Page 21 - Tata Motors

Tata Motors reduces prices of its EV model range by up to Rs 3 lakh

Tata Motors on Tuesday said it has reduced prices of its electric vehicle model range by up to Rs 3 lakh. The Mumbai-based automaker said it has reduced the price of Nexon EV by up to Rs 3 lakh, Punch EV by 1.2 lakh, and Tiago EV by Rs 40,000. "With these special, limited period prices, we are breaking the high acquisition cost barrier for EVs, and bringing EV prices closer to similar petrol and/or diesel-powered vehicles," Tata Passenger Electric Mobility Chief Commercial Officer Vivek Srivatsa said. The company's singular purpose is to mainstream EVs, by breaking barriers and making EVs more accessible to regular car buyers, he added. Tata Motors has already announced a price cut ranging between Rs 65,000 and Rs 1.8 lakh on its internal combustion engine powerd range which includes models like Tiago, Nexon, Harrier and Safari.

Tata's financial services, insurance biz saw hefty profits in FY24

Realty, airline, and new-age businesses still struggling to make money

Tata Motors launches new Curvv SUV Coupe; priced at Rs 9.99 lakh

With its introductory pricing set to attract a wide range of consumers, the Tata Curvv will challenge established players like Hyundai Creta and Kia Seltos in the mid-SUV segment

August auto sales impact: Hero, Eicher, and Maruti gain; TaMo, TVS slip

Automaker Tata Motors saw an 8.1 per cent drop in total sales for August 2024, totaling 71,693 vehicles compared to 78,010 units in August 2023.

Stock ideas for Sept: TaMo, Mah Holidays can rally up to 28%, hint charts

Here are 5 stock ideas for September 2024 based on the 'Buy' signal on the technical momentum indicator - the MACD (Moving Average Convergence-Divergence).

Tata Motors partners with Octillion Power Systems for EV battery boost

This strategic move by Tata Motors comes amid industry-wide challenges in the EV market, including a decline in sales and increased competition

Tata Motors' Punch beats Maruti Suzuki WagonR as India's top-selling car

Punch's success highlights a rising consumer preference for alternative fuel options, according to experts

Tata Motors teams with Delta, Thunderplus to grow India's EV charging grid

Tata Motor's partnership aims to expand the availability of EV charging stations on high-traffic routes in India, especially in the commercial sector

TaMo ties up with two firms to expand charging infra for electric CVs

Tata Motors on Wednesday said it has tied up with Delta Electronics India and Thunderplus Solutions to set up charging infrastructure for its range of electric commercial vehicles (CVs). As part of the MoU inked between the parties, 250 new fast-charging stations for electric commercial vehicles would be set up across the country. Strategically located in and around over 50 cities, including Delhi, Mumbai, Chennai, Bengaluru, Pune, and Kochi, among others, these new charging stations will significantly increase the existing network of 540 commercial vehicle charging points, Tata Motors said in a statement. Basis its understanding of the commercial EV movement, the commercial vehicle major will recommend optimal locations and nearest dealerships for setting up the fast-charging stations, the company said. While Delta Electronics will supply the necessary hardware, Thunderplus Solutions will install and operate them, it added. E-commerce companies, parcel and courier service provide

Tata Motors sets record date of Sep 1 for DVR conversion, share Issuance

Tata Motors on Monday issued a detailed notice intimating tax deductions applicable to various categories of investors

Auto companies Tata Motors, Ashok Leyland board the fully built bus boom

Financing, better after-sales services and stricter regulations fuel rising demand for FBUs

Global demand muted; gradual improvement expected in domestic market: TaMo

Tata Motors expects demand to remain sluggish in overseas markets this fiscal while pinning hopes on a gradual bounce back in the domestic market on the back of new launches and the upcoming festive season. Earlier this month, the Mumbai-based automaker reported a consolidated net profit of Rs 5,566 crore and total income of Rs 1,09,623 crore for June quarter. "Overall, from a demand perspective, we do anticipate that as far as the global demand is concerned, it is likely to remain muted. It has been that way. It's likely to remain muted. No immediate changes there," Tata Motors Global CFO PB Balaji said in an analyst call. In the domestic market, the company expects a gradual improvement in demand during the rest of the year aided by government plans to invest on infrastructure, healthy monsoons, favourable overall economic macros, new launches and upcoming festive period, he noted. "So there is a need for absolute reason why there is an optimism as far as the domestic demand buil

Tata Motors stock rises post Moody's ratings upgrade, positive outlook

Moody's said Tata Motor's two-notch rating upgrade with a positive outlook follows the company's sustained track record in achieving revenue growth, improving profitability and reducing debt.

Moody's upgrade Tata Motors' ratings by two notches, keeps outlook positive

Moody's Ratings on Wednesday said it has upgraded Tata Motors Ltd's corporate family rating by two notches to Ba1 from Ba3 citing sound governance practices, particularly the company's creditor-friendly financial policies, track record and management prudence. The ratings agency also said it has upgraded Tata Motors Ltd's (TML) senior unsecured instruments' ratings to Ba1 from Ba3. As per Moody's obligations rated Ba are judged to have speculative elements and are subject to substantial credit risk. Moody's said in a statement that it has also maintained the positive outlook on all ratings. "TML's two-notch rating upgrade with a positive outlook follows the company's sustained track record in achieving revenue growth, improving profitability and reducing debt using its large free cash flow despite its elevated capital expenditure to refresh its products," Moody's Ratings Senior Vice President Kaustubh Chaubal said. The latest rating action considers the impact of TML's sound ...

With new launch, Tata Motors takes on ICE vehicles in mid-size SUV segment

Priced Rs 17.49 lakh onwards, electric Curvv looks to take on Creta, Seltos

Tata Motors looks to ace last-mile delivery with a sub-600 kg SCV

The upcoming sub-600 kg four-wheeler small commercial vehicle (SCV) is also likely to take on three-wheeler dominance

Tata Motors, Tata Power partner to boost EVs, solar power adoption

Two Tata Group companies will provide comprehensive solutions that include the purchase of an electric vehicle and the installation of a solar rooftop system

JLR unlikely to leverage EV policy for now: Tata Motors on new EV policy

Expects incentives for 4W fleet to continue in FAME III

Demand, margin concerns likely to weigh on Tata Motors in near term

The prospects are good enough for analysts to marginally hike EPS estimates by 3 per cent or so for FY25. The stock trades at an estimated 19-20x of FY25 estimated EPS.

Hyundai, others lobby UP against hybrid support as Toyota rivalry deepens

Four separate company letters to Uttar Pradesh highlight the rivalry between automakers in a country where taxation is skewed in favour of EVs