Page 29 - Tata Motors

WBIDC moves HC challenging arbitration award to TaMo over Singur plant

The West Bengal Industrial Development Corporation (WBIDC) on Monday moved the Calcutta High Court, challenging an arbitration award to Tata Motors Ltd on account of loss of capital in investments made in the abandoned car manufacturing plant at Singur. The court of Justice Mousumi Bhattacharya, before which applications by WBIDC for a stay on the award and an appeal challenging the arbitration award were listed for hearing, released both the matters on Monday. These will be placed before the Chief Justice of the high court for fresh listing before another bench. In its appeal, WBIDC claimed that it had been denied equal opportunity during the hearings before the arbitral tribunal. The corporation said it was not given full opportunity to present its case before the three-member tribunal. Following stiff resistance by the Trinamool Congress, led by then opposition leader Mamata Banerjee, alleging forcible acquisition of farmland, Tata Motors had announced pulling out of the Singur

Eye on affordability? Tata Motors latest to slash prices of electric cars

Company say it is passing on benefits of reduced battery prices, keeps Punch cost unchanged

Tata cuts EV prices by up to Rs 1.2 L to pass on battery price reduction

Indian automaker Tata Motors' electric vehicle (EV) unit on Tuesday said it reduced prices of its cars by up to 1,20,000 rupees ($1,445.54) to pass on battery price reduction benefits to its customers

Top 5 SUVs sold in January 2024, Tata Punch tops chart; check the full list

Top 5 SUVs sold in January 2024: Tata Punch sold the highest number of SUVs in India in January 2024. The company sold around 17,978 units last month

Valuation surge

Turnaround in Tata Motors is driving share prices

Tata Motors hits new high, surges 7% on robust December quarter results

The auto major's Q3 net profit beat analyst estimates, growing by 137 per cent YoY to Rs 7,025 crore on favourable volumes, reduced costs on component sourcing with easing semiconductor chip supplies.

Tata Motors Q3 results: Net profit jumps 137% to Rs 7,025, revenue up 25%

The company remains upbeat on all three auto businesses and expects to do better in Q4

LIVE: Govt making policies keeping in view needs of people, says PM Modi

Latest news LIVE Updates: Catch all the breaking news across the globe here

PLI will be among biggest sources of funds for EV biz next yr: Tata Motors

Balaji said that PLI benefits would range from 13 to 18 per cent of revenue for vehicles that are approved by the government for PLI

More people choosing lower EV variants, 'range anxiety' improves: TaMo

People realising they are going to use electric cars in the city, says a senior executive

Air India appoints Ravindra Kumar as chief human resources officer

Air India on Friday said Ravindra Kumar G P will take over as the airline's Chief Human Resources Officer (CHRO) from April 1. Kumar, who is currently with Tata Motors, will replace Suresh Dutt Tripathi who is retiring from the airline. "Following a long career with General Electric Company, the last four years of which as CHRO for South Asia, Ravi joins from Tata Motors Ltd where he has held the role of President & CHRO since 2018," the airline said in a release. Kumar will report to Air India CEO and MD Campbell Wilson. "At the same time as welcoming Ravi, we acknowledge the outstanding contribution of Suresh who, upon Air India's privatization, answered the call and has played a vital role over the last two years," Wilson said. Tata group took over the reins of loss-making Air India in January 2022.

Tata Motors Q3 results: Profit rises over 2-fold on strong JLR sales

Consolidated net profit rose to Rs 7,025 crore ($847.7 million) in the three months ended Dec. 31 from a year earlier

Tata Motors total vehicle sales climb 6% to 86,125 units in January

Tata Motors on Thursday said it has reported a 6 per cent year-on-year increase in its total vehicle sales (including international markets) at 86,125 units in January. The company had sold a total of 81,069 vehicles in January last year, according to a statement. During the last month, total domestic sales stood at 84,276 units as against 79,681 units in January 2023, logging a 6 per cent year-on-year growth. At the same time, total commercial vehicle sales declined 2 per cent to 32,090 units in the previous month from 32,780 vehicles in January last year, it said. The total passenger vehicle domestic sales, including EVs, grew 12 per cent to 53,633 units in the month as compared to 47,987 vehicles a year ago.

After 7 yrs, TaMo pips Maruti Suzuki to become most valuable auto company

The combined market cap of Tata Motors (Rs 287,327 crore) and Tata Motors DVR (Rs 29,226 crore) stood at Rs 3.16 trillion

Tata group and France's Airbus to manufacture helicopters together

India and France have firmed up a defence industrial partnership roadmap that would provide for co-development and co-production of key military hardware and platforms and facilitate technology collaboration in a range of areas including space, land warfare, cyberspace and artificial intelligence. Foreign Secretary Vinay Kwatra, announcing key outcomes of the talks between Prime Minister Narendra Modi and French President Emmanuel Macron in Jaipur last night, also said the Tatas and Airbus Helicopters have entered into a partnership for production of H125 choppers with significant indigenous components. At a media briefing Friday, Kwatra said the India-France defence industrial roadmap would also facilitate cooperation in areas of robotics, autonomous vehicles and cyber defence. He said an MoU was sealed between New Space India Ltd and France's Arianespace for cooperation in satellite launches. Modi and Macron also deliberated on the conflict in Gaza and its various dimensions ...

Tata Motors to commence EV production at Sanand plant from April 2024

Tata Motors plans to commence production of electric vehicles at the Sanand plant, acquired from Ford India, from April this year, as per a top company official. Tata Passenger Electric Mobility Ltd, a unit of Tata Motors, acquired the facility from Ford India for Rs 725.7 crore in January last year. "We are planning to commence electric vehicle production at Sanand with Nexon EV from April," Tata Motors Passenger Vehicles MD Shailesh Chandra told PTI. The company has already commenced production of internal combustion engine-powered versions of the Nexon at the manufacturing plant with an installed capacity of 3 lakh units per annum. It can be further scaled up to 4.2 lakh units per annum. Chandra said the company is also looking to produce upcoming models at the facility. When asked about the company's product pipeline, he said that Curvv EV would be introduced around the second or third quarter of this calendar year. "We are also hoping that by the fag-end of this year, we sh

Tata Motors announces 0.7% price hike on passenger vehicles from Feb 1

The automotive industry has witnessed a trend, with various manufacturers resorting to similar price hikes in the early months of FY24

Tata Motors to hike passenger vehicle prices, including EVs, from Feb 1

Tata Motors on Sunday said it will increase prices of its entire passenger vehicle range, including EVs, by an average of 0.7 per cent with effect from next month. This increase will be effective February 1, 2024, and is being taken to partially offset the rise in input cost, Tata Motors said in a statement. The company sells a range of passenger vehicles including Punch, Nexon and Harrier.

Zero-emission cars can tackle air pollution, cut oil imports: Tata Motors

Only zero emission cars can contribute towards a reduction in air pollution, cutting burgeoning fuel imports and attaining net zero targets, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. Amid demands from a certain section of the industry to cut taxes levied on hybrid cars, Chandra said that such vehicles do not align with the key national objectives of achieving net carbon-zero target, improving air quality levels, and reducing fossil fuel imports. He noted that hybrid and CNG technologies in cars help in improving fuel efficiency and meeting emission-related regulatory compliances but cannot be compared with pure battery electric vehicles. In an interaction with PTI, Chandra said that the government already supports hybrid vehicles in terms of lower taxation and there is no need to bring those at par with electric vehicles. He noted that hybrid cars cannot be compared with EVs as they essentially run on polluting "fossil fuel". Chandra said that

Tata Passenger Electric Mobility nears break-even: MD Shailesh Chandra

He talks about how the company is focusing on going fully electric and moving away from petrol and diesel powertrains