Sheth Realty sets Rs 30 billion target for FY26 launches
Mumbai-based Sheth Realty is targeting a topline of over Rs 30 billion in the financial year 2025-2026, driven by planned launches in Borivali, Dombivli, Versova, and Mulund. The announcement follows the success of its debut project, Promont, located near the Sion-BKC Connector, which recorded sales worth Rs 4 billion within nine months of its launch. The company reported that 50 per cent of the project inventory was sold during just 20 per cent of its overall project lifecycle.In January 2025, Sheth Realty and Aakshya Realty secured Rs 1.5 billion in funding from IndusInd Bank to ensure the s..
Delhi to Add 2,080 E-Buses, Retire 1,000 Ageing Vehicles in 2025
The Delhi Transport Department will induct 2,080 electric buses into its fleet during 2025 while phasing out 1,000 ageing vehicles to modernise the city’s public transport system. The first phase involves the introduction of 1,040 electric buses under the National Electric Bus Programme (NEBP), a Central scheme aimed at boosting zero-emission public transit. The remaining 1,040 will be added under the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, which targets 14,000 electric buses across nine major cities. Officials stated that memoranda o..
Montra Electric to Supply 100 eSCVs to Magenta Mobility
Murugappa Group’s electric vehicle (EV) brand Montra Electric has signed an initial agreement with Magenta Mobility for the supply of 100 electric small commercial vehicles (eSCVs) to support logistics operations across sectors such as fast-moving consumer goods (FMCG), grocery, e-commerce, and telecommunications. The vehicles will be supplied through Tivolt Electric Vehicles Private Limited, Montra’s eSCV arm. The agreement includes not only the supply of vehicles but also tailored service and charging solutions designed to enhance operational uptime and profitability. Montra Electric s..
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