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MUMBAI (Reuters) - Tata Motors Ltd on Monday showed off the first variant from its new series of petrol engines, expected to power some of its future cars, as the company looks to capture a returning shift in consumer preference for the fuel.With the government allowing fuel retailers to gradually increase the price of diesel - a popular fuel in India thanks to government subsidies - the gap between the prices of petrol and diesel is narrowing, causing demand to slowly gravitate back towards petrol cars.Tata Motors, which has seen sales plunge this year amid a wider slowdown in the auto market, generates the bulk of its passenger vehicle sales through diesel-powered vehicles."Petrol represents a big opportunity for us. Our play in petrol has been lower than we have in diesel," Ranjit Yadav, president of the company's passenger vehicle business unit, told reporters.The new 1.2 litre turbocharged engine will be used in the company's compact vehicles, some of which are expected to be launched later this year.(Reporting by Aradhana Aravindan; Editing by Anand Basu)

Takata has yet to find 'root cause' of air bag ruptures - exec

from Reuters

Takata has yet to find 'root cause' of air bag ruptures - exec

By Patrick Rucker and Ben KlaymanWASHINGTON/DETROIT (Reuters) - Japanese auto parts supplier Takata Corp on Wednesday acknowledged that it still does not understand what is causing air bag explosions ...


Patel Engineering sells Mumbai land for Rs 300 crore

from moneycontrol

Patel Engineering sells Mumbai land for Rs 300 crore

Patel Engineeringhas sold a 4-acre plot in Mumbai's central business district, BandraKurla Complex, for about Rs 300 crore as part of plans to sell assets to reduce debt. Patel Realty, a s...

Did Flipkart Big Billion Day turn tide against e-tailers?

from moneycontrol

Did Flipkart Big Billion Day turn tide against e-tailers?

Moneycontrol BureauIn his popular book, The Tipping Point, author Malcolm Gladwell outlines the idea of a tipping point as that “moment of critical mass, the threshold, the boiling point”...

Finance Minister for more global cooperation to check tax evasion, smuggling

from ibn

Finance Minister for more global cooperation to check tax evasion, smuggling

New Delhi: Calling upon revenue intelligence agencies to enhance cooperation with their global counterparts to check tax evasion and smuggling, Finance Minister Arun Jaitley on Thursday said fr...

Banks may cut rates once risk appetite returns: Yes Bank

from moneycontrol

Banks may cut rates once risk appetite returns: Yes Bank

There is room for liquidity to drive rates lower near term, feelsYes Bank CFO, Rajat Monga. In an interview to CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, he said a lending rate cut was ...

Plan to double exports from India in next 3-5 years: ABB

from moneycontrol

Plan to double exports from India in next 3-5 years: ABB

Shares of ABBrallied over 15 percent, hitting all-time high of Rs 1396.70 intraday Thursday, after the company’s management clarified that they have no plans to delist ABB India.In a...

Sahara group sells Rs 1,211 cr worth Gurgaon land to M3M

from moneycontrol

Sahara group sells Rs 1,211 cr worth Gurgaon land to M3M

Looking to raise funds to ensure release of its chief Subrata Roy from jail, Sahara has sold a big land parcel at the outskirts of the national capital for Rs 1,211 crore to Gurgaon-based developer M3...