Page 17 - Tata Motors

Market Today: TaMo, Asian Paints Q2; China stimulus; Niva Bupa IPO Day 3

At 6:35 AM, GIFT Nifty Futures were down 82 points at 24,136, signalling a potential negative start

Tata Motors Q2FY25 results: Net profit down 11%, revenue dips 3.5%

The stock fell 1.74 per cent on Friday to Rs 805 per share, as the company missed street estimates, which had projected a net profit of around Rs 5,000 crore

Tata Motors Q2 results: Net profit declines 9.9% to Rs 3,450 crore

Tata Motors on Friday reported a 9.9 per cent drop in consolidated net profit to Rs 3,450 crore for the second quarter ended September 2024. The company had posted a consolidated net profit of Rs 3,832 crore in the same quarter of the last fiscal, Tata Motors said in a regulatory filing. Its consolidated revenue from operations stood at Rs 1,00,534 crore compared to Rs 1,04,444 crore in the year-ago period, it added. Total expenses stood at Rs 97,330 crore against Rs 1,00,649 crore in the same quarter a year ago, the company said.

Tata Motors Q2 preview: Co's profit may surge up to 49%, Ebitda by 34% YoY

In the domestic segment, both commercial vehicles (CV) and passenger vehicles (PV) face pressures from lower volumes and rising discounts, particularly impacting the India business

Oct vehicles sale: Hyundai, JSW MG's sales up, Tata Motors' marginally down

Hyundai Motor India Ltd (HMIL) on Friday reported a 2 per cent increase in total sales at 70,078 units in October as compared to 68,728 units in the same month last year. Domestic sales were up marginally at 55,568 units last month as compared to 55,128 units in October 2023, the newly listed firm said in a regulatory filing. Exports were up 6.7 per cent at 14,510 units as compared to 13,600 units in the year-ago month, it added. "We witnessed a strong demand for our SUV portfolio during festive period, leading to our highest-ever monthly SUV sales at 37,902 units, including the highest-ever monthly domestic sales of the Hyundai CRETA at 17,497 units," HMIL Chief Operating Officer, Tarun Garg said. SUVs remain a cornerstone of the company's lineup, representing 68.2 per cent of the total monthly sales in October 2024, with similar penetration in urban as well as rural markets, he added.

Buy or Sell? TCS, Maruti, HUL among 7 Nifty stocks trading in oversold zone

These 7 Nifty 50 stocks are seen trading with an RSI below 30; stocks trading in oversold zone need not necessarily bounce back immediately. Here are the key levels to watch out for.

Maruti Suzuki, Tata Motors expecting record festive automobile sales

Led by robust demand in the festive period, Maruti Suzuki India and Tata Motors are looking to have record retail sales in October. The companies are also eyeing bumper deliveries to customers on Dhanteras. The country's largest carmaker, Maruti Suzuki, said it has delivered about 30,000 units to customers on Tuesday. "We are also expecting another 10,000 deliveries tomorrow. Last year we had witnessed registration of around 23,000 units," Maruti Suzuki India Senior Executive Officer (Marketing & Sales) Partho Banerjee told PTI in an interaction. He noted that the company is witnessing robust demand and is expecting deliveries of around 2 lakh units this month. "October is going be all-time high for us in terms of retail sales. It will be the highest ever. The earlier highest was 1,91,476 units in October 2020," Banerjee said. The bumber sales are also expected to bring down inventory levels for the company to around 30 days from the current 36-37 days, he noted. Tata Motors ...

Tata Motors receives order for 1000 diesel bus chassis from UPSRTC

This contract follows a previous order from UPSRTC for 1,350 bus chassis, which are currently operational across Uttar Pradesh

Tata Motors receives order for 1,000 diesel bus chassis from UPSRTC

Tata Motors on Monday said it has received an order from the UP State Road Transport Corporation to supply 1,000 units of diesel bus chassis. The company received the order following a competitive e-bidding process, Tata Motors said in a statement. The bus chassis will be supplied in a phased manner as per mutually agreed terms, it added. "The Tata LPO 1618 bus chassis is engineered to deliver robust and reliable mobility with high uptime and low maintenance and operating costs. We look forward to commencing supplies as per the guidance of UPSRTC," Tata Motors Head Commercial Passenger Vehicle Business Anand S said. The latest order follows the successful fulfilment of a similar, larger order of 1,350 bus chassis received last year, which are currently running efficiently by the UPSRTC, the company said.

Noel Tata likely appointed as Tata Trusts Chair; Group stocks trade mixed

Noel Tata Chairman Tata Trusts: At 1:44 PM, Trent share price was ruling 2.8 per cent higher, Tata Chemicals share price was up 2.35 per cent, Tata Steel 0.7 per cent, and Tata Motors 0.17 per cent

Market Today: Ratan Tata dies, TCS Q2, GIFT Nifty up 100 pts, Israel war

At 6:30 AM, GIFT Nifty Futures were up 123 points at 25,207, indicating a gap-up opening for the Indian bourses.

Tata Motors reports 11% decline in global wholesales to 304,189 units in Q2

Tata Motors on Tuesday reported an 11 per cent decline in group wholesales, including Jaguar Land Rover, at 3,04,189 units in the second quarter of the ongoing fiscal as compared to the same period last year. Global wholesales of Tata Motors passenger vehicles in Q2 FY25 were at 1,30,753 units, lower by 6 per cent as compared to Q2 FY24, the company said in a statement. Similarly, the global wholesales for Jaguar Land Rover were at 87,303 units, lower by 10 per cent as compared to Q2 FY24, it added. Jaguar's wholesales for the quarter were 5,961 vehicles, while Land Rover's wholesales for the quarter were 81,342 vehicles, the company said. Tata Motors said global wholesales of its all commercial vehicles and Tata Daewoo range in Q2 FY25 were at 86,133 units, lower by 19 per cent as compared to Q2 FY24.

JLR's disappointing September quarter update drags Tata Motors share 4%

The decline in Tata Motors share came on the back of disappointing sales figures for Jaguar Land Rover (JLR) in the September quarter (Q2FY25).

Nifty Auto skids 3% as Sept passenger vehicle sales slow, CV sales fall

Nifty Auto index declined 2.7 per cent in trade today amid a slowdown in PV sales and fall in CV sales

Tata Motors total domestic sales decline 15% to 69,694 units in Sep

Tata Motors Ltd on Tuesday reported 15 per cent decline in total domestic sales at 69,694 units in September as compared to 82,023 units in the year-ago month. Total passenger vehicle (PV) sales in the domestic market, including electric vehicles, stood at 41,063 units last month as against 44,809 units in September 2023, down 8 per cent, Tata Motors said in a statement. "The PV industry in Q2 FY25 saw more than 5 per cent decline in retails (Vahan registrations) compared to Q2 FY24 driven by slow consumer demand and seasonal factors. In contrast, industry offtake was significantly higher than registrations in anticipation of a strong start to the festive season, resulting in a continued buildup of channel stock," Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director, Shailesh Chandra said. Total commercial vehicle (CV) sales in the domestic market stood at 28,631 units in September as against 37,214 in the year-ago month, down 23 per ...

Tata Sons plans to buy 13% stake in Tata AutoComp for Rs 2,122 crore

Tata Sons holds 40 per cent stake in Tata AutoComp while Tata Motors owns 26 per cent

Tamil Nadu plans supply park in Ranipet to meet Tata-JLR needs: TRB Rajaa

This Tata-JLR facility marks a new era for the industrial growth of Northern Tamil Nadu

Tata Motors conducts ceremony of new vehicle manufacturing facility in TN

This manufacturing facility will produce next-gen vehicles for Tata Motors and JLR

CM Stalin lays foundation stone for Tata Motors' Rs 9,000 cr plant in TN

Tamil Nadu Chief Minister M K Stalin on Saturday laid the foundation stone for a new manufacturing facility of auto major Tata Motors here entailing investment of Rs 9,000 crore. The ground breaking ceremony was held at Panapakkam in this district, about 115 km from Chennai. The facility is expected to generate 5,000 new jobs. Besides the CM, senior DMK Ministers Durai Murugan, TRB Rajaa, Chief Secretary N Muruganandam, along with Tata Sons Ltd Chairman N Chandrasekaran participated in the ground breaking ceremony. Speaking on the occasion, Stalin expressed joy over Tata Motors' plan to set up a manufacturing facility in TN. "Tamil Nadu is the first investment destination not only for big companies that operate in India but also for multinational corporations. We are delighted with the presence of Chandrasekaran in this event. Hailing from Namakkal district and leading a globally renowned company, he is a pride for the State," Stalin said. Tata Motors had in March signed a memoran

M&M stock hits new high as m-cap nears Rs 4 trillion; zooms 100% in 10 mths

In three days, the stock of the Mahindra group automaker has rallied 11 per cent on reports of the top management of Skoda Volkswagen India looking to sell up to 50 per cent stake in the co to M&M.