Bharti Airtel: The company, on Tuesday, said it is initiating the process to revise its foreign investment limit to 100 per cent with immediate effect.
Tata Elxsi: Tata Elxsi s net profit increased 39.5 per cent year-on-year (YoY) to Rs 105.2 crore for the December 2020 quarter.Its revenue from operations rose 12.7 per cent YoY to Rs 477.1 crore for the quarter.
Tata Motors: The firm reported a 1 per cent rise in global wholesales, including Jaguar Land Rover, to 2,78,915 units in the third quarter of the current fiscal.
Tech Mahindra: The company will acquire Payments Technology Services for $9 million. The acquisition will give Tech Mahindra access to IPs and licenses for two products - Open Payment Framework (OPF) and Multi-Bank System (MBS).
Tata Motors Hits Fresh 52-Week Highs On Jump In Global Wholesales Tata Motors on Tuesday reported a 1 per cent rise in global wholesales, including Jaguar Land Rover, at 2 78,915 units in the third quarter of the financial year 2020-21
Updated: January 13, 2021 10:42 am IST
At 10:20 am, the shares of Tata Motors were trading higher by 1.3 per cent on the BSE.
Tata Motors shares touched fresh 52-week highs after the auto major reported a 1 per cent rise in global wholesales, including that of Jaguar Land Rover, to 2,78,915 units in the third quarter of the current fiscal. The company had sold 2,76,127 units in the October-December period. At 10:20 am, the shares of Tata Motors were trading at Rs 241.10,higher by 1.3 per cent on the BSE.
Updated Jan 12, 2021 | 11:50 IST
Tata Motors was the top gainer in Nifty. Its shares have rallied over 26% in the last one week. Representational image
New Delhi: Homegrown auto giant Tata Motors is planning to launch a series of affordable electric cars with long battery range over the new few years. According to a report in the
Times of India the JLR owner plans to price its green cars at “not more than 15-20% premium” to conventional petrol/diesel vehicles, while offering a battery range at least in excess of 200km on a single charge.
Worth mentioning here is that at present Tata Motors gives 8-year (or 1.6 lakh km) warranty on battery and motor and has given a good competition to its rivals in this space. Tata Motors electric versions of the Tigor sedan and Nexon SUV run 312km on single-charge and are priced at Rs 9.6 lakh and Rs 14 lakh respectively in Delhi.
Shares of Tata Motors hit a fresh 52-week high of Rs 249.50, up 13.35 per cent on the BSE on Tuesday, extending its Monday s 11 per cent rally, after the company s subidiary Jaguar Land Rover (JLR) posted second successive quarter-on-quarter recovery in sales, despite the continuing impact of Covid-19. The stock of Tata group commercial vehicles company was trading higher for the eighth straight day and has rallied 25 per cent during the period. JLR on Monday released its 2020 sales figures, which reflect a considerable hit as a result of the Covid-19 pandemic, but the company highlighted signs of recovery as sales in China remained strong.