Maruti Suzuki sales grow 12% in February; analysts remain positive

NEW DELHI: Maruti Suzuki India, the largest carmaker in the country, on Monday said its total sales stood at 1,64,469 in February 2021, up 11.8 per cent compared with the corresponding month last year. Total sales in the month include domestic sales of 147,483 units, sales to other Original Equipment Manufacturers (OEMs) at 5,500 units […]

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Billionaire investor Rakesh Jhunjhunwala reveals how he’s playing India’s electric vehicle market

Indian billionaire investor Rakesh Jhunjhunwala is betting on automaker Tata Motors as one of the winners of India’s growing electric vehicle market. “I think the biggest and the best player in electric cars in India is going to be Tata Motors,” Jhunjhunwala told CNBC’s “Street Signs Asia,” on Tuesday. “I am a large shareholder of […]

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These stocks may stand to benefit from India’s growing electric vehicle market

India’s push toward electric vehicles is creating opportunities for companies in ancillary spaces such as battery manufacturing, according to an analyst at diversified financial services firm Motilal Oswal. The move toward electric vehicles is “inevitable” globally as well as in India, where higher fuel prices can make owning cars that run on electricity comparatively more […]

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