Electric car sales in India fell to their lowest level in five months in February even as companies took steep price cuts, indicating it would take more than just a lower acquisition cost to nudge buyers to shift to EVs in India where automakers are committing billions of dollars for the switch to electric mobility. … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed negative with losses of 0.24% at 22538 levels on Thursday. India VIX was down by 4.77% from 14.30 to 13.61 levels. Positive setup was seen in stocks like Tata Chemicals, Tata Power, Tata Steel, OFSS, Glenmark, HAL, Tata … Read more
ET Intelligence Group: Popular Vehicles & Services, a car dealership chain with a presence in Kerala, Tamil Nadu, Karnataka and Maharashtra, is planning to raise up to ₹601 crore from an initial public offering. The amount includes a fresh issue of shares worth ₹250 crore, with the proceeds to be used for the repayment of … Read more
More women are taking the wheel of sport-utility vehicles, once considered the domain of men, contributing to the segment’s sales surge. The share of women SUV buyers has climbed 4.5 times from five years ago amid a growing preference for vehicles with high ground clearance and higher seating. It jumped from only 29,000 units in … Read more
Tata Motors’ Sanand Plant in Gujarat, India, celebrated a significant milestone, reaching the production landmark of 1 million cars. The plant, which was established around 14 years ago to manufacture small cars, has evolved into a key facility for producing electric vehicles (EVs) and factory-fitted compressed natural gas (CNG) cars. According to Shailesh Chandra, Managing … Read more
Tata Motors will be hiking the prices of its commercial vehicles from April 1, 2024 to offset the residual impact of past input costs, the company said in a stock exchange intimation on Thursday. The prices will be hiked by 2 per cent, it said. “While the price increase will vary as per individual model … Read more
Mumbai: Shares of Tata Motors gained 3.5% to an all-time high of ₹1,022 on Tuesday following the announcement of the demerger of its commercial and passenger vehicle divisions. Various analysts said upsides in the stock could be limited from the current levels after the 132% surge in the price in the past one year. Motilal … Read more
Not only is the count of women CXOs negligible (less than 3%) across India’s top 11 automobile companies, but their salaries are also 11% lower than male counterparts, according to a Deloitte study exclusively shared with ET. These 11 automakers command more than 85% market share in the passenger vehicle, commercial vehicle and two-wheeler segments, … Read more
Under Chairman N Chandrasekaran, Tata Sons has been planning consolidation by halving the number of listed companies to nearly 15 from 29 to focus on investing in fewer but bigger entities that can ably compete in the marketplace. He had told ET in an interview in 2017 that he also wanted to bring down the … Read more
Tata Motors has unveiled the Dark Edition of its popular Nexon EV. The carmaker has also annnounced the dark editions of Nexon, Harrier, and Safari facelift. These special editions have undergone cosmetic changes to sport a sleek and blacked-out appearance. The bookings for these vehicles will commence shortly, and interested buyers can make their bookings … Read more
