The offering could be Tata group's first since listing of TCS in 2004
Automobile stocks like Tata Motor, M&M, HeroMoto Corp, and TVS motors need to cross significant hurdle to rally further
Stocks to Watch Today: Read analysis on why value investors could be seen taking selective punts on IT stocks in the near future.
Tata Motors is looking to increase passenger vehicle prices from next month in order to make its model range compliant with stricter emission norms which kick in from April 1 next year, according to a top company official. In an interaction with PTI, Tata Motors Managing Director - Passenger Vehicle and Electric Vehicles Shailesh Chandra said the price revision would also offset the impact of commodity prices, which have remained high for the most part of the year. "The regulatory change will have its impact on the cost. Even the real impact of softening of commodity prices is only going to come from next quarter and we still have the residual impact of the commodity escalation that we have seen during the year," Chandra said. He noted that even the battery prices have gone up and the same has not been passed on to the market. "So we are evaluating a price increase basis some of the residual effect that is left as far as the commodity prices are concerned. Battery prices and new ..
Tata Motors saw its despatches jump 55 per cent to 46,425 units during the month
Tata Motors on Thursday said its total wholesales increased by 21 per cent to 75,478 units in November. The company had dispatched 62,192 units in November 2021. The auto major said its total sales in the domestic market stood at 73,467 units last month, up 27 per cent, as compared to 58,073 units in the year-ago period. Commercial vehicle sales in the domestic market fell 10 per cent to 29,053 units, from 32,245 units in November 2021, it added. Last month, the company's total passenger vehicle dispatches rose 55 per cent to 46,037 units as against 29,778 units in the year-ago period.
With in the Tata Group space, except for Indian Hotels, others like TCS, Tata Motors, Trent and Tata Coffee seem poised for a buoyant rally in the near term.
The loss-making manufacturer, owned by India's Tata Motors, will cut production of the Range Rover Velar and Jaguar F-Pace models that are made in Solihull
Analysts see the renewable energy sector as a long-term structural play given the growing climate awareness and the government's efforts towards adoption of green energy sources
Stocks to Watch: Archean Chemical Industries and Five Star Business Finance will make their market debut today; Tata Motors will replace Dr Reddy's in the BSE Sensex from December 19
Change effective from Dec 19, but adjustment will take place on Dec 16. After DRL's deletion, Sun Pharma will be the only healthcare stock in the index
CLOSING BELL: The S&P BSE Sensex ended with a marginal loss of 88 points, while the Nifty held the 18,300-level on Friday.
Stocks to watch today: Tata Motors bagged order for 1,000 buses from Haryana Roadways; ABFRL inked pact with Galeries Lafayette to open luxury department stores in India
Tata Motors on Thursday said it has bagged an order for 1,000 buses from Haryana Roadways. The auto major said it will supply 52-seater fully built BS VI diesel buses in a phased manner, as per the contract. "The delivery of these buses will further fortify our partnership with the Haryana government and help in offering modern public transport to the citizens of the state. We are committed towards modernising public transportation in India," Tata Motors Vice President (Product Line Buses) Rohit Srivastava said in a statement. Haryana Transport Department principal secretary Navdeep Singh Virk said the buses will provide benefits to all stakeholders alike, and offer unmatched comfort to the passengers. "The induction of the new buses will help in making inter-state public transport even more efficient, allowing smooth commute across the state of Haryana," he added.
The company has appointed Adrian Mardell (acting CFO), who has been witn the company for the past 32 years, as the interim CEO
As of now, Tata Motors Tiago EV priced between Rs 8.49 lakh and Rs 11.79 lakh is the most affordable e-car in India
Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23 but the strong growth momentum is not expected to carry over to 2023-24 with pent-up demand already been released, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. There could be a moderation on offtake of passenger vehicles (PVs) in the the third quarter of the ongoing fiscal and picking up again in the fourth quarter, but the growth rate in FY24 would also depend on the impact of new set of regulations such as BS VI phase II and new safety regulations kicking in next year, he told analysts. The first half of FY23 was very strong for the PV industry with "nearly 1.9 million vehicles", said Chandra who is also the Managing Director of Tata Passenger Electric Mobility Ltd. "Typically you would see a 48:52 kind of a ratio between H1 and H2. This time, you're going to see nearly 50:50 kind of a ratio. So, it's going to be a very strong year, highest-ever industry volume is .
Bollore's sudden resignation after a two-year stint comes at a time when the UK arm is battling various headwinds including chip semiconductor even as the order book remains strong
Stocks to Watch Today: Bikai Foods, Global Health (Medanta) set for market debut today. Meanwhile, in the F&O segment, BHEL, Delta Corp, GNFC, PNB and Sun TV were in F&O ban period on Wednesday.
India will be one of the first markets to receive Cummins' hydrogen engines, the company said