Updated Feb 25, 2021 | 16:28 IST | Debashish Mukerji
CEOs of leading industrial products companies concur that rapid adoption of new technologies is the only route to revival following the setbacks caused by the pandemic. Pursuing sustainability will help growth Digitalise or Perish
The industrial products sector was badly hit by the Covid-19 pandemic. What are they focusing on as they strive to recover? What were the main challenges they faced, and which of them remain? How can sustainability also be pursued alongside the recovery?
These were among the questions debated at the ET-IBM Reshape Tomorrow roundtable of industrial sector CEOs titled ‘Racing from survival to revival: Industrial Products in 2021 & beyond’. The discussion was moderated by ET’s senior editor Alokesh Bhattacharyya and senior assistant editor Suchetana Ray.
Tata Motors - India business scaling in the right direction - ICICI Securities
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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.
(File photo)
NEW DELHI: In one of the most ambitious plans made around electric mobility and affordability, homegrown auto giant Tata Motors has said that it 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.
The statement comes just as Tata Motors drives on a path of resurgence in the Indian passenger vehicles market, making significant gains in share in just about a year. Riding high on healthy demand for products such as the Tiago mini, Nexon compact SUV and the Altroz hatch, the company is confident that its overall monthly sales will be “at least in excess of 22,000 units”, keeping it firmly placed in the third position behind Hyundai and market leader Maruti.
Tata Sons the holding and promoter company of Tata Group is valued at around Rs 5.08 trillion, based on the current valuation ratio of listed holding companies (holdcos), such as Bajaj Holdings & Investment, JSW Holdings, Grasim Industries, Bajaj Finserv, Bombay Burmah Trading, Mahindra & Mahindra (M&M), EID Parry, and Vedanta, among others. These listed holdcos are currently trading at 42 per cent discount to their net asset value (NAV), based on their market capitalisation (m-cap) on Friday. NAV is the sum of the current market value of their listed investments, unlisted investments minus debt on their books at the end of March this year.
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