Page 14 - Tata Motors

Vehicle registrations fall 54.79% in May, sales across categories dip 66%

The apex bodies representing the dealers have appealed for relief from all vehicle makers, who are yet to announce a similar financial package like last year

Tata Motors rolls out 200,000th unit of SUV Nexon

The company has claimed that the last 50,000 units have been rolled out in less than six months, as demand has outpaced supply and production has been hampered due to the Covid-19 pandemic.

China-based hackers luring Indians into fake malicious Tata Motors scam

Cyber-security researchers in India on Thursday said they have discovered a malicious free gift campaign pretending to be an offer from Tata Motors that is collecting users' data

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The board of MMTC has approved the debt restructuring scheme of the state-owned company which envisages settlement of dues out of the disinvestment proceeds of the Neelachal Ispat Nigam Limited (NINL)

Tata Motors to discontinue select variants of compact SUV Nexon.

At present, Nexon is available in 20 variants offering product propositions at different price points

Tata Motors trades higher for 6th straight day, hits over 3-year high

Tata Motors is India's largest commercial vehicle company and fourth-largest passenger vehicle (PV) player

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Reserve Bank of India granted approval for the re-appointment of Chandra Shekhar Ghosh, Managing Director & Chief Executive Officer of Bandhan Bank for a period of three years

Tata Motors raises $425 mn in offshore bonds to pare debt, meet expenses

Of the proceeds raised, Tata will use $318 million to refinance existing loans and the rest to meet corporate expenses

After a washed-out May, can auto sales rebound anytime soon?

Analysts expect the 'pent-up demand' story to play out from the second quarter of the financial year 2021-22 (Q2FY22) as states unlock

Automobile sales skid in May as coronavirus second wave bites hard

Major automobile manufacturers like Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors and Toyota Kirloskar on Tuesday reported decline in domestic passenger vehicle sales in May compared to the previous month as a spike in COVID-19 cases and lockdowns across various states hit production and dispatches. The country's largest carmaker Maruti Suzuki India (MSI), which shut production from May 1 to May 16 so as to divert oxygen from industrial use for medical purposes, reported domestic dispatches to dealers at 35,293 units last month, down 75 per cent from 1,42,454 units in April. The company said sales of its mini cars, comprising Alto and S-Presso, declined by 81 per cent to 4,760 units in May as against 25,041 units in April this year. Sales of compact segment vehicles, including Swift, Celerio, Ignis, Baleno and Dzire, declined by 72 per cent to 20,343 units from 72,318 cars in April. Likewise, utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, declined ..

Tata Motors sales drop 38% to 24,552 units in May from 39,530 units

Tata Motors on Tuesday said its total domestic sales declined by 38 per cent to 24,552 units in May as compared to 39,530 vehicles in April this year

Maruti Suzuki digitises to click with buyers: How exactly does it work?

India's largest car maker is finding traction in the national roll-out of its digital financial services platform

Tata Motors is vulnerable to near-term headwinds, say analysts

Its net worth has shrunk again; leverage ratio is up to a decade high

Covid: Tata Motors extends free service, warranty period on CVs by 1 month

Tata Motors said it has extended the warranty and free service period by one month for those commercial vehicle customers whose tenures are due between April 1 and June 30

S&P revises outlook on Tata Motors to stable on improving underlying demand

S & P Global Ratings has affirmed B ratings on Tata Motors and revised outlook to stable on improving underlying demand.S & P said the company's sales for the fourth quarter of fiscal 2021 indicate a material improvement in underlying demand for both commercial vehicles and passenger cars.The commercial vehicle business reported its strongest quarterly sales since fiscal 2019 while the passenger car business continued to gain market share.The passenger car business also turned EBITDA positive in fiscal 2021 and EBITDA margin is likely to improve further to mid-single-digit level in fiscal 2022."Although the second wave of Covid-19 infections has increased risks around these estimates, our base case assumes operational disruptions will be mainly in the first quarter of fiscal 2022," said S & P."We anticipate earnings will recover in the rest of fiscal 2022 as restrictions ease, similar to what we saw after the first wave in fiscal 2021."The agency estimates earnings at Tata

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Jindal Stainless Hisar (JSHL) reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, 2021, mainly on account of increased income

Tata Motors narrows Q4 loss on strong operational show by JLR, India biz

The company took a hit of Rs 15,000 crore to re-cast JLR business

Top headlines: TaMo sees surprise Q4 loss; Canara Bank posts profit in Q4

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Tata Motors reports surprise loss of Rs 7,605 cr in Q4; revenue up 42%

The carmaker's revenue from operations came in at Rs 88,628 crore for the fourth quarter

CESL to procure 300 electric vehicles from Tata Motors

State-owned CESL on Tuesday said it will procure 300 electric vehicles from Tata Motors.