
Toyota Kirloskar Motor to invest ₹3,300 cr in Karnataka
According to the Innova and Hilux maker, the new plant will have a manufacturing capacity of one lakh units and will generate employment for 2,000 people.
According to the Innova and Hilux maker, the new plant will have a manufacturing capacity of one lakh units and will generate employment for 2,000 people.
According to the two-wheeler and three-wheeler manufacturers, the partnership is part of TVS Motor's plan for global expansion.
During the quarter under review, the revenue from operations stood at ₹10,777 crore, up 6%, as against ₹10,203 crore in the corresponding period of the previous year.
PV, three-wheeler sales continue growth momentum
The capex will be also utilised in scaling up the company's production capacity from 2 million units at present to 4 million units in the next 7 years.
The retail sales in H1 of FY24, surged by 25% YoY to 2,08,555 units, against the same period last year.
The price increase is to offset the residual impact of the past input costs, the company says.
Riding on the SUV wave, Tata Motors on September 14 launched the Tata Nexon facelift at a starting price of ₹8.09 lakhs
Goyal's statement comes amidst Tesla's plan to enter the highly competitive domestic automobile industry.
The government had earlier set the deadline of October 1, 2023, for the implementation of the airbags mandate.