Tata Motors, Kia India to increase prices across passenger vehicles portfolio
Kia has sold 1.6 million units in India and overseas markets combined to date.
Kia has sold 1.6 million units in India and overseas markets combined to date.
Tata Motors on Monday announced it has received an order from the Uttar Pradesh State Road Transport Corporation (UPSRTC) to supply 1,000 units of the ‘Tata LPO 1618’ diesel bus chassis.
At 9.39 a.m., Sensex was up 687 points or 0.83 per cent at 83,635 and Nifty was up 197 points or 0.78 per cent at 25,575.
Tata Motors on Sunday reported 8 per cent drop in total domestic sales at 70,006 units in the month of August, as against 76,261 units in the year-ago period.
At a time, when his dream project of Tata Motors small car factory in Singur started winding up due to land agitation, silently another and more specifically even bigger industry started taking shape.
Tata Motors board approved the proposal to demerge the company into two separate listed entities, viz a) CV and its related investments and b) PV, including India PV, EV, JLR, and related investments.
The company remains positive on its three automotive businesses – Jaguar and Land Rover (JLR), Tata Commercial Vehicles, and Tata Passenger Vehicles.
The market construct is favourable for consolidation around current levels and gradual up move, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Market history tells us that sharp up moves in the market happen at unexpected times. It appears that this truism is turning out to be true
Homegrown EV charging and mobility solutions company Magenta Mobility on Monday partnered with Tata Motors to deploy 500 units of the Ace EV for intra-city deliveries.
