Page 25 - Tata Motors

Tata Motors group hikes investment outlay to Rs 43,000 cr for new products

Tata Motors group has raised its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm Jaguar Land Rover absorbing the maximum share, according to a senior company official. In FY24, Tata Motors group had given a guidance of 3 billion pound investment for Jaguar Land Rover (about Rs 30,000 crore) and Rs 8,000 crore for Tata Motors -- a total of about Rs 38,000 crore. "Investment by JLR ended at 3.3 billion pounds (more than Rs 33,000 crore), and Tata Motors did more than Rs 8,200 crore. So, the total we ended was at about Rs 41,200 crore investment in FY24," Tata Motors Group CFO PB Balaji said in an earnings conference. Coming to FY25, he said, for JLR, the investment will be "more like 3.5 billion pounds, broadly Rs 35,000 crore, because all the product plans we had are coming together (next year)". He further said, "There is a phasing issue we are dealing (with), and these products have to (be) launched on time". For Tata Motors,

Tata Motors overtakes TCS as group's most profitable firm after 10 years

Despite this, TCS remains the most profitable firm in the Tata group in terms of annual profit

Tata Motors stock drops 8% as gloomy outlook overshadows Q4 show

The stock is the top loser on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)

Sensex dips 800 pts intraday, Nifty nears 21,800: Why is market falling?

The S&P BSE Sensex fell by 780 points or 1.07 per cent to hit an intraday low of 71,882.90 on May 13

Stuck in neutral? Tata Motors' upsides may sputter on demand worries

Automaker optimistic despite current roadblocks, banking on economic growth and government support to accelerate progress

Tata Motors Q4 results: PAT grows three-fold, India biz now debt free

For the full year, the auto giant posted a 12-fold jump in net profit to Rs 31,806 crore

Tata Motors Q4 results: Net profit rises over three-fold to Rs 17,407 cr

Tata Motors Q4FY24 results: The board of directors recommended a final dividend of Rs 6 per ordinary share of Rs 2 each (Rs 3 normal dividend and Rs 3 special dividend)

Here's how much royalty Tata Group companies will pay for the Tata name

Tata Group companies pay a brand subscription fee for the privilege of using the 'Tata' name. Here is how much they will need to pay now

Tata Motors Q4 Preview: Robust sales, low commodity prices to aid earnings

Analysts anticipate robust results for Tata Motors, propelled by the advantages of operating leverage, favourable commodity trends and strong volume growth across its various segments

Auto retail sales up 27% in April, passenger vehicles make record

Two-wheeler segment grows strongest due to 'positive impact' of elections, says FADA

Tata Motors tops Indian auto market with Punch Mini SUV, beats Maruti

In March 2024, Tata's Punch achieved a significant milestone by outselling Maruti's long-reigning WagonR, with 17,547 units compared to 16,368 sold by the latter

Mahindra, Tata Motors receive record number of patent approvals in FY24

Domestic automobile majors Mahindra & Mahindra and Tata Motors have received a record number of patent approvals for a wide spectrum of product and process innovations in the last financial year. Mahindra & Mahindra (M&M) received 674 approvals, its best-ever annual performance, while Tata Motors also witnessed the grant of 333 patents during the 2023-24 financial year. M&M said it has received a record 674 patents in 2023-24, with the majority coming in from the Indian Patent office. "We understand the importance of being future-ready; therefore, we have made significant R&D investments to ensure that we stay ahead of the curve in terms of technology and talent," M&M ED & CEO (Auto & Farm Sectors) Rajesh Jejurikar said. The auto major has so far been conferred 1,185 patents across multiple geographies. As of March 31, 2024, the company has 193 applications awaiting patent approval. Cumulatively, it has filed 2,212 patent applications to date. M&M's

Tata Motors' DVR conversion plan gets shareholders' nod with 99.8% votes

The shareholder approval will pave the way for Tata Motors to convert its shares with DVR into ordinary shares and thereby simplify its capital structure

Stocks to Watch, May 2: Tata Motors, Wipro, Vedanta, Jindal Stainless, BSE

Stocks to Watch on Thursday, May 2, 2024: Vedanta is looking to invest $20 billion in India across all its business over the next four years

Tata Motors receives tax demand of nearly Rs 25 cr; plans to file appeal

Tata Motors Ltd on Wednesday said it has received a tax demand of nearly Rs 25 crore, including penalty and interest, from authorities on account of short payment of tax and excess availment of credit. An order was passed on April 30, 2024, by the Sales Tax Officer Class II / AVTO Ward 204, Zone 11, Delhi and it was received on May 1, 2024, by the company confirming demand on account of short payment of tax and excess availment of credit under section 73 of the CGST/ SGST Act, 2017, Tata Motors Ltd said in a regulatory filing. The tax amount is Rs 14,25,68,173 with interest of Rs 9,14,15,704 and penalty of Rs 1,42,56,815. "Company is reviewing the order and will exercise the right to file appeal," Tata Motors said, adding that there is no material impact on financial and operational activities of the company on account of this order.

Hyundai's India unit, Tata Motors post higher April sales, Eicher sales dip

The sales numbers are seen as a key indicator of private consumption in India. The auto sector has more than 50% weightage in calculating the country's economic growth

M&M, Tata Motors, Maruti Suzuki: What is driving the rally in these stocks?

With 3XO's launch, M&M management aims to be among the top two players in the compact SUV segment over the course of three years

Tata Motors partners with South Indian Bank for commercial vehicle finance

Tata Motors on Monday said it has tied up with South Indian Bank to offer financing solutions to its commercial vehicle customers and dealerships. As part of the Memorandum of Understanding (MoU), South Indian Bank will offer financing solutions across the auto major's entire commercial vehicle portfolio, Tata Motors said in a statement. "For our customers, easy access to financing solutions for their commercial vehicles is one of the key priorities for their operations. Our alliance aims to empower fleet owners and dealerships to achieve their business goals," Rajesh Kaul, Tata Motors Commercial Vehicles Vice President & Business Head Trucks, said. Tata Motors sells an extensive range of sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, ranging in small commercial vehicles and pickups, trucks and buses. "Our collaboration with Tata Motors enables us to deliver seamless vehicle financing solutions to commercial vehicle dealers and ...

Proxy firms give up a thumbs up to Tata Motors DVR conversion plan

Move, they say, will simplify capital structure and eliminate price discount

Tata Passenger Electric Mobility bags order to supply 2,000 XPRES-T units

Tata Passenger Electric Mobility on Wednesday said it has secured an order to supply 2,000 units of XPRES-T electric sedans from integrated fleet electrification platform Vertelo. The company, a unit of Tata Motors, has inked a non-binding memorandum of understanding, with Macquarie managed Vertelo for the delivery of EV units. The company will begin deliveries of the cars to Vertelo in a phased manner, Tata Passenger Electric Mobility (TPEM) said in a statement. The company said with over 89 per cent market share in FY24, the fleet segment has seen a rapid adoption by corporates and institutions. "Such collaborations in the industry will further help strengthen our market position amidst India's EV revolution," TPEM Chief Commercial Officer Vivek Srivatsa stated. This partnership aims to bring together two business that are at the forefront of fleet electrification and decarbonisation in India, Vertelo CEO Sandeep Gambhir said. In July 2021, Tata Motors launched the 'XPRES' bran