Page 40 - Tata Motors

Domestic PV sales expected to stay strong this fiscal: Tata Motors

Domestic passenger vehicles sales, specially those of SUVs, are expected to remain strong this fiscal despite the pent-up demand and low inventory which drove up sales in the past are no longer there, according to Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. Managing Director Shailesh Chandra. The company, which sold around 50,000 units of electric passenger vehicles last year, is targeting to reach 1 lakh units this fiscal while it also targets deeper penetration of CNG with the launch of its Altroz iCNG premium hatchback. "So far the indicators are good in terms of demand sustaining at high levels, although the additional moves that we were getting from pent-up demand and low channel inventory that have subdued," Chandra told PTI here. He was responding to a query on the outlook of passenger vehicles sales in India in 2023-24. In the last five to six months, Chandra said two factors -- pent-up demand and low channel inventory, were really driving

Automakers to invest $10 billion for enhancing EV manufacturing capacity

The capital expenditure will be allocated towards building green-field plants for EVs, better research and investment in battery plants, and support for grid charging infrastructure

Tata Altroz CNG launched at a starting price of Rs 7.55 lakh; check details

The Altroz CNG comes with Tata's dual-cylinder set-up and is the only CNG car to be sold with a sunroof

Tata Motors launches CNG version of hatchback Altroz; starts at Rs 7.55 lk

Tata Motors on Monday launched the CNG version of its premium hatchback Altroz at an introductory price of Rs 7.55 lakh (ex-showroom all-India). The Altroz iCNG comes in six variants priced between Rs 7.55 lakh and Rs 10.55 lakh (all prices ex-showroom all-India), Tata Motors said in a statement. It is equipped with a twin-cylinder CNG technology and comes with advanced features such as voice-assisted electric sunroof, wireless charger and air purifier, among others. The twin CNG cylinders are located below the luggage area with valves and pipes protected under the load floor thereby minimising the risk of potential damage, the company added. Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said customers are increasingly choosing alternate fuel options with the intent of economical as well as eco-friendly drive and CNG as a fuel with its wide availability and accessibility has gained a lot of acceptance. However, optin

SC dismisses Tata Motors plea challenging HC order on disqualification

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 ...

Combined revenue of listed Tata group's firms tops Rs 10 trillion

But its FY18-FY23 revenue CAGR lags India's GDP growth

Maruti Suzuki's Dzire best-selling compact sedan of FY23; check full list

Available in petrol, CNG, and electric versions, Tata's Tigor clocked sales of 46,174 units, 93% up year-on-year

Maruti Suzuki's Dzire best-selling compact sedan of FY23; check full list

Available in petrol, CNG, and electric versions, Tata's Tigor clocked sales of 46,174 units, 93% up year-on-year

Sensex gains 318 pts as investors cheer dip in inflation; Realty stks rally

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.

Tata Motors surges 4%; hits over 6-year high on strong Q4 earnings

On FY24 outlook, Tata Motors said it remains optimistic on demand despite near term uncertainties while anticipating moderate inflation.

Stocks to Watch on May 15: Adani Group, Tata Motors, DMart, PVR Inox

Stocks to Watch today: Adani Enterprises and Adani Transmission will together raise Rs 21,000 crore

Improving JLR outlook, margin expansion targets positives for Tata Motors

Margin expansion targets for all units, debt reduction are other positives

Top headlines: CCI inquiry on Google, Karnataka elections results and more

Business Standard brings you top news at this hour

Tata Motors reports net profit of Rs 5,408 crore in Q4, revenue surges 35%

The company board has recommended a final dividend of Rs 2 per ordinary share

Tata Motors expects JLR's cash flow to quadruple to $2.50 bn this fiscal

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: Net profit at Rs 5,407 crore, dividend declared

Tata Motors Q4 results: In Q4FY23 the revenue of Jaguar Land Rover (JLR) were up 49%

Sensex up 123 pts, Nifty holds 18,300 ahead of CPI data; banks lend support

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: Solid volumes, ASP may aid Q4 profit, margin expansion

Tata Motors Q4 preview: Analysts see double-digit revenue and profit growth on the back of strong growth across India and JLR business

Tata Motors hits 52-week high ahead of Q4 results; soars 32% so far in CY23

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).

TMS Ep425: Go First, M&M EV, aviation stocks, confidential IPO filing

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