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
Titan (up 6 per cent), Bajaj Finserv, Bajaj Auto, Divis Labs, SBI, Hindalco, and Hero MotoCorp were the top gainers on the 50-pack index
The NSE Auto index seems well placed to test its all-time high; Prominent auto stocks like Tata Motors, Bajaj Auto, Hero MotoCorp and TVS Motor can gain 3.5-10 per cent
Six companies are slated to announce earnings today including BEPL, DRC Systems India, JTL Infra, and Ind Bank Housing
Global sales of JLR stood at 78,251 vehicles in the September quarter
Despite the impact of the semiconductor shortage on production and sales, JLR continues to see strong demand for its products with global retail orders at record levels in excess of 125,000 vehicles
The overall trend in rate sensitive stocks is positive and this unchanged policy may trigger further upside, once near term resistances are crossed
Tata Motors fund raising has attracted multiple private equity funds from the US, Middle East and Southeast Asia for for EV business.
Group Chairman Chandrasekaran, Tata Motors top-level delegation meet Stalin in a span of 2 weeks
Morgan Stanley said it believes Tata Motors will see the highest operating and financial leverage gains
Shares of India's Tata Motors surged to their highest levels in nearly four years on Thursday after Morgan Stanley Research upgraded the stock
Foreign brokerage firm Morgan Stanley upgraded the stock with an overweight rating from equal-weight and raised target price to Rs 448 from Rs 298 earlier on the back of improved business outlook
Tata Motors on Monday expanded its product range in the country with the unveiling of its sub-compact SUV Punch. The company plans to launch the model on October 20, and has commenced bookings on its website and sales network across the country for Rs 21,000. The Punch, which would sit below Nexon in the company's product line up, comes with a 1.2 litre petrol engine mated to both manual and automatic transmissions. 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. "As we have seen over the last few years, SUVs today have gone beyond just mere size and it is more about attitude and expression. People have been looking for a smaller SUV or a sub-compact SUV which is relatively a wide space. Punch has been designed keeping in mind the customer requirements," Tata Motors PVBU Vice-President (Sales, Marketing & Customer Care) Rajan Amba told PTI. Customers are these
The company expects demand for cars and SUVs to remain strong in the forthcoming festive season; however, the supply situation for electronic components may continue to witness challenging time
Following the restructuring announced by Ford, Mehrotra, 48, resigned from the firm on September 24