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
Reports suggest that the TATA sons had released the pledge on March 25 and March 26 in these firms.
Llistosella was most recently the President and CEO of Fuso Truck and Bus Corporation and Head of Daimler Trucks in Asia.
On the completion of the deal, TML Business Analytics Services Limited will be changed to 'Tata Motors Passenger Vehicles Limited'.
The new variant comes with additional features like black alloy wheels, reverse parking display with sensor, voice command recognition among others.
The variant's petrol version starts at Rs 8.25 lakh while the diesel version costs Rs 9.45 lakh.