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  • Passenger car gross sales might hit over 38 lakh models in FY23: Tata Motors MD

    Passenger car gross sales in India might hit a file of over 38 lakh models in FY23 however the sturdy progress momentum will not be anticipated to hold over to 2023-24 with pent-up demand already been launched, in keeping with Tata Motors Passenger Vehicles Managing Director Shailesh Chandra.

    There might be a moderation on offtake of passenger autos (PVs) within the the third quarter of the continued fiscal and choosing up once more within the fourth quarter, however the progress fee in FY24 would additionally rely upon the affect of recent set of rules reminiscent of BS VI part II and new security rules kicking in subsequent 12 months, he informed analysts.

    The first half of FY23 was very sturdy for the PV business with “nearly 1.9 million vehicles”, mentioned Chandra who can be the Managing Director of Tata Passenger Electric Mobility Ltd.

    “Typically you would see a 48:52 kind of a ratio between H1 and H2. This time, you’re going to see nearly 50:50 kind of a ratio. So, it’s going to be a very strong year, highest-ever industry volume is what we are going to witness in this financial year, possibly going up to 3.8 million-plus,” he mentioned.

    In 2021-22, in keeping with Society of Indian Automobile Manufacturers (SIAM), PV gross sales in India had been at 30,69,499 models. The file for highest PV gross sales in India was in 2018-19 when 33,77,436 models had been offered.

    On the outlook for the remaining interval of the 12 months, he mentioned, “I don’t see right now, the demand really going down, except that you’d see moderation on offtake this quarter, and then it should again pick up in the next quarter not to the full extent, I would say, because of the transition from BS VI Phase I to Phase II, but still, it will be good enough to do similar kind of volume as we have seen for the H1.” In Q3, he mentioned, “We believe that industry will sustain the momentum that we have been seeing in the past quarters. The focus in this quarter for the industry would be retail. There will be moderation in offtake as all the players would like to reduce the channel inventory as we are approaching the calendar year end.” Also, he mentioned, semiconductor provides have been sturdy and because of this within the “last quarter there were 1 million supplies in the industry and this quarter also, we don’t see a major issue, because of semiconductor supplies”.

    Asked if FY24 might witness an identical form of progress seen in FY23, Chandra mentioned, “I would not expect that, because a lot of pent-up has got released already in H1, and therefore now it will be more triggered through the new launches.” There shall be segments, largely the entry section, which could get impacted because of value will increase due to new rules such because the BS VI Phase II actual time driving emissions and the security rules associated to 6 airbags from October 2023, he added.

    “So I think FY24, I would just hold my comment right now, because we have also (to) then triangulate based on what projections we are going to see from various agencies,” he added.

    On electrical autos, Chandra mentioned, Tata Motors posted its highest-ever quarterly gross sales at over 12,000 models, with a market share of 87 per cent, within the second quarter.

    The newly launched Tiago EV crossed 10,000 bookings on the primary day of launch. It was launched on September 28 with introductory costs starting from Rs 8.49 lakh to RS 11.79 lakh (ex-showroom).

  • Tata Motors gross sales up 82% in June

    Homegrown auto main Tata Motors Ltd on Friday reported an 82 per cent improve in whole home gross sales to 79,606 models in June 2022.

    The firm had posted a complete home gross sales of 43,704 models in the identical month final yr, Tata Motors mentioned in a press release.

    Domestic passenger automobile (PV) gross sales additionally grew 87 per cent to 45,197 models in opposition to 24,110 models within the year-ago month, it added.

    In the primary quarter of 2022-23, PV gross sales had been at 1,30,125 models in comparison with 64,386 models within the year-ago interval.

    “Demand for passenger autos continued to remain sturdy in Q1 FY23 whilst the availability facet remained reasonably impacted as a result of lockdown in China.

    “Our SUV portfolio contributed 68 per cent of Q1 FY23 sales. Electric vehicle sales attained new heights with quarterly sales of 9,283 in Q1FY23 and highest-ever monthly sales of 3,507 units in June 2022,” Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra mentioned.

    Going ahead, he mentioned, “We expect the supply side, including that of critical electronic components, to progressively improve. We will continue to keep a close watch on the evolving demand and supply situation and take appropriate actions”.

    Commercial automobile (CV) gross sales within the home market stood at 34,409 models final month in opposition to 19,594 models in June 2021, a development of 76 per cent, Tata Motors mentioned.

    In the primary quarter of FY23, home CV gross sales stood at 95,703 models over 43,400 models within the comparable interval final fiscal.

    Tata Motors Executive Director Girish Wagh mentioned, “The growth in Q1 has been broad-based across regions and segments”.

    Increased exercise in street building, mining, and development in agriculture and e-commerce drove the expansion of each medium, heavy, intermediate and lightweight CV segments.

    “SCV (small commercial vehicle) demand from last-mile distribution has remained robust backed by continued consumer spending,” Wagh added.

  • Tata Motors information file 125 patents in FY22

    Tata Motors on Friday stated it filed file 125 patents associated to powertrain applied sciences within the final fiscal.

    The firm stated the variety of patents filed in final monetary 12 months had been the very best ever for the auto main up to now.

    The patents filed entail a various vary of improvements and developments in conventional and new power powertrain applied sciences, security, linked car applied sciences, physique in white (BIW) and trims together with different car techniques, Tata Motors stated in a press release.

    Of the overall filings, 56 patents had been authorised in 2021-22 fiscal.

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    “We have established a legacy of setting new benchmarks with cutting-edge technologies and features in the areas of new energy solutions, safety, product performance, cost of ownership and digitalisation,” Tata Motors President and CTO Rajendra Petkar famous.

    An enabling tradition and ecosystem to foster innovation amongst the workforce and the drive to maintain difficult the established order in pursuit of excellence has been the important thing to supply, he added.

    “We remain committed to use our engineering prowess in creating top class mobility solutions to serve the evolving aspirations of our customers,” Petkar stated.

  • Tata Motors international wholesales rise 2% to 2,85,445 items in Q3

    Tata Motors on Thursday reported a 2 per cent year-on-year enhance at 2,85,445 items in group international wholesales, Jaguar Land Rover, for the third quarter of FY22.
    Global wholesales of all Tata Motors’ industrial autos and Tata Daewoo vary in Q3 FY22 have been at 1,02,772 items, larger by 14 per cent over Q3 FY21, Tata Motors stated in a regulatory submitting.
    For all passenger autos, the worldwide wholesales in Q3 FY22 stood at 1,82,673 items, down three per cent as in comparison with the identical interval a 12 months in the past, it added.
    Global wholesales for JLR stood at 83,110 autos, together with 13,928 items of CJLR — a three way partnership between JLR and Chery Automobiles, which is an unconsolidated subsidiary for JLR, the corporate stated.
    Jaguar wholesales within the third quarter stood at 13,518 items, whereas that of Land Rover wholesales for the quarter have been 69,592 items, it added.

  • Tata Motors shares soar practically 4% after gross sales knowledge

    Shares of Tata Motors on Monday gained practically 4 per cent after the corporate reported a 50 per cent soar in complete passenger automobile gross sales in December 2021.
    The inventory jumped 3.59 per cent to Rs 499.70 on the BSE.
    On the NSE, it gained 3.60 per cent to Rs 499.80.
    Homegrown auto main Tata Motors on Saturday reported a 50 per cent soar in complete passenger automobile gross sales to 35,299 models in December 2021.
    The firm had offered a complete of 23,545 models in the identical month a yr in the past, Tata Motors mentioned in a regulatory submitting.
    In the third quarter ended December 2021, the corporate mentioned its complete passenger automobile gross sales stood at 99,002 models as in contrast with 68,806 models offered the identical interval within the earlier yr, up 44 per cent.
    “Tata Motors PV business growth journey continued and set several new milestones during the quarter despite witnessing a shortfall in production due to the ongoing semi-conductor crisis,” Tata Motors President (Passenger Vehicles Business Unit) Shailesh Chandra mentioned.

  • Tata Motors to hike industrial automobile costs by round 2% from October 1

    Tata Motors on Tuesday stated it is going to enhance costs of its industrial automobile vary by round 2 per cent with impact from October 1, so as to offset the influence of rising enter prices.
    The efficient value hike, within the vary of two per cent, can be carried out primarily based on the mannequin and the variant of the automobile, the auto main stated in a press release.
    The continued rise in the price of commodities, akin to metal and valuable metals, necessitates the corporate to move on part of it via enhance in value of the merchandise, it said.
    Tata Motors is the nation’s largest producer of business autos which incorporates vehicles, buses and lightweight industrial autos.

    The firm famous that it has strived to minimise the rise within the value by absorbing a sure portion of the fee at varied ranges of producing.
    In the final one 12 months, there was a gradual enhance within the costs of varied important commodities like metal and valuable metals. It has led to elevated enter prices for the automakers.
    Earlier this month, the nation’s largest carmaker Maruti Suzuki India (MSI) had elevated costs of its whole product vary, besides Celerio, by as much as 1.9 per cent.
    The firm had famous that it has taken the choice to hike costs on account of a rise in varied enter prices.
    It was MSI’s third value hike this 12 months.
    In the two-wheeler area, Hero MotoCorp has raised costs 3 times already this 12 months.

    The firm has made an upward revision within the ex-showroom costs of its bikes and scooters by Rs 3,000 with impact from September 20.
    The two-wheeler main had earlier elevated costs of its bikes and scooters by as much as Rs 1,500 in January, and once more by Rs 2,500 in April this 12 months citing rise in enter prices.

  • Tata Motors to lift as much as Rs 500 crore through NCDs

    Tata Motors on Tuesday mentioned its board has permitted a proposal to lift as much as Rs 500 crore via the problem of securities on a personal placement foundation.
    A gathering of the duly authorised committee has permitted for subscription, on a personal placement foundation, as much as 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) E30-B Series of face worth Rs 10,00,000 every aggregating as much as Rs 500 crore, the auto main mentioned in a regulatory submitting.
    The Mumbai-based firm, nonetheless, didn’t share particulars as to the way it plans to make use of the capital.
    Tata Motors is a USD 35 billion organisation. It is a number one producer of automobiles, utility automobiles, pick-ups, vans and buses.
    Part of the USD 113 billion Tata group, the auto main has operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia via a robust international community of 103 subsidiaries, ten affiliate corporations, three joint ventures and two joint operations as on March 31, 2020.

  • Tata Motors expands Dark Edition vary to incorporate Altroz, Nexon manufacturers

    Tata Motors on Wednesday stated it has expanded its darkish vary with the launch of Altroz, Nexon and Nexon EV darkish editions within the nation.
    The Altroz Dark vary is priced from Rs 8.71 lakh, the Nexon trims start from Rs 10.41 lakh, whereas the Nexon EV is tagged at Rs 15.99 lakh.
    The auto main has additionally launched a revamped darkish version of Harrier with worth beginning at Rs 18.04 lakh (all costs ex-showroom Delhi).
    The auto main had first launched the Harrier Dark version in August 2019, and since then has acquired nice response for the model, prompting it so as to add different fashions within the vary as properly.

    “The darkish vary will not be solely in regards to the color theme, it provides varied components to boost sportiness and premiumness of the product. Almost 30-35 per cent of Harrier gross sales are actually coming from the darkish version trims.
    Tata Harrier darkish version (Image: Tata Motors)
    “So, we have now decided to add the concept in Altroz, Nexon and Nexon EV,” Tata Motors Passenger Vehicles Business Unit (Head Marketing) Vivek Srivatsa instructed PTI.
    The auto main expects incremental gross sales to accrue from the darkish vary, he added.
    The darkish theme on the exteriors and interiors have created a novel identification for Harrier Dark. It consists of distinctive darkish finishes, particular blackstone matrix dashboard and dark-coloured upholstery.
    Tata Nexon Dark (Image: Tata Motors)
    The Altroz Dark, the brand new high of the road variant is available in a brand new black exterior physique color with darkish tint end. It additionally options darkish themed alloy wheels and premium darkish chrome throughout the hood.
    The interiors include granite black theme with metallic gloss black mid pad and the leatherette upholstery.
    The Altroz Dark will likely be obtainable within the high variant XZ+ with petrol powertrains.
    The new Nexon Dark will likely be supplied in XZ+, XZA+, XZ+(O) & XZA+(O) variants, in each petrol and diesel gas choices.
    Similarly, the Nexon EV darkish trim can be based mostly on XZ+ variant, which might have rear seat central armrest with cup-holders, 60:40 rear seat-split and adjustable rear seat headrests.
    Tata Nexon EV Dark (Image: Tata Motors)
    Harrier Dark version will likely be obtainable in three trims XT+, XZ+ & XZA+.
    The firm has launched unique merchandise, consisting of premium leather-based jackets and T-shirts so as to add aesthetics and intensify the styling a part of the darkish vary.

    The auto main has additionally launched a tyre puncture restore equipment, as a precedence buyer providing, to extend the comfort quotient within the vary.
    Amid the coronavirus pandemic, Tata Motors has put in place a complete enterprise agility plan to guard and serve the pursuits of its clients, sellers, and suppliers for the well-being of its enterprise and supporting ecosystem.

  • Tata Motors shares prolong fall; inventory dips over 3 per cent

    Tata Motors share worth: Shares of Tata Motors prolonged their losses and slipped over 3 per cent in early commerce on Wednesday.
    The inventory dipped as a lot as 3.36 per cent every to Rs 306.30 apiece on the BSE and Rs 306.25 on the National Stock Exchange (NSE) through the early morning commerce on Wednesday.
    At 11:42 am, Tata Motors inventory was at Rs 312.00, down Rs 4.95 (1.56 per cent) on the BSE and at Rs 312.20, down Rs 4.70 (1.48 per cent) on NSE. Over 41.74 lakh shares had been traded on the BSE to this point within the intraday commerce whereas over 5.95 crore shares exchanged fingers on NSE.
    On Tuesday, Tata Motors scrip had gone right into a tailspin erasing early good points and crashed over 8 per cent decrease on each the exchanges triggered by a selloff in direction of the top of the commerce session.
    The automaker’s UK subsidiary Jaguar Land Rover (JLR) on Tuesday reported a 68.1 per cent year-on-year rise in retail gross sales for the quarter ended June 2021 at 124,537 models. It had retailed 74,067 models within the April-June quarter final yr.

    Wholesales had been up 72.6 per cent on-year at 84,442 models (excluding China JV). However, wholesales had been round 30,000 models decrease than demand would have permitted attributable to semiconductor provide constraints and impacts of Covid-19 affecting the worldwide auto trade, JLR mentioned in its assertion.
    “Looking ahead, the chip shortage is presently very dynamic and difficult to forecast,” the assertion mentioned including that primarily based on the latest inputs from suppliers, JLR now expects chip provide shortages within the second quarter ended September 2021, to be higher than within the first quarter, probably leading to wholesale volumes about 50 per cent decrease than deliberate.
    “We expect the situation will start to improve in the second half of our financial year. However, the broader underlying structural capacity issues will only be resolved as supplier investment in new capacities comes online over the next 12-18 months and so we expect some level of shortages will continue through to the end of the year and beyond,” the JLR assertion famous.

    “While the present supply constraints continue, the company will continue to prioritise production of higher-margin vehicles for the chip supply available as well as make chip and product specification changes wherever possible to reduce the impact,” it mentioned.
    “In the scenario above, we expect an operating cash outflow of about £1 billion with a negative EBIT (earnings before interest and taxes) margin in the second quarter and a substantial improvement in underlying* operating cash flow in the second half of the financial year as chip supply improves,” the automaker mentioned.

  • Tata Motors gross sales drop 38% on-month to 24,552 models in May

    Tata Motors on Tuesday stated its whole home gross sales declined by 38 per cent to 24,552 models in May as in comparison with 39,530 automobiles in April this 12 months.
    The firm had bought 4,418 models in May final 12 months.
    The auto main stated its passenger car gross sales within the home market stood at 15,181 models in May, down 40 per cent from 25,095 models in April this 12 months.
    Commercial car gross sales within the home market stood at 9,371 models, down 35 per cent from 14,435 models in April, it added.