The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revision of ethanol procurement prices for Public Sector Oil Marketing Companies (OMCs) for the Ethanol Supply Year (ESY) 2024-25. Starting from November 1, 2024, to October 31, 2025, the administered ex-mill price of ethanol derived from C Heavy Molasses… Continue reading Cabinet approves revised ethanol prices for public sector OMCs
Category: US Motoring Press
Project Abhay: Vision care initiative targets road safety crisis
A nationwide initiative has screened 50,000 truck drivers across six Indian states, revealing that over half suffer from vision problems that could impact road safety. The Project Abhay findings, presented at IIT Delhi on January 29, show that 55.1% of drivers require vision correction, with 93.7% receiving immediate assistance through on-site health camps. The initiative,… Continue reading Project Abhay: Vision care initiative targets road safety crisis
Tata Motors expects PV space to be competitive on new launches, low inventory
Tata Motors expects the pricing environment in the passenger vehicle industry to remain “competitive” in the new year, driven by new model launches and correction of inventory across the industry. This comes as the demand for passenger vehicles is expected to cool off following two years of strong growth. “Given the innovations and intensity of… Continue reading Tata Motors expects PV space to be competitive on new launches, low inventory
Tata Motors expects ‘competitive’ car prices in India as new models launch
Tata Motors anticipates car prices in India will remain “competitive” in the new year, driven by new model launches and despite a rationalization of inventory levels across the industry. This comes in the context of a cooling off in demand following two years of strong growth. “The crux of the discounts came in earlier this… Continue reading Tata Motors expects ‘competitive’ car prices in India as new models launch
Retailer stress impacting auto sales in China, says Tata Motors
Tata Motors acknowledges the headwinds facing the Chinese auto market, citing financial stress among retailers as a key factor impacting the industry. However, the company remains optimistic about a recovery in the coming quarters, while highlighting strong growth in other markets, particularly the United States. “The China demand situation is more influenced by some retailers’… Continue reading Retailer stress impacting auto sales in China, says Tata Motors
Tata Motors watchful of US Tariffs, emphasises strong demand for JLR vehicles
Tata Motors is closely monitoring the possibility of new tariffs on automotive imports by the Trump administration in the United States, but remains confident in the strong demand for its Jaguar Land Rover (JLR) vehicles. “We need clarity on that,” a company official said, referring to the potential tariffs. “As far as the UK is… Continue reading Tata Motors watchful of US Tariffs, emphasises strong demand for JLR vehicles
Tata Motors predicts gradual improvement in India’s auto demand
Tata Motors, India’s largest automaker, anticipates a gradual improvement in domestic auto demand, fueled by continued infrastructure investments and upcoming budget announcements. “On the domestic side, we expect a gradual improvement in demand due to a combination of factors because we believe the infrastructure investments will continue this year,” a company official stated recently. “Let’s… Continue reading Tata Motors predicts gradual improvement in India’s auto demand
Tata Motors expects JLR’s China weakness to be offset by growth in other markets
Tata Motors, the Indian automaker that owns Jaguar Land Rover (JLR), anticipates continued weakness in the Chinese auto market but expects growth in other regions to cushion the impact. “We continue to be watchful of China, which is why we see stress in China overall at an industry level,” a company official said during a… Continue reading Tata Motors expects JLR’s China weakness to be offset by growth in other markets
MapmyIndia registers 24.5% growth in Q3 FY25 revenues
CE Info Systems (MapmyIndia), India’s leading advanced digital maps and deep-tech products and platforms company, has announced financial results for the third quarter and nine months of FY2025, ended on 31st December 2024. The company’s key consolidated financial highlights for Q3 and 9M FY25 include a 24.5% year-on-year growth in revenues from operations, which stood at… Continue reading MapmyIndia registers 24.5% growth in Q3 FY25 revenues
Tata Motors’ Demerger on Track for October 2025, Says CFO
Tata Motors’ Chief Financial Officer, PB Balaji, confirmed today that the company’s demerger plan remains on schedule, with an effective date of October 2025. This announcement comes as the company awaits a final order from the National Company Law Tribunal (NCLT) in the coming weeks. The demerger will see Tata Motors’ passenger vehicle (PV) business,… Continue reading Tata Motors’ Demerger on Track for October 2025, Says CFO