Tata Motors on Friday delivered a prototype of its indigenously-developed electric bus to the Bengaluru Metropolitan Transport Corporation. The Bengaluru Metropolitan Transport Corporation (BMTC) has placed an order for 921 advanced e-buses with the auto major, Tata Motors said in a statement. As part of the larger order signed between TML Smart City Mobility Solutions Ltd -- a wholly-owed subsidiary of Tata Motors -- and BMTC, the company will supply, operate and maintain 921 units of 12-metre low-floor electric buses for 12 years, the statement said. The bus is equipped with modern features, providing commuters a hassle-free travel experience, Asim Kumar Mukhopadhyay, managing director and chief executive officer at TML Smart City Mobility Solutions Limited, said. To date, Tata Motors said it has supplied over 900 e-buses across multiple cities in the country.
Cancellation of ordinary shares to attract three levels of taxes
The Mumbai-headquartered firm has applied for all variants of the Tiago, which recently hit a sales milestone of 10,000 units
CLOSING BELL ON JULY 26, 2023: The NSE Nifty rallied 98 points to 19,778; IT and bank stocks gained ground, while M&M and Bajaj twins slipped on Wednesday.
Tata Motors has planned an investment of Rs 8,000 crore in FY24
CNG variants of the Punch are likely to cost Rs 50,000 to Rs 100,000 more than the regular petrol variants
The board of the automotive major approved a scheme whereby 7 ordinary shares of the company will be issued for every 10 A-shares held, and all its outstanding A-shares will stand cancelled.
Tata Motors is likely to trade with a positive bias, with an upside target of around Rs 660; while Larsen & Toubro may witness some profit-taking in the near-term.
Stocks to watch on July 26, 2023: Tata Motors announced the cancellation of its DVR shares. Under the scheme, 7 ordinary shares of the company will be issued for every 10 DVR shares
Outlines Rs 38K crore capex for the year
The market value of outstanding Tata Motors DVR is nearly Rs 19,000 crore, while the market value of ordinary shares is Rs 2.12 trillion
The company will issue seven ordinary shares for every 10 'A' ordinary shares, implying a 23% premium on the previous day's closing level of 'A' ordinary shares, Tata Motors said
CLOSING BELL ON JULY 25, 2023: The NSE Nifty ended 8 points higher; Tata Steel and JSW Steel were the major gainers on Tuesday.
The commercial vehicle volumes were lower by 15% over the prior year due to the transition to BS-VI Phase-2
So far this calendar year (CY23), shares of Tata Motors jumped 61 per cent, as against a 9.6 per cent surge in the S&P BSE Sensex
Tata Motors has launched the two latest variants of Altroz - XM and XM(S); both come with a 1.2-litre Revotron petrol engine and will be positioned between the Altroz XE and the XM+
JLR, Tata Motors to be anchor customers of EV battery unit
The Exter comes with many segment-first features which include a voice-enabled sunroof, dashcam, and six airbags across all the variants
CLOSING BELL ON JULY 10, 2023: Reliance alone contributed 302 points to the BSE Sensex as the stock finished 3.8 per cent higher. The NSE Nifty 50 was up 24 points at 19,356 on Monday.
Maruti Suzuki has clarified that it will not get into diesel vehicles and instead focus on developing and introducing CNG and strong hybrid vehicles