- Suzuki Motor Corp (OTC:SZKMF) India unit, Maruti Suzuki India Ltd, is planning to launch its first electric car in 2025.
- The mid-sized electric sports utility vehicle, named, eVX (Emotional Versatile Cruiser) will be produced in the state of Gujarat, Bloomberg reported.
- The move is considered India’s biggest automaker’s attempt to recover the ceded ground to rival South Korea’s Hyundai Motor Co. (OTC:HYMTF).
- “Given the power supply situation, electric vehicles alone can’t be the solution in India,” the report cited Suzuki Motor President Toshihiro Suzuki.
- The company has lagged behind local brands, including Tata Motors Ltd and Mahindra & Mahindra Ltd, in launching electic vehicles.
- Price Action: HYMTF shares closed at $31.55 on Tuesday.
Tempur Sealy Intl Q3 Adj. EPS $0.88 Beats $0.84 Estimate, Sales $1.36B Beat $1.34B Estimate
Tempur Sealy Intl (NYSE:TPX) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.84 by 4.76 percent. This is a 18.92 percent increase over earnings of $0.74 per share from the
