Page 38 - Tata Motors

Tata Motors expects EVs to be 50% of passenger vehicle sales by 2030

Tata Motors expects electric vehicles to account for half of its passenger vehicle sales by 2030, according to the company's Annual Report for 2022-23. The company, which has set a target to attain net zero emission by 2040, said it is "spearheading this mission with the support of our Gen 3 EV architecture strategy." "The EV contribution in our portfolio is likely to increase to 25 per cent in 5 years and reach 50 per cent by 2030," the report said. The company's current EV portfolio comprises the flagship SUV Nexon EV range, Tiago EV, Tigor EV and the XPRES-T EV. It sold 50,043 units of EVs in 2022-23, while its total passenger vehicle sales stood at 5,40,965 units. Tata Motors said its Tiago EV launched in FY 2022-23 has "accelerated the EV adoption by making it accessible to masses and received strong response with around 10,000 bookings on the first day". Further, the company said, "We unveiled products across the Gen 2 and Gen 3 architecture with the Harrier EV, Sierra EV,

Tata Motors gains 3% on Sebi nod to Tata Tech IPO; CLSA raises target price

The stock of the Tata group automobile company was trading at its highest level since September 2016

Centre to renew consultation with firms shortlisted under PLI scheme

DPIIT asked to nudge ministries to hold talks with beneficiaries

Tata Technologies, Gandhar Oil, SBFC Finance get Sebi's nod to float IPO

Tata Technologies, an arm of Tata Motors, Gandhar Oil Refinery (India) Ltd and non-banking financial company SBFC Finance have received capital market regulator Sebi's approval to raise funds through initial public offerings. The three companies, which filed their preliminary papers with Sebi between December 2022 and March 2023, obtained the regulator's observations during June 21-23, an update with the markets watchdog showed on Tuesday. In Sebi's parlance, obtaining observations mean its go-ahead to float the initial share sale. As per the draft papers, Tata Technologies' IPO is purely an Offer For Sale (OFS), where the company will sell up to 9.57 crore equity shares representing approximately 23.60 per cent of its paid-up share capital. Under the OFS, Tata Technologies' parent company Tata Motors will offload 8.11 crore shares or a 20 per cent stake in the company. Among other shareholders, Alpha TC Holdings Pte plans to sell up to 97.16 lakh shares (2.40 per cent) and Tata .

Riding on rising demand for CNG vehicles, Tata aims to double its sales

Currently, Tata offers its Tiago, Tigor, and Altroz with a CNG option. With its CNG vehicles, Tata is betting on the mass market that looks for affordable fuel options

Mahindra's 5-door Thar to be launched in South Africa on Aug 15; details

Operating in South Africa since 1996, M&M has registered a recent spike in sales in the country

Sensex hits all-time high: Will the winners of this rally hold momentum?

ITC and Tata Motors have zoomed 33 per cent each since December 1, and have led the rally in the 30-pack index

Jaguar Land Rover collaborates with Everstream for supply chain monitoring

The integration of AI technology will allow JLR to monitor its supply chain in real-time, enabling proactive measures to tackle potential global supply issues

Tata Motors nears record high on improved outlook; zooms 50% so far in 2023

Improved gross cash accruals and strong liquidity position with the management's focus to attain zero net auto debt is expected to lead to significant improvement in leverage and debt coverage metrics

Tata Motors shows interest in green technology project in Jharkhand

Tata Motors has evinced interest in the expansion of new green technology project in Jharkhand including manufacturing of hydrogen engine-powered vehicles and electric vehicles. Senior officials of Tata Motors, Tata Steel and Tata Cummins held a meeting with Jharkhand Chief Minister Hemant Soren and senior officials to discuss the possibilities of investment in the expansion of a new green technology project at Jamshedpur. Cummins Inc and Tata Motors had in November last year joined hands to offer solutions in hydrogen-powered commercial vehicle space. Under the pact, the two partners had agreed to collaborate on the design and development of low and zero-emission propulsion technology solutions for commercial vehicles in India, including hydrogen-powered internal combustion engines, fuel cells, and battery electric vehicle systems. "Tata Motors officials told the chief minister that there are immense possibilities of investment on expansion of the New Green Technology Manufacturi

Analysts see over 18% upside in Tata Motors; here's why

Brokerages have retained 'Buy' rating on Tata Motors post the recent JLR investor day meet.

Maintaining its small-car dominance, Maruti leads mid-size PV sales in FY23

Maruti launched several vehicles in this segment last year. It now has popular offerings like the Grand Vitara, Brezza, and XL6 in its product lineup catering to this market segment

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