HONAUT.NSE

Honeywell Automation India Ltd.

Hero MotoCorp, India’s largest two-wheeler maker, has named Harshavardhan Chitale, who heads Dutch lighting maker Signify’s professional business, as CEO effective Jan. 5, 2026. Chitale will replace Vikram Kasbekar, who was named acting CEO after Niranjan Gupta resigned earlier this year. Kasbekar will continue as Chief Technology Officer, Hero said on Monday. Chitale’s appointment will accelerate the ‘Splendor’ motorcycle maker’s push into electric and emerging mobility, Chairman Pawan Munjal said in a press release. Max Healthcare, IndiGo parent to enter India’s Nifty 50 index after rejig, NSE says Chitale previously led Philips Lighting India through its spin-off into a standalone company. He has also held senior roles at HCL Infosystems and Honeywell Automation India. Hero MotoCorp shares were trading flat after the news.

The Smart Digital Kiosk project in Bhubaneswar, under the Smart City Mission, has failed with most kiosks defunct since 2019. Installed at key locations by Honeywell Automation India Ltd for Rs 8 crore, their neglect highlights execution flaws.

The Indian unit of U.S. conglomerate Honeywell International reported a 3.3% year-on-year rise in profit to 1.32 billion rupees ($15.1 million) for the October-to-December quarter. The company, which provides building automation solutions to industrial clients and designs emission-curbing products, had posted a 20.5% rise in profit in the same quarter a year earlier. Domestic capital goods companies have been hurt by sluggish infrastructure demand due to an economic slowdown, with manufacturing activity in December growing at its weakest pace in 2024.