Eicher Motors said it has launched some category-defining motorcycles through the year and it is encouraging to see the response to its recently launched motorcycles both in India and int'l markets.
The budgetary allocation for this scheme is Rs 25,938 crore
According to sources, Tata Motors submitted an incentive claim of approximately Rs 142.13 crore based on determined sales in FY 2023-24
Technical charts show the Nifty Auto index can potentially rally another 10% to 26,180 levels; while select stocks such as M&M, Tata Motors and Ashok Leyland can surge up to 15%.
In 2024, an average of 12.43 petrol, diesel, CNG, or hybrid vehicles were sold for every EV- an improvement from 15.67 in 2023 and 21.05 in 2022
This has been made possible by declining global costs of battery cells for EVs
The northward move in the Tata Motors share today came after domestic brokerage DAM Capital upgraded Tata Motors to 'Buy' from 'Neutral'
In the past six months, the auto index on both the BSE and NSE has underperformed the market by falling 8 per cent, compared to the 0.34 per cent decline in the benchmark indices Sensex and Nifty
Tata Group companies' shares increased following reports of Tata Capital planning to raise Rs 15,000 crore through an initial public offering (IPO)
On BSE, 0.26 million shares changed hands, while on NSE, 5.39 million shares were traded
The company aims to offset these increased costs through the price adjustment. While the exact price increase will vary based on the specific model and variant
Maruti, Hyundai and Mahindra & Mahindra (M&M) have already announced to increase prices
Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.
The Pune facility's inauguration comes amid a growing focus on organised scrapping solutions in India
As many as 27 out of the Nifty 50 stocks are trading below their respective long-term moving average; analysts see this as an overall weak trend in the market.
Tata Motors is expecting passenger vehicle (PV) retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, according to a top company executive. As per FADA data, festive demand helped PV retail sales rise 32 per cent year-on-year (YoY) to 4,83,159 units in October. The segment reported a 7 per cent YoY increase to 6,03,009 units during the 42-day festival period this year. In September, PV retail sales had seen a dip of 19 per cent to 2,75,681 units. The Mumbai-based auto major saw its PV volumes decline 6 per cent YoY to 1,30,500 units in the July-September period hit by tepid demand. "In quarter three, we expect retail to be strong, driven by festivities and the year-end demand. Industry wholesale may be lower than retail, so as to reduce the channel inventory ahead of the new calendar year. That is for the industry," Tata Motors Passenger Vehicles MD Shailesh Chandra said in an analyst call. The automaker, on its part, will focus on driving ...
In Jan 2024, the luxury car maker announced its plans to transition to fully electric car line up by 2025
Tata Motors said that it has 'done the maths' on the BaaS model, and is 'unconvinced' about its passenger vehicles
The recovery in the Tata Motors share price despite weak Q2 results, analysts believe, is due to valuation comfort
The stock fell 1.74 per cent on Friday to Rs 805 per share, as the company missed street estimates, which had projected a net profit of around Rs 5,000 crore