Page 2 - Tata Motors

Tata Technologies submits IPO papers with Sebi to raise capital via OFS

Currently, Tata Motors holds 74.42 per cent stake in Tata Technologies, while Alpha TC Holdings which is a singapore-based investement firm managed by Tata Capital Advisors owns 8.96 per cent

Tata Technologies, a unit of Tata Motors, seeks Sebi approval for IPO

The initial sale in the engineering unit of luxury carmaker Jaguar Land Rover's owner will comprise a 23.6% stake, according to a filing

Maruti, Hyundai market share dips in Feb; Tata, Mahindra gain: FADA

Maruti Suzuki India and Hyundai Motor India saw a dip in their market share in February while Tata Motors, Mahindra and Kia India witnessed an year on year increase last month. As per the retail sales data collated by the Federation of Automobile Dealers Associations (FADA), Maruti Suzuki's retail sales last month stood at 1,18,892 units as compared with 1,09,611 units in February 2022. The auto major's market share however declined marginally to 41.40 per cent in February from 42.36 per cent in the year-ago period. Similarly, Hyundai Motor India's market share last month dipped to 13.62 per cent against 14.95 per cent in February 2022. The company retailed 39,106 units last month as compared with 38,688 units in the same month last year. As per FADA, Tata Motors retail sales rose to 38,965 units in February from 34,055 units in the year ago period. Its market share rose to 13.57 per cent last month from 13.16 per cent in February 2022. Similarly, Mahindra & Mahindra saw its ...

Sensex sheds 502 pts, Nifty holds 17,300; Adani group stocks rise up to 5%

CLOSING BELL: The broader indices also outperformed, BSE Midcap and Smallcap indices were down up to 0.2 per cent as against the 0.8 per cent decline on the BSE benchmark.

Stocks to watch: HDFC Bank, NMDC, PVR, Lupin, Sunteck Realty, Tata Motors

Stocks to watch today: From HDFC to PVR, here are top stocks to watch in Thursday's trading session

Overall passenger vehicle dispatches cross 335,000 units in February

Driven by strong demand, the overall passenger vehicle dispatches crossed 3.35 lakh units in February as automakers, including Maruti Suzuki India, Hyundai, Tata Motors and Mahindra & Mahindra, reported robust sales during the month. The dispatches of more than 3.35 lakh units last month marked an 11 per cent over February 2022. It was also the highest ever overall wholesales in the month of February. The country's largest carmaker Maruti Suzuki India on Wednesday said its domestic wholesales rose 11 per cent to 1,55,114 units in February as compared with 1,40,035 units in the same month last year. The sales of mini segment cars, comprising Alto and S-Presso, grew to 21,875 units as against 19,691 units in February 2022. According to the automaker, the sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, rose to 79,898 units in February as compared with 77,795 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, S-Cross

Tata Motors vehicle sales accelerate by 3% at 79,705 units in February

Tata Motors on Wednesday reported 3 per cent year-on-year growth in total wholesales at 79,705 units in February. In the year-ago period, the company's total vehicle sales stood at 77,733 units. Domestic vehicle sales were up 6 per cent at 78,006 units last month over 73,875 units in February 2022, Tata Motors said in a statement. The company said its passenger vehicles domestic sales, including electric vehicles, during the month under review stood at 43,140 units as against 40,181 units in the corresponding period last year. The total commercial vehicles domestic sales, however, declined 3 per cent to 36,565 units last month from 37,552 units a year ago, it added.

BPCL, Tata Motors lead upgrades race after Q3, Zomato, ABFRL downgraded

Oberoi Realty and ACC too see substantial increase in their earnings forecasts for the ongoing financial year

Tata team arrives for inspection after BEST took 400 CNG buses off road

Mumbai's civic transport body BEST on Thursday said the nearly 400 CNG-run buses which were taken off roads after three recent incidents of fire will be back in service only after a written assurance of safety is received from manufacturer Tata Motors. A team of TATA Motors Engineering arrived in the city from Lucknow on Thursday and is re-examining all these buses for compliance of safety standards, BEST said in a statement. Once they complete examination of safety parameters and give necessary clearance and written commitment and assurance of safety norms compliance, these buses will be put to service, it said, adding that the exercise is likely to be completed in six or seven days. On Wednesday evening, BEST undertaking announced taking 400 leased buses of M/S Mateshwari Limited off roads after a third incident of a CNG bus catching fire within one month. The 400 leased CNG buses of Mateshwari operate on around 40 routes, BEST sources said. Commuters faced a lot of inconvenien

Tata Motors in talks to raise $1 bn via stake sale in EV business: Report

Indian carmaker, Tata Motors has begun discussions with soverign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division

Sensex, Nifty end flat after volatile day; NTPC gains 3%, PSB index dips 2%

CLOSING BELL: Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto, UPL, Sun Pharma, Tata Motors, HDFC Life, Ultratech Cement, TCS, and Wipro were the top laggards

Top headlines: Adani Green Energy capex plan, Tata Motors-Uber deal

Business Standard brings you the top headlines at this hour

Stocks to Watch: Asian Paints, Adani Green, JK Tyre, Tata Motors, GR Infra

Stocks to Watch: Adani Green Energy (AGEL) has decided to review its capital expenditure (capex) plan of Rs 10,000 crore for financial year 2023-24 (FY24)

Tata Motors bags India's largest electric vehicle fleet order from Uber

To deliver 25,000 XPRES-T EVs in a phased manner

Tata Motors to induct 25,000 EVs into Uber's premium service in India

Tata Motors on Monday signed a memorandum of understanding (MoU) with ride-hailing platform Uber to induct 25,000 XPRES-T electric vehicles into its premium category service in India

Tata Motors to supply 25,000 XPREST electric vehicle units to Uber

Tata Motors on Monday said it will supply 25,000 XPREST electric vehicle units to Uber in one of the largest deals in the green mobility space till date. As per a memorandum of understanding inked between the two entities, Uber will utilise the electric sedans in its premium category service, the companies said in a joint statement. The electric fleet would be operational across Delhi NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad, it added. The Mumbai-based automaker will begin the deliveries of the cars to Uber fleet partners in a phased manner, starting this month. The companies did not provide the financial details of the deal. The price of a single unit of XPREST starts from Rs 13.04 lakh (ex-showroom Delhi). A single unit of X-Pres-T (ex-showroom), with a range of 315 km, is priced at Rs 14.98 lakh and entails a FAME subsidy of Rs 2.6 lakh. "In line with our commitment to grow sustainable mobility in the country, we are delighted to partner with Uber, In

Tata Motors to operationalise Ford's Sanand unit in Gujarat in 12-18 months

Tata Motors is looking to commence operations at the Gujarat-based manufacturing plant it acquired from Ford, over the next 12-18 months to scale up its production capacity, according to its head of passenger vehicle business. The automaker earlier this month completed the acquisition of Ford India's manufacturing plant at Sanand through a subsidiary. In August last year, the company had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd's (FIPL) Sanand plant, Gujarat for Rs 726 crore. Tata Motors had earlier noted that with its manufacturing capacity nearing saturation, the acquisition is timely and a win-win for all stakeholders. The Sanand plant has a manufacturing capacity of 3 lakh units per annum, which is scalable to 4.2 lakh units per annum. TPEML is in the process of making necessary investments to reconfigure the plant to adapt to the Mumbai-based automaker's existing and future vehicle platforms. The unit is adjacent to th

Rising demand, better chip supplies powering TaMo's ride out of losses

Growing global and domestic demand, better semiconductor chip supplies, and softening commodity prices are powering the automotive manufacturer's ride out of losses

Tata Motors posts 6.4% growth in total vehicle sales at 81,069 units in Jan

Tata Motors on Wednesday reported a 6.4 per cent growth in total vehicle sales at 81,069 units in January. In the year-ago period, the company's total vehicle sales stood at 76,210 units. Domestic vehicle sales were up 10 per cent at 79,681 units in the previous month over 72,485 units in 2022, Tata Motors said in a statement. The company said its passenger vehicles domestic sales, including electric vehicles, during the month under review stood at 48,289 units, which was 18 per cent higher when compared to 40,942 units in the corresponding period of the last year. The total commercial vehicles domestic sales, however, declined 7 per cent to 32,780 units in January 2023 from 35,268 units a year ago, it added.

Tata Motors raises final tranche of Rs 3,750 crore from TRG Rise Climate

Tata Motors on Tuesday said it has raised the second and final tranche of Rs 3,750 crore from TPG Rise Climate as per an agreement inked in 2021. In October 2021, Tata Motors announced that it will raise USD 1 billion in its passenger Electric Vehicle (EV) business from TPG Rise Climate in exchange for compulsorily convertible preference shares to create a portfolio of EVs and dedicated Battery Electric Vehicle (BEV) platforms. Tata Motors and TPG Rise Climate entered into a binding agreement under which TPG along with its co-investor ADQ to invest in a subsidiary of Tata Motors. "...pursuant to the Agreement, TPG has subscribed to 3,75,00,000 compulsorily convertible preference shares of the face value of Rs 1,000 each in the subsidiary on January 31, 2023, for an aggregate consideration of Rs 37,50,00,00,000 as the second tranche of the transaction," Tata Motors said in a regulatory filing. With the subscription of the Tranche II Investor Securities by TPG, the entire investment