Mumbai, July 17 (IANS) Tata Technologies Limited on Friday reported an 11.5 per cent sequential decline in consolidated net profit for the first quarter of FY27.The Tata Motors subsidiary posted a consolidated net profit of Rs 181 crore for the April-June quarter, compared with Rs 204 crore in the January-March quarter, according to its stock exchange filing.Revenue from operations increased 5.9 per cent quarter-on-quarter to Rs 1,665 crore from Rs 1,572 crore in the preceding quarter.The compan…
Latest Tata Motors News & Updates
New Delhi, July 8 (IANS) Tata Motors on Wednesday unveiled an ambitious five-year roadmap for its passenger vehicle business, targeting annual sales of more than 1.2 million units by FY30, a 20 per cent share of the domestic passenger vehicle market and revenues of Rs 1.4 lakh crore, backed by investments of nearly Rs 40,000 crore in products and manufacturing.Speaking at the company’s 81st annual general meeting held virtually on Wednesday, Tata Motors Chairman Natarajan Chandrasekaran said the…
New Delhi, July 1 (IANS) Electric passenger vehicle registrations in India nearly doubled in April-June quarter (Q1 FY27), rising nearly 90 per cent year-on-year to 82,737 units as consumers increasingly opted for battery-powered vehicles, according to Vahan registration data.Registrations increased from 43,710 units in the corresponding quarter last year, with industry executives attributing the surge to improved ownership economics for electric vehicles amid elevated fuel prices during the Wes…
Mumbai, June 29 (IANS) Indian equity benchmarks ended the session in negative territory on Monday as weakness in auto, information technology, and public sector banking stocks weighed on investor sentiment. Renewed geopolitical tensions in West Asia also kept traders cautious, leading to broad-based selling across sectors.The Sensex declined 372.10 points, or 0.48 per cent, to settle at 76,728.37, while the Nifty fell 109.75 points, or 0.46 per cent, to close at 23,946.25.Commenting on Nifty tec…
New Delhi, June 29 (IANS) Leading automobile firm Tata Motors is targeting annual commercial vehicle (CV) sales of more than one million units in the coming years as it prepares to integrate Italy’s Iveco Group, Chairman N. Chandrasekaran said on Monday.Addressing shareholders at the company’s second annual general meeting after the commercial vehicle business was demerged and separately listed, Chandrasekaran said the proposed acquisition of Iveco would significantly accelerate Tata Motors’ glo…
New Delhi, June 23 (IANS) The Centre signed a Memorandum of Understanding (MoU) for its scheme of replacement of old trucks and buses in the Delhi–NCR region with owner of Bharat Benz, Daimler India Commercial Vehicles (DICV), an official statement said on Tuesday.Under the agreement, the OEM will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme, the statement from Ministry of Road Transport & Highways said.For electric vehicle…
Mumbai, June 21 (IANS) Tata Motors on Sunday announced that it has secured more than 3,400 orders for electric commercial vehicles (eCVs) across segments, signalling growing adoption of electric mobility solutions in India’s freight and passenger transportation sectors.The orders include around 2,000 small commercial vehicles (SCVs) and pick-ups, nearly 900 trucks and about 500 buses.These vehicles will be deployed across a wide range of applications, including e-commerce, logistics, FMCG and FM…
Seoul, June 21 (IANS) Hyundai Motor and Kia posted robust sales growth in India during the first five months of the year, driven by strong demand for their sport utility vehicle (SUV) lineups, industry data showed on Sunday.Hyundai’s passenger vehicle sales in India reached 266,317 units in the January-May period, up 10.1 percent from a year earlier, according to the data from the Society of Indian Automobile Manufacturers (SIAM).Kia also recorded robust growth, with sales rising 14.6 percent on…
New Delhi, June 18 (IANS) Leading heavy commercial vehicle maker Tata Motors on Thursday signed a Memorandum of Understanding (MoU) with the Ministry of Road Transport and Highways under the Centre’s scheme for the replacement of old trucks and buses in the Delhi–NCR region with new ones at discounted prices to check pollution.Under the agreement, Tata Motors will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme. For electric vehic…
New Delhi, June 12 (IANS) Tata Motors Passenger Vehicles (TMPV) on Friday announced an increase of up to 1.5 per cent in prices across its passenger vehicle portfolio, including internal combustion engine (ICE) and electric vehicle (EV) models, effective July 1.The company announced the price revision through a filing on the exchanges.According to the company, the increase is aimed at partially offsetting the impact of rising input costs and continued inflationary pressures.TMPV said it continue…