Tata Motors Ltd Stock News

With the advancements in the industry, should investors be watching these automotive stocks?

Tata Motors (TTM), a Indian market leader in manufacturing commercial vehicles, announced that it is planning to invest $2B (INR 15K crore) in its electric vehicles segment over the…

Tata Motors rose 2.32% to Rs 423.25 after the media reported that the auto major is planning to invest Rs 15,000 crore in the EV segment in the next five years.

Recently, the company has raised USD 1 billion in funding from private equity major TPG in its EV division.

Tata Motors’ share price rose to a high of Rs 428.55 as against Rs 413.65 at previous close on the National Stock Exchange. The stock gave up some gains and was last trading 2.2 per cent higher.

The Indian equity benchmarks on Wednesday traded higher in opening deals, taking cues from the global markets.

The company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is also planning to develop around 10 more new offerings in the segment

Aurangabad Tata Motors is planning to invest Rs 15,000 crore in the EV segment in the next five years, a top company official has said. The company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is also planning to develop around 10 more new offerings in the segment, President for Passenger Vehicles Business of Tata Motors Shailesh Chandra said. "As far as future is concerned, in next five (years) we will invest Rs 15,000 crore in electrification. We are going to work on nearly 10 products with different kind of body styles, price, driving range options," Chandra said. The company had raised USD 1 billion in funding from private equity major TPG in its EV division, valuing the business at USD 9.1 billion. Chandra was speaking at an event to deliver a batch of 101 EVs to residents of the city as part of the Aurangabad Mission for Green Mobility (AMGM) by local groups. An order for 250 EVs has been placed under the AMGM. He said there is a need to accelerate the development of the EV ecosystem with charging facilities, and affirmed the company''s commitment to develop the same.

Bajaj Finance, Angel One, SRF, Indus Towers, Aarti Industries and Rain Industries were some other stocks sending bullish signals.

Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 140376.35 Crore) operating in Auto sector.

What does offer some comfort is that Tata Motors is on a strong footing in the domestic passenger vehicle segment where it has seen an expansion in market share. For instance in Q3, market share rose to 13% from 10% in Q1. The double-digit market share comes after a period of nine long years

Tata Motors Share price: Shares of Tata Motors slipped beyond 3 percent on Monday as the spike in COVID cases in China has sparked concerns over Jaguar Land Rover (JLR) sales in the region getting affected, market participants said. Hardcore measures like lockdowns and a halt in manufacturing activities could weigh heavily on Tata Motors'' overall revenue from China, experts said. At 1227 IST, shares of the auto major were trading 2.3 percent lower at Rs 408.5 on BSE. Year-To-Date, the stock has fallen 15 percent whereas Nifty50 is down nearly 4 percent.

Tata Motors Ltd has lost 18.09% over last one month compared to 13.71% fall in S&P BSE Auto index and 4.16% drop in the SENSEX

The need to replace an ageing fleet and a revival in the economy may generate demand for close to half a million light-medium and heavy-duty trucks worth $10 billion over the next 12-18 months, say industry players.Sales of trucks in the 5-55-tonnage range have already returned to pre-Covid levels this fiscal year, they said. The market had shrunk the previous two years, hurt by an economic slowdown and then due to the impact of the pandemic. At the current rate of recovery, sales may cross half a million vehicles in the next fiscal year starting April, more than doubling the industry turnover in two years.Sales of trucks in the segment are estimated to be 340,000 units in FY22, an over 50% expansion compared with 225,301 units last fiscal year. The growth is expected to be more than 50% in FY23 too, according to experts, as they predict opening up of the economy after Covid-related restrictions and almost all sectors returning close to normalcy driving demand for the carriage of goods.Policies such as the scheme for scrapping old vehicles and production-linked incentives will also play a role in driving the demand for commercial vehicles, said Girish Wagh, executive director at Tata Motors. “Most lead indicators have implied promising signs of growth.

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