|Bid||19.81 x 3000|
|Ask||19.93 x 1000|
|Day's Range||19.67 - 20.07|
|52 Week Range||8.23 - 24.27|
|Beta (5Y Monthly)||2.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 14, 2016|
|1y Target Est||22.88|
India's cabinet on Wednesday approved an incentive scheme for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles and promoting the manufacture of drones. The government will give about 260 billion rupees ($3.5 billion) in incentives to auto companies and drone manufacturers over a five-year period, Anurag Thakur, minister of information and broadcasting, told reporters. "The incentive scheme has been designed to help India become a global player in the automobile sector," Thakur said, adding it would also boost local manufacturing.
Indian automaker Mahindra and Mahindra Ltd said on Thursday it expects a 20%-25% drop in September vehicle production due to semiconductor shortages, following supply chain disruptions due to the pandemic. Globally carmakers have been hit by chip shortages and have warned of further pain due to stiff competition from the consumer electronics industry for semiconductor deliveries. Mahindra said its revenue and profit will be impacted in line with the fall in production volumes, while its tractor, truck, bus and 3-wheeler production was unaffected.
U.K. vehicle output suffered through the worst July since 1956, hit not just by the semiconductor shortage affecting manufacturers globally but also the so-called pingdemic.