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Maruti charges ahead with electric ambitions
NEW DELHI: The elephant in India’s automotive room is finally dancing. Maruti Suzuki, the lumbering giant that’s sold more cars to Indians than anyone else, has decided it’s time to go electric—and it’s doing so with the subtlety of a Hindi cinema production number.
On 2 December the company announced it had cosied up to 13 charging-point operators and aggregators, promising to transform India’s patchy EV infrastructure into something resembling a proper network. The ambition? Enable access to 100,000 public charging points by 2030. That’s a lot of juice.
For now, Maruti is rolling out 2,000 of its own charging stations across its dealer network, spanning more than 1,100 cities. Hisashi Takeuchi, the firm’s managing director and chief executive, called it a “historic step” into electric mobility. He’s not wrong—Maruti has been notoriously late to the EV party, watching rivals like Tata Motors gobble up market share whilst it dithered.
The company’s weapon of choice is the e Vitara, a made-in-India electric SUV that’s been tested from “sand to snow” across temperatures ranging from -30°C to 60°C. It promises a driving range of 543 kilometres on a full charge. Whether Indian roads will be quite so accommodating remains to be seen.
To prove the charging network isn’t vaporware, Maruti staged what it calls an “e drive”—four e Vitaras flagged off from Gurugram towards India’s four corners: Srinagar up north, Kanyakumari down south, Bhuj out west, and Dibrugarh in the east. It’s part publicity stunt, part stress test.
The centrepiece is an app called “e for me” (someone in marketing clearly had fun). It promises to locate charging points, handle payments through UPI or “Maruti Suzuki Money” (powered by Razorpay), and even let owners remotely manage their home chargers. One card does it all—”tap n charge” functionality that might actually work.
Senior executive officer for marketing and sales Partho Banerjee was positively buzzing. “Today is the dawn of a new era for electric mobility in India,” he declared. The company has trained 150,000 workers specifically for EVs and converted 1,500 service workshops across 1,100 cities to handle electric vehicles. In the top 100 cities, charging points will sit every 5-10 kilometres. DC fast chargers are being planted along major highways like motorway service stations.
Whether this charging offensive will be enough to convince India’s notoriously price-conscious buyers to go electric is the billion-rupee question. Maruti’s petrol-sipping hatchbacks have ruled Indian roads for decades precisely because they’re cheap to buy and run. EVs remain considerably pricier, even with government subsidies.
But Maruti clearly reckons the current is shifting. And when India’s car colossus finally plugs in, the entire market pays attention. Charge on.
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Octanom Tech names COO, family office head, opens Mumbai office
Leadership hires and new base signal push into family offices
MUMBAI: Octanom Tech has refreshed its leadership bench and planted a new flag in India’s financial capital, appointing Rajesh Vora as chief operating officer and Khushal Devera as head of family office, alongside the opening of its fourth office in Mumbai.
The twin appointments are part of the WealthTech firm’s broader play to scale nationwide and deepen its relationships with family offices, a segment that continues to grow in size and sophistication.
Octanom Tech and Hedged.in, MD and CEO, Rahul Ghose, said the new hires arrive at a pivotal moment. He noted that their experience would help the company quicken its growth pace while sharpening the value it delivers to clients across the country. He also described the Mumbai expansion as a strategic step in strengthening the firm’s presence in key markets.
Vora steps in with more than three decades of experience across capital markets. A gold medallist in MBA finance and an engineering graduate, he previously served as director and business head at Sharekhan.com India. In his new role, he will focus on operational efficiency, innovation and scalable growth, with an eye on keeping the firm’s client-first philosophy intact.
Devera, a CFP with a background in statistics and an MBA in finance, will lead the company’s family office division. With over 17 years of experience working alongside leadership teams at major financial institutions, he is expected to shape data-led, strategic solutions for high net worth families seeking structured and forward-looking wealth strategies.
With the new Mumbai office, Octanom Tech now operates from four locations across India, offering hedged-style, risk-conscious investment products for ultra high net worth individuals and families. The company was also named WealthTech of the Year in both 2024 and 2025, signalling growing industry recognition as it scales its ambitions.
