In a big setback for Tata Motors, the Supreme Court on Friday dismissed its plea challenging an order of the Bombay High Court which upheld the decision of the BEST to disqualify it from a tender process for supplying 1,400 electric buses worth Rs 2,450 crore, saying the vehicle manufacturer deviated from the "material and essential" term of the tender. A three-judge bench headed by Chief Justice D Y Chandrachud said it is not in dispute that the first and the foremost requirement of the tender was the prescribed operating range of the single decker buses which would operate for around 200 km on a single charge in actual conditions with 80 per cent state of charge without any interruption. "The material on record would indicate that Tata Motors in its bid deviated from this requirement and had informed BEST that it could carry the operating range in the 'standard test conditions' which was not in accordance with the tender conditions. "The high court has rightly observed in its ...
But its FY18-FY23 revenue CAGR lags India's GDP growth
Available in petrol, CNG, and electric versions, Tata's Tigor clocked sales of 46,174 units, 93% up year-on-year
Available in petrol, CNG, and electric versions, Tata's Tigor clocked sales of 46,174 units, 93% up year-on-year
CLOSING BELL: The NSE Nifty 50 ended with a gain of 84 points; Realty index soared over 4%; auto and bank shares also logged significant gains.
On FY24 outlook, Tata Motors said it remains optimistic on demand despite near term uncertainties while anticipating moderate inflation.
Stocks to Watch today: Adani Enterprises and Adani Transmission will together raise Rs 21,000 crore
Margin expansion targets for all units, debt reduction are other positives
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The company board has recommended a final dividend of Rs 2 per ordinary share
India's Tata Motors Ltd expects its luxury car group, JLR free cash flow to nearly quadruple to top $2.50 billion this fiscal, and the automaker also declared its first dividend in nearly seven years
Tata Motors Q4 results: In Q4FY23 the revenue of Jaguar Land Rover (JLR) were up 49%
CLOSING BELL: Eicher Motors, M&M, IndusInd Bank, Axis Bank, HUL, Tata Motors, HDFC Bank, SBI, Hero MotoCorp, Bajaj Finance and ICICI Bank were the top gainers of the day
Tata Motors Q4 preview: Analysts see double-digit revenue and profit growth on the back of strong growth across India and JLR business
Brokerage firms are expecting a strong recovery in Tata Motor's financials as supply-side issues are relaxing (for JLR) and commodity headwinds are easing (for PV and CV).
What does Go First's demise mean for flyers? Can M&M catch up with Tata Motors in EV space? Will IndiGo, SpiceJet fly high as Go First goes off radar? What is confidential IPO filing? Answers here
Stock market live: Market action will be guided by global cues following the takeover of the fallen US lender First Republic Bank on Monday by JP Morgan Chase
At a time when the Indian market is fraught with SUVs in all shapes and designs, at this point, Honda does not have an SUV to offer
The sales of commercial vehicles fell sharply by 27% to 22,492 units in April this year. It was 30,838 last year
The Comet EV will be available for test drives from today, April 27 and the bookings will open on May 15