Latest news with #TataMotorsPassengerVehicles
IOL News
5 days ago
- Automotive
- IOL News
Tata Motors announces entry into South Africa with its range of cars and SUVs
Tata Motors' range to be released in South Africa will boast segment-leading safety across SUVs, crossovers and entry-level compact hatchbacks. Image: Supplied Tata Motors Passenger Vehicles (TMPV), a subsidiary of Tata Motors—India's largest automotive company—has officially announced its entry into the South African market. With a reputation as one of India's most admired automotive brands, Tata Motors brings a comprehensive portfolio to South Africa, spanning compact hatchbacks to high-performance SUVs. Known for manufacturing the nation's safest vehicles, TMPV emphasises cutting-edge design, advanced technology, and relentless innovation in its product offerings. Yash Khandelwal, head of international business at Tata Motors Passenger Vehicles, on Wednesday said South Africa was an important market in their global expansion journey. 'With our class-leading products and a reputed partner in Motus, we are here to offer our South African customers a choice of vehicles that are safe, stylish, and innovation-driven,' Khandelwal said. 'We will deliver a distinctive and future-ready mobility experience, backed by attractive pricing, competitive financing and industry-leading aftersales support.' Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 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 Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow 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. Advertisement Next Stay Close ✕ As part of its commitment to driving inclusive growth, TMPV will also prioritise local value creation through various initiatives aimed at supporting employment in sectors such as sales, service, and technician training. The auto maker believes that this strategic approach not only reinforces Tata Motors' dedication to empowering local communities but also strengthens local economies. In a significant move aimed at utilising local expertise and building a strong presence, TMPV has appointed Motus Holdings, South Africa's leading automotive group, as the exclusive distributor for its diverse range of passenger vehicles. Thato Magasa, CEO of Motus Holding's TMPV South Africa distribution business, expressed enthusiasm about the launch, highlighting the brand's advanced design architecture, cutting-edge technology, and unmatched safety standards. 'Tata Motors Passenger Vehicles' introduction to South Africa is not just about vehicles, it's about providing a comprehensive mobility solution, backed by a globally respected conglomerate and a proudly South African partner dedicated to serving customers with excellence,' Magasa said. 'This introduction is not merely about vehicles; it's about providing a comprehensive mobility solution, backed by a globally respected conglomerate and a proudly South African partner dedicated to serving customers with excellence.'
TimesLIVE
5 days ago
- Automotive
- TimesLIVE
Tata Motors to relaunch passenger vehicles in South Africa
Tata Motors Passenger Vehicles (TMPV), a subsidiary of Indian carmaker Tata Motors, will re-enter the South African market through a new distribution agreement with Motus Holdings. The company, which sells a range of models in its home market, from compact hatchbacks to SUVs, said on Wednesday that its local line-up will feature segment-leading safety, modern design and competitive pricing. 'South Africa is an important market in our global expansion journey,' said Yash Khandelwal, head international business, Tata Motors Passenger Vehicles Ltd. 'With our class-leading products and a reputed partner in Motus, we are here to offer South African customers a choice of vehicles that are safe, stylish and innovation-driven. We will deliver a distinctive and future-ready mobility experience, backed by attractive pricing, competitive financing and industry-leading aftersales support.' TMPV said its South African range will include SUVs, crossovers and entry-level hatchbacks. All its current passenger models in India have four- or five-star New Car Assessment Programme safety ratings, either from Global NCAP or Bharat NCAP.
Time of India
25-06-2025
- Automotive
- Time of India
Tata Motors' strategy to mitigate geopolitical headwinds
New Delhi: Following China's restrictions on rare earth magnet exports, auto major Tata Motors said it is working with the government and is also taking steps to procure magnets from alternate sources. These elements are critical to the production of ICE as well as electric vehicle (EV) components. Speaking to the media on Tuesday, Group CFO PB Balaji said there is no immediate concern. 'No panic buttons are being pressed at this stage,' he said. Commenting on the broader geopolitical risks , including the Israel-Iran conflict, he noted that the semiconductor crisis of 2022–23 served as a critical stress test for the automotive ecosystem, which led companies to internalise key lessons and significantly strengthen their supply chain resilience. The automaker stated that it will 'not change any of the product launch plans' at this stage. However, it added that if the situation worsens significantly, a reassessment may be necessary. The company recently launched the Harrier EV, with dispatches scheduled to begin next month, and confirmed that the Sierra EV rollout remains on track. Shailesh Chandra, MD at Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, added that the company is 'comfortable from a stock perspective for the next few months.' However, he acknowledged the strategic need to diversify sourcing in the medium to long term. 'We have identified seven high-impact rare earth elements out of 17 that are most critical to our components. We are closely tracking how to reduce the constitution or mix of these into the components in which it gets into,' Chandra said. He added that while short-term dependency will continue, there are clear pathways to significantly reduce and eventually eliminate this dependence over the long term. Union Steel and Heavy Industries Minister HD Kumaraswamy on Tuesday said the government is likely to decide on a subsidy scheme for domestic production of rare earth magnets within 15–20 days. While actual production is expected to take about two years, interim sourcing alternatives including Japan and Vietnam are being explored. Tariff impact on JLR Tata Motors anticipates a tariff-related impact on its British subsidiary Jaguar Land Rover (JLR), with EBITDA expected to decline to the 5–7 per cent range, down from its earlier 10 per cent EBIT trajectory. Further, he acknowledged that exports from the company's Slovakia plant to the US remain subject to tariffs, resulting in a cost impact. To mitigate this, the company is rolling out a "cost-out programme over the next 12–18 months." Meanwhile, Balaji confirmed that JLR will commence completely knocked down (CKD) operations at its Ranipet, Tamil Nadu plant in India by early 2026, gradually transitioning from its current Pune base. JLR plans to invest ₹9,000 crore in Ranipet plant over five years, as part of a broader strategy to expand its presence and manufacturing capabilities in the country. He noted that the proposed UK-India trade agreement could ease market entry for future models without requiring CKD scale initially. Hybrids on the cards? When asked about plans to introduce hybrid models by 2030, Chandra said that while the company currently categorises hybrids under the petrol segment, it remains open to the technology. 'If competitiveness requires us to introduce hybrids in certain segments, we will do so– not just for emission compliance, but also for performance-driven reasons,' he noted. However, reiterating its stance on incentivising hybrid vehicles, Tata Motors stated that the company does not view them as a long-term solution deserving of government incentives. 'We are absolutely fine supplying hybrids if that's what the customer wants. But our concern lies with incentivising hybrids. These are not destination technologies, they are transitional, meant to be used for managing CAFE norms by others,' Balaji said. According to him, hybrids are essentially enhanced ICE powertrains, and if they are to be incentivised, then CNG should logically receive similar support. Tata Motors' internal powertrain forecast in the near-term projects 30 per cent of volumes from EVs, 27 per cent from CNG, and around 6–10 per cent from diesel, with the remaining share comprising petrol including hybrids. It may be noted that the automaker's Avinya brand for EVs, which was initially aimed to launch within two and a half years from mid-2022, has been deferred to late 2026 due to 'feasibility challenges in certain subsystems', which required architectural revisions and prolonged engineering cycles. Demerger completion targeted by year-end Tata Motors' proposed demerger process is progressing smoothly, with July 1 this year set as the 'appointed date' for accounting purposes and October 1 as the 'effective date' when the commercial vehicle (CV) and passenger vehicle (PV) businesses begin operating as separate entities. Balaji noted that while the shareholder approval has already been secured, the company is now filing with the NCLT, after which it expects to receive inputs from the ROC and other regulators before final approval. Once the NCLT ruling is received, the company will proceed to operationalise the demerger. Post the demerger, the existing listed entity will become the PV business. The spun-out CV entity, which is set to be renamed Tata Motors, will be listed separately within 45–60 days of the effective date. Tata Motors anticipates the full process, including listing of both entities, to be completed by November–December 2025 period.
Time of India
25-06-2025
- Automotive
- Time of India
From rare earths to trade tariffs: Tata Motors maps strategy to mitigate geopolitical headwinds
New Delhi: Following China's restrictions on rare earth magnet exports, auto major Tata Motors said it is working with the government and is also taking steps to procure magnets from alternate sources. These elements are critical to the production of ICE as well as electric vehicle (EV) components. Speaking to the media on Tuesday, Group CFO PB Balaji said there is no immediate concern. 'No panic buttons are being pressed at this stage,' he said. Commenting on the broader geopolitical risks , including the Israel-Iran conflict, he noted that the semiconductor crisis of 2022–23 served as a critical stress test for the automotive ecosystem, which led companies to internalise key lessons and significantly strengthen their supply chain resilience. The automaker stated that it will 'not change any of the product launch plans' at this stage. However, it added that if the situation worsens significantly, a reassessment may be necessary. The company recently launched the Harrier EV, with dispatches scheduled to begin next month, and confirmed that the Sierra EV rollout remains on track. Shailesh Chandra, MD at Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, added that the company is 'comfortable from a stock perspective for the next few months.' However, he acknowledged the strategic need to diversify sourcing in the medium to long term. 'We have identified seven high-impact rare earth elements out of 17 that are most critical to our components. We are closely tracking how to reduce the constitution or mix of these into the components in which it gets into,' Chandra said. He added that while short-term dependency will continue, there are clear pathways to significantly reduce and eventually eliminate this dependence over the long term. Union Steel and Heavy Industries Minister HD Kumaraswamy on Tuesday said the government is likely to decide on a subsidy scheme for domestic production of rare earth magnets within 15–20 days. While actual production is expected to take about two years, interim sourcing alternatives including Japan and Vietnam are being explored. Tariff impact on JLR Tata Motors anticipates a tariff-related impact on its British subsidiary Jaguar Land Rover (JLR), with EBITDA expected to decline to the 5–7 per cent range, down from its earlier 10 per cent EBIT trajectory. Further, he acknowledged that exports from the company's Slovakia plant to the US remain subject to tariffs, resulting in a cost impact. To mitigate this, the company is rolling out a "cost-out programme over the next 12–18 months." Meanwhile, Balaji confirmed that JLR will commence completely knocked down (CKD) operations at its Ranipet, Tamil Nadu plant in India by early 2026, gradually transitioning from its current Pune base. JLR plans to invest ₹9,000 crore in Ranipet plant over five years, as part of a broader strategy to expand its presence and manufacturing capabilities in the country. He noted that the proposed UK-India trade agreement could ease market entry for future models without requiring CKD scale initially. Hybrids on the cards? When asked about plans to introduce hybrid models by 2030, Chandra said that while the company currently categorises hybrids under the petrol segment, it remains open to the technology. 'If competitiveness requires us to introduce hybrids in certain segments, we will do so– not just for emission compliance, but also for performance-driven reasons,' he noted. However, reiterating its stance on incentivising hybrid vehicles, Tata Motors stated that the company does not view them as a long-term solution deserving of government incentives. 'We are absolutely fine supplying hybrids if that's what the customer wants. But our concern lies with incentivising hybrids. These are not destination technologies, they are transitional, meant to be used for managing CAFE norms by others,' Balaji said. According to him, hybrids are essentially enhanced ICE powertrains, and if they are to be incentivised, then CNG should logically receive similar support. Tata Motors' internal powertrain forecast in the near-term projects 30 per cent of volumes from EVs, 27 per cent from CNG, and around 6–10 per cent from diesel, with the remaining share comprising petrol including hybrids. It may be noted that the automaker's Avinya brand for EVs, which was initially aimed to launch within two and a half years from mid-2022, has been deferred to late 2026 due to 'feasibility challenges in certain subsystems', which required architectural revisions and prolonged engineering cycles. Demerger completion targeted by year-end Tata Motors' proposed demerger process is progressing smoothly, with July 1 this year set as the 'appointed date' for accounting purposes and October 1 as the 'effective date' when the commercial vehicle (CV) and passenger vehicle (PV) businesses begin operating as separate entities. Balaji noted that while the shareholder approval has already been secured, the company is now filing with the NCLT, after which it expects to receive inputs from the ROC and other regulators before final approval. Once the NCLT ruling is received, the company will proceed to operationalise the demerger. Post the demerger, the existing listed entity will become the PV business. The spun-out CV entity, which is set to be renamed Tata Motors, will be listed separately within 45–60 days of the effective date. Tata Motors anticipates the full process, including listing of both entities, to be completed by November–December 2025 period.
TimesLIVE
24-06-2025
- Automotive
- TimesLIVE
Tata Motors says ‘no panic' about rare earth shortage, EV plans unshaken
Maruti Suzuki, India's top carmaker, cut near-term production targets for its e-Vitara by two-thirds because of rare-earth shortages, Reuters reported earlier this month. Shailesh Chandra, MD of Tata Motors Passenger Vehicles and its EV subsidiary, said the company was looking at how to reduce the composition of rare-earth magnets in its cars and how to completely eliminate them about the longer term. China controls more than 90% of the global processing capacity for the magnets, which are used for cars, clean energy and home appliances. It enacted restrictions in April that require companies to obtain import permits from Beijing, as part of its retaliation against hefty US tariffs. Balaji said Jaguar Land Rover will take price hikes 'in a calibrated manner' to counter the affect of US tariffs, but is not planning any manufacturing sites in the US. The Range Rover maker had lowered the forecast for its fiscal 2026 earnings before interest and taxes margin to 5%-7% last week from 10% earlier, amid uncertainty in the global car industry.
