Articles for tag: Automotive, Crore, Facility, Future, Innovation, Jobs, Manufacturing, Motors, Nadu, Promising, Sustainable, Tamil, Tata, Unveils

September 28, 2024

Tata Motors unveils Rs 9,000 crore manufacturing facility in Tamil Nadu, promising 5,000 jobs and a sustainable future in automotive innovation.

Tata Motors Group has officially launched a new manufacturing facility in Panapakkam, Tamil Nadu, with an investment of Rs 9,000 crore. This state-of-the-art plant will focus on producing next-generation cars and SUVs for both the Indian and international markets. The facility, designed to have an annual capacity of over 250,000 vehicles, aims to create more ...

September 25, 2024

Market News

Business

Hyundai India gains IPO approval, aiming to raise billion, marking a significant comeback in the Indian automotive market.

Hyundai India gains IPO approval, aiming to raise $3 billion, marking a significant comeback in the Indian automotive market.

Hyundai Motor India has received approval for its initial public offering (IPO) from the Securities and Exchange Board of India. The South Korean automaker aims to raise $3 billion, valuing the company at around $20 billion. This IPO marks the first for a carmaker in India in the last 20 years, following Maruti Suzuki’s IPO ...

September 11, 2024

Market News

Business

Union Finance Minister Nirmala Sitharaman announces GST relief for automotive, advertising, data hosting, and exporters, boosting growth and competitiveness.

The Union Finance Ministry recently provided relief to several industries, including automotive, data hosting services, and advertising agencies that work with foreign clients. One key circular clarified that demo vehicles used by dealers for test drives can still qualify for GST deductions, as they support vehicle sales. Another circular recognized data hosting services provided by ...