Page 7 - Tata Motors

Tata Motors Q2 net loss narrows to Rs 944.6 crore; margins improve

India's Tata Motors Ltd on Wednesday posted a smaller quarterly loss on improved sales volumes led by increased demand for its cars

Sensex gyrates 537 points, ends 152 pts down; Nifty PSU Bank index rises 4%

CLOSING BELL: The Nifty50, meanwhile, shut shop at 18,157, down 46 points or 0.25 per cent

Stocks to watch: Tata Motors, Coal India, Paytm, Sun Pharma, GCPL, VST Inds

Stocks to watch today: Tata Motors, Pidilite Industries will report the July-September quarter (Q2FY23) results on Wednesday, November 9; Coal India saw 102 per cent jump in net profit to Rs 6,044 cr

Tata Motors beats target, becomes India's first to roll out 50,000 EVs

The firm which entered EV market in 2020, is now focusing on a three-phased architecture approach for such vehicles and plans to launch 10 EVs in five years

LIC shareholding in Tata Motors crosses 5%, invests Rs 11.39 crore

Shareholding by Life Insurance Corporation (LIC) in Tata Motors Ltd has crossed 5 per cent as the insurer stepped up shareholding over the past ten months, investing Rs 11.39 crore in the auto company. LIC said its shareholding in Tata Motors Ltd has increased from 16,59,48,741 to 16,61,98,741 equity shares increasing its shareholding from 4.997 per cent to 5.004 per cent of the paid-up capital of the company, the insurer said in a regulatory filing on Tuesday. "Holding in the company has crossed 5 per cent on October 31, 2022," LIC said. The acquisition of shares were done during the period from December 3, 2021 to October 31, 2022 at an average cost of Rs 455.69. As per regulatory norms, listed companies are required to inform stock exchanges when their shareholding in a company crosses 5 per cent. Tata Motors has a market capitalisation of Rs 1.38 lakh crore. Stock of LIC closed at Rs 605.30 apiece on BSE, up by 0.22 per cent from previous close. Tata Motors scrip ended at Rs .

Tata Motors' total sales in Q2 up 15.5% to 78,335 units in October

Tata Motors on Tuesday reported a 15.49 per cent rise in total sales at 78,335 units in October 2022. The company had sold a total of 67,829 units in the same month last year, Tata Motors said in a statement. Total domestic sales were at 76,537 units as against 65,151 units in the year-ago month, a growth of 17 per cent, it added. Passenger vehicle (PV) sales, including electric vehicles, in the domestic market were at 45,423 units as compared to 34,155 units in the same month last year, up 33 per cent. Exports of PVs were down 10 per cent at 206 units from 230 units in October 2021. Electric vehicle sales, including international business, were at 4,277 units as against 1,660 units in the same month a year ago, the company said. Sales of commercial vehicles in the domestic market were only marginally higher at 31,320 units as compared to 31,226 units in the year-ago month, while exports were down 35 per cent at 1,592 units as against 2,448 per cent in October 2021.

Registration of electric passenger, motor vehicles doubles this year

Driving growth is Tata Motors, with 25,795 registrations, against 10,200 last year

Not me, but CPI(M) drove Tata Motors out of Singur: Bengal CM Mamata

On a sunny afternoon just two days before Durga Puja in 2008, then Tata Group Chairman Ratan Tata had announced to pull out the ambitious Nano small car project from Singur in West Bengal's

Sensex gains 147 pts; Nifty holds 17,500; Rupee hits record low of 83/$

CLOSING BELL: HDFC, Nestle India, ITC, RIL, Axis Bank, and Ultratech Cement were the top gainers

Tata Motors bags order for 200 e-buses; to be deployed in Jammu, Srinagar

Tata Motors on Tuesday said it has received an order for 200 electric buses which will be deployed in Jammu and Srinagar. The Mumbai-based auto major has won the tender of 200 electric buses floated by Jammu Smart City Ltd, it said in a statement. The automaker will supply 150 units of 9-metre and 50 units of 12-metre Starbus electric buses, it added. As part of the contract, Tata Motors will operate and maintain the buses for a period of 12 years. "Sustainable public transport is the need of the hour, and we are delighted that Tata Motors has got the opportunity to serve the commuters in Jammu & Kashmir," Tata Motors Smart City Mobility Solutions CEO and MD Asim Mukhopadhyay said. Since 2019, Tata Motors' 40 electric buses have been plying in Jammu and Kashmir along with a cumulative supply of 715 electric buses across multiple cities in India.

Results preview: Strong operational show to drive Q2 for auto firms

Easing chip supply, demand for premium models and price hikes at play

Tata Motors' website faces glitches after customers rush to book Tiago.ev

Tata Motors on Monday said its website faced temporary glitches as customers rushed in to book its recently introduced electric hatchback Tiago.ev. Bookings for the model commenced on Monday and deliveries are expected to commence from January next year. "We are overwhelmed with the response to the Tiago.ev at our dealerships and on our website. With thousands of customers rushing to book online at the same time, the website slowed down for a bit and is restored. We regret the inconvenience to our customers," Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said in a statement. All customer enquiries and booking-related concerns are being suitably addressed, he added. The auto major had launched the electric model on September 28 with introductory prices for the first 10,000 customers ranging between Rs 8.49 lakh and Rs 11.79 lakh (ex-showroom). Tiago EV is now the most accessible electric passenger vehicle brand in the country and also the most affordable in the

Analysts bet on TaMo's India biz as JLR Q2 sales disappoint; stock dips 5%

Following the development, global brokerage JP Morgan downgraded the stock from 'overweight' to 'neutral' with a September 2023 price target of Rs 455.

Tata Motors' global sales up 33% in Sept quarter at 335,976 units

Tata Motors on Monday reported 33 per cent increase in global sales, including that of Jaguar Land Rover to 3,35,976 units in September quarter 2022. It had sold 2,51,689 units in the same period last year. Global wholesale units of all Tata Motors' commercial vehicles and Tata Daewoo range in the quarter stood at 1,03,226 units, up 16 per cent from 89,055 units a year ago, the company said in a statement. Global sales of all passenger vehicles were at 2,32,750 units in the quarter as against 1,62,634 units in the year-ago period. Global sales of JLR stood at 89,899 units in the period under review. While Jaguar wholesale stood at 16,631 vehicles, Land Rover wholesales were 73,268 units. JLR had sold 78,251 units in July-September last fiscal year.

Tata Motors dips 5% on lower-than-expected JLR wholesale volumes in Q2

However, Tata Motors said it is witnessing healthy demand for its products with the order book increasing to ~2.05 lakh units vs. ~2 lakh units as of Q1FY23

Centre aiming to replace petrol, diesel-powered fleet with EVs soon: Report

CESL, the agency that handles the acquisition of EVs for the centre and the state governments, said that it has received an order of 3,500 EVs

Tata Motors looking to introduce four wheel drive capability in its e-SUVs

Tata Motors is actively looking at introducing four wheel drive technology in electric versions of its sports utility vehicles going ahead, according to company's passenger vehicle business head Shailesh Chandra. The home-grown auto major currently does not offer four wheel drive trims in any of its existing product range which includes models like Nexon, Harrier and Safari. The company aims to have a portfolio of ten electric products, a mix of existing nameplates and all new models, by 2025. Tata Motors is looking at models above the Nexon range as possible candidates for the four by four (4X4) upgrade. "Our focus will be to try and do that in the electric vehicles. We are going to work on this in the electric version of our future SUVs," Tata Motors Managing Director - Passenger Vehicle and Electric Vehicles - Shailesh Chandra told PTI when asked if the company is also considering four wheel drive trims in its SUV range. Some of the products in the company's expected line up of

Top headlines: GST collections rise 26%, 5G launch in India and more

From Airtel to roll out 5G services nationwide by March 2024 to Tata Motors' achieving its highest ever domestic monthly sales of passenger vehicles, here are the top headlines this evening

Tata Motors clocks record domestic monthly PV sales in Sept at 47,654 units

In September 2022, PV sales increased by 85 per cent. India's third largest carmaker sold 25,730 PV units in September 2021

Analysts remain bullish on Tata Motors as company drives in Tiago EV

Analysts at Nomura expect the Tiago EV to sell 3,000 - 5,000 units per month, and its overall EV sales to touch 60,000/ 96,000 in FY23/24