Connect with us
Saturday,22-February-2025
Breaking News

Business

EV push powers TaMo’s DVR, pent-up demand raises parent’s shares

Published

on

Tata-Motors

Automobile major Tata Motors’ parent co’s as well as DVR stocks are expected to make healthy gains on the back of Centre’s push towards electric vehicle-led economy and supporting macro-economic factors.

At present, Tata Motors has two listed stocks—Tata Motors ordinary and Tata Motors DVR. The primary difference between the two lies in the voting rights of their respective investors.

“Fundamentally we believe steam is still left for Tata Motors DVR and we might see more traction and upside in Tata Motors DVR. I expect more upside in Tata Motors DVR (Differential Voting Rights) compared to Tata Motors as it is available at attractive price and favorable valuations comparatively,” said Harsh Patidar, Senior Research Analyst at CapitalVia Global Research.

“Tata Motors DVR touched 4 year high and closed at 290.25 on Tuesday from a record low of 28.80 in March 2020 which is close to 10 times.”

At 1 p.m, the Tata Motors DVR stocks traded at 294.55 rupees, up 1.5 per cent, and the Tata Motors parent company’s shares traded at 533 rupees a share, up 2.7 per cent.

According to Santosh Meena, Head of Research at Swastika Investmart: “On the upside, it is likely to head towards 325 level on an immediate basis while 351 will be the next target level. Traders are advised to remain long till it trades above its 20-DMA where any dip around 270 will be a great buying opportunity while investors can continue to ride the current bullish momentum as it has potential for 30-40 per cent upside from here.”

Besides, both the stocks are expected to gain from the leverage of a possible electric vehicles’ boom and rising fuel prices bodes well for Tata Motors which has already launched EVs, analysts opined.

Tata Motors is one of the major players in the business. It has performed substantially better as far as growth in equity markets is concerned.

The company’s shares have rallied nearly 180 per cent so far this calendar year.

Besides, the Centre’s electric push is expected to make its scrip more attractive as the company plans to launch more EVs in the coming years.

At the recent conference of parties to the United Nations Framework Convention on Climate Change (UNFCCC) meet, Prime Minister Narendra Modi, declared that India will achieve net zero by 2070, and aims to take the country’s energy share through renewable sources to 50 per cent.

“I see Tata motors attractive as of current valuations… I believe the stock to cross Rs 650-mark in next few quarters and it is worth holding for mid-to-long term as it might unlock Tata Motor’s EV business,” Patidar said.

According to LKP Securities Senior Research Analyst Ashwin Patil: “Demand for commercial vehicles in domestic markets has gone up with greenshoots visible in the economy. Infrastructure, construction, mining and all these activities are gaining momentum.”

“That’s because the sales of commercial vehicles have been moving up on a sequential basis. That’s a very strong signal from the economy which is raising the sales in commercial vehicles.”

Furthermore, Patil mentioned that the new offerings by the company also seemed to have boosted the momentum.

In addition, Rahul Sharma, Co-Founder of Equity99 said: “Considering the current improvements in (semiconductor) chip shortage crises we expect a further good move in this counter.”

“We remain bullish on this counter and expect a price target of Rs 800 in short to medium term.”

The company expects demand for electric vehicles to remain strong even as concerns about the supply of semiconductors and high input costs continue, he added.

Executive Director at Tata Motors Girish Wagh, post the Q2 FY22 earnings results were declared, said: “We continue to progress our future-fit initiatives of transforming customer experience digitally and strengthening our lead in sustainable mobility.”

Recently, Tata Motors launched a SUV model ‘Tata Punch’ with a starting price of Rs 5.49 Lakh (ex-showroom Delhi), whose electric version reportedly would soon be launched in the market.

A substantial rise in fuel prices, climate change concerns from internal combustion engines, will typically incentivise new buyers to go for electric vehicles and hence fuel sentiment to the sector, experts added.

“Gradual improvement in the Semiconductor shortage issue would set the stage for strong jump in volumes for FY23,” said Milan Desai, Lead Equity Analyst at Angel One.

“As for the CV business, the company would benefit from rebound in demand after a painful past two years for the overall industry.”

Business

Tata Motors Unveils Limited-Edition Safari STEALTH to Mark 27 Years of Legacy

Published

on

Tata Motors is celebrating 27 years of the Safari with the launch of the exclusive STEALTH Edition, a limited-run variant designed for those who seek style and performance. Available in both the Harrier and Safari models, only 2,700 units of this edition will be produced. The Harrier STEALTH is priced at Rs 25.09 lakh (ex-showroom, Delhi), while the Safari STEALTH starts at Rs 25.74 lakh (ex-showroom, Delhi) and is offered in both 6- and 7-seater configurations. With a striking design, premium features, and advanced technology, the STEALTH Edition adds a new level of exclusivity to Tata’s SUV lineup.

The Tata STEALTH Edition brings a bold, monotone design that reflects the growing demand for exclusive and distinctive vehicles. With limited units available, this special edition is set to attract enthusiasts looking for a unique SUV. Bookings for the STEALTH Edition opened on February 21, both online and at Tata dealerships across India, giving customers the chance to own a rare and stylish addition to Tata’s lineup.

The Harrier and Safari STEALTH Edition stand out with their bold design and advanced features, built on the sturdy OMEGARC platform derived from Land Rover’s D8 architecture. The exclusive Matte Black finish, R19 Black Alloy Wheels, and a distinctive STEALTH mascot give these SUVs a powerful road presence. Inside, the cabin is designed for comfort with ventilated first- and second-row seats (Safari only for the second row), a Carbon-Noir interior theme, and a voice-assisted dual-zone climate control system.

Technology is a highlight, featuring a 31.24 cm Harman touchscreen, Arcade App Store, Alexa Home 2 Car, Map My India navigation, and a 10-speaker JBL audio system with Harman AudioworX. Power comes from a 2.0L KRYOTEC BS6 Phase 2 turbocharged engine producing 170PS, paired with a 6-speed automatic transmission. Safety is a priority, with Level 2+ ADAS offering 21 functions, including a segment-first Intelligent Speed Assist, along with 7 airbags and ESP with 17 safety features.

Unveiling this exciting new version of the Harrier and Safari, Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd., stated, “Tata Motors has been a leader in the Indian SUV segment, with innovation at its core. The Tata Safari, which introduced the concept of a lifestyle SUV to India, reflects this legacy of pioneering excellence. Over 27 remarkable years, the Safari has constantly evolved, and the launch of the STEALTH Edition is a tribute to this journey. This special edition is an exclusive offering, with only 2,700 units available in the striking STEALTH Matte Black finish. More than just an SUV, the STEALTH Edition is a symbol of prestige, adventure, and capability, making it a highly desirable collector’s item for enthusiasts and connoisseurs. Owning a STEALTH Edition isn’t just about having an extraordinary vehicle—it’s about claiming a piece of automotive history that many will aspire to have in their collection.”

Continue Reading

Business

Maruti Suzuki’s New Mid-Term Plan Aims To Make India An Export Hub, Launch More EVs

Published

on

New Delhi: The Suzuki Motor Corporation of Japan, the parent company of Maruti Suzuki India, on Thursday announced a new mid-term plan with a “rethink” in its strategy as “the business environment has changed due to declining market share in India” and the growing electrical vehicles segment.

In its new mid-term plan for 2025-30, the company has identified India as its “most important market”. Maruti Suzuki aims to create a manufacturing capacity of producing 4 million cars annually to reclaim a 50 per cent market share in India and use the country as a global export hub as well.

The auto major plans to expand its EV lineup starting with the e-Vitara, and is aiming to launch four new EV models by FY30 in a segment where its rivals like Tata Motors and Mahindra & Mahindra already have a varied EV portfolio in India.

“In India, we will promote further localisation in line with the growth of the electric vehicle market,” the company said.

Maruti Suzuki is currently exporting three lakh vehicles from India annually. By the end of this decade, it is targeting the export of 7.5-8 lakh units per year.

While the company noted it achieved revenue and profit targets ahead of schedule by improving sales mix and quality, its sales volume target could not be met.

It noted that the “competitive environment is becoming increasingly severe, and the quality of product functions, equipment and services required by customers is increasing”.

It aims to be India’s no.1 carmaker in terms of production, local sales and exports of electric cars. A total of six electric vehicles will be introduced by FY30, including four electric cars and two commercial vehicles.

Suzuki Motor plans to invest 1,200 billion yen (about Rs 7,000 crore) as capital expenditure towards production, new models, carbon neutrality and quality measures. A new plant in Haryana’s Kharkhoda and an assembly line in Suzuki Motor Gujarat will come onstream by 2030 for a total installed capacity of four million units.

Continue Reading

Business

‘Made in India’ iPhone 6e not SE variant but a next-gen entry point for consumers

Published

on

New Delhi, Feb 20: In a further push to the local manufacturing, the entire iPhone 16 lineup, including the newly-launched iPhone 16e, is now being assembled in India for domestic market as well as for exports, as industry experts on Thursday cleared the air around the new device being compared to now-retired iPhone SE.

The new Apple device, with A18 chip, breakthrough battery life, Apple Intelligence, and a 48MP 2-in-1 camera system, is being manufactured/assembled for local consumption as well as for export to select countries.

According to experts, iPhone 16e is not iPhone SE4 and the whole “comparison is futile”.

When iPhone SE was launched, it was another masterstroke at that time. However, times have changed since then.

“Essentially, Apple retired the SE lineup and extended the iPhone 16 lineup with a new entry point. iPhone SE was no longer adding any value to consumers, developers or Apple,” said Neil Shah, Partner and Co-Founder at Counterpoint Research.

The iPhone SE which was positioned as a “Special Edition,” which brought nostalgia of older and smaller design, was priced around $400.

However, the iPhone SE lost its value and popularity, which used to be once 16 per cent of the total iPhone sales volumes, dropped to 1 per cent last year.

According to Shah, consumers now prefer better cameras, bigger displays and faster processors.

“With all this background, what Apple did was to extend the 16 series with a newer ‘base version’ of iPhone 16 and now retired SE,” Shah explained.

According to industry experts, the company has done well with streamlining the series, reducing fragmentation in design and experience and able to charge $599 (US)/Rs 59,999 (India) with the newest entry point for the best Apple experiences.

Continue Reading

Trending