Leading Indian automaker Mahindra & Mahindra announces the launch of its new SUV, XUV 3XO. The vehicle promises a combination of thrilling performance, cutting-edge technology, unmissable design, and unparalleled safety. Mahindra & Mahindra aims to cater to the aspirations of urban drivers and surpass expectations in all facets of SUV ownership. With SUVs gaining popularity in India, the company expects a positive response to its new offering.
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Equity benchmark indices declined in early trade on Tuesday after rallying in the past four days amid weak trends from global markets and foreign fund outflows. The BSE Sensex declined 297.97 points to 73,574.32, while the Nifty dipped 86.05 points to 22,319.55. Major laggards include HCL Technologies, Tata Consultancy Services, ICICI Bank, Infosys, Axis Bank, and Reliance Industries.
JSW Group plans to invest 400 billion rupees in electric vehicle (EV) manufacturing projects in India’s Odisha state. Government targets 30% EV market share by 2023. JSW Group will invest 250 billion rupees in an EV battery manufacturing plant and an EV components plant in the first two phases of its plan. Tata Motors dominates the 2% EV market in India. JSW Group and SAIC Motor formed a joint venture in India to focus on green mobility and developing the electric vehicle ecosystem.
