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Tata Motors-Iveco revenue to be $35-40 billion in 5 years: N Chandrasekaran
Tata Motors is projecting a remarkable revenue growth of $35-40 billion in its commercial vehicle sector over the next five years from its acquisition of Iveco Group, chairman N Chandrasekaran said. This strategic decision, expected to finalise by September, aims to enhance Tata Motors' global reach with synergistic products and cutting-edge technologies.
Tata Motors CV bets on Iveco deal to prop up local, global play
Tata Motors is targeting a 40% domestic commercial vehicle market share by FY28, bolstered by the proposed $4.5 billion acquisition of Italian firm Iveco. This strategic move aims to unlock new markets, products, and technologies, complementing Tata's existing presence. The company also sees strong domestic recovery, achieving its highest heavy commercial vehicle market share in a decade and maintaining double-digit Ebitda margins despite cost pressures.
Tata Motors CEO says India growth story will outweigh West Asia war impact on CV demand in long term
Tata Motors anticipates short-term headwinds for commercial vehicle demand due to West Asia war-induced diesel price hikes. However, MD & CEO Wagh remains optimistic, citing India's strong macro-economic growth as a long-term driver for increased road freight and commercial vehicle demand. He also highlighted government initiatives like electrification incentives as positive factors for the industry's future.
Centre approves Rs 530 cr for intelligent transport system in Chennai
Chennai is set to revolutionize its traffic management with a Rs 500 crore intelligent transport system. Funded by a loan from Japan, the project will enhance efficiency and handle growing demands. Key features include advanced traffic control at numerous junctions, incident detection, and real-time information systems. The Greater Chennai Corporation anticipates full operation by August 2026, promising a smoother commute for residents.
Tata Motors targets bigger slice of PV and CV markets
With the passenger vehicle business aims for a 20% share by FY31, the commercial vehicle unit is targeting 40% by FY28.
Tata Motors CV bets on global expansion, EVs and digital businesses for next phase of growth
Tata Motors' commercial vehicle division is charting an ambitious growth path, prioritizing global expansion, electric vehicles, and digital services. The company aims to leverage the proposed Iveco acquisition for wider market access and product diversification.
Tata Motors secures orders for over 3,400 eCVs across segments
Tata Motors announced that it has secured over 3,400 electric commercial vehicle (eCV) orders across segments, marking a significant inflection point in the mainstream adoption of electric mobility for both freight and passenger transport in India.
Tata Motors shares jump 2% after receiving order for 3,400 electric commercial vehicles
Tata Motors share price gained over 2% following a significant order for over 3,400 electric commercial vehicles, signaling a major shift towards electric mobility in India's transport sector. The orders span various vehicle types and industries, demonstrating growing customer trust. This expansion, supported by a robust EV portfolio and extensive operational experience, highlights the increasing adoption of electric solutions for freight, logistics, and passenger transport.
From buses to trucks, Tata Motors lands 3,400 EV orders across segments
Tata Motors has secured a significant boost with over 3,400 electric commercial vehicle orders, marking a major leap in India's zero-emission transport. These orders, covering small commercial vehicles, trucks, and buses, highlight growing business and public transport confidence in electric mobility for diverse applications like e-commerce, logistics, and heavy industries. This surge signals a strong shift towards sustainable transportation solutions across the nation.
Tata Motors secures over 3,400 electric commercial vehicle orders
Tata Motors has secured over 3,400 orders for electric commercial vehicles, signaling a significant shift in India's fleet operator adoption. These orders span across small commercial vehicles, trucks, and buses, destined for diverse sectors like e-commerce and logistics. This surge indicates a move beyond pilot projects towards large-scale integration of electric vehicles into daily commercial operations, with Tata Motors expanding its comprehensive EV solutions.
Bharat Forge arm partners US military vehicle maker AM General to offer mobile artillery systems worldwide
Kalyani Strategic Systems Ltd (KSSL), the defence subsidiary of Bharat Forge Ltd, has signed a strategic partnership agreement with US-based military vehicle manufacturer AM General at the Eurosatory defence exposition in Paris.
Tata Motors To Hike Commercial Vehicle Prices By 2.5% Amid Rising Input Costs
Tata Motors CV price hike will vary depending on the model and variant.