New Delhi: The country’s largest two-wheeler maker Hero MotoCorp’s market cap reached Rs 1 lakh crore for the first time on Tuesday as its stock crossed the Rs 5,000 mark. Hero’s stock has surged 85.42% in the last 12 months and 21.8% so far this year. Investors have been upbeat on the stock on the … Read more
Tata Motors, India’s largest automaker by revenue, trumped Street expectations with amore than threefold surge in net profit in the March quarter propelled by strong performances across its three business verticals. The parent of British luxury carmaker Jaguar Land Rover Automotive Plc reported a net profit of Rs 17,528 crore in the three months ended … Read more
Having reported record high revenue, profits and free cash flows, Tata Motors now expects to become net automotive debt free on a consolidated basis in FY25, it said in a stock exchange filing. The company is ‘cautiously optimistic’ on domestic demand over the full year, but expects the first half of the financial year to … Read more
Tata Motors is planning to hive off its vehicle financing subsidiaries under Tata Motors Finance Ltd by way of a merger with Tata Capital, to streamline its operations and deleverage its balance sheet, said people in the know. The process will involve a share-swap agreement. Group holding company Tata Sons will offer shares of Tata … Read more
May 09, 2024, 03:32:49 PM IST Around 10 companies witnessed the highest selling by mutual funds in March, according to a press release by Prime database. Here is the detailed list. Agencies 2/11 Persistent Systems Mutual funds sold around 1.82 crore shares of Persistent Systems in March taking the total number of shares to 1.61 … Read more
The country’s favorite car is now from Tata, not Maruti. In a significant shift in the Indian automotive sector, Tata’s ‘mini SUV’ Punch has taken the lead as the best-selling model in the nation, surpassing some of Maruti’s well-known models such as WagonR, Swift, and Brezza, TOI said in a report on Tuesday.In March 2024, … Read more
Chennai: Ashok Leyland, the Hinduja Group flagship, will roll out six new light commercial vehicles (2-3.5 tonne) in the next 12 months as part of a plan to increase its LCV market share to 25% from 20% now, a top official said. “This year, we have six versions of the Dost lined up. We will … Read more
Various widely tracked companies like Tata Motors, SBI, Asian Paints, BPCL, Larsen & Toubro, Tata Power, Canara Bank, TVS Motor, Hero MotoCorp, Godrej Consumer Products, JSW Energy, Dr. Reddy’s Laboratories, PB Fintech, and Bank of Baroda will be releasing their March quarter report cards this week. Here’s a list: May 6 Godrej Consumer Products, CG … Read more
Domestic automobile majors Mahindra & Mahindra and Tata Motors have received a record number of patent approvals for a wide spectrum of product and process innovations in the last financial year. Mahindra & Mahindra (M&M) received 674 approvals, its best-ever annual performance, while Tata Motors also witnessed the grant of 333 patents during the 2023-24 … Read more
Tata Motors on Monday said it has tied up with South Indian Bank to offer financing solutions to its commercial vehicle customers and dealerships. As part of the Memorandum of Understanding (MoU), South Indian Bank will offer financing solutions across the auto major’s entire commercial vehicle portfolio, Tata Motors said in a statement. “For our … Read more
