The board of the company approved the demerger of the Tata Motors into two separate listed companies. The company revealed that the demerger will conclude in the next 12 to 15 months.
The revenue from operations for the April-June quarter was up 5.7 per cent to Rs 107,316 crore
The transaction is subject to necessary shareholders, creditors, and regulatory approvals, which can take around 12-15 months to complete
Completion of the scheme is contingent on obtaining necessary shareholder, creditor, and regulatory approvals, anticipated to take 12-15 months
The fall in the share price came on the back of weak sales in July 2024.
Nifty 20K-25K top movers: Bajaj Auto has zoomed 100% since Nifty hit 20K on September 11, 2023. BPCL, Coal India, Mahindra & Mahindra, ONGC, Tata Motors and Hero MotoCorp other major Nifty 50 gainers.
Earlier this year, Tata Motors announced that it would form two separate companies, with one housing the commercial vehicles business and the other passenger vehicles businesses, including JLR
In the past week alone, Tata Motors' stock has climbed 18 per cent following an upgrade from brokerage firm Nomura, which set a 'Buy' rating and a target price of Rs 1,294 per share.
Tata Motors share price: Thus far in calendar year 2024, Tata Motors share price has outperformed the market by surging 51 per cent
Curvv will be launched with the EV version, and within a month the ICE versions will come. EV customers also want a higher range
Over 400 acres zeroed in at Panapakkam, 90 km from Chennai
Tata Motors is currently the second-most valuable company in the salt-to-software Tata Group after Tata Consultancy Services
On the bourses, Tata Motors stocks were buzzing in trade after several brokerages raised the target prices. The stock rallied as much as 3.82 per cent to hit a fresh record high of Rs 1,067 per share.
A total of 4.2 million passenger vehicles were sold in India in the fiscal year ended in March, according to the Society of Indian Automobile Manufacturers
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Move came a day after UP government waived registration fees on strong hybrid cars
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CV sales up, passenger vehicles dip slightly; JLR growth strong
Some brokerages foresee growth via higher market share, prices, margins
Long build up is seen in the Tata Motors Futures where we have seen 2 per cent (Prov) rise in Open interest with price rising by 2.31 per cent