Tag: Tata Motors

Tata Motors plunges over 8% on disappointing Q1

Tata Motors plunges over 8% on disappointing Q1

10/08/2017 13:23

Shares of Tata Motors tumbled over 8 per cent on the Bombay stock Exchange after the auto major reported lower-than-expected earnings for the first quarter ended June 30, 2017.

The company has reported a 41.6 per cent growth in profit at Rs 3,200 crore in Q1 FY18, against Rs 2,260 crore in the same quarter last financial year, thanks to a one-time gain of Rs 3,609 crore.

Reacting to Q1, shares of the company declined as much as 8.23 per cent to hit intra-day low of Rs 382.45 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 385.30 against previous close price of Rs 416.75.

In a similar fashion, shares of the company were trading 6.65 per cent lower at Rs 388.40 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 31,638.61, down 159.23 points, or 0.50 per cent, at 13:30 hours.

Tata Motors sales rise 7% to 46,216 units in July

Tata Motors sales rise 7% to 46,216 units in July

01/08/2017 14:10

Home-grown auto major Tata Motors today reported a 7 per cent increase in total sales at 46,216 units in July.

The company had sold 43,160 units in the same month last year, Tata Motors said in a statement.

Domestic sales of Tata Motors’ commercial and passenger vehicles were up by 13.2 per cent at 42,775 units last month as compared to 37,789 in July 2016.

Sales of passenger vehicles in the domestic market grew 10.23 per cent to 14,933 units last month as against 13,547 in July last year.

Tata Motors President, Passenger Vehicles Business Unit, Mayank Pareek said there was an an improved customer buying sentiment, post GST.

He said the company’s hatchback Tiago continued to witness strong demand while compact sedan Tigor and SUV Hexa also had strong traction in the market.

On the outlook, Pareek said: “We continue to maintain cautious optimism and will work towards turning around the business, in line with our well-defined strategy.”

In the commercial vehicle segment, the company said its domestic sales were up 15 per cent at 27,842 units last month following ramp-up of BS-IV production across segments.

Overall sales of Tata Motors’ MHCV (medium and heavy commercial vehicle) trucks were at 8,640 units as against 7,879 in July 2016, a growth of 9.65 per cent.

On the exports front, Tata Motors said its overseas shipments last month were at 3,441 units compared to 5,371 a year ago, down 35.93 per cent, due to a decline in sales in Sri Lanka and Nepal.

Meanwhile, shares of the company were trading at Rs 262.80 apiece, up 0.86 per cent from the previous close at 14:15 hours on BSE.

GST Impact: Tata Motors slashes passenger vehicle prices

GST Impact: Tata Motors slashes passenger vehicle prices

05/07/2017 12:02

Automaker Tata Motors said that it has reduced prices of its passenger vehicles by up to Rs 2.17 lakh, making available the GST benefit to its customers.

“Following the rollout of GST, we have decided to pass on the entire benefit to our customers. We are offering a price reduction of up to 12 per cent ranging between Rs 3,300 and Rs 2,17,000, depending on the model and variant,” Tata Motors President, Passenger Vehicles Business Unit, Mayank Pareek said in a filing to the Bombay Stock Exchange.

The company “whole-heartedly” welcomes the initiative by the Union government for introducing GST and bringing in a uniform tax across the country, he added.

“This will enhance the ease of doing business and usher in a new era for the economy in general and especially, for the automotive industry,” Pareek said.

Meanwhile, shares of the company were trading at Rs 431.70 apiece, up 0.95 per cent from the previous close at 12:10 hours on BSE.

Markets remain under pressure; L&T, Tata Motors shares dip

The key domestic benchmark indices were trading in a negative terrain in the morning trading session amid weakness in Asian stocks as markets remained under pressure.

On the corporate front, Central Depository Services (CDSL) shares debuted with 68 percent gains on the National Stock Exchange. The share price opened at Rs 250 against the issue price of Rs 149.The bumper listing was on expected lines as the issue had overwhelming response, oversubscribing 170 times. HDFC also remained in focus on the news that HDFC Life, one of the country’s leading private sector life insurance companies, will decide on the initial public offering (IPO) in its Board meeting in July.

At 10:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 30750.94 down by 106.58 points or by 0.35 per cent, while the NSE Nifty was at 9466.2 points, trading lower by 37.9 points or by 0.4 per cent.

The BSE Sensex touched an intraday high of 30824.97 and an intraday low of 30680.66 while the NSE Nifty touched an intraday high of 9478.9 and an intraday low of 9448.75

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 550.00,+2.14 per cent), ITC Ltd. (Rs. 315.40,+1.28 per cent), Power Grid Corporation of India Ltd. (Rs. 210.00,+1.03 per cent), Dr. Reddy’s Laboratories Ltd. (Rs. 2670.00,+0.89 per cent), Cipla Ltd. (Rs. 549.15,+0.81 per cent), among others.

Meanwhile, Larsen & Toubro Ltd. (Rs. 1670.20,-1.89 per cent), Tata Motors Ltd. (Rs. 265.50,-1.28 per cent), Bharti Airtel Ltd. (Rs. 377.80,-1.25 per cent), Housing Development Finance Corporation Ltd. (Rs. 1612.00,-1.23 per cent), ICICI Bank Ltd. (Rs. 290.35,-1.14 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2048 shares traded, 858 shares advanced, 1081 shares declined while 109 were unchanged.

On the global front, Asian stocks were trading lower today despite China manufacturing activity beating expectations as select tech shares around the region sold off, while the Wall Street closed lower in the previous trading session as S&P 500 and the Dow industrials suffered losses largely weighed down by technology stocks.


30/06/2017 10:22

Tata Motors sales decline 4 pc to 38,361 units in May

Tata Motors sales decline 4 pc to 38,361 units in May

02/06/2017 14:22

Tata Motors reported a 4.39 per cent decline in total sales in May at 38,361 units compared to 40,123 units in the same month last year, reported PTI.

Domestic sales of Tata Motors’ commercial and passenger vehicles declined by 3.45 per cent to 34,461 units last month as compared to 35,695 units in May 2016, Tata Motors said in a statement.

Sales of passenger vehicles in the domestic market grew 27 per cent to 10,855 units last month. This was due to continued strong demand for the Tata Tiago, the Tata Tigor and the Tata Hexa.

In the commercial vehicles segment, the company’s domestic sales were down 13 per cent at 23,606 units last month, the auto major said.

The company said market continues to remain weak and the demand has still not picked up. There are early signs of retails of BS4 vehicles but it has still been slow.

Overall sales of Tata Motors’ MHCV trucks were at 6,522 units in May 2017, a decline of 40 per cent over May 2016 base.

“The sale in MHCV was affected primarily due to severe global supply constraints of Fuel Injection Pumps for BS4 engines,” the company said.

ILCV trucks sales were 12 per cent down at 2,368 units last month compared to 2,697 units sold last year in May, impacted by late supplies of fuel injector systems.

“These issues are expected to be resolved on short notice with full capacity available as of July 2017,” Tata Motors said.

Sale of small cargo vehicles (SCV) were up 10 per cent at 10,572 units as against 9,645 units in May 2016.

“On the SCV and Pick-up segments, there is a strong sales recovery with full availability of BS4 products and good market response to new variants like Xenon Yodha and Ace Mega,” the company said.

The company’s sales from exports declined 12 per cent at 3,900 units last month compared to 4,428 vehicles in May 2016.

The company said exports have been impacted in April and May due to retail drop of SCV in Sri Lanka after steep increase in import tariffs in late 2016, as well as fall in Nepal demand in the build-up to their elections.

Tata Motors Q4 net dips 16.8%; JLR margin surprises

Tata Motors Q4 net dips 16.8%; JLR margin surprises

24/05/2017 12:49

India’s leading automobile manufacturer Tata Motors Ltd has reported a drop of 16.8 per cent in its consolidated net profit after tax at Rs 4,336.43 crore, however, its JLR business surprised with strong earnings.

“The consolidated net profit of the company stood at Rs 5,211.49 crore during the same period a year ago,” Tata Motors Ltd said in a filing to the Bombay Stock Exchange.

It’s consolidated total income, too, fell by 2.6 per cent at Rs 78,980.77 crore during Q4 2016-17, as compared to Rs 81,079.71 crore during the same period last year.

Consolidated revenues for the quarter are lower by Rs 9,032 crores due to translation impact from GBP to INR, the company said in a statement.

In standalone business, the company witnessed de-growth in the M&HCV segment and LCV segment partially offset by growth in Passenger vehicle segment.

The company said its subdidiary which is UK’s largest car manufacturer, Jaguar Land Rover (JLR), business witnessed a 13 per cent growth in retail sales during the fourth quarter of fiscal 2016-17.

Jaguar Land Rover (JLR) retail sales including the China JV in the quarter were 179,509 units, up 13 per cent on strong demand across the product portfolio, primarily reflecting higher volumes in China, North America, UK and Europe led by strong sales of F-PACE, Range Rover and Discovery Sport. Jaguar Land Rover wholesales, including the China JV, were 175,000 units, the company said in a statemnent.

JLR’s profit after tax (PAT) was £ 557 million for the quarter ended March 31, 2017, up 18 per cent y-o-y, while revenues were up by 10.1 per cent at £ 7,268 million.

Meanwhile, shares of the company were trading at Rs 466.65 apiece, up 3.68 per cent, from previous close on BSE at 12:52 hours.

Tata Motors Q3 net nosedives 96% at Rs 111.57 cr

Tata Motors Q3 net nosedives 96% at Rs 111.57 cr

15/02/2017 12:10

India’s leading automobile manufacturer Tata Motors Ltd has reported a steep fall of 96.2 per cent its consolidated net profit after tax at Rs 111.57 crore, on a steep decline in profit in JLR business and higher losses in domestic operations.

“The consolidated net profit of the company stood at Rs 2,952.67 crore during the same period a year ago,” Tata Motors Ltd said in a filing to the Bombay Stock Exchange.

The consolidated numbers were impacted by JLR’s lower wholesale volumes and relatively weaker product mix, including the run out of Discovery, in Jaguar Land Rover business. The overall higher marketing expenses, were partially offset by credit relating to the recovery because of explosion at the port of Tianjin (China), Tata Motors said in a statement.

It’s consolidated total income (including other income), too, fell by 4.3 per cent at Rs 68,708.48 crore during Q3 2016-17, as compared to Rs 71,809.35 crore during the same period last year, due to unfavourable translation impact of Rs 10,670 crore.

It’s net sales during Q3 FY17 were down by 2.2 per cent at Rs 67,864.95 crore, as against Rs 69,398.07 crore in the year-ago period.

Jaguar Land Rover (JLR) total retail sales including the China JV in the third quarter were 149,288 units, up 8.5 per cent on strong demand for products, primarily reflecting higher volumes in China (incl. CJLR), North America and Europe led by strong sales of Discovery Sport, F-PACE and the new long wheel base XFL in China, the company said in a statemnent.

JLR wholesales and retails excluding China JV for the quarter were 1,30,910 units and 129,893 units respectively. China JV wholesales and retails for the quarter were 21,335 units and 19,395 units respectively, it added.

JLR’s profit after tax (PAT) was £167 million for the quarter ended December 31, 2016 compared to £440 million in the corresponding quarter last year.

Meanwhile, shares of the company were trading at Rs 446.70 apiece, down 8.24 per cent, from previous close on BSE at 12:15 hours.

Tata Motors gears up to launch new compact sedan Tigor

09/02/2017 13:41

Continuing with its efforts to reclaim lost ground in the Indian passenger vehicles market, Tata Motors will soon launch compact sedan Tigor, reported PTI.

The company announced that the Kite 5 concept, which was showcased at Auto Expo 2016, will be christened Tata Tigor.

“The Tata Tigor is the next offering of the IMPACT design language and is targeted at young, talented and confident individuals who express their individuality with a unique style of their own,” the company said in a statement.

Announcing the name, Tata Motors President, Passenger Vehicle Business Unit, Mayank Pareek said: “After Hexa, we are speeding towards our next market introduction, the Tata Tigor which opens a new category of style and attitude in this segment.”

While he did not share a timeline for the launch of the new model, Pareek said: “We will announce its commercial launch soon and are excited to see the IMPACT of the ‘Styleback’ on our customers.”

The Tigor will compete with the likes of Maruti Suzuki Dzire, Honda Amaze, Ford Aspire and Volkswagen Ameo which are priced in the range of Rs 5.35 to Rs 9.55 lakh.

Tata Motors has set a target of being among the top three passenger vehicles manufacturer in India by 2019. It’s hatchback Tiago has been received well in the market. It has also launched a new SUV Hexa.

Tata Motors skids over 2% on muted January sales

Tata Motors skids over 2% on muted January sales

02/02/2017 12:09

Shares of Tata Motors fell over 2 per cent on the Bombay Stock Exchange after the auto major said that its passenger and commercial vehicle total sales (including exports) in January 2017 were at 46,349 vehicles, a decline of 1 per cent over 47,035 vehicles sold in January 2016.

The company’s domestic sales of Tata commercial and passenger vehicles for January 2017 registered flat growth at 41,428 nos., over January 2016.

Weighed down by soft January sales, shares of company declined as much as 2.51 per cent to hit intra-day low of Rs 528.10 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of firm dipped 2.26 per cent to Rs 530.00 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,090.39, down 51.25 points, or 0.18 per cent, at 12:00 hours.

Post Session: D-St gives thumbs up to Fed outcome; Sensex ends 265 pts higher

22/09/2016 16:19

The Indian equities ended on robust note on Thursday, led by gains in index heavyweights such as ICICI Bank, Tata Steel, SBI, Hero MotoCorp, Maruti Suzuki, HDFC, Tata Motors, GAIL, ONGC and RIL, tracking firm cues from Asian peers after US Federal Reserve kept key short-term interest rate steady. Sustained inflows from foreign investors and across-the-board buying by the investors also helped market sentiments.

The 30-share BSE SENSEX closed at 28773.13, up by 265.71 points or by 0.93 per cent, and the NSE Nifty ended at 8867.45, up by 90.3 points or by 1.03 per cent.

In the bullish trade, the BSE Sensex touched intraday high of 28871.92 and intraday low of 28693.07 , while the NSE Nifty touched intraday high of 8893.35 and intraday low of 8837.8.

The top gainers of the BSE Sensex pack were State Bank of India (Rs. 257.35,+2.39%), Hero MotoCorp Ltd. (Rs. 3538.60,+2.27%), ICICI Bank Ltd. (Rs. 275.55,+2.19%), Adani Ports & Special Economic Zone Ltd. (Rs. 275.20,+2.06%), Asian Paints Ltd. (Rs. 1192.35,+1.97%), among others.

On the flip side Tata Consultancy Services Ltd. (Rs. 2377.65,-1.49%), Lupin Ltd. (Rs. 1528.30,-1.17%), Axis Bank Ltd. (Rs. 591.95,-1.01%), Coal India Ltd. (Rs. 327.70,-0.77%), Dr. Reddy’s Laboratories Ltd. (Rs. 3138.20,-0.45%), were among top losers on the BSE.

On the sectoral front, oil&gas and bankex stocks emerged as top gainers, adding as much as 1.51 per cent and 1.49 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3146, shares advanced were 1794 while 1106 shares declined and 246 were unchanged.