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Extend warranty for revival of BluSmart EVs: Buyers to OEMs

May 27, 2025

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Financial Express Pune

AS BLUSMART'S FLEET of electric vehicles lies idle and is deteriorating, multiple lessors and potential acquirers are approaching original equipment manufacturers (OEMs) such as Tata Motors to extend warranty coverage, an essential step if the beleaguered cab company's stranded EVs are to be revived and put back into service.

- ANEES HUSSAIN & NITIN KUMAR

Industry sources said that Tata Motors supplied an estimated 60-70% of BluSmart's 8,700-strong fleet through its e-Tigor and Xpres-T models. However, talks around extending warranty from the current 120,000 kilometers to as much as 170,000 kilometers are still in early stages. The discussions are complex, involving not only payment negotiations but also uncertainty over who would ultimately shoulder the cost.

المزيد من القصص من Financial Express Pune

Financial Express Pune

Poor Q4 pulls down Urban Company shares 10%

SHARES OF HOME services platform Urban Company slumped nearly 10% on Monday after the company posted bigger-than-expected losses in Q4, deepening analysts’ concerns around the heavy investments in its loss-making quick services business Insta Help.

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1 min

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Financial Express Pune

Govt maintains 60-day fuel buffer, allays rationing fears

INDIA HAS MAINTAINED nearly 60 days of crude oil and petroleum product stocks along with over one-and-a-half months of LPG reserves amid prolonged disruptions caused by the West Asia conflict, while simultaneously fast-tracking the ambitious Samudra Manthan deep-sea exploration programme to strengthen long-term energy security.

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Financial Express Pune

Starmer vows to be bolder to try to rescue his job

PRIME MINISTER KEIR

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1 min

May 12, 2026

Financial Express Pune

Fertiliser subsidy may shoot up by ₹15K cr a month

IF GLOBAL PRICES remain at the current level, the requirement for fertiliser subsidy would jump by ₹10,000-15,000 crore a month, the fertiliser ministry has estimated and conveyed to the finance ministry.

time to read

2 mins

May 12, 2026

Financial Express Pune

Vaishnaw’s 48-minute..

“BULLET TRAINS WILL wipe out short-haul flights,” Vaishnaw said, citing Japan and China where high-speed rail networks significantly eroded domestic aviation demand on shorter sectors.

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1 min

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Financial Express Pune

SoftBank plans to invest up to $100 bn in France

SOFTBANK GROUP FOUNDER Masayoshi

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1 mins

May 12, 2026

Financial Express Pune

IT employee union NITES seeks WFH to conserve fuel

INDIA'S IT EMPLOYEE welfare body, the Nascent Information Technology Employees Senate (NITES), on Monday urged the Ministry of Labour and Employment to issue an advisory mandating work from home (WFH) for IT and IT-enabled services companies.

time to read

1 min

May 12, 2026

Financial Express Pune

OMCs face ₹2L-cr under-recoveries in Q1, says Puri

HOURS AFTER PRIME Minister Narendra

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2 mins

May 12, 2026

Financial Express Pune

Youth unemployment rises 15% in Jan-Mar, highest in 4 quarters

UNEMPLOYMENT AMONG YOUTH rose to a four-quarter high of 15% in the January-March quarter, up from 14.3% in October-December, according to the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI).

time to read

1 min

May 12, 2026

Financial Express Pune

India Inc bets on the future

We must build our own Al infra: Adani

time to read

1 mins

May 12, 2026

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