The auto major ruled out plans to set up another facility to house its new EV architecture. Kerala industries minister P Rajeeve told Business Standard last month that M&M officials would meet them soon. The state is in talks with EV players to set up manufacturing facilities. Earlier in August, a Reuters report suggested that M&M and China's Shaanxi had agreed to form a $3 billion joint venture for building a car manufacturing plant in Gujarat, pending approval from New Delhi. However, M&M later clarified that the report was unfounded.
Recent reports have also claimed that the company is scouting for land in Maharashtra - near Shirur, Ahmednagar, and Chakan for another greenfield plant that will make vehicles on a multi-energy platform, the New Flexible Architecture (NFA).
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Changes in policy terms must be conveyed
Mustafa Pithawala had taken a home loan of ₹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).
Low valuation sparks interest in IndusInd
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Swiggy makes market debut today
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NTPC Green Energy IPO eyes $12 bn Valuation
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Sebi simplifies process for registration of certain FPIs
Abridged version of application form to be available in 3 months
11 of 17 Nifty sector indices in correction mode
As many as 11 of 17 frontline Nifty sector indices are in 'correction' mode with energy, auto and central public sector enterprises (CPSE), consumption, and fast-moving consumer goods (FMCG) suffering the most in the recent market fall, according to data.
Nifty falls to near 5-month low
Earnings disappointment and foreign outflows continue to weigh on markets
BITING THE BULLET
The Bullet Train has been a 'dream project'. Can it become a reality anytime soon?
