Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.
The company owned by Tata Motors said that it reflects gradual improvement in chip supplies
Tata Motors will commercially introduce Ace EV in 10 cities, starting with Delhi, Pune and Mumbai, followed by Bengaluru, Hyderabad and Chennai
Tata Motors on Monday kicked off customer deliveries of the electric version of its mini truck 'Ace' with price starting at Rs 9.99 lakh (ex-showroom). Initially, the company will commercially introduce the electric mini truck in ten cities, starting with Delhi, Pune and Mumbai followed by Bengaluru, Hyderabad and Chennai, Tata Motors Executive Director Girish Wagh told reporters here. The first fleet of 25 vehicles of the Ace EV was delivered to e-commerce, FMCG and courier companies, and their logistics service providers, including Amazon, Delhivery, DHL (Express & Supply Chain), FedEx, Flipkart, Johnson & Johnson Consumer Health, MoEVing, Safexpress and Trent Ltd. The homegrown auto major had unveiled the Ace EV in May last year and signed pacts with leading e-commerce players such as Amazon, BigBasket, City Link, DOT, Flipkart, LetsTransport, MoEVing and Yelo EV, to supply the vehicle with orders for 39,000 units at the time of unveiling. Asked about the current order ...
Closing Bell: Nifty IT fell 2 per cent followed by 0.7-1 per cent cuts each in Bank, Financial, Metal, Realty and Pharma indices. FMCG and Consumer Durables outperformed with fractional gains
Stocks to watch today: Sebi has acceded to the central government's request to reclassify its shareholding in IDBI Bank after its disinvestment as "public holding"
Group rejects company's severance package as it winds up business in country
In December 2022, most automobile shares flaunted negative returns, with Tata Motors leading the pack, followed by Eicher Motors and Maruti Suzuki
Stocks to watch today: Tata Motors reported 10 per cent YoY increase in domestic December sales at 72,997 units as against 66,307 units sold last year
Domestic passenger vehicles sales rose by 23 per cent to a record of 37.93 lakh units in 2022 led by the likes of Maruti Suzuki, Hyundai and Tata Motors as the companies rode on easing of pandemic related challenges and semiconductor shortages to cash in on pent up demand, specially for SUVs. Other manufacturers like Toyota Kirloskar Motor and Skoda India also reported record sales in 2022. "The industry wholesales in January to December 2022 were just short of 38 lakh units. It was 37.93 lakh units against 30.82 lakh in 2021, which is a growth of 23 per cent," Maruti Suzuki India Senior Executive Officer, Marketing & Sales Shashank Srivastava told reporters in a virtual conference. He further said the 2022 wholesales are "the highest ever in the industry for a calendar year" and the last highest was in 2018 which was 33.3 lakh units. "So, this is about 14 per cent higher than the highest ever," he added. On the reasons for the growth, Srivastava said, "I believe this resurgence .
All eligible employees of Ford India's vehicle making plant have been offered jobs at TPEML on terms, conditions and benefits of service similar to those currently availed by them
Tata Motors on Friday said the acquisition of Ford India's manufacturing plant at Sanand through its subsidiary will be completed on January 10, 2023. In August this year, the company had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd's (FIPL) Sanand plant in Gujarat for Rs 725.7 crore. The acquisition included the entire land and buildings; vehicle manufacturing plant along with machinery and equipment and transfer of all eligible employees of FIPL's vehicle manufacturing operations at Sanand. "Pursuant to the fulfilment of the necessary condition precedents for the transaction, including receipt of relevant government approvals, the parties have decided to proceed towards completion of the transaction on January 10, 2023," Tata Motors said in a statement. All eligible employees of FIPL's vehicle manufacturing plant have been offered employment with TPEML on terms, conditions and benefits of service similar to those that are ..
Some firms braved the headwinds and stepped on the gas, others played it safe; green energy turned a bright spot
Tata Motors on Friday said its arm -- TML CV Mobility Solutions Ltd -- has signed an agreement with Delhi Transport Corporation for the operation of 1,500 electric buses in the National Capital. Under the pact, TML CV Mobility Solutions Ltd will supply, operate and maintain 1,500 units of 12-metre low-floor air-conditioned electric buses for a period of 12 years, the company said in a statement. "Our relationship with DTC, which stands strong for over a decade, is based on the foundation of mutual trust and cooperation, and this order will further strengthen it. We are confident that the electric buses will provide sustainable, safe and comfortable public transportation to the commuters of Delhi," TML CV Mobility Solutions Ltd Chairman Asim Kumar Mukhopadhyay said. The company said this is the largest order to date for electric buses by Delhi Transport Corporation (DTC). "We are pleased to have signed an agreement for the largest order of 1,500 electric buses in Delhi. This is a ..
CLOSING BELL: Sectorally, the Nifty IT index was the most downbeat sector as it dipped 0.5 per cent as Accenture's Q1FY23 results rang alarm bells for Indian IT companies
Stocks to Watch Today: Balrampur Chini, BHEL, Delta Corp, GNFC, Indiabulls Housing Finance, IRCTC and PNB are the seven stocks in F&O ban period on Monday.
Since November, shares of Tata Motors have remained flat, while the DVR has crashed 14 per cent. The grey market premiums (GMPs) for the two IPOs that open this week are mixed
Automobile major Tata Motors on Friday announced that Bengaluru Metropolitan Transport Corporation (BMTC) has signed an agreement with its subsidiary company for the operation of 921 low-floor electric buses in the city. As part of the agreement, subsidiary firm TML Smart City Mobility Solutions will supply, operate and maintain 921 units of electric buses for 12 years, Tata Motors said in a statement. It further said that Tata Starbus Electric is an indigenously-developed 12-metre-long vehicle with superior design and best-in-class features for sustainable and comfortable commute. It further said that Tata Motors has till date supplied more than 730 electric buses across multiple cities in India, which have cumulatively clocked more than 55 million kilometres.
Stocks to watch today: Private equity majors Carlyle Group and Advent picked 9.99 per cent stake in YES Bank; Paytm approved buyback of shares worth Rs 850 crore
Tata Motors Ltd said it would increase prices of its commercial vehicles by up to 2% from January to partly offset a steep rise in input costs