The demerger of Tata Motors’ commercial vehicle business will be effective from October 1, splitting the company into two parts. New shareholders will receive shares of the new entity in proportion to their shareholdings.
A large number of vehicles, including trucks, passenger vehicles, and buses, have been halted at Jakhani in Udhampur. A must read on Dynamite News:
Passenger vehicles (PV) dealers are expected to lead a recovery among all automobile dealers sub-segments with 20 to 22 per cent revenue growth this fiscal to almost reach pre-pandemic revenue levels of fiscal 2020, rating agency Crisil said on Monday.
Automobile registrations across the country dropped by more than 28 per cent in March from the year-ago period but passenger vehicles marked a sharp increase of 28 per cent, the Federation of Automobile Dealers Association (FADA) said on Thursday.