"Production volume of the company in September 2021 was affected due to electronic components shortage," the automajor noted.
The proposed fund-raise will value Tata Motors’ electric vehicle unit at $8 billion and has attracted multiple private equity funds from the US, Middle East and Southeast Asia. TPG, California Public Employees’ Retirement System, Temasek, among others, have held conversations to lead or co-lead the financing exercise, sources told TOI.
During the live broadcast of the all-new Royal Enfield Classic 350's launch, brand recorded highest-ever concurrent viewership, helping the company enter the Guinness World Records.
The automobile maker made its first announcement of the fully electric car in 2020.
They expect chip shortage to begin easing from October, the festival season to boost demand and increased vaccination to help the auto market recover as urban areas return to normal
Quiklyz subscription business: what is it?
At present, India levies a hundred percent duty on wholly imported cars with CIF value (cost, insurance and freight) more than $40,000 and 60% on those costing anything less than that.
Dealers invested about 20 billion rupees ($272 million) building Ford dealerships in India, which employ about 40,000 people
Petrol and diesel vehicles have not been included in this scheme. The focus is instead to promote the transition to clean automotive technologies such as electric and hydrogen fuel cell vehicles, which are expected to gain volumes in the coming years.
Yamaha bikes are known for their track-oriented bikes which have superior performance and unique styling in India.
The fairly new setup which has thus far built a handful of electric hypercars is now all set to take over Bugatti in a joint venture with Porsche.
