVs. Tata Motors estimates that owners could save between Rs 8–9 lakh in running costs over a decade of EV ownership, further strengthening the value proposition for prospective buyers.In addition, Tata Motors has announced a loyalty benefit of Rs 50,000 for existing TATA.ev customers who choose to purchase either the Curvv.ev or the Nexon.ev 45kWh, underscoring the brand's commitment to rewarding early adopters of electric mobility.Subscribe to Auto Today Magazine- EndsTrending Reel
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Time of India
3 minutes ago
- Time of India
Marico's food biz crosses Rs 900 cr revenue mark in FY25
Bengaluru: FMCG major Marico in its annual report said that its foods portfolio, which comprises Saffola Oats , Saffola Soya Chunks , Saffola Honey, and ready-to-eat snacks, surpassed revenues of Rs 900 crore in FY25, reporting a 33 per cent year-on-year growth. 'Foods surpassed the Rs 900 crore mark this year, reaching ~5x of the FY20 scale. While the core franchises fared well, we leveraged the Saffola brand further to launch Muesli, Masala Millets and Cuppa Oats during the year,' said Saugata Gupta, MD and CEO, Marico in the report. The report stated that the growth in the food segment was fueled by healthy momentum in core franchises, as well as the accelerated scale-up of Plix and True Elements' nutraceuticals portfolio. Saffola Oats, which, as per the company's annual report, is in the number 1 position in the Indian Oats category, delivered double-digit growth while continuing to gain volume market share. Another key product - Saffola Soya Chunks, the FMCG giant said, is on track to become a Rs 100-plus crore brand in the medium term. Diversifying its presence in the ready-to-eat snacks category, Marico relaunched its Saffola Crunchiez Ragi Chips and partnered with ace cricketer Rohit Sharma to launch a co-owned sub-brand under True Elements. 'We remain confident of sustaining over 25% growth over the medium term, which would take the business to approximately 8x its FY20 scale, as we continue to enhance profitability within the category,' said Gupta adding that the company has expanded its gross margins by 1,000 bps over FY24 and FY25 in its foods portfolio, and expects a gradual margin expansion as the business scales in the medium term. The report highlighted that to accelerate growth in the segment, Marico is expanding reach through deeper outlet penetration, increasing shelf visibility in both general trade and modern trade, and driving e-commerce adoption. Commenting on distribution channels, the company said that modern trade and e-commerce continued to gain momentum, as general trade remained under pressure. Quick commerce, which is rapidly scaling, contributed 3 per cent to Marico's India business in FY25. In FY25, Marico's revenue from operations increased to Rs 10,831 crore with an EBITDA of Rs 2,139 crore. 'As we now build the next phase of transformation, our ambition is to achieve the next Rs 10,000 crore in revenues over the next 5 years,' said Gupta.
Hans India
8 minutes ago
- Hans India
New Credai Hyd team pushes for reforms, infra boost
Hyderabad: The newly-elected leadership of CredaiHyderabad has unveiled a progressive roadmap for the city's real estate sector, pledging holistic development, policy reforms, and infrastructure support. In its first formal media interaction since taking office on June 20, the committee outlined its vision for a more inclusive, transparent, and investment-friendly property market. N Jaideep Reddy, president, Confederation of Real Estate Developers' Associations of India (Credai) – Hyderabad, described the new leadership team as 'young, diverse, and energetic', representing all geographical quadrants—North, South, East, and West Hyderabad. He emphasised that many of the current office bearers are second-generation developers who rose through the Credai Youth Wing, which now comprises over 100 active members. 'Our team is rooted in experience and driven by fresh energy,' Reddy said. Within just three weeks of assuming charge, Credai Hyderabad has initiated dialogues with key government departments, especially the Municipal Administration and Urban Development (MAUD), to address long-pending regulatory and operational challenges. Reddy termed the government's response 'very positive', citing encouraging movement on stalled issues. The real estate sector in Hyderabad continues to exhibit strong fundamentals. According to Credai, property registrations in May 2025 alone crossed Rs 4,300 crore, registering a 14 per cent year-on-year growth. This surge, Reddy noted, is supported by Hyderabad's expanding employment hubs, a favorable investment climate, and ongoing infrastructure upgrades. Looking ahead, the city is expected to add nearly 200 million square feet of office space by 2026, fueled by rising demand from Global Capability Centers (GCCs) and sustained public investment in infrastructure. Projects such as the Regional Ring Road (RRR), Phase-II of the Metro Rail, and elevated corridors are set to significantly boost urban connectivity and ease mobility across the city. A major initiative announced was a mega property exhibition scheduled for August 15–17 at the Hitex Exhibition Center. The event will showcase over 300 real estate projects, including luxury apartments, villas, and gated communities, across more than 70 stalls in two large halls spanning 80,000 square feet. 'This show will be a one-stop destination for homebuyers to compare, clarify, and choose properties under a single roof,' said Credai convenor Kurra Srinath. The exhibition will also feature cultural elements such as Telangana's traditional art, crafts, and food courts to create a festive atmosphere for families. CredaiHyderabad is also pressing for key regulatory reforms. The body called for a reduction in stamp duty and simplification of approval processes, which are currently mired in bureaucratic delays across departments such as HMDA, GHMC, and the Water Board. Developers are often required to obtain water feasibility certificates despite the absence of a standard process. 'To truly improve ease of doing business, we urge the state to unify these services under a single-window clearance system that integrates fire safety, electricity, water, and municipal permissions,' said a Credai representative. Another contentious regulation under scrutiny is the mortgage clause mandated by GO 86, which requires developers to mortgage 10 per cent of the land. 'Given the full implementation of RERA, this clause is outdated. We are requesting its revision or removal,' Credai leaders argued. Responding to perceptions that West Hyderabad is the city's only growth zone, the leadership highlighted robust developments across North, East, and South. 'The people tend to focus on the West due to higher visibility and marketing, but the real growth is across the city,' they asserted. With recent rate cuts by the Reserve Bank of India making home loans more affordable, Credai Hyderabad believes now is an ideal time for buyers to invest. 'Hyderabad remains more affordable than metros like Bengaluru or Chennai. With better infrastructure and quality of life, the timing couldn't be better,' they added. Concluding, Reddy reiterated the association's commitment to sustainable, inclusive growth and collaboration with all stakeholders. 'CredaiHyderabad is ready to lead from the front and ensure our city remains one of India's most vibrant real estate destinations.'
NDTV
30 minutes ago
- NDTV
West Bengal Gears Up For Rare Earth Mining In Purulia District
Kolkata: West Bengal is set to join India's rare earth mining map with the Geological Survey of India (GSI) conducting advanced exploration in Purulia district, a senior official said on Friday. Although the rare earth deposit in Purulia is relatively small, the development is significant as India looks to reduce dependence on imports of critical minerals essential for electric vehicles (EVs), electronics, and renewable energy technologies. "G2-level exploration is underway in two blocks - one in Karbi Anglong district of Assam and the other in Purulia, West Bengal," GSI Director General Asit Saha said on the sidelines of the Assocham-organised 3rd edition of Minerals and Mining conclave. He added that these blocks are expected to be ready for auction within a year. The G2 stage represents an advanced level of exploration, providing a fairly high degree of confidence in the resource estimation. Upon completion, the findings will be submitted to the respective state mines departments and the Union Ministry of Mines for further action, Saha said. While GSI has not identified specific rare earth elements in these locations yet, Saha said the deposits typically consist of a "basket of 14-17 rare earth minerals," making the extraction and processing technically challenging. He noted that India has discovered promising vanadium deposits - another critical mineral - in the lower Himalayan belt. "We have very good vanadium resources in the Himalayan region, which are essential for energy storage and alloy production," Saha said. According to him, nearly 50 per cent of ongoing early-stage exploration projects in the country are focused on rare earth elements, reflecting their growing strategic importance. However, operationalisation of mines faces challenges, including land acquisition issues, environmental clearances, and lack of private sector interest. Separately, Union Heavy Industries Minister H D Kumaraswamy on Friday announced that the central government will soon launch a Rs 1,345 crore scheme to boost manufacture of rare earth magnets domestically. These magnets are critical components in electric motors used in EVs, wind turbines, and defence applications. India is also actively pursuing lithium exploration, with 20 projects spread across four to five states, officials said.
