Tata Motors (TML) will demerge into two separate listed companies housing the Commercial Vehicles business and its related investments in one entity and the Passenger Vehicles businesses including PV, EV, JLR and its related investments in another entity. The demerger will be implemented through an NCLT scheme of arrangement and all shareholders of Tata Motors […]
JSW Group will set up electric vehicles and battery manufacturing projects in the country’s eastern state of Odisha for Rs 40,000 crore. The company and the state government have signed a memorandum of understanding “for the establishment of an Integrated Electric Vehicles (EV) And EV Battery Manufacturing Project” in two cities, they said in a […]
Tata Motors has reported a consolidated net profit that surged 2.4 times year-on-year (YoY) in its Q3 FY24 results, reaching Rs 7,025 crore. This figure exceeded the Rs 4,654 crore estimated by analysts. The company’s consolidated revenue from operations also saw 25 per cent YoY increase, totaling Rs 1.11 lakh crore. Sequentially, the bottom line […]
Tata Motors on Sunday stated that it will increase the price of all passenger vehicles, including electric vehicles (EVs), by 0.7 per cent. The price increase will take effect on 1 February 2024 to partially cover hikes in input prices, according to a release. “This increase will be effective February 1, 2024 and is being taken to partially […]
Tata Motors noted a 4 per cent year-on-year (YoY) surge in its total domestic sales for December 2023, reaching 76,138 units compared to 72,997 units in the same month of the previous year. The Mumbai-based automotive giant also reported a marginal increase in its overall sales during the third quarter of the current financial year, […]
In a significant move to strengthen its presence in the digital logistics landscape, Tata Motors has invested in Freight Commerce Solutions, popularly known as ‘Freight Tiger’. The announcement, made through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighted Tata Motors’ plans to acquire a substantial 26.79 […]
Indian automaker Tata Motors said on Monday that it will raise the prices of its commercial vehicles by up to 3 per cent, its third hike this calendar year to offset the residual impact of past input costs. The price hike, effective from 1 October, will be applicable across its range of commercial vehicles, the […]
Tata Motors on Monday said its domestic vehicle sales dipped 4 per cent to 68,514 units in April 2023, against Rs 71,467 in the year-ago period. The sales of its commercial vehicles fell 27 per cent to 22,492 units in the reviewed month, against 30,838 units in April 2022. The company, in a statement shared […]
Tata Motors on Friday said its group wholesales surged 8 per cent to 3,61,361 units in fourth quarter of financial year 2022-23 (Q4 FY23), as compared to Q4 FY22. Group global wholesales in Q4 FY23, including Jaguar Land Rover, were at 3,61,361 units, which was higher by 8 per cent, as compared to Q4 FY22, […]
