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Indiamart strikes gold again for its 2024-25 annual report
NEW DELHI: Indiamart has extended its winning run in the world of corporate reporting, picking up a fourth consecutive Gold at Lacp’s Global Communications Competition for its Integrated Annual Report 2024 to 2025. The report scored an impressive 98 out of 100 and secured the 32nd spot among the Top 100 Annual Reports Globally, placing Indiamart among the top five Indian performers.
The competition, run by the League of American Communications Professionals, drew around 1,500 entries from nearly a dozen countries and more than 300 organisations. A jury of communications specialists assessed submissions across six criteria that included first impression, narrative flow, visual design, creativity, clarity and relevance.
Indiamart’s continued success reflects its steady push for transparency and compelling storytelling in its annual disclosures, a combination that has consistently caught the eye of global evaluators.
Indiamart Intermesh chief financial officer Jitin Diwan, said the recognition reaffirmed the company’s focus on open and effective communication. He added that such honours encourage teams to keep setting the bar higher.
For Indiamart, the latest gold is yet another reminder that clear reporting can shine just as brightly as corporate performance.
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Hyundai and TVS Motor partner to develop electric three wheelers
Joint development pact targets last mile mobility with localisation push
MUMBAI: Three wheels, one big ambition and a charge towards the future. Hyundai Motor Company and TVS Motor Company have signed a joint development agreement to co-create electric three-wheelers (E3Ws), aiming to crack India’s complex last-mile mobility puzzle. The collaboration moves beyond concept talk into execution mode, building on the E3W prototype first showcased at the Bharat Mobility Global Expo 2025. The goal now is clear, design, develop and commercialise a purpose-built vehicle tailored to Indian roads, riders and realities.
Under the agreement, Hyundai will lead design and co-development, bringing its global R&D muscle and human-centric engineering approach to the table. TVS Motor, meanwhile, will anchor the product on its electric platform, leveraging deep three-wheeler expertise and local market insight. It will also handle manufacturing and sales in India, with an eye on exports down the line.
The timing is strategic. India remains the world’s largest three-wheeler market, where affordability, durability and adaptability often outweigh sheer innovation. The upcoming E3W aims to strike that balance combining advanced technology with practical features such as adaptive ground clearance for monsoon-hit roads, improved thermal management for tropical climates, and flexible interiors suited for passengers, cargo or emergency use.
A key pillar of the partnership is localisation. Major components will be sourced and manufactured within India, a move expected to strengthen the domestic supply chain, create jobs, lower costs and improve after-sales support.
The shift from prototype to production will involve rigorous testing, certification and refinement to meet regulatory standards and consumer expectations. Dedicated cross-functional teams from both companies are already in place to accelerate timelines.
At a broader level, the tie-up reflects a growing trend in mobility, global players partnering with local specialists to navigate emerging markets. For Hyundai and TVS, the bet is that combining scale with street-level insight could unlock a new chapter in sustainable urban transport, one that runs not just on electricity, but on relevance.
