Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs

Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters. The decision caps more than a year of deadlocked talks with government representatives as Tesla […]

Tata Motors Shares Surge Over 8% After Q4 Earnings

Tata Motors reported narrowing of net loss at Rs 992.05 crore in Q4. New Delhi: Shares of Tata Motors rallied over 8 per cent in early trade on Friday, a day after the company reported narrowing of consolidated net loss at Rs 992.05 crore in the fourth quarter ended March 2022. The stock jumped 8.30 […]

Tata Motors Sees Huge 74% Rise In April Sales As Maruti, Hyundai Slip

Tata Motors witnessed a huge rise in its sales in April 2022 New Delhi: Even as sales of India’s largest car maker Maruti Suzuki and Hyundai Motors fell in April 2022, Tata Motors – which normally lags behind the two automakers in terms of vehicles sold – saw its total sales rise by a huge […]

Tata Motors Targets 80,000 Electric Vehicles In Current Fiscal: Report

Tata Motors targets production of 80,000 electric vehicles in current fiscal NEW DELHI: Tata Motors expects to aggressively ramp up annual production of electric vehicles (EVs) to more than 80,000 units this financial year, sources with knowledge of the matter told Reuters. That compares with the 19,000 EVs it built and sold in the last […]

Chandrasekaran’s Reappointment As Chairman Approved By Tata Sons Shareholders

Tata Sons shareholders have cleared N Chandrasekaran’s reappointment as chairman New Delhi: Shareholders of Tata Sons, the holding company and promoter of Tata group companies, have approved the reappointment of N Chandrasekaran as chairman for another five-year term despite its single largest shareholder the Shapoorji Pallonji family abstaining from voting, according to sources. In February […]

Tata Motors Raises Prices By 1.1% On Average To Offset Rising Input Cost

Tata Motors hikes prices to offset impact of rising input cost Mumbai: Tata Motors on Saturday said it has hiked the prices of its passenger vehicles by an average 1.1 per cent with immediate effect. Tata Motors has increased prices across its passenger vehicles to partially offset the rise in input cost, the company said […]

Maruti Suzuki to Launch Electric Vehicle in India Starting in 2025

The country’s largest carmaker Maruti Suzuki will launch multiple electric vehicles models in India in its bid to catch up with competitors and become a leader in the segment, despite not being present there at present, according to the company’s new Managing Director and CEO Hisashi Takeuchi. The company, which plans to launch its first […]

As Demand For Electric Vehicles Rises, Tata Motors To Boost Production

Tata Motors plans to ramp up electric vehicles production as demand has risen New Delhi: Tata Motors is looking to ramp up the production of electric vehicles (EV) as demand continues to outpace the manufacturing activity by a huge margin, according to a top company official. The Mumbai-based automaker, which led the passenger electric vehicle […]

Electric Vehicle Retail Sales in India Jump Three-Fold in FY22: FADA

Electric vehicle retail sales in the country witnessed over three-fold jump last fiscal with two-wheeler offtake leading the segment, according to data compiled by automobile dealers’ body FADA. Total electric vehicle (EV) retails reached 4,29,217 units in 2021-22, a rise of three-fold from 1,34,821 units in the financial year 2020-21, the industry body said. Total […]

Tata Motors Says Under Pressure Due to 20 Percent Rise in Battery Cell Cost

Tata Motors, India’s top-selling electric carmaker, said the cost of battery cells had increased by around 20 percent because of a global surge in raw material prices, mainly lithium, putting pressure on the company in the short-term. Shailesh Chandra, managing director of the passenger vehicles and electric mobility subsidiaries, told Reuters that cell prices have […]

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