L&T's Infrastructure Momentum Poised for Record Extension to 2024

L&T optimistic about Hyderabad Metro ridership post IT Sector return

Larsen & Toubro (L&T) is optimistic about an increase in ridership on the Hyderabad Metro once employees from the Information Technology (IT) sector return to their offices. The company anticipates that the resumption of regular office operations will lead to a surge in metro commuters, boosting the system's ridership and revenue.

The Hyderabad Metro, operated by L&T, has witnessed a decline in ridership during the COVID-19 pandemic, primarily due to remote work arrangements and reduced office occupancy. With many IT companies transitioning to remote work policies and implementing flexi..

India's L&T Forecasts Lower Revenue Growth

India's prominent engineering and construction conglomerate, Larsen & Toubro (L&T), has recently forecasted a tempered revenue growth trajectory and order inflow for the fiscal year 2025. This projection comes amidst a complex economic landscape both domestically and globally.

L&T, often seen as a bellwether for India's infrastructure and construction sector, anticipates challenges in sustaining its growth momentum. The company, with its diverse portfolio spanning infrastructure, power, hydrocarbon, and heavy engineering sectors, plays a significant role in the nation's development lan..

L&T Mulls Exiting Hyderabad Metro

Larsen & Toubro (L&T) is contemplating the possibility of exiting the Hyderabad Metro project as the business suffers from the adverse effects of free bus rides offered by the state government. The company is evaluating its options amid financial challenges caused by reduced metro ridership due to the availability of free bus transportation.

The decision to potentially exit the Hyderabad Metro project comes as a result of declining revenues and profitability, attributed to the state government's initiative of providing free bus rides to commuters. This move has led to a significant decr..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..