Page 34 - Tata Motors

Moody's upgrades Tata Motors' ratings to Ba3; outlook remains positive

It also upgraded Jaguar Land Rover Automotive Plc's (JLR) CFR to "Ba3" from "B1"

Singur saga: TaMo's arbitration award roils political waters in West Bengal

The SC verdict triggered the compensation clause for Tata Motors

Tata Motors surges over 4% on healthy Q2 results; DVRs hits new high

The company's earnings before interest, tax, depreciation, and amortisation (Ebitda) during Q2 was Rs 13,767 crore, up from the Rs 5,571 crore in the second quarter last financial year

Tata Motors shares settle nearly 2% higher after posting Q2 earnings

Shares of Tata Motors ended nearly 2 per cent higher on Friday, after the company reported a consolidated net profit of Rs 3,783 crore in the September quarter, riding on robust performance by its British arm Jaguar Land Rover. The stock ended at Rs 647.80, up 1.73 per cent on the BSE. During the day, it gained 4.49 per cent to Rs 665.45. At the NSE, it ended with a gain of 1.62 per cent at Rs 646.80. During the day, it climbed 4.64 per cent to Rs 666. In traded volume terms, 22.65 lakh shares of the company were traded at the BSE and over 2.30 crore shares at the NSE during the day. This is the fourth successive quarter of positive results for the home-grown auto major. The Mumbai-based company had posted a consolidated net loss of Rs 1,004 crore in the year-ago period. Total consolidated revenue from operations stood at Rs 1,05,128 crore in the second quarter of this fiscal as compared to Rs 79,611 crore in the year-ago period, Tata Motors said in a regulatory filing on Thursda

TPEM's Avinya series of vehicles will be manufactured at Sanand 2 facility

The Sanand 2 plant would be operational by the fourth quarter of FY24

Tata Motors wins Singur land case against WB govt: Here are case details

Tata Motors secured an arbitral award of Rs 766 crore, with 11 per cent interest in the Singur plant case against the West Bengal government

Jaguar Land Rover, CVs take Tata Motors net profit to Rs 3,764 crore

During the quarter under review, the company's revenue from operations increased by 32 per cent to Rs 105,128 crore, up from Rs 79,611 crore during the July to September period of 2022-23

Tata Motor's electric vehicle arm ties up with JLR for Avinya range

Tata Motors on Thursday said its electric vehicle arm has inked a licensing pact to source electrified architecture from Jaguar Land Rover for the development of 'Avinya' range of cars. Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover (JLR), both 100 per cent subsidiaries of the auto major, have entered into a Memorandum of Understanding (MoU), Tata Motors said in a statement. The pact envisages TPEM licensing JLR's electrified modular architecture (EMA) platform for a royalty fee for the development of Avinya series, it added. TPEM and JLR will also enter into an engineering services agreement (ESA) to support former's content requirements for the first vehicle development. JLR's EMA platform will underpin the automaker's next generation of electric mid-sized SUVs for international markets, to be launched from 2025 onwards. The platform is optimised for native Battery Electric Vehicle (BEV) proportions to maximise interior space, comfort and vision along with ...

Tata Motors Q2 result: Auto major reports net profit of Rs 3,764 crore

Tata Motors said it remains optimistic about its performance due to a strong product pipeline, a seasonally stronger H2 and continued focus on cash accretive growth

Dovish Fed unleashes market bulls; Sensex zooms 490 pts, Nifty tops 19,100

Closing Bell on Thursday, November 02: Jerome Powell's comment that "despite elevated inflation, the longer term inflation expectations remain well anchored" was taken by the markets as dovish

Tata Motors to supply, operate 200 e-buses in Srinagar, Jammu for 12 yrs

Tata Motors on Thursday said it will supply and operate 200 electric buses in Srinagar and Jammu for 12-years for Jammu and Srinagar Smart City projects. The company has supplied the first batch of Ultra EV air-conditioned electric buses to Srinagar Smart City Ltd, via TML Smart City Mobility Solutions (J&K) Pvt Ltd, a group company, Tata Motors said in a statement. "The delivery of the electric buses is a part of its larger order to supply, maintain and operate 100 electric buses in Srinagar and 100 electric buses in Jammu, for a period 12-years for Jammu and Srinagar Smart City projects," it added. On the delivery of the first batch, TML Smart City Mobility Solutions (J&K) Pvt Ltd Chairman Asim Kumar Mukhopadhyay said, "this marks a significant milestone in our ongoing commitment to safer, smarter and greener mobility solutions, and we look forward to playing a key role in shaping the future of public transport in Jammu & Kashmir. " Tata Motors said till date it has ...

Tata Motors October Sales: Total domestic sales up 6% YoY, EVs shine

Electric passenger vehicle sales went up by 28 per cent YoY. This includes both domestic and international business figures

Stocks to Watch: Bharti Airtel, L&T, Tata Motors, Ethos, Blue Jet, Mankind

Stocks to watch on November 1, 2023: Bank of Baroda's head of digital lending, Akhil Handa, a techie closely associated with building the mobile banking application 'bob World', has quit

APL Apollo, Tata Motors, Lodha seen getting added to MSCI indices

An analysis by IIFL Securities, shows APL Apollo could see inflows worth $195 mn from passive trackers, followed by Tata Motors ($134 mn) and Lodha ($128 mn)

Stocks to Watch: TVS Motor, RIL, Tata Motors, Marico, DLF, Triveni Eng, P&G

Stocks to watch on October 31, 2023: Reliance Jio has made a contrarian call vis-a-vis competitors by deciding not to raise the 5G tariff, which is currently at the same level as 4G

Tata Motors wins Rs 766 crore plus interest at 11% for losses in Singur

Arbitral Tribunal also allows it to recover Rs 1 cr towards the cost of proceedings

Tata Motors wins Singur land case, entitled to recover Rs 766 cr from WB

Tata Motors on Monday said an arbitral tribunal has asked the West Bengal Industrial Development Corp to pay the company Rs 766 crore compensation in connection with losses incurred on its manufacturing site in Singur. Tata Motors had to shift its plant to produce small car Nano from Singur in West Bengal to Sanand in Gujarat in October 2008 due to a land row. Tatas, by then, had already put over Rs 1,000 crore in Singur. In a regulatory filing, the auto major said a three-member Arbitral Tribunal has ruled that the company is entitled to recover from the respondent West Bengal Industrial Development Corporation Ltd (WBIDC) a sum of Rs 765.78 crore with interest thereon 11 per cent per annum from September 1, 2016, till actual recovery thereof. The compensation is in respect to the auto major's claim of compensation from WBIDC under various heads, including the loss of capital investments with regard to the automobile manufacturing facility at Singur. "This is to inform that the ..

Tata Motors sets up 2 R&D facilities on H2 fuel tech, including ICE

In January this year, Tata Motors set an ambitious target of achieving net-zero emissions by 2045

Tata Motors developing new petrol engine to power premium SUV range

Tata Motors is developing a new petrol powertrain which would be utilised in its premium sports utility vehicles -- Harrier and Safari, according to a top company official. The models currently come with a 2-litre diesel engine. In an interaction with PTI, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said the engine is being developed and will be featured in the two models going ahead. He noted that the company focused only on diesel powertrain as 80 per cent of the around 2 lakh unit per annum market in the segment, where Harrier and Safari operate, was skewed towards diesel. "Our initial focus was on diesel for a simple reason that 80 per cent of the 2 lakh market for this SUV segment is basically diesel which means customers prefer diesel because of its better torque performance," Chandra said. This is why the auto major always kept the focus of this segment towards diesel, he added. "But we knew that going forward petrol is also going to give aggressive p

Tata Motors to acquire 26.79% stake in Freight Tiger for Rs 150 crore

Tata Motors has already introduced its connected vehicle platform 'Fleet Edge' for aiding fleet operations management