Tata Motors, India’s largest electric vehicle (EV) manufacturer, is set to rely heavily on the government’s Production Linked Incentive (PLI) scheme to fund its future EV investments. Of the $2.2 billion earmarked for expansion, approximately $800–900 million is expected to come from PLI incentives, while the remaining $1 billion is backed by private equity, notably… Continue reading Electrifying Ambitions: Tata Motors’ EV Drive to Get a Boost from $800-900 Million in PLI Incentives
Tag: JLR
Tata Motors expects PV space to be competitive on new launches, low inventory
Tata Motors expects the pricing environment in the passenger vehicle industry to remain “competitive” in the new year, driven by new model launches and correction of inventory across the industry. This comes as the demand for passenger vehicles is expected to cool off following two years of strong growth. “Given the innovations and intensity of… Continue reading Tata Motors expects PV space to be competitive on new launches, low inventory
Electric Vehicles Today – Driving Growth: Forecasting The Billion-Dollar Market Expansion
The global electric vehicle market is set to experience robust growth, projected to expand from USD 600.13 billion in 2024 to USD 1.58 trillion by 2033, with a compound annual growth rate (CAGR) of 11.43%. This expansion is driven by increased public awareness, the need for reduced emissions, advancements in battery technology, and supportive government… Continue reading Electric Vehicles Today – Driving Growth: Forecasting The Billion-Dollar Market Expansion
Tata Motors Q3 profit down 22% at INR 5,451 cr
Updated On Jan 29, 2025 at 05:32 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Revenue, however, saw a 3% year-over-year increase, reaching INR 1.13 lakh crore. Tata Motors reported a 22% drop in net profit for the third quarter of FY25, amounting to INR 5,451 crore compared to INR 7,025… Continue reading Tata Motors Q3 profit down 22% at INR 5,451 cr
Tata Motors expects ‘competitive’ car prices in India as new models launch
Tata Motors anticipates car prices in India will remain “competitive” in the new year, driven by new model launches and despite a rationalization of inventory levels across the industry. This comes in the context of a cooling off in demand following two years of strong growth. “The crux of the discounts came in earlier this… Continue reading Tata Motors expects ‘competitive’ car prices in India as new models launch
Retailer stress impacting auto sales in China, says Tata Motors
Tata Motors acknowledges the headwinds facing the Chinese auto market, citing financial stress among retailers as a key factor impacting the industry. However, the company remains optimistic about a recovery in the coming quarters, while highlighting strong growth in other markets, particularly the United States. “The China demand situation is more influenced by some retailers’… Continue reading Retailer stress impacting auto sales in China, says Tata Motors
Tata Motors watchful of US Tariffs, emphasises strong demand for JLR vehicles
Tata Motors is closely monitoring the possibility of new tariffs on automotive imports by the Trump administration in the United States, but remains confident in the strong demand for its Jaguar Land Rover (JLR) vehicles. “We need clarity on that,” a company official said, referring to the potential tariffs. “As far as the UK is… Continue reading Tata Motors watchful of US Tariffs, emphasises strong demand for JLR vehicles
Tata Motors predicts gradual improvement in India’s auto demand
Tata Motors, India’s largest automaker, anticipates a gradual improvement in domestic auto demand, fueled by continued infrastructure investments and upcoming budget announcements. “On the domestic side, we expect a gradual improvement in demand due to a combination of factors because we believe the infrastructure investments will continue this year,” a company official stated recently. “Let’s… Continue reading Tata Motors predicts gradual improvement in India’s auto demand
Tata Motors expects JLR’s China weakness to be offset by growth in other markets
Tata Motors, the Indian automaker that owns Jaguar Land Rover (JLR), anticipates continued weakness in the Chinese auto market but expects growth in other regions to cushion the impact. “We continue to be watchful of China, which is why we see stress in China overall at an industry level,” a company official said during a… Continue reading Tata Motors expects JLR’s China weakness to be offset by growth in other markets
Tata Motors’ Demerger on Track for October 2025, Says CFO
Tata Motors’ Chief Financial Officer, PB Balaji, confirmed today that the company’s demerger plan remains on schedule, with an effective date of October 2025. This announcement comes as the company awaits a final order from the National Company Law Tribunal (NCLT) in the coming weeks. The demerger will see Tata Motors’ passenger vehicle (PV) business,… Continue reading Tata Motors’ Demerger on Track for October 2025, Says CFO