NSE:TATAMOTORS

Market Chatter: Tata Motors to Use Chery's Automaking Platform in Premium EVs

Tata Motors (BOM:500570, NSE:TATAMOTORS) plans to license Chery Automobile's (HKG:9973) Freelander, an automaking platform developed in a joint venture between the Chinese firm and Jaguar Land Rover, Reuters reported Wednesday, citing people familiar with the matter.The Indian automaker plans to incorporate the platform in its electric vehicles under its premium Avinya brand, which will be manufactured at the newly opened factory in Tamil Nadu, according to the report.The first model under the Avinya brand is scheduled to launch in 2027, the report said.Shares of Tata Motors rose nearly 1% in recent trade, while those of Chery Automobile declined nearly 3% at market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ICICI Securities Downgrades Tata Motors to Add from Buy; Price Target is INR415

Tata Motors' Consolidated Net Profit Rises in Fiscal Q4

Tata Motors' (NSE:TATAMOTORS, BOM:500570) consolidated net profit rose to 17.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 13.4 billion rupees a year ago.Earnings per share came in at 4.87 rupees from 3.65 rupees a year earlier, the commercial vehicles manufacturer said in a filing to the Indian stock exchanges. The EPS was lower than the 5.64 rupees estimated by analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 increased to 261.0 billion rupees from 218.6 billion rupees a year ago. This was higher than Visible Alpha's estimate of 193.2 billion rupees.The company's board recommended a final dividend of 4 rupees per equity share of 2 rupees each for the financial year ended March 31, to be paid by July 2.

Investec Upgrades Tata Motors to Buy from Hold; Price Target is INR445

Tata Motors (BOM:500570, NSE:TATAMOTORS) has an average rating of buy and mean price target of 527.55 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)