Latest news with #TataMotorsLtd
Mint
7 hours ago
- 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
12 hours ago
- 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.
The Hindu
a day ago
- Automotive
- The Hindu
Tata Motors unveils Harrier.ev SUV at ₹21.49 lakh
Tata Motors Ltd. on Wednesday unveiled the a sport utility vehicle (SUV), at an introductory price of ₹ 21.49 lakh (ex-showroom). Powered by the next-gen pure EV architecture, the SUV is capable of sprinting from 0-100 km/h in 6.3 seconds with boost mode. Tata Motors has also introduced lifetime warranty on the battery pack of the Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicle Ltd. and Tata Passenger Electric Mobility Ltd., said, 'From defining the SUV segment in the 1990s with iconic nameplates to democratising it by boldly entering new whitespaces in the 2020s, our journey has always been driven by innovation and leadership.' 'With the launch of we are not just introducing a new electric SUV or challenging convention — we are rewriting the rules of what's possible. Born of legendary pedigree and engineered for tomorrow, the is India's most capable SUV,' he added. Built on the architecture and powered by QWD that generates the highest torque and unleashes fastest acceleration ever seen in an Indian SUV, the will be differentiated by its performance, the company said.
Mint
20-05-2025
- Automotive
- Mint
Why is this driverless car startup changing tack to become a software designer
Five years ago, a Bengaluru-based startup was founded with the ambition to make the country's first driverless car. However, the company is now changing tack to become a software designer. Minus Zero, which raised $1.7 million seed funding from a group of investors led by Chiratae Ventures in March 2022, has launched a software designed to help India's automakers develop advanced driverless assistance (ADAS) capabilities. ADAS was introduced to help increase car safety and security on roads, helping drivers in parking, lane detection and braking, among other things. The startup is already offering the autopilot system to automakers like Ashok Leyland Ltd and Tata Motors Ltd, a top company official said. Pivot driven by policy Minus Zero's pivot comes after the government announced that India will not move towards driverless cars, which meant a lack of market for a completely driverless car in the country. 'Over the past two years, the lack of a market for completely driverless cars in the near future, especially with the Union cabinet minister suggesting that India will not go the driverless way on its roads in the foreseeable future, meant that we had to pivot," Gagandeep Reehal, co-founder and chief executive of Minus Zero, told Mint. Also Read: Race to outrun humans: How humanoid robots are closing the gap In December 2023, Union minister of road transport and highways Nitin Gadkari had said that driverless cars will not be allowed in India in order to protect the jobs of drivers. India-specific AI for ADAS Speaking to Mint ahead of the launch of the software platform, Reehal said that the plan was part of a long-term product strategy—driven by industry demand and government strategies. 'When we started working on trying to make a fully self-driving vehicle, we were one among many startups around the world looking to build a Tesla alternative around the world," Reehal said. 'Today, Waymo is the only notable one left among full-sell-drive startups, that too in a limited region and solely because of the might of Google backing it." The firm claims to have developed the platform after testing in dense urban traffic in Bengaluru, helping it get accustomed to the unique nature of Indian roads. 'Over the past 18 months, we're working with ARAI (Automotive Research Association of India) to collect on-road real-world testing data to build an AI model based completely on the Indian context and peculiarities," Reehal said. For instance, the company tried gauging how to map traffic in roads that do not have markings, or have very slow, unorganised traffic. ADAS growth and challenges Advanced driver assistance systems have gained prominence since being introduced to the Indian market. In 2021, India's fourth-largest automaker Mahindra and Mahindra Ltd's XUV700 became the first sports utility vehicle (SUV) of the country to offer ADAS system for consumers. Since then, Hyundai Motor India Ltd and Tata Motors Ltd have also introduced the ADAS system in their cars. Through sensors and cameras, drivers get alerts and assistance with braking and lane changing on the roads. ADAS is a pack electronic technologies in vehicles that aim to reduce human error, a major cause of road accidents, by providing drivers with timely information and active assistance. However, a key challenge for the country's automakers is making the technology work on Indian roads. While developed nations such as the US have examples of fully automated cars such as Waymo and Tesla, the country is far behind the curve on this. Some evidence suggests it is growing. Hyundai's FY25 car sales included about 14% of cars with ADAS, a 7% growth from a year ago. But the problem, as some automakers highlight, is the random nature of Indian roads. Future prospects and funding 'The nature of traffic in India is completely different. While some players thought we can apply a lot of specifications of the Chinese market here, the unpredictability is quite high in the country," a senior executive at a top European car maker said. 'You cannot introduce ADAS without an off-switch for now. It's then very important to build the ADAS system within the country." Also Read: Rich south India struggles to buy cars while northern and western states surge ahead The ADAS system has levels ranging from level 0 (no automation) to level 5 (full automation). The development in the Indian market is largely focused on levels 2 and 3. Major automakers are said to be working on ADAS advancements in the Indian market to enhance operations. Mercedes Benz India is one of them. 'We are investing significant time and efforts to analyze customer feedback on the functioning of ADAS on Indian road conditions. Several India-specific advancements and adaptations are already under progress in the R&D domain at Mercedes Benz Research Development Institute," Santosh Iyer, managing director and CEO at Mercedes Benz India, said. Pilot run on Indian roads Minus Zero is already working on co-engineering pilot projects with Ashok Leyland, Tata Motors and 'one of Europe's top three automobile groups" to test its platform on their cars—that would be set to release in 2027, or 2028. This is around the same time when Minus Zero projects steady annual recurring revenue generation. A senior industry executive familiar with the matter told Mint that a large part of this claim is based on using a visual AI model to form virtual queues of cars, which in turn help vehicles understand proximities between objects in context of the surroundings. 'For instance, if you were in Delhi's Chandni Chowk, the minimum safe distance you can keep without stalling traffic is very different from the Yamuna Expressway leading to Agra. For Indian roads that are predominantly unorganised and unmarked, having the ability to do so and understand what is an obstruction and what isn't is key. Indian startups clearly have a scope of business here," the executive told Mint. Commercial viability Quantifying this, Reehal said that the scope of business can amount up to $90-100 million in annual revenue by deploying ADAS features in one variant of a bestselling car that sells 100,000 units in one full year. 'This would be a conservative estimate, but is the kind of revenue that we seek to generate within the next two years—as current projects convert into commercial deals," Reehal said. He is currently in San Francisco, California, to pursue the startup's series-A round of private equity or venture capital funding. After its seed funding of $1.7 million, the startup raised a 'small" bridge round over the past 12 months—the valuation or funding quantum of which Reehal did not want to disclose. Reehal added that he expects that once commercial contracts start coming in, the pricing of his ADAS software offering will further diversify. "We're offering the platform along with integrated hardware such as cameras and sensors, or in a stripped-down software version only, for a rough pricing of $900-2,000 per car," he added. Also Read: Automakers rush to PMO, commerce ministry as Chinese magnet crisis worsens The industry executive cited earlier concurred on the projection, adding that the current pricing is in line with present generation ADAS features. 'In the near future, the pricing will certainly go down as ADAS features trickle down into the budget segment as well. The automotive regulatory body (ARAI) will also help propagate ADAS as a crucial safety feature, and for that, Indian data and context through purpose-built AI models is necessary," he said.
Business Standard
14-05-2025
- Automotive
- Business Standard
Tata Motors Ltd Slides 2.8%
Tata Motors Ltd has added 15.64% over last one month compared to 12.16% gain in BSE Auto index and 8.3% rise in the SENSEX Tata Motors Ltd fell 2.8% today to trade at Rs 688.1. The BSE Auto index is down 0.48% to quote at 51654.29. The index is up 12.16 % over last one month. Among the other constituents of the index, Hero MotoCorp Ltd decreased 2.36% and Tube Investments of India Ltd lost 1.5% on the day. The BSE Auto index went down 0.75 % over last one year compared to the 11.34% surge in benchmark SENSEX. Tata Motors Ltd has added 15.64% over last one month compared to 12.16% gain in BSE Auto index and 8.3% rise in the SENSEX. On the BSE, 2.08 lakh shares were traded in the counter so far compared with average daily volumes of 14.88 lakh shares in the past one month. The stock hit a record high of Rs 1179.05 on 30 Jul 2024. The stock hit a 52-week low of Rs 542.55 on 07 Apr 2025.
