Tata Motors Ltd (TATAMOTORS)

Tata Motors to Study Government Notification on EV Manufacturing Program - 18 May, 2024

Shailesh Chandra, President of Tata Motors' Electric Mobility Business and Corporate Strategy, stated that the company is studying the latest government notification on a phased manufacturing program (PMP) for electric vehicles. The PMP aims to bring clarity to the value chain and promote progressive localization.

Tata Motors Launches Updated Nexon Model Amid Mixed Analyst Ratings - 16 May, 2024

Tata Motors launches updated Nexon model with new features while Sharekhan recommends buying the stock with a target price of Rs 1,235. However, Motilal Oswal gives a neutral rating with a target price of Rs. 955 due to headwinds ahead. The government's decision not to discuss tax concessions for hybrid cars is viewed as a boost for electric car manufacturers like Mahindra and Tata Motors.

Tata Motors Faces Correction Phase After Q4 Earnings Miss Estimates - 15 May, 2024

Tata Motors' Q4 FY24 earnings missed Street estimates, leading to a correction phase for the stock. The company's JLR order book also fell from 148k to 133k units. Tata Nexon subcompact SUV lineup has been revamped with new variants and reduced prices. Additionally, Tata Motors is set to launch the Altroz Racer in June, which will rival the Hyundai i20 N Line.

Tata Motors Faces Challenges Despite Increased Sales - 14 May, 2024

Tata Motors faces challenges as JLR's profitability is expected to remain flat, while protests erupt over unpaid wages for drivers of electric buses operated by Tata Motors. The company's Q4 earnings also failed to impress investors despite increased sales.

Mixed Day for Tata Motors Stock - 13 May, 2024

Tata Motors reports a significant increase in consolidated net profit for FY24 but the company's stock falls over 8% due to muted guidance and lower expected margins of UK subsidiary JLR.

Tata Motors Launches New Variants, Plans EV Launches Amid Disappointing Q4 Results - 12 May, 2024

Tata Motors launched new entry-level variants of its popular compact SUV, Nexon, while announcing plans to launch Sierra EV, Altroz Racer, and Curvv. However, Tata's Q4 results disappointed the market despite robust volume growth and a strong performance from Jaguar Land Rover.

Tata Motors Reports Strong Performance Across All Auto Businesses - 11 May, 2024

Tata Motors records strong performance across all auto businesses, delivering record consolidated revenue of Rs 4.37 lakh crore and net profit of Rs 31,807 crore in FY24. The company is set to launch the Altroz Racer in early June and has introduced new entry-level variants of the Nexon SUV. Tata Motors also shifts its focus in the EV market from early adopters to broader market development strategies.

Tata Motors Reports Strong Q4 Results - 10 May, 2024

Tata Motors beats D-Street estimates with a more than three-fold increase in net profit driven by strong performance across all its auto businesses. The automaker's board recommends a final dividend of ₹6 per ordinary share and ₹6.20 per A ordinary share.

Tata Motors Launches New Electric Mini-Truck & Reports Strong Q4 Results - 09 May, 2024

Tata Motors launched the Ace EV 1000, reported strong Q4 results, and offered big discounts on MY2023 and MY2024 models. Analysts predict robust growth in revenues, profits, and EBITDA margins. Shares traded higher ahead of the earnings announcement.

Tata Motors' Punch SUV Leads Sales; Offers Discounts on EVs - 08 May, 2024

Tata Motors' Punch SUV continues to drive sales, becoming the best-selling vehicle in April 2024. The company is set to reward shareholders with a dividend, while also offering discounts on its electric vehicles. However, Air India Express employees have flagged concerns over new employment terms at Tata Group-owned Air India Limited.

Tata Motors' Mini SUV Punch Takes Lead in Sales - 07 May, 2024

Tata Motors' mini SUV Punch has emerged as the best-selling model in India, surpassing Maruti's well-known models like WagonR and Brezza. Tata Motors is also reducing its net debt to close to zero in Q1 FY24.

Tata Motors Faces Competition from Rivals in SUV and LCV Segments - 06 May, 2024

Tata Motors faces competition from Mahindra XUV 3XO in the SUV segment, while losing ground to Ashok Leyland in the LCV segment. However, Tata Nexon is set to receive a new CNG model.

Tata Motors Achieves Record Number of Patents - 05 May, 2024

Tata Motors achieved a record high of 333 patent grants in FY24, bringing its total count to over 850. The filings cover various vehicle systems and address key automotive trends such as connectivity, electrification, sustainability, and safety.

Tata Motors Shareholders Approve Conversion of DVR Shares - 04 May, 2024

Tata Motors has received shareholder approval to convert its shares with differential voting rights (DVR) into ordinary shares, simplifying its capital structure. The scheme involves issuing seven ordinary shares for every 10 A-ordinary shares held and cancelling all outstanding A-ordinary shares. Proxy advisory firms recommended votes on the resolution citing multiple benefits.

Tata Motors Reports Strong Sales Growth in April 2024 - 02 May, 2024

Tata Motors reports a 12% YoY increase in total domestic sales for April 2024. The company's stock rises by 2% following a 31% YoY increase in commercial vehicle sales and 2% YoY increase for passenger vehicles.

Tata Motors Records Strong Sales in April Despite Tax Demand - 01 May, 2024

Tata Motors reports strong sales in April, with total sales reaching 77,521 units. However, the company has received a tax demand of nearly Rs 25 crore from authorities.

Tata Group Expands Stake in Tata Play; Tata Motors Leads Auto Sector Gains - 30 Apr, 2024

Tata Sons buys a 10% stake in Tata Play from Temasek, increasing its holding company's stake to 70%. Tata Motors leads auto sector gains as Nifty 50 index hits a new record high. Tata Nexon ICE version remains the market leader with an average of 12,000-13,000 units sold per month.

Tata Motors Signs Financing Deal with South Indian Bank - 29 Apr, 2024

Tata Motors has signed a Memorandum of Understanding (MoU) with South Indian Bank to provide financing options for its entire line of commercial vehicles. The partnership aims to empower fleet owners and dealerships to achieve their business goals.

Tata Motors files record-breaking number of patents in FY24 - 28 Apr, 2024

Tata Motors claims to have filed 222 patents and 117 design applications during FY24, the highest number of patents filed in the industry by any auto manufacturing OEM. The automaker has been focusing on bringing upmarket new products in the Indian passenger vehicle market with a key focus on technology.

Tata Motors Launches New Products and Services - 27 Apr, 2024

Tata Motors launches the Tata Magic Bi-Fuel and files numerous patents and grants in FY 2023-24. The company also promotes its AMC service.