India’s top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi’s drive … Read more
Tata Motors launched its much-awaited Punch EV, a compact SUV, on January 17. The certified driving ranges of the vehicle are 315 km and 421 km across two configurations, Tata Motors said. It can seat five passengers. The new EV has 190 mm ground clearance, which is comparatively higher than other products in its class, … Read more
Indian automobile industry will have the highest contribution to the country’s rise as the third largest economy, Heavy Industries Minister Mahendra Nath Pandey said Tuesday. Speaking at the auto Production Linked Incentive (PLI) conclave in New Delhi, he said, “India is today the fifth largest economy in the world and soon India will be the … Read more
Leading automobile maker Maruti Suzuki on Tuesday announced a price hike across models to the tune of 0.45 per cent citing increased cost pressure driven by overall inflation and increased commodity prices. The price hike will be effective from January 16, 2024. “An estimated weighted average of increase across models stands at around 0.45%. This … Read more
Maruti Suzuki, Hyundai Motor, Tata Motors and Renault India posted the highest-ever share of sales from rural markets in calendar year 2023 amid improved consumer sentiments and better liquidity among the rural rich. However, inflationary pressures weighed on rural demand for fast-moving consumer goods and consumer durables. While the share of rural sales at Maruti … Read more
Maruti Suzuki, Hyundai Motor, Tata Motors and Renault India posted the highest-ever share of sales from rural markets in calendar year 2023 amid improved consumer sentiments and better liquidity among the rural rich. However, inflationary pressures weighed on rural demand for fast-moving consumer goods and consumer durables. While the share of rural sales at Maruti … Read more
Tata Motors on Friday said it has commenced production at its new production facility at Sanand in Gujarat. Tata Passenger Electric Mobility Ltd, a unit of Tata Motors, had acquired the facility from Ford India for Rs 725.7 crore in January last year. “We have successfully retooled the factory in the shortest span of 12 … Read more
Biogas is the most viable fuel for small cars in India given the abundant availability of the bio waste in the country, RC Bhargava, chairman, Maruti Suzuki India, said. According to him, battery-powered vehicles at present have many limitations for users of small cars, including price and charging facilities, and are more suitable for those … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on Tata Motors, and Jefferies maintained a buy rating on Nippon AMC and HDFC AMC. Jefferies upgrades Mindspace REIT to a buy rating from hold earlier. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on Tata Motors: Overweight| … Read more
Jaguar Land Rover (JLR), Tata Motor’s luxury arm, on Monday reported a 27 per cent rise in total wholesales at 1,01,043 units for the third quarter ending on December 31, 2023, as compared to the year-ago period. The official statement of the auto giant has shown that JLR has delivered the highest wholesales in 11 … Read more
