So far in 2019, the Nifty auto index has slipped 14 per cent as against a 7 per cent rise in the Nifty50 index. Shares of two and three wheeler auto-makers like TVS Motors and Bajaj Auto came under heavy selling pressure during the morning deals on Monday after the government think-tank NITI Aayog gave […]
Automakers run into collision with Centre’s electric vehicle plan
Companies such as Bajaj Auto and TVS Motor have objected to banning two- and three-wheelers and asked for at least four months to come up with a comprehensive plan Two- and three-wheeler manufacturers are stoutly resisting the government’s e-mobility plan. The government wants to ban internal combustion engine (ICE)-powered three- and two-wheelers (with an engine […]
