the Adani Group.
One of India’s biggest automakers announced two electric vehicles around $25,000. At that competitive pricing, the company is muscling for market share in a country where adoption of EVs remains low, and where EV sales are dominated by one domestic manufacturer. Analysts are even more bullish on the company following its announcement. [For subscribers only]
What happened in the markets?
Indian stocks continued their gains this week. The Nifty 50
index has risen 2.4% this week at 24,708.40 points. The index has risen 13.7% this year.
The benchmark 10-year Indian government bond yield has moved lower by more than 10 basis points to 6.67% since the end of last week on account of the slowing GDP growth rate.
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