Page 39 - Tata Motors

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

Mahindra is readying an updated five-door Thar, to be launched next year

This comes at a time when Maruti is all set to begin the sale of its own off-road SUV, Jimny, which Maruti has launched with five doors and comes with better seating space than the three-door Thar

Maruti Suzuki Jimny: Banking on Gypsy's legacy to take on the SUV challenge

The Jimny's popularity can be gauged from the fact that Maruti is receiving around 700 bookings of the vehicle every day

Rakesh Jhunjhunwala's portfolio up 11% thus far in FY24; beats markets

At an aggregate level, Jhunjhunwala's portfolio that was valued at Rs 32,445 crore as on March 31, 2023 is now worth Rs 35,979 crore

Stocks to watch: Sun Pharma, ONGC, Tata Motors, Adani Wilmar, BBQ Nation

Stocks to watch today: From Sun Pharma to Tata Motors, here are top stocks to watch in Monday's trading session

Moody's upgrades rating outlook on Tata Motors to positive from stable

Moody's Investors Service on Friday said it has upgraded its rating outlook on Tata Motors to positive from stable. Moody's has also affirmed the company's B1 corporate family rating (CFR) and its B1 senior unsecured ratings. "The rating affirmation and outlook change to positive reflect our expectation that the substantial improvement in Tata Motor's credit profile over the past few quarters will sustain over the next 12-18 months," Moody's Senior Vice President Kaustubh Chaubal said in a statement. Steadily growing volumes and profitability will support the company's earnings and free cash flow expansion, enabling debt reduction even as its capital expenditure stays elevated, he added. Tata Motors is pursuing a net-zero automotive debt target by March 2025. Moody's said it estimates that the auto major will reduce its gross debt by almost 40 per cent by March 2024 from March 2022 levels, having already reduced debt by a quarter at March-end 2023. Moody's said it expects a susta

CNG cars could account for 25% of industry by end of decade: Tata Motors MD

It is a 'decade of transition' for the industry and companies will have adapt to changes quickly: Shailesh Chandra

Tata Motors on the green path, every 3rd vehicle to be either CNG or EV

Automaker to increase share of CNG-powered vehicles without compromising on comfort, features

Tata Motors inaugurates Guj's largest automobile showroom Pragati Vehicle

Tata Motors Inaugurates South Gujarat's Largest Automobile Showroom, Pragati Vehicle in Surat and Bardoli