This is for an aggregate consideration of Rs 3,750 crore as the first tranche of the potential investment aggregating Rs 7,500 crore, announced by the company in October 2021
TPG Rise Climate along with co-investors would secure between 11-15 per cent stake in the new subsidiary
Tata Motors said the cost of battery cells had increased by around 20% because of a global surge in raw material prices, mainly lithium, putting pressure on the company in the short-term
The Nifty Auto index and the key stocks are trading near significant resistance levels while exhibiting sideways movement, upside breakout could see significant long additions.
Homegrown auto major Tata Motors on Tuesday said it will hike prices of its commercial vehicles range by 2-2.5 per cent, depending upon individual model and variant, from April 1
Tata Motors on Monday said it has launched its premium hatchback Altroz with dual-clutch automatic transmission, priced between Rs 8.09 lakh and Rs 9.89 lakh (ex-showroom). Altroz DCA comes equipped with several segment-first features, such as a wet clutch with active cooling technology, machine learning, shift by wire technology, self-healing mechanism, and auto park lock. The model is powered by a 1.2-litre petrol engine. "Since the commencement of bookings for the Altroz DCA, we are witnessing an encouraging number of queries. The Altroz DCA with its segment-first features will certainly captivate the minds of prospective buyers and provide a seamless driving experience," Tata Motors Passenger Vehicles Vice President (Sales, Marketing and Customer Care) Rajan Amba said. With more than 1.25 lakh happy customers, Altroz has witnessed an overwhelming response from customers and set certain benchmarks in the segment, he added. "The addition of the Altroz DCA will bolster our produc
The company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is also planning to develop around 10 more new offerings in the segment
Homegrown auto major Tata Motors on Monday said it has bagged a contract for 65 electric vehicles (EVs) from Kerala State Electricity Board (KSEB).
Shareholders of two lending companies clear plans to sell loan assets up to Rs 14,500 crore.
Pharma shares are likely to be in limelight as NPPA may allow up to 10 per cent hike on scheduled drugs in the month of April.
Tata Motors said it is deploying over 100 mobile showrooms across the country as part of an initiative to offer doorstep car buying experience in the rural areas.
Tata Motors on Wednesday said it has commenced bookings for the Altroz DCA, the dual-clutch automatic version of the premium hatchback. The bookings for Altroz DCA can be done at all authorised dealerships of the company with an amount of Rs 21,000 and deliveries for the same will start from mid-March, the auto major said in a statement. The new version will be available in top three variants of Altroz -- XT, XZ and XZ+ of 1.2 litre petrol engine. "Taking our success story further, we wanted to delight our customers by introducing a world-class automatic transmission to the line-up in the form of the Altroz DCA," Tata Motors Passenger Vehicles' Vice President for Sales, Marketing and Customer Care, Rajan Amba noted. Altroz DCA comes with a wet clutch transmission, which ensures the best performance for all driving conditions. Altroz is the company's first vehicle which is based on the ALFA (Agile Light Flexible Advanced) architecture.
Closing Bell: The benchmarks were bogged down by Maruti Suzuki, Dr Reddy's Labs, Bajaj Auto, Hero MotoCorp, ICICI Bank, HDFC twins, Eicher Motors, and Sun Pharma
Auto stocks are likely to react to the monthly sales reported over the last two days. Tata Motors and M&M sales reported strong sales.
The company had dispatched 58,366 units in February 2021.
It had first grabbed the pole position in the SUV segment in October 2021 after the launch of the Punch, a sub-compact SUV offering
Tata Motors rolled out special edition version of its SUV models, including Punch and Safari, priced between Rs 8.58 lakh and Rs 20.99 lakh (ex-showroom)
LIC has not paid any dividends in nearly three years, something that may have helped shore up the insurer's net worth ahead of its IPO. More on that in our top headlines.
Equity value of India business comprised of commercial and passenger vehicles now accounts for over half the value in SOTP calculations as compared to 0-30% two years ago
The Nifty Auto index can rally towards the 12,500-mark on a breakout above 11,900-level; base support seen around the 11,000-mark.