Tata Motors: Tata Motors’ Sanand plant crosses 1 million automotive rollout milestone
Tata Motors’ Sanand Plant in Gujarat, India, celebrated a big milestone, reaching the manufacturing landmark of 1 million automobiles. The plant, which was established round 14 years in the past to fabricate small automobiles, has advanced right into a key facility for producing electrical autos (EVs) and factory-fitted compressed pure fuel (CNG) automobiles. In response […]
Car registrations enhance by 13% to 2 million models in February, based on FADA
Car registrations – a proxy for retail gross sales – elevated in wholesome double-digits by 13% to over two million models final month amid higher provides and sustained client demand throughout rural and concrete markets. As many as 2,029,541 automobiles had been offered final month, which is a rise of 13% over 1,794,866 models offered […]
Tata Motors share value: Tata Motors to hike CV costs for offsetting enter value pressures
Tata Motors can be mountaineering the costs of its industrial autos from April 1, 2024 to offset the residual influence of previous enter prices, the corporate stated in a inventory alternate intimation on Thursday. The costs can be hiked by 2 per cent, it stated. “Whereas the worth improve will differ as per particular person […]
LANXESS India completes growth of Rhenodiv plant at Jhagadia, Gujarat
Specialty chemical substances firm LANXESS has introduced that it has accomplished the growth of its Rhenodiv manufacturing line in Jhagadia, Gujarat. The corporate mentioned that the elevated capability of Rhein Chemie enterprise unit will meet the demand of the Indian Sub-continent and the Asian tire and rubber items markets. Commenting on the event, Matthias Zachert, […]
M&M promoter group entity initiates sale of shares; sale will scale back promoters’ stake to 18.57% from 19.32%
Mumbai: Mahindra & Mahindra’s promoter group entity Prudential Administration and Providers Pvt Ltd (PMSL) has initiated a secondary sale of shares within the firm because the “household is on the lookout for liquidity for particular wants”, the auto producer stated in a submitting with the inventory exchanges on Wednesday. The corporate made the submitting as […]
Exide Industries additional invests almost Rs 40 cr in superior chemistry battery cells making arm
Battery maker Exide Industries Ltd on Wednesday stated it has additional invested almost Rs 40 crore in its wholly-owned arm superior chemistry battery cells producer Exide Power Options Ltd. The funding of Rs 39,99,99,975 has been made by means of subscription within the fairness share capital of Exide Power Options Ltd (EESL), on rights foundation, […]
A mini trade spawns below the hood of a booming automotive market
Fuelled by rising disposable incomes, an inflow of recent sport-utility autos, and engaging mortgage charges, India’s automotive market is racing forward. India’s passenger car gross sales surged previous 4 million models for the first-time ever in calendar yr 2023. As per trade estimates, about 4.1 million passenger autos had been offered within the final calendar […]
gender hole: Negligible variety of girls CXOs at India’s prime auto cos, says Deloitte research
Not solely is the depend of ladies CXOs negligible (lower than 3%) throughout India’s prime 11 vehicle firms, however their salaries are additionally 11% decrease than male counterparts, based on a Deloitte research completely shared with ET. These 11 automakers command greater than 85% market share within the passenger car, industrial car and two-wheeler segments, […]
Mercedes-Benz: Anticipate India to be third largest market amongst 118 international locations: Mercedes-Benz
German carmaker Mercedes-Benz expects India to grow to be its third largest market in its ‘Area Abroad’ over the following 2-3 years with demand anticipated to stay sturdy for luxurious merchandise, in keeping with a senior firm govt. The Area Abroad for Mercedes Benz includes 118 international locations, excluding North America, Europe and China. India […]
Tata Motors pronounces darkish version of Nexon EV, Nexon, Harrier, Safari. Worth, specs, and different particulars
Tata Motors has unveiled the Darkish Version of its fashionable Nexon EV. The carmaker has additionally annnounced the darkish editions of Nexon, Harrier, and Safari facelift. These particular editions have undergone beauty modifications to sport a smooth and blacked-out look. The bookings for these automobiles will begin shortly, and consumers could make their bookings on-line […]