🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Tata Motors aims to match ICE rivals’ prices to revitalize its EV sales with new Curvv SUV | Mint

Livemint

Livemint · 1y ago

Tata Motors aims to match ICE rivals’ prices to revitalize its EV sales with new Curvv SUV | Mint

Tata Motors, India's largest passenger electric vehicle maker, has adopted an aggressive pricing strategy for its electric vehicles (EVs), matching them with prices of competing conventional vehicles. The move aims to boost the sales of Tata Motors' EVs amid a recent industry-wide decline in EV sales. The company's latest offering, the electric Curvv coupe SUV, is the first step in the plan to introduce more electric vehicles and move up the premium SUV segment. Tata Motors attributes the competitive pricing to decreasing battery costs and cost-saving measures.

Related News

Tata Motors looks beyond group to source EV batteries

Livemint

Livemint · 1y ago

Tata Motors looks beyond group to source EV batteries

Tata Motors will procure battery packs for its electric vehicles (EVs) from Octillion Power Systems in China, ending the practice of solely purchasing them from Tata AutoComp Systems. The decision comes as Tata Motors attempts to address performance issues and diversify its supply and technology base. The Curvv SUV will be the first Tata vehicle to use an external battery supplier since the launch of the Nexon EV in 2020. Octillion has installed a 2 GWh battery pack capacity in India and will provide battery packs for the 45 kWh variant of the Curvv EV.

Tata Motors pushes for e-taxi subsidy after exclusion from PM E-Drive

Livemint

Livemint · 11m ago

Tata Motors pushes for e-taxi subsidy after exclusion from PM E-Drive

Tata Motors is seeking the inclusion of e-taxis in the Indian government's electric vehicle (EV) subsidy scheme. Under the current scheme, e-taxis are not eligible for subsidies despite being a significant part of shared mobility. Tata Motors argues that e-taxis should be included due to their high CO2 emissions and the potential to replace them with EVs. The exclusion of e-taxis from subsidies has impacted Tata Motors' sales, with a 14% year-on-year decline in EV sales for the quarter ending June 2024.

Maruti Suzuki reports 3.9% decline in August sales, Tata Motors witnesses 8% dip | Mint

Livemint

Livemint · 12m ago

Maruti Suzuki reports 3.9% decline in August sales, Tata Motors witnesses 8% dip | Mint

Indian automobile manufacturers Maruti Suzuki and Tata Motors both reported declining sales for August 2024. Maruti Suzuki saw a 3.9% decline in sales, with a total of 181,782 units sold. Tata Motors reported an 8% reduction in sales, with a total of 70,006 units sold. Maruti Suzuki's decline was largely driven by a decrease in sales in the small car segment, while Tata Motors saw a decline in both commercial vehicle and passenger vehicle sales.

EV industry to grow up to 40% in 2024: Tata Motors

Livemint

Livemint · 1y ago

EV industry to grow up to 40% in 2024: Tata Motors

Tata Motors, the dominant player in India's electric passenger vehicle market, expects EV sales to grow by 30-40% in 2024. The company plans to launch three new EV models at different price points, ranging from ₹8-30 lakh. The passenger vehicle market is projected to see a 7-8% growth in 2023, while EV sales are projected to double. Tata Motors believes the lack of charging infrastructure is a major hurdle to EV adoption, but expects higher range vehicles and increased charging infrastructure investment to boost adoption. The company is also opening EV-exclusive showrooms and plans to open over 50 such stores in the next 12-18 months.

Tata Motors drives past Maruti, becomes most valued automaker

Livemint

Livemint · 1y ago

Tata Motors drives past Maruti, becomes most valued automaker

Tata Motors has surpassed Maruti Suzuki to become India's most valued automotive company, with a market capitalization of ₹3.15 trillion. The strong performance of its luxury vehicles arm, Jaguar Land Rover, and achieving free cash flow targets have contributed to Tata Motors' stock price rise of 9.4% in the last month. Analysts predict better operating margins in the upcoming third quarter earnings, driven by higher sales and a favorable mix of products. Tata Motors aims to grow its EV sales by 40% in 2024.

Weak July sales sour mood for auto stocks; Maruti Suzuki, Tata Motors, Eicher fall up to 3%

Money Control

Money Control · 1y ago

Weak July sales sour mood for auto stocks; Maruti Suzuki, Tata Motors, Eicher fall up to 3%

Auto sales for major automakers in July fell below market expectations, resulting in a decline in auto stock prices. Companies such as Maruti Suzuki, Tata Motors, Eicher Motors, Bajaj Auto, and Mahindra & Mahindra saw a drop in sales, dragging down the Nifty Auto index by nearly 2%. Royal Enfield saw an 8% decline in motorcycle sales, Tata Motors recorded an 11% drop in total sales, and Maruti Suzuki experienced a 5% decline in sales. However, Mahindra & Mahindra saw a slight increase in sales. The data indicates weakness in commercial vehicles and potential risks for passenger vehicles.

‘Buoyant Bharat’ boosts passenger vehicle & two-wheeler sales growth in February

Thehindubusinessline

Thehindubusinessline · 1y ago

‘Buoyant Bharat’ boosts passenger vehicle & two-wheeler sales growth in February

In February 2024, passenger vehicle (PV) sales in India saw growth, driven by robust demand for new models. Maruti, Hyundai, Tata, Mahindra, Toyota, and Honda all reported an increase in wholesale numbers. Maruti's domestic sales grew by 9%, with SUVs performing well, while Hyundai reported a 7% growth and saw increased rural penetration. Tata Motors' PV sales increased by 20%, led by strong SUV sales. In the two-wheeler segment, Hero MotoCorp witnessed a 19% increase in sales, while TVS Motor and Bajaj Auto reported growth as well. However, commercial vehicles and tractor sales declined during the same period.

M&M becomes 2nd largest automaker for the third consecutive month in April; Tata Motors, and Hyundai India trail - M&M becomes 2nd largest automaker for the third consecutive month in April; Tata Motors, and Hyundai India trail BusinessToday

Business Today

Business Today · 4m ago

M&M becomes 2nd largest automaker for the third consecutive month in April; Tata Motors, and Hyundai India trail - M&M becomes 2nd largest automaker for the third consecutive month in April; Tata Motors, and Hyundai India trail BusinessToday

In April, Mahindra & Mahindra retained its position as India's second-largest automaker for the third consecutive month. The renowned SUV manufacturer experienced a 28% year-on-year sales increase, achieving 52,330 units sold in the domestic market and a total of 54,860 vehicles when including exports. This growth highlights Mahindra & Mahindra's strong market presence, surpassing Tata Motors and Hyundai India.

Tata Motors to accelerate EV push; JLR tariff impact mitigated

Economic Times

Economic Times · 2m ago

Tata Motors to accelerate EV push; JLR tariff impact mitigated

Tata Motors is intensifying its electric vehicle (EV) focus, aiming for 30% penetration before 2030, with a solid existing portfolio and new models forthcoming. Their EVs comprised 15% of last year's sales, maintaining a market lead despite rising competition. Sourcing challenges for rare earth magnets have been managed, and tariff impacts on Jaguar Land Rover reduced. Upcoming plans include hydrogen buses, while Tata Motors continues its demerger process for listing passenger and commercial vehicles separately.

In April 2016 Elon Musk invited Indians to book Tesla Model 3s, now they’re asking for the money back as car never came… | Mint

Livemint

Livemint · 1y ago

In April 2016 Elon Musk invited Indians to book Tesla Model 3s, now they’re asking for the money back as car never came… | Mint

In 2016, Tesla opened preorders for its Model 3 in India. However, due to concerns about taxes and building a factory in the country, Tesla has yet to deliver cars in India. Other automakers have since launched their own electric vehicles (EVs) in India, and the EV market has evolved significantly. Tesla's position has also changed, with slowing sales and the need for more affordable cars. India's domestic auto market is dominated by Maruti Suzuki, Hyundai, and Tata Motors, and EV sales still represent a small portion of total car sales. To succeed in India, Tesla would need to build affordable EVs in the country and establish a robust charging network.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Microsoft locks down a building a ...

Google Alerts 2.5B Gmail Users Af ...

Download the medial app to read full posts, comements and news.