Tata Motors Finance

Tata Motors on Friday reported an 8 per cent year-on-year increase in group global wholesales, including that of Jaguar Land Rover (JLR), at 3,61,361 units in the fourth quarter of FY23. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in the January-March period this year stood at 1,18,321 units, up 3 per cent over the same period of FY22, Tata Motors said in a statement. Dispatches of all passenger vehicles in the fourth quarter increased 10 per cent to 1,35,654 units over the corresponding quarter of the previous fiscal, it said. Global sales of JLR stood at 1,07,386 vehicles in the March quarter, which comprised 15,499 units of Jaguar and 91,887 units of Land Rover, it said.

The move will help simplify the company's financial reporting requirements and reduce administrative costs, it said

Will look to sell 100K units by next year, said Tata Motors chairman N Chandrasekaran

Semiconductor shortage has 'disproportionately adverse impact' on UK subsidiary, says Indian company in annual report

Comes close on the heels of order signed with BluSmart for 3,500 Xpres-Ts

TaMo to take over land, plant building, machinery, and vehicle assembly along with all workers employed by the unit

Group's net debt fell to Rs 2.04 trn in FY21 from Rs 2.6 trn a year ago; Debt of unlisted Tata Sons, the holding company, will go up this fiscal with Air India deal

Shareholders of two lending companies clear plans to sell loan assets up to Rs 14,500 crore.

Move to free up capital for both Tata Motors vehicle finance companies

The board meeting is scheduled to be held on May 18, 2021 to consider and approve the audited financial results for the quarter and financial year ended March 31, 2021

The move is aimed at securing "mutually beneficial strategic alliances" that provide access to products, architectures, power trains, new-age technologies, and capital

TMFL will be 3rd major company from Tata group this year to tap overseas market

Total assets of financial services subsidiary cross Rs 110,000 crore

It reported capital adequacy ratio of 15.25 per cent (with tier-I of 10.93 per cent) as on March 31

Company to raise another Rs 5,000 crore in local debt

In March Tata Motors had divested its entire stake in Sheba Properties to Tata Motors Finance for Rs 405.37 crore