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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Proposed GST hike may not shake up used car market much

The proposed GST increase on used small cars will have minimal impact on demand, say analysts. The rise in GST will slightly affect car deal...