
Jindal Mobilitric unveils R40 electric scooter with 165km range
"Electric mobility is the future of transportation and our foray into EV production is a strategic and significant milestone for us. The research and development of the EV has been done in-house, and we are excited about its launch," said a spokesperson from Jindal Worldwide.This EV launch marks Jindal Worldwide's strategic diversification beyond textiles into high-growth sectors. Known globally as one of the largest denim fabric manufacturers, the Ahmedabad-based company is now expanding its portfolio to include electric vehicles as part of its long-term vision.Further details regarding the R40's launch timeline and specifications will be announced via the company's official website and social media platforms.Subscribe to Auto Today Magazine- Ends
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Economic Times
44 minutes ago
- Economic Times
Motilal Oswal initiates coverage on Laxmi Dental with Rs 540 target; stock zooms 10%
Considering the supportive industry trend, domestic brokerage firm Motilal Oswal has initiated coverage on Laxmi Dental, with a 'buy' rating and a target price of Rs 540 for the stock, an upside potential of 26% from its previous closing. ADVERTISEMENT This was followed by a 9.6% surge in the shares of Laxmi Dental, taking the price to its day's high of Rs 469 on the BSE. 'Considering the supportive industry trend and Laxmiden's potential for sustained growth, we assign a 43x 12M forward earnings multiple to arrive at our TP of Rs 540,' said Motilal Oswal in its note, highlighting that the company has no direct competitors in the listed space. The note stated that the company's select focus on therapies, a customized and scalable business model, and strong growth momentum have led the brokerage firm to assign a similar multiple to Laxmi Dental. Laxmi Dental is the second-largest player in India's domestic lab segment, serving over 22,000 dental clinics and dentists across 320 cities. It exports to more than 90 countries and operates the largest export lab business. Industry growth is supported by rising digital dentistry adoption, a shift to premium metal-free products, and growing outsourcing of US lab work to is also a preferred partner for Heartland, one of the largest US-based Dental Service Organizations (DSOs), and was among the first to launch branded zirconia crowns under the 'Illusion Zirconia' brand. ADVERTISEMENT The company is also a leading importer of IOS scanners in India, with over 600 devices deployed under the iScanPro brand. Its legacy lab business, which contributes 62% of total sales, grew at a 15% CAGR to reach Rs 1,500 crore between FY22 and FY25. Domestic lab sales grew at 13% CAGR to Rs 871 crore in FY25, while its international labs business reported 17% CAGR growth, reaching Rs 607 Laxmiden's labs business is projected to grow at 21% CAGR over FY25–27, reaching Rs 2,200 crore. ADVERTISEMENT Also read: Jane Street complies with Sebi, deposits Rs 4,843 crore in escrow accountFurther, the global clear aligner market is projected to grow at a 15% CAGR to reach USD 55 billion by 2030. Laxmiden, the only fully integrated aligner player in India, manufactures and sells customized aligners via its Bizdent (B2C) and Vedia (B2B) units. Its 'Illusion Aligners' brand was the first Indian brand to secure US FDA 510(k) clearance in CY21. The company expects its aligner business to grow at a 33% CAGR over FY25–27, reaching ₹1,400 crore in revenue by FY27. ADVERTISEMENT The global pediatric crown market is expected to grow at a 7.5% CAGR, reaching USD 3.5 billion by 2030. Laxmiden, the only Indian manufacturer of Silver Diamine Fluoride (SDF), cleared by USFDA, also markets its BiofixTM crowns in India. The pediatric segment is expected to deliver 31% CAGR over FY25–27, with revenue reaching ₹449 crore and a projected PAT of ₹95 crore in healthcare services sector is evolving, with business models focusing on specific therapies and subsequently creating a comprehensive ecosystem. The customized service aspect not only adds value for patients but also benefits companies, establishing a strong competitive advantage for sustainable growth. ADVERTISEMENT Laxmi Dental has developed a comprehensive framework to bridge the gap in dentistry, effectively addressing the needs of patients across all age groups while enhancing the efficiency of dental practitioners. The adoption of technology has resulted in improved prospects in the international market. By utilizing celebrity brand endorsements as part of its marketing strategy, the company has also expanded its offerings in the aligner commenting on the risks, the brokerage firm noted that Laxmi Dental's growth may be impacted by delays in receiving approvals to launch or register products in international markets. Slower industry-wide adoption of new technologies could weaken its competitive a slower expansion of dentist coverage could limit growth in its domestic lab business and the emergence of alternative dental solutions replacing crowns or bridges may reduce overall demand and affect business prospects. Also read: Ola Electric Q1 Results: Net loss widens 23% YoY to Rs 428 crore, revenue drops 50% (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)


Time of India
an hour ago
- Time of India
Motilal Oswal initiates coverage on Laxmi Dental with Rs 540 target; stock zooms 10%
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Considering the supportive industry trend, domestic brokerage firm Motilal Oswal has initiated coverage on Laxmi Dental , with a 'buy' rating and a target price of Rs 540 for the stock, an upside potential of 26% from its previous was followed by a 9.6% surge in the shares of Laxmi Dental, taking the price to its day's high of Rs 469 on the BSE.'Considering the supportive industry trend and Laxmiden's potential for sustained growth, we assign a 43x 12M forward earnings multiple to arrive at our TP of Rs 540,' said Motilal Oswal in its note, highlighting that the company has no direct competitors in the listed note stated that the company's select focus on therapies, a customized and scalable business model, and strong growth momentum have led the brokerage firm to assign a similar multiple to Laxmi Dental is the second-largest player in India's domestic lab segment, serving over 22,000 dental clinics and dentists across 320 cities. It exports to more than 90 countries and operates the largest export lab business. Industry growth is supported by rising digital dentistry adoption, a shift to premium metal-free products, and growing outsourcing of US lab work to is also a preferred partner for Heartland, one of the largest US-based Dental Service Organizations (DSOs), and was among the first to launch branded zirconia crowns under the 'Illusion Zirconia' company is also a leading importer of IOS scanners in India, with over 600 devices deployed under the iScanPro brand. Its legacy lab business, which contributes 62% of total sales, grew at a 15% CAGR to reach Rs 1,500 crore between FY22 and FY25. Domestic lab sales grew at 13% CAGR to Rs 871 crore in FY25, while its international labs business reported 17% CAGR growth, reaching Rs 607 Laxmiden's labs business is projected to grow at 21% CAGR over FY25–27, reaching Rs 2,200 read: Jane Street complies with Sebi, deposits Rs 4,843 crore in escrow account Further, the global clear aligner market is projected to grow at a 15% CAGR to reach USD 55 billion by 2030. Laxmiden, the only fully integrated aligner player in India, manufactures and sells customized aligners via its Bizdent (B2C) and Vedia (B2B) units. Its 'Illusion Aligners' brand was the first Indian brand to secure US FDA 510(k) clearance in CY21. The company expects its aligner business to grow at a 33% CAGR over FY25–27, reaching ₹1,400 crore in revenue by global pediatric crown market is expected to grow at a 7.5% CAGR, reaching USD 3.5 billion by 2030. Laxmiden, the only Indian manufacturer of Silver Diamine Fluoride (SDF), cleared by USFDA, also markets its BiofixTM crowns in India. The pediatric segment is expected to deliver 31% CAGR over FY25–27, with revenue reaching ₹449 crore and a projected PAT of ₹95 crore in healthcare services sector is evolving, with business models focusing on specific therapies and subsequently creating a comprehensive ecosystem. The customized service aspect not only adds value for patients but also benefits companies, establishing a strong competitive advantage for sustainable Dental has developed a comprehensive framework to bridge the gap in dentistry, effectively addressing the needs of patients across all age groups while enhancing the efficiency of dental adoption of technology has resulted in improved prospects in the international market. By utilizing celebrity brand endorsements as part of its marketing strategy, the company has also expanded its offerings in the aligner commenting on the risks, the brokerage firm noted that Laxmi Dental's growth may be impacted by delays in receiving approvals to launch or register products in international markets. Slower industry-wide adoption of new technologies could weaken its competitive a slower expansion of dentist coverage could limit growth in its domestic lab business and the emergence of alternative dental solutions replacing crowns or bridges may reduce overall demand and affect business read: Ola Electric Q1 Results: Net loss widens 23% YoY to Rs 428 crore, revenue drops 50% (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)


India Today
an hour ago
- India Today
Tesla set to debut in India tomorrow, likely to launch the Model Y
Tesla is all set to make its much-anticipated India debut on July 15, 2025 and is expected to the launch of the Model Y electric SUV. The US-based EV giant has finalised its first showroom in Mumbai's upscale Bandra Kurla Complex. This marks the beginning of Tesla's journey in one of the world's fastest-growing electric vehicle Model Y will be Tesla's first offering in India and will be sold as a Completely Built Unit (CBU), likely imported from the company's Gigafactory in Shanghai. In preparation for its launch, Tesla has brought in vehicles, Superchargers, and accessories worth nearly $1 million into India, primarily sourced from China and the U.S. The imports include six units of the popular Model Y Model Y Long Range RWD variant offers an EPA-estimated range of 574 km and accelerates from 0–96kmph in 5.4 seconds. The AWD version delivers a slightly lower range of 526km but a quicker 0–96kmph time of 4.6 seconds. Both variants boast a top speed of 200kmph. In terms of design, the Model Y brings Tesla's signature minimalism. It features a sloping, coupe-like silhouette with full LED lighting and connected taillamps. Measuring 4,797mm in length, 1,982mm in width, and 1,624mm in height, with a ground clearance of 167mm, it is expected to come with 19-inch the Model Y sports a bright, dual-tone black and white cabin with a panoramic glass roof. The centerpiece is a 15.4-inch touchscreen that controls nearly all vehicle functions. Second-row passengers also get their own 8-inch display. Tesla's advanced features like Autopilot and over-the-air updates will likely be included, although real-world performance of Autopilot on Indian roads remains to be is expected to fall between Rs 50 lakh and Rs 75 lakh (ex-showroom), depending on the variant, subject to 70% basic import duty. This positions the Model Y in the premium EV segment. In the US the Model Y Long Range AWD costs Rs 35,69,198 (41,490USD), while the RWD version is priced at Rs 32,25,096 (37,490USD). To support its launch, Tesla is preparing a 24,566 sq ft experience centre in Mumbai and is actively hiring sales and service staff in both Mumbai and Delhi, where it plans to open its next showroom. While recent reports suggest Tesla has paused its plans for a local manufacturing facility, strong market response could encourage the company to consider local assembly (CKD) in the the launch of the Model Y, Tesla is finally stepping into the Indian market. Combining its global EV expertise with India's rising demand for clean mobility solutions, Tesla's arrival marks a new chapter in the country's electric vehicle to Auto Today Magazine- Ends