|Day's Range||108.00 - 108.43|
|52 Week Range||98.39 - 123.18|
|PE Ratio (TTM)||10.03|
|Dividend & Yield||3.54 (3.30%)|
|1y Target Est||N/A|
India's ambitious plan to push electric vehicles at the expense of other technologies could benefit Chinese car makers seeking to enter the market, but is worrying established automakers in the country who have so far focused on making hybrid models. India's most influential government think-tank unveiled a policy blueprint this month aimed at electrifying all vehicles in the country by 2032, in a move that is catching the attention of car makers that are already investing in electric technology in China such as BYD and SAIC. The May 12 report by Niti Aayog, the planning body headed by Prime Minister Narendra Modi, recommends lower taxes and loan interest rates on electric vehicles while capping sales of petrol and diesel cars, seen as a radical shift in policy.
Toyota Research Institute, a wholly owned unit of Toyota Motor North America, said on Monday it has teamed up with MIT Media lab and five other companies to explore blockchain technology for the development of driverless cars. The project would enable businesses and consumers to securely share data on testing and driving as well as the sharing and usage of such cars to help set insurance rates, Toyota said in a statement. The database would use blockchain, a public online ledger of transactions that first became well known as the software underpinning bitcoin, the first digital currency.
The initiative would allow businesses and consumers to safely exchange data on testing and driving autonomous vehicles, Toyota said.