The stock is the top loser on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)
Analysts anticipate robust results for Tata Motors, propelled by the advantages of operating leverage, favourable commodity trends and strong volume growth across its various segments
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
'The demerger is a logical progression of the subsidiarisation of PV and EV businesses done earlier in 2022 and shall further empower the respective businesses,' Tata Motors said in a statement
The company said work would start this year on the automaker's first three UK solar projects in Gaydon, Halewood and Wolverhampton, which should be completed by the end of 2026
The auto major's Q3 net profit beat analyst estimates, growing by 137 per cent YoY to Rs 7,025 crore on favourable volumes, reduced costs on component sourcing with easing semiconductor chip supplies.
Tata Motors-owned Jaguar Land Rover on Monday reported a 27 per cent rise in total wholesales at 1,01,043 units in the third quarter ended December 31, 2023, as compared to the year-ago period. Jaguar Land Rover (JLR) delivered the highest wholesales in 11 quarters during the period, a statement by JLR shared on BSE by Tata Motors said. Year-to-date wholesales for FY24 were 2,91,113 units, up 28 per cent year-on-year, it added. The order book continues to reflect strong demand for JLR products with 1.48 lakh client orders at the end of the third quarter. This has reduced from 1.68 lakh at the end of the second quarter, reflecting increased order fulfilment to clients and resulting in improved client waiting times for the vehicles, JLR said. Demand for Range Rover, Range Rover Sport and Defender remains particularly strong, representing 76 per cent of the order book, it added.
Tata Motors said it remains optimistic about its performance due to a strong product pipeline, a seasonally stronger H2 and continued focus on cash accretive growth
Electric passenger vehicle sales went up by 28 per cent YoY. This includes both domestic and international business figures
Jaguar Land Rover (JLR) India on Thursday reported its highest-ever performance in the first half of this fiscal with sales of 2,356 units. The automaker had retailed around 1,194 units in the April-September period of the last financial year. The strong half-yearly growth was driven by record sales in both quarters, with Q2 witnessing a 108 per cent year-on-year (YoY) growth and retails of 1,308 units, JLR India said in a statement. The company had previously reported a 102 per cent sales growth in Q1, compared to the same period last year, it added. "The consistent growth in our order book exemplifies the growing strength of our brand and products in the hearts of Indian consumers," JLR India Managing Director Rajan Amba stated. The company would continue to introduce new products that are best suited to meet the discerning needs of customers and invest in strengthening brand desire and client experience, he added. The order book in FY24 has seen consistent growth, with the fir
The Punch is based on the same ALFA (Agile, Light, Flexible, Advanced) architecture on which the Tata Altroz has been built and got five-star safety ratings from the Global NCAP
Domestic sales did not see any noticeable change with a difference of only 134 vehicles YoY
Tata Motors has planned an investment of Rs 8,000 crore in FY24
CNG variants of the Punch are likely to cost Rs 50,000 to Rs 100,000 more than the regular petrol variants
Performance rides on 209% growth in the Range Rover, Range Rover Sport, Defender sales
So far this calendar year (CY23), shares of Tata Motors jumped 61 per cent, as against a 9.6 per cent surge in the S&P BSE Sensex
JLR, Tata Motors to be anchor customers of EV battery unit
The plant is set to make batteries for Jaguar Land Rover's planned range o fully electric models that are due from 2024.
Brokerages have retained 'Buy' rating on Tata Motors post the recent JLR investor day meet.
BMW's sales for the quarter (January-March) were down 14 per cent year-on-year as the company sold 2,268 units