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Tata Motors crosses USD 50 billion mark in annual turnover | Autocar Professional

Baua Electric

In a landmark achievement for the Indian automotive industry, Tata Motors became the first domestic automaker to breach the USD 50 billion mark in annual turnover. Also, a richer product mix and pricing actions in the commercial vehicle segment aid revenue growth. So, Singapore may take slightly longer to take out.

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Autonomous driving software company nuTonomy closes $16M A round

Green Car Congress

In Singapore, where nuTonomy has strong governmental support, the round included participation from EDBI, the dedicated corporate investment arm of the Singapore Economic Development Board. nuTonomy is positioning itself to be the first company to deliver an autonomous taxi service, and plans to launch a commercial offering in 2018.

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