India’s passenger EV market will hot up in next 3-4 years
Currently Tata Motors held over two-thirds of the country's EV market, but Mahindra & Mahindra and BYD are emerging players in the Indian market.
Currently Tata Motors held over two-thirds of the country's EV market, but Mahindra & Mahindra and BYD are emerging players in the Indian market.
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
Tata is the smallest sports utility vehicle in the company’s India line-up.
Historically, India's only ATP event has seen participation by World's top players like Rafael Nadal, Stan Wawrinka, Marin Cilic, Carlos Moya, Pat Rafter and their ilk besides India's top guns, Somdev Devvarman, and doubles icons Leander Paes and Mahesh Bhupathi.
"The overwhelming market response to Tata Punch launched on October 21 is further boosting demand for the company's 'New Forever' range of cars and SUVs," he added.
Tata Motors is the country's largest manufacturer of commercial vehicles which includes trucks, buses and light commercial vehicles.
Earlier this month, the country's largest carmaker Maruti Suzuki India hiked hatchback Swift and CNG variants of other models by up to Rs 15,000 to counter increase in input costs.
