Tata Steel’s counsel also argued that the new corporate holding structure would enhance the agility of the merged entity’s business ecosystem. The National Company Law Tribunal (NCLT) in Mumbai on Tuesday approved the merger of Tata Group-owned Indian Steel & Wire Products Ltd with Tata Steel Ltd. The division bench, comprising judicial member KR Saji… Continue reading NCLT approves Indian Steel & Wire Products’ merger with Tata Steel
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Tata Motors’ strategic demerger aims for $1 billion revenue per segment
Tata Motors, currently in the process of demerging its commercial vehicle unit, anticipates that each of its eight distinct business segments will surpass $1 billion in revenue and profitability. The eight identified segments are: heavy commercial vehicles; intermediate, light, and medium commercial vehicles; commercial vehicle passengers; international business; TML Smart City Mobility Solutions; and digital… Continue reading Tata Motors’ strategic demerger aims for $1 billion revenue per segment
Tata Motors’ strategic demerger aims for $1 billion revenue per segment
Tata Motors, currently in the process of demerging its commercial vehicle unit, anticipates that each of its eight distinct business segments will surpass $1 billion in revenue and profitability. The eight identified segments are: heavy commercial vehicles; intermediate, light, and medium commercial vehicles; commercial vehicle passengers; international business; TML Smart City Mobility Solutions; and digital… Continue reading Tata Motors’ strategic demerger aims for $1 billion revenue per segment
Chery UK boss: we want to be as big as Kia in five years
Chery has bold targets for the UK as it launches two brands: Omoda in the volume segment and the more premium Jaecoo. The Chinese company has its work cut out. Chery may be a successful exporter globally, but here it has to start from scratch, despite a strong UK connection via its joint venture with… Continue reading Chery UK boss: we want to be as big as Kia in five years
For Indian EV-olution automobile financing needs to be increased from 2% to 18% by 2070, says CSI report
Updated On Aug 8, 2024 at 08:50 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The report has given a holistic coverage of challenges and solutions through which India can achieve its net zero target by 2070. New Delhi: The automobile sector is working at the forefront to achieve EV-olution, along… Continue reading For Indian EV-olution automobile financing needs to be increased from 2% to 18% by 2070, says CSI report
Tata Motors aims to be amongst the top-selling midsize SUVs with Curvv Coupe
Late to enter the fast-growing mid-size SUV segment, Tata Motors is banking on the SUV Coupe Curvv to disrupt the market, by offering an electric vehicle that comes very close to the price of a petrol automatic vehicle. Launched at an aggressive price of Rs 17.5 lakh to Rs 22 lakh (ex-showroom), Shailesh Chandra, MD… Continue reading Tata Motors aims to be amongst the top-selling midsize SUVs with Curvv Coupe
Festive season growth to slow to 5%, Tata Motors aims to outpace market with new models
With vehicle inventory hitting 50-60 days, the Indian passenger vehicle market is expected to see flattish growth from July to September of the second quarter, claims Shailesh Chandra, MD of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility. This is before the market returns to positive territory in the festive season, with retails holding… Continue reading Festive season growth to slow to 5%, Tata Motors aims to outpace market with new models
We have achieved parity with ICE cars with Curvv, EV adoption should grow: Anand Kulkarni
The country’s largest electric vehicle maker, Tata Motors on Wednesday launched its Curvv EV at Rs 17.49 lakh, almost at the same price as the Petrol Automatic SUVs from Hyundai and Kia. This should help the company accelerate the adoption of EVs amid slowing growth, it notes. Anand Kulkarni Chief Products Officer, Head of HV… Continue reading We have achieved parity with ICE cars with Curvv, EV adoption should grow: Anand Kulkarni
Moody’s upgrades Tata Motors’ rating to Ba1 from Ba3; outlook remains positive
Updated On Aug 7, 2024 at 08:08 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Tata Motors’ leverage, calculated by Moody’s adjusted consolidated debt/EBITDA, fell to 1.8 times as of March 2024 from 3.9 times a year prior. Moody’s has upgraded Tata Motors Ltd’s corporate family rating to ‘Ba1’ from ‘Ba3′,… Continue reading Moody’s upgrades Tata Motors’ rating to Ba1 from Ba3; outlook remains positive
Maker of Jaguar I-Pace, BMW Z4 faces uncertain future
The overflow factory of choice for car makers in the UK and Germany is facing an uncertain future after the planned and unplanned ending of contracts leave it with just one vehicle to build. Magna Steyr in Austria, a division of Canadian automotive giant Magna International, is a contract manufacturer of long-standing that has built… Continue reading Maker of Jaguar I-Pace, BMW Z4 faces uncertain future