Business Samachar

JSW MG Motor India sets to challenge Maruti and Tata Motors posted by Shubham kumar (Content Editor 1newsbusiness) Mumbai: 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.  JSWGroup and Chinese automotive manufacturer SAIC Motor-owned MG Motor India on Thursday kickstarted their joint venture that will produce both electric and internal combustion engine cars to capture a large chunk of Indian market that is primarily dominated by Maruti and TataMotors. Parth Jindal, member of steering committee of the new JV, unveiled the new brand identity for JSW MG Motor India, following JSW Group's acquisition of 35% stake in MG Motor India from SAIC. "We want to launch one electric vehicl...

What analyst says on Investment in Gold  Posted by: Shivam kumar Mumbai: Gold prices have been given strong returns since 2019. Prices were at 31000rs per 10grms which have now touched 60000rs giving nearly 100% returns in the last 4yrs, which accounts to compounding of 25% which is far beyond par levels of 15% in major asset classes.  It has also been surpassing major volatile events like trade war since 2019, covid19, Russia Ukraine war, such geopolitical tensions have given a lot more infusion into Gold prices rising higher.  Currently we are in financial banking crises after SVB Credit Suisse alike which will continue to support Gold strongly this year in 2023. Investors should definitely keep strong allocation to Gold. Any hike in line with 25 basis point or lower along with non visible or hawkish speech will be strongly positive for Gold and levels of 2040-2050 in Comex and 61500 odd will be seen in coming days. On the flip side any higher hike than 25 basis with ha...

Altigreen launches its second retail experience centre in the city Mumbai: India’s leading commercial electric vehicle maker Altigreen today inaugurated its second retail experience centre in Mumbai – in Kurla. This is the company’s twenty-sixth (26th) retail dealership in India, following the launches in major metros like Mumbai, Chennai, Hyderabad, Delhi and Bangalore. Much like Altigreen’s experience centres in other cities, this new dealership in Mumbai will allow EV enthusiasts to access Altigreen’s range of electric cargo vehicles. Altigreen has partnered with Fortpoint Automotive Private Limited (FAPL) - one of Mumbai's most illustrated automotive retail companies. Fortpoint Automotive Private Limited (FAPL) is a well-established company in the automotive retail space having a pan-India presence. The company has representation in all three segments of the automobile industry - two-wheelers, four-wheelers and high commercial vehicles with brands such as Kawasaki, Maruti Udyog...