Tata Motors Passenger Vehicles expects industry-beating growth in FY27, betting on rising demand for SUVs, CNG and electric vehicles to push higher production. The outlook comes after a record FY26, when the company finished second in the passenger vehicle market. Management says it is tracking geopolitical shocks and commodity price moves that could affect performance.
Toyota plans a ₹20,000 crore greenfield SUV plant at Bidkin Industrial Area in Maharashtra, targeting 100,000 vehicles annually. Production is set to begin in the first half of 2029, with about 2,800 direct jobs and a boost to Toyota’s total India capacity to nearly 450,000 units. The reported $2.1 billion figure comes from a state estimate, not Toyota.
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Toyota has announced plans for a new car factory in Maharashtra that can roll out 100,000 vehicles a year. Production is expected to begin in the first half of 2029 at the Bidkin Industrial Area, with the plant set to produce a new SUV model. The project is estimated to generate about 2,800 jobs.
Hyundai Motor India shares gained 2.6% after a weak start as investors welcomed an Indian in the top role. The company also signaled that growth will resume, banking on fresh product launches—especially expansion into MPVs and off-road SUV segments—aimed at reversing pressure from rivals like M&M and Tata.
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