Tata Motors, Maruti Suzuki and TVS Motor: What makes Jefferies bullish of these 3 auto stocks
Tata Motors is among Jefferies top auto picks, given the cyclical recovery and improving franchise in India, early leadership in India EVs, and JLR focus returning to higher margin Land Rover models
Mercedes, Audi, Kia Among Carmakers Planning To Hike Prices From January
They join Maruti Suzuki India and Tata Motors, which have announced to increase prices from next month.
Pay more for new car from January
Are you planning to buy a new car in the new year? Then, you will have to shell out more as top carmakers have decided to increase vehicle prices. Mercedes-Benz, Audi, Renault, Kia India, and MG Motor announced plans to raise vehicle prices beginning in January to offset the impact of rising input costs.They join market leaders Maruti Suzuki India and Tata Motors in making year-end price increases effective next month, reported PTI.Audi India announced a 1.7 percent price increase across the board, while Mercedes-Benz India announced a 5% price increase beginning January 1.Meanwhile, Kia India said the quantum of price increase would be up to Rs 50,000, depending upon model and trim. Renault, on the other hand, has not disclosed the magnitude of the price increase it intends to implement beginning next month.MG Motor India said, it intends to increase prices soon ranging between two-three per cent depending on models and variants.The primary objective of the company's business strategy focuses on a model that begets profitability and sustainability. The price correction is affected as a result of the rising supply-chain-related input and operational costs, PTI quoted Audi India Head Balbir Singh Dhillon as saying. The new price range for the company models is directed at maintaining the premium price positioning of the brand, ensuring sustainable growth of both the automaker and its dealer partners, he added.Audi India's current line-up includes the petrol-powered A4, A6, A8 L, Q3, Q5, Q7, Q8, S5 Sportback, RS 5 Sportback, and RSQ8.Its electric vehicle portfolio under the e-Tron brand comprises the e-Tron 50, e-Tron 55, e-Tron Sportback 55, e-Tron GT and RS e-Tron GT.Mercedes-Benz India said constant increase in input costs and increased logistics costs have been exerting significant pressure on the overall operational costs of the company.This development has prompted the automaker to upwardly revise the ex-showroom price of its model range, enabling a sustainable and profitable business, it said.Mercedes-Benz India Managing Director & CEO Martin Schwenk said although the company is absorbing the majority of the increase, it is left with no option but to pass on some portion of the cost hike to the customers.To run a sustainable and profitable business for us and our franchise partners, a price correction is necessitated to offset the rising inflationary cost pressures, he added.Renault India said: Reasons for the price hike are to partially offset the impact of constant increases in input costs largely driven by pricier commodities, fluctuations in foreign exchange rates, inflation and also due to regulatory obligations.It, however, did not disclose the quantum of its impending price hike.Jato Dynamics India President and Director Ravi Bhatia said the increase in commodity prices coupled with supply chain issues faced by the manufacturers, addition of new technologies and features in automobiles and meeting regulatory requirements have pushed up the cost.Hyundai Motor India and Honda Cars said they have not yet taken a call on the matter.
More carmakers plan to hike prices from January
Carmakers Mercedes-Benz, Audi, Renault, Kia India and MG Motor on Wednesday announced plans to hike vehicle prices from January to partially offset the impact of rising input costs. They join the likes of market leader Maruti Suzuki India and Tata Motors, which have also made the year-end announcements to raise prices from next month. Audi India said it will increase prices of its entire model range by up to 1.7 per cent, while Mercedes-Benz India noted it will hike the prices by up to 5 per cent from January 1.
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
NTPC, SBI Life, Bajaj Finserv, IndusInd Bank and Tata Motors were among the top losers on NSE in today's trade.
Taking Stock | Sensex falls 215 points, Nifty below 18,600 amid volatility after RBI rate hike
NTPC, Bajaj Finserv, Tata Motors, SBI Life Insurance and IndusInd Bank were among the top Nifty losers. The gainers included Asian Paints, BPCL, HUL, Larsen and Toubro
Rumour: Tata Nano could return in an electric avatar
According to media reports, there are rumours suggesting that Tata Motors could be planning to bring back the Nano in an electric avatar. As per the rumour mill, Tata could upgrade the Nano's existing platform to support its electric powertrain. It is said that major changes could be made to the car's suspension and tyres. Reports also suggest that if the plans to put the Nano EV into production reach fruition, Tata could restart its talks with the Tamil Nadu government regarding the acquisition of Ford's Maraimalainagar plant. Tata Motors plans to roll out 10 new models in the next 5 years. The carmaker showcased the Curvv and Avinya concepts earlier this year and also launched its most affordable EV offering, the Tiago EV. Source:TOI
Stocks in news: HDFC, JSW Energy, Tata Motors, Bajaj Consumer and more
Stocks to watch out for today: HDFC, TVS Motor, JSW Energy, Tata Motors, Kalpataru Power, Bajaj Consumer and more
Stocks to Watch Today: HDFC, Tata Motors, Vodafone Idea, TVS, DreamFolks, and Others
Stocks to watch today: Shares of firms like HDFC, Tata Motors, Vodafone Idea, TVS, DreamFolks, and others will be in focus in Tuesday's trade
Mamata Banerjee had started a hunger strike on December 4,2006, demanding the return of 347 acres that were forcibly acquired by the then Left Front government for setting up Tata Motors' Nano car factory.
Tata Motors partners with IndusInd Bank to boost EV adoption - Details
Under this scheme, IndusInd Bank will provide additional inventory funding with attractive pricing to authorized passenger EV dealers of Tata Motors. This additional inventory funding would be over and above the ICE finance limit of the dealers.
India's cheapest electric vehicle unveil
New Delhi: The Tata Tiago EV, the nation's least expensive electric vehicle, was just released by TATA Motors. which has a starting price of Rs. 8.49 lakh. On the other hand, a different electric vehicle with a price tag of half that will debut on Wednesday. A newcomer from Mumbai named PMV Electric (PMV Electric) is about to enter the market for entry-level electric vehicles. On November 16, the company will introduce the EaS-E (EAS-E), a micro-electric vehicle. A brand-new market segment, the Micro Electric Car, will be developed by the Personal Mobility Vehicle (PMV) company. The car will be relatively small in size. Also Read: Unveiling of new BMW R1300 GS information The price of which begins at Rs. 4 lakhs, according to the report. Even though there will only be one seat in the front and one seat in the back, there are still 4 doors provided. There are available circular headlamps with LED DRL for the front. The car will be equipped with 13-inch wheels. These have been assigned the same identifier, terms of reference, exclusive infotainment system, USB e-mail port, and features like cruise control. Also Read: VIP Motors announces that its fleet will now include new supercars Features like a rider mounted controller, digital sticker, post keyless entry, power windows, and a rearview camera are also offered in the vehicle for the convenience of the passengers. Also Read: 500cc Honda Scrambler motorcycle debuts in public The car is being offered in three different guises with a range of 120 km, 160 km and 200 km. The company claims that this vehicle can be fully charged in less than 4 hours through a 3 kW AC charger. Its top speed is reportedly going to be 70 kmph.
7 Updates That Have Been Confirmed for the Tata Harrier
New Delhi: Tata Motors intends to present the Harrier in its facelift. The makeover of this favorite SUV has been pending for a long time. To compete with renowned rivals like Mahindra Scorpio N and Mahindra XUV700, the company is introducing a slew of new features. It has lots of contemporary amenities. The five-seat SUV already has several special edition models (including the Dark and Kaziranga versions). Tata is now targeting a complete update for its flagship line. It is estimated that the 2023 Tata Harrier facelift will be launched in late 2022 or early 2023. Also Read: Kawasaki will Launch its EV next year Face Lift Design: Every facelift has a new look. Despite the endearing look of the Tata Harrier, the new facelift is likely to see a slew of changes. There will probably be many new changes to the traditional Harrier design. Alternative Petrol Engines: Due to their low initial cost, gasoline cars are becoming more and more popular among auto enthusiasts. Consequently, the Tata Harrier facelift could be powered by a 1.5-litre turbocharged petrol engine whose power and torque outputs are unknown. With this option, the starting prices are likely to come down. Carriage Airflow and Air Purifier: At present, only the special edition variants of the Tata Harrier have ventilated seats. However, the new facelift will come standard with every model with ventilated seats and an air purifier. While ventilated seats are great for keeping cool in summers, most cities require air purifiers. A modern entertainment system system: The small and slow performance of the infotainment system of the current Tata Harrier is one of its biggest drawbacks. This is a significant drawback as most modern automobiles have sizable touchscreen displays. A stylish infotainment system will be included with the 2023 Tata Harrier along with all existing convenience features and connectivity options. Also Read: Mahindra collaborate with Jio-bp, Charge+Zone, to provide EV charging solutions Featuring an Advanced Driver Assistance System: The existence of ADAS features is yet to be confirmed by Tata Motors. However, it is quite typical of all contemporary mid-sized SUVs, especially those modeled after the MG Astor. The ADAS feature will be included in all upcoming models. It is highly likely that the Tata Harrier facelift will also have these features. Camera 360-degree rotation: Additionally, a 360-degree camera is available for use with the Tata Harrier in 2023. In today's SUVs, this feature is also quite prevalent. When parked in confined spaces or even on the highway, the 360-degree camera is a life saver. However, Tata Motors has not officially confirmed the availability of this feature. Low Cost: The Tata Harrier facelift is probably going to be priced lower at the time of launch as it is powered by a petrol engine. This will enhance the consumer appeal for the new model and give it a competitive advantage over competitors like Creta or Seltos. Also Read: Hero MotoCorp is creating 300cc+ motorcycles for India
Tata Motors rolls out 50,000th electric vehicle from Pune plant
As the pioneers of EVs in the country, the onus of ensuring successful adoption was on us. With a well calibrated product mix, strong consumer facing initiatives, we have been able to address barriers to EV adoption,Shailesh Chandra said.
Its raining discounts on select Tata Motors' vehicles this festive season
Tata Motors, the leading global automobile manufacturer is offering cash discounts, corporate benefits and exchange bonuses on Tata Tiago, Tigor CNG, Tigor, Harrier and Safari this month.
Tata Motors looking to introduce four wheel drive capability in electric version of SUVs
The home-grown auto major currently does not offer four wheel drive trims in any of its existing product range which includes models like Nexon, Harrier and Safari.
Robust festive demand coupled with better production due to easing of semiconductor supplies helped the domestic passenger vehicle industry post its best-ever monthly sales performance in September.
Tiagos aggressive price is a game changer. But can it sustain?
Even if Tata Motors hikes Tiago prices, the entry price gap between electric and ICE has been decisively lowered.
Tata Motors launches new range of pickup trucks in India: Check price, features and other details
Tata motors while expanding its vehicular base has launched Yodha 2.0, Intra V20 bi-fuel, and Intra V50 pickup trucks which are designed and engineered to service the agriculture, poultry, and dairy sectors as well as the expanding delivery requirements of FMCG, e-commerce, and logistics sectors.
Tata Yodha 2.0, Intra V50 & Intra V20 Bi-Fuel Pickup Trucks Launched In India
India's largest commercial vehicle manufacturer Tata Motors has launched the Yodha 2.0, Intra V50 and Intra V20 bi-fuel pickup trucks in India.
Tata Motors Reveals More Features Of The Upcoming Tata Tiago EV
Tata Motors has now revealed that the upcoming Tata Tiago EV will feature connected car technology. This will be facilitated by the automaker's ZConnect technology which is already put to good use in other Tata electric vehicles. Apart from that, the
Tata Punch Camo Edition Launched At Rs 6.85 Lakh - Green Shade, Camouflage Seats & More
Tata Motors has launched the Camo Edition of the Tata Punch SUV in India at Rs 6.85 lakh (ex-showroom, India). The newly-launched Tata Punch Camo Edition SUV is available in both automatic and manual variants. As a result, prices for the
Tata Nexon Reaches 4 Lakh Production Milestone - New Benchmark Set
Tata Motors has announced that the automaker has successfully rolled out 4 lakh units of Nexon SUV. That being said, the 4,00,000 unit production milestone was set in just 5 years.
Tata Motors EV sales: 20% of domestic passenger vehicle sales to come from electric vehicles
Right now, it (electric vehicles penetration) is between 8-8.5 per cent and the models in which we have electric, it is roughly 25 per cent, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Managing Director Shailesh Chandra told.
Tata Motors expands EV range; to drive in Tiago EV later this month
The Tiago EV would be the company's third product in the electric space after Nexon and Tigor, the Mumbai-based auto major announced.
New Tiago EV launch confirmed by Tata Motors - details | World EV Day 2022
Tata Motors currently leads the passenger vehicle EV market in India, with a market share of around 88 per cent, with Nexon EV leading the sales charts.
Tata Introduces Updated Truck Lineup For India - 5 New CNG Trucks, 7 New I & LCVs, ADAS & More
India's largest commercial vehicle manufacturer Tata Motors has launched a new range of 5 new CNG trucks, and 7 new I & LCVs. The CV leader has added features like ADAS to its new Prima truck as well as updated its truck lineup for better driver comfort.
Tata Altroz CNG - What To Expect
Tata Motors is gearing up to launch the CNG version of the Tata Altroz premium hatchback in India. Moreover, the model has been recently spotted testing in India with emission testing equipment.
Tata Motors' total sales up 36% in August
Its total domestic sales increased by 41 per cent to 76,479 units in August. The company had dispatched 54,190 units in August 2021. Passenger vehicle sales in the domestic market stood at 47,166 units last month, as against 28,018 units in August 2021, an increase of 68 per cent.
The auto major, which currently sells models like Punch, Nexon, Harrier and Safari, also plans to bring in additional trims and variants with feature enhancements in order to cater to the evolving customer requirements.