Page 36 - Tata Motors

Tata Motors to remain focused on profitability, cash flows: Chandrasekaran

Tata Motors on Tuesday said it will continue to remain focused on executing its strategy to deliver growth, profitability and free cash flows consistently. Addressing virtually Tata Motors shareholders at the company's 78th AGM here, chairman N Chandrasekaran also said that the domestic business is expected to achieve the 'zero debt' target by this fiscal while the subsidiary company JLR will achieve it in the calendar year 2024. "We have an exciting journey ahead of us and the management teams are very committed and focused towards accelerating our journey towards this transformation," Chandrasekaran told shareholders. "Tata Motors will continue to remain focused on executing its strategy to deliver growth, profitability and free cashflows consistently," he said. Looking ahead, he said, all three businesses of the company - commercial vehicles, passenger vehicles and electric vehicles -- and Jaguar Land Rover are all geared for growth as well as leadership in each of their ...

Tata Motors to bolster sales infra as it looks to tap demand for EVs

Tata Motors is looking to expand sales outlets in Tier II and Tier III cities in order to cater to the increased demand for its electric model range from such locations, according to a top company executive. The company, which ended the first quarter with sales of around 19,000 electric vehicle units, is also looking to have a separate sales infrastructure for its electric vehicle portfolio going ahead. In an analyst call, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra noted that EV adoption is now growing beyond the top 20 cities in the country. "With the bias now moving to other parts of the country...that's a good sign in terms of how the EV sales will grow from here," he said. With the launch of Tiago EV, there has been a shift in terms of micro markets now, Chandra said. He noted that more than 49 per cent of the Tiago EV sales were now coming in from other than the top 20 cities, he added. "And therefore, we have taken that opportunity to really start ...

Tata Punch CNG launched at a starting price of Rs 7.1 lakh, see details

The Punch is based on the same ALFA (Agile, Light, Flexible, Advanced) architecture on which the Tata Altroz has been built and got five-star safety ratings from the Global NCAP

Tata Motors July sales: Total sales down 1.41% YoY, CV sales down 4%

Domestic sales did not see any noticeable change with a difference of only 134 vehicles YoY

Tata Motors delivers prototype of indigenously-developed e-bus to BMTC

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.

Tata Motors' DVR shares soar over 12% on conversion plan announcement

Cancellation of ordinary shares to attract three levels of taxes

Tata Motors applies for PLI benefits for Tiago electric car, says top exec

The Mumbai-headquartered firm has applied for all variants of the Tiago, which recently hit a sales milestone of 10,000 units

Sensex snaps 3-day losing streak, ends 351 pts up; L&T, RIL, ITC shine

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.

A new Harrier and Safari! TaMo to revamp line up this festive season

Tata Motors has planned an investment of Rs 8,000 crore in FY24

Tata Motors to launch CNG variant of Punch, top variants to get sunroof

CNG variants of the Punch are likely to cost Rs 50,000 to Rs 100,000 more than the regular petrol variants

Tata Motors DVR hits record high, zooms 18% on delisting plan

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, L&T: Short-term trading strategies post Q1 results

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: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL

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

Tata Motors rides on JLR to see 42% surge in revenue; posts Rs 3,200 cr net

Outlines Rs 38K crore capex for the year

Tata Motors to convert differential voting rights into ordinary shares

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

Tata Motors to cancel 'A' ordinary shares in latest securities rejig

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

Sensex ends flat in choppy trade; Metals gain; Asian Paints dips 4%, ITC 2%

CLOSING BELL ON JULY 25, 2023: The NSE Nifty ended 8 points higher; Tata Steel and JSW Steel were the major gainers on Tuesday.

Tata Motors Q1FY24 results: Auto giant records net profit of Rs 3,202 crore

The commercial vehicle volumes were lower by 15% over the prior year due to the transition to BS-VI Phase-2

JLR volumes may aid Tata Motors Q1 margins; demand outlook eyed: Analysts

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 launches brand new Altroz variants starting at Rs 6.90 lakh

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+