Page 35 - Tata Motors

Tata Motors to acquire 27% stake in Freight Commerce for Rs 150 crore

'Freight Tiger' is a digital platform that provides end-to-end logistics value chain solutions for cargo movement in the country

Deeper localisation is the way forward for Tata Motors: Shailesh Chandra

Around 80 per cent of the sales is contributed by diesel and only 20 per cent is petrol, said Chandra

SUV segment to see intense competition among players: Tata Motors

Tata Motors on Tuesday said it plans to keep updating its SUV range as it expects the robustly growing segment to remain highly competitive with presence of all leading players. Sports utility vehicles are driving the overall growth of the domestic passenger vehicle segment. As per the latest SIAM data, SUV sales account for 60 per cent of the overall passenger vehicle sales in the country. In an interaction with PTI, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said the company has a leadership position in some of the SUV sub-segments and is looking to consolidate in others. "The SUV segment is going to be an intensely fought segment. The top three-four players will have just a few thousand (units) here and there. At some point someone will be number one, sometimes somebody else will become number two," he said. He noted that in such scenarios it is more important to focus on the individual products and whether they are in the top two consideration for ...

Tata Motors rides Jaguar Land Rover on road to turn net cash positive

On track to pare debt, analysts expect it to have Rs 2K cr cash on the books by end-FY25

Stocks to Watch today: Adani Group, DMart, HDFC Life, TaMo, Dalmia Bharat

Stocks to watch on Monday, October 16, 2023: Ceat, Cyient DLM, Federal Bank, Jio Financial and Yatra Online among 24 companies to announce results today.

See eventual split in platforms for ICE, EVs: Tata Motors' Martin Uhlarik

Tata Motors sees an eventual split in the platforms for its conventional engine and electric passenger vehicles in order to make future products unique and remove the handicap of developing EVs on traditional platforms, according to its Global Head of Design, Martin Uhlarik. With electrification and connectivity fast gaining momentum, he also said interiors of cars of the future could become more "like a home" driven by minimalistic approach, as sophisticated customers seek material comfort, simplicity and ease of use. "We see an eventual splitting of ICE (internal combustion engine) and EV, which is simply driven by the platform. If EV has to carry over an ICE architecture, it will always be handicapped in terms of its full potential, in terms of range, in terms of battery layout," Uhlarik told PTI. Converting EV on an ICE product platform, which has provisions such as the traditional transmission tunnel and firewall, has limitations, he added. "So if you want to do a proper EV or

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Tata Motors sells 9.9% stake in IPO-bound Tata Tech for Rs 1,613 crore

TPG Rise Climate is the lead investor for this transaction. TTL is a global engineering services company offering product development and digital solutions to global original equipment manufacturers

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