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Iveco posts quarterly loss, says Tata takeover expected to close in Q3
May 7 (Reuters) - Italian truckmaker Iveco IVG.MI, set to be acquired by India's Tata Motors TATM.NS, said on Thursday its adjusted net result swung to a loss of 74 million euros ($87 million) in the first quarter, from a profit of 60 million euros a year ago.
Iveco also said that Tata Motors' tender offer was expected to close by the third quarter of 2026, and not in the second quarter as previously estimated.
The negative results follow the sale of Iveco's defence unit to Italy's Leonardo DRS.O, which was finalised in March
Q1 adjusted operating loss from industrial activities was 90 million euros, compared to a profit of 82 million euros in 2025
Net revenue from industrial activities amounted to 2.8 billion euros in the quarter
($1 = 0.8510 euros)
(Reporting by Anna Uras in Gdansk, editing by Milla Nissi-Prussak)
May 7 (Reuters) - Italian truckmaker Iveco IVG.MI, set to be acquired by India's Tata Motors TATM.NS, said on Thursday its adjusted net result swung to a loss of 74 million euros ($87 million) in the first quarter, from a profit of 60 million euros a year ago.
Iveco also said that Tata Motors' tender offer was expected to close by the third quarter of 2026, and not in the second quarter as previously estimated.
The negative results follow the sale of Iveco's defence unit to Italy's Leonardo DRS.O, which was finalised in March
Q1 adjusted operating loss from industrial activities was 90 million euros, compared to a profit of 82 million euros in 2025
Net revenue from industrial activities amounted to 2.8 billion euros in the quarter
($1 = 0.8510 euros)
(Reporting by Anna Uras in Gdansk, editing by Milla Nissi-Prussak)
India’s retail car sales hit April high, but Mideast crisis clouds outlook
May 5 (Reuters) - India's retail car sales rose in April, an auto dealers' body said on Tuesday, although the Middle East crisis and its impact on fuel prices could hurt demand going into the summer months.
Passenger vehicle sales rose 12.2% year-on-year to 407,355 units, a record for April, helped by a boost from last September's rate cuts, easier financing conditions and strong demand from smaller towns and rural areas, the Federation of Automobile Dealers Associations said
Overall vehicle retail sales climbed 12.9% to 2.6 million units, also an all-time high for April, with five out of six segments posting record volumes
Dealers warned that uncertainty stemming from the Middle East could weigh on sentiment if higher crude prices spill over into fuel costs, and also flagged risk from heatwaves and supply constraints
Indian state fuel retailers have raised prices of liquefied petroleum gas for industrial customers and jet fuel sold to foreign carriers, but there has been no increase in retail prices of gasoline, gasoil, LPG or jet fuel for Indian carriers
For April, rural car sales jumped 20.4%, nearly three times faster than urban growth of 7.1%, supported by a revival in small cars
Inventory levels edged up to around 28 to 30 days, within what the association considers a "healthy range", though dealers urged manufacturers to go slow on dispatches as demand typically softens in May and June
(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; 8800437922;))
May 5 (Reuters) - India's retail car sales rose in April, an auto dealers' body said on Tuesday, although the Middle East crisis and its impact on fuel prices could hurt demand going into the summer months.
Passenger vehicle sales rose 12.2% year-on-year to 407,355 units, a record for April, helped by a boost from last September's rate cuts, easier financing conditions and strong demand from smaller towns and rural areas, the Federation of Automobile Dealers Associations said
Overall vehicle retail sales climbed 12.9% to 2.6 million units, also an all-time high for April, with five out of six segments posting record volumes
Dealers warned that uncertainty stemming from the Middle East could weigh on sentiment if higher crude prices spill over into fuel costs, and also flagged risk from heatwaves and supply constraints
Indian state fuel retailers have raised prices of liquefied petroleum gas for industrial customers and jet fuel sold to foreign carriers, but there has been no increase in retail prices of gasoline, gasoil, LPG or jet fuel for Indian carriers
For April, rural car sales jumped 20.4%, nearly three times faster than urban growth of 7.1%, supported by a revival in small cars
Inventory levels edged up to around 28 to 30 days, within what the association considers a "healthy range", though dealers urged manufacturers to go slow on dispatches as demand typically softens in May and June
(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; 8800437922;))
Tata Motors April 2026 Sales Rise To 34,833 Units From 27,221 Units In April 2025
May 1 (Reuters) - Tata Motors Ltd TATM.NS:
APRIL 2026 SALES RISE TO 34,833 UNITS FROM 27,221 UNITS IN APRIL 2025
Source text: ID:nBSE7LWR6L
Further company coverage: TATM.NS
(([email protected];))
May 1 (Reuters) - Tata Motors Ltd TATM.NS:
APRIL 2026 SALES RISE TO 34,833 UNITS FROM 27,221 UNITS IN APRIL 2025
Source text: ID:nBSE7LWR6L
Further company coverage: TATM.NS
(([email protected];))
Middle East conflict disrupts scrap supplies to India's aluminium producers, raises costs
By Neha Arora
NEW DELHI, April 28 (Reuters) - India's secondary aluminium producers, which rely on imported scrap, are facing shortages as the Middle East conflict disrupts supplies and drives up costs that are likely to be passed on to automakers, industry executives said.
India, one of the world's largest aluminium scrap importers, produces nearly half of its 4.2 million metric tons of aluminium through its secondary sector. The country depends heavily on scrap from the European Union, the U.S. and the Middle East, which accounts for about 30% of shipments.
"Various units are running at lower capacities and there are production cuts of 20-40%," said Jayant Jain, managing director at G. R. Metalloys, a leading producer based in the western city of Ahmedabad.
Scrap prices have jumped by nearly 30% since the Iran conflict began earlier this year, executives said, squeezing margins and depleting inventories.
"There is a hand-to-mouth situation in scrap plants because of shortages and price increase," said Sandeep Jain, managing director at Sunalco Alloys, adding that most companies have exhausted stocks.
The strain is expected to ripple through to the auto sector, dominated by companies such as Maruti Suzuki MRTI.NS, Tata Motors TATM.NS, Mahindra & Mahindra and Hyundai Motor India HYUN.NS, which together consume about 60% of domestically produced secondary aluminium.
"Due to the squeeze in scrap supplies, prices have been impacted, which will eventually be passed on to carmakers and ultimately, the buyers," said Dhawal Shah, managing partner at Metco Ventures.
India's auto industry body warned earlier this month of potential production disruptions, as well as higher input, fuel and freight costs due to the Middle East conflict.
Secondary producers are also grappling with a 2.5% import levy on scrap, which executives say is exacerbating cost pressures. A recyclers' body has sought intervention from the Prime Minister's Office to remove the tax, Reuters reported last week.
The government is studying the industry's request, Mines Secretary Piyush Goyal said.
A European industry lobby group has also asked India to exempt a 10% import duty on glass bottles and aluminium cans amid shortage fears linked to the Iran war. The conflict has already caused a shortage of Diet Coke, which is sold only in aluminium cans in India.
(Reporting by Neha Arora. Editing by Mayank Bhardwaj and Mark Potter)
(([email protected]; X: neha_5;))
By Neha Arora
NEW DELHI, April 28 (Reuters) - India's secondary aluminium producers, which rely on imported scrap, are facing shortages as the Middle East conflict disrupts supplies and drives up costs that are likely to be passed on to automakers, industry executives said.
India, one of the world's largest aluminium scrap importers, produces nearly half of its 4.2 million metric tons of aluminium through its secondary sector. The country depends heavily on scrap from the European Union, the U.S. and the Middle East, which accounts for about 30% of shipments.
"Various units are running at lower capacities and there are production cuts of 20-40%," said Jayant Jain, managing director at G. R. Metalloys, a leading producer based in the western city of Ahmedabad.
Scrap prices have jumped by nearly 30% since the Iran conflict began earlier this year, executives said, squeezing margins and depleting inventories.
"There is a hand-to-mouth situation in scrap plants because of shortages and price increase," said Sandeep Jain, managing director at Sunalco Alloys, adding that most companies have exhausted stocks.
The strain is expected to ripple through to the auto sector, dominated by companies such as Maruti Suzuki MRTI.NS, Tata Motors TATM.NS, Mahindra & Mahindra and Hyundai Motor India HYUN.NS, which together consume about 60% of domestically produced secondary aluminium.
"Due to the squeeze in scrap supplies, prices have been impacted, which will eventually be passed on to carmakers and ultimately, the buyers," said Dhawal Shah, managing partner at Metco Ventures.
India's auto industry body warned earlier this month of potential production disruptions, as well as higher input, fuel and freight costs due to the Middle East conflict.
Secondary producers are also grappling with a 2.5% import levy on scrap, which executives say is exacerbating cost pressures. A recyclers' body has sought intervention from the Prime Minister's Office to remove the tax, Reuters reported last week.
The government is studying the industry's request, Mines Secretary Piyush Goyal said.
A European industry lobby group has also asked India to exempt a 10% import duty on glass bottles and aluminium cans amid shortage fears linked to the Iran war. The conflict has already caused a shortage of Diet Coke, which is sold only in aluminium cans in India.
(Reporting by Neha Arora. Editing by Mayank Bhardwaj and Mark Potter)
(([email protected]; X: neha_5;))
Iveco Says Extraordinary General Meeting On Tata Takeover, Expected In Early May, To Take Place At Later Date
April 16 (Reuters) - Iveco Group NV IVG.MI:
SAID ON WEDNESDAY EXTRAORDINARY GENERAL MEETING ON TATA TAKEOVER, ORIGINALLY EXPECTED IN EARLY MAY, WILL TAKE PLACE AT LATER DATE
Further company coverage: IVG.MI
(Gdansk Newsroom)
(([email protected]; +48 58 769 66 00;))
April 16 (Reuters) - Iveco Group NV IVG.MI:
SAID ON WEDNESDAY EXTRAORDINARY GENERAL MEETING ON TATA TAKEOVER, ORIGINALLY EXPECTED IN EARLY MAY, WILL TAKE PLACE AT LATER DATE
Further company coverage: IVG.MI
(Gdansk Newsroom)
(([email protected]; +48 58 769 66 00;))
INDIA FILE-Retail investors dig in as foreign money flees
India File is published every Tuesday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.
By Ira Dugal
Once again, India's vast army of mom-and-pop investors is punching above its weight. While foreign funds rushed for the exits in March and shares in Asia's third-biggest economy logged their steepest monthly fall in six years, retail clients doubled down on their bets.
Are they spotting value early, or missing risks that foreign funds see? Write to me at [email protected].
And, the Reserve Bank of India puts banks under its radar for acting against the interests of the country's forex markets. Scroll down for more on that.
THIS WEEK IN ASIA
** US, Iran leave door open to dialogue after tense Islamabad talks
** Singapore tightens monetary policy as Iran war fuels inflation risks
** Iran war leaves crisis-scarred countries counting the cost
** China's factories snap years-long deflation spell on Iran war price shock
** Protracted Iran war narrows BOJ's rate hike options
CORRECTION VIEWED AS A BUYING OPPORTUNITY
In the central Indian town of Indore, 24-year-old Yash Raj Verma rubbed his hands in glee when markets took another dive in March as missiles flew in the Middle East war. "When everyone is selling, you should buy, I have understood that," said the home tutor who increased his monthly investments into stock funds by a quarter to 25,000 rupees ($268.49).
Millions of small-time investors like Verma remained unfazed in March when India's equity benchmark index Nifty 50 .NSEI fell 11% - the biggest monthly drawdown in six years. By contrast, foreign funds exited at a record pace.
The retail investors, who have pumped in an average of $2 billion a month over the past five years, have become crucial to Indian equity markets and are currently the main shock absorber for stocks as global money pulls back.
With Indian equity indices correcting rapidly since the Iran war began and threatening to magnify last year's underperformance - the worst in decades - analysts are watching closely to see if this class of investor buckles.
Data from the Association of Mutual Funds in India suggests they did not, at least in the month of March.
Equity-oriented mutual funds recorded net inflows of 404.5 billion Indian rupees in March 2026, up from 259.78 billion rupees in February. Inflows through monthly contribution plans like the one that Verma subscribes to, known as Systematic Investment Plans (SIPs), rose over 7% to a record 321 billion rupees.
While one-off factors like financial year-end contributions for tax saving may have helped, analysts said that investors used the fall in the market to bottom-fish.
Tarun Surana, a Mumbai-based independent distributor of mutual funds, said most of his clients had chosen to top up monthly investment plans during March's fall in equity markets.
"The correction appears to have been viewed as a buying opportunity rather than a trigger for risk aversion, leading to a meaningful pickup in equity inflows during the month," said Himanshu Srivastava, analyst at Morningstar Investment Research India.
PRESSURE ON COMPANY EARNINGS
The Iran war, now into its second month, has impacted sectors ranging from ceramics to glass manufacturing and restaurants, which have already seen business curtailed. Sentiment indicators like the HSBC India Purchasing Managers' Index have also declined.
Foreign investors expect that weakened growth will weigh on earnings of Indian firms, leaving equity indices looking overvalued despite the decline in prices.
Citing these concerns, Goldman Sachs downgraded India to 'market weight' from 'overweight' in a note dated March 26.
The negative sentiment has been reflected in flows, with foreign investors selling nearly $18 billion in Indian stocks in March and so far in April.
Domestic investors, though, see it differently.
The Nifty 50 typically trades at a 50% price-to-earnings premium to the MSCI Emerging Markets index .MSCIEF, Edelweiss Mutual Fund said in an April report, but that gap has now halved, pointing to a favourable medium-term outlook for Indian equities.
"We have seen many cycles and the market always comes back," said Lokesh Tiwari, a 43-year-old Abu Dhabi-based finance professional who typically invests 100,000 to 200,000 rupees a month in Indian equities but bought funds worth nearly 12 times that last month by repatriating his overseas money.
"Every time a correction happens, I look for opportunities."
MARKET MATTERS
India's central bank is looking into the unwinding of rupee arbitrage trades by banks after a recent order asking them to cut positions.
Banks offloaded a chunk of these positions to corporates, who are not allowed to take arbitrage bets, drawing the Reserve Bank of India's scrutiny.
The RBI is also likely to push ahead with a plan to ask lenders to report all offshore trades involving the Indian rupee, after a ballooning of arbitrage was seen to accelerate depreciation of the South Asian currency.
Read that Reuters Exclusive here.
THIS WEEK'S MUST-READ
The northern state of Haryana, home to the auto hub of Manesar, raised the minimum wage by 35% after factory workers protested rising living costs as a result of the U.S.-Israeli war on Iran.
While retail prices of petrol and diesel have not been raised in India, cooking gas costs have risen.
Protests were also seen in nearby Noida, which also houses thousands of industrial units.
Higher wage costs will hurt Indian auto firms such as Tata Motors TATM.NS and Mahindra MAHM.NS, and push up prices in an economy where inflation is currently modest.
($1 = 93.1120 Indian rupees)
Rupee's fall hastened after Iran war broke out, drawing regulatory measures https://reut.rs/4mpmBEZ
SIP contributions in India's mutual funds hit record high in March https://reut.rs/3NTWrxx
(Reporting by Ira Dugal; Editing by Muralikumar Anantharaman)
(([email protected]; +91-9833024892;))
India File is published every Tuesday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.
By Ira Dugal
Once again, India's vast army of mom-and-pop investors is punching above its weight. While foreign funds rushed for the exits in March and shares in Asia's third-biggest economy logged their steepest monthly fall in six years, retail clients doubled down on their bets.
Are they spotting value early, or missing risks that foreign funds see? Write to me at [email protected].
And, the Reserve Bank of India puts banks under its radar for acting against the interests of the country's forex markets. Scroll down for more on that.
THIS WEEK IN ASIA
** US, Iran leave door open to dialogue after tense Islamabad talks
** Singapore tightens monetary policy as Iran war fuels inflation risks
** Iran war leaves crisis-scarred countries counting the cost
** China's factories snap years-long deflation spell on Iran war price shock
** Protracted Iran war narrows BOJ's rate hike options
CORRECTION VIEWED AS A BUYING OPPORTUNITY
In the central Indian town of Indore, 24-year-old Yash Raj Verma rubbed his hands in glee when markets took another dive in March as missiles flew in the Middle East war. "When everyone is selling, you should buy, I have understood that," said the home tutor who increased his monthly investments into stock funds by a quarter to 25,000 rupees ($268.49).
Millions of small-time investors like Verma remained unfazed in March when India's equity benchmark index Nifty 50 .NSEI fell 11% - the biggest monthly drawdown in six years. By contrast, foreign funds exited at a record pace.
The retail investors, who have pumped in an average of $2 billion a month over the past five years, have become crucial to Indian equity markets and are currently the main shock absorber for stocks as global money pulls back.
With Indian equity indices correcting rapidly since the Iran war began and threatening to magnify last year's underperformance - the worst in decades - analysts are watching closely to see if this class of investor buckles.
Data from the Association of Mutual Funds in India suggests they did not, at least in the month of March.
Equity-oriented mutual funds recorded net inflows of 404.5 billion Indian rupees in March 2026, up from 259.78 billion rupees in February. Inflows through monthly contribution plans like the one that Verma subscribes to, known as Systematic Investment Plans (SIPs), rose over 7% to a record 321 billion rupees.
While one-off factors like financial year-end contributions for tax saving may have helped, analysts said that investors used the fall in the market to bottom-fish.
Tarun Surana, a Mumbai-based independent distributor of mutual funds, said most of his clients had chosen to top up monthly investment plans during March's fall in equity markets.
"The correction appears to have been viewed as a buying opportunity rather than a trigger for risk aversion, leading to a meaningful pickup in equity inflows during the month," said Himanshu Srivastava, analyst at Morningstar Investment Research India.
PRESSURE ON COMPANY EARNINGS
The Iran war, now into its second month, has impacted sectors ranging from ceramics to glass manufacturing and restaurants, which have already seen business curtailed. Sentiment indicators like the HSBC India Purchasing Managers' Index have also declined.
Foreign investors expect that weakened growth will weigh on earnings of Indian firms, leaving equity indices looking overvalued despite the decline in prices.
Citing these concerns, Goldman Sachs downgraded India to 'market weight' from 'overweight' in a note dated March 26.
The negative sentiment has been reflected in flows, with foreign investors selling nearly $18 billion in Indian stocks in March and so far in April.
Domestic investors, though, see it differently.
The Nifty 50 typically trades at a 50% price-to-earnings premium to the MSCI Emerging Markets index .MSCIEF, Edelweiss Mutual Fund said in an April report, but that gap has now halved, pointing to a favourable medium-term outlook for Indian equities.
"We have seen many cycles and the market always comes back," said Lokesh Tiwari, a 43-year-old Abu Dhabi-based finance professional who typically invests 100,000 to 200,000 rupees a month in Indian equities but bought funds worth nearly 12 times that last month by repatriating his overseas money.
"Every time a correction happens, I look for opportunities."
MARKET MATTERS
India's central bank is looking into the unwinding of rupee arbitrage trades by banks after a recent order asking them to cut positions.
Banks offloaded a chunk of these positions to corporates, who are not allowed to take arbitrage bets, drawing the Reserve Bank of India's scrutiny.
The RBI is also likely to push ahead with a plan to ask lenders to report all offshore trades involving the Indian rupee, after a ballooning of arbitrage was seen to accelerate depreciation of the South Asian currency.
Read that Reuters Exclusive here.
THIS WEEK'S MUST-READ
The northern state of Haryana, home to the auto hub of Manesar, raised the minimum wage by 35% after factory workers protested rising living costs as a result of the U.S.-Israeli war on Iran.
While retail prices of petrol and diesel have not been raised in India, cooking gas costs have risen.
Protests were also seen in nearby Noida, which also houses thousands of industrial units.
Higher wage costs will hurt Indian auto firms such as Tata Motors TATM.NS and Mahindra MAHM.NS, and push up prices in an economy where inflation is currently modest.
($1 = 93.1120 Indian rupees)
Rupee's fall hastened after Iran war broke out, drawing regulatory measures https://reut.rs/4mpmBEZ
SIP contributions in India's mutual funds hit record high in March https://reut.rs/3NTWrxx
(Reporting by Ira Dugal; Editing by Muralikumar Anantharaman)
(([email protected]; +91-9833024892;))
UK awards $510 million to Tata's Agratas for Somerset EV battery gigafactory
April 9 (Reuters) - Britain has awarded about 380 million pounds ($509.54 million) in funding to Agratas, the battery arm of India's Tata Group, to support the transition to zero-emission vehicles, the government-backed Advanced Propulsion Centre (APC) said on Thursday.
Here are some details on the announcement from the UK's Advanced Propulsion Centre (APC), with the funding forming part of a broader 470 million pound grant:
The investment forms part of a broader 470 million pound government grant package and will support Agratas' planned gigafactory in Somerset, enhancing domestic electric vehicle (EV) battery production and strengthening supply chains for zero-emission transport, the APC said.
The grant to Agratas was proposed last year by the Department for Business and Trade.
Agratas, established to support Tata Motors TATM.NS and Jaguar Land Rover, is building what is set to be Britain's largest electric vehicle battery plant in Somerset, with expected capacity of about 40 gigawatt-hours.
"By funding our automotive sector, we are creating the right conditions for increased investment, economic growth, and jobs across the country," Minister for Industry Chris McDonald said in a statement.
The Somerset plant is expected to supply Jaguar Land Rover and could in future also supply other carmakers, helping support thousands of jobs.
The remaining government grants were allocated to winners across major collaboration, research and development, and investment programmes run by the government, the APC said.
APC works with the government and industry to support investment in zero-emission vehicle and battery manufacturing in Britain.
($1 = 0.7458 pounds)
(Reporting by Nithyashree R B and Pushkala Aripaka in Bengaluru; Editing by Tasim Zahid)
April 9 (Reuters) - Britain has awarded about 380 million pounds ($509.54 million) in funding to Agratas, the battery arm of India's Tata Group, to support the transition to zero-emission vehicles, the government-backed Advanced Propulsion Centre (APC) said on Thursday.
Here are some details on the announcement from the UK's Advanced Propulsion Centre (APC), with the funding forming part of a broader 470 million pound grant:
The investment forms part of a broader 470 million pound government grant package and will support Agratas' planned gigafactory in Somerset, enhancing domestic electric vehicle (EV) battery production and strengthening supply chains for zero-emission transport, the APC said.
The grant to Agratas was proposed last year by the Department for Business and Trade.
Agratas, established to support Tata Motors TATM.NS and Jaguar Land Rover, is building what is set to be Britain's largest electric vehicle battery plant in Somerset, with expected capacity of about 40 gigawatt-hours.
"By funding our automotive sector, we are creating the right conditions for increased investment, economic growth, and jobs across the country," Minister for Industry Chris McDonald said in a statement.
The Somerset plant is expected to supply Jaguar Land Rover and could in future also supply other carmakers, helping support thousands of jobs.
The remaining government grants were allocated to winners across major collaboration, research and development, and investment programmes run by the government, the APC said.
APC works with the government and industry to support investment in zero-emission vehicle and battery manufacturing in Britain.
($1 = 0.7458 pounds)
(Reporting by Nithyashree R B and Pushkala Aripaka in Bengaluru; Editing by Tasim Zahid)
Tata Motors Launches Tata Intra EV Pickup At 1.2 Mln Rupees
April 7 (Reuters) - Tata Motors Ltd TATM.NS:
LAUNCHES TATA INTRA EV PICKUP AT AN UNMATCHED PRICE OF 1.2 MILLION RUPEES
Further company coverage: TATM.NS
(([email protected];;))
April 7 (Reuters) - Tata Motors Ltd TATM.NS:
LAUNCHES TATA INTRA EV PICKUP AT AN UNMATCHED PRICE OF 1.2 MILLION RUPEES
Further company coverage: TATM.NS
(([email protected];;))
Tata Motors March 2026 Commercial Vehicle Sales Rise 17% To 47,976 Units
April 1 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS LTD - MARCH 2026 SALES RISE 17% TO 47,976 UNITS
TATA MOTORS - IN MARCH, MONTHLY DOUBLE-DIGIT YOY SALES GROWTH SAW SOME MODERATION AMID ONGOING CONFLICT IN WEST ASIA
TATA MOTORS LTD - CLOSELY TRACKING GEOPOLITICAL DEVELOPMENTS AND EVOLVING MACRO ENVIRONMENT
TATA MOTORS LTD - HAVE PUT IN PLACE APPROPRIATE MITIGATION MEASURES TO STRENGTHEN RESILIENCE AND MANAGE PRODUCTION CONTINUITY
Source text: ID:nBSEDFrK1
Further company coverage: TATM.NS
(([email protected];;))
April 1 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS LTD - MARCH 2026 SALES RISE 17% TO 47,976 UNITS
TATA MOTORS - IN MARCH, MONTHLY DOUBLE-DIGIT YOY SALES GROWTH SAW SOME MODERATION AMID ONGOING CONFLICT IN WEST ASIA
TATA MOTORS LTD - CLOSELY TRACKING GEOPOLITICAL DEVELOPMENTS AND EVOLVING MACRO ENVIRONMENT
TATA MOTORS LTD - HAVE PUT IN PLACE APPROPRIATE MITIGATION MEASURES TO STRENGTHEN RESILIENCE AND MANAGE PRODUCTION CONTINUITY
Source text: ID:nBSEDFrK1
Further company coverage: TATM.NS
(([email protected];;))
India asks auto industry to optimise production as Iran war hurts energy supplies
Repeats to additional subscribers, with no change to text
By Aditi Shah
NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.
The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.
For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.
India's ministry of heavy industries did not immediately respond to a request for comment.
The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.
Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.
The ministry wants the sector to do more.
"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.
The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.
"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.
(Reporting by Aditi Shah, Editing by William Maclean)
(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))
Repeats to additional subscribers, with no change to text
By Aditi Shah
NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.
The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.
For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.
India's ministry of heavy industries did not immediately respond to a request for comment.
The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.
Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.
The ministry wants the sector to do more.
"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.
The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.
"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.
(Reporting by Aditi Shah, Editing by William Maclean)
(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))
India asks auto industry to optimise production as Iran war hurts energy supplies
By Aditi Shah
NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.
The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.
For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.
India's ministry of heavy industries did not immediately respond to a request for comment.
The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.
Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.
The ministry wants the sector to do more.
"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.
The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.
"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.
(Reporting by Aditi Shah, Editing by William Maclean)
(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))
By Aditi Shah
NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.
The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.
For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.
India's ministry of heavy industries did not immediately respond to a request for comment.
The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.
Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.
The ministry wants the sector to do more.
"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.
The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.
"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.
(Reporting by Aditi Shah, Editing by William Maclean)
(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))
India's Tata Motors rises on commercial vehicles' price hike
** Shares of Tata Motors TATM.NS rise as much as 2.11%
** Company says it will raise prices of its commercial vehicles by up to 1.5% from April 1
** Company says the hike is aimed at partially offsetting rising commodity prices and other input costs
** Follows price hike announced by Mercedes-Benz India last week
** Stock rated as "buy" on average by 17 analysts; median PT at 532 rupees, as per data compiled by LSEG
** YTD, stock down 6.7% vs Nifty Auto index down 11.2%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
** Shares of Tata Motors TATM.NS rise as much as 2.11%
** Company says it will raise prices of its commercial vehicles by up to 1.5% from April 1
** Company says the hike is aimed at partially offsetting rising commodity prices and other input costs
** Follows price hike announced by Mercedes-Benz India last week
** Stock rated as "buy" on average by 17 analysts; median PT at 532 rupees, as per data compiled by LSEG
** YTD, stock down 6.7% vs Nifty Auto index down 11.2%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
Tata Motors Ltd To Increase Commercial Vehicle Prices Up To 1.5% Effective April 1, 2026
March 16 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS LTD - TO INCREASE COMMERCIAL VEHICLE PRICES UP TO 1.5% EFFECTIVE APRIL 1, 2026
TATA MOTORS LTD - PRICE INCREASE TO OFFSET RISING COMMODITY PRICES AND INPUT COSTS
TATA MOTORS LTD - PRICE INCREASE IS BEING UNDERTAKEN TO PARTIALLY OFFSET IMPACT OF RISING COMMODITY PRICES AND OTHER INPUT COSTS
Source text: ID:nNSE1hh7gD
Further company coverage: TATM.NS
(([email protected];))
March 16 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS LTD - TO INCREASE COMMERCIAL VEHICLE PRICES UP TO 1.5% EFFECTIVE APRIL 1, 2026
TATA MOTORS LTD - PRICE INCREASE TO OFFSET RISING COMMODITY PRICES AND INPUT COSTS
TATA MOTORS LTD - PRICE INCREASE IS BEING UNDERTAKEN TO PARTIALLY OFFSET IMPACT OF RISING COMMODITY PRICES AND OTHER INPUT COSTS
Source text: ID:nNSE1hh7gD
Further company coverage: TATM.NS
(([email protected];))
Tata Motors Wins Pan-India Orders Of Over 5,000 Buses From Multiple State Transport Undertakings
March 13 (Reuters) - Tata Motors Ltd TATM.NS:
WIN PAN-INDIA ORDERS OF OVER 5,000 BUSES FROM MULTIPLE STATE TRANSPORT UNDERTAKINGS
Source text: ID:nNSE3L83V8
Further company coverage: TATM.NS
(([email protected];;))
March 13 (Reuters) - Tata Motors Ltd TATM.NS:
WIN PAN-INDIA ORDERS OF OVER 5,000 BUSES FROM MULTIPLE STATE TRANSPORT UNDERTAKINGS
Source text: ID:nNSE3L83V8
Further company coverage: TATM.NS
(([email protected];;))
India Automakers Delay Mideast Shipments As Iran War Snarls Exports- Bloomberg News
March 5 (Reuters) -
INDIA AUTOMAKERS DELAY MIDEAST SHIPMENTS AS IRAN WAR SNARLS EXPORTS- BLOOMBERG NEWS
INDIA AUTOMAKERS DELAY MIDEAST SHIPMENTS AS IRAN WAR SNARLS EXPORTS- BLOOMBERG NEWS
Source text: https://tinyurl.com/zk49bzrx
Further company coverage: HYUN.NS
(([email protected];))
March 5 (Reuters) -
INDIA AUTOMAKERS DELAY MIDEAST SHIPMENTS AS IRAN WAR SNARLS EXPORTS- BLOOMBERG NEWS
INDIA AUTOMAKERS DELAY MIDEAST SHIPMENTS AS IRAN WAR SNARLS EXPORTS- BLOOMBERG NEWS
Source text: https://tinyurl.com/zk49bzrx
Further company coverage: HYUN.NS
(([email protected];))
India's Tata Motors hits record high after CLSA starts with 'outperform'
** Tata Motors TATM.NS gains as much as 2.25% to record high of 502.4 rupees apiece; stock last up 1.6%
** Commercial vehicle maker listed in November after demerger from Tata Motors Passenger Vehicles TAMO.NS and has since risen 92.7%
** CLSA initiates coverage of TATM with an "outperform" rating and a price target of 673 rupees apiece, implying a potential upside of 40%
** CLSA's price target is the highest among 17 analysts tracking TATM with an average rating of "buy", as per data compiled by LSEG
** "Stars are aligning for TATM as both India and Europe are heading into CV upcycle, setting the stage for a robust volume and margin rebound," says CLSA
** Adds EV adoption in light CVs in India and EU and the deal with Italy's Iveco will bring strategic benefits
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Tata Motors TATM.NS gains as much as 2.25% to record high of 502.4 rupees apiece; stock last up 1.6%
** Commercial vehicle maker listed in November after demerger from Tata Motors Passenger Vehicles TAMO.NS and has since risen 92.7%
** CLSA initiates coverage of TATM with an "outperform" rating and a price target of 673 rupees apiece, implying a potential upside of 40%
** CLSA's price target is the highest among 17 analysts tracking TATM with an average rating of "buy", as per data compiled by LSEG
** "Stars are aligning for TATM as both India and Europe are heading into CV upcycle, setting the stage for a robust volume and margin rebound," says CLSA
** Adds EV adoption in light CVs in India and EU and the deal with Italy's Iveco will bring strategic benefits
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India's Tata Sons delays chairman decision after clash with charity arm, source says
Updates to change source, add details throughout
By Aditya Kalra
NEW DELHI, Feb 24 (Reuters) - India's Tata Sons has postponed a decision on reappointing N Chandrasekaran as chairman after the head of its powerful charity arm opposed the move during a closed-door meeting on Tuesday, a source with direct knowledge of the matter said.
The delay underscores fresh tension in the Tata group's leadership transition and has revived worries of a repeat of the 2016 public clash between Tata Trusts and Tata Sons that bruised the reputation of India's most storied conglomerate.
Tata Trusts owns about 66% of Tata Sons, the holding company of the Indian salt-to-software group that houses 30 companies including Tata Consultancy Services TCS.NS, Tata Motors TATM.NS and Air India.
After family patriarch Ratan Tata died in 2024, his half-brother Noel Tata became chairman of Tata Trusts, putting him at the top of the group's ownership structure even as operational control stayed with Tata Sons.
Last year, Tata Sons and Tata Trusts clashed over board representation, strategy and how to handle the planned exit of minority shareholder Shapoorji Pallonji, a dispute that led to the ouster of a Tata Sons director.
At Tuesday's board meeting, four of six directors supported Chandrasekaran's reappointment, while Noel Tata opposed it and sought several conditions, including a commitment that Tata Sons would never be listed, the source said.
Chandrasekaran, whose term ends in February 2027, said he could not give such an assurance and would accept a deferment on his appointment if Tata Trusts preferred, the source added.
Tata Sons did not respond to an email seeking comment.
Chandrasekaran, 62, joined the Tata group in 1987 and rose to become TCS CEO in 2009 before taking over as Tata Sons chair in 2017.
Over the past year, he has faced challenges including intense regulatory scrutiny on Air India after a fatal crash, pricing pressure at crown-jewel TCS, and a cyberattack at Jaguar Land Rover that disrupted production and hit Britain's economic output.
Market capitalisation of Tata Group companies https://reut.rs/4s4XmcF
(Reporting by Chandini Monnappa and Kashish Tandon in Bengaluru. Editing by Mrigank Dhaniwala, Dhanya Skariachan and Mark Potter)
(([email protected]; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))
Updates to change source, add details throughout
By Aditya Kalra
NEW DELHI, Feb 24 (Reuters) - India's Tata Sons has postponed a decision on reappointing N Chandrasekaran as chairman after the head of its powerful charity arm opposed the move during a closed-door meeting on Tuesday, a source with direct knowledge of the matter said.
The delay underscores fresh tension in the Tata group's leadership transition and has revived worries of a repeat of the 2016 public clash between Tata Trusts and Tata Sons that bruised the reputation of India's most storied conglomerate.
Tata Trusts owns about 66% of Tata Sons, the holding company of the Indian salt-to-software group that houses 30 companies including Tata Consultancy Services TCS.NS, Tata Motors TATM.NS and Air India.
After family patriarch Ratan Tata died in 2024, his half-brother Noel Tata became chairman of Tata Trusts, putting him at the top of the group's ownership structure even as operational control stayed with Tata Sons.
Last year, Tata Sons and Tata Trusts clashed over board representation, strategy and how to handle the planned exit of minority shareholder Shapoorji Pallonji, a dispute that led to the ouster of a Tata Sons director.
At Tuesday's board meeting, four of six directors supported Chandrasekaran's reappointment, while Noel Tata opposed it and sought several conditions, including a commitment that Tata Sons would never be listed, the source said.
Chandrasekaran, whose term ends in February 2027, said he could not give such an assurance and would accept a deferment on his appointment if Tata Trusts preferred, the source added.
Tata Sons did not respond to an email seeking comment.
Chandrasekaran, 62, joined the Tata group in 1987 and rose to become TCS CEO in 2009 before taking over as Tata Sons chair in 2017.
Over the past year, he has faced challenges including intense regulatory scrutiny on Air India after a fatal crash, pricing pressure at crown-jewel TCS, and a cyberattack at Jaguar Land Rover that disrupted production and hit Britain's economic output.
Market capitalisation of Tata Group companies https://reut.rs/4s4XmcF
(Reporting by Chandini Monnappa and Kashish Tandon in Bengaluru. Editing by Mrigank Dhaniwala, Dhanya Skariachan and Mark Potter)
(([email protected]; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))
India's Tata Motors rises after Indonesian unit wins record order
** Shares of Tata Motors TATM.NS up 2% at 482 rupees
** Commercial vehicles maker says Indonesian subsidiary got order for Yodha and Ultra T.7 vehicles, totalling 70,000 units
** Biggest order for Tata Motors Indonesia - co
** Stock, on avg, rated "buy" by 16 analysts covering it; median TP 515 rupees - data compiled by LSEG
** YTD stock up about 16%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of Tata Motors TATM.NS up 2% at 482 rupees
** Commercial vehicles maker says Indonesian subsidiary got order for Yodha and Ultra T.7 vehicles, totalling 70,000 units
** Biggest order for Tata Motors Indonesia - co
** Stock, on avg, rated "buy" by 16 analysts covering it; median TP 515 rupees - data compiled by LSEG
** YTD stock up about 16%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Tata Motors Indonesia Secures Order For 70,000 Yodha, Ultra T.7 Vehicles
Feb 10 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS INDONESIA SECURES ORDER FOR 70,000 YODHA, ULTRA T.7 VEHICLES
Source text: ID:nNSE48ZnR
Further company coverage: TATM.NS
(([email protected];))
Feb 10 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS INDONESIA SECURES ORDER FOR 70,000 YODHA, ULTRA T.7 VEHICLES
Source text: ID:nNSE48ZnR
Further company coverage: TATM.NS
(([email protected];))
Tata Motors Incorporates Aiequ Mobility Limited As Subsidiary
Feb 9 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS LTD - INCORPORATES AIEQU MOBILITY LIMITED AS SUBSIDIARY
Source text: ID:nBSE5NNcQf
Further company coverage: TATM.NS
(([email protected];))
Feb 9 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS LTD - INCORPORATES AIEQU MOBILITY LIMITED AS SUBSIDIARY
Source text: ID:nBSE5NNcQf
Further company coverage: TATM.NS
(([email protected];))
India's Tata Motors slips on quarterly profit fall; analysts stay bullish on long-term growth
** Shares of India's top commercial vehicle maker Tata Motors TATM.NS fall as much as 4.2% to 450.55 rupees, last down 1.1%
** Co reports 60.4% decline in quarterly profit to 5.61 billion rupees ($61.04 million)
** Q3 revenue rises to 203.15 billion rupees from 168.97 billion rupees the year before
** Ambit Insights says while PAT had a one-time impact, underlying operational health is stellar
** Brokerage says overall, positive macros, stricter working capital control, GST 2.0 led logistics demand and better fleet owner profitability are tailwinds for growth
** Emkay Research says overall CV demand environment remains constructive, with double-digit growth likely to sustain till H1FY27 – TMCV should lead this multi-year upcycle
** Shares up 12% so far this month
($1 = 91.9020 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of India's top commercial vehicle maker Tata Motors TATM.NS fall as much as 4.2% to 450.55 rupees, last down 1.1%
** Co reports 60.4% decline in quarterly profit to 5.61 billion rupees ($61.04 million)
** Q3 revenue rises to 203.15 billion rupees from 168.97 billion rupees the year before
** Ambit Insights says while PAT had a one-time impact, underlying operational health is stellar
** Brokerage says overall, positive macros, stricter working capital control, GST 2.0 led logistics demand and better fleet owner profitability are tailwinds for growth
** Emkay Research says overall CV demand environment remains constructive, with double-digit growth likely to sustain till H1FY27 – TMCV should lead this multi-year upcycle
** Shares up 12% so far this month
($1 = 91.9020 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
Tata Motors Q3 Profit 5.61 Billion Rupees
Jan 29 (Reuters) - Tata Motors Ltd TATM.NS:
PROFIT 5.61 BILLION RUPEES
TOTAL REVENUE FROM OPERATIONS 204.04 BILLION RUPEES
GOING FORWARD, WE EXPECT DEMAND TO FURTHER STRENGTHEN IN Q4FY26 ACROSS MOST COMMERCIAL VEHICLE SEGMENTS
TATA MOTORS RESULTS INCLUDE ONE-TIME CHARGE OF 15.45 BLN RUPEES, INCLUDING 5.74 BLN RUPEES ON NEW LABOR CODE
Source text: [ID:]
Further company coverage: TATM.NS
(([email protected];))
Jan 29 (Reuters) - Tata Motors Ltd TATM.NS:
PROFIT 5.61 BILLION RUPEES
TOTAL REVENUE FROM OPERATIONS 204.04 BILLION RUPEES
GOING FORWARD, WE EXPECT DEMAND TO FURTHER STRENGTHEN IN Q4FY26 ACROSS MOST COMMERCIAL VEHICLE SEGMENTS
TATA MOTORS RESULTS INCLUDE ONE-TIME CHARGE OF 15.45 BLN RUPEES, INCLUDING 5.74 BLN RUPEES ON NEW LABOR CODE
Source text: [ID:]
Further company coverage: TATM.NS
(([email protected];))
PRESS DIGEST-British Business - January 26
Jan 26 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Times
- Housing tycoon Jeff Fairburn and hedge fund Elliott are taking Lloyds Banking Group LLOY.L to the High Court in a multimillion-pound row over who should foot the bill for houses that fail to meet post-Grenfell fire safety requirements.
The Guardian
- The UK and nine other European countries have agreed to build an offshore wind power grid in the North Sea in a landmark pact to turn the ageing oil basin into a "clean energy reservoir".
The Telegraph
- Jaguar Land Rover TATM.NS is exploring plans to develop a new petrol-powered engine. The company is reportedly drawing up proposals for a vehicle powered partly by a combustion engine, despite earlier pledges to go "all electric".
Sky News
- One of Britain's most prominent online beauty retailers, Beauty Bay is exploring options to raise new funding through a process that could lead to an outright sale.
- Britain's largest operator of private hospitals, Spire Healthcare Group SPI.L is in talks with a pack of buyout firms about a takeover that would result in it becoming the latest FTSE-250 company to disappear from the London stock market.
(Compiled by Bengaluru newsroom)
Jan 26 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Times
- Housing tycoon Jeff Fairburn and hedge fund Elliott are taking Lloyds Banking Group LLOY.L to the High Court in a multimillion-pound row over who should foot the bill for houses that fail to meet post-Grenfell fire safety requirements.
The Guardian
- The UK and nine other European countries have agreed to build an offshore wind power grid in the North Sea in a landmark pact to turn the ageing oil basin into a "clean energy reservoir".
The Telegraph
- Jaguar Land Rover TATM.NS is exploring plans to develop a new petrol-powered engine. The company is reportedly drawing up proposals for a vehicle powered partly by a combustion engine, despite earlier pledges to go "all electric".
Sky News
- One of Britain's most prominent online beauty retailers, Beauty Bay is exploring options to raise new funding through a process that could lead to an outright sale.
- Britain's largest operator of private hospitals, Spire Healthcare Group SPI.L is in talks with a pack of buyout firms about a takeover that would result in it becoming the latest FTSE-250 company to disappear from the London stock market.
(Compiled by Bengaluru newsroom)
CHINA’S CHERY WOULD USE A BRITISH PLANT OWNED BY JAGUAR LAND ROVER TO MANUFACTURE CARS - FT
Jan 23 (Reuters) -
CHINA’S CHERY WOULD USE A BRITISH PLANT OWNED BY JAGUAR LAND ROVER TO MANUFACTURE CARS - FT
CHERY PLAN TO USE BRITISH JLR PLANTS ON AGENDA FOR STARMER’S BEIJING TRIP - FT
Source text: [ID:]
Further company coverage: 9973.HK
(([email protected];))
Jan 23 (Reuters) -
CHINA’S CHERY WOULD USE A BRITISH PLANT OWNED BY JAGUAR LAND ROVER TO MANUFACTURE CARS - FT
CHERY PLAN TO USE BRITISH JLR PLANTS ON AGENDA FOR STARMER’S BEIJING TRIP - FT
Source text: [ID:]
Further company coverage: 9973.HK
(([email protected];))
India's Tata Motors gains after Nomura initiates with 'buy'
** Shares of Indian commercial vehicle maker Tata Motors TATM.NS up 3% to 448.30 rupees
** Nomura initiates coverage on stock with "Buy" rating, PT of 481 rupees - about 11% upside from last close
** Brokerage says a clear improvement in fleet operator economics, driven by lower GST cuts and better freight rates, will lead to higher profitability
** TATM's India business is likely to benefit from the expected upcycle, given its dominant market share of ~46% in the domestic MHCV industry in FY25
** Expect healthy 10%/10%/5% yoy volume growth in FY26-28F, with EBITDA margins expanding to 12%-13% over FY26-28F - Nomura
** The average rating of seven analysts tracking TATM is "Buy"; the median price target is 487.50 rupees, per data compiled by LSEG
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of Indian commercial vehicle maker Tata Motors TATM.NS up 3% to 448.30 rupees
** Nomura initiates coverage on stock with "Buy" rating, PT of 481 rupees - about 11% upside from last close
** Brokerage says a clear improvement in fleet operator economics, driven by lower GST cuts and better freight rates, will lead to higher profitability
** TATM's India business is likely to benefit from the expected upcycle, given its dominant market share of ~46% in the domestic MHCV industry in FY25
** Expect healthy 10%/10%/5% yoy volume growth in FY26-28F, with EBITDA margins expanding to 12%-13% over FY26-28F - Nomura
** The average rating of seven analysts tracking TATM is "Buy"; the median price target is 487.50 rupees, per data compiled by LSEG
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
Tata Motors Says Total CV Sales At 115,577 Units In Q3FY26
Jan 1 (Reuters) - Tata Motors Ltd TATM.NS:
TOTAL CV SALES AT 115,577 UNITS IN Q3FY26
Source text: ID:nNSE9FslCx
Further company coverage: TATM.NS
(([email protected];;))
Jan 1 (Reuters) - Tata Motors Ltd TATM.NS:
TOTAL CV SALES AT 115,577 UNITS IN Q3FY26
Source text: ID:nNSE9FslCx
Further company coverage: TATM.NS
(([email protected];;))
India's Ashok Leyland, Tata Motors gain; Nomura bullish on Indian truck, bus sales
** Shares of Indian commercial vehicle makers Tata Motors TATM.NS and Ashok Leyland ASOK.NS climb 4.6% and 2%, respectively
** Nomura begins coverage of TATM with "Buy" and PT of 481 rupees, second-highest on Street, lifts ASOK's PT to St-high 196 rupees
** Brokerage sees pace of Indian CV sales growth picking up on improving affordability and as higher freight rates boost profitability for fleet operators
** Industry-wide CV sales growth for FY26, FY27 to rise to 8%-10% from 5%-6% - Nomura
** On ASOK, Nomura sees co's sales of medium & heavy CVs to rise 10% in FY26, FY27 (vs 5% and 6% earlier)
** Adds, ASOK remains brokerage's top pick in Indian CV sector
** On average, analysts rate both stocks "Buy" - data compiled by LSEG
** ASOK is up nearly 61% vs auto stocks' .NIFTYAUTO ~21% rise; TATM up 23% since listing mid-November
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of Indian commercial vehicle makers Tata Motors TATM.NS and Ashok Leyland ASOK.NS climb 4.6% and 2%, respectively
** Nomura begins coverage of TATM with "Buy" and PT of 481 rupees, second-highest on Street, lifts ASOK's PT to St-high 196 rupees
** Brokerage sees pace of Indian CV sales growth picking up on improving affordability and as higher freight rates boost profitability for fleet operators
** Industry-wide CV sales growth for FY26, FY27 to rise to 8%-10% from 5%-6% - Nomura
** On ASOK, Nomura sees co's sales of medium & heavy CVs to rise 10% in FY26, FY27 (vs 5% and 6% earlier)
** Adds, ASOK remains brokerage's top pick in Indian CV sector
** On average, analysts rate both stocks "Buy" - data compiled by LSEG
** ASOK is up nearly 61% vs auto stocks' .NIFTYAUTO ~21% rise; TATM up 23% since listing mid-November
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
REFILE-India's Tata bets new SUV will boost fight with Hyundai, Suzuki
Fixes Tata Motors Reuters Instrument Code in paragraph 1
By Aditi Shah
NEW DELHI, Nov 25 (Reuters) - India's Tata Motors TAMO.NS is betting its newly launched sport-utility vehicle will help step up competition to rivals like Hyundai Motor and Maruti Suzuki in a fiercely fought and fast-growing part of the market.
Tata, which is India's third-largest carmaker, launched the mid-sized Sierra SUV on Tuesday, resurrecting a decades-old cult brand that will go head-to-head with Hyundai's Creta SUV and Suzuki's Victoris.
"The Sierra is not just a launch ... it's a statement we are making as we head into our new phase of growth," said Shailesh Chandra, CEO of Tata Motors Passenger Vehicles.
Tata has staged a comeback in India in recent years with new car launches that score high on safety and a push into electric vehicles, boosting its market share to over 13% at the end of September from 5% in 2019. It is India's biggest EV maker.
But competition is intensifying, with Mahindra & Mahindra MAHM.NS launching SUVs and EVs with widely praised designs and Hyundai dominating some segments with its value models. EVs from JSW-MG Motor, part-owned by China's SAIC Motor 600104.SS, have also chipped away at Tata's lead in EVs.
Tata and Mahindra are battling to dislodge Hyundai HYUN.NS from its No. 2 spot in India's passenger vehicle market, which is dominated by Suzuki's Maruti Suzuki MRTI.NS unit.
Built on a new vehicle architecture and fitted with Tata's latest gasoline engine, the Sierra is expected to drive volumes and will be followed by more launches including an electric version in the fiscal year starting April 2026, Chandra said.
(Reporting by Aditi Shah. Editing by Mark Potter)
(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))
Fixes Tata Motors Reuters Instrument Code in paragraph 1
By Aditi Shah
NEW DELHI, Nov 25 (Reuters) - India's Tata Motors TAMO.NS is betting its newly launched sport-utility vehicle will help step up competition to rivals like Hyundai Motor and Maruti Suzuki in a fiercely fought and fast-growing part of the market.
Tata, which is India's third-largest carmaker, launched the mid-sized Sierra SUV on Tuesday, resurrecting a decades-old cult brand that will go head-to-head with Hyundai's Creta SUV and Suzuki's Victoris.
"The Sierra is not just a launch ... it's a statement we are making as we head into our new phase of growth," said Shailesh Chandra, CEO of Tata Motors Passenger Vehicles.
Tata has staged a comeback in India in recent years with new car launches that score high on safety and a push into electric vehicles, boosting its market share to over 13% at the end of September from 5% in 2019. It is India's biggest EV maker.
But competition is intensifying, with Mahindra & Mahindra MAHM.NS launching SUVs and EVs with widely praised designs and Hyundai dominating some segments with its value models. EVs from JSW-MG Motor, part-owned by China's SAIC Motor 600104.SS, have also chipped away at Tata's lead in EVs.
Tata and Mahindra are battling to dislodge Hyundai HYUN.NS from its No. 2 spot in India's passenger vehicle market, which is dominated by Suzuki's Maruti Suzuki MRTI.NS unit.
Built on a new vehicle architecture and fitted with Tata's latest gasoline engine, the Sierra is expected to drive volumes and will be followed by more launches including an electric version in the fiscal year starting April 2026, Chandra said.
(Reporting by Aditi Shah. Editing by Mark Potter)
(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))
India's Tata Motors drops as analysts warn of market share loss
** Tata Motors TATM.NS drops about 2% to 315.7 rupees
** India's top commercial vehicles maker reports quarterly loss on one-time charge, excluding which, profit up 57% Y/Y
** Tax cuts, festive buying boost earnings; co also forecast high single-digit pct growth in demand in H2 vs about 3% sales growth in H1
** However, analysts flag market share loss across segments
** Market share loss in light CVs from a high of 40% in FY22 to an all-time low of 27% at present is "particularly worrisome," says Motilal Oswal
** Nuvama expects medium-to-heavy commercial vehicles market share to drop to 45.7% by FY28 from 46.4% in FY25 on increasing competition
** Stock down 5.9% since trading debut on Wednesday
(Reporting by Kashish Tandon in Bengaluru)
** Tata Motors TATM.NS drops about 2% to 315.7 rupees
** India's top commercial vehicles maker reports quarterly loss on one-time charge, excluding which, profit up 57% Y/Y
** Tax cuts, festive buying boost earnings; co also forecast high single-digit pct growth in demand in H2 vs about 3% sales growth in H1
** However, analysts flag market share loss across segments
** Market share loss in light CVs from a high of 40% in FY22 to an all-time low of 27% at present is "particularly worrisome," says Motilal Oswal
** Nuvama expects medium-to-heavy commercial vehicles market share to drop to 45.7% by FY28 from 46.4% in FY25 on increasing competition
** Stock down 5.9% since trading debut on Wednesday
(Reporting by Kashish Tandon in Bengaluru)
Tata Motors Q2 Consol Loss 8.67 Billion Rupees
Nov 13 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS Q2 CONSOL LOSS 8.67 BILLION RUPEES
TATA MOTORS Q2 CONSOL TOTAL REVENUE FROM OPERATIONS 185.85 BILLION RUPEES
TATA MOTORS - WE ANTICIPATE A STRONG SECOND HALF FOR FY26
Source text: [ID:]
Further company coverage: TATM.NS
(([email protected];))
Nov 13 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS Q2 CONSOL LOSS 8.67 BILLION RUPEES
TATA MOTORS Q2 CONSOL TOTAL REVENUE FROM OPERATIONS 185.85 BILLION RUPEES
TATA MOTORS - WE ANTICIPATE A STRONG SECOND HALF FOR FY26
Source text: [ID:]
Further company coverage: TATM.NS
(([email protected];))
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What does Tata Motors do?
Tata Motors (Formerly TML Commercial Vehicles) is India’s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. In every market, its focus is on delivering value and partnering customers to success. The company operates in India and South Korea, with a global presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.
Who are the competitors of Tata Motors?
Tata Motors major competitors are Ashok Leyland, Force Motors, Olectra Greentech, SML Mahindra, Gurunanak Agricultur, TVS Motor, Tata MotorsPassenger. Market Cap of Tata Motors is ₹1,52,025 Crs. While the median market cap of its peers are ₹26,580 Crs.
Is Tata Motors financially stable compared to its competitors?
Tata Motors seems to be less financially stable compared to its competitors. Altman Z score of Tata Motors is 0 and is ranked 8 out of its 8 competitors.
Does Tata Motors pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Tata Motors latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Tata Motors allocated its funds?
NA
How strong is Tata Motors balance sheet?
Tata Motors balance sheet is weak and might have solvency issues
Is the profitablity of Tata Motors improving?
The profit is oscillating. The profit of Tata Motors is ₹1,600 Crs for TTM, -₹0.08 Crs for Mar 2025 and ₹0 Crs for Mar 2025.
Is the debt of Tata Motors increasing or decreasing?
Yes, The net debt of Tata Motors is increasing. Latest net debt of Tata Motors is ₹6,057 Crs as of Sep-25. This is greater than Mar-25 when it was -₹0.2 Crs.
Is Tata Motors stock expensive?
There is insufficient historical data to gauge this. Latest PE of Tata Motors is 0
Has the share price of Tata Motors grown faster than its competition?
There is not enough historical data for the companies share price.
Is the promoter bullish about Tata Motors?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Tata Motors is 42.56% and last quarter promoter holding is 42.56%.
Are mutual funds buying/selling Tata Motors?
The mutual fund holding of Tata Motors is increasing. The current mutual fund holding in Tata Motors is 10.59% while previous quarter holding is 9.7%.