Initially, the company will commercially introduce the electric mini truck in ten cities, starting with Delhi, Pune and Mumbai followed by Bengaluru, Hyderabad and Chennai
The foreign direct investment in the ACE industry has also almost doubled to USD 481 million till June in 2022 as against USD 198 million in 2021, he added.
India has signed FTAs with several countries such as Singapore, Thailand, and ASEAN.
Joindre Capital Services is bullish on ACE has recommended buy rating on the stock with a target price of Rs 213 in its research report dated August 29, 2018.
Given that an average person spends four hours each day (translating to 60 days in a year) commuting in his car, manufacturers are working overtime on a host of innovative technologies aimed at making the drive less stressful.
For the entire year, an estimate from 4G handsets sale would be Rs 1,000-1,200 crore, he added. Kalirona said the number of 4G devices in the company's portfolio (4G plus, Turbo 4G, Trend and Ace) will be expanded to 10 by March 2016.
In a conversation with CNBC-TV18, Tata Motors' Executive Director Ravi Pisharody explains what differentiates the Mega Ace from other members of the successful Ace family and why it would be the most significant member of them all.
FMC, in response to a request made by the leading bourse MCX, has also decided to exempt registration of potato cold storages with the Warehousing Development and Regulatory Authority (WDRA) for the current season to ensure smooth supply and efficient price discovery on the exchange platform.
Ace Commodity Exchange signs memorandum of understanding with compound feed manufacturers association to share information such as price information for soymeal.
Tata Motors' total sales in March plunged 28 percent year-on-year to 72,712 units, as customers continued to shun passenger vehicles and medium & heavy commercial vehicle demand remained sluggish.
Its been a dismal year for India's automobile industry, but their woes are likely to continue well into next year, feels industry body Society of Indian Auto Manufacturers.
Tata Motors' consolidated profits have sky rocketed in recent years since the turnaround of its British luxury Jaguar Land Rover unit. However, its domestic business has been a drag this year and plunged to a wider-than-expected loss of Rs 458 crore in the third quarter.
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Tata Motors, India's largest commercial vehicle maker, plans to launch 7-8 new products/variants on its highly successful Ace mini truck platform, Ravi Pisharody, ED - commercial vehicles, said on Thursday.
Action Construction Equipments or ACE has reported that it is looking to raise around USD 10 million from private equity players to fund acquisitions that it has planned. According to Sorab Agarwal, managing director of ACE, two acquisitions should be finalized within a month.
Sorab Agarwal, Managing Director of the company, in an interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, said that the last year was very good for the company and expects a topline growth of 40-45% this year.
MLR Securities is bullish on Action Construction Equipment (ACE) and has recommended buy rating on the stock with a target of Rs 57 in its April 13, 2011 research report.