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JSW MG Motor India retail sales dip 9 pc in June to 4,644 units
JSW MG Motor India reported a 9% year-on-year decline in retail sales for June, with 4,644 units sold compared to 5,125 units in June 2023. Despite this, the company's flagship SUV, the ZS EV, achieved its highest-ever monthly sales in June 2024.
Tata funds pause is no 'debt-errent' at 1mg, BigBasket
BigBasket and 1mg–two of the biggest digital assets of Tata group–are choosing debt over equity for expansion in a critical year for them. As Tata Sons hits a pause on funding its ecommerce business, the two platforms are opting for debt for capex this financial year.
BigBasket, 1mg’s plans for capex; win for epharmacies in Madras HC
Tata’s online grocery BigBasket and epharmacy 1mg will largely depend on debt capital to fuel expansion this fiscal. More on this in today’s ETtech Morning Dispatch.
Indian streets gear up for electrifying SUV launches from Tata, Hyundai, Maruti & more
India gears up for a wave of SUV launches, including Tata Motors, Hyundai, Kia, and more, showcasing the industry's move towards sustainable transportation. Maruti Suzuki to unveil its first EV at Auto Expo 2025, and Mercedes-Benz targets a quarter of sales from EVs by 2026.
Passenger vehicle wholesales in slow lane in May due to high base effect, elections
Passenger vehicle wholesales in India grew marginally in May due to the high base effect and muted demand during the general elections. Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, Kia India, and MG Motor India all reported varying levels of growth.
Most trusted Magnesium Supplements in India for overall wellness
The article lists magnesium supplements, highlighting their various benefits and features. It also outlines how magnesium supplementation can address common health concerns such as muscle cramps, sleep disturbances, and stress. Additionally, the article emphasizes the importance of magnesium in maintaining overall health and well-being, making it a valuable resource for those seeking to incorporate magnesium into their daily regimen.
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Wanted: More women in taxi, logistics lane
Taxi and logistics companies, traditionally reliant on male drivers, are increasingly hiring women to drive cars and commercial vehicles or deliver ecommerce orders on two-wheelers. Female driver demand is rising faster than for males but there's a shortage.
EV stocks vroom up to 253% in 1 year. Should you invest?
Hindustan Copper shares, which are seen as one of the beneficaries of the growing EV adoption, have rallied 253% in the last year. Other EV stocks that have more than doubled investor wealth in one year are Himadri Speciality Chemical, Servotech Power Systems, JBM Auto, and Exide Industries.
10 Best Calcium Tablets in India: Bone Boosters
Discover the Top 10 Calcium Tablets: Unveiling the Ultimate Guide to Bone Health. From dosage to absorption, we delve into the finest calcium supplements, scrutinizing efficacy, safety, and affordability. Elevate your skeletal strength with our expert recommendations, ensuring optimal nutrition and fortified bones for a healthier you.
MG Motor announces 100-year special editions of Comet, ZS EVs, & other models
MG Motor India introduces 100-year Special Edition models of Comet, Astor, Hector, ZS EV in India with unique design elements. Price details, sales figures, and upcoming Gloster facelift are also mentioned.
10 Best Triphala Capsules/Tablets promoting Healthy Digestion and Gut Balance
Embark on a journey to holistic wellness with the best Triphala capsules and tablets available in the market. Triphala, an ancient Ayurvedic blend of three fruits – Amla, Bibhitaki, and Haritaki – offers a myriad of health benefits, from supporting digestion and gut health to boosting immunity. Delve into this selection of trusted brands offering potent formulations that have been carefully crafted to deliver the essence of Triphala in convenient capsule or tablet form.
10 Best Ashwagandha Supplements in India for Optimal Health and Vitality
Ashwagandha, revered for its myriad health benefits, has garnered attention for its ability to reduce stress, enhance cognitive function, boost energy levels, and fortify the immune system. In light of these benefits, we bring you this curated list of the best Ashwagandha supplements, carefully selected to help you incorporate these advantages into your everyday wellness regimen. By embracing Ashwagandha supplements, you embrace a holistic path towards nurturing vitality amidst the relentless pace of modern life.
China's Leapmotor set to follow BYD, MG into India; budget EV space set for intense competition
Leapmotor, which had talks going on with Sajjan Jindal-led JSW, will be following in the footsteps of its Chinese peers MG and BYD into India.
MG Motor India reports 1.45 pc dip in retail sales at 4,485 units in April
MG Motors India on Wednesday said its retail sales declined 1.45 per cent year on year to 4,485 units in April. The company had reported sales of 4,551 units in April 2023.
As Fed bets are repriced, global fund managers look at cheap China; haven plays in Korea, India & Japan
Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and India’s domestic-driven equities. The outlook is even dimmer for currencies and bonds.
You can charge your EV for free at 400 spots in Karnataka. Check details
Statiq launches no-cost EV charging initiative in Karnataka to promote public charging for long-distance travel, supporting various EV models. Users can access free service via the Statiq app with no hidden charges, aiming to expand across Southern markets.
MG Motor ties up with Epsilon Group for EV charging solutions, battery recycling
MG Motor India collaborates with Epsilon Group for EV charging and battery recycling. The partnership includes MoU with Power EV and LICO for Custom Charging technology and second-life expertise, enhancing charging infrastructure and circular economy. Gaurav Gupta leads the initiative.
MG Motor India looks to expand network in tier III, IV to drive next phase of growth
MG Motor India aims to expand its presence in tier III and IV cities by establishing 100 new touchpoints by the fiscal year end. With plans to increase touchpoints to 520 across 270 cities by 2024-25, MG Motor embarks on its growth phase 'MG 2.0', focusing on production capacity enhancement and introducing new models.
CCI clears IndoEdge's stake purchase in MG Motor India, other deals
The acquisition of shares in MG Motor India will grant IndoEdge India Fund 8.70% of the voting and economic rights, according to a statement by the antitrust regulator. The acquirer is a large value fund for accredited investors, a scheme by IndoEdge which is a contributory determinate trust registered with the Securities and Exchange Board of India as an alternative investment fund, it said.
MG 2.0: JSW MG Motor India sets wheels rolling to give India another 'Maruti moment'
JSW Group and SAIC Motor-owned MG Motor India announced a joint venture to produce electric and internal combustion engine cars in India. With JSW's 35% stake acquisition, the partnership aims to challenge Maruti and Tata Motors' dominance in Indian markets. MG plans to capture a third of the New Energy vehicle market by 2030, focusing on EVs.
Sajjan Jindal looks to recreate iconic 'Maruti Moment' with JSW MG India
JSW MG, led by Jindal, targets selling a million NEVs by 2030 with Mumbai announcement. Plans include SAIC deal, Odisha investment, and focus on green mobility amidst geopolitical tensions, Hector, Astor models.
MG Motor India anticipates accelerated growth path with JSW Group's investment, says CEO Emeritus Rajeev Chaba
MG Motor India is poised for rapid growth with the backing of JSW Group as an investor, according to CEO Emeritus Rajeev Chaba. The company has already established a strong foundation in technology, customer experience, gender diversity, and community service. Chaba expressed optimism about the future, stating, "Now with the investor coming in, definitely I would expect an accelerated growth path, and more aggressive expansion plans."
MG Motor to launch two cars in India this year, including an EV
This is part of an attempt by company to grab a bigger share of the EV market in the country. EVs are 25%-30% of the company total sales in India at present.
Online preventive health check-ups set to grow 50% in January-March tax saving season: Simpl
Starting January, millions of salaried employees across India make their investment and expense declarations to save on taxes.
Tata Digital explores operational integration
Additionally, Tata Digital plans to consolidate its various standalone apps such as BigBasket, 1mg, and Tata Cliq, under the Tata Neu app to increase consumer engagement, boost Tata Neu app utilisation, and enhance operational efficiencies. The flagship digital asset, BigBasket, is also looking to raise up to $100 million in funding from parent Tata Sons.
Tata 1mg, Vitonnix UK announce exclusive partnership for healthcare products
The first product will be vitamin sublingual sprays which enable rapid absorption of vitamins, according to the company.
HealthKart revenue grows 69% in FY23, loss narrows on improved unit economics
However, the Gurugram-based company’s total expenses grew only 21.5% during the year to Rs 1,016.5 crore – pointing to an improvement in its unit economics.
Omidyar Network India to exit country, stop new investments
The fund, which has invested in the likes of healthcare platform 1mg and edtech Vedantu, among other startups, will completely transition out of the Indian market by 2024, it said in a blog post on Tuesday.
Omidyar Network to exit India; Angel funds may soon get to invest more in startups
Impact investment fund Omidyar Network India is exiting the country and will transition out of the local market by 2024. This and more in today’s ETtech Top 5.
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