The loss-making manufacturer, owned by India's Tata Motors, will cut production of the Range Rover Velar and Jaguar F-Pace models that are made in Solihull
Analysts see the renewable energy sector as a long-term structural play given the growing climate awareness and the government's efforts towards adoption of green energy sources
Stocks to Watch: Archean Chemical Industries and Five Star Business Finance will make their market debut today; Tata Motors will replace Dr Reddy's in the BSE Sensex from December 19
Change effective from Dec 19, but adjustment will take place on Dec 16. After DRL's deletion, Sun Pharma will be the only healthcare stock in the index
CLOSING BELL: The S&P BSE Sensex ended with a marginal loss of 88 points, while the Nifty held the 18,300-level on Friday.
Stocks to watch today: Tata Motors bagged order for 1,000 buses from Haryana Roadways; ABFRL inked pact with Galeries Lafayette to open luxury department stores in India
Tata Motors on Thursday said it has bagged an order for 1,000 buses from Haryana Roadways. The auto major said it will supply 52-seater fully built BS VI diesel buses in a phased manner, as per the contract. "The delivery of these buses will further fortify our partnership with the Haryana government and help in offering modern public transport to the citizens of the state. We are committed towards modernising public transportation in India," Tata Motors Vice President (Product Line Buses) Rohit Srivastava said in a statement. Haryana Transport Department principal secretary Navdeep Singh Virk said the buses will provide benefits to all stakeholders alike, and offer unmatched comfort to the passengers. "The induction of the new buses will help in making inter-state public transport even more efficient, allowing smooth commute across the state of Haryana," he added.
The company has appointed Adrian Mardell (acting CFO), who has been witn the company for the past 32 years, as the interim CEO
As of now, Tata Motors Tiago EV priced between Rs 8.49 lakh and Rs 11.79 lakh is the most affordable e-car in India
Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23 but the strong growth momentum is not expected to carry over to 2023-24 with pent-up demand already been released, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. There could be a moderation on offtake of passenger vehicles (PVs) in the the third quarter of the ongoing fiscal and picking up again in the fourth quarter, but the growth rate in FY24 would also depend on the impact of new set of regulations such as BS VI phase II and new safety regulations kicking in next year, he told analysts. The first half of FY23 was very strong for the PV industry with "nearly 1.9 million vehicles", said Chandra who is also the Managing Director of Tata Passenger Electric Mobility Ltd. "Typically you would see a 48:52 kind of a ratio between H1 and H2. This time, you're going to see nearly 50:50 kind of a ratio. So, it's going to be a very strong year, highest-ever industry volume is .
Bollore's sudden resignation after a two-year stint comes at a time when the UK arm is battling various headwinds including chip semiconductor even as the order book remains strong
Stocks to Watch Today: Bikai Foods, Global Health (Medanta) set for market debut today. Meanwhile, in the F&O segment, BHEL, Delta Corp, GNFC, PNB and Sun TV were in F&O ban period on Wednesday.
India will be one of the first markets to receive Cummins' hydrogen engines, the company said
Tata Motors reported a 30 per cent year-on-year (YoY) growth in revenues while operating profit saw a 35 per cent jump
CLOSING BELL: Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent
Within the auto sector, TVS Motors has soared 79 per cent far this year. Mahindra & Mahindra and Eicher Motors were the other major gainers.
Improving chip supply and cooling commodity prices will aid revenue and margins recovery and hence aim to deliver strong improvements in EBIT and free cash flows in H2 FY23, the company said.
Stocks to watch today: Adani Green, Zomato, Eicher Motors will report the July-September (Q2FY23) results on Thursday, November 10; Bharat Forge's subsidiary bagged export order worth $155.5 million
The move will help simplify the company's financial reporting requirements and reduce administrative costs, it said
Tata Motors's stock remains listed on the BSE and the National Stock Exchange of India