Business

Locks and Architectural Solutions Targets ₹2,500 Crore Revenue by 2028

Published

1 year ago

March 11, 2025

Locks and Architectural Solutions, a division of the Godrej Enterprises Group, has set an ambitious goal of reaching ₹2,500 crore in revenue by 2028. This target is underpinned by ongoing investments in research and development, innovation, and state-of-the-art manufacturing techniques.

During a press conference in Panaji, Shyam Motwani, Business Head of Locks & Architectural Solutions at Godrej Enterprises Group, emphasized the company’s commitment to the Make in India initiative. He noted the favorable government policies, such as the introduction of BIS standards for locks, which are bolstering the company’s leadership in the home safety market.

Motwani highlighted that the company is reinforcing its reputation as India’s most trusted and preferred locks brand through advanced innovation and a growing digital product lineup.

“With changing safety requirements, digital locks are emerging as a significant growth driver, now accounting for 10% of our business. This segment has experienced a remarkable 45% year-on-year growth, driven by the increasing interest among younger consumers who value smart, connected, and aesthetically designed security solutions. Moreover, our e-commerce sales have doubled, reflecting our expanding presence in online and rapid commerce sectors,” he stated.

“Modern consumers prioritize convenience and accessibility, making e-commerce an essential part of our growth strategy. Our e-commerce division has seen a year-on-year doubling of sales, underscoring the demand for innovative and seamless security solutions,” Motwani added.

Business

Domestic LPG Cylinder Price Increased by Rs 29

Published

4 hours ago

June 7, 2026

Namma Kudla

New Delhi: The price of domestic LPG cooking gas cylinders has been increased by Rs 29 across India. This is the second price hike in the last three months.

The increase comes as global energy prices continue to rise due to the ongoing conflict in the Middle East.

After the revision, a domestic LPG cylinder now costs Rs 942 in Delhi, Rs 941.40 in Mumbai, Rs 968 in Kolkata, and Rs 957.50 in Chennai. In Bengaluru, the new price is Rs 944.50 per cylinder.

The government said the cost of supplying LPG has increased significantly. However, subsidies under the Pradhan Mantri Ujjwala Yojana continue to help over 10 crore beneficiaries.

Petrol, diesel, and CNG prices have also increased in recent weeks as global fuel markets remain volatile.

Business

Honda Begins Delivery of 2026 City Hybrid

Published

4 days ago

June 3, 2026

Namma Kudla

Business: Honda Cars India has started delivering the new 2026 Honda City Hybrid to customers. The first car was handed over at a dealership in Bengaluru.

Honda President and CEO Takashi Nakajima attended the special delivery event. Other senior company officials were also present.

The first customer received a Crystal Black Pearl Honda City Hybrid. The car was delivered with a symbolic key and a gift hamper.

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The updated City comes with new features such as ventilated front seats and a 360-degree camera. It also offers wireless Apple CarPlay, Android Auto, and a sunroof.

The sedan is available with petrol and strong-hybrid powertrain options. Honda claims the hybrid version delivers a mileage of 27.26 kmpl.

The Honda City competes with the Volkswagen Virtus, Skoda Slavia, and Hyundai Verna in India.