Brokerages UBS, Nuvama, and Emkay have signaled a cautious outlook for Tata Motors as challenges weigh on its luxury arm Jaguar Land Rover and domestic passenger vehicle business. UBS and Nuvama have reduced their target prices, citing a significant drop in JLR's margins and heightened competition, while Emkay maintains a positive view but has also lowered its target price. Despite this, analysts expect a gradual improvement in JLR's performance and note Tata's India CV business remains resilient.
The launch of the new Maruti Suzuki Dzire has sparked speculation among Indian buyers that it may surpass Tata Motors in safety standards. The Dzire earned a 5-star rating for adult safety and 4-star rating for child safety by the Global NCAP, breaking the company's own record. On the other hand, Tata's Punch and Nexon became India's first vehicles to receive 5-star Bharat-NCAP certification, scoring higher than Dzire's total score of 70.44/83 points for adult and child safety. With safety becoming a major factor in car purchases, this competition between two giants in the Indian auto industry is sure to catch the attention of consumers.
In the midst of the festive season, auto companies in India saw a significant uptick in their stock prices on Friday as October sales data was released. The Nifty Auto index recorded a 1.5% intraday jump, led by major players like Mahindra & Mahindra, Eicher Motors, and Tata Motors. M&M in particular had a record-breaking month, with the highest ever monthly SUV sales. Other companies like Royal Enfield and Hyundai Motor India also saw impressive numbers, providing relief from previous concerns about sluggish demand in the industry.
The stock market kicked off the new Samvat Year 2081 with a strong start as the BSE Sensex rose nearly 448 points in a special Muhurat trading session. This increase was attributed to widespread buying by investors, with all of the index's constituents trading in the green. The 50-issue Nifty also saw a significant rise, with 47 of its constituents ending in the green. Major contributors to the Sensex's gains were Mahindra & Mahindra, Adani Ports, and Tata Motors.
After Ratan Tata's 21-year tenure as chairman of Tata Sons, the conglomerate's market capitalization grew from Rs 30,000 crore to Rs 5 lakh crore, with revenues soaring from Rs 18,000 crore to Rs 5.5 lakh crore. Wholly committed to streamlining operations and enforcing a singular corporate identity across its various subsidiaries, Tata not only transformed the group into a globalized enterprise but also laid the groundwork for future success. His strategic decisions and well-timed acquisitions contributed significantly to the group's dramatic growth, earning him the title of Chairman Emeritus of Tata Sons.
In 2000, Tata Tea made headlines by acquiring global brand Tetley, twice its size. This groundbreaking purchase marked a defining moment for the Tata brand, leading to a string of other successful overseas acquisitions, including the luxury car brands Jaguar and Land Rover in 2008. The forward-thinking approach of Tata's leadership, led by Chairman Ratan Tata, propelled the company onto the global stage and cemented its position as a major player in the business world.
Ratan Tata's death has left an irreplaceable void in the business world as well as in the hearts of millions across India, who admired him for his leadership, humility, and dedication to social causes. During his tenure as chairman of the Tata Group, he transformed the company into a global powerhouse with numerous iconic brands. Despite his immense wealth, Tata remained committed to giving back to society through the Tata Trust. His legacy will forever be remembered as a symbol of humility and philanthropy.
The Indian SUV market is facing a slowdown as top players Maruti Suzuki and Hyundai report a drop in sales for the month of August. In an attempt to boost demand and stay competitive, Tata Motors and Mahindra have both reduced prices on their SUV models. However, Tata Motors continues to hold a positive outlook on the future of electric vehicles, launching its latest model, the Curvv EVA. According to the company, the Indian passenger vehicle market is expected to reach 60 lakh units by 2030, highlighting the potential for growth and innovation within the industry.
Tata Motors has suspended the trading of its DVR shares and announced Sunday, September 1 as the record date for its capital reduction scheme. The company has established a trust to facilitate the conversion of DVR shares to ordinary shares, with the conversion ratio set at 10:7. Shareholders will be subject to TDS and taxes on the deemed dividends received from the company's standalone reserves.
Tata Motors has officially launched its latest SUV, the Curvv EV, which features a unique SUV Coupé design and cutting-edge technology from the luxury segment. With several segment-first features and best-in-class offerings, this launch marks Tata Motor's entry into the fastest-growing compact SUV segment. The Curvv EV boasts advanced features such as ADAS Level 2, Voice-assisted Panoramic Sunroof, and a spacious boot, making it a highly attractive option in its class.