Latest Updates Around The World
China is quickly emerging as a strong competitor in India’s growing electric passenger car market, which is currently dominated by domestic companies Tata Motors and Mahindra & Mahindra.In less than two years, brands like BYD, of British origin but Chinese-owned MG, and Volvo, of Swedish origin and China, have overtaken South Korean and German rivals […]
Mumbai: Tata Motors Passenger Vehicles (TMPV) on Friday questioned proposals to change the definition of small cars, especially attempts to introduce weight as a criterion.Shailesh Chandra, MD & CEO, said there is “absolutely no justification” for changing the Indian corporate framework for average fuel efficiency (Cafe) or giving concessions to any category of car. During […]
Mumbai: Tata Motors Passenger Vehicles Ltd (TMPV) posted a sharp rise in net profit for the September quarter, supported by a large exceptional profit, offsetting weak performance from British unit Jaguar Land Rover, which suffered a severe production shutdown following a cyber-attack.Net profit rose to ₹76,170 crore in Q2FY26 from ₹3,450 crore a year earlier, […]
As election results trickle in in Bihar, markets appear largely unfazed, with most investors viewing the political event as a known variable rather than a trigger for volatility. Speaking to ET Now, Dipan Mehta, Director, Elixir Equities, emphasized that the outcome has already been absorbed by the Street.When asked if he expects turbulence on the […]
August-listed National Securities Depository Ltd (NSDL) reported 15% year-on-year (year-on-year) growth in its consolidated net profit in the quarter ended September to Rs 110 crore, compared to Rs 96 crore in the year-ago period. Revenue from operations in Q2FY26 stood at Rs 400 crore, up 12% from Rs 357 crore in the corresponding quarter of […]
Tenneco Clean Air India’s Rs 3,600-crore IPO entered its second day of subscription after being 42% subscribed on day 1. The issue received bids of Rs 2.77 crore against 6.66 crore shares on offer.The IPO has generated strong interest in the gray market, with the gray market premium (GMP) rising to around 21.5%, up from […]
The Tata Motors Commercial Vehicle (TMCV) arm will be listed on the stock exchange on November 12. The new entity will trade in the T Group of Securities. According to the BSE notification, 368 crore shares of face value of Rs 2 each will be admitted to trading under the ticker TMCV. The stock remains […]
There are no signs of a year-end slowdown in the Indian passenger car market. At least 15 new models – including 13 SUVs – will debut between November and March, as automakers race to capitalize on the holiday boom and record sales in October.Mass and luxury carmakers are doubling down on high-margin models and keeping […]
New Delhi: Spanish auto parts maker Grupo Antolin is looking to sell its Indian operations for €150 million and has roped in advisers for the sale, according to people familiar with the matter.The €4 billion family business serves the who’s who of global passenger car makers such as Alpha Romeo, Ferrari, Aston Martin, Skoda Volkswagen […]
Car sales in India hit a monthly record in October, early data from automakers showed, as festive seasonal offers and VAT cuts drew buyers to car showrooms. Initial industry estimates showed that Indians bought as many as 470,000 cars, sedans and SUVs last month – 17% more than in October 2024. The previous sales record […]
