|Day's Range||7,205.00 - 7,331.65|
|52 Week Range||4,004.10 - 7,480.90|
|PE Ratio (TTM)||29.03|
|Dividend & Yield||N/A (N/A)|
|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.
A better route would be to focus on larger models and more prestigious marques.
Manesar, India For 16 hours every day, a serpentine production line coiled inside a 600-acre facility in Manesar shapes and slots steel, rubber, and plastic into shiny new Maruti Suzuki cars. The largest facility of India’s biggest carmaker, some 55 kilometres away from New Delhi, works at a prodigious pace. Amid a somewhat dystopian industrial…