Page 29 - Tata Motors

Domestic PV sales set to exceed 5mn; TaMo set to tap growth opportunity

Domestic passenger vehicle segment is expected to cross the 50 lakh-mark of annual sales over the next few years and Tata Motors is geared up to tap into this growth opportunity, according to Tata Group Chairman N Chandrasekaran. In a message to the company's shareholders in Annual Report for 2023-24, he noted that the company will focus on revenue growth and strong free cash flows across its businesses going ahead. "India is well on track to exceed the 5 million vehicle sales mark in passenger vehicles over the next few years from the 4.1 million volumes clocked last year," Chandrasekaran said. India's vehicle penetration, at about 30 vehicles per 1,000 population, is well below global norms and is expected to continue to increase, he noted. "Tata Motors is well placed to further strengthen its market position and tap into this growth opportunity," Chandrasekaran stated. Elaborating on the passenger vehicle segment, he stated that in the next phase the business will focus on ..

M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data

May auto sales preview: Nomura analysts expect passenger vehicle (PV) wholesales to grow by 6 per cent on a year-on-year (Y-o-Y) basis to 355,000 units.

Expect sales to grow faster than industry this fiscal: JLR India official

Tata Motors owned Jaguar Land Rover expects to grow faster than the luxury car segment this fiscal, as it bolsters localisation and expands product range, according to a top company executive. The company, which is set to commence local assembly of Range Rover and Range Rover Sport in India, witnessed a sales growth of 81 per cent in 2023-24 fiscal year at 4,436 units, as compared to FY23. The automaker aims to double its business in India over the next three years. "The luxury car segment grew in the range of 20-25 per cent last fiscal. We expect that the growth rate will remain in this range for the next couple of years. And we anticipate to beat this growth rate," Jaguar Land Rover (JLR) Managing Director Rajan Amba told PTI in an interaction. Initiatives like enhanced localisation of products, which would lead to reduction in prices and expansion of sales network in the country would help the company in growing faster than the industry, he added. Citing reports, Amba noted tha

India to make JLR's Range Rover for first time, delivery starts May 24

Prices of 'flagship car' and its sport variant will reduce by 18-22%, say senior executives of Tata Motors-owned company

TaMo's arms partners with Bajaj Finance to provide financing to dealers

Tata Motors on Monday said its passenger vehicles and passenger electric mobility subsidiaries have tied up with Bajaj Finance for providing supply chain finance solutions to their respective dealers. Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), subsidiaries of Tata Motors, have joined hands with Bajaj Finance to extend supply chain finance solutions to its passenger and electric vehicle dealers, the company said in a statement. Under a Memorandum of Understanding (MoU), the participating companies will come together to leverage Bajaj Finance's wide reach to help dealers of TMPV and TPEM access funding with minimal collateral, it added. The partnership with Bajaj Finance will further strengthen the access of the dealer partners to increased working capital, TPEM CFO and TMPV Director, Dhiman Gupta said. "Through this financing programme, we will arm TMPV and TPEM's authorised passenger and electric vehicle dealers with financial capital, which

Tata Motors to invest Rs 43,000 crore in products and technologies in FY25

Analysts expect JLR margins to remain stable

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