Tata Motors Passenger Vehicles on Sunday reported a 23 per cent rise in total sales to 75,426 units across domestic and international markets in October. The company registered total sales of 61,295 units in the year-ago month. Domestic passenger vehicle sales increased 21 per cent to 73,894 units last month from 61,134 units in October 2025, Tata Motors Passenger Vehicles Ltd (TMPVL) said in a statement. International business passenger vehicle sales jumped manifold to 1,532 units in October compared to 161 units a year ago, it added.
A fresh tender window for minority shareholders will open on November 2, while Tata Sons Chairman N Chandrasekaran has been appointed Iveco's chairperson following the takeover
Amazon plans to expand its electric vehicle fleet from over 15,000 currently, while partnering with Tata Motors to deploy 3,000 electric trucks and boost charging infrastructure
Provisional acceptances under the €3.91 billion offer reached 87.81 per cent of Iveco's share capital, clearing the revised minimum threshold of 80 per cent
The rollout will begin in Delhi and later expand to key highways, with Amazon targeting electrification of the 2,800-km Delhi-Bengaluru-Chennai freight corridor
Tata Motors and Amazon have joined hands to deploy 3,000 electric trucks for e-commerce logistics, a joint announcement said on Tuesday. Heavy Industries Minister H D Kumaraswamy flagged off the initial fleet of trucks. "I congratulate Tata Motors and Amazon on this significant collaboration to deploy 3,000 electric trucks across Amazon's transportation network in India," Kumaraswamy said. The minister said while electric passenger vehicles and two-wheelers have made encouraging progress, the electrification of commercial transportation is equally important. "As India's economy expands, the demand for freight transportation will continue to increase. We must therefore ensure that the growth of our logistics sector is accompanied by great energy efficiency. Today's initiative is an important step in that direction," he said. A senior Amazon executive said all 3,000 electric trucks will be deployed within 3 years.
Motilal Oswal Wealth Management Research Desk remains constructive on the auto sector, while expecting volume growth to moderate from the elevated levels seen in 1HFY27.
Tata now holds 89.42% of Iveco's common share capital based on provisional results, both companies said
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
Benchmark indices traded lower for the third consecutive session on Thursday, as selling across sectors amid elevated crude oil prices and concerns over corporate earnings weighed on sentiment.
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 Elxsi, Hero Motors, Anand Rathi Share and Stock Brokers, Den Networks, GTPL Hathway, PNB Gilts, ICICI Prudential Life Insurance will announce their quarterly earnings on October 13.
The expanded partnership will combine Tata Motors' vehicle technology with Stellantis' engineering capabilities to develop India-made vehicles for more than 50 global markets
The expanded partnership adds advanced technology and vehicle architecture collaboration to the companies' existing manufacturing relationship
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
Car manufacturers will face revised emission targets from April 2027 as govt settles a long-running industry dispute
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.
Tata Motors Passenger Vehicles expects to cross 15 per cent domestic market share "very soon" and is working towards its previously stated target of 20 per cent by FY31, as the nearly year-old standalone business looks to drive significant growth through investments in new product categories, faster product interventions and powertrain expansion, its Managing Director and CEO Shailesh Chandra said. In an interview with PTI, Chandra said the passenger vehicle business, which became a standalone entity following the demerger effective October 1 last year, has grown nearly 40 per cent over the past year and is exiting September with electric vehicles accounting for more than 25 per cent of its total sales. "Our focus is going to be, of course, to drive significant growth, double-digit growth. At the same time, we want to be leading the charge as far as the sustainable or zero-emission powertrains and emission-friendly powertrains are concerned, and at the same time, we have to continue
Commodity pressures were hurting margins and forcing faster cost cuts, says Shailesh Chandra