Tuesday, October 12, 2021

Tata Motors jumps 10% as co to raise $1 billion for passenger EV business

On Tuesday, Tata Motors closed a transaction to raise Rs 7,500 crore from Abu Dhabi-based ADQ and TPG Rise Climate, marking the first large financing plan by a domestic automaker to boost clean mobility.

from Auto-Industry-Economic Times https://ift.tt/3lyvj67

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Auto companies push for easing of fuel efficiency norms

Automakers are urging the government to relax new CAFE III fuel efficiency norms, set to begin in April 2027, due to the low penetration of ...