Tata Motors has undertaken organisational restructuring of its passenger vehicle business as part of its plan to take Tata Motors Passenger Vehicle (TMPV) and Tata Passenger Electric Mobility (TPEM) to the next level of growth. Shailesh Chandra, managing director of TMPV and TPEM, announced the changes in an internal circular to the employees on January … Read more
Mumbai: Tata Motors, India’s third largest passenger vehicle maker by sales, has made a radical change in its go-to-market strategy by aligning its sales planning and demand forecasting to vehicle registration, becoming the first carmaker in the mass market to do so. Previously, the planning and forecasting were done based on retail numbers — cars … Read more
Brokerage firm UBS upgraded Infosys and downgraded Wipro ahead of the December quarter results. JPMorgan upgraded TCS, Infosys as well as HCL Technologies. JPMorgan upgraded Tata Motors to overweight.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on IT sector: Infosys, Wipro, TCS and HCL TechnologiesUBS upgraded … Read more
New Delhi: In a record year for car sales, only four companies – Hyundai, Tata Motors, Mahindra & Mahindra and Toyota – hit new highs, amid weak demand at the lower end of the market. Market leader Maruti Suzuki got to 1.71 million units, but that was still short of its pre-Covid record of 1.73 … Read more
India’s passenger vehicle market, valued at Rs 4.5 lakh crore, has been outpacing volume growth. It has just passed a milestone as annual volumes of cars, sedans and utility vehicles breached the four million mark for the first time in 2023. As per industry estimates, about 4.1 million passenger vehicles were sold in the local … Read more
New Delhi: Tata Motors on Monday reported a 4 per cent increase in its total domestic sales to 76,138 units in December 2023 as compared to 72,997 units in the same month a year ago. Passenger Vehicles (PV) sales, including electric vehicles, in the domestic market stood at 43,470 units last month as against 40,043 … Read more
Sales of cars, sedans and utility vehicles ended on a strong note last month helping annual volumes breach the four million mark for the first time in 2023. As per industry estimates about 4.1 million passenger vehicles were sold in the local market in the last calendar year, which is an increase of around 8.2% … Read more
Sales of sports utility vehicles (SUVs) rose in December, while small car sales fell despite high discounts, data from Indian automakers showed on Monday. While entry-level vehicles remain a millstone around automobile makers’ necks, they have benefited from the sales of premium vehicles, catering to a more well-off demographic largely unaffected by inflation. Maruti Suzuki … Read more
Equity indices declined on the last trading day of 2023 as investors preferred profit-taking after the recent sharp rally. The 30-share Sensex fell 170 points to settle at 72,240 and the wider Nifty declined 47 points to settle at 21,731. The blue-chip NSE Nifty 50 fell 0.21% to 21,733.25 points, while the S&P BSE Sensex … Read more
Shares of Tata Motors rallied 6% to hit the 52-week high at Rs 802.6 in Friday’s trade, backed by heavy volumes on the NSE. A total of 2,11,18,340 equity shares worth Rs 1,655.5 crore changed hands so far. Meanwhile, the rally in the stock was also led by the government’s plan to replace 800,000 diesel … Read more
