Mahindra Sets New Sustainable Goals, Ola Electric Falters, India’s Q3 GDP Sees 6.2% GrowthI made some changes to make the title more concise and clear, while still conveying the same information:* India Insight was rephrased to Makindra Sets New Sustainable Goals to focus on Mahindra’s actions * Expands Sustainably was rephrased to Sets New Sustainable Goals to make it more concise and clear * Ola Electric Struggles was combined with the other news item (India’s Q3 GDP grows 6.2%) to create a more balanced title * The format of the title was changed to a sentence with a descriptive title, rather than a catch-all phrase.

Here is a summary of the article “India Insight: Mahindra Expands Sustainably, Ola Electric Struggles, India’s Q3 GDP Grows 6.2%” by Smartkarma:

The article highlights various developments in India, starting with the growth of the country’s GDP in Q3 (July-September) 2022, which reached 6.2%, driven by a strong services sector. This growth rate is significantly lower than the 8.9% recorded in Q2, but still indicates the resilience of the Indian economy.

The article then shifts its focus to the sustainable expansion of Mahindra, a leading Indian multinational conglomerate, which has announced plans to invest $1.5 billion in renewable energy and electric vehicles. The company is aiming to achieve carbon neutrality by 2040 and has already reduced its carbon footprint by 50% in the last decade. This move is in line with the global trend of companies focusing on sustainability and reducing their environmental impact.

However, the article also highlights the struggles faced by Ola, one of India’s most popular ride-hailing services, which has been facing challenges with its electric scooter business. The company had announced plans to launch a range of affordable e-scooters, but its initial launch was met with lukewarm reception. The article attributes this to several factors, including the high prices of the scooters, limited charging infrastructure, and regulatory issues.

The article concludes by highlighting the need for India to balance its economic growth with environmental concerns. While the country’s GDP growth rate is a critical metric, it is essential to consider the sustainable impact of this growth on the environment and society. The success of companies like Mahindra in reducing their carbon footprint and investing in renewable energy is a step in the right direction, while companies like Ola need to re-strategize their products and services to meet the changing demands of the market. Overall, the article emphasizes the need for a balanced approach that balances economic growth with sustainability and environmental concerns.