Tata Motors also sees the contribution of its electric vehicles to its overall passenger vehicles sales reaching double digits soon, from about 6 per cent at present
On the outlook for JLR, the company said the semiconductor shortage is expected to continue through 2022 but is expected to gradually improve as capacity within the supply base increases
Business Standard brings you the top headlines on Monday
Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL
Brokerage house ICICI Direct has picked Larsen & Toubro shares as its number one pick in a list of 10 stocks ahead of the Union Budget FY23, to be tabled in the Parliament on February 1.
Tata Motors expects its growth momentum to continue this year as well as anticipates supply side issues to improve, helping it roll out more units to cater to the enhanced demand
Notably, the segment went through a major downturn during the peak of the Covid-19 pandemic
Tata Motors on Wednesday forayed into the CNG segment with the launch of Tiago and Tigor trims, priced between Rs 6.09 lakh and Rs 8.41 lakh respectively (ex-showroom Delhi)
Aptech, Bajaj Auto, Ceat, JSW Energy, L&T Infotech, Mastek, Oracle Financial Services, Rallis India, Saregama and Tata Communications to announce December quarter results on Wednesday
Tata Motors on Tuesday said it will increase prices of its passenger vehicles by an average of 0.9 per cent with effect from January 19, in order to partially offset the impact of rise in input costs.
Business Standard brings you the top headlines on Tuesday
Tata Motors on Monday said it has launched the Dark edition of premium SUV Safari with price starting at Rs 19.05 lakh (ex-showroom Delhi). The Safari #DARK Edition is now open for bookings and available at the company's dealerships across the country, the auto major said in a statement. Available on the XT+/XTA+ & XZ+/XZA+ trims, the Safari #DARK will get other exclusive features such as ventilated seats on both first and second row, air purifier and Android auto and Apple Car Play over Wi-Fi, it added. "The #DARK range has, in a very short span of time, become a mainstay of our New Forever range of passenger vehicles. This will be even truer now with the addition of Safari #DARK to the line-up, with the exciting & unique proposition that it has to offer to the customers," Tata Motors Passenger Vehicles Vice President (Sales, Marketing and Customer Service) Rajan Amba noted. The Dark range has become a popular choice for customers, he added. "The Harrier #DARK, which was ...
While India volumes remain strong, JLR sales have been muted in the December quarter
Tata Motors on Thursday reported a 2 per cent year-on-year increase at 2,85,445 units in group global wholesales, Jaguar Land Rover, for the third quarter of FY22.
On Wednesday, after market hours, Tata Motors announced that its subsidiary, Jaguar Land Rover recorded a 37.6 per cent year on year (YoY) drop in retail sales to 80,126 units in Q3.
The broader markets underperformed the benchmarks by a wide margin. The BSE MidCap and SmallCap indices ended with meagre gains of 0.05 per cent and 0.4 per cent, respectively.
Auto majors Maruti and Tata Motors are likely to be in focus today, the former for registering highest exports in a calendar year, and the latter for becoming the second largest PV seller in India.
Tata Motors shipped 35,461 units of passenger vehicles (PVs) to its dealers in December 2021
The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5
In the third quarter ended December 2021, the company said its total passenger vehicle sales stood at 99,002 units as compared with 68,806 units sold the same period in the previous year