Page 31 - Tata Motors

Weekend Bites: Another war, trouble in IT paradise, carmakers, 'those guys'

In which we munch over the week's platter of news and views

Indian Bank partners with Tata Motors arms to offer supply-chain financing

Public sector Indian Bank on Friday said it has partnered with subsidiaries of Tata Motors Ltd to offer inventory financing solutions through its digital supply-chain finance platform. As part of the collaboration with Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd, the Indian Bank would offer -- inventory financing solutions -- to the authorised dealers for the electric and passenger vehicles division. Indian Bank Executive Director Ashutosh Choudhury said, "We are delighted to partner with Tata Motors, a leader in the automotive sector. Indian Bank with 5,819 branches and trusted by over 10 crore customers is well positioned to provide solutions to Tata Motors Ltd in its rapid growth journey." Indian Bank Supply-Chain finance would provide easy access to working capital finance to the dealers of Tata Motors Ltd at favorable terms for driving their business growth, he said. "We are extremely elated to associate with Indian Bank for this financing ...

Tata Motors zooms 5% to fresh high; DVR shares jump 4% amid EV subsidy buzz

According to media reports, the government is working on a policy to support local manufacturing of electric cars, a decision likely to provide a level playing field for the industry

Govt mulls subsidising carmakers investing in local EV production

The government plans to extend incentives to carmakers based on the investments they make to manufacture cars locally, an official aware of the development said

Stocks to Watch: Infosys, HCLTech, Maruti, IDBI Bank, Tata Motors, Religare

Stocks to watch on October 13, 2023: Infosys has lowered its FY24 constant currency revenue growth guidance for a second time to 1.0-2.5 per cent from 1-3.5 per cent earlier

Tata Motors global wholesales up 7% in Q2, Jaguar Land Rover drives growth

Company sequentially posted a 6.3% rise in group global wholesales

TaMo drives in change on the shop floor; Women to comprise 25% of workforce

Tata Motors' TCF-2 plant in Pimpri, near Pune, already has 1,500 women on the shop-floor who assemble the sports utility vehicles Harrier and Safari

Tata Motors to upskill 50% of employees with new age auto tech in 5 years

Tata Motors on Thursday said it plans to equip over 50 per cent of its overall workforce with new-age auto tech capabilities within five years as part of its strategy to develop skilled and future-ready staff focused on electric vehicles and other emerging technologies in the auto industry. The company, which has over 57,000 employees across different functions, has collaborated with organisations such as ARAI, Bosch, Mathworks, SAE, and Tata Technologies, among others to provide its employees with professional certification programmes in connected, electric, shared and safe (CESS) through its upskilling programme. "A dynamically evolving industry like ours mandates consistent upskilling and training to remain ahead of the curve and future ready," Tata Motors Vice President HR, Passenger Vehicles and Electric Vehicles, Sitaram Kandi said. The company has specially curated training modules to address the requisite developmental needs of all -- from shopfloor technicians to line ...

Tata Motors' luxury vehicles arm JLR posts 21% rise in retail sales in Q2

Sequentially, both wholesales and retail sales increased

India lags peers in cost of electric vehicle ownership compared to ICE cars

EVs here cost 25% less as against 50% in the US, 41% in France and 29% in Germany

Passenger vehicle sales race to new high, GST mop-up above Rs 1.6 trillion

He pointed out that the year-on-year growth in September appeared somewhat "muted", primarily attributed to the substantial base effect

JLR aims to roll out 8 battery electric vehicles in India by 2030: Official

Tata Motors-owned Jaguar Land Rover (JLR) aims to launch eight battery electric vehicles (BEVs) in India by 2030, according to a senior company executive. The company currently sells one electric model -- Jaguar I-Pace -- in the country. In an interaction with PTI, JLR Chief Commercial Officer Lennard Hoornik said the automaker will commence taking orders for the Range Rover BEV for the Indian market next year with deliveries expected to begin in 2025. "We are planning to introduce at least 8 BEVs by the end of the decade in India," he noted. The British automaker, a wholly-owned subsidiary of Tata Motors since 2008, aims to become a net-zero carbon business globally by 2039. Terming the Indian market a "big strategic priority" for the automaker, Hoornik noted that the country is in the right direction when it comes to transitioning into electric mobility. He said subsidy push in the initial phase, setting up the right amount of charging infrastructure and having a great product

Tata Motors total sales in domestic market rise 2% to 80,633 units in Sept

Tata Motors Ltd on Sunday reported a 2 per cent rise in its total domestic vehicle sales at 82,023 units in September, as against 80,633 units in the same month last year. Passenger vehicle sales in the domestic market, including electric vehicles, were down 6 per cent at 44,809 units last month, as compared to 47,654 units in September 2022, Tata Motors said in a regulatory filing. Electric vehicle sales, including in international markets, were at 6,050 units as compared to 3,864 units in the year-ago month, a growth of 57 per cent. "Passenger vehicle sales remained strong in Q2 FY24 driven by new launches and pre-festive offtakes. Tata Motors posted quarterly sales of 1,38,939 cars and SUVs in Q2 FY24, about 2.7 per cent below our highest ever quarter, Q2 FY23," Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said. He further said, "Our EV business continues its strong momentum and has posted growth of about 55 per c

20% cars sold in metros run on alternate fuels; sales doubled in last 3 yrs

Given the growing acceptance of hybrid and electric vehicles, the combined share of diesel and petrol vehicles has taken a hit and gone down by 8.27% and 4.64% in urban and rural markets, respectively

Tata Motors inaugurates registered vehicle scrapping facility in Surat

India's leading automobile manufacturer Tata Motors on Saturday inaugurated its third registered vehicle scrapping facility (RVSF) in Surat with a capacity to recycle 15,000 vehicles per year. Named Re.Wi.Re Recycle with Respect,' the third RVSF in Surat -- set up after Jaipur and Bhubaneswar -- uses environmentally-friendly processes and has the capacity to disassemble 15,000 end-of-life vehicles safely and sustainably each year, it said in a statement. The RVSF is developed and operated by Tata Motors' partner Shree Ambica Auto to scrap end-of-life passenger and commercial vehicles of all brands, it said. "We are confident that these decentralised facilities will benefit our customers, foster economic growth, generate employment opportunities and fulfil the need of eco-friendly vehicle scrapping," Balaji said. Re.Wi.Re. is purpose-built for dismantling end-of-life passenger and commercial vehicles across all brands, with a focus on employing environmentally friendly practices.

Stocks to Watch on Sept 22: JSW Steel, Glenmark Life, Samhi, Zaggle, TaMo

Stocks to Watch today, September 22, 2023: Glenmark Pharmaceuticals Board has approved the divestment of a 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma for Rs 5,651 crore

Stocks to Watch: RIL, RR Kabel, Tata Motors, Bank of Maha, Bharat Dynamics

Stocks to Watch today, September 20, 2023: RR Kabel is set to debut at the stock exchanges on Wednesday, becoming the first entity to make a T+2 listing

Tata Motors to raise CV prices by up to 3%, third price hike in 2023

The company previously raised prices by 1.2% in January and by 5% in March to ensure its vehicles comply with the new emission norms

Strong domestic EV play and JLR sales positives for Tata Motors stock

A key factor is that JLR reported increased sales for Q1FY24 reflecting continuing improvement in chip and other supply constraints

Sensex extends winning run into 11th day, gains 320 pts; Nifty nears 20,200

CLOSING BELL ON SEPTEMBER 15, 2023: The BSE Sensex hit a new life-time high at 67,927, and the Nifty registered a peak at 20,222 on Friday