Automobile manufacturers are likely to report strong numbers for the September quarter of Financial Year 2023-24 (Q2 FY24), riding on growth across segments and offset by a marginal drop in overall two-wheeler (2W) volumes. Higher average selling price (ASP) year-on-year (YoY), which was necessitated by price hikes taken by original equipment manufacturers (OEMs), and an improved product mix will also aid revenues and margins. Moreover, commodity prices are down on a YoY basis, leading to higher margins in earnings before interest, taxes, depreciation and amortisation (Ebitda).
To lure the automaker, West Bengal seized small farms to give Tata nearly 1,000 acres -- and so far it has rejected compromise proposals.
Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.
Tata Motors on Monday commercially launched its people's car, Nano, promising to stick to the Rs 100,000 price tag for the base model.
This is largely on the back of Tata Steel's expansion at Kalinganagar, as well as JLR's in China and Brazil
Find out why Tata Sons pledged 11 million shares in Tata Motors, 10 million in Tata Steel and and 15 million in Tata Consultancy Services with Centralbank Financial Services Ltd.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
The state government has been lobbying the central government for continuation of these incentives.
Close to six months since the launch of Tata Neu, the super application (app) from Tata Sons Group is all set for a revamp. The highlights include a reimagined rewards programme or NeuPass, a more seamless user experience by increasing the digital maturity of brands, adding more brands to the platform, and hiring category leaders to drive the next phase of growth. When it comes to brands, Titan will join Tata Neu by Diwali. Tata Motors and Air India will be on board after the Festival of Lights.
The Tata Motors team led by its Managing Director G Ravikant and accompanied by Karnataka Industry Minister Murugesh Nirani visited three places in and around the twin cities of Hubli-Dharwad in Karnataka. The Belur Industrial area, Mummiatti and another area around the airport near Hubli were the three sites which were offered by the government.
At the heart of the problem is Fiat's failure to bring in more models to India -- a fact the Tata Group chairman didn't forget to mention.
From the Sensex pack, Adani Ports & Special Economic Zones, Mahindra & Mahindra, Reliance Industries, HDFC Bank, Larsen & Toubro, NTPC, State Bank of India, UltraTech Cement and Kotak Mahindra Bank were the major gainers. In contrast, Tata Steel, Titan, Bajaj Finserv, JSW Steel, Bajaj Finance, Hindustan Unilever, ITC, Tata Motors and Tata Consultancy Services were among the laggards.
"Lady candidates need not apply." So read the postscript in a job notice from Telco (now Tata Motors) on a notice board in the corridors of the Indian Institute of Science, Bangalore (now Bengaluru), in 1974. Irked, Sudha Murty, who was then pursuing her masters in computer science at the institute, wrote a postcard to JRD Tata, expressing her surprise at this gender discrimination, especially since the Tata Group were pioneers on many fronts. Shortly, Murty became the first woman on the firm's shop floor.
Big Bazaar stores have sold 900 Nano cars since February, when Tata Motors made the arrangement.
Tata Motors, the country's third-largest carmaker, on Thursday unveiled a new stationwagon model based on the Indigo mid-size car and a new version of its premium small car Indica.
Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on the retail sales last fiscal. As per the Federation of Automobile Dealers Associations (FADA), the retail sales of country's largest carmaker Maruti Suzuki India rose to 14,79,221 units in 2022-23 fiscal, attaining a market share of 40.86 per cent. It had retailed 12,39,688 units in 2021-22 and grabbed a market share of 42.13 per cent.
The companies having suffered large erosion in values included Tata Motors, TCS, Tata Steel, Tata Power and Titan Industries
Ratan Tata, chairman of the Tata Group, feels that after the successful launch of his dream project -- the Rs 1-lakh car -- will ideally be the nice time for him to retire from active business life, a media report said in London.
Tata Motors is 'at a very high stage' in finalising a production site for its small car Nano at an overseas location, which could be either in Latin America, South East Asia or Africa.
Stepping up the competition in the electric vehicle (EV) market, JSW MG Motor on Wednesday launched its electric crossover sport utility vehicle (SUV) Windsor with a new and 'aggressive' pricing model, an assured buyback plan, a lifetime battery warranty, and free public charging for one year. Under this new battery-as-a-service (BaaS) pricing model, customers can purchase the Windsor at a starting price of Rs 9.99 lakh (ex-showroom) and then pay a battery usage fee of Rs 3.5 per kilometre (km).
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
Questions raised on discrepancies in land rates in West Bengal.
"I have to admit that so far, the venture with Fiat has not been as active as we had thought," Tata said.
Tata group chairman Ratan Tata on Tuesday virtually ruled out any investment in Singur and said the company would gladly return the land if compensated.
Wipro was the biggest gainer in the Sensex chart, rising 4.79 per cent, followed by M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India and IndusInd Bank.
Tata-promoted Taj Hotels may decide to add the Nano to their line of chauffeur-driven cars used for guest transfers.
Tata Group supremo Ratan Tata on Wednesday blamed competitors for "fueling" fire in the controversy over the proposed Rs 1-lakh car project at Singur in West Bengal, but resolved not to pull out of the state.
Indian conglomerate Tata Group Chairman Ratan Tata has said that Tata Motors will have an electric car in the market by September this year.
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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
NRI industrialist Swraj Paul-owned Caparo Group, a key vendor for Tata Motors' Nano project, is setting up a Rs 120-crore (Rs 1.2 billion) facility at Singur to supply sheet metal and vehicle frames for the world's cheapest car -- due for commercial launch later this year.
The Tatas are planning to introduce its small car Nano in Latin America in partnership with Italian auto maker Fiat.
Tata Sons said dividend from 40-odd Tata Group firms had declined during Mistry's tenure while expenses had risen
Amid confrontation between Tatas and the West Bengal government over the Singur issue, Plan panel member Arun Maira on Wednesday questioned the group's approach saying corporates should be careful in what sort of land is acquired and how it is converted for industrial purposes.
Reliance Industries, the Tata group, Bharti Airtel and Aditya Birla are among Indian conglomerates that have hedged their revenue and costs linked to the US dollar, giving them financial cover as the rupee fell past 80 against the greenback on Tuesday.
A division bench of Justices Ranjit More and Bharati Dangre on Monday quashed and set aside the proceedings.
After a marathon meet (lasting over two and half hours) with Bhattacharya and state Commerce and Industry Minister Nirupam Sen, Tata and the chief minister fielded questions from the media.
Jamshedpur gave birth to Telco (now Tata Motors) which has just launched the low-cost Nano; Jamshedpur, according to the 35-year old Tata Housing Development Company managing director Brotin Banerjee, is what inspired Tata Housing to launch its Shubh Griha low-cost housing project in Mumbai.
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