Shailesh Chandra's comment comes days after Union minister Nitin Gadkari's 'additional GST on diesel' remark. Chandra says Tata Motors has 'shown biggest commitment to what govt wants — EVs'.
As MG Comet microcars finally start hitting Indian streets and Ligier tests its Myli subcompact car in the country, is there a chance for a next-generation electrified Nano?
'The weighted average increase will be 0.6%, depending on the variant and model,' the car maker said in a press release, adding it will come into effect from 1 May.
Top variants account for over 40% of total sales of any given car in India, suggesting that Indian buyers have begun prioritising 'experience over cost'.
Although, Tata Tech, which provides engineering and product development services, will not offer any of its shares, representing 23.6% of its paid-up share capital, to be sold in the IPO.
While Tata Motors sold 50,000 EVs in last 3 years, it is targeting the same number in this financial year. Company is eyeing at least 25 per cent of sales from EVs in next 5 years.
The auto industry expects 2023 to see sales grow by up to 7.5% for passenger vehicles over the levels seen in 2022, which itself was a record high for the segment.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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