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The demerger seeks to establish five independent, globally scaled companies specializing in aluminium, iron ore, copper, oil and gas, and power generation. This restructuring aims to streamline operations, improve efficiency, and enable Vedantas management to focus on individual business segments. By optimizing asset utilization and capital allocation, the move is expected to enhance overall business performance and growth.
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The banking group has more than tripled the amount it is setting aside, knocking its profits for the year.
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The second advantage for incumbents, at least in India, is they have a long history of after sales for their existing vehicles and that has to translate to the EV as well.
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