Page 46 - Tata Motors

Tata Motors' global sales up 33% in Sept quarter at 335,976 units

Tata Motors on Monday reported 33 per cent increase in global sales, including that of Jaguar Land Rover to 3,35,976 units in September quarter 2022. It had sold 2,51,689 units in the same period last year. Global wholesale units of all Tata Motors' commercial vehicles and Tata Daewoo range in the quarter stood at 1,03,226 units, up 16 per cent from 89,055 units a year ago, the company said in a statement. Global sales of all passenger vehicles were at 2,32,750 units in the quarter as against 1,62,634 units in the year-ago period. Global sales of JLR stood at 89,899 units in the period under review. While Jaguar wholesale stood at 16,631 vehicles, Land Rover wholesales were 73,268 units. JLR had sold 78,251 units in July-September last fiscal year.

Tata Motors dips 5% on lower-than-expected JLR wholesale volumes in Q2

However, Tata Motors said it is witnessing healthy demand for its products with the order book increasing to ~2.05 lakh units vs. ~2 lakh units as of Q1FY23

Centre aiming to replace petrol, diesel-powered fleet with EVs soon: Report

CESL, the agency that handles the acquisition of EVs for the centre and the state governments, said that it has received an order of 3,500 EVs

Tata Motors looking to introduce four wheel drive capability in its e-SUVs

Tata Motors is actively looking at introducing four wheel drive technology in electric versions of its sports utility vehicles going ahead, according to company's passenger vehicle business head Shailesh Chandra. The home-grown auto major currently does not offer four wheel drive trims in any of its existing product range which includes models like Nexon, Harrier and Safari. The company aims to have a portfolio of ten electric products, a mix of existing nameplates and all new models, by 2025. Tata Motors is looking at models above the Nexon range as possible candidates for the four by four (4X4) upgrade. "Our focus will be to try and do that in the electric vehicles. We are going to work on this in the electric version of our future SUVs," Tata Motors Managing Director - Passenger Vehicle and Electric Vehicles - Shailesh Chandra told PTI when asked if the company is also considering four wheel drive trims in its SUV range. Some of the products in the company's expected line up of

Top headlines: GST collections rise 26%, 5G launch in India and more

From Airtel to roll out 5G services nationwide by March 2024 to Tata Motors' achieving its highest ever domestic monthly sales of passenger vehicles, here are the top headlines this evening

Tata Motors clocks record domestic monthly PV sales in Sept at 47,654 units

In September 2022, PV sales increased by 85 per cent. India's third largest carmaker sold 25,730 PV units in September 2021

Analysts remain bullish on Tata Motors as company drives in Tiago EV

Analysts at Nomura expect the Tiago EV to sell 3,000 - 5,000 units per month, and its overall EV sales to touch 60,000/ 96,000 in FY23/24

LIC, Nykaa, Tata Motors: Are these buzzing stocks bottoming out?

Sun Pharmaceutical seems set to register a new 52-week high; while Tata Motors and Torrent Pharmaceuticals are yet to take-off their respective obstacles, charts show.

TaMo takes a shot at mainstreaming EVs with sub-Rs 10-lakh priced e-Tiago

India's first electric car is acknowledged to be the Lovebird, from Eddy Current Controls (India) in 1993

Boards of two Tata Motors finance companies to consider merger next week

Merger is part of Tata group plan to bring similar businesses under a single umbrella like Tata Steel's merger of seven subsidiaries with itself to consolidate its metals and mining businesses

Top headlines: Centre hikes employees' DA by 4%; TaMo drives in Tiago EV

Business Standard brings you top news of the evening

Tata Motors lines up electric models; drives in Tiago EV at Rs 8.49 lakh

Betting big on electric mobility, Tata Motors is gearing up to drive in a range of models across multiple price points as it expects the portfolio to account for more than 30 per cent of its overall sales by the end of this decade. The home-grown auto major also aims to keep investing on new models with conventional (petrol, diesel) and CNG powertrains as it expects the demand to remain robust even after 2030. On Tuesday, the company expanded its electric vehicle portfolio in the country with the launch of Tiago EV with introductory prices for first 10,000 customers ranging between Rs 8.49-11.79 lakh (ex-showroom). The company said 2,000 units will be reserved for the current owners of Nexon EV and Tigor EV. Tiago EV is now the most accessible electric passenger vehicle brand in the country and also the most affordable in the company's electric vehicle range. Tata Motors already sells Tigor EV and Nexon EV in the domestic market priced between Rs 12.49-19.84 lakh (ex-showroom) Wi

Tata Motors to continue investing around Rs 2,000 cr per annum on CV biz

Tata Motors plans to continue investing in the range of Rs 2,000 crore in its commercial vehicle business per annum going ahead in order to drive in new models based on various kinds of powertrains, according to company's Executive Director Girish Wagh. The company, which on Monday strengthened its pickup line with the launches of Yodha 2.0, Intra V20 bi-fuel and Intra V50 models, is also looking to transition to electric mobility through vehicles powered by CNG and other alternative fuel options. "At the company's commercial vehicle business level, we have been investing around Rs 2,000 crore per annum which includes our investment in internal combustion engines, alternate fuel as well as electric vehicles. We will continue to invest at the same rate to ensure that we keep coming with new vehicles," Wagh told reporters at the launch event. Tata Motors, a USD 37 billion organisation, is the country's leading player in the commercial vehicle segment. On a query regarding the company

Tata Sons to halve the number of listed companies from 29 to 15: Report

Under the current chairman N Chandrasekaran, Tata Sons has been taking steps to consolidate its business to improve its efficiency

Tata Motors prioritises the health of 5000 truckers under Project Suraksha

Tata Motors Finance prioritizes the health of 5000 truckers under Project Suraksha

Stocks to Watch: Adani Ports, Tata Power, UPL, SBI, Tata Motors, Patanjali

Stocks to Watch: State Bank of India (SBI) has clarified that it has not been identified as a nodal bank for handling Russia-related rupee transactions

Tata Motors expects 20% of domestic PV sales to come from EVs in 3 years

Tata Motors expects 20 per of its total passenger vehicle sales in the domestic market to come from electric vehicles in the next three years, a senior company official said on Thursday. The company, which has electric models such as Nexon EV and Tigor EV, expects to touch 50,000 units mark in total EV sales this year. It is also working on flex-fuels and expects its product portfolio to be E20 (20 per cent ethanol) compliant by 2025. "Right now, it (electric vehicles penetration) is between 8-8.5 per cent and the models in which we have electric, it is roughly 25 per cent," Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Managing Director Shailesh Chandra told reporters on the sidelines of the annual session of SIAM here. He was responding to a query on the level of EV sales of Tata Motors. "Last year, we ended at 5 per cent. Before that we were at 2 per cent and the year before that it was 1 per cent," he said. This fiscal itself the company expects to reach

Tata Power to develop 4 MWp solar project at Tata Motors' Pune plant

Tata Power on Wednesday said that it has inked a pact to develop a 4-MWp solar project at Tata Motors' Pune plant. "Tata Motors and Tata Power have entered into a Power Purchase Agreement (PPA) to develop a 4-MWp on-site solar project at Tata Motors' Pune commercial vehicle manufacturing facility," a BSE filing said. The installation is collectively expected to generate 5.8 million units of electricity, potentially mitigating over 10 lakh tonnes of carbon emission. This is equivalent to planting over 16 lakh teak trees over a lifetime, it stated. Alok Kumar Singh, Plant Head, Commercial Vehicle Manufacturing Facility, Tata Motors, said, "In FY22, the total renewable energy contribution at our CV Pune plant was 32 per cent. With this agreement, we reaffirm our commitment to moving closer to our goals of cultivating 100 per cent renewable energy capacity." Until FY22, Tata Motors at its Pune plant, including at its passenger and commercial vehicle manufacturing facilities, deployed

Tata Neu onboarding Titan by Diwali; Tata Motors and Air India next

Tata Neu 2.0: Super app to undergo revamp for a better user experience

Expect CV industry to grow in double digits this fiscal: Tata Motors ED

Tata Motors expects the commercial vehicle industry sales growth to be in double digits this year despite hike in interest rates on auto loans, according to a senior company official. Favourable factors such as government's investment in infrastructure, gradually increasing consumption in the country and robust growth in end-use sectors like e-commerce outweigh headwinds such as high inflation and increased interest rates, Tata Motors Executive Director Girish Wagh told PTI. "The actual demand is going to be a net factor of the headwinds and tailwinds, within which the inflation, interest rates remain kind of headwinds," he said. On the tailwind side, Wagh said the government's investment in infrastructure and number of projects, the gradually increasing consumption in the country as also the end-use sectors such as e-commerce are showing robust growth. Also, he said the rising freight rates and fleet utilisation are continuously increasing the transporter confidence index. "It do