Latest news with #TataMotors'
Hindustan Times
8 hours ago
- Automotive
- Hindustan Times
Thar, Scorpio N, XEV 9e, BE 6 push Mahindra to pip Tata Motors for second consecutive month
Mahindra has capitalised on the positive consumer sentiment for the SUVs with its range of utility vehicles. Mahindra has capitalised on the positive consumer sentiment for the SUVs with its range of utility vehicles. Check Offers Mahindra has outsold its homegrown archrival, Tata Motors, in the passenger vehicle sales chart in May 2025. Mahindra, in its regulatory filing, has stated that it sold 52,431 units of passenger vehicles in the Indian market, as compared to Tata Motors' 41,557 units recorded last month. This was the second straight month when Mahindra outsold Tata, as in April this year, the manufacturer of popular models like Thar, Scorpio N, etc., sold 52,330 units as compared to 45,199 units registered by the manufacturer of Nexon, Punch. With these numbers, Mahindra has recorded a 21 per cent year-on-year growth in its passenger vehicle sales. The OEM registered 43,218 units in the same month a year ago. In the year-to-date period (April-May 2025) this fiscal as well, Mahindra has registered a 24 per cent growth with 104,761 units, as compared to 84,226 units sold in the same period last fiscal. Mahindra has further stated in its official release that in the passenger vehicle segment, its overall sales were 54,819 units, including domestic retail numbers and exports. Mahindra has attributed this positive sales performance to the ever-increasing demand for SUVs, as well as upbeat confidence for battery electric vehicles. The automaker sells some of the most popular SUVs in India, which include Thar, Thar Roxx, Scorpio N, XUV 3XO, Scorpio Classic, XUV700, Bolero Neo, etc. In the electric vehicle segment as well, the automaker sells models like BE 6, XEV 9e, which have grabbed a lot of attention. 'Thanks to continued demand for our products, we were able to deliver industry-leading growth across our internal combustion engines (ICE) and battery electric vehicles (BEV) portfolio," said Nalinikanth Gollagunta, CEO, Automotive Division at Mahindra and Mahindra. Compared to other car makers who have varied offerings such as hatchbacks, sedans and SUVs, Mahindra's portfolio largely has SUVs, which have benefited from consumers' preference for larger cars. Data from Vahan has revealed that in April and May this year, Mahindra has sold about 94,843 passenger vehicles, which has cemented its place in the second position in the Indian PV market. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 02 Jun 2025, 09:04 AM IST
Time of India
3 days ago
- Business
- Time of India
After 10 years of delay, Pimpri Chinchwad civic body moves to set up fire station in Bhosari MIDC
Pune: The Pimpri Chinchwad Municipal Corporation has floated a tender to set up a dedicated fire station in Bhosari MIDC, more than a decade after local industries put forward a demand and consistently followed up with authorities. A senior civic official said the project, as per tender amount, will cost around Rs22 crore and it will be completed within two years of a work order being issued. "The tender was floated on May 19. We have received bids from five companies and they will be opened in a day or two." Currently, PCMC relies on Sant Tukaramnagar fire station or Tata Motors' Pimpri unit in the event of a blaze in industrial units. The new fire station will come up on a 4,000 square meter plot allocated by MIDC (Maharashtra Industrial Development Corporation) to the civic body. Other than advanced machinery specifically designed to tackle industrial fires, the facility will have staff quarters and a parking lot for fire vehicles. Sandeep Belsare, president of Pimpri Chinchwad Small Industries Association, said that more than 3,800 units legally operate across the twin cities. "We pursued the demand of an exclusive fire station with almost every industries minister since 2010, but only received assurances." Nearly 15% to 20% of the industries in Pimpri Chinchwad deal in polymers and chemicals — materials that pose a higher fire risk, he said. "Two years ago, the industries minister, Uday Samant, assured us that the officials concerned were instructed to complete the formalities to set up a fire station within a year, but no concrete action followed. Now that PCMC has initiated the tendering process, we hope it is carried through. " An official from PCMC's fire brigade department said while some existing fire stations possess advanced machinery to handle industrial fires, the new facility will allow the deployment of more advanced equipment and skilled manpower. "The responsibility to set up such a facility lies with MIDC, which issues NoCs and collects related charges from industries. However, PCMC has now taken up the initiative to proceed on its own. " PCMC faces a shortage of firefighting personnel. Earlier this year, it began the process to recruit 150 firefighters, but the drive is yet to be completed. The addition of a new fire station is expected to further burdern the department's available manpower, officials said. Pune: The Pimpri Chinchwad Municipal Corporation has floated a tender to set up a dedicated fire station in Bhosari MIDC, more than a decade after local industries put forward a demand and consistently followed up with authorities. A senior civic official said the project, as per tender amount, will cost around Rs22 crore and it will be completed within two years of a work order being issued. "The tender was floated on May 19. We have received bids from five companies and they will be opened in a day or two." Currently, PCMC relies on Sant Tukaramnagar fire station or Tata Motors' Pimpri unit in the event of a blaze in industrial units. The new fire station will come up on a 4,000 square meter plot allocated by MIDC (Maharashtra Industrial Development Corporation) to the civic body. Other than advanced machinery specifically designed to tackle industrial fires, the facility will have staff quarters and a parking lot for fire vehicles. Sandeep Belsare, president of Pimpri Chinchwad Small Industries Association, said that more than 3,800 units legally operate across the twin cities. "We pursued the demand of an exclusive fire station with almost every industries minister since 2010, but only received assurances." Nearly 15% to 20% of the industries in Pimpri Chinchwad deal in polymers and chemicals — materials that pose a higher fire risk, he said. "Two years ago, the industries minister, Uday Samant, assured us that the officials concerned were instructed to complete the formalities to set up a fire station within a year, but no concrete action followed. Now that PCMC has initiated the tendering process, we hope it is carried through. " An official from PCMC's fire brigade department said while some existing fire stations possess advanced machinery to handle industrial fires, the new facility will allow the deployment of more advanced equipment and skilled manpower. "The responsibility to set up such a facility lies with MIDC, which issues NoCs and collects related charges from industries. However, PCMC has now taken up the initiative to proceed on its own. " PCMC faces a shortage of firefighting personnel. Earlier this year, it began the process to recruit 150 firefighters, but the drive is yet to be completed. The addition of a new fire station is expected to further burdern the department's available manpower, officials said.
NDTV
5 days ago
- Automotive
- NDTV
Tata Motors Launches Commercial Vehicles In Egypt, Partners With MTI
Tata Motors, the Indian automobile manufacturer, along with MM Group for Industry and International Trade (MTI), one of Egypt's largest distribution companies, announced the launch of its commercial vehicles range in Egypt. Designed to address the country's growing mobility needs across cargo and passenger segments, the diverse portfolio, including Tata Xenon, Ultra T.7, Ultra T.9, Prima 3328.K, Prima 4438.S, Prima 6038.S, and LP 613 bus will support Egypt's infrastructure growth, rising urbanization, and expanding logistics sector. The launch marks a significant step forward in Tata Motors' commitment to the market, combining global expertise with a customer-centric approach to deliver reliable, efficient, and future-ready solutions. Commenting on the launch, Mr. Asif Shamim, Head, International Business, Tata Motors Commercial Vehicles, said- "Egypt is a pivotal market for Tata Motors, driven by its expanding infrastructure and the growing demand for reliable mobility solutions. With decades of experience in delivering advanced commercial vehicles across diverse geographies, we are confident that our offerings - from pickups, heavy trucks to buses will cater to the varied needs of fleet owners and businesses in the market. Designed for superior performance, fuel efficiency and high uptime, our vehicles enable greater productivity and profitability. We aim to further strengthen the portfolio with new introductions at regular intervals to address evolving customer requirements. Backed by MTI's strong market insight and nationwide network, we are committed to creating lasting value in the country." Also Read: Jeep Wrangler Willys '41 Edition Sells Out Within Weeks Of Its Launch Mr. Khaled Mahmoud, CEO, MTI added- "The introduction of Tata Motors' world-class commercial vehicles in Egypt marks a key milestone in the country's transport and logistics sector. With this launch, we are bringing trusted solutions catering to diverse applications and demanding conditions. Our focus will be on ensuring a superior ownership experience through MTI's robust after-sales network. We value our partnership with Tata Motors and are confident that, together, we will set new benchmarks in efficiency, durability and customer excellence in Egypt's commercial vehicle market." Along with its advanced vehicles, Tata Motors also claims that the customers will benefit from value-added services designed to ensure hassle-free ownership and superior lifecycle management. This includes an extended warranty of up to 5 years or 150,000 km on the Tata Xenon and the Ultra range, along with a Scheduled Service Package. Coupled with MTI's strategically located service touchpoints, customers will also enjoy wide access to affordable spare parts and timely support, ensuring maximum vehicle uptime.
Time of India
6 days ago
- Automotive
- Time of India
Tata Motors shares in focus as global tax outgo touches Rs 38,892 cr in FY25
Shares of Tata Motors are likely to be in the spotlight on Tuesday after the automaker revealed in its inaugural Tax Transparency Report that it paid Rs 38,892 crore in global taxes and other contributions for FY25. This marks a decline of 1% from Rs 39,344 crore in FY24. The dip came primarily due to a drop in direct tax contributions, which stood at Rs 25,766 crore in FY25, compared to Rs 29,199 crore the previous year. However, this decline was offset to some extent by a significant jump in indirect tax contributions. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Indirect outgo, including withholding and payroll taxes, surged 31% year-on-year to Rs 12,189 crore, up from Rs 9,284 crore in FY24. Other contributions, such as provisions for Provident Fund and Employee Pension Scheme, stood at Rs 937 crore in FY25, slightly higher than Rs 861 crore in the prior fiscal. Live Events Despite the slight decline in tax outgo, Tata Motors reported a consolidated net profit of Rs 28,149 crore for FY25, down from Rs 31,807 crore in FY24. Total revenue for the year came in at Rs 4,39,695 crore, up from Rs 4,34,016 crore in the previous fiscal. Also read: Eternal shares drop 4.5% on foreign shareholding cap Tata Motors share price history Over the past year, Tata Motors' stock has declined by 24.12%. On a year-to-date (YTD) basis, it is down by 2.70%, while the six-month return stands at a negative 6.92%. However, the stock has shown signs of recovery more recently, rising 10.17% over the last three months and gaining 11.33% in the past month. On Monday, the shares of Tata Motors closed 1.5% higher at Rs 729.05 on the BSE . ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
26-05-2025
- Automotive
- Time of India
Tata Motors' EV arm turns Ebitda positive despite dip in sales and market share
Tata Motors' electric vehicle (EV) business achieved a positive operating margin before depreciation and amortisation (Ebitda) in the fiscal year 2024-25, placing it among a small group of EV manufacturers globally to reach this milestone, the company said in its latest annual report. The turnaround in margins came even as EV sales dipped and its market share declined due to intensifying competition from rivals like MG Motor and Mahindra & Mahindra. India's leading EV player by volume, Tata Motors reported that revenue from its EV division fell to Rs 8,187 crore in FY25, down from Rs 9,285 crore in FY24. Its retail market share also dropped significantly—from 73.1% to 55.4% over the same period. However, the Ebitda margin showed a marked improvement, climbing to 1.2% from a negative 7.1%—an increase of 8.3 percentage points, according to an ET report. 'In the EV segment, we became one of the few global manufacturers to achieve positive EBITDA, on the back of a higher level of localisation, aggressive cost reduction, and securing PLI benefits,' Tata Motors stated in the annual report. The improved profitability was underpinned by multiple factors including increased localisation of components, cost-cutting measures, and government-backed support through the Productivity Linked Incentive (PLI) scheme. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025년 가장 멋진 RPG 게임을 지금 정복하세요 레이드 섀도우 레전드 Undo The PLI benefits amounted to Rs 527 crore, comprising Rs 385 crore earmarked for FY25 and Rs 142 crore received for FY24. Tata Motors' total other income, which includes various government incentives, rose to Rs 3,458 crore in FY25, compared to Rs 2,971 crore the year before. This included export and other incentives worth Rs 1,021 crore and Rs 617 crore for FY25 and FY24 respectively. Additionally, the company's foreign subsidiaries benefited from tax credits on research and development expenditure, receiving Rs 2,438 crore in FY25 and Rs 2,354 crore in FY24. Jaguar Land Rover (JLR), the UK-based luxury subsidiary of Tata Motors, posted a strong year in terms of foreign exchange gains. JLR recorded an exchange gain of Rs 981 crore in FY25, up sharply from Rs 190 crore in FY24, attributed to currency movements and fair value adjustments. Despite short-term pressure on EV sales, Tata Motors' ability to turn Ebitda positive highlights the benefits of structural cost efficiencies and strategic government support, positioning it more strongly for future growth in the fast-evolving EV landscape. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
