Tata Motors Ltd has reported Q3FY25 profit at Rs 5,451 crore, which is a drop of 22.41% compared to Rs 7,025 crore during the corresponding period of FY24, according to a company statement issued here on Wednesday.
On 9 October, 2024, the world of industries lost a doyen, Ratan Navroz Tata. He was 82. He left behind a legacy across several sectors. But one of them, automobiles, was especially close to his heart. And among them, Nano was really special.
Kia has sold 1.6 million units in India and overseas markets combined to date.
Tata Motors on Monday announced it has received an order from the Uttar Pradesh State Road Transport Corporation (UPSRTC) to supply 1,000 units of the ‘Tata LPO 1618’ diesel bus chassis.
At 9.39 a.m., Sensex was up 687 points or 0.83 per cent at 83,635 and Nifty was up 197 points or 0.78 per cent at 25,575.
A flag-off ceremony was held at the facility here in the presence of UP Chief Secretary Durga Shanker Mishra and senior delegates from the country's largest commercial vehicle manufacturer.
Currently Tata Motors held over two-thirds of the country's EV market, but Mahindra & Mahindra and BYD are emerging players in the Indian market.
Tata Motors board approved the proposal to demerge the company into two separate listed entities, viz a) CV and its related investments and b) PV, including India PV, EV, JLR, and related investments.
The company remains positive on its three automotive businesses – Jaguar and Land Rover (JLR), Tata Commercial Vehicles, and Tata Passenger Vehicles.
The market construct is favourable for consolidation around current levels and gradual up move, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
