Mumbai: Tata Motors expects the Indian passenger vehicles market to touch 60 lakh units annually by 2030 and the company is targeting to increase its share to 18-20 per cent by FY30 as it is gearing up to launch new models both in conventional engine and electric vehicles segment, a top company official said on … Read more
India’s equity frenzy has attracted a global biggie which wants to ride on the high investor sentiment. Hyundai Motor India Ltd. (HMIL), the country’s second-largest car maker, is coming out with a Rs 25,000 crore IPO, which could be India’s biggest ever, in the next four to six months and will see the South Korean … Read more
New Delhi: The proposed demerger of existing automotive businesses into two listed entities will help in securing synergies across its PV and JLR verticals in areas of EVs and autonomous vehicles, Tata Motors Chairman N Chandrasekaran said on Monday. Speaking at the auto major’s 79th AGM, he noted that the initiative will lead each company … Read more
Mumbai: Car buyers in India are spoilt for choice when it comes to powertrains. Carmakers from industry leader Maruti Suzuki to Tata Motors, Toyota Motor, Honda and Citroen, a relatively newcomer in the Indian market, offer diverse options in powertrains, from petrol, diesel and CNG to flexible fuel, electric and hybrid. Diversification of the engine, … Read more
India’s automobile manufacturer, Tata Motors, on Thursday announced the launch of Tata Motors Fleet Verse which will serve as a comprehensive digital marketplace for company’s commercial Vehicles. Under the new marketplace, all transactions will be rendered through Tata Motors’ extensive pan-India dealership network, using a direct-to-dealer payment ecosystem. Key features of Fleet Verse: Smart Search … Read more
Tata Motors announced on Wednesday that it will increase the price of its commercial vehicles from 1st July 2024, up to 2%, the automaker said in an exchange filing. This decision comes in response to escalating commodity prices, aiming to mitigate their impact. The price adjustment will affect the entire spectrum of commercial vehicles offered … Read more
Carmakers and dealers are offering incentives by way of discounts, exchange bonuses, assured gifts to the tune of 5-11% – the highest in five years – in a bid to tempt buyers amid mounting inventory as sales slow, following a record FY24. The offers aren’t just on older models launched two to three years ago … Read more
Mumbai: Jaguar Land Rover Automotive, Tata Motors UK subsidiary, has increased its planned five-year investment by 3 billion pounds, or 20%, 18 billion pounds (Rs 1.91 lakh crore). The Indian automaker had previously planned to invest 15 billion pounds in the British manufacturer of the Jaguar F-Pace and Land Rover Discovery between fiscal years 2024 … Read more
Domestic markets began the week with modest gains, continuing the prevailing positive trend. In today’s trade, shares of Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma among others will be in focus due to various news developments. Paytm Goldman Sachs sold 44.20 lakh shares of One 97 Communications on Tuesday via block deal for Rs 183.44 … Read more
As Indian automakers negotiate the transition from internal combustion engine (ICE) to electric, they stare at a diversion on the route. Consumers do want an alternative to vehicles powered by dirty fuel but they are not lapping up EVs as yet. They are preferring hybrids. The transition from ICE to electric is easier via hybrids, … Read more
