Ola Electric sees Q1 revenue halve
BENGALURU: Ola Electric's revenue declined 49.6 per cent, falling to Rs 828 crore in the June quarter from Rs 1,644 crore a year ago. On a sequential basis, revenue increased nearly 36 per cent.
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Hindustan Times
12 minutes ago
- Hindustan Times
Komaki Electric launches Ranger Pro and Pro+, priced from ₹1.29 lakh
₹1.29 lakh data-item-target-url=/auto/electric-vehicles/ data-item-story-segment=Electric> The Komaki Ranger Pro and the Komaki Ranger Pro+ have been launched starting at ₹1.29 lakh (ex-showroom). Check Offers Komaki Electric Vehicles has announced the launch of its new electric cruiser motorcycles, Ranger Pro and Pro+, aiming to provide long-distance riding capability combined with classic styling and advanced ergonomics. The Ranger Pro is priced at ₹ 1,29,999, while the Ranger Pro+ is available for ₹ 1,39,999. Both prices include accessories worth ₹ 12,500. With this launch, Komaki Electric expands its offering in India's growing EV motorcycle segment, targeting buyers who want electric alternatives that offer a cruiser bike aesthetic with practicality. Komaki Ranger Pro and Pro+: Range and performance The two models come equipped with a 4.2 kW Lipo4 battery. The Ranger Pro offers a claimed range of 160–220 km on a single charge, while the Pro+ covers 180–240 km. Both variants feature a 5 kW high-torque motor capable of accelerating from 0 to top speed in just five seconds. According to the company, this makes them suitable for highway cruising as well as urban riding. Also Read : Komaki Ranger electric motorcycle gets an update, promises up to 250 km range Komaki Ranger Pro and Pro+: Comfort and safety features In terms of ride comfort and safety, both models include telescopic suspension, dual disc brakes, comfortable seats with backrests, and a rear tail lamp guard. A full-colour digital dashboard, cruise control, reverse assist, Bluetooth sound system, and mobile charging unit also come standard. Also Read : Komaki X3 electric scooter launched promising up to ₹ 100 km range, price starts at ₹ 52,999 Komaki Ranger Pro and Pro+: Convenience Additional utility features such as a 50-litre storage compartment, park assist, auto repair switch, turbo mode, and rear protection guard have been incorporated to enhance everyday usability. These elements reflect Komaki's focus on both rider convenience and safety. Speaking at the launch event, Gunjan Malhotra, Co-founder of Komaki Electric Vehicles, said, 'With Komaki always at the forefront of innovating in terms of promoting eco-friendly and sustainable mobility, we are committed to making the ride comfortable for customers. Our all-new Ranger PRO and PRO+ have been introduced in the market to provide added mileage and ensure a smooth, safe, hassle-free ride through cutting-edge features and technology." Check out Upcoming EV Bikes in India. First Published Date: 15 Jul 2025, 18:29 pm IST
India.com
17 minutes ago
- India.com
Centre Unveils Rs 1,000 Cr Scheme To Help MSMEs Upgrade To Energy-Efficient Tech
New Delhi: The Centre on Tuesday launched a new Rs 1,000 crore scheme to enable micro, small and medium enterprises (MSMEs) upgrade to energy-efficient technologies through comprehensive financial and technical support. The Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) was officially launched by Power Minister Manohar Lal in Panipat, Haryana, according to a ministry statement. 'ADEETIE is a transformative movement to empower Indian industries, especially MSMEs, to become globally competitive through sustainability. With the right mix of incentives and support mechanisms, we are catalysing investments in cleaner, more efficient technologies,' said the minister. The ADEETIE scheme is being implemented by the Bureau of Energy Efficiency (BEE). The scheme covers 14 energy-intensive sectors. It will follow a phased roll-out, beginning with 60 industrial clusters in the first phase, followed by an additional 100 clusters in the second phase. The scheme will be implemented over three years, spanning FY 2025-26 to FY 2027-28, allowing for progressive deployment, course correction, and scaling based on early outcomes. The total outlay of Rs 1,000 crore comprises Rs 875 crore for interest subvention, Rs 50 crore for Investment Grade Energy Audit support and Rs 75 crore for handholding support through BEE. The scheme is expected to catalyse Rs 9,000 crore in investments, including Rs 6,750 crore of MSME lending. The scheme envisages to provide interest subvention of 5 per cent for micro and small enterprises, and 3 per cent for medium enterprises on loans, ensuring accessibility and affordability for MSMEs seeking financial aid for energy efficiency (EE) projects. In his address, Manohar Lal emphasised the importance of power in driving economic growth, aligned with the vision of Viksit Bharat, highlighting the role of renewables, energy efficiency, and environmental conservation, especially in the MSME sector. The minister noted various technologies featured in the ADEETIE scheme can help MSMEs reduce energy consumption by 30–50 per cent, improve the power-to-product ratio, and support the creation of green energy corridors. He also underscored the significance of industrial energy efficiency in reducing India's carbon footprint and achieving its international climate commitments. Pankaj Agarwal, Secretary, Ministry of Power, highlighted the pivotal role of BEE in scaling up energy efficiency projects and mainstreaming them across India's industrial ecosystem. He highlighted the scheme's focus on widespread adoption across 14 energy-intensive sectors and 60 identified clusters in the initial phase. Agarwal also stressed the need for a supportive policy and financing framework to empower MSMEs as key drivers of climate action.
Time of India
19 minutes ago
- Time of India
HDFC Life sees growth outpacing industry despite early-year slowdown
HDFC Life Insurance expects to continue to grow faster amid the expected slowdown in the life insurance industry in the first half (April-September) of this fiscal year. 'I think our view still remains that the industry will be slightly slow for the first half (H1), but we do expect that we will continue to outperform the industry,' said Vineet Arora, Executive Director & Chief Business Officer in a post earnings call with analysts. In the June quarter, the total annualized premium equivalent (APE), a metric of sales growth, rose 12.5% year-on-year to Rs 3,225 crore. This translates into a two-year CAGR of 21%, nearly double of 11% for the industry. According to CareEdge Ratings, the industry slowdown is attributed to the impact of the revised surrender value regulations, which came into effect October 2024, and muted consumer demand. HDFC Life management expects growth to pick up in the second half (October-March) or H2 of the current financial year. 'One is the base effect of last year when the growth in H2 was slower than the growth in H1, so mathematically it should look better. Second, as the fundamentals of the economy move, I think that would be something that we will also have to discover along the way. But so far, we believe that, you know, H2 should be better than H1,' Arora said. Live Events The company's value of new business (VNB) margin stood at 25.1% in April-June, a slight uptick from the previous year of 25%. The management has guided to maintain margins through the year, balancing short-term dynamics with its long-term agenda of sustainable and profitable growth. Niraj Shah, Executive Director & Chief Financial Officer, said that margins are expected to be range-bound this year given that overall growth is expected to be soft. 'Last year, we were talking about 18-20% kind of growth. This year is likely to be lower than that. So, the fixed cost absorption as such, while it will even out through the year, it will still be slightly lower than last year.' He added that there is scope for margin expansion from a three to five years perspective.
