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Policy● Neutral for Indian equities
Tamil Nadu Free Bus Travel: 84 Lakh Women To Benefit As Vijay Expands Scheme
The brief
- Tamil Nadu expands free bus travel to 84 lakh women across additional bus services and routes
- Free travel could affect Tamil Nadu transport operators and commercial-vehicle demand
- Weak monsoon weighs on rural demand; September tractor sales fall at M&M and Escorts Kubota
- Two tractor stocks: Escorts Kubota shares fall 6%; VST Tillers shares rally 5% after September sales
- Mahindra tractor sales fall 21% in September, but trucks and buses sales rise 53%
- Switch Mobility wins Delhi order for 840 electric buses under PM E-Drive
- Trump admin to roll out lower fuel economy standards for cars, light trucks