Brands
Hyundai Motor India installs Chennai’s first 180 kW DC fast charging station
Mumbai: Hyundai Motor India Ltd (HMIL) announced the inauguration of its first 180 kW DC fast public electric-powered vehicles (EV) charging station in Chennai, Tamil Nadu, comprising of 150 kW & 30 kW connectors. As part of HMIL’s commitment to Tamil Nadu, it is the only fast public EV charging station currently installed in Chennai and is a first of HMIL’s target of installing a total of 100 fast public EV charging stations at key highways and cities across Tamil Nadu.
Commenting on the installation of first fast charging station in Chennai, HMIL executive director – corporate planning Jae Wan Ryu said, “Tamil Nadu is home for Hyundai Motor India Ltd, and we have been committed to Tamil Nadu since our inception. As we celebrate 28 years of HMIL in India, we are delighted to inaugurate our first-ever 180 kW fast public charging station in Chennai. In line with Hyundai’s vision of ‘Progress for Humanity’, we aim to enhance convenience of all EV users, and hence our charging stations can be utilized by any four-wheeler EV user. HMIL envisages to install 100 charging stations across Tamil Nadu, to enhance the EV ecosystem and motivate more customers towards EV adoption across the state.”
All EV customers stand to benefit from a quick charging experience with HMIL’s public 180 kW DC fast charging station. EV owners can access the charging facility on HMIL’s own charger management system in the myHyundai App, for easy location, navigation and pre-booking of charging slots, making digital payments and remote charging status monitoring. In addition to the fast public charging station, more than 170 of the charging points currently available in Tamil Nadu are mapped in the “EV Charge” section of myHyundai app for customer convenience. This app is open and accessible to all Hyundai as well as non-Hyundai EV users.
The charging station has been strategically installed in the heart of Chennai and is located at the Spencer Plaza Mall, Anna Salai, Thousand Lights – Chennai, Tamil Nadu. The charging station is installed in close vicinity to customer amenities like coffee shops, restaurants and shopping avenues, to further induce customer delight while charging their electric vehicles.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
