Page 42 - Tata Motors

TaMo, ICICI Bank tie up to offer financing solutions to its EV dealers

Tata Motors on Monday said it has partnered with ICICI Bank to offer financing solutions to its authorised passenger electric vehicle dealers. Under the partnership, ICICI Bank will provide inventory funding to the authorised passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models, Tata Motors said in a statement. "Our dealer network forms a part of our core support pillars, and through their constant effort, we ride the electrification wave in India. "We are confident that through this tie-up, we will make EVs more accessible and the EV purchase process a seamless and memorable experience for our customers," Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said. The EV dealers can avail flexible repayment tenures through the partnership, the company said. ICICI Bank Executive Director Rakesh Jha said the electric vehicle industry is growing at a rapid pace with the rising consumer

Automakers focus on low-cost battery powered SUVs in budding EV market

Homegrown manufacturers Tata Motors Ltd. and Mahindra & Mahindra Ltd. are now jostling with Chinese giants BYD Co. and SAIC Motor Corp

Jaguar Land Rover President and MD Rohit Suri to hang boots after 14 yrs

He had joined Tata Motors as Head of Premier Car Division and led the launch of Jaguar and Land Rover in India in 2009

Auto Expo 2023 witnesses turnout of 636k visitors after a 3-yr hiatus: SIAM

Auto Expo 2023 was led by the automakers such as Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar, and MG Motor India

Tata launches Nexon EV MAX XM at Rs 16.49 lakh; to hit market by April 2023

The automaker has also enhanced the range of its MAX variants to 453 km on a single charge

Chinese EV makers gearing up to challenge Tata Motors' dominance in India

If MG Motor achieves the sales volume target, it would become the second-largest player in the segment with a market share of 20-24 per cent

Tata Motor's Mission 2045: Electric, flex-fuel and hydrogen ICE

"Battery electric, hydrogen fuel cell and hydrogen ICE, could be the three technologies which have the potential of being zero emission and that are what we will have to work on," said Girish Wagh

Auto firms have foot on price pedal, even as commodity costs tail off

Between March 31 last year and January 13 this year, the prices of raw materials such as Aluminium, Copper and Tin have decreased at the London Metal Exchange

Tata eyes India, Europe for EV cell manufacturing; plans 10 new models

Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit said

No near-term boost likely for auto stocks from Expo 2023, say analysts

Analysts, however, believe investors may adopt 'buy on dips' strategy for the pack as overall sales growth is expected to remain steady going forward

Hydrogen as a fuel is for commercial vehicles, says Shailesh Chandra

"Our focus is on bringing all kinds of body styles and products at different accessibility points from the lowest possible to the highly aspirational"

Tata showcases 14 EVs and concepts, launches vehicles in several segments

Tata Motors unveiled the Harrier EV and Sierra EV and showcased the Altrzo CNG as well as the Curvv Coupe in its private vehicle segments on he first day of Auto Expo 2023 on Wednesday

CLSA upgrades Tata Motors to 'Buy' after JLR wholesales jump 15% YoY in Q3

Shares of Tata Motors surged 7 per cent in Tuesday's intra-day trade to hit a high of Rs 417.7 apiece

Tata Motors completes acquisition of Ford's Sanand manufacturing plant

Tata Motors on Tuesday said the acquisition of Ford India's manufacturing plant at Sanand through its subsidiary has been completed. In August last year, the company had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd's (FIPL) Sanand plant, Gujarat for Rs 725.7 crore. With the fulfilment of the necessary conditions, including receipt of relevant regulatory approvals, the parties have completed the transaction and TPEML has acquired the Sanand property and the vehicle manufacturing plant and machinery, Tata Motors said in a regulatory filing. Additionally, all the vehicle manufacturing employees were offered employment, and those who have accepted TPEML's offer of employment, have been transferred to the company and have become employees of TPEML with effect from January 10, it added. The acquisition included the entire land and buildings; vehicle manufacturing plant along with machinery and equipment and transfer of all eligible

Tata Motors shares jump 6%; market valuation climbs Rs 7,859.89 crore

Shares of Tata Motors jumped 6 per cent on Tuesday after the company-owned Jaguar Land Rover reported a 15 per cent increase in wholesales to 79,591 units for the third quarter ended December 2022. The stock rallied 6.07 per cent to settle at Rs 413.05 apiece on the BSE. During the day, it climbed 7.26 per cent to Rs 417.70. On the NSE, it gained 5.91 per cent to end at Rs 412.50 per share. It was the biggest gainer among the Sensex and Nifty components. The company's market valuation also zoomed Rs 7,859.89 crore to Rs 1,37,185.89 crore on the BSE. In volume terms, 19.60 lakh shares of the firm were traded on the BSE and over 5.40 crore shares were traded on the NSE during the day. In the broader market, the 30-share BSE Sensex tanked 631.83 points or 1.04 per cent to settle at 60,115.48. The company's retail sales for the third quarter stood at 84,827 units, up 5.9 per cent compared to the year-ago period, it said in a regulatory filing on Monday. Jaguar Land Rover (JLR) said

Sensex slides 632pts to 60,115, Nifty below 18K; Airtel, SBI slip up to 2%

CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent

Jaguar Land Rover sees December quarter free cash flow above $485 million

The British automaker, in its earnings statement for the second quarter, had forecast a positive cash flow for the second half of fiscal year 2023 and "near breakeven" for the full year

Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR

Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.

Jaguar Land Rover reports 5.9% jump in retail sales in Q3, wholesale up 15%

The company owned by Tata Motors said that it reflects gradual improvement in chip supplies

Tata Motors promises commercial vehicle range for city transportation needs

Tata Motors will commercially introduce Ace EV in 10 cities, starting with Delhi, Pune and Mumbai, followed by Bengaluru, Hyderabad and Chennai