Page 27 - Tata Motors

Tata Motors becomes 3rd Tata group firm to cross Rs 3-trillion market cap

A combined market cap of Tata Motors (Rs 273,985 crore) and Tata Motors DVR (Rs 27,940 crore) touched Rs 3.02 trillion in intra-day trades on Tuesday.

Tata Motors begins production at new Sanand plant acquired from Ford

The new facility is spread over 460 acres and is adjacent to Tata Motors' existing passenger vehicle facility in Sanand

Tata Motors commences production at Sanand plant it acquired from Ford

Tata Motors on Friday said it has commenced production at its new production facility at Sanand in Gujarat. Tata Passenger Electric Mobility Ltd, a unit of Tata Motors, had acquired the facility from Ford India for Rs 725.7 crore in January last year. "We have successfully retooled the factory in the shortest span of 12 months, taking it to a new level to accommodate a wide range of existing products and future new models to come," Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility (TPEM) MD Shailesh Chandra said in a statement. The facility will play a pivotal role in steering Tata Motors, especially TPEM, towards achieving newer feats, he added. "With existing capacities near saturation, this new facility will unlock an additional manufacturing capacity of 3 lakh units per annum which is scalable to 4.2 lakh units per annum," Chandra said. The plant, which would be the company's second in Gujarat, would roll out both Internal Combustion Engine (ICE) and electric

Tata Motors rides high on Jaguar Land Rover volume, margin expectations

The main trigger for the stock is the volume trajectory for JLR. Its wholesale volumes in the December quarter, excluding China joint venture, grew 27 per cent over year ago quarter to 101,043 units

Tata Motors global wholesales up 9% to 338,177 units in December quarter

Tata Motors on Tuesday said its global wholesales, including that of Jaguar Land Rover, rose 9 per cent year-on-year to 3,38,177 units in the December quarter. Global wholesales of Tata Motors' commercial vehicles and Tata Daewoo range in October-December period of FY24 were at 98,679 units, up 1 per cent over third quarter of FY23, the company said in a regulatory filing. The company's global sales of all passenger vehicles, including electrical vehicles, were at 1,38,455 units, up 5 per cent year-on-year. Global wholesales for Jaguar Land Rover were 27 per cent higher at 1,01,043 units. Jaguar wholesales for the quarter stood at 12,149 vehicles, while Land Rover wholesales for the quarter were at 88,894 vehicles.

Tata Power Renewable Energy plans to invest Rs 70,800 cr in Tamil Nadu

Tata Power Renewable Energy Ltd (TPREL) plans to make investments worth Rs 70,800 crore for renewable energy projects in Tamil Nadu. The company, part of Tata Power, has signed two Memoranda of Understanding (MoUs) with the Tamil Nadu government to support the development of the state's renewable energy landscape and accelerate the country's clean energy transition, a regulatory filing said on Tuesday. The MoUs were signed on Monday. Under the first MoU, TPREL plans to explore opportunities to develop 10,000 MW of renewable energy power projects across solar, wind, hybrid, RTC (Round The Clock), peak, Firm and Dispatchable Renewable Energy (FDRE) over the next five to seven years. These renewable projects will be located over 50,000 acres of land in Tamil Nadu with an investment potential of nearly Rs 70,000 crore. This initiative has the potential to generate around 3,000 green job opportunities, according to the filing. The second MoU is to increase the investment commitment to

Bajaj Auto, IndiGo, Zee: Trading strategies for stocks in news on Tuesday

Zee Entertainment is seen trading below its key moving averages on the daily scale following today's sharp intra-day fall of over 13 per cent, shows chart.

Stocks to Watch: Bajaj Auto, Metropolis, Zee Entertainment, Fino Payments

Stocks to Watch on January 9, 2024: Sony Group Corp is planning to call off the merger pact of its India unit with Zee Entertainment, reported Bloomberg

Jaguar Land Rover Oct-Dec quarter wholesales up 27% at 101,043 units

Tata Motors-owned Jaguar Land Rover on Monday reported a 27 per cent rise in total wholesales at 1,01,043 units in the third quarter ended December 31, 2023, as compared to the year-ago period. Jaguar Land Rover (JLR) delivered the highest wholesales in 11 quarters during the period, a statement by JLR shared on BSE by Tata Motors said. Year-to-date wholesales for FY24 were 2,91,113 units, up 28 per cent year-on-year, it added. The order book continues to reflect strong demand for JLR products with 1.48 lakh client orders at the end of the third quarter. This has reduced from 1.68 lakh at the end of the second quarter, reflecting increased order fulfilment to clients and resulting in improved client waiting times for the vehicles, JLR said. Demand for Range Rover, Range Rover Sport and Defender remains particularly strong, representing 76 per cent of the order book, it added.

Different shades: Black is the new white for car buyers in India

In 2021, only 14.8 per cent of the cars sold in India were black. That increased to 15.5 per cent in 2022 and further to 19.5 per cent in 2023

Tata Motors introduces first pure EV architecture called 'acti.ev'

"Punch.ev will be the first product based on this pure electric architecture, which will spawn a variety of products with multiple body styles and sizes," the company's statement noted

Tata Passenger Electric Mobility plans to roll out over 5 EVs in 18 months

Tata Passenger Electric Mobility plans to bring in more than five products in the next 18 months on its first advanced pure electric vehicle architecture 'acti.ev'. The company on Friday said the 'Punch.ev', the electric version of its compact SUV Punch, will be the first product based on its first pure EV architecture, acti.ev. The acti.ev platform will underpin future products from the Tata Passenger Electric Mobility (TPEM) portfolio and spawn a variety of products with multiple body styles and sizes, the company said in a statement. On a promotional video of the acti.ev platform, the company said it plans "five-plus products in the next 18 months". TPEM Chief Products Officer, Head of HV Programs and Customer Service Anand Kulkarni said, "This architecture has been meticulously designed to enable class-leading efficiencies, maximising space, and battery capacity and enhancing the overall driving experience. acti.ev is a global-ready, future-facing pure electric architecture tha

Tata Motors domestic sales rise 4% in Dec; EV sales rise 21% in Q3FY24

Tata Motors' passenger vehicles remained in strong demand including preference for emission-friendly products in the domestic market, the company said

From chip makers to car cos, global firms flocking to Gujarat: Officials

Though Gujarat has only about six per cent of India's geographical area and nearly five per cent of the population, the state has become an engine of the country's development with world-renowned firms coming here for business, according to officials. As per the official website of the Vibrant Gujarat Global Summit (VGGS), the state has over 200 industrial estates with close to 100 private industrial parks. The 10th edition of VGGS, the state's biennial investors' meet, is scheduled to be held next month in the capital Gandhinagar. To further strengthen sector-specific investments and infrastructure, the state has also announced several sector-specific industrial parks, said the website. I have always said that the development of the country depends on the development of Gujarat. The world's largest multinational companies, including 100-plus Fortune 500 global companies, are operating in the state. These include Suzuki, Honda, Hitachi, Toyota, and many more" said Prime Minister ..

This Sensex, Nifty50 stock from Tata Group has zoomed over 100% in 2023

Shares of Tata Motors hit a new high at Rs 801, and have zoomed 107 per cent so far in the calendar year 2023.

Year ender 2023: Top auto launches of the year and what to expect in 2024

In 2023, Maruti Suzuki launched the Baleno-based crossover, Fronx, Brezza's facelift, and an all-new Grand Vitara in the SUV space and grabbed more than 50% share of the segment

Stocks to Watch: Adani Group, TaMo, SJVN, Power Grid, Axis Bank, Zee Learn

Stocks to watch on Wednesday, December 27, 2023: Shares of Adani Group and three debutants' namely Happy Forgings, Mufti Menswear and RBI Jewellers likely to be in focus today.

Tata Motors bags order to provide 1,350 diesel bus chassis to UPSRTC

Tata Motors has supplied over 58,000 buses to various state and public transport undertakings to date

Tata inaugurates first EV-only stores in Gurugram; public opening on Jan 7

The showrooms also provide testimonials from current EV owners who talk about the challenges they have faced and myths about owning an EV

Tata Motors gains 3% on nod for DVR share conversion; soars 88% in 2023

The stock exchanges have granted the company 'no objection' to the cancellation of Tata Motors DVR shares