Auto Sector

The business also stated that a subsidiary, Hinduja Tech, has inked a formal deal for Creador to spend $50 million to acquire a 19.6% ownership in the company.

An investment totaling ₹3,000 Crore has been finalized for the joint ventures encompassing both CBG and EV projects.

All Tata Motors stakeholders will retain the same exact stake in both listed companies.

Analysts of IIFL Capital Services recently cut their FY24 MHCV growth estimate from 10% to 6%; this may see further cut.

Ola Electric aims to raise ₹5,500 Crore through its IPO, with plans to allocate ₹1,600 Crore for research and development (R&D).

In comparison to the same month last year, MG Motor India revealed on Friday that its retail sales in February increased by 8% to 4,532 units. As of February 2023, the carmaker had sold 4,193 vehicles. As of February 2023, the carmaker had sold 4,193 vehicles. According to a statement from the automaker, electric vehicles will continue to account for a sizeable portion of the […]

Domestic wholesales in February 2023 increased by 11% to 1,55,114 units compared to 1,40,035 units in February 2022.

Total two-wheeler sales witnessed a 6% decline, reaching 267,625 units in February 2022, down from 284,581 units in February 2021.

Total domestic sales for Tata Motors stood at 84,834 units, marking a growth of 9% from the previous year's 78,006 units

Domestic market sales, across all segments, experienced a 35% surge in February 2024, totaling 2,06,894 units, compared to 1,53,291 units in February 2023