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 ...
Tata Motors DVR sold 11.5 million new ordinary shares on stock exchanges on Tuesday
The shareholder approval will pave the way for Tata Motors to convert its shares with DVR into ordinary shares and thereby simplify its capital structure
In the past one year, shares of Tata Motors have been in top gear and have outperformed all stocks that comprise the Nifty Auto index with a rise of nearly 131 per cent during this period, shows data
Shares of Tata Motors hit a new high at Rs 801, and have zoomed 107 per cent so far in the calendar year 2023.
Tata's commercial vehicle sales stood at 28,029 units in November 2023, which was down 4 per cent year-on-year from 29,053 units sold in November 2022
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Cancellation of ordinary shares to attract three levels of taxes
CNG variants of the Punch are likely to cost Rs 50,000 to Rs 100,000 more than the regular petrol variants
The board of the automotive major approved a scheme whereby 7 ordinary shares of the company will be issued for every 10 A-shares held, and all its outstanding A-shares will stand cancelled.
Stocks to watch on July 26, 2023: Tata Motors announced the cancellation of its DVR shares. Under the scheme, 7 ordinary shares of the company will be issued for every 10 DVR shares
Shares of Tata Motors DVR rose 2.6 per cent to touch the Rs 301 mark on the BSE in Monday's intra-day trade
With debt on a substantial downward trajectory and consequently interest outgo, it outlined its intention to commensurately increase dividends, going forward positive for DVR shareholders
Thus far in the calendar year 2023, shares of Tata Motors and Tata Motors DVR have rallied 48 per cent, as compared to 2.8 per cent rise in the S&P BSE Sensex.
Tata Motors' wholesales of 107,386 units at JLR for Q4FY23, comes as a positive development as, during the last call, the company had guided for wholesales at over 80,000 units
Tata Motors will benefit from a macro recovery in India, company-specific volume/margin drivers, and a sharp improvement in FCF and leverage in both JLR and India ops, Motilal Oswal said in a note.
Shares of Tata Motors surged 7 per cent in Tuesday's intra-day trade to hit a high of Rs 417.7 apiece
India's Tata Motors Ltd on Wednesday posted a smaller quarterly loss on improved sales volumes led by increased demand for its cars
The technical analyst from HDFC Securities foresees the next resistance for the Nifty50 index at 18,114.
The decision to stay with these stocks, analysts said, should be based purely on how each of these companies is performing fundamentally