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Allcargo Logistics, post approval of the organisation's restructuring plan, housing its domestic supply chain business; express distribution and consultative logistics, has announced a significant transformation of its domestic distribution network with the launch of Allcargo Extended Reach (AER), an upgraded and rebranded version of its earlier Extra Serviceable Stations (ESS). The initiative marks a major step in strengthening nationwide accessibility, enhancing service reliability, and deepening the company's presence across emerging and underserved markets.
AER marks a major milestone in Allcargo Logistics' ambition to deliver faster, more reliable, and more geographically comprehensive logistics services across the country. With this initiative, Allcargo Logistics now covers 100% of available PIN codes in India, expanding its network from 21,000 to more than 32,000 mapped PIN codes. This number is due to the company's extensive mapping of locations, which represent granular service clusters within each GOI - PIN code. The company has also doubled its direct serviceable PIN codes from 4,900 to over 10,000, served directly through Allcargo Distribution Centres, driven by a broader location mapping a move that directly enhances speed, reliability, and operational efficiency.
Ather Energy today confirmed its plans to enter the auto insurance services space by incorporating a wholly owned subsidiary that will operate as a Corporate Agent. In an effort to make the ownership experience more seamless, the new entity will focus on offering auto insurance policies, in partnership with multiple insurers, for its customers across the country.
The move will enable Ather to streamline its insurance offerings, enhance customer experience, and generate a recurring revenue stream by leveraging its existing user base. Through this platform, Ather intends to work with multiple insurance partners. By taking distribution in-house, Ather will also be able to innovate around EV-specific insurance products, simplify renewals, and potentially improve attach rates over time.
Speaking on the announcement, Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said, “We have always believed that a good ownership experience goes beyond the vehicle itself. Insurance is a critical part of that journey today, and it's an area where the experience can be made significantly simpler and more predictable for customers. By bringing insurance distribution closer to the Ather ecosystem, we can make it simpler, more transparent, and better aligned with how our customers actually use their vehicles. Over time, this also gives us the ability to work with partners to design auto insurance products that reflect real EV usage, rather than adapting legacy frameworks. This is a measured but deliberate step, focused on strengthening the ownership experience while building a capability that complements our core offering and scales with the business.”
The board of Centum Electronics at its meeting held on 19 December 2025 has approved the discontinuation of operations of Centum E&S (Centum Équipements ET Systémes) and Centum T&S (Centum Technologies ET Solutions), the Company's fourth-level subsidiary entities in Canada.
The closure of operations is expected to be completed before 31 March 2026.
The Canadian businesses have been consistently loss-making, accumulating losses over the past several years.
The proposed vessel will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.
The Company's current owned fleet stands at 40 vessels, comprising 26 tankers (6 Crude Carriers, 16 Product Tankers, 4 LPG carriers) and 14 Dry Bulk Carriers aggregating 3.32 Mn dwt. The Company's current capacity utilization is close to 100%.