Tag: Tata Motors Ltd

Tata Motors global sales fall 4% in April

Tata Motors global sales fall 4% in April

10/05/2017 12:55

Auto major Tata Motors on Wednesday said that its global wholesales in April 2017, including Jaguar Land Rover, dipped 4 per cent year-on-year to 73,691 units.

“Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in April, 2017 were at 18,844 units, lower by 36 per cent, over April 2016,” said Tata Motors in a filing to the Bombay Stock Exchange.

The company stated that global wholesales of all passenger vehicles in April2017 were at 54,847 units, higher by 16 per cent, compared to April 2016.

Global wholesales for Jaguar Land Rover were 41,923 vehicles (which includes CJLR volumes of 6,788 units). CJLR – is a JV between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR.

Jaguar wholesales for the month were 12,608 vehicles, while Land Rover wholesales for the month were 29,315 vehicles, it added.

Meanwhile, shares of company were trading at Rs 431.00 apiece, up 1.01 per cent, from previous close on the BSE at 13:00 hour.

Tata Motors readies sports car for Geneva Motor show

06/03/2017 10:53

From the humble Indica to a sports car, Tata Motors is marking its 20th year of participation at the Geneva International Motor Show with a leap of faith to the future, reported PTI.

The homegrown auto major has used the platform to showcase its several prototypes and concepts starting with the Indica in 1998 — the company’s first passenger car — and the ill-fated Nano in 2008, among others.

This year all eyes are on the sports car that Tata Motors will unveil on March 7. It will be the first product to be launched under the company’s new sub-brand TAMO that will house niche segment models with advanced technologies.

“We are gearing up to unveil our soon-to-be-launched product line-up for the mainstream business and our first innovation from TAMO, our new sub-brand,” a Tata Motors spokesperson said.

At the time of announcement of the TAMO sub-brand, Tata Motors Managing Director and CEO Guenter Butschek had stated that the company needed a different way to get into the future.

“To secure our future in a rapidly changing environment, the advanced mobility solutions space is of utmost importance. The introduction of TAMO will help us co-design India’s automotive footprint by taking new technologies and mobility concepts as a new ecosystem,” he had said.

Positioned as a core to the company’s transformation journey ‘FutuReady’, TAMO has also been set up to act as an open platform to network with global startups and leading tech companies, get access to trends, innovations and solutions, for the design of exciting future products and services.

The sports car will be a showcase of progress made by Tata Motors under its new initiative.

Geneva International Motor Show has also witnessed Tata Motors displaying Pixel, a city car concept for Europe and Megapixel that denoted the company’s future design direction in 2011 and 2012.

Last year, the company had showcased hatchback TIAGO and the compact sedan TIGOR, under the codename Kite 5 along with HEXA Tuff, a personalised version of the recently launched HEXA.

“Over the last two decades, Tata Motors has showcased a range of path breaking products and innovative concepts at the Geneva International Motor Show, this year being a very special one,” the spokesperson said.

Tata Motors partners Microsoft to offer connected mobility

Tata Motors partners Microsoft to offer connected mobility

17/02/2017 10:59

Tata Motors and Microsoft has announced a strategic collaboration on the technology front to make driving a more personalised and connected experience.

The first vehicle showcasing the enhanced driving experiences will be unveiled at the Geneva International Motor show on March 7, the companies said.

This will be via Tata Motors’ user interface application and services suite utilising Microsoft-enabled functionalities such as advanced navigation, telematics and remote monitoring features, they said.

Announcing the partnership, Tata Motors Managing Director Guenter Butschek said the tie-up with Microsoft can create new revenue opportunities for the company as car-buyers increasingly look for value-added services. But he did not quantity the potential.

He said the programme will begin with its recently announced sub-brand TaMo but will gradually extended to the main Tata Motors branded passenger vehicles as well.

The companies did not share the commercial details of the partnership.

“Using the Internet of Things, artificial intelligence and machine learning technologies, we will provide the vehicle owners here as well as across the world a safe, productive and fun-driving experience,” Anant Maheshwari, Microsoft India President, said at a press conference.

Maheshwari said Microsoft expects 90 per cent of cars to be fully connected by 2020 and even today one-third of all car-buyers/owners want personalisation of his/her mobility experience.

Butschek said Tata Motors aims to enhance in-car connectivity and efficiency to provide an enriched mobile experience for its consumers with this option.

“We will leverage Microsoft’s connected vehicle technologies that bring together artificial intelligence, advanced machine learning, and the Internet of Things capabilities on the global hyper-scale Azure cloud, to traverse the digital and physical worlds and create a highly personalised, smart and safer driving experience across the digital life of a vehicle owner,” he said.

He said the company’s recently launched ring-fenced vertical, TaMo will act as an open platform to foster innovation through a startup ecosystem and develop vehicles with on-the-go connectivity.

“In the first phase, the advanced offerings will incorporate technologies such as cloud computing, analytics, geo-spatial and mapping and increased human-machine interface, creating a new benchmark in the industry for connected vehicles,” he added.

Earlier this month, Tata Motors announced a sub-brand TaMo with an aim to introduce new technology-equipped vehicles faster in its bid to regain the lost market share.

Markets pare early losses; GAIL, Tata Motors shares advance

23/01/2017 10:22

The key domestic benchmark indices were trading in a positive terrain in the morning trading session as investors got some support with the BRICS nation’s National Development Bank chief K V Kamath’s statement that India will continue to grow on the back of its consumption-driven economy.

The volatility will remain high in the holiday shortened week with the January expiry happening a day ahead of Republic Day holiday.

Investors are also expected to react to earnings reports of index heavyweights such as, Hindustan Unilever, Idea Cellular and Bharti Infratel, which will test the nerves of the traders with their financial results for the quarter ended December 31, 2016.

At 10:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 27114.26 up by 79.76 points or by 0.3 per cent, while the NSE Nifty was at 8381 points, trading higher by 31.65 points or by 0.38 per cent.

The BSE Sensex touched an intraday high of 27159.68 and an intraday low of 26963.58 while the NSE Nifty touched an intraday high of 8394.35 and an intraday low of 8327.2

The top gainers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 467.05,+1.57 per cent), Tata Motors Ltd. (Rs. 531.25,+1.55 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 200.30,+1.47 per cent), Tata Steel Ltd. (Rs. 460.90,+1.39 per cent), Wipro Ltd. (Rs. 483.45,+1.29 per cent), among others.

Meanwhile, ICICI Bank Ltd. (Rs. 256.60,-2.58 per cent), Larsen & Toubro Ltd. (Rs. 1400.65,-0.98 per cent), Axis Bank Ltd. (Rs. 446.15,-0.97 per cent), Bharti Airtel Ltd. (Rs. 318.40,-0.72 per cent), Hindustan Unilever Ltd. (Rs. 857.10,-0.46 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2102 shares traded, 1371 shares advanced, 640 shares declined while 91 were unchanged.

On the global front, Asian stocks were trading mixed today as the dollar declined against yen after Donald Trump in his first days in office offered little news on his plans to boost growth, while the US markets closed higher in the previous trading session with the Dow snapping its five days losing streak and traders seemed focused on President Donald Trump’s inaugural address after he was officially sworn in as the 45th president.

Markets remain firm; Tata Motors, NTPC shares advance

04/01/2017 10:18

The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking firm cues from fellow Asian peers after US market ended higher in overnight trade, extending post-election rally to the New Year.

Concerns over falling rupee, rising crude prices, and weak Q3 earnings may hit market sentiments.

Traders may also react to fresh hurdle in the implementation of the goods and services tax (GST) amid turf between the Centre and states over double control and compensation, which indicates that the April 1 deadline is likely to be missed.

At 10:10 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 26696.97 up by 53.73 points or by 0.2 per cent, while the NSE Nifty was at 8214.7 points, trading higher by 22.45 points or by 0.27 per cent.

The BSE Sensex touched an intraday high of 26722.67 and an intraday low of 26632.95 while the NSE Nifty touched an intraday high of 8217.85 and an intraday low of 8190.85

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 491.00,+2.03 per cent), NTPC Ltd. (Rs. 167.45,+1.15 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 194.90,+1.09 per cent), Bajaj Auto Ltd. (Rs. 2647.35,+1.04 per cent), Coal India Ltd. (Rs. 308.40,+1.02 per cent), among others.

Meanwhile, Reliance Industries Ltd. (Rs. 1077.75,-1.18 per cent), ITC Ltd. (Rs. 241.45,-0.74 per cent), Cipla Ltd. (Rs. 572.55,-0.28 per cent), Bharti Airtel Ltd. (Rs. 303.00,-0.21 per cent), HDFC Bank Ltd. (Rs. 1187.90,-0.21 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2077 shares traded, 1496 shares advanced, 515 shares declined while 66 were unchanged.

On the global front, Asian stocks were trading higher today after data fueled confidence in the US economy, and as equity traders in Tokyo returned from holidays. The US markets closed higher in the previous trading session as US manufacturing posted the fourth straight month of faster expansion in December 2016 as new orders and output jumped, pointing to a growing economy.

Markets extend gains; Tata Motors, Tata Steel shares advance

08/12/2016 10:16

The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking firm cues from Asian peers after US markets ended robust in overnight trade on hopes that the European Central Bank would continue its asset buying campaign at a policy meeting later in the session.

On the corporate front, Steel Authority of India, MMTC, Finolex Industries and Claris Life Sciences will remain in focus as they will unveil their financial results for the quarter ended September 30, 2016 today.

The investors are expected to keep an eye on Chinese trade data and European Central Bank’s policy review which will be announced later in the day.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 26593.57 up by 356.7 points or by 1.36 per cent, while the NSE Nifty was at 8212.45 points, trading higher by 110.4 points or by 1.36 per cent.

The BSE Sensex touched an intraday high of 26604.12 and an intraday low of 26357.35 while the NSE Nifty touched an intraday high of 8216.1 and an intraday low of 8151.75

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 462.20,+3.81 per cent), Tata Steel Ltd. (Rs. 424.70,+2.96 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 284.20,+2.56 per cent), Maruti Suzuki India Ltd. (Rs. 5240.00,+2.38 per cent), Hero MotoCorp Ltd. (Rs. 3301.00,+2.29 per cent), among others.

Meanwhile, Dr. Reddy’s Laboratories Ltd. (Rs. 3169.10,-0.51 per cent), was among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 1980 shares traded, 1589 shares advanced, 317 shares declined while 74 were unchanged.

On the global front, Asian stocks were trading higher today after US markets ended robust in overnight trade on hopes that the European Central Bank would continue its asset buying campaign at a policy meeting later in the session. US stocks closed higher in the previous trading session with the Dow industrials and S&P 500 hitting record high, in broad-based rally as investors are betting that newly elected President Donald Trump’s policies would boost economic growth.

Sensex slips below 26,000-mark; Tata Motors drops nearly 3.92%

24/11/2016 13:33

Indian equity benchmarks continued to trade in the negative territory during the afternoon session on Thursday with speculators liquidating positions as today being the last day of November month derivatives expiry.

Also, concerns rose over looming US monetary tightening may impact foreign capital flows to Asia’s third biggest economy, and weakness in Rupee against US dollar, too influenced domestic sentiment.

At 1:08 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 25,916.68, down by 135.13 points or 0.52 per cent while the NSE Nifty was at 7,985.75, down by 47.55 points or 0.59 per cent.

Meanwhile, selling pressure was witnessed mainly in the oil & gas and auto sector stocks.

Major show spoilers were Tata Motors Ltd. (Rs. 452.90,-3.92%), NTPC Ltd. (Rs. 156.10,-2.41%), ICICI Bank Ltd. (Rs. 259.75,-1.98%), Reliance Industries Ltd. (Rs. 989.10,-1.80%), Sun Pharmaceutical Industries Ltd. (Rs. 689.55,-1.64%), among others.

The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 938.05,+1.91%), Tata Consultancy Services Ltd. (Rs. 2186.05,+1.36%), Wipro Ltd. (Rs. 453.45,+1.18%), Bajaj Auto Ltd. (Rs. 2625.95,+1.16%), Power Grid Corporation of India Ltd. (Rs. 183.90,+1.13%), among others.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2,550 shares traded, 1,255 advanced while 1,117 shares declined and 178 remained unchanged.

On the global front, Asian markets were mixed after Fed minutes showed that officials saw a stronger case for monetary tightening relatively soon amid an improvement in the labour market, with some FOMC members calling for an interest rate hike as soon as December.

Tata Motors tumbles 9% post Q2 results

Tata Motors tumbles 9% post Q2 results

15/11/2016 13:07

Shares of Tata Motors tumbled nearly 9 per cent on the Bombay Stock Exchange after the auto major’s second quarterly profit fell short of expectations.

The automobile giant on Monday reported consolidated profit after tax of Rs 848 crore for the September quarter, riding on robust sales of its British arm Jaguar Land Rover across various overseas markets.

It had posted a consolidated loss after tax of Rs 1,740 crore in the July-September period of last fiscal. On standalone basis, Tata Motor’s net loss widened to Rs 631 crore for the quarter under review, compared to Rs 289 crore in the year-ago period.

Shares of company declined as much as 8.11 per cent to hit intraday low of Rs 462.05 apiece on Bombay Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 26,446.67, down 354.18 points, or 1.32 per cent, at 13:10 hours.

Markets remain in consolidation mode; Tata Motors, ICICI Bank shares advance

08/11/2016 10:21

The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking a bullish trend across most markets in Asia and a positive finish at Wall Street overnight as opinion polls showed that Hillary Clinton was ahead of Donald Trump by three percentage points as the US Presidential election day dawned, bolstering risk taking appetite.

Shares of BHEL and Tata Communications will be in focus today as the companies reveal their September quarter earnings.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27487.71 up by 28.72 points or by 0.1 per cent, while the NSE Nifty was at 8507.55 points, trading higher by 10.5 points or by 0.12 per cent.

The BSE Sensex touched an intraday high of 27600.71 and an intraday low of 27469.65 while the NSE Nifty touched an intraday high of 8543.15 and an intraday low of 8502.8

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 528.10,+4.10 per cent), ICICI Bank Ltd. (Rs. 285.55,+2.44 per cent), Bajaj Auto Ltd. (Rs. 2866.40,+1.35 per cent), Asian Paints Ltd. (Rs. 1044.55,+0.66 per cent), Wipro Ltd. (Rs. 453.90,+0.65 per cent), among others.

Meanwhile, Sun Pharmaceutical Industries Ltd. (Rs. 646.80,-1.59 per cent), Maruti Suzuki India Ltd. (Rs. 5652.00,-1.20 per cent), ITC Ltd. (Rs. 253.70,-1.17 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 290.90,-0.94 per cent), Larsen & Toubro Ltd. (Rs. 1388.60,-0.80 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was storng. On BSE out of total 2208 shares traded, 1242 shares advanced, 871 shares declined while 95 were unchanged.

On the global front, Asian stocks were trading higher today as Americans were set to cast their ballots in the US Presidential election with speculation rife of a Clinton win, bolstering the appetite for risky assets.US stocks closed higher in the previous trading session after Clinton received an FBI boost, raising her chances of victory.

Markets remain firm; APSEZ, Tata Motors shares advance

02/09/2016 10:19

The key domestic benchmark indices were trading in a positive terrain in the morning trading session as robust domestic and foreign demand boosted manufacturing activity to a 13-month high in August as the Manufacturing PMI rose to 52.6 from 51.8 in July.

The investors may resort to a watchful approach later in the day ahead of the much anticipated US jobs data for August to be released today which may offer further cues over the timing of the US Federal Reserve’s next interest rate hike.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28470.46 up by 46.98 points or by 0.17 per cent, while the NSE Nifty was at 8777.85 points, trading higher by 3.2 points or by 0.04 per cent.

The BSE Sensex touched an intraday high of 28525.87 and an intraday low of 28428.35 while the NSE Nifty touched an intraday high of 8798.45 and an intraday low of 8770.1

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 268.35,+3.63 per cent), Tata Motors Ltd. (Rs. 554.25,+1.95 per cent), Maruti Suzuki India Ltd. (Rs. 5144.65,+1.71 per cent), Asian Paints Ltd. (Rs. 1169.50,+1.22 per cent), Lupin Ltd. (Rs. 1517.95,+1.09 per cent), among others.

Meanwhile, Coal India Ltd. (Rs. 332.40,-1.67 per cent), Bajaj Auto Ltd. (Rs. 2950.50,-1.54 per cent), Reliance Industries Ltd. (Rs. 1016.25,-1.25 per cent), GAIL (India) Ltd. (Rs. 389.00,-0.77 per cent), Mahindra & Mahindra Ltd. (Rs. 1442.30,-0.66 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2052 shares traded, 1213 shares advanced, 745 shares declined while 94 were unchanged.

On the global front, Asian stocks were trading marginally higher today as risk aversion ruled sentiment ahead of the US jobs data which may determine whether the world’s top central bank moves to tighten interest rates as early as this month. US stocks ended lower in the previous trading session amid caution ahead of Friday’s payrolls numbers while a renewed contraction in US manufacturing clouded the country’s economic outlook.