Page 22 - Tata Motors

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.

From Tata Motors-JLR to Ford: Tamil Nadu's EV ecosystem expands in 2024

In the two-wheeler sector, three out of the top five EV manufacturers-Ola Electric, TVS Motor, and Ather Energy-are already based in the state

Tata Motors taps used car market to boost electric vehicle resale, exchange

The company has the largest car park in EVs in India, estimated to be around 170,000 units. As a pilot, the company has already started work with used online car marketplace Spinny

PN Gadgil jumps 64% on debut; Tata Motors DVR cancellation nears completion

Tata Motors DVR sold 11.5 million new ordinary shares on stock exchanges on Tuesday

Tata Motors, JLR to make EVs in India for the world: Chandrasekaran

'Will bring together cost attitude of Tata Motors with the design and sophistication of JLR'

Tata Motors dips 3% on heavy volumes; stock down 13% so far in September

TML Securities Trust sold 11.5 million new ordinary shares on the stock exchanges today for the purpose of distribution of fractional share entitlement as well as towards tax liabilities.

Tata Power up as its arm ties up with Tata Motors for EV charging stations

Tata Power EV Charging Solutions and Tata Motors will set up 200 fast-charging stations for electric commercial vehicles in all metros cities

Tata Motors, M&M, MS: Nomura's top bets as Govt launches PM E-DRIVE

Nomura believes Govt's launch of the PM E-DRIVE scheme will extend policy support certainty for EV over the next two years

Maruti to M&M, carmakers in the fast lane to roll out festival discounts

Based on industry data, the average discounts by the top 13 players in 2023 were Rs 34,630, which increased to Rs 38,816 so far in 2024

Tata Power arm to set up 200 fast charging stations for commercial EVs

Tata Power Renewable Energy arm Tata Power EV Charging Solutions and Tata Motors have signed an initial pact to set up 200 fast-charging stations for electric commercial vehicles in all metros cities, a statement said on Thursday. The strategic move expands their ongoing collaboration, in providing sustainable mobility solutions, with a focus on easy charging solutions for small electric commercial vehicles, the statement said. Tata Power EV Charging Solutions under the MoU will set up 200 fast-charging stations for electric commercial vehicles in all metros cities viz. Mumbai, Delhi, Chennai, Bengaluru, Kolkata. Tata Motors and Tata Power will provide exclusive charging tariffs for Tata Motors' electric CV owners, resulting in lower operating costs and increased profitability for its customers, the statement said. Electric commercial vehicle users, across the country, will soon benefit from access to almost 1000 strategically located fast chargers, with the planned expansion of t

PM E-DRIVE scheme to aid faster adoption of EVs in India: M&M, Tata Motors

Home-grown auto majors Mahindra & Mahindra and Tata Motors on Thursday hailed the PM e-drive scheme, saying it would help in higher adoption of electric vehicles in the country. On September 11, the Union Cabinet approved two major schemes with a total outlay of Rs 14,335 crore to promote the use of electric vehicles, including buses, ambulances and trucks. The two schemes are the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. "With continued focused support on 2Ws, 3Ws, e-buses and the thoughtful addition of e-ambulances, the scheme will drive higher EV penetration in the country," Mahindra & Mahindra Managing Director Anish Shah said in a statement. Investments laid out for fast charging infrastructure for all segments will help in increasing consumer confidence for faster adoption of ..

Tata Motors, MG offer free charging, battery rentals to lure EV buyers

The price cuts and other offers were a 'step towards mainstreaming EVs and accelerating EV adoption'

Tata Motors shares slip 6% after UBS maintains 'sell' with target of Rs 825

With Wednesday's correction, the stock of the automobile company has plunged 17 per cent from its record high level of Rs 1,179.05 on July 30, 2024