NSE:TMPV

Tata Motors Passenger Vehicles Reports Flood-Related Disruption at Gujarat Plant

Tata Motors Passenger Vehicles (NSE:TATAMOTORS, BOM:500570) said operations at its Sanand, Gujarat plant and supplier facilities in and around the state have been severely disrupted due to flooding caused by heavy rainfall.The Sanand plant manufactures the Tiago, Tigor, Nexon and Sierra models, according to a Monday filing with the Indian bourses. The company is working to restore production at both its manufacturing facility and supplier locations on a priority basis and expects operations to return to normal over the next few days.Shares of the company fell over 1% in recent trade.

Macquarie Upgrades Tata Motors Passenger Vehicles to Outperform From Neutral; Price Target is INR381

Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) has an average rating of hold and mean price target of 375.31 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://finwires.com/en/contact)

Market Chatter: Tata Group Expects Auto Division to Contribute $100 Billion in Revenue by 2031

Tata Group expects its automotive division to contribute about $100 billion in revenue by the year ended March 2031, Bloomberg reported Thursday, citing the Indian conglomerate's chairman.The bulk of the revenue target is expected to come from Jaguar Land Rover at about $45 billion to $50 billion, followed by the commercial vehicle business with $40 billion.The balance is expected to come from the group's cars and auto components business, Natarajan Chandrasekaran reportedly said at Tata Motors Passenger Vehicles' (NSE:TMPV, BOM:500570) annual meeting.(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.)

Tata Motors Passenger Vehicles' Total Sales Rise 69% in June

Tata Motors Passenger Vehicles' (NSE:TMPV, BOM:500570) total sales jumped 69% to 63,083 units in June, against 37,237 units sold a year ago, according to a Wednesday filing to the Indian bourses.Total domestic sales in June also soared 67% to 62,076 units from 37,083 units a year earlier.For the fiscal first quarter ended June 30, total sales increased 46% year on year to 182,574 units from 124,809 units.

Tata Motors PV Says Stellantis Discussions Ongoing, No Definitive Deal Signed

Tata Motors Passenger Vehicles (NSE:TMPV, BOM:544569) said there has been no material development regarding its discussions with Stellantis, in response to media reports that the two firms were close to finalizing a partnership agreement, according to a Thursday filing with the Indian bourses.The clarification followed a Moneycontrol.com report, which cited comments by Tata Motors PV Managing Director Shailesh Chandra at the company's Investor Day on June 23, saying the companies were nearing a deal to expand their collaboration.Building on their more than two decades of partnership through Fiat India Automobiles, a joint venture that produces multi-brand vehicles in India, the companies signed a non-binding memorandum of understanding in February to explore collaboration in manufacturing, engineering and supply chain operations."The discussions are ongoing, and no definitive agreement has been agreed upon or executed between the parties as on date," Tata Motors said.

Tata Motors' JLR Targets Double-Digit Revenue Growth, Shifts Focus to US Market

Tata Motors Passenger Vehicles' (NSE:TMPV, BOM:500570) wholly owned subsidiary Jaguar Land Rover Automotive plans to target double-digit medium-term revenue growth through expanded product flexibility and a stronger focus on the North American market.The company plans to broaden propulsion options across its Range Rover and Defender models under its "House of Brands" strategy, aimed at serving different customer segments and diversifying revenue streams, according to an Indian bourse filing on Wednesday.JLR also reaffirmed its commitment to invest 18 billion pounds through fiscal 2029 in future technologies, vehicle platforms and business transformation, as it transitions toward software-defined and electrified mobility.Alongside its core markets in the UK, Europe and China, the company is increasing its strategic emphasis on the US, where it plans to develop market-specific offerings and strengthen supply chain resilience.JLR said it is also restructuring its cost base through targeted efficiencies in material costs, warranty expenses and fixed costs to support savings. The company aims to reduce its breakeven volume to about 300,000 units over the next two years through cost savings of 1.7 billion pounds.

Indian Equities Rally on Friday as US-Iran Deal Hopes, Easing Oil Prices Boost Sentiment

Indian benchmark indices rallied on Friday, with the Sensex and Nifty posting their strongest gains in several sessions as optimism surrounding a potential U.S.-Iran agreement and a sharp decline in crude oil prices lifted investor sentiment.The BSE Sensex jumped 1,695.40 points, or 2.3%, to close at 75,527.95, while the NSE Nifty 50 advanced 461.30 points, or 2%, to settle at 23,622.90.Sentiment improved after U.S. President Donald Trump said that negotiations with Iran were nearing completion. Reports indicating that a deal could be finalized in the coming days raised expectations of the reopening of the Strait of Hormuz, easing concerns over global energy supplies. This resulted in a sharp decline in crude oil prices, which further supported risk appetite.On the economic front, the World Bank raised its 2026 growth forecast for India to 6.6% from 6.5%, citing resilient domestic demand, strong rural consumption, and improving urban demand.In corporate developments, Alembic Pharmaceuticals (NSE:APLLTD, BOM:533573) received final approval from the U.S. Food and Drug Administration for its generic version of Retin-A Cream, used in the treatment of acne vulgaris.Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) is set to increase vehicle prices by up to 1.5% from July as it seeks to offset rising input costs, according to Reuters reports.

Market Chatter: Tata Motors to Bump Car Prices Again

Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) will bump the prices of its vehicles by up to 1.5% starting in July to offset rising input costs, Reuters reported Friday.The price hike would be the second such bump in four months as the firm reels from cost pressures from the Middle East conflict.(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.)

Indian Equities Slip Wednesday as IT Stocks Tumble, Oil Prices Rise

Indian equities fell on Wednesday, as IT stocks lost steam, heightened tensions in the Middle East led to rising oil prices, and foreign institutional investor outflows weighed on sentiment.The BSE Sensex slipped 0.4%, or 303.67 points, to finish Wednesday's session at 74,346.17. Likewise, the NSE Nifty 50 tumbled 0.3%, or 77.95 points, to 23,405.60.Investor sentiment dampened as ongoing tensions between the U.S. and Iran led to an increase in oil prices, fueling energy-related pressures, according to a report by The Times of India.Additionally, many IT heavyweights, which had led Tuesday's rally, posted sharp declines.Among the top losers were Tata Consultancy Services (NSE:TCS, BOM:532540), Tech Mahindra (NSE:TECHM, BOM:532755), and HCL Technologies (NSE:HCLTECH, BOM:532281), which plunged over 8%, 6%, and 5%, respectively.Apollo Hospitals Enterprise (NSE:APOLLOHOSP, BOM:508869) led gainers for the day, posting a rise of nearly 3%. Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) and InterGlobe Aviation (NSE:INDIGO, BOM:539448) were down around 2% each at the day's close.In corporate news, Bajel Projects (NSE:BAJEL, BOM:544042) bagged a mega engineering, procurement, and construction order for a GIS substation from a data center client in Mumbai. Shares closed 3% higher.Elsewhere, IndiGo, operated by InterGlobe Aviation, said it will discontinue flight operations to and from Manchester effective Aug. 31 amid prolonged airspace restrictions, longer flight times, and higher operating costs.

Tata Motors Passenger Vehicles' Total Sales Rise 42% in May

Tata Motors Passenger Vehicles' (NSE:TMPV, BOM:500570) total sales rose 42% to 59,790 units in May, against 42,040 units sold a year ago, according to a Monday filing to the Indian bourses.Total domestic sales in May also grew 42% to 59,090 units from 41,557 units a year earlier, the filing said.Of the total, electric vehicle sales jumped 85% year-on-year to 10,517 units from 5,685 units.

Nomura Adjusts Tata Motors Passenger Vehicles' Price Target to INR373 from INR390, Keeps at Neutral

Jefferies Adjusts Tata Motors Passenger Vehicles' Price Target to INR300 from INR310, Keeps at Underperform

Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) has an average rating of hold and mean price target of 376.78 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://finwires.com/en/contact)