The new policy allows import of just 40,000 EVs per manufacturer over a 5-year period i.e. at a rate of not more than 8,000 EVs per year. And that too on the condition of setting up a manufacturing base in India. Secondly this is for import of only high-end vehicles (USD 35,000 i.e. around Rs.30 lacs and above). Competition is bound to increase in the long run anyway (from the present), and this policy is just a small carrot to those who are anyway planning to enter the Indian market. I don’t think it is much of an issue for existing players.

Press Information Bureau (pib.gov.in)

These are “unsecured” loans. Unsecured loans at 9% is fairly competitive rate…
Further, with the asset light model they have, they have sudden requirements of funds for a short period of time (depending on orders inflow/raw material availability), and that’s where these funds come in handy …
Anyway promoter putting his own funds on unsecured terms at a fairly competitive rates is a positive.

Sparc Electrex has launched its first Product using Hyundai brand name- “HYUNDAI HEAT GUN HHG 2000”.

Does anybody know what’s happening here? Is this sustainable?

Disc: no positions. Just curious.

Icicidirect offers 9% per annum. Lowest one across all. Negative point is brokerage is .1 %. Best strategy is start with 5% of your PF in MTF. Hold position for 2-3 months, look for 20-30% return. Than u can take a decision to convert to delivery or square off. Trade less with large holding periods.

Note: avoid all hot stocks which are in momentum else u will burn your fingers. Its just equivalent to buying cheap assets on leverage and waiting for markets to recognize and reward. Do a proper fundamental and technical study for anything you are adding in MTF.