The move comes close to the heels of the company tieing up with Tata Power to set up the electric vehicle charging infrastructure (EVCI) across the country
The DVRs carry lower voting rights but offer higher dividends
The upgrades reflect the view that the credit profiles of the Tata Group entities are strengthened by their importance to Tata Sons, with potential for financial support
Will take some time to restore normalcy, say auto suppliers
The latest model aims to wean buyers off hatches and compact sedans
Tata Motors on Monday launched its sub-compact SUV 'Punch' in the country, with price starting at Rs 5.49 lakh (ex-showroom). Designed across Tata Motor's studios in India, the UK and Italy, the model has been developed to herald an entirely new category the sub-compact SUV, to address a growing customer need for a small in size but big on space, safety, performance and features. Built on the company's Agile Light Flexible Advanced (ALFA) Architecture, Punch would sit below Nexon in the company's product line-up. It comes with a 1.2-litre petrol engine mated to both manual and automatic transmissions. As per Tata Motors, the manual trims of the model deliver an ARAI certified fuel efficiency of 18.97 kmpl while the AMT (automated manual transmission) variants offer 18.82 kmpl to a litre. The model comes with SUV attributes like tall seating, high ground clearance, 370 mm water wading capability and traction feature to aid recovery in off-road situations. It has received 5-star ad
Combined m-cap of listed Tata players, excluding TCS, is up 102% this year, so far
Tata Motors said its upcoming SUV Punch has received 5-star adult safety rating for adult occupant protection in a crash test from Global NCAP
This is a 22% rise in valuation; TCS, Tata Motors and Titan top the charts in absolute terms, Nelco and Tata power lead the percentage table
Tata Motors holds approximately 12 per cent weight in the Nifty Auto index, and trails Maruti Suzuki and Mahindra & Mahindra
Tata Motors will remain the dominant player in the EV segment given that the company is first mover in the segment and has created a strong brand among the consumers, say analysts
Live news updates: India allows domestic flights to fly at full capacity; IMF maintains growth projection for country.
Sectorally, all but the Nifty Realty index ended the session in the green led by the Nifty Auto index (up 3.4 per cent).
Shares of Tata Motors DVR were locked at the 20 per cent upper circuit, while Tata Motors too surged nearly 20 per cent in intra-day trade on the BSE today
Indian shares hit record highs on Wednesday as Tata Motors soared on plans to boost electric-vehicle investments
TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated.
Infosys, Wipro and MindTree on investors' radar ahead of the September earnings. Airline stocks also likely to be in limelight as aviation ministry allows 100 per cent occupancy for domestic flights
The EV business in the commercial vehicles segment will remain with the parent company and is out of the purview of this deal
"The aim is to lead the EV charge in the market," said Shailesh Chandra, head of Tata Motors' passenger vehicles business
TaMo and TPG Rise Climate have entered into a binding agreement under which TPG Rise Climate along with its co-investor ADQ, will invest in a subsidiary of TaMo that will be newly incorporated