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Top related persons:
BYD - 1 Megha - 1 Aditi Shah - 1 Zoey Zhang - 1 Kevin Krolicki - 1 Simon Cameron - 1 Moore - 1 Toubro - 1
Top related locs:
DELHI India New Delhi Hyderabad China Shanghai BENGALURU U.S .
Top related orgs:
Thomson - 2 Megha Engineering - 1 Engineering - 1 automaker Tata Motors - 1 Reliance Industries - 1 Larsen - 1 Tata Motors - 1 U.S - 1

Search resuls for: "automaker Tata Motors"


6 mentions found


☆ Exclusive: BYD tells India partner it wants to drop $1 billion EV investment plan, sources say
  + stars: | 2023-07-28 | by ( Sarita Chaganti Singh | ) www.reuters.com   time to read: +4 min
BYD executives told Megha Engineering last week that the battery and EV maker wanted to drop pursuit of the investment, according to the two people with knowledge of that exchange. BYD, China's largest EV maker, declined to comment on the status of its investment proposal and whether it would pull the plan to produce electric cars in India. Megha Engineering did not respond to request to comment. A final decision on whether to approve BYD's investment proposal would be taken by Indian ministries of trade and heavy industries. In 2013 it started building electric buses in India with Megha Engineering, under a joint venture company called Olectra Greentech (OLEC.NS).
Persons: BYD, Megha, Aditi Shah, Zoey Zhang, Kevin Krolicki, Simon Cameron, Moore Organizations: Reuters, Megha Engineering, Engineering, automaker Tata Motors, Thomson Locations: DELHI, India, New Delhi, Hyderabad, China, Shanghai
☆ Reliance, L&T, Tata Motors power Indian shares ahead of Fed decision
  + stars: | 2023-07-26 | by ( Bharath Rajeswaran Manvi Pant | Bharath Rajeswaran | Manvi Pant | ) www.reuters.com   time to read: +2 min
BENGALURU, July 26 (Reuters) - Indian shares advanced on Wednesday, boosted by gains in index heavyweights Reliance Industries, Larsen & Toubro (L&T) and Tata Motors, ahead of the U.S. Federal Reserve's monetary policy decision. Automaker Tata Motors (TAMO.NS) jumped as much as 4.06% to a record high after reporting a better-than-expected profit in the June quarter and a capital restructuring plan. Index heavyweight L&T (LART.NS) climbed 3.71% to a record high on strong first-quarter results and approval of a share buyback plan. L&T and Tata Motors were the top Nifty 50 gainers. In contrast to Indian equities, Asian peers were subdued ahead of the Fed policy decision, due at 11:30 p.m. IST.
Persons: Toubro, Anita Gandhi, Rahul Sharma, Bharath Rajeswaran, Dhanya Ann Thoppil, Eileen Soreng Organizations: Reliance Industries, Larsen, Tata Motors, U.S, U.S . Federal, BSE, Arihant, Thomson Locations: BENGALURU, U.S ., Qatar, Bengaluru
☆ India's Tata Motors jumps to a 7-month high on strong Q4 JLR sales
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +2 min
Tata Motors's shares were the top gainer on India's bluechip Nifty 50 index (.NSEI), which was up 0.33%, and pushed the auto index (.NIFTYAUTO) up 1.16%. Tata Motors' global wholesales rose 8% in the quarter. JLR's sales contribute nearly 60% of Tata Motors's revenue from operations and the British automaker's strong sales in the October-December quarter had lifted the group to its first profit in two years. "The market is underestimating JLR's EBIT (earnings before interest and tax) margin potential from upcoming phase of wholesale volumes," Goldman Sachs said in a note. Tata Motors's stock hit a high of 473.30 rupees on the day, before giving up some gains to trade up about 6% at 463.75 rupees in early afternoon trading.
☆ India's Tata Motors looks to sell part stake in Tata Technologies via IPO
  + stars: | 2022-12-12 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Dec 12 (Reuters) - Indian automaker Tata Motors Ltd (TAMO.NS) said on Monday it was exploring the sale of a portion of its stake in Tata Technologies through an initial public offering (IPO). Tata Technologies, a product engineering and digital services company, was founded in 1989 as a unit of Tata Motors. The automaker held a 74.43% stake in the company as of March 31, the latest annual report showed. Tata Motors in 2018 called off a deal to sell an about 43% stake in Tata Technologies to private equity firm Warburg Pincus for $360 million, citing delays in securing regulatory approvals and performance not meeting thresholds. The 2022 fiscal annual report showed increased sales at Tata Technologies drove a 46% jump in Tata Motors' revenue from other operations.
☆ Cummins, Tata Motors team up for hydrogen-powered engines
  + stars: | 2022-11-14 | by ( ) www.reuters.com   time to read: 1 min
BENGALURU, Nov 14 (Reuters) - U.S.-listed Cummins Inc (CMI.N) said on Monday it has signed an agreement with Indian automaker Tata Motors (TAMO.NS) to develop hydrogen-powered internal combustion engines, fuel cells and battery electric vehicle systems for commercial automobiles in India. Several automakers, including Tata Motors, are aggressively shifting towards greener forms of energy for their vehicles as they try to reduce their dependence on fossil fuels, with India targeting net-zero carbon emissions by 2070. India will be one of the first markets to receive Cummins' hydrogen engines, the company said. Tata, one of India's largest electric-vehicle makers launched the country' first sub-$10,000 electric car in September. Reporting by Nandan Mandayam in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
☆ India's Tata Motors to delist American Depositary Shares from January
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Nov 9 (Reuters) - Indian automaker Tata Motors (TAMO.NS) said on Wednesday it plans to delist its American Depositary Shares (ADS) from January, roughly around 18 years since they first started trading. Tata Motors's stock remains listed on the BSE and the National Stock Exchange of India. ADSs are U.S. dollar-denominated shares of a non-U.S.-based company that trade on U.S. stock exchanges. Tata Motors' ADSs were first issued in 2004. Reporting by Chris Thomas in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
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