Latest news with #TataMotorsLtd
Mint
8 hours ago
- Automotive
- Mint
Tata Motors eyes rare earth magnet sources, has enough stocks: Chandrasekaran
Tata Motors Ltd has enough stock of rare earth magnets, and the company is scouting for new sources amid China's export curbs, Tata Sons chairman Natarajan Chandrasekaran said. 'As of now, we are OK; we are not facing any issues. We are able to source the magnets we need, and are working on securing alternative sources of rare earth magnets,' Chandrasekaran said at the company's 80th annual shareholders' meeting on Friday. 'We are working with the government (on the issue).' Tata Motors, India's largest automaker by revenue, is among numerous businesses affected by China's export curbs on rare earth magnets, which are critical in automotive, aerospace, and electronics industries. Though the curbs were imposed in April as a trade war between the US and China and flared, the two rivals have since reached a deal. However, exports to India remain blocked, and domestic companies are pushing the government to engage Chinese officials to ease supplies. Chandrasekaran's comments on the rare earth magnet issue come a day after R.C. Bhargava, chairperson of Maruti Suzuki India Ltd, India's second-largest automaker and largest carmaker, said his company's stocks of rare earth magnets will last until July. On 11 June, Reuters reported that Maruti Suzuki had cut near-term production targets for its maiden electric vehicle e-Vitara by two-thirds because of rare earth shortages. The e-Vitara was expected to launch before September end. Out of the 54 shareholders who posed questions at Friday's virtual AGM, a fourth referred to rare earth magnets and the situation on the US tariff front. The chairperson also addressed the concerns of shareholders on US tariffs. 'The tariff impact will be primarily on Jaguar-Land Rover. Tariff has gone up from 2.5% to 27.5%, and under the UK-US FTA, the tariff is 10%. The overall impact would have been 1.6 billion pounds. But due to the steps taken by JLR, the impact has gone down to 600 million pounds, which is visible in the margin guidance,' Chandrasekaran told shareholders. JLR, the British subsidiary of Tata Motors, has trimmed its guidance on revenue growth to 5-7% for FY26 from 10% mentioned earlier. The company attributed the reduction to the impact of the tariffs and the slowdown in the Chinese market. In an interview with Mint earlier, Shailesh Chandra, managing director at Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said that rare earths are required for both internal combustion engine vehicles and electric vehicles. China said on 4 April that companies seeking rare earth magnets must submit applications with end user certificates to the Chinese embassy, which then go to the provinces from where magnets are sourced. After approval from provincial authorities, the Chinese commerce ministry has to approve the applications. So far, no Indian company has received approval to receive shipments of these critical items. As per industry estimates, it takes about 45 days to get approval. Bajaj Auto Ltd's executive director Rakesh Sharma said during the company's earnings call on 29 May that the industry will face production cuts starting July if the situation is not resolved. However, Tata Motors' leadership remains confident that the situation is under control and will likely be resolved. Chandrasekaran said the Tata Group will continue its investments in the electric vehicle business, and will likely achieve the 30% penetration target in its overall portfolio before 2030. This was Chandrasekaran's first appearance at a Tata Group company annual general meeting this year. Earlier, he skipped the AGMs of Tata Consumer Products Ltd (TCPL) and Tata Consultancy Services on 18 and 19 June, as top Tata Group officials attended to the crisis over the Air India crash in Ahmedabad on 12 June. The AGMs of TCPL and TCS were presided over by board members P.B. Balaji and Keki Mistry, respectively. Chandrasekaran also condoled the deaths from the AI accident, and requested the board members and shareholders to observe a minute of silence. 'My thoughts are with family and friends who lost their loved ones and I know, we have the same feeling,' Chandrasekaran said in his opening address. 'This has been a long and unsettling week for all of us as a nation, as a group and at a very human level, navigating a very deep sorrow, grief and uncertainty all at the same time.' The chairperson also spoke of Ratan Tata, the group's chairman-emeritus who died last October. 'I had the opportunity to constantly share updates with Ratan Tata about the business in the last few years. While we all miss him, I want you to know that he would have been very proud of the turnaround of the business as Tata Motors was very close to his heart,' Chandrasekaran told shareholders.
Mint
16 hours ago
- Business
- Mint
Tata Motors to Titan - Prashanth Tapse suggests stocks to buy in the short term
Stock market today: On Friday, June 20, Indian stock market indices, the Sensex and the Nifty 50, recorded significant gains during intraday trading, despite heightened tensions between Israel and Iran. The Sensex started at 81,354.85 compared to its previous close of 81,361.87 and surged over 800 points, or 1%, reaching an intraday peak of 82,186.37. Meanwhile, the Nifty 50 commenced at 24,787.65 against its prior close of 24,793.25 and also climbed 1% to achieve an intraday high of 25,040.45. The rise was widespread, as the BSE Midcap and Smallcap indices each increased by more than half a percent during the session. The Indian stock market is experiencing strong buying interest across various segments. Several factors appear to be driving the stock market surge, including short covering following a recent decline, a drop in crude oil prices, and purchases by foreign portfolio investors (FPIs), according experts. Nifty 50 witnessed a sharp decline amid a spike in global volatility and escalating tensions in the Middle East. The index has slipped below the 25,000 mark, with crucial support now placed at 24,700 and 24,600. A gap-down opening or continued weakness may lead to a retest of these zones. Traders are advised to stay cautious and avoid aggressive longs until the index stabilizes. Watch for signs of reversal near key supports before re-entering. Bank Nifty breached the 56,000 mark, signaling weakness and potential downside. A further dip below 55,900 could trigger a fall toward the 55,500–55,400 zone. While the broader structure remains in a range, volatility could lead to intraday swings. Traders are advised to avoid fresh longs and adopt a wait-and-watch approach until signs of reversal emerge or volatility cools off. Prashanth Tapse recommends buying these three stocks in the short term - Tata Consumer Products Ltd, Tata Motors Ltd, and Titan Company Ltd. Tata Consumer continues to show relative strength despite overall market weakness. The stock has recently taken support around ₹ 1,060–1,065 and has bounced back with rising volumes. Momentum indicators are favoring bulls, and as long as ₹ 1,040 holds, there is scope for the stock to rally toward ₹ 1,175. Buying on dips near ₹ 1,070–1,075 is advisable. Tata Motors is holding firm near its short-term moving averages and has shown resilience against broader market volatility. The stock has formed a short-term base near ₹ 660 and is attempting to move higher. Momentum remains strong and a move past ₹ 678 could accelerate the rally toward ₹ 700. Ideal for positional traders with risk-managed entries near current levels. Titan remains in a healthy uptrend and has been consolidating near its recent highs. The stock is finding support at ₹ 3,450–3,460 levels and is trading above key moving averages. RSI and MACD are both showing early signs of upward momentum. A close above ₹ 3,500 could lead to a swift move toward ₹ 3,650. Buying on minor dips is advisable with a protective stop at ₹ 3,440. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
10-06-2025
- Automotive
- Business Standard
Tata Motors Ltd soars 1.94%, gains for fifth straight session
Tata Motors Ltd is quoting at Rs 731.75, up 1.94% on the day as on 12:44 IST on the NSE. The stock is down 25.87% in last one year as compared to a 8.04% spurt in NIFTY and a 5.57% spurt in the Nifty Auto. Tata Motors Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 731.75, up 1.94% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 25136.5. The Sensex is at 82493.19, up 0.06%. Tata Motors Ltd has risen around 1.52% in last one month. Meanwhile, Nifty Auto index of which Tata Motors Ltd is a constituent, has risen around 1.82% in last one month and is currently quoting at 23777.15, up 0.21% on the day. The volume in the stock stood at 119 lakh shares today, compared to the daily average of 136.83 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 734.75, up 1.9% on the day. Tata Motors Ltd is down 25.87% in last one year as compared to a 8.04% spurt in NIFTY and a 5.57% spurt in the Nifty Auto index. The PE of the stock is 46.46 based on TTM earnings ending March 25.
Mint
04-06-2025
- Automotive
- Mint
Hybrids vs EVs: New advisory for Delhi fleet operators adds fresh fuel to fire
New Delhi/Mumbai: A fresh advisory by New Delhi's air quality monitoring body has reignited the debate over whether hybrid vehicles can be included in the category of 'clean vehicles'. The Commission for Air Quality Management in the National Capital Region and Adjoining Areas (CAQM) in a 3 June advisory directed commercial fleet operators to not induct conventional petrol or diesel vehicles and prefer 'clean' automobiles instead, much to the chagrin of the electric vehicle lobby for not clearly defining clean vehicles. 'No conventional ICE (internal combustion engine) vehicles running purely on diesel or petrol shall be further inducted in the existing fleet of 4-Wheeler LCVs (light commercial vehicles), 4-Wheeler LGVs (light goods vehicles; N1 category up to 3 5 Ton) and 2-Wheelers with effect from 01.01.2026," CAQM said in its advisory to vehicle aggregators, delivery service providers, and e-commerce entities. While it did not define 'clean vehicles' this time, CAQM in a 2 May advisory defined these as battery electric vehicles, hybrid vehicles, and those running on compressed natural gas (CNG). The ambiguity in the latest advisory has left the door open for the promotion of hybrid vehicles in the national capital, which struggles with among the highest pollution levels in the country. EV makers led by domestic car companies have been lobbying to not give hybrid vehicles—which use both a combustion engine and an electric motor for propulsion—a policy status on par with battery electric vehicles (BEVs). Doing so could risk their investments in developing electric cars, they said. A rival lobby has been promoting the adoption of hybrid cars as these provide a more practical alternative to conventional combustion engine vehicles. The two lobby groups are now reading between the lines of policy documents. The purity debate Following CAQM's 2 May advisory, Tata Motors Ltd, Hyundai Motor India, and Mahindra and Mahindra Ltd rushed to the Ministry of Heavy Industries and Niti Aayog against the mention of hybrid vehicles as a clean technology along with EVs. The air quality monitoring body believes hybrid vehicles can help in urgently addressing the pollution crisis in Delhi. 'Strong Hybrid Electric Vehicles (SHEV) offer substantial improvements in fuel efficiency and emission reduction as compared to conventional diesel/petrol vehicles," CAQM said in its 2 May advisory urging state and central government departments in the Delhi-National Capital Region to procure only clean vehicles. The national capital region became a point of contention in the pure electric vehicle versus hybrid vehicle debate when the Delhi government on 22 April issued a draft policy proposing to grant hybrid cars the same benefits as fully electric cars. The Delhi Electric Vehicles Policy 2.0 proposed waiving road tax and registration fees on battery electric cars (BEVs), strong hybrid EVs (SHEVs), and plug-in hybrid EVs (PHEVs) priced up to ₹20 lakh ex-showroom. This would translate to savings of about ₹2 lakh on a car with an ex-factory price of ₹20 lakh. CAQM released its draft guidelines 10 days later. 'Inclusion of hybrid vehicles in incentives and putting it on the same pedestal as electric vehicles will discourage investments into EVs," an executive at one of the top domestic automakers said, declining to be identified. A move to hybrids Currently, only Maruti Suzuki India Ltd, the country's largest carmaker, has a portfolio comprising ICE, hybrid, and pure electric vehicles. Last month, Hyundai Motor India Ltd, the country's second-largest carmaker, said it planned to introduce hybrid electric vehicles in the country, without specifying a timeline. Honda Motor Co. Ltd said last month that it will focus on hybrid cars and slashed its EV target citing a slowdown in the adoption of electric cars. Analysts at HSBC Global Research, however, said hybrid vehicles and electric vehicles complement each other, and would ultimately help in the growth of the EV sector. 'The perception that promoting SHEVs will hinder EV adoption is misplaced, in our view. This is not a zero-sum game, but rather an incremental opportunity where incentivizing SHEVs contributes to the broader development of the clean mobility ecosystem, benefiting BEVs and advancing overall market growth," HSBC Global Research analysts Yogesh Aggarwal,Vipul Agrawal, and Vishal Goel wrote in a note dated 20 May. But other experts argue that only pure electric vehicles should be incentivized if the government wants to promote zero-emission vehicles. 'The objective of the EV policy is to cut down emissions of vehicles and also contribute to improving the air quality," said Sharif Qamar, associate director of transport and urban governance at The Energy and Resources Institute (Teri), a non-profit think tank. 'When it comes to the emission reduction objective, currently, only zero-tailpipe emission vehicles need to be prioritised. Incentives should be crafted to encourage players to move towards zero emission vehicles."
Mint
04-06-2025
- Business
- Mint
Stock Picks: Sagar Doshi suggests Tata Motors, LTIMindtree, ZEEL shares to buy today
Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, experienced a slight increase at the start of trading on Wednesday, following the trend set by their Asian counterparts, despite the imposition of higher US tariffs on steel and aluminum, while investors are anticipating a potential conversation between the leaders of the US and China later this week. The Nifty 50 climbed 0.15% to reach 24,588.65, while the Sensex grew by 0.21% to 80,905.67 as of 9:15 IST. Market analysts suggest that the sturdy foundational factors supporting the market include India's strong and progressive economic indicators and the consistent influx of capital into mutual funds, especially the steady and increasing SIP investments. This indicates that the Indian retail investor is maturing. One significant observation from the Q4 results is that midcap stocks have outperformed both largecap and smallcap stocks. Sagar Doshi of Nuvama Professional Clients Group recommends three stocks - Tata Motors Ltd, LTIMindtree Ltd, and Zee Entertainment Enterprises Ltd (ZEEL). Here's what he says about the overall market. For the past 13 trading days, Nifty 50 has been static within a 2% band, however the highs of 25,000 has been constantly providing supply non index longs. With the index now closing at a 3 week low, it continues to approach its downside target of 24,300 / 24,100 unless a closing above 25,050 is not confirmed. On daily charts, the index has also formed a bearish head and shoulder pattern pointing out to similar targets wherein no support before it hits its 200 DMA can be seen. Nifty 50 has had a nearly 15% run up in the past 6 weeks without a 2% correction. With the price action seen from the start of this week, it is fair for the index to retest 200 DMA support on downside which currently reads below 24,100. Bank Nifty has faced rejection from its previous all-time highs above 56k mark in Tuesday's trading session. Any trade below 55,400 is likely to allow further skidding on the index for lower levels seen near 54,700 / 54,500 as the supply pressure is likely to mount post rejection seen yesterday. On stocks to buy on Wednesday, Sagar Doshi of Nuvama recommended three stocks - Tata Motors Ltd, LTIMindtree Ltd, and Zee Entertainment Enterprises Ltd (ZEEL). Tata Motors share price has seen a 5-7% corrective consolidation in the past 2 weeks of trade which was an after effect of sharp 40% rally before that. With supportive news flow for domestic players in the new EV policy acting as tailwind, passenger vehicle stocks are likely to see further momentum. Tata Motors is a cleaner set up amongst the peer on charts for another 10% rally from CMP. After trading at a 3 year low in April, LTIMindtree share price has been rising within a channel and has gained 25% since its April lows. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark Nifty IT index on a YTD basis which is down over 13% while LTIMindtree is down 8% in the same period of 2025. A move towards higher range of the bullish channel is likely to unfold for target of 5525. Having run up nearly 50% from its recent low in March – Zee Entertainment Enterprises share price is now breaking out from a short-term consolidation for fresh upside retesting its December 2024 highs. A bullish flag breakout is about to commence for targets aimed 10% higher from CMP. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
