Page 45 - Tata Motors

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

Tata Motors starts delivery of EV version of mini truck Ace at Rs 9.99 lakh

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 ...

Financial, IT shares drag Sensex 453 pts, ends below 60K; Nifty near 17,850

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: RIL, Ambuja Cements, IDBI Bank, Voda Idea, VLS Finance

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"

Employees plan court fight against Ford India over closed TN factory

Group rejects company's severance package as it winds up business in country

TaMo, Maruti Suzuki: Auto stocks in tight spot amid diverse December sales

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: TCS, Tata Motors, Maruti, Coal India, JSW Group, RITES

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 up 23% to record of 3.79 mn units in 2022

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 .

Tata Motors completes Rs 725 cr acquisition of Ford's Sanand plant

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