Lucid secured a lifeline earlier this year when major ride-hailing platform Uber became its second-largest investor.

Japan's Suzuki Motor Corporation currently maintains a market capitalisation of roughly $29 billion, substantially below its Indian division's valuation.

Skoda Auto has served as the primary driver of Volkswagen Group's Indian market strategy since it assumed this role in 2018. (Representative image)

Under the approved scheme, the commercial vehicles business will be transferred to TML Commercial Vehicles Limited (TMLCV), which will be listed separately on the NSE and BSE. Meanwhile, the existing Tata Motors entity will retain the passenger vehicles business, including electric vehicles (EV), Jaguar Land Rover (JLR), and related investments.

The draft makes it clear that compliance is not optional, and any shortfall will invite penalties. (Image credit: Pexels)

The regulatory update follows months of heated discussions among automotive manufacturers.

TVS Motor Company has acquired Italy-based Engines Engineering, and will set up a new Global Centre of Excellence

The Invicto and Innova Hycross scored 5 stars in adult safety and child safety tests.

The Italian firm's expertise includes modelling and CAD, market analysis, materials development, and testing for parameters including vibration, acoustics, structural integrity, endurance, and emissions.

The E Luna Prime builds on the company's existing E-Luna model, which has sold over 25,000 units since its launch earlier this year.