Adani Ports acquires major European storage operator Evos for 2.56 billion euros

EKA Mobility, a company specializing in electric vehicle development, has opened six new manufacturing facilities in the states of Maharashtra and Madhya Pradesh. The goal of this move is to increase the production of electric buses, trucks, and smaller commercial vehicles amid the growth of fleet electrification in India.

These six plants, located in Pune and Pitampure, are part of an overall network of 11 facilities spanning 120 acres. The total annual production capacity of these sites exceeds 40,000 electric vehicles, with investments estimated at over 3,500 crore rupees. The production sites cover vehicle assembly, engineering work, battery casings, seating, and interior finishing.

EKA reports a year-on-year growth of 1243% for the first half of the financial year 27. Furthermore, the company claims to have over 11,000 buses on order.

Founder and Chairman Sudhir Mehta emphasized the critical importance of making products affordable and accessible. He stated that his vision would not be realized until the company achieves this goal, as technological advancements are meaningless if they do not reach the people who use them daily.

Nevertheless, competition in the market is intensifying. According to VAHAN data, between January and June 2026, 2,944 electric buses were registered in India, representing a 40% increase compared to the previous year. Market leaders include Switch Mobility with 830 registrations, followed by JBM Auto with 635 and PMI Electro Mobility with 574. Pinnacle Mobility Solutions, EKA's parent company, registered 171 units, accounting for 5.8% of the market.

Parallel to this, government policy actively supports this expansion. The PM E-DRIVE scheme, whose funding was increased to 11,900 crore rupees in August 2026, allocates 4,391 crore rupees for 14,028 electric buses and 500 crore rupees for 5,643 electric trucks. This scheme has been extended for most segments until March 2028.

A separate program, PM-eBus Sewa payment-security, aids in deploying over 38,000 buses by resolving issues related to payment delays for operators. Additionally, a production-linked incentive program worth 25,938 crore rupees aims to strengthen domestic production of advanced automotive technologies.

Indian Hotels Company Limited (IHCL) and Adani Airport Holdings Limited (AAHL) announced on Thursday the signing of a multi-hotel operating agreement covering eight hotels offering more than 2000 rooms. These properties will be located in Mumbai, Ahmedabad, Lucknow, and Guwahati.

The hotels will operate under IHCL brands: Taj, Vivanta, Gateway, and Ginger. Among them are planned three Taj hotels, two Vivanta hotels, one Gateway hotel, and two Ginger hotels, catering to luxury, upscale, and mid-range hospitality segments.

Under the terms of the partnership, AAHL will handle the development of the hotels, while IHCL will manage them as part of its multi-brand hospitality portfolio in key aviation hubs. According to informed sources, construction of hotels in Mumbai, Lucknow, and Ahmedabad has already begun, and most properties are expected to be operational within three to four years.

Puneet Chhatwal, Managing Director and CEO of IHCL, noted that as India's aviation market expands, airport-oriented properties are developing as important commercial and hospitality centers. He added that this collaboration will strengthen IHCL's leading multi-brand presence at key Indian airports, increasing the company's total number of hotels at these airports to 25.

AAHL formed Adani Airport City Limited to create a land bank of over 655 acres across six airports in five locations, including Mumbai, Ahmedabad, Lucknow, Jaipur, and Guwahati. In the initial phase, the company plans to invest over 20,000 crore rupees to develop approximately 22 million square feet in these locations, including Navi Mumbai.

Jit Adani, Director of Adani Airport Holdings Limited, emphasized that leading airports worldwide are transforming into integrated destinations that act as catalysts for trade, tourism, and urban growth. He also stated that together they aim to strengthen the hospitality ecosystem within their Airport City projects and contribute to the long-term economic development of the serviced regions.

Specific location plans include: a Taj hotel will be built at Terminal 2 of Mumbai Airport in Mumbai; Vivanta and Ginger hotels will appear in Lucknow; Ahmedabad will receive Taj and Vivanta hotels that are in advanced stages of construction; and Guwahati will host Taj, Gateway, and Ginger hotels.

Collectively, the eight properties will offer over 2000 rooms, along with accommodation, dining, meeting and event services, and wellness and recreational facilities. The partnership is expected to expand the hospitality infrastructure around these aviation gateways amid the strengthening role of airport areas due to passenger traffic, tourism, and business travel.

Adani Ports and Special Economic Zone (APSEZ) reported an 18 percent increase in consolidated net profit, reaching 3,682.44 crore rupees for the quarter ending in September 2026. This growth was driven by an increase in operating revenues.

As part of regulatory reporting, the company also indicated that the consolidated net profit was 3,120.20 crore rupees in the quarter ending September 30, 2025.

For the period from July to September 2026–2027, the company's total revenue increased to 11,609.77 crore rupees, compared to 10,004.06 crore rupees in the same quarter last year. Meanwhile, total expenses for the period under review rose to 7,252.7 crore rupees, up from 6,103.59 crore rupees in the quarter a year prior.