Latest news with #Lotus
Auto Car
5 hours ago
- Automotive
- Auto Car
WATCH: Lotus Evija review
Close This is the Lotus Evija and in the near 100 years that Autocar has been fixing timing gear to cars to see how fast they'll go, no car has ever accelerated as quickly as this. Lotus's £2m, 2013bhp electric hypercar is astonishingly fast. Unlike most EVs, which accelerate quickly from rest and then run out of puff, once the Evija gets going, it just keeps going. And going. How fast? It reaches 200mph almost ten seconds quicker than a Bugatti Veyron Super Sport. It takes less than half the time of a McLaren F1. Over a standing kilometre, where the incredibly rapid Lamborghini Revuelto will reach 186mph, the Evija reaches its top speed ... of 217mph. What does this acceleration look and feel like? And, once you get your head around the acceleration, just what is this hypercar like to drive? Join Matt Prior at Lotus's test track for the answers in our video by clicking above.
Yahoo
5 hours ago
- Automotive
- Yahoo
WATCH: Lotus Evija review Our fastest ever road test
This is the Lotus Evija and in the near 100 years that Autocar has been fixing timing gear to cars to see how fast they'll go, no car has ever accelerated as quickly as this. Lotus's £2m, 2013bhp electric hypercar is astonishingly fast. Unlike most EVs, which accelerate quickly from rest and then run out of puff, once the Evija gets going, it just keeps going. And going. How fast? It reaches 200mph almost ten seconds quicker than a Bugatti Veyron Super Sport. It takes less than half the time of a McLaren F1. Over a standing kilometre, where the incredibly rapid Lamborghini Revuelto will reach 186mph, the Evija reaches its top speed ... of 217mph. What does this acceleration look and feel like? And, once you get your head around the acceleration, just what is this hypercar like to drive? Join Matt Prior at Lotus's test track for the answers in our video by clicking above. ]]>
Yahoo
21 hours ago
- Automotive
- Yahoo
C4 Corvette ZR-1 Rescued After 20 Years in English Backyard, Brought Back to Life
⚡️ Read the full article on Motorious After sitting idle for two decades, a rare 1990 Corvette ZR-1 is revived in the UK, showcasing its Lotus-engineered power and historic legacy. In the latest episode of The Late Brake Show, host Jonny Smith uncovers a rare gem: a 1990 Corvette ZR-1 that spent 20 years gathering dust in an English backyard. This unique C4-generation Corvette, once the pinnacle of American sports car engineering, had been parked for decades by its owner, a Corvette enthusiast named Will, until two collectors decided to bring it back to life. Back in 1990, Chevrolet launched the Corvette ZR-1 as its most powerful sports car, designed to rival Ferraris and Porsches but at half the price. The ZR-1's secret weapon was its engine—a dual-overhead-cam, 32-valve, aluminum-block LT5, engineered by none other than Lotus. GM had purchased Lotus and tapped into their expertise for the ZR-1, outsourcing the LT5's design to the British engineering powerhouse. Due to Lotus's limited production capacity, manufacturing was handed over to Mercury Marine, an unlikely partner whose precise craftsmanship made the LT5 an exceptional engine. Early models packed 375 horsepower, while later ZR-1s pushed 405 hp, offering a driving experience unlike any Corvette before it. Beyond its engine, the ZR-1 was fitted with high-performance components like the Bilstein FX3 suspension, originally seen on the Porsche 959 and modified by the Lotus F1 team. Enhanced brakes and exclusive Goodyear Eagle tires made the ZR-1 a powerful and precise road machine. However, despite its prowess, this particular ZR-1 ended up in the backyard of a Corvette-loving English farmer. Life's responsibilities and lack of time relegated the car to a stationary display until its recent rescue. In the episode, Smith and the car's new owners work to revive the ZR-1, sharing stories with Will about its history and significance. This iconic American sports car, reborn in the English countryside, reminds us of the unique global collaboration behind its creation and the enduring appeal of the Corvette ZR-1. As it roars back to life, this classic car finds new appreciation, far from its original American home.
Mint
a day ago
- Business
- Mint
Backed by Bollywood stars and profit up 13x—should you bet on Lotus Developers's IPO?
Sri Lotus Developers and Realty Ltd, a Mumbai-based luxury real estate developer, is seeking to raise ₹792 crore through its initial public offering, which is scheduled to open on 30 July. But this isn't just another real estate IPO. Several factors make Lotus Developers's IPO stand out. What sets Lotus Developers apart from listed peers? Lotus Developers differentiates itself with its capital-light approach, avoiding the traditional land-acquisition model its peers follow. Instead, the company partners with housing societies and existing property owners through development agreements. This helps minimise upfront capital outlay, enabling the company to earn better returns. Also, Lotus focuses on greenfield projects and joint development projects. It finances its projects through pre-sales, in line with industry practices. The real differentiator is what it builds and for whom. What customer segment does Lotus Developers target? Lotus Developers targets high-net-worth individuals (HNIs) and ultra-HNIs—a fast-growing segment. It focuses on luxury homes priced above ₹3 crore and ultra-luxury offerings above ₹7 crore, catering to a demand category that has gained significant momentum. Property consultancy Anarock estimates that demand in the ₹2.5 crore-plus segment has grown fourfold, from 3% in 2021 to 12% in the first quarter of 2025-26. This trend is expected to continue as the number of HNIs in the country is projected to double from about 850,000 now to 1.65 million by 2027. What are Lotus Developers's key markets? The company's projects are concentrated in some of Mumbai's most premium markets. These include Andheri West, Juhu, Bandra West, and Prabhadevi, where it holds 13% market share in terms of supply and a 12% sales share in units priced above ₹7 crore. Lotus Developers also plans to expand to Mumbai's Nepean Sea Road and Ghatkopar areas. Does Lotus Developers enjoy pricing power? The company commands a premium of around 22% when compared with the average quoted price for similar real estate projects in Juhu. Strong brand recall, high build quality, timely project execution, and customer satisfaction contribute to the premium pricing. Lotus's projects also enjoy strong pre-launch demand—more than 50% of the saleable area is typically sold even before occupancy certificates are issued. This reflects both brand confidence and pricing power. The company also boasts a strong execution track record, completing projects 20 months ahead of schedule, on average. For a sector often plagued by delays, this early-delivery record stands out. Another differentiator is Lotus Developers's product customization. Each project is tailored to specific buyer preferences rather than identical units. For instance, its commercial project, Signature, includes private theatres and banquet lounges. Residential projects Ananya and Ayana include rooftop amenities. This contributes to a strong price appreciation from the time of starting a project to its completion. The Signature project's price appreciated by 232%, while prices at Ananya and Ayana increased by 24% and 84%, respectively. How strong is Lotus's project pipeline? As of June, Lotus had completed four projects comprising 334 units, with a developable area of about 931,448 square feet and saleable area of about 378,396 Redevelopment contributed 54%, while greenfield projects made up the remaining 46%. Of the 334 completed units, 255 were commercial and 79 were residential. Lotus has not completed any Joint development project yet. Of the 334 completed units, 255 were commercial and 79 were residential. Lotus has not completed any Joint development project yet. A sizable portion of Lotus's saleable area and units remains unsold, offering near-term visibility for revenue recognition. Additionally, Lotus has a strong pipeline of ongoing and upcoming projects. The company is now focusing more on residential projects to diversify its revenue mix. Lotus has five ongoing residential projects comprising 167 units and about 295,586 of saleable area. Of this, 115 units are scheduled for completion in FY27, and the rest in FY28. This phased timeline provides steady visibility for revenue recognition over the medium term. Lotus Developers also has upcoming projects totaling 4.9 million in developable area—over 6x its current developable area—slated for phased completion during FY28-30. If demand in the luxury and ultra-luxury segment holds up, this pipeline could be a strong revenue driver over the medium term. How is Lotus Developers's revenue split across segments? Lotus currently generates revenue from five active projects. While redevelopment accounts for the majority of its developable area, greenfield projects drive most of its topline. The company's flagship greenfield commercial project, Signature, which received a completion certificate in 2023, accounted for 62% of its revenue in FY25, up from 32% in FY23. The commercial segment contributed 81% of Lotus's FY25 revenue of ₹550 crore. Luxury housing made up 6% of FY25 revenue, while ultra-luxury residences contributed 7%—lower than 51% and 18%, respectively, in FY23. This sharp skew toward commercial revenue has made Lotus's current revenue concentrated. However, this is expected to diversify in the coming years as more residential projects move toward completion. How has Lotus performed financially? Lotus's revenue has grown more than threefold in two years, from ₹167 crore in FY23 to ₹550 crore in FY25. Net profit rose faster, jumping 13x to ₹227 crore from ₹17 crore. The sharp revenue increase has driven a strong operating leverage benefit, with its ebitda margin expanding from 13% in FY23 to 53% in FY25. This is significantly higher than Arkade Developers Ltd's 30% ebitda margin and Suraj Estate Developers Ltd's 37%. Lotus's improving margin profile and profitability have translated into strong return ratios. Return on equity (RoE) stands at 24% and return on capital employed (RoCE) at 27%—higher than Arkade's RoE and RoCE of 18% and 20%, respectively, and Suraj's 11% and 15%. Moreover, as Lotus's sales ramped up, its cash and cash equivalents grew nearly fivefold, from ₹72 crore in FY23 to ₹348 crore in FY25, helping the company improve its balance sheet significantly. Lotus's debt-to-equity ratio is now down to 0.13, from a high of 6.9 in FY23. Lotus's trade receivables, however, have grown sixfold, from 6% in FY23 to 37% in FY25. Thus, any prolonged delay or inability to recover these receivables could reduce profits and impact cash flows. Higher geographical concentration in Mumbai also poses a risk. Can Lotus justify its premium and sustain growth? At a price-to-earnings multiple of 33x, Lotus is asking for a significant valuation premium over peers like Arkade (23x) and Suraj (15x). Even after factoring in a premium for its strong margins, superior return ratios, and industry-leading growth, Lotus's valuation appears stretched. The valuation may still be justified provided Lotus sustains its current growth momentum. That said, residential real estate demand is showing signs of a slowdown. Lotus's higher exposure to commercial projects, which remains more stable, offers some cushion. The company's ability to scale up its upcoming projects, which are quite large in size, will be crucial in sustaining growth. The bigger question is, can Lotus maintain its growth momentum from a larger base? Madhvendra has over seven years of experience in equity markets and writes detailed research articles on listed Indian companies, sectoral trends, and macroeconomic developments. The writer does not hold the stocks discussed in this article. The purpose of this article is only to share interesting charts, data points, and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educational purposes only.
Malay Mail
6 days ago
- Business
- Malay Mail
Being thankful has multiplier effect — Hafiz Hassan
JULY 25 — I took A-Level Economics 40 years ago. A topic that has stayed with me since then is the 'multiplier effect'. What is the multiplier effect in economics? The multiplier is the number of times larger the change in income is, compared to the change in net injections that caused it. The multiplier effect states that an initial injection of spending or investment (usually by the government) leads to increased consumption spending and so results in an increase in national income greater than the initial amount of spending. For example, if the government spends a one-off cash aid of RM100 for all Malaysians aged 18 and above, to be used to purchase necessities from over 4,100 outlets including hypermarkets such as Mydin, Lotus, Econsave, and 99 Speedmart, the multiplier effect works by creating a cycle of spending and income. When the cash aid is spent, it creates income for others. The cycle continues as the income generated from the initial spending is spent and re-spent throughout the economy, leading to a larger increase in output than the initial spending alone. The cash aid is one of two main types of multipliers in economics—that is, government spending multipliers. Government spending multipliers refer to the impact of changes in government spending on overall output. The multiplier effect can be a key driver of economic growth, as it can lead to increases in overall output, employment, and incomes. The size of the multiplier effect depends on a variety of factors, and its impact on economic growth will vary depending on the specific circumstances. But I did not pursue economics at tertiary level and I am not an economist. My two-cent is that the cash aid comes with the multiplier effect. Being thankful has the multiplier effect as well. The Quran says: 'And remember when your Lord proclaimed, 'If you are grateful, I will certainly give you more. But if you are ungrateful, surely My punishment is severe.' (Surah Ibrahim, verse 7). **This is the personal opinion of the writer or publication and does not necessarily represent the views of Malay Mail.
