Tata Motors will start operating trucks powered by hydrogen internal combustion engines on a pilot basis in the March quarter, according to a senior company official.

Under the pilot project, part of the National Green Hydrogen Mission, the company along with IOCL will run the trucks on three routes for 18 months.

At the Bharat Mobility Global Expo 2025, Tata Motors, last week, unveiled the truck powered by a hydrogen internal combustion engine.

US Ambassador to India, Eric Garcetti, expressed condolences on veteran industrialist, Ratan Tata's demise on Thursday and said that India, and the world have "lost a giant with a giant heart."

The Tata Sons Chairman Emeritus, 86, breathed his last on Wednesday night at Breach Candy hospital in Mumbai.

Indian automaker Tata Motors plans to demerge into two separate listed companies to refine focus on the passenger and electric vehicle segments, it said in an exchange filing on Monday.

The commercial vehicles business and its related investments will be spun in one entity and the passenger vehicles (PV) businesses, including electric vehicles (EV), Jaguar Land Rover and related investments, in another entity.

Tata Motors on Thursday reported a net profit of Rs 3,764 crore in the quarter that ended on September 30, as compared to the loss of Rs 944.61 crore in the corresponding quarter last year. The net profit was up 17.5 per cent from Rs 3,202.80 crore in the previous quarter.

The company's total revenue from operations was Rs 1.05 trillion, up 32 per cent from Rs 79,611.37 crore in the same quarter last year. The total revenue was also up from Rs 1.02 trillion in the previous quarter.

Tata Motors Limited (TML) is selling 9.9 percent stake in its IPO-bound subsidiary Tata Technologies (TTL) for Rs 1613.7 crore as part of its plan to de-leverage. TTL has been valued at Rs 16300 or approximately $2 bn.

This transaction furthers TML’s de-leveraging agenda and is expected to close in the next two weeks on completion of customary closing procedures, the company said. As of June 2023 Tata Motors net automotive debt stood at Rs 41,700 crore. Analysts expect TML net debt to reduce to Rs 23000 crore by end of fiscal 2025.

Shares of Tata Motors hit an over six-year high of Rs 563.55, on rallying 3.5 per cent on the BSE in Wednesday’s intra-day trade. The stock traded higher for the sixth straight day, surging 11 per cent during this period. The stock today hit its highest level since September 2016. It had hit a record high of Rs 612.05 in February 2015.

The sharp run-up in stock price of Tata Motors has seen its market capitalisation (including Tata Motors DVR) hit a record high and cross the Rs 2 trillion mark in intra-day today.

Shares of Tata Motors hit an over six-year high of Rs 542.20, up 1 per cent on the BSE in Monday's intra-day trade, after the Tata group signed an outline deal with the Gujarat government last Friday (June 2) to build a lithium-ion cell factory with an investment of about Rs 13,000 crore. The move comes as India is looking to create its own electric vehicle (EV) supply chain.

Tata Motors already has a plant operational at Sanand, and has also acquired the adjoining Ford Motors' plant. The process of integration of the two plants has begun and may take up to one year to complete, Reuters reported.

Tata Motors on Friday said it has bagged an order for 1,500 electric buses from Delhi Transport Corporation (DTC) as part of a tender by Convergence Energy Services Ltd.

The auto major will supply, operate and maintain air-conditioned, low-floor, 12-metre fully-built electric buses for 12 years, as per the contract, it said in a statement.

Homegrown auto major Tata Motors on Thursday reported narrowing of consolidated net loss at Rs 992.05 crore in the fourth quarter ended March.

The company had posted a consolidated net loss of Rs 7,585.34 crore in the same period last financial year, Tata Motors said in a regulatory filing. Its total consolidated revenue from operations stood at Rs 78,439.06 crore in the fourth quarter against Rs 88,627.90 crore in the year-ago period.

Shares of Tata Motors gained 3 per cent to Rs 460 on the BSE in Tuesday's intra-day trade, in an otherwise subdued market, gaining 6 per cent in three trading days after the company reported a healthy volumes in the month of March.

The counter witnessed large trading volume with a combined around 12 million shares having changed hands on the NSE and BSE till 10:33 am. In comparison, the S&P BSE Sensex was down 0.39 per cent at 60,377 points.

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