Trading restrictions have also been placed on new positions in F&O and MTF starting October 8, as exchanges look to curb sharp price movements ahead of the demerger. Tata Motors shares continued their downward trajectory on Thursday, slipping for the fifth consecutive session ahead of the company’s crucial demerger record date on October 14. The… Continue reading Tata Motors demerger: Record date on October 14, stock crashes over 9% in 5 sessions, what next for investors?
Author: Economic Times of India Online News
India needs country-specific automotive regulations, not western norms: ARAI Director
He underscored the critical role of academic institutions in building and validating databases for new mobility technologies, pointing out that innovation cannot be verified without strong empirical support. India must formulate automotive regulations tailored to its own driving conditions and road realities rather than replicating Western norms, Automotive Research Association of India (ARAI) Director Reji… Continue reading India needs country-specific automotive regulations, not western norms: ARAI Director
India to use all solid waste for road construction by 2027, says Gadkari
Gadkari also spoke on the development of the Indian automobile industry and the promotion of alternative fuels. Union Minister of Road Transport and Highways Nitin Gadkari has said that all solid waste in India will be used for road construction by the end of 2027, as reported by news agency ANI. Addressing the 120th Annual… Continue reading India to use all solid waste for road construction by 2027, says Gadkari
M&M denies reports of business restructuring; says no plan to demerge auto, tractor units
The company stated that it sees much greater value in the synergies by keeping these businesses together under the entity. Mahindra & Mahindra Ltd. on Thursday denied media reports which suggested a possible restructuring of its core business units. In a regulatory filing, the auto giant stated that there is no plan for a demerger… Continue reading M&M denies reports of business restructuring; says no plan to demerge auto, tractor units
Gujarat sees 22-fold jump in auto manufacturing output over 15 years
The Gujarat government, led by Chief Minister Bhupendra Patel, is celebrating a state-wide ‘Vikas Saptah’ from October 7 to 15. The Gujarat government, led by Chief Minister Bhupendra Patel, is celebrating a state-wide ‘Vikas Saptah’ from October 7 to 15. Additionally, the state will observe ‘Industry Entrepreneurship Day’ on October 10, dedicated to celebrating the… Continue reading Gujarat sees 22-fold jump in auto manufacturing output over 15 years
Mahindra Group weighs major restructuring; may spin off tractors, PVs, & trucks into separate entities
There is even talk that SML Isuzu, which Mahindra recently acquired, could become the hub for this business. Mahindra Group is evaluating the separation of its core businesses — tractors, passenger vehicles (including EVs), and trucks — into independent entities, in what could mark the conglomerate’s most significant restructuring in years, according to people familiar… Continue reading Mahindra Group weighs major restructuring; may spin off tractors, PVs, & trucks into separate entities
Tata Motors demerger effect: Shares slip 7% in 4 days
Tata Motors shares have dropped 6.8% in four sessions to ₹689.3 on the BSE, falling below ₹700 as investors await the record date for its demerger next week. Tata Motors’ shares have fallen 6.8 per cent over the past four sessions to hit a low of ₹689.3 on the BSE, slipping below the ₹700 mark… Continue reading Tata Motors demerger effect: Shares slip 7% in 4 days
Stellantis CEO revamps top team in bid to revive ailing automaker
Stellantis CEO Antonio Filosa is making significant leadership changes. New heads for Europe and global manufacturing have been appointed. Stellantis CEO Antonio Filosa carried out a shake-up of the automaker‘s top ranks on Wednesday, installing new chiefs for Europe and global manufacturing as he seeks to build a team capable of reviving the struggling company.… Continue reading Stellantis CEO revamps top team in bid to revive ailing automaker
India, UK eye trade and tech boost as PM Keir Starmer begins first official visit
Prime Minister Narendra Modi on Wednesday welcomed the Prime Minister of the United Kingdom (UK), Keir Starmer, on his first official visit to India. Starmer is accompanied by what is described as the largest trade delegation ever sent from the UK. The visit comes months after India and the UK signed a trade deal, which… Continue reading India, UK eye trade and tech boost as PM Keir Starmer begins first official visit
Display fares approved by RTA on apps, RTO tells companies in Pune
This once again throws the standardisation of cab fare into a disarray. In reaction, the Front has announced a statewide one-day strike of cabbies and auto rickshaw drivers on Oct 9. Confusion continues to prevail for commuters when it comes to cab fares for rides in the city. Just days ago, the Indian Gig Workers… Continue reading Display fares approved by RTA on apps, RTO tells companies in Pune