Tata Motors is looking up the capacity of its Pantnagar plant to produce medium and heavy commercial vehicles in order to gain capex subsidy provided by the hilly state, reports CNBC-TV18's Ronojoy Banerjee.
Angel Broking has come out with its report on automobile sector. "In the long run though, expected easing of interest rates, following expected cooling of inflation, is likely to revive demand and would be the key driver for volume growth. Mixed trend yet again in automobile sector", says the report.