Commercial vehicle wholesales grow 42%; commodity costs weigh on margins
Q2FY27 company results: Firms including JSW Steel, Jindal Steel, Bharat Petroleum Corporation, Dr Reddys Laboratories, and Shriram Finance are also to release their July-September earnings today
Iveco shareholders approved key resolutions for Tata Motors' €3.91 billion acquisition, lowering the minimum share acceptance threshold from 95% to 80% and easing the path to completion.
Tata Motors Ltd said it has increased the takeover offer price for Italian truck maker Iveco Group NV by 0.30 euro per share to 14.40 euro per share, citing delay in authorisation process. In 2025, Tata Motors announced plans to acquire Iveco, excluding its defence business, for 3.8 billion euro (nearly Rs 38,240 crore) through TML CV Holdings Pte Ltd. The commercial vehicle major earlier offered 14.10 euro per share, valuing the transaction at 3.82 billion euro. Tata Motors started an all-cash voluntary tender offer for all outstanding common shares of Iveco in September. The acceptance period runs from September 7 to October 26, 2026, with Iveco Group shareholders scheduled to vote on related resolutions at an extraordinary general meeting on October 16. Iveco Group's board of directors unanimously supported the deal and has recommended that shareholders tender their shares and vote in favour of the earlier offer. While noting that the previous offer price already represented fu
Nifty Auto index decline 3 per cent to 25,507, hitting an over four month low on the National Stock Exchange in Thursday's intraday deal.
The Corporate Average Fuel Economy (CAFE-III) norms will provide a clear roadmap for improving fuel efficiency and reducing carbon emissions while offering manufacturers multiple technology pathways for compliance, the automobile industry said. The government has notified the third phase of CAFE norms for passenger vehicles, setting relatively softer efficiency targets for lighter cars and requiring greater fuel-efficiency improvements from heavier vehicles. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the framework provides clear predictability which will enable the auto industry plan investments and accelerate innovation, thereby, playing an important role in the country's journey towards Viksit Bharat in 2047. "CAFE III regulation lays down a structured road-map with aggressive annual targets for next 5-years for the auto industry along with a market-based compliance mechanism. This will not only ensure reduction of overall fuel consumption from
Tata Trusts, led by Chairman Noel Tata and holding 66% of Tata Sons, has proposed merging TESS and TCE with Tata Sons to help the holding company remain private and exit the RBI's NBFC/CIC framework.
Two-wheeler production grew 15.2% overall as scooters, typically more urban-weighted, grew faster at 26.7% than motorcycles at 9.1% domestically, even as motorcycle exports rose 33.4%
Tata stocks: Analysts believe the boardroom battle playing out in public forums is creating more uncertainty for the group.
Tata Sons cleared N. Chandrasekaran's five-year reappointment and its proposed listing. Tata Trusts has opposed both the reappointment and listing, citing the Trusts' public-purpose role in the group.
Stocks to watch today: Navratna defence PSU Bharat Electronics (BEL) has secured additional orders worth ₹648 crore.
Tata Sons board approved extension of N Chandrasekaran's term as the executive chairman for another 5 years.
Stocks to watch today: ICICI Bank, LIC, SBI, Dixon Tech, TCS, NMDC, JSW Steel, RVNL, Tata Motors, CG Power, BEML, among others, will be in focus today.
Tata Motors launched an all-cash voluntary tender offer to acquire all common shares of Iveco Group for EUR 14.10 per share, valuing the Italian commercial vehicle maker at approximately EUR 3.82 billion. The offer is being made through TML CV Holdings B.V., and the acceptance period will run from September 7 to October 26, 2026, according to a joint announcement by Tata Motors and Iveco Group on Friday. The offer price of EUR 14.10 per common share is on a cum-dividend basis. The transaction is the latest step in Tata Motors' proposed acquisition of Iveco, with the offer document having received approval from Italy's market regulator Consob. The approval cleared the way for the shareholder acceptance process. Iveco Group's Board of Directors has unanimously supported the transaction and recommended that shareholders accept the offer. It has also recommended that shareholders vote in favour of the resolutions relating to the offer at the Extraordinary General Meeting (EGM) schedul
Nexon enters market as Osprey, becoming Tata's fifth PV offering; India already supplies over half of South Africa's light-vehicle imports
TML CV Holdings will offer €14.10 per Iveco share, with the initial acceptance period running from September 7 to October 26 and payment scheduled for October 30
Tata Motors, Byju's and KT Grooming tapped Lionel Messi's global appeal over the years; experts say retirement could now make him more accessible to Indian brands
Tata Motors Ltd on Tuesday reported a 49 per cent growth in total commercial vehicle sales in August at 44,411 units as compared to 29,863 units in the same month last year. Domestic commercial vehicle sales were up 33 per cent at 36,619 units last month as compared to 27,481 units in August last year, Tata Motors Ltd said in a statement. International business volumes were at 7,792 units in August as against 2,382 units in the year-ago month, registering a 227 per cent growth year-on-year.
Low-growth companies will not find favour, and better visibility of stronger growth over the medium term becomes a prerequisite to lure global investors, said Emkay.
Tata Motors Ltd expects demand for its electric commercial vehicles (CVs) to remain strong and continue to grow with a strong order book in place across segments, according to its Managing Director and CEO Girish Wagh. The company also expects supply chain bottleneck regarding cells imported from China that has impacted its Intra EV, to be resolved completely by the end of the ongoing quarter, he told analysts. "On EVs, the demand outlook is quite positive," he said. In the first quarter of the fiscal year, on the electric commercial vehicles front, Tata Motors had over 3,400 vehicle orders across segments, building on the momentum it saw in the second half of last year. In addition to that, Wagh said, "As a part of PM-eBus Sewa, there are a few more newer tenders which are also on the way. We are quite positive on that." He pointed out that the electric small commercial vehicles (SCV) pickup, which is completely in the retail market, is doing very well. "The TCO (total cost of .