NEW DELHI: Indian equity markets gained ground on Tuesday, with the BSE Sensex rising by 148.80 points, or 0.19%, at 79,644.95, while the Nifty50 advanced 69.05 points, or 0.29%, at 24,210.35. The upward trend followed a cautious start to the week on Monday when global cues, foreign institutional investor (FII) selling, and muted quarterly earnings…
Mukesh Ambani described Tata as “one of India’s most illustrious and kind-hearted sons.” Ratan Tata passes away: The business world was left in mourning on Wednesday as news broke of the passing of Ratan Tata, a titan of Indian industry. The former chairman of the Tata Group, who had been instrumental in guiding the conglomerate…
NEW DELHI: Home-grown auto majors Mahindra & Mahindra and Tata Motors on Thursday hailed the PM e-drive scheme, saying it would help in higher adoption of electric vehicles in the country. On September 11, the Union Cabinet approved two major schemes with a total outlay of Rs 14,335 crore to promote the use of electric…
NEW DELHI: Top car companies Maruti Suzuki, Hyundai and Tata Motors continued to reduce wholesale deliveries to dealerships as consumer demand remains relatively low compared to last year, leading to inventory build-up over the past few months. The move comes even as the industry prepares to enter the festive period with the auspicious Ganesh Chaturthi…
MUMBAI: Taking on Maruti Suzuki and Toyota who have been campaigning for incentives for hybrids, Tata Motors on Wednesday said any such benefits will be “regressive and waste of govt money” and will “slow down the pace of EV adoption” in the country while making the vehicles globally uncompetitive.“You can’t confuse the country. From a…
NEW DELHI: Is the slowdown in the car market forcing companies to cut prices? Tata Motors and Mahindra & Mahindra have reduced prices of some of their key SUVs to give a push to demand even as others such as Maruti, Hyundai and Honda offer discounts on certain models.Tata Motors has announced cuts of about…
Tata Motors on Wednesday announced its decision to increase the prices of its commercial vehicle lineup by up to 2 per cent, which will come into effect from July 1, 2024 to offset the impact of rising commodity prices, according to Tata Motors statement.Tata Motors, a prominent player in the Indian automotive industry said the…
NEW DELHI: Hyundai has joined local car companies – Tata Motors and Mahindra – in raising objections to any duty relaxations for hybrid vehicles, saying such a measure has the potential to disturb sales of petrol and diesel vehicles.The demand for lower duty on hybrids is being raised by top Japanese companies such as Maruti…
