Cavelossim (Goa), Domestic passenger vehicles sales, specially those of SUVs, are expected to remain strong this fiscal despite the pent-up demand and low inventory which drove up sales in the past are no longer there, according to Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. Managing Director Shailesh Chandra. The company, which […]
Tata Motors: Electric vehicles profitability to improve – EQ Mag
With chip supplies improving, JLR is aiming to cross 400k wholesales ex-CJLR in FY24, which implies a quarterly run rate of 90k plus units to sustain ahead. Tata Motors (TTMT) had a strong performance across key verticals in Q4FY23. Their commercial vehicles (CV) EBITDAM (earnings before interest, taxes, depreciation, amortisation, and exceptional items as a […]
Tata Motors non-committal on raising funds for its electric vehicle business – EQ Mag
At the Auto Expo 2023, Tata Motors showcased its new models, while being confident to be able to cater to the growing demand for electric vehicles in India, using the existing capacity at its three facilities. While speaking to CNBC-TV18, the MD of the auto major, Shailesh Chandra, said that Tata Motors now clocks a […]
Tata Motors aims to operationalise Ford’s Sanand plant in 12-18 months – EQ Mag
The Sanand plant will help Tata Motors increase its manufacturing capacity for electric vehicles. Tata Motors has revealed its operation plans for the Sanand plant and is expecting it to be up and running in a span of 12 to 18 months. The erstwhile Ford plant will help Tata scale up its capacity, especially Tata […]
Tata Motors, ICICI Bank tie up to offer financing solutions to its passenger EV dealers – EQ Mag
One-of-its kind inventory financing programme for dealers of Tata Motors ICICI Bank extends the facility for EVs, in addition to funding for diesel and petrol models As an effort towards encouraging Electric Vehicle (EV) adoption in the country, Tata Motors, India’s leading automotive manufacturer, has announced its partnership with ICICI Bank to offer an EV […]
Tata Motors back on funding Street, seeks around $600m for EV biz – EQ Mag
Mumbai: is in talks with international buyers to lift at the least $500-600 million extra for its fast-growing electric vehicles enterprise, simply over a yr after it acquired $1 billion from TPG’s Rise Local weather Fund and Abu Dhabi state holding firm ADQ, stated folks conscious of the matter. Tata Motors is taking a look […]
Tata Motors, Kia, Hyundai Expect Sales Momentum To Continue In 2023 – EQ Mag
Tata Motors’ passenger vehicle sales outpaced industry growth last year to cross the five lakh units mark. Tata Motors, Kia India and Hyundai are expecting sales momentum to continue this year as well after witnessing robust growth in dispatches to dealers in the last year while pressure remains of a high base effect, inflation and […]
Tata Motor’s Mission 2045: Electric, flex-fuel and hydrogen ICE – EQ Mag
“Battery electric, hydrogen fuel cell and hydrogen ICE, could be the three technologies which have the potential of being zero emission and that are what we will have to work on,” said Girish Wagh After lining up an ambitious target of achieving net-zero emissions by 2045, Tata Motors said on Thursday that the company is […]
Tata Motors looks to expand electric car portfolio, add pricier models – EQ Mag
GREATER NOIDA, India : Tata Motors plans to expand its electric car portfolio with new models and higher price points, its managing director said on Wednesday, as it looks to cement its lead as the top selling electric vehicle (EV) company in India. The carmaker will also offer a choice of ranges for its EVs […]
Tata Motors begins delivery of mini truck Ace – EQ Mag
New Delhi : Tata Motors on Monday kicked off customer deliveries of the electric version of its mini truck ‘Ace’ with price starting at Rs 9.99 lakh (ex-showroom). Initially, the company will commercially introduce the electric mini truck in ten cities, starting with Delhi, Pune and Mumbai followed by Bengaluru, Hyderabad and Chennai, Tata Motors […]