Tata Motors on Monday became the second company after Mahindra and Mahindra (M&M) to create an electric vehicle vertical which would tap into the full potential of this emerging technology. The company also appointed Shailesh Chandra the head of this vertical. Earlier, the electric vehicle initiative of Tata Motors was being run through a project office.

Tata Motors has created an electric vehicles vertical and appointed current head of business strategy, Shailesh Chandra, as its president with immediate effect, the automobile firm said in a statement on Monday.

Chandra has played an “instrumental role in leading the project teams” to deliver the electric variant of the compact sedan Tigor to EESL (Energy Efficiency Services Ltd)—the state-owned firm that will procure and lease electric vehicles to the central and state governments.

Rajesh Goel, senior vice-president and director (sales & marketing) at Honda Cars India, wants to keep the new Amaze away from buyers in the taxi- and fleet-segments.

In a similar way, Tata Motors has discouraged sales of the two latest cars — the Tigor and Tiago — to the taxi segment. Carmakers have turned cautious and no longer want to drive personal-segment buyers away from a product in their pursuit of commercial sales.

Tata Motors and supply-chain management players like Jusda and Arshiya are among the 50-odd companies that have expressed interest in Jawaharlal Nehru Port Trust's (JNPT) land that is now up for auction, sources said.

The plots are being leased out by JNPT for its free trade warehousing zone (FTWZ) and special economic zone (SEZ), the bidding process for which has begun.

Tata Motors’ profits for the March quarter halved, as higher expenses and a one-time impairment charge singed earnings, the Tata group flagship said on Wednesday.

For the three months to March, net profit fell to Rs 21.76 billion — way below Street estimates. A Bloomberg poll of 16 analysts estimated a net profit of Rs 37.48 billion on net sales of Rs 881.96 billion. The carmaker reported a net profit of Rs 43.36 billion in the same quarter a year earlier.

NEW DELHI: Tata Motors would soon scrap its first passenger car platform Indica and Indigo sedan, two decades after it helped the company launch into the booming car market, as the models have lost appeal with consumers being lured by trendier ones sold by its rivals.

A Tata Motors dealer said, “The company has stopped the production of both the cars and it is now supplying the last few cars.”

Tata Motors-owned Jaguar Land Rover took centre-stage as newly-wed Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, headed to their wedding reception in Windsor.

A silver-blue classic 1960s Jaguar E-Type, remodelled into Jaguar Land Rover's (JLR) electric-powered Jaguar E-Type Concept Zero, was waiting for Harry last evening to drive his new wife to Frogmore House for an intimate wedding reception for 200 friends and family being hosted by his father Prince Charles.

Tata Motors, ACC, Bharat Electronics (BEL), Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) were among 29 stocks from the S&P BSE500 index hitting their respective 52-week low in otherwise firm market.

Reliance Capital, Reliance Naval and Engineering, Unitech, Vakrangee, Laurus Labs, Eveready Industries, Glenmark Pharmaceuticals, Capital First and Allahabad Bank were others from the index that touched 52-week low on the BSE in intra-day trade on Tuesday.

Tata Motors on Friday reported 38.81 percent rise in global sales, including that of Jaguar Land Rover, at 1,02,297 units in April.

The company had sold a total of 73,691 units in the same month last year.

MUMBAI: Tata Motors will sell its defence business to sister company Tata Advanced Systems (TAS) for up to Rs 2,475 crore. The sale forms part of Tata Motors’ strategy of monetising its non-core assets and use the proceeds to bring down its debt, while for TAS, the transaction aids in consolidating its presence in the defence sector.

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