Page 50 - Tata Motors

Tata Motors' total sales rise 36% in August; domestic sales up 41%

Tata Motors on Thursday said its total sales increased by 36 per cent to 78,843 units in August. The auto major had sold 57,995 units in the same month of the previous year. Its total domestic sales increased by 41 cent to 76,479 units in August. The company had dispatched 54,190 units in August 2021. Passenger vehicle sales in the domestic market stood at 47,166 units last month, as against 28,018 units in August 2021, an increase of 68 per cent. Commercial vehicle sales in the domestic market were at 29,313 units last month, as compared to 26,172 units in the same month last year, an increase of 12 per cent, it added.

TaMo completes acquisition of Marcopolo's stake in Tata Marcopolo Motors

Tata Motors on Tuesday said it has completed the acquisition of its partner Marcopolo's stake in their bus body manufacturing joint venture Tata Marcopolo Motors Ltd. In December 2020, Tata Motors and Marcopolo had entered into an agreement, under which the homegrown automaker agreed to purchase 49 per cent shareholding of its Brazilian partner for Rs 99.96 crore in the joint venture. The 51:49 JV was formed in 2006. The company has completed the procedural requirements under the share purchase agreement for acquiring the entire shareholding held by Marcopolo SA in Tata Marcopolo Motors Ltd (TMML), Tata Motors said in a regulatory filing. Consequently, TMML has become a wholly-owned subsidiary of the company from August 29, 2022, it added. The JV had manufacturing facilities in Dharwad and Lucknow for building bus bodies on chassis supplied by Tata Motors and marketed under the 'Starbus' and 'Starbus Ultra' bus brands. However, Marcopolo decided to exit from the JV under its refre

Tata Motors comes out with a SUV teaser; here's what you can expect

According to leaked images, the upcoming Tata Motors SUV may come with minor exterior upgrades and new features

Sensex up 54 pts, Nifty holds 17,600; NDTV gains 5%, Adani Enterprises 4%

CLOSING BELL: Technically, shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08

Stocks to watch: NDTV, RIL, Canara Bank, Tata Motors, NTPC, NHPC, Hindalco

Stocks to watch today: Adani Group plans to buy 29.18 per cent stake in NDTV; Canara Bank plans to raise up to Rs 3,500 crore via tier II bonds.

Tata Motors signs PPA with Tata Power to develop onsite solar project

Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility here. The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility, the company said in a statement on Tuesday. With this project, the onsite solar plant capacity of Tata Motors' Jamshedpur facility will reach 14 MWp, which will generate 442 million units of green electricity having the potential to reduce carbon emission by 3.5 lakh tonnes. This is equivalent to planting 5.6 lakh trees. Commenting on the occasion, Vishal Badshah, Plant Head, Jamshedpur, Tata Motors said, "It has been our continuous endeavour to reduce greenhouse gas emissions to achieve Net Zero Emission goal. With this agreement, we are reaffirming our commitment to sustainability by increasing the share of renewable energy in our operations. We firmly believe that this will strengthen our journey towar

Tata Motors to supply 921 electric buses to BMTC, inks 12-yr contract

Tata Motors on Thursday bagged an order to supply 921 electric buses to the Bengaluru Metropolitan Transport Corporation (BMTC).

Tata Motors bags 921 electric buses contract from Bengaluru transport corp

Tata Motors on Thursday announced that it has won an order of 921 electric buses from Bengaluru Metropolitan Transport Corporation (BMTC). Under the larger tender by Convergence Energy Services Limited (CESL), Tata Motors will supply, operate and maintain 12-metre electric buses for a period 12 years, as per the contract. "Tata Starbus is an indigenously developed vehicle with superior design and best-in-class features designed for sustainable and comfortable travel," a company statement said on Thursday. BMTC Managing Director G Sathyavathi, was quoted as saying: "This order is paramount for Bengaluru's growing need for clean, sustainable urban mass mobility. CESL MD and CEO Mahua Acharya, noted that the BMTC has placed its order for electric buses under the 'Grand Challenge of CESL'. Tata Motors said it has already received orders for 1,500 electric buses from Delhi Transport Corporation and 1,180 electric buses from West Bengal Transport Corporation, in the last 30 days.

Rakesh Jhunjhunwala-owned stocks trade mixed. Should you buy, sell, hold?

The decision to stay with these stocks, analysts said, should be based purely on how each of these companies is performing fundamentally

Tata Motors hits over 5-month high; gains 10% in 9 days on positive outlook

Analysts at ICICI Securities expect the stock to maintain positive bias and head towards Rs 509 levels in the coming weeks

Top headlines: Govt tries to revive mobile mkt, setting up GSTAT, and more

Business Standard brings you the top headlines at this hour

Ford's Sanand plant buy to help Tata Motors consolidate EV position

The Tata Group flagship corners 80 per cent share in the e-passenger vehicle market and it's looking at a 5x jump in sales by end of next financial year

Tata Motors' EV subsidiary buys Ford's Sanand plant for Rs 725 crore

The plant offers 3,043 direct jobs and 20,000 indirect jobs

Tata Motors aim to grow in excess of 40% over Q2 FY22, says VP

With an eye on the upcoming Onam season, Tata Motors, a home-grown automaker, plans to increase its sales in Kerala by 40 per cent in the second quarter of the financial year 2022.

PV sales on upward terrain in July as chip shortage issue improves

Improvement in semiconductor shortage issue helped auto makers, including Maruti Suzuki, Hyundai, Tata Motors and Mahindra & Mahindra, report single to high double-digit growth on Monday in their domestic passenger vehicles sales in July. Other manufacturers, Kia India, Toyota Kirloskar Motor (TKM), Honda Cars India, Skoda Auto India, also reported robust growth in their domestic passenger vehicle sales with the auto industry estimated to have achieved the highest-ever passenger vehicle wholesales in July this year. Maruti Suzuki India said its domestic passenger vehicle sales rose 6.82 per cent last month to 1,42,850 units compared to 1,33,732 units in July 2021. "The shortage of electronic components had a minor impact on the production of vehicles, mainly in domestic models," the company said in a statement. The company's sales were driven mainly by compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, which rose to 84,818 units in July 2022 from ...

Tata Motors' shares climb nearly 7% post 51% jump in July sales

Shares of Tata Motors on Monday jumped nearly 7 per cent after the firm reported a 51.12 per cent increase in total sales last month. The stock advanced 6.58 per cent to end at Rs 479.25 apiece on the BSE. During the day, it jumped 6.94 per cent to Rs 480.90. On the NSE, it climbed 6.77 per cent to settle at Rs 480.05 apiece. It was the biggest gainer among the Nifty-50 components. Meanwhile, the 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to settle at 58,115.50. The broader NSE Nifty advanced 181.80 points or 1.06 per cent to 17,340.05. In volume terms, 66.40 lakh shares of the company were traded on the BSE during the day and over 4.30 crore shares on the NSE. On Monday, Tata Motors reported a 51.12 per cent increase in total sales at 81,790 units in July 2022, driven by the strong performance of its passenger vehicles in the domestic market. The company had sold a total of 54,119 units in domestic and international markets in July last year, Tata Motors said

Tata Motors reports over 51% rise in sales to 81,790 units in July

Tata Motors on Monday reported a 51.12 per cent increase in total sales at 81,790 units in July 2022, driven by the strong performance of its passenger vehicles in the domestic market

Volume recovery, margins key to Jaguar Land Rover taking the wheel

Subsidiary of TaMo's India biz continues to expand on volumes, market share

F&O expiry: Sensex soars 1,041 pts, Nifty tops 16,900; Bajaj twins leap 10%

CLOSING BELL: Tata Steel, Kotak Bank, IndusInd Bank, Nestle, Infosys, Asian Paints, and Tech M were the other outperformers, up between 3 per cent and 4.6 per cent

Stocks to watch: Dr Reddy's, Tata Motors, HAL, Bajaj Finance, Nestle India

Stocks to watch today: Dr Reddy's, Bajaj Finserv, Nestle India will report their June quarter results on Thursday, July 28; HAL signed $100 million contract with Honeywell for HTT-40 engines.