Tata Motors, Mahindra, Maruti Suzuki decline as India seems to be to introduce rear seat belt put on


By CNBCTV18.com ist (printed)

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On the time of writing, Tata Motors shares have been buying and selling down 2.5 per cent whereas M&M was down 1.8 per cent. Maruti Suzuki was buying and selling with a decline of 0.8 %.

Shares of main carmakers – Tata Motors, Mahindra & Mahindra and Maruti Suzuki – fell on Wednesday, a day after Highway Transport and Highways Minister Nitin Gadkari introduced making seat belts necessary for passengers within the rear seats of the automobile. ,

He stated that the federal government will situation a draft notification on this regard in 3-4 days. The remarks got here after the demise of former Tata Sons chairman Cyrus Mistry in a automobile accident.

Shares of M&M fell as much as 1.9 per cent on Wednesday, September 7 and touched an intraday low of Rs 1,282.1. Shares of Tata Motors fell 2.7 %, shares of Maruti Suzuki fell by one %

On the time of writing, Tata Motors shares have been buying and selling down 2.5 per cent whereas M&M was down 1.8 per cent. Maruti Suzuki was buying and selling with a decline of 0.8 %.

Mistry died in a street accident on his manner from Ahmedabad to Mumbai on Sunday. Preliminary investigation revealed that the miscreant sitting within the again seat was not sporting a seat belt.

Though passengers within the rear seats not sporting seat belts appeal to a high quality of Rs 1,000 beneath Rule 138(3) of the Central Motor Autos Guidelines (CMVR), most individuals are both unaware of this necessary rule or just ignore them. Huh.

The federal government intends to make it necessary for automobile producers to offer not less than six airbags in motor automobiles that may carry as much as eight passengers for the protection of the occupants from October this 12 months.

Automakers are delaying including extra airbags to automobiles because it provides price, placing them at an obstacle in a market like India, the place worth is a significant component in gross sales.



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