logo
Tata Motors enters Dominican Republic with new range of commercial vehicles

Tata Motors enters Dominican Republic with new range of commercial vehicles

Time of India5 days ago
Tata Motors
has forayed into the
Dominican Republic
's commercial vehicle market through a partnership with
Equimax
, introducing a portfolio tailored for
logistics
, infrastructure, and last-mile delivery sectors.
The line-up includes the Tata Super Ace, the Xenon pickup in single and double-cabin variants, the Ultra range of trucks for urban logistics, and the LPT 613 tipper for construction applications. According to the company's statement, select models come with up to five years or 200,000 km extended warranty, supported by Equimax's nationwide service network,
Asif Shamim, Head – International Business, Tata Motors
Commercial Vehicles
, said the Dominican Republic offers strong growth potential aligned with the company's global ambitions. Gabriel Tellerias, President of Equimax, said the partnership would ensure customers receive reliable vehicles backed by robust after-sales support.
Tata Motors' commercial vehicles are now sold in over 40 countries, spanning mini-trucks to heavy-duty trucks and passenger transport solutions.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tata Motors jumps 3% on potential GST cut boosting auto sector outlook
Tata Motors jumps 3% on potential GST cut boosting auto sector outlook

Time of India

time2 hours ago

  • Time of India

Tata Motors jumps 3% on potential GST cut boosting auto sector outlook

Shares of Tata Motors rose 3 per cent to hit a day's high of ₹684.95 on the BSE today after expectations of a cut in GST rates on automobiles triggered a rally across the auto sector. Analysts pointed out that Tata Motors stands out as a key beneficiary of the move, with nearly 87 per cent of its volumes currently taxed in the 28 per cent slab. According to the recent developments, the government may reduce the 28 per cent slab to 18 per cent and simplify GST by removing the compensation cess. While this could weigh on government revenues in the near term, analysts expect it to revive auto demand, accelerate consumption, and support job creation. Global brokerage firm HSBC noted that a shift from 28 per cent to 18 per cent would significantly ease affordability for Tata's SUV-heavy portfolio, directly boosting demand, while domestic brokerage firm Motilal Oswal also flagged Tata Motors alongside Maruti Suzuki and Ashok Leyland as the primary gainers from the proposed GST reduction. Adding weight, foreign brokerage Jefferies highlighted that commercial vehicles (CVs), currently taxed at 28 per cent, could also see their GST rate cut to 18 per cent, making Tata Motors, along with Ashok Leyland and Eicher , strong beneficiaries. This could help Tata Motors not only in passenger vehicles but also across its commercial vehicle division, strengthening its position in both segments. The broader sector also rallied, with Hero MotoCorp , Maruti Suzuki, Ashok Leyland, TVS Motor , and Bajaj Auto advancing 5–8 per cent in morning trade. Maruti is seen benefiting from small cars currently taxed at 29–31 per cent, while Ashok Leyland gains from its large CV base. Two-wheeler makers Bajaj, Hero, TVS, and Eicher are also expected to benefit if rates are cut from 28 per cent to 18 per cent. Currently, small cars fall under the 29–31 per cent slab, while SUVs attract 45–50 per cent GST and cess, which analysts believe are unlikely to be reduced. EVs remain at 5 per cent, while hybrids—taxed at similar levels as ICE vehicles—could benefit if included in the revision. For Tata Motors, the dual boost from passenger vehicle affordability and commercial vehicle tax relief could translate into a meaningful volume uptick and stronger competitive edge in the coming quarters.

Tata Motors jumps 3% on potential GST cut boosting auto sector outlook
Tata Motors jumps 3% on potential GST cut boosting auto sector outlook

Economic Times

time7 hours ago

  • Economic Times

Tata Motors jumps 3% on potential GST cut boosting auto sector outlook

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Tata Motors rose 3% to hit a day's high of Rs 684.95 on the BSE today after expectations of a cut in GST rates on automobiles triggered a rally across the auto pointed out that Tata Motors stands out as a key beneficiary of the move, with nearly 87% of its volumes currently taxed in the 28% to the recent developments, the government may reduce the 28% slab to 18% and simplify GST by removing the compensation cess. While this could weigh on government revenues in the near term, analysts expect it to revive auto demand, accelerate consumption, and support job brokerage firm HSBC noted that a shift from 28% to 18% would significantly ease affordability for Tata's SUV-heavy portfolio, directly boosting demand, while domestic brokerage firm Motilal Oswal also flagged Tata Motors alongside Maruti Suzuki and Ashok Leyland as the primary gainers from the proposed GST weight, foreign brokerage Jefferies highlighted that commercial vehicles (CVs), currently taxed at 28%, could also see their GST rate cut to 18%, making Tata Motors, along with Ashok Leyland and Eicher , strong beneficiaries. This could help Tata Motors not only in passenger vehicles but also across its commercial vehicle division, strengthening its position in both broader sector also rallied, with Hero MotoCorp , Maruti Suzuki, Ashok Leyland, TVS Motor , and Bajaj Auto advancing 5–8% in morning trade. Maruti is seen benefiting from small cars currently taxed at 29–31%, while Ashok Leyland gains from its large CV makers Bajaj, Hero, TVS, and Eicher are also expected to benefit if rates are cut from 28% to 18%.Currently, small cars fall under the 29–31% slab, while SUVs attract 45–50% GST and cess, which analysts believe are unlikely to be reduced. EVs remain at 5%, while hybrids—taxed at similar levels as ICE vehicles—could benefit if included in the Tata Motors, the dual boost from passenger vehicle affordability and commercial vehicle tax relief could translate into a meaningful volume uptick and stronger competitive edge in the coming quarters.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Tata Motors jumps 3% on potential GST cut boosting auto sector outlook
Tata Motors jumps 3% on potential GST cut boosting auto sector outlook

Time of India

time7 hours ago

  • Time of India

Tata Motors jumps 3% on potential GST cut boosting auto sector outlook

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Tata Motors rose 3% to hit a day's high of Rs 684.95 on the BSE today after expectations of a cut in GST rates on automobiles triggered a rally across the auto pointed out that Tata Motors stands out as a key beneficiary of the move, with nearly 87% of its volumes currently taxed in the 28% to the recent developments, the government may reduce the 28% slab to 18% and simplify GST by removing the compensation cess. While this could weigh on government revenues in the near term, analysts expect it to revive auto demand, accelerate consumption, and support job brokerage firm HSBC noted that a shift from 28% to 18% would significantly ease affordability for Tata's SUV-heavy portfolio, directly boosting demand, while domestic brokerage firm Motilal Oswal also flagged Tata Motors alongside Maruti Suzuki and Ashok Leyland as the primary gainers from the proposed GST weight, foreign brokerage Jefferies highlighted that commercial vehicles (CVs), currently taxed at 28%, could also see their GST rate cut to 18%, making Tata Motors, along with Ashok Leyland and Eicher , strong beneficiaries. This could help Tata Motors not only in passenger vehicles but also across its commercial vehicle division, strengthening its position in both broader sector also rallied, with Hero MotoCorp , Maruti Suzuki, Ashok Leyland, TVS Motor , and Bajaj Auto advancing 5–8% in morning trade. Maruti is seen benefiting from small cars currently taxed at 29–31%, while Ashok Leyland gains from its large CV makers Bajaj, Hero, TVS, and Eicher are also expected to benefit if rates are cut from 28% to 18%.Currently, small cars fall under the 29–31% slab, while SUVs attract 45–50% GST and cess, which analysts believe are unlikely to be reduced. EVs remain at 5%, while hybrids—taxed at similar levels as ICE vehicles—could benefit if included in the Tata Motors, the dual boost from passenger vehicle affordability and commercial vehicle tax relief could translate into a meaningful volume uptick and stronger competitive edge in the coming quarters.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store