Page 28 - Tata Motors

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

Stocks to Watch: Infy, Bajaj Auto, HDFC Life, ICICI Sec, ITC, SpiceJet

Stocks to watch on Friday, April 19: Balrampur Chini, Bandhan Bank, Exide, GNFC, Hindustan Copper, Metropolis, National Aluminium, Primal Enterprises, SAIL and Zee among 11 stocks in F&O ban today.

Tata Motors plans Jaguar Land Rover EV imports to India under new policy

Tesla is also expected to start importing its cars to India and make an investment in the country

Tata Motors to use new $1 bn TN plant to make Jaguar Land Rover cars

Tata Motors announced plans to invest in a new plant in Tamil Nadu in March but did not give details on which models would be manufactured there

Musk vs the rest: Who will be Tesla's biggest competitors in India?

Elon Musk is set to visit India and meet PM Modi. With the likelihood of a Tesla plant coming up in India, which are the EV makers they will compete with? Here is a list

Tata Motors: Positives fully priced in, analysts still upgrading the stock

Company expects to improve EV penetration and expand margins in CV segment

Passenger vehicle wholesales up 8.4% at 4,218,746 units in FY24: Siam

Passenger vehicle wholesales in India rose by 8.4 per cent year-on-year to 42,18,746 units in financial year 2023-24, industry body SIAM said on Friday. The overall passenger vehicle dispatches stood at 38,90,114 units in fiscal year 2022-23. Two-wheeler sales were up 13.3 per cent last fiscal at 1,79,74,365 units, as compared to 1,58,62,771 units in the financial year 2022-23. Vehicle sales across categories rose by 12.5 per cent to 2,38,53,463 units in the period under review, as against 2,12,04,846 units in fiscal year 2022-23.

Tata Motors and Shell partner to expand EV charging network in India

This collaboration is expected to address the challenge of limited charging infrastructure, which is a major hurdle for the wider adoption of electric vehicles in India

Tata Motors-owned JLR India sales rise 81% at 4,436 units in FY24

Tata Motors-owned Jaguar Land Rover (JLR) on Wednesday reported an 81 per cent jump at 4,436 units in its retail sales in India in the fiscal ended March 31, 2024. The year-on-year growth of 81 per cent represents one of the best performances in the market since the company's launch in India in 2009 and its highest in the last five years, JLR India said in a statement. Retail sales of SUVs, Range Rover, and Defender continued to grow with year-on-year increases of 160 per cent and 120 per cent respectively, it added. The newly launched 2024 model year 'Discovery Sport' and 'Range Rover Evoque' grew by 50 per cent and 55 per cent year-on-year respectively, the company said. JLR India Managing Director Rajan Amba said during the past year, JLR India achieved a series of retail sales records, resulting in a strong full year position for the year ended March 31, 2024. "We remain confident in our strategy and vision for the years to come. The positive gains we have made in the last yea

Motilal Oswal trims price target on TaMo, sees 4% downside, Here's why

MOFSL said the revised price highlights expectations of stabilising growth in the near future due to moderate volume growth in domestic passenger and commercial vehicle industries

Tata Motors reports 11% increase in JLR Q4 sales to 114,038 units

Full-year sales for the financial year 2024 also climbed 22% to 431,733 units, the company said in a statement

Tata Motors' total domestic wholesales rise 2% to 90,822 units in March

Tata Motors on Monday reported a 2 per cent rise in its total domestic wholesales at 90,822 units in March. In the year-ago period, the company posted total domestic wholesales of 89,351 units. Sales of passenger vehicles, including electric vehicles, in the domestic market, were at 50,297 units in March as compared to 44,225 units in the same period last year, up 14 per cent, it added. Total commercial vehicle dispatches in the domestic market last month stood at 40,712 units, down 10 per cent as against 45,307 units in March 2023. For the fiscal ended March 31, 2024, the company said its total wholesales in the domestic market stood at 9,49,015 units, up 2 per cent from 9,31,957 units in 2022-23. Last fiscal, passenger vehicle wholesales stood at 5,73,495 units, up 6 per cent from 5,41,087 units in FY2022-23. Commercial vehicle dispatches in the domestic market declined by 4 per cent to 3,78,060 units last fiscal from 3,93,317 units in the year-ago period. "In FY24, the compan

Bajaj Auto, TaMo: Strategies for Nifty50 stocks that doubled in FY24

4 out of the Nifty50 stocks zoomed over 100 per cent in FY24; as per technical charts, here's are the key levels that should be closely monitored.

Tata Motors unit, HPCL partner to install 5,000 EV charging stations

Tata Passenger Electric Mobility on Wednesday said it has tied up with Hindustan Petroleum Corporation Ltd to set up 5,000 public charging stations across the country by the end of the year. The collaboration will leverage Hindustan Petroleum Corporation Ltd (HPCL's) fuel station network and company's insights from over 1.2 lakh Tata EVs on Indian roads, to set up chargers at locations frequently visited by Tata EV owners, Tata Passenger Electric Mobility (TPEM), a unit of Tata Motors, said in a statement. Both entities have inked an Mou in this regard, it added. The companies are also exploring the introduction of a convenient payment system through a co-branded RFID card, which will make the charging experience hassle-free. HPCL has a nationwide network of over 21,500 fuel stations and aims to install 5,000 electric vehicle charging stations by December 2024. "This strategic partnership with HPCL emphasises our dedication to advancing India's EV ecosystem in which the growth of

Tata powers Rekha Jhunjhunwala's portfolio in 2024; outperforms markets

Of top 10 companies in Rekha Jhunjhunwala's portfolio total 8 stocks have given positive returns; while Metro Brands and Fortis Healthcare recorded negative returns of 11 per cent and 4 per cent

Tata Cummins starts new facility for hydrogen-based engines in Jamshedpur

Apart from the engines, the factory will also manufacture low to zero-emission technology products

Your Ultimate Guide to the Tata Altroz's Top Model: Features, Price, and More

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Tata Motors opens new registered vehicle scrapping facility near Delhi

This new facility follows the success of the company's four existing RVSFs located in Jaipur, Bhubaneswar, Surat, and Chandigarh

PV or CV at TN plant? Tata Motors will take a call based on market trend

Tata Motors and the Tamil Nadu government signed a memorandum of understanding on Wednesday to set up a manufacturing unit in Ranipet near Vellore with an investment of Rs 9,000 crore

Stocks to Watch, March 14: RIL, Gopal Snacks, TaMo, Federal Bank, HAL, KEC

Stocks to Watch on Thursday, March 14: Gopal Snacks' shares will debut on the stock exchanges on Thursday at an issue price of Rs 401 apiece