Page 36 - Tata Motors

RIL, ITC lift Sensex 418 pts, Nifty regains 18,700; MRF tops Rs 1-L mark

CLOSING BELL ON JUNE 13, 2023: In the broader market, the BSE MidCap index soared 1.2 per cent, while the Smallcap added 0.8 per cent on Tuesday.

Robust demand pushes passenger vehicle sales up 13.5% YoY in May: Siam

Total vehicle dispatches across categories were at 1,808,686 units in May 23, Siam data shows

Tata Group awards generous pay hikes of 16-60% to its top officials

This comes at a time when the board of Tata Sons has acknowledged the group's highest growth in its history

JLR to invest £3 bn by FY26, shares of Tata Motors DVR hits Rs 300 mark

Shares of Tata Motors DVR rose 2.6 per cent to touch the Rs 301 mark on the BSE in Monday's intra-day trade

Nearly all Tata Motors vehicle dealers turn profitable after a decade

Tata Motors' diversification into multiple electrified models, which are priced on average Rs 3-3.5 lakh higher than traditional internal combustion engine models, has increased profit margins

Jaguar Land Rover plans annual investment of 3 billion pounds by FY26

Tata Motors' owned Jaguar Land Rover plans an annual investment of 3 billion pounds while targetting revenue of over 30 billion pounds by FY26, according to an investor presentation by the company. Jaguar Land Rover (JLR), which makes SUVs such as Range Rover, Defender and Discovery under the Land Rover brand and Jaguar luxury cars, expects to have revenue of over 28 billion pounds in FY24. Tata Motors shared the presentation to be made by JLR on stock exchanges. Under its 'Reimagine' strategy, which was designed to address the key challenges facing its business, JLR had aimed to become a more agile business, with a simplified manufacturing operation and an ambition to achieve positive cash net-of-debt by 2025. In its 'Investor Day 2023' presentation, JLR said, "Reimagine will deliver" and its investment target is 3 billion pounds per annum. Further, the company is looking at free cash flow of 2 billion pounds by FY24 and "continuing to be significantly positive thereafter". In t

Tata Motors DVR jumps nearly 3%; crosses Rs 300 mark after over 6 years

With debt on a substantial downward trajectory and consequently interest outgo, it outlined its intention to commensurately increase dividends, going forward positive for DVR shareholders

The cheapest Citroen becomes costlier by up to Rs 17,500; check details

Launched at a competitive price of Rs 5.71 lakh for its base model, Citroen positioned C3 as a mass-market car

HSBC partners Tata Motors for EV financing solutions for salaried accounts

HSBC India has teamed up with Tata Motors for financing the purchase of the latter's electric vehicles by the employee working in the corporate sector. Under the collaboration, consumers holding a salaried account with HSBC India will get a chance to apply for a tailor-made loan to purchase an electric vehicle from Tata Motors' EV portfolio, the domestic auto major said in a statement. Besides, the customers will be able to apply for a loan with zero down payment, no hypothecation, low processing fee and no documentation charges, among others, making vehicle financing simple and easier, it added. Moreover, as an added advantage, customers opting for this loan will also get a special accessory kit for the EV purchased from Tata Motors, the company said. "We are partnering with HSBC India as we work towards accelerating the mass adoption of sustainable mobility in the country. With over 85,000 EVs on the road, Tata Motors is the leader in this fast-growing segment. "Our new-age vehi

Brokerages put medal to metal on Tata Motors stock, maintain bullish stance

EV focus, improved free cash flow, and debt reduction to be major drivers

Tata Motors looking to increase localisation of electric vehicles to 85%

The group has outlined an investment of Rs 13,000 crore to set up India's first lithium-ion cell manufacturing giga-factory in Gujarat last week

Tata Motors market cap scales record high; tops Rs 2 trillion mark

Thus far in the calendar year 2023, shares of Tata Motors and Tata Motors DVR have rallied 48 per cent, as compared to 2.8 per cent rise in the S&P BSE Sensex.

Godrej Consumer Products appoints Aasif Malbari as CFO from August 10

Sameer Shah, GCPL's current CFO, will move to a Group role leading consumer investments

Tata Motors hits over 6-year high; up 40% thus far in 2023 on solid outlook

On June 2, Tata group signed an outline deal with the government of Gujarat to build a lithium-ion cell factory with an investment of about Rs 13,000 crore

A 'nifty' little move: HDFC Life, SBI Life lead earnings upgrades

FY24 earnings growth to be led by BFSI, oil and gas, metal, and automotive

Expect PV segment growth to moderate to 5-7% this fiscal: Tata Motors

Tata Motors expects the passenger vehicle industry growth to moderate to 5-7 per cent in the current financial year as compared with 27 per cent sales growth in the last financial year with dip in pent-up demand, according to a top company executive. In order to sustain growth, the auto major is looking to introduce new products including CNG and electric models, while bolstering its existing range with new interventions. In an analyst call, Tata Motors Managing Director, Passenger Vehicle and Electric Vehicles, Shailesh Chandra noted that pent-up demand in the passenger vehicle segment has now clearly gone down, barring certain new launches in a few popular sports utility vehicle segments. He noted that due to pent-up demand and low inventory levels last fiscal, the industry reported a steep growth of 27 per cent year on year as compared with FY22. "This year (2023-24)...growth would be slightly moderate in the zone of 5 to 7 per cent. But I'm sure that beyond this financial year,

Tata Motors total sales decline YoY, electric cars give firm a boost

Tata Motors sold 74,973 vehicles in May 2023, down 2 per cent year-on-year (YoY) as the automaker made gains in the electric cars (EV) market

Stocks to watch: Adani Enterprises, Tata Motors, NHPC, AstraZeneca, SJVN

Stocks to watch on June 2, 2023: From Adani Enterprises to NHPC, here are top stocks to watch in Friday's trading session

Tata Motors posts 1.62% decline in total sales at 74,973 units in May

Tata Motors on Thursday reported 1.62 per cent decline in total sales at 74,973 units in May as compared to the same month last year. The company had posted a total sales of 76,210 units in May 2022, Tata Motors said in a statement. Total domestic sales were down 2 per cent at 73,448 units as against 74,755 units in the year-ago month, it added. Domestic passenger vehicle sales were up 6 per cent at 45,878 units as compared with 43,341 units in May last year, Tata Motors said. Sales of passenger electric vehicles, including international business, were at 5,805 units as against 3,505 units in the same month a year ago, a growth of 66 per cent. The company said its total commercial vehicle sales stood at 28,989 units last month, down 12 per cent from 32,818 units in May 2022. Similarly, domestic commercial vehicle sales were down 12 per cent at 27,570 units as against 31,414 units in the corresponding month last year.

Tata Altroz is the most affordable car with a sunroof, check price, specs

Compared with Altroz, Hyundai's i20 offers a sunroof only with Asta and Asta (O) variants, the prices for which start at Rs 9.03 lakhs, making them significantly pricier than the Altroz XM plus