Bank of Maharashtra will give loans of up to 90% of the on-road price of the vehicle to individuals and up to 80% to corporate clients
Tata Group stocks: Analysts believe the company's focus on debt reduction and improvement in margin were the key drivers
The hike comes in the backdrop of the automaker's aim to offset the steep rise in procurement cost of essential materials
The month of June and July were good for carmakers in terms of sales with most of them recording a robust growth on a year-on-year basis.
The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 50 per cent increase in sales at 1,62,462 units in July.
Tata Motors will launch 10 EV models before 2025 and has an aggressive growth plan to achieve their EV business target.
The company will also look to raise capital separately for its electric vehicles business
Increasing petrol and diesel prices have prompted many consumers to opt for greener alternatives, including CNG, hybrids, and electric vehicles
Tata Motors is generating strong free cash flow, which will help it pursue its business plans and reduce high debts.
Till the time the Nifty stays above 15,600 on the closing basis, the markets remain in a buy-on-dips zone