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The Indian basket on June 9 touched $121.28, matching levels seen in February/March 2012, according to data available from the oil ministry's Petroleum Planning and Analysis Cell (PPAC).

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MSI said total passenger vehicle production stood at 160,459 units last month, against 40,628 units in May 2021.

Tata Motors argued in its petition that it submitted its technical and financial bid for the tender after a pre-bid meeting with BEST officials. However, when the BEST published its technical suitability evaluation of the tender, it declared Tata Motors’ bid as “technically non-responsive”.

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