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
Compared with Altroz, Hyundai's i20 offers a sunroof only with Asta and Asta (O) variants, the prices for which start at Rs 9.03 lakhs, making them significantly pricier than the Altroz XM plus
Margin expansion targets for all units, debt reduction are other positives
CLOSING BELL: The S&P BSE Sensex was up 65 points, while the Nifty 50 added six points. Tata Motors, NTPC, Asian Paints, SBI and Bharti Airtel were the prominent gainers.
The stock of Tata group passenger cars & utility vehicles maker quoted at its highest level since August 19, 2022
The global semiconductor shortage has undermined the luxury carmaker's turnaround as it struggles to work through a debt reduction plan
CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent
Tata Motors-owned Jaguar Land Rover is stitching up partnerships to improve semiconductor supplies, as it looks to improve sales volume in the second half of the current financial year. In the September quarter, the marquee brand reported revenue of 5.3 billion pounds and wholesale volumes (excluding China JV) of 75,307 units, up 18 per cent, as compared with the July-September period of last fiscal. The automaker noted that despite strong demand and a record order book, sales during the second quarter continued to be constrained by the global chip shortage. "Partnership agreements with several semiconductor suppliers and more in progress are expected to enable improving volumes in the second half of the financial year ending March 2023 and beyond," JLR said in its interim report for the second quarter and six-month period ended September 30, 2022. Semiconductor supply continued to restrict production in the quarter but the production of New Range Rover and New Range Rover Sport ..
Tata Motors Q1 results preview: The likely subdued performance would be led by chip shortage woes at UK subsidiary JLR, cost input pressures, and negative operating leverage, said analysts
Stocks to watch today: Tata Motors UK subsidiary JLR is likely to halt production due to supply disruption and chip crunch; Aviation stocks in focus after jet fuel prices hiked by 16 per cent.
The group is making a transition towards sustainability across businesses which includes a clean mobility push at Tata Motors and its British luxury unit Jaguar Land Rover, N Chandrasekaran said
The company would be undertaking a price increase in its PV portfolio to pass on some of the increase in input costs of materials
The company took a hit of Rs 15,000 crore to re-cast JLR business