Invoking the legacy of Singur, BJP state president Samik Bhattacharya said industrial revival and fresh investment are crucial to restoring employment opportunities in West Bengal.
Under the MoU finalised in the presence of Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal, Tata Motors will commence trial runs of 40 trucks with green hydrogen internal combustion engines (H2 ICE) over the next two years.
At the close, the Sensex ended 27 points, or 0.03%, lower at 82,248.61, while the Nifty 50 was up by 14 points, or 0.06%, to settle at 25,496.55.
Inaugurating the Tata Motors Jaguar Land Rover (JLR) manufacturing facility at Panapakkam in Ranipet district, Chief Minister MK Stalin on Monday also flagged off the first unit rolled out from the factory.
The impact of the total exceptional cost due to the cyber incident at JLR was to the tune of Rs 800 crore, while Rs 400 crore was due to the new labour code implementation and another Rs 400 crore was due to stamp duty charges.
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
