India recorded just 0.73 per cent annual growth in its auto retail sales in the month of June, owing to the delayed monsoon in certain parts of the country, the Federation of Automobile Dealers Associations (FADA) said on Friday. While the two wheeler (2W) and three-wheeler (3W) segments saw a positive year-on-year (YoY) growth of … Read more
New Delhi: The proposed demerger of existing automotive businesses into two listed entities will help in securing synergies across its PV and JLR verticals in areas of EVs and autonomous vehicles, Tata Motors Chairman N Chandrasekaran said on Monday. Speaking at the auto major’s 79th AGM, he noted that the initiative will lead each company … Read more
The board of Tata Motors on Monday approved demerging the operations of the company’s business into two separate entities, i.e., commercial vehicles and passenger vehicle business, a move aimed at delivering higher growths. All shareholders of Tata Motors would continue to hold the same identical shareholding in both the listed entities. “The demerger is a … Read more
Passenger vehicle (PV) makers are estimated to have taken a sharp correction in dispatches to dealers in December, indicating that sales in Asia’s third largest auto market are beginning to lose steam. Easing of demand post festivals that had pushed up inventory coupled with last year’s high base impact nudged automakers to cut dispatches. December … Read more
