Tata Motors
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Tata Motors said 238,157,212 common shares of Iveco Group had been tendered in its voluntary offer, representing about 87.81% of the common capital and taking the offeror's holding to 89.42% net of treasury shares, with the threshold condition satisfied. The price stood at EUR14.40 per share cum dividend after a EUR0.30 increase on 9 October, for an aggregate countervalue of about EUR3.43 billion, with payment due on 30 October and a five-session reopening set for 2-6 November. The acceptance period ran from 7 September to 26 October, and about 35% had been tendered as of 22 October. The company listed its commercial-vehicles business as a pure-play entity in November 2025 after a demerger and reported consolidated revenue of about Rs83,900 crore in FY26. Iveco shareholders approved the back-end resolution at an extraordinary meeting on 16 October, which lowered the acceptance threshold to 80% of issued capital.
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Tata Motors said 238,157,212 common shares of Iveco Group had been tendered in its voluntary offer, representing about 87.81% of the common capital and taking the offeror's holding to 89.42% net of treasury shares, with the threshold condition satisfied. The price stood at EUR14.40 per share cum dividend after a EUR0.30 increase on 9 October, for an aggregate countervalue of about EUR3.43 billion, with payment due on 30 October and a five-session reopening set for 2-6 November. The acceptance period ran from 7 September to 26 October, and about 35% had been tendered as of 22 October. The company listed its commercial-vehicles business as a pure-play entity in November 2025 after a demerger and reported consolidated revenue of about Rs83,900 crore in FY26. Iveco shareholders approved the back-end resolution at an extraordinary meeting on 16 October, which lowered the acceptance threshold to 80% of issued capital.
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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Ujjaini Dutta
BENGALURU, Oct 9 (Reuters Breakingviews) - Few people know Tata Consultancy as well as N Chandrasekaran. He spent three decades at the $78 billion outsourcer, including eight years as CEO before becoming its chair and also taking charge of Tata Sons, the holding company of the wider Indian conglomerate. But with Chandra now at the centre of a power struggle at the salt-to-steel group, concerns over his bandwidth to steer the IT giant through AI disruption will surface.
The company's latest quarterly earnings on Thursday underscore the problem. Revenue for the three months to the end of September grew to about 732 billion rupees ($7.6 billion), up just 2.8% in constant currency terms. Though its annualised AI services revenue jumped 19% to $3.1 billion from the preceding three months, it accounts for just 10% of the top line. Tata Consultancy's TCS.NS deal pipeline at $9.6 billion was down 4% year-on-year. The net margin contracted 60 basis points to 19%.
To shore up growth, Chandra has stepped up his direct involvement in recent months. That has coincided with a flurry of unusual deals. In August, Tata Consultancy acquired Porsche's P911_p.DE automotive and consulting unit. Last week, it took over US consumer electronics retailer Best Buy’s BBY.N global capability centre in India. The IT firm has also pivoted into capital-intensive investments by building data centres, with OpenAI as one of the customers.
For Chandra to be a hands-on chair while the company confronts the AI challenge makes sense. He knows the company well, and Tata Consultancy is the conglomerate's cash engine, accounting for 89% of Tata Sons' profit for the 2026 financial year. Problem is, he is also chair at at least seven other group companies including Tata Steel TISC.NS, Tata Motors <TAMO.NS, TATM.NS, Tata Power TTPW.NS and Air India. With both the airline and the IT group in need of a big reset, Chandra already looked spread thin.
Now he's locked in an all-out war with Noel Tata, chair of Tata Trusts, which owns 66% of Tata Sons. Not only does that limit the time Chandra has to focus on the operating companies but it also raises a question mark over how long he'll be around to try. Tata Consultancy investors appear to favour him staying: shares fell when his position looked most threatened by the trusts and rebounded after Chandra dug in his heels.
Either way, it leaves K Krithivasan squarely with the job of seeing Tata Consultancy through the AI disruption and emerging from his predecessor's shadow. Since taking over as CEO in 2023, around the time the new tech cycle began disrupting IT services firms, Tata Consultancy's shares have lagged Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS. The shares rallied as much as 4% on Friday morning on faster AI revenue growth but that looks through a rather obvious key-man risk.
https://www.reuters.com/graphics/BRV-BRV/akpelnoaqvr/chart.png
Follow Ujjaini Dutta on LinkedIn and X.
CONTEXT NEWS
Tata Consultancy Services on October 8 reported revenue of 731.88 billion Indian rupees ($7.6 billion) in the quarter to the end of September 2026, up 11% year-on-year, or 2.8% in constant currency terms.
(Editing by Una Galani; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on DUTTA/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Ujjaini Dutta
BENGALURU, Oct 9 (Reuters Breakingviews) - Few people know Tata Consultancy as well as N Chandrasekaran. He spent three decades at the $78 billion outsourcer, including eight years as CEO before becoming its chair and also taking charge of Tata Sons, the holding company of the wider Indian conglomerate. But with Chandra now at the centre of a power struggle at the salt-to-steel group, concerns over his bandwidth to steer the IT giant through AI disruption will surface.
The company's latest quarterly earnings on Thursday underscore the problem. Revenue for the three months to the end of September grew to about 732 billion rupees ($7.6 billion), up just 2.8% in constant currency terms. Though its annualised AI services revenue jumped 19% to $3.1 billion from the preceding three months, it accounts for just 10% of the top line. Tata Consultancy's TCS.NS deal pipeline at $9.6 billion was down 4% year-on-year. The net margin contracted 60 basis points to 19%.
To shore up growth, Chandra has stepped up his direct involvement in recent months. That has coincided with a flurry of unusual deals. In August, Tata Consultancy acquired Porsche's P911_p.DE automotive and consulting unit. Last week, it took over US consumer electronics retailer Best Buy’s BBY.N global capability centre in India. The IT firm has also pivoted into capital-intensive investments by building data centres, with OpenAI as one of the customers.
For Chandra to be a hands-on chair while the company confronts the AI challenge makes sense. He knows the company well, and Tata Consultancy is the conglomerate's cash engine, accounting for 89% of Tata Sons' profit for the 2026 financial year. Problem is, he is also chair at at least seven other group companies including Tata Steel TISC.NS, Tata Motors <TAMO.NS, TATM.NS, Tata Power TTPW.NS and Air India. With both the airline and the IT group in need of a big reset, Chandra already looked spread thin.
Now he's locked in an all-out war with Noel Tata, chair of Tata Trusts, which owns 66% of Tata Sons. Not only does that limit the time Chandra has to focus on the operating companies but it also raises a question mark over how long he'll be around to try. Tata Consultancy investors appear to favour him staying: shares fell when his position looked most threatened by the trusts and rebounded after Chandra dug in his heels.
Either way, it leaves K Krithivasan squarely with the job of seeing Tata Consultancy through the AI disruption and emerging from his predecessor's shadow. Since taking over as CEO in 2023, around the time the new tech cycle began disrupting IT services firms, Tata Consultancy's shares have lagged Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS. The shares rallied as much as 4% on Friday morning on faster AI revenue growth but that looks through a rather obvious key-man risk.
https://www.reuters.com/graphics/BRV-BRV/akpelnoaqvr/chart.png
Follow Ujjaini Dutta on LinkedIn and X.
CONTEXT NEWS
Tata Consultancy Services on October 8 reported revenue of 731.88 billion Indian rupees ($7.6 billion) in the quarter to the end of September 2026, up 11% year-on-year, or 2.8% in constant currency terms.
(Editing by Una Galani; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on DUTTA/[email protected]))
Oct 7 (Reuters) - Jaguar Land Rover has unveiled its new Jaguar Type 01 electric car, with an ultra-long bonnet, no rear window and a wealth of technology, in New York as it targets the potential for growth in the US market.
The UK-based luxury carmaker, which is owned by India's Tata Motors TATM.NS, said the Type 01, an electric four-door GT car, in subtle, muted shades, with a starting price of $130,500, marks the "beginning of a new generation of Jaguar vehicles and a transformative new era".
The high price tag represents a gamble in the US, where enthusiasm for EVs has been lower than in Europe.
JLR, however, plans to sharpen its focus on its US customer base as Europe's automotive industry, particularly electric vehicles, has been pressured by competitively priced Chinese cars, tariff costs and disruptions from the US-Israeli war on Iran.
The Type 01's design harks back to the 1960s E-type Jaguar sports cars that have been treasured by collectors and follows on from the 2024 unveiling of the Jaguar Type 00 radical concept car in bright pink as part of the auto maker's brand relaunch.
The Type 00 and relaunch drew criticism from car enthusiasts and some politicians.
JLR is also seeking to recover from a cyberattack that halted production and disrupted suppliers last year. As part of a turnaround plan, it announced last month it would reduce nearly 10% of its workforce through voluntary redundancies over the next two years.
As part of the shakeup, it has committed to shifting its entire lineup to EVs, even though some industry executives have said they are unconvinced that wealthy car buyers want to go electric.
Earlier this year Ferrari’s first attempt at an EV was heavily criticised because it looks nothing like the Italian luxury automaker’s petrol models.
Last month Bentley unveiled its first EV, which will be priced at the bottom end of its range.
Lamborghini has ruled out an EV before the end of the decade and McLaren said last month it had no plans to go electric because customers have shown no interest in moving on from their petrol-engine models.
(Reporting by Simone Lobo in Bengaluru; editing by Barbara Lewis)
(([email protected], +919920570373))
Oct 7 (Reuters) - Jaguar Land Rover has unveiled its new Jaguar Type 01 electric car, with an ultra-long bonnet, no rear window and a wealth of technology, in New York as it targets the potential for growth in the US market.
The UK-based luxury carmaker, which is owned by India's Tata Motors TATM.NS, said the Type 01, an electric four-door GT car, in subtle, muted shades, with a starting price of $130,500, marks the "beginning of a new generation of Jaguar vehicles and a transformative new era".
The high price tag represents a gamble in the US, where enthusiasm for EVs has been lower than in Europe.
JLR, however, plans to sharpen its focus on its US customer base as Europe's automotive industry, particularly electric vehicles, has been pressured by competitively priced Chinese cars, tariff costs and disruptions from the US-Israeli war on Iran.
The Type 01's design harks back to the 1960s E-type Jaguar sports cars that have been treasured by collectors and follows on from the 2024 unveiling of the Jaguar Type 00 radical concept car in bright pink as part of the auto maker's brand relaunch.
The Type 00 and relaunch drew criticism from car enthusiasts and some politicians.
JLR is also seeking to recover from a cyberattack that halted production and disrupted suppliers last year. As part of a turnaround plan, it announced last month it would reduce nearly 10% of its workforce through voluntary redundancies over the next two years.
As part of the shakeup, it has committed to shifting its entire lineup to EVs, even though some industry executives have said they are unconvinced that wealthy car buyers want to go electric.
Earlier this year Ferrari’s first attempt at an EV was heavily criticised because it looks nothing like the Italian luxury automaker’s petrol models.
Last month Bentley unveiled its first EV, which will be priced at the bottom end of its range.
Lamborghini has ruled out an EV before the end of the decade and McLaren said last month it had no plans to go electric because customers have shown no interest in moving on from their petrol-engine models.
(Reporting by Simone Lobo in Bengaluru; editing by Barbara Lewis)
(([email protected], +919920570373))
By Jayshree P Upadhyay
MUMBAI, Oct 6 (Reuters) - Four trustees of the Tata charities that control the group have accused two fellow trustees of breaking with their long-held opposition to listing Tata Sons, two sources familiar with a letter sent on Monday said, deepening a dispute at the top of the $277 billion Tata empire.
Tata Sons, the holding company of 26 publicly listed Tata Group companies, is at the centre of a dispute with Tata Trusts, which owns 66% of the company.
In the letter to trustees Venu Srinivasan and Vijay Singh, Noel Tata, his son Neville Tata, senior lawyer Darius Khambata and longtime Tata executive Bhaskar Bhat said exploring ways to keep Tata Sons unlisted was consistent with positions previously approved by the seven charitable trusts that control the company, the sources, who read out contents of the letter to Reuters, said.
The letter was dated October 5, they added. The sources declined to be named as the contents of the letter are not public.
Srinivasan and Singh did not immediately respond to text messages seeking comment. A spokesperson for Tata Trusts did not respond to an email seeking comments.
The authors of the letter have argued the issue of keeping Tata Sons unlisted had been debated and endorsed on multiple occasions and said a recent proposal to restructure Tata Sons was being considered after India's central bank rejected the conglomerate's request for an exemption from rules that would require it to list, the two sources said.
"They also said that trust was not interfering in the affairs of Sons and only voicing opinions on company's listing as controlling shareholders," one of the two sources said.
Reuters reported last week that fault lines had emerged among trustees over proposals that could allow Tata Sons to avoid a stock market listing, while separate complaints have also raised broader governance concerns within the trusts.
(Reporting by Jayshree P Upadhyay; Editing by Nivedita Bhattacharjee)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
By Jayshree P Upadhyay
MUMBAI, Oct 6 (Reuters) - Four trustees of the Tata charities that control the group have accused two fellow trustees of breaking with their long-held opposition to listing Tata Sons, two sources familiar with a letter sent on Monday said, deepening a dispute at the top of the $277 billion Tata empire.
Tata Sons, the holding company of 26 publicly listed Tata Group companies, is at the centre of a dispute with Tata Trusts, which owns 66% of the company.
In the letter to trustees Venu Srinivasan and Vijay Singh, Noel Tata, his son Neville Tata, senior lawyer Darius Khambata and longtime Tata executive Bhaskar Bhat said exploring ways to keep Tata Sons unlisted was consistent with positions previously approved by the seven charitable trusts that control the company, the sources, who read out contents of the letter to Reuters, said.
The letter was dated October 5, they added. The sources declined to be named as the contents of the letter are not public.
Srinivasan and Singh did not immediately respond to text messages seeking comment. A spokesperson for Tata Trusts did not respond to an email seeking comments.
The authors of the letter have argued the issue of keeping Tata Sons unlisted had been debated and endorsed on multiple occasions and said a recent proposal to restructure Tata Sons was being considered after India's central bank rejected the conglomerate's request for an exemption from rules that would require it to list, the two sources said.
"They also said that trust was not interfering in the affairs of Sons and only voicing opinions on company's listing as controlling shareholders," one of the two sources said.
Reuters reported last week that fault lines had emerged among trustees over proposals that could allow Tata Sons to avoid a stock market listing, while separate complaints have also raised broader governance concerns within the trusts.
(Reporting by Jayshree P Upadhyay; Editing by Nivedita Bhattacharjee)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
Sept 29 (Reuters) - Tata Sons Pvt Ltd TATO.NS:
S&P BULLETIN: TATA SONS' POTENTIAL LISTING AND LEADERSHIP TRANSITION COULD RESHAPE GROUP CREDIT
S&P BULLETIN: LEADERSHIP TRANSITION OR CHANGES IN TATA GROUP STRUCTURE MAY RAISE QUESTIONS AROUND CONTINUITY OF GROUP'S STRATEGY AND FINANCIAL POLICY
S&P BULLETIN: A ROUTINE LISTING OF TATA SONS IN ITS CURRENT FORM SHOULD BE NEUTRAL FOR TATA GROUP COMPANIES
Source text: [ID:]
Further company coverage: TATO.NS
(([email protected];;))
Sept 29 (Reuters) - Tata Sons Pvt Ltd TATO.NS:
S&P BULLETIN: TATA SONS' POTENTIAL LISTING AND LEADERSHIP TRANSITION COULD RESHAPE GROUP CREDIT
S&P BULLETIN: LEADERSHIP TRANSITION OR CHANGES IN TATA GROUP STRUCTURE MAY RAISE QUESTIONS AROUND CONTINUITY OF GROUP'S STRATEGY AND FINANCIAL POLICY
S&P BULLETIN: A ROUTINE LISTING OF TATA SONS IN ITS CURRENT FORM SHOULD BE NEUTRAL FOR TATA GROUP COMPANIES
Source text: [ID:]
Further company coverage: TATO.NS
(([email protected];;))
Corrects dateline to Sept 25
Sept 25 (Reuters) - KKR-backed KKR.N electric bus maker PMI Electro Mobility Solutions has confidentially filed draft papers for an initial public offering in Mumbai, a newspaper advertisement showed on Friday.
Founded in 2017, PMI Electro Mobility is an electric commercial vehicle manufacturer with a fleet of 3,300 e-buses across 34 cities in India.
US private equity firm KKR had earlier this year invested around $310 million in PMI Electro Mobility Solutions and its e-bus platform Allfleet India.
PMI Electro competes with listed rivals Olectra Greentech OLEC.NS JBM Auto JBMA.NS and Tata Motors TATM.NS in India.
Under India's confidential filing process, companies can submit draft IPO documents to the market regulator without making them public, allowing them to shield sensitive financial and business information while seeking regulatory feedback.
(Reporting by Sathvi G Bhat in Bengaluru; Editing by Perla Velasco)
Corrects dateline to Sept 25
Sept 25 (Reuters) - KKR-backed KKR.N electric bus maker PMI Electro Mobility Solutions has confidentially filed draft papers for an initial public offering in Mumbai, a newspaper advertisement showed on Friday.
Founded in 2017, PMI Electro Mobility is an electric commercial vehicle manufacturer with a fleet of 3,300 e-buses across 34 cities in India.
US private equity firm KKR had earlier this year invested around $310 million in PMI Electro Mobility Solutions and its e-bus platform Allfleet India.
PMI Electro competes with listed rivals Olectra Greentech OLEC.NS JBM Auto JBMA.NS and Tata Motors TATM.NS in India.
Under India's confidential filing process, companies can submit draft IPO documents to the market regulator without making them public, allowing them to shield sensitive financial and business information while seeking regulatory feedback.
(Reporting by Sathvi G Bhat in Bengaluru; Editing by Perla Velasco)
Updates graphic, adds analyst comments, share close; paragraphs 10-13
By Surbhi Misra and Bharath Rajeswaran
Sept 18 (Reuters) - Shares of India's Tata Group companies lost $4 billion in market value on Friday, as investors reacted to heightened uncertainty over the potential listing and leadership of holding company Tata Sons, following a public dispute.
The selloff followed Tata Sons' decision on Thursday to reappoint Chairman N. Chandrasekaran for five years and move towards complying with RBI rules that could require a listing, despite opposition from its 66% shareholder, Tata Trusts.
The moves deepened a dispute over governance and succession, raising concerns about capital allocation, leadership uncertainty and the impact of a potential Tata Sons listing on the group's structure.
About 383.61 billion rupees ($4.00 billion) was erased from the combined market value of listed Tata Group companies on Friday, from about $268.5 billion at Thursday's close, Reuters calculations based on exchange data showed.
Shares of flagship Tata Consultancy Services TCS.NS closed down 3.88%, while Tata Chemicals TTCH.NS slumped 11.04% and Tata Motors Passenger Vehicles TAMO.NS fell 3.4%.
Tata Elxsi TTEX.NS dropped 3.4% and Tata Investment Corporation TINV.NS lost 2.55%, and Tata Steel TISC.NS slipped 0.93%.
Some group stocks bucked the trend, with Tata Capital TATC.NS rising 2.42%, Tata Power TTPW.NS gaining 1.57% and Tata Motors TATM.NS adding 1.56%.
Friday's declines reversed some of Thursday's gains in group stocks that followed news of Chandrasekaran's reappointment.
Governance concerns were weighing on sentiment towards Tata Group stocks, although individual companies remain exposed to their own industry-specific fundamentals, said Mayank Jain, market analyst at Share.Market by PhonePe.
Tata Trusts has called Chandrasekaran's reappointment "illegal" under Tata Sons' articles and opposed a listing, exposing a widening divide over the future structure of the 158-year-old conglomerate.
Chandrasekaran's reappointment "further displayed" divisions within the boardroom, said independent market analyst Ambareesh Baliga.
Separately, Tata Trusts said Shapoorji Pallonji Group, Tata Sons' second-largest shareholder, had proposed monetising part of its 18.4% stake through a two-tranche buyout that would yield at least $2.61 billion over 18 months.
On Friday, SP Group backed a potential Tata Sons listing.
($1=95.8725 Indian rupees)
(Reporting by Surbhi Misra and Bharath Rajeswaran in Bengaluru; Writing by Chandini Monnappa; Editing by Sonia Cheema and Clarence Fernandez)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Updates graphic, adds analyst comments, share close; paragraphs 10-13
By Surbhi Misra and Bharath Rajeswaran
Sept 18 (Reuters) - Shares of India's Tata Group companies lost $4 billion in market value on Friday, as investors reacted to heightened uncertainty over the potential listing and leadership of holding company Tata Sons, following a public dispute.
The selloff followed Tata Sons' decision on Thursday to reappoint Chairman N. Chandrasekaran for five years and move towards complying with RBI rules that could require a listing, despite opposition from its 66% shareholder, Tata Trusts.
The moves deepened a dispute over governance and succession, raising concerns about capital allocation, leadership uncertainty and the impact of a potential Tata Sons listing on the group's structure.
About 383.61 billion rupees ($4.00 billion) was erased from the combined market value of listed Tata Group companies on Friday, from about $268.5 billion at Thursday's close, Reuters calculations based on exchange data showed.
Shares of flagship Tata Consultancy Services TCS.NS closed down 3.88%, while Tata Chemicals TTCH.NS slumped 11.04% and Tata Motors Passenger Vehicles TAMO.NS fell 3.4%.
Tata Elxsi TTEX.NS dropped 3.4% and Tata Investment Corporation TINV.NS lost 2.55%, and Tata Steel TISC.NS slipped 0.93%.
Some group stocks bucked the trend, with Tata Capital TATC.NS rising 2.42%, Tata Power TTPW.NS gaining 1.57% and Tata Motors TATM.NS adding 1.56%.
Friday's declines reversed some of Thursday's gains in group stocks that followed news of Chandrasekaran's reappointment.
Governance concerns were weighing on sentiment towards Tata Group stocks, although individual companies remain exposed to their own industry-specific fundamentals, said Mayank Jain, market analyst at Share.Market by PhonePe.
Tata Trusts has called Chandrasekaran's reappointment "illegal" under Tata Sons' articles and opposed a listing, exposing a widening divide over the future structure of the 158-year-old conglomerate.
Chandrasekaran's reappointment "further displayed" divisions within the boardroom, said independent market analyst Ambareesh Baliga.
Separately, Tata Trusts said Shapoorji Pallonji Group, Tata Sons' second-largest shareholder, had proposed monetising part of its 18.4% stake through a two-tranche buyout that would yield at least $2.61 billion over 18 months.
On Friday, SP Group backed a potential Tata Sons listing.
($1=95.8725 Indian rupees)
(Reporting by Surbhi Misra and Bharath Rajeswaran in Bengaluru; Writing by Chandini Monnappa; Editing by Sonia Cheema and Clarence Fernandez)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Sept 17 (Reuters) - India's Tata Trusts said on Thursday it has not agreed to the listing of Tata Sons and asked the conglomerate's holding company to explore all available options other than a public listing.
Earlier in the day, Reuters reported that the board of Tata Sons said it would consider a listing, after the Reserve Bank of India rejected its request for an exemption from rules requiring it to list.
(Reporting by Nishit Navin; Editing by Shilpi Majumdar)
(([email protected];))
Sept 17 (Reuters) - India's Tata Trusts said on Thursday it has not agreed to the listing of Tata Sons and asked the conglomerate's holding company to explore all available options other than a public listing.
Earlier in the day, Reuters reported that the board of Tata Sons said it would consider a listing, after the Reserve Bank of India rejected its request for an exemption from rules requiring it to list.
(Reporting by Nishit Navin; Editing by Shilpi Majumdar)
(([email protected];))
By Gopika Gopakumar
MUMBAI, Sept 15 (Reuters) - The Reserve Bank of India (RBI) — the country's central bank and banking regulator — has pre-emptively approached the courts seeking to be heard in any matter filed related to the listing of Tata Sons, a source directly familiar with the matter said.
The move follows the RBI's rejection of Tata Sons' application to deregister as a non-banking financial company (NBFC), a decision that pushes the holding company closer to a stock market listing. Reuters reported on Saturday that the RBI had communicated its decision in a letter to Tata Sons.
Factions within the group have resisted a listing, according to local media reports.
The RBI has filed what in legal parlance is known as a 'caveat' in the Bombay High Court which will allow the central bank to be heard if a petitioner challenges its decision or seeks a stay, the source said, declining to be identified as they are not authorised to speak to the media.
This was done "as a routine measure to ensure it is heard in any proceedings challenging the decision or seeking a stay," the source said.
RBI and Tata Sons did not reply to emailed requests for comment from Reuters.
Tata Sons, the century-old holding company of the Tata Group, has businesses including Tata Consultancy Services TCS.NS, Tata Motors TATM.NS, Tata Steel TISC.NS and Air India.
Shares of group companies rose on Tuesday.
It falls under the RBI's purview as it is currently registered as a core investment company.
Under RBI rules, all non-bank financiers including core investment companies with assets exceeding 1 trillion rupees ($10.45 billion) or access to public funds are required to list.
Tata Sons reported standalone assets of 1.75 trillion rupees as of March 2025, the latest data available.
(Reporting by Gopika Gopakumar; Editing by Muralikumar Anantharaman)
(([email protected];))
By Gopika Gopakumar
MUMBAI, Sept 15 (Reuters) - The Reserve Bank of India (RBI) — the country's central bank and banking regulator — has pre-emptively approached the courts seeking to be heard in any matter filed related to the listing of Tata Sons, a source directly familiar with the matter said.
The move follows the RBI's rejection of Tata Sons' application to deregister as a non-banking financial company (NBFC), a decision that pushes the holding company closer to a stock market listing. Reuters reported on Saturday that the RBI had communicated its decision in a letter to Tata Sons.
Factions within the group have resisted a listing, according to local media reports.
The RBI has filed what in legal parlance is known as a 'caveat' in the Bombay High Court which will allow the central bank to be heard if a petitioner challenges its decision or seeks a stay, the source said, declining to be identified as they are not authorised to speak to the media.
This was done "as a routine measure to ensure it is heard in any proceedings challenging the decision or seeking a stay," the source said.
RBI and Tata Sons did not reply to emailed requests for comment from Reuters.
Tata Sons, the century-old holding company of the Tata Group, has businesses including Tata Consultancy Services TCS.NS, Tata Motors TATM.NS, Tata Steel TISC.NS and Air India.
Shares of group companies rose on Tuesday.
It falls under the RBI's purview as it is currently registered as a core investment company.
Under RBI rules, all non-bank financiers including core investment companies with assets exceeding 1 trillion rupees ($10.45 billion) or access to public funds are required to list.
Tata Sons reported standalone assets of 1.75 trillion rupees as of March 2025, the latest data available.
(Reporting by Gopika Gopakumar; Editing by Muralikumar Anantharaman)
(([email protected];))
Tata Motors scheduled a physical group meeting with 12 analysts and institutional investors for September 22, 2026, at 10:00 a.m. IST. The participants included Temasek Holdings, Alliance Bernstein, Goldman Sachs Proprietary Services and several asset managers. A similar physical group meeting with analysts and investors was scheduled for September 2. The commercial-vehicle business reported Q1 FY27 consolidated revenue of ₹19,667 crore and an EBITDA margin of 11.7%.
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Tata Motors scheduled a physical group meeting with 12 analysts and institutional investors for September 22, 2026, at 10:00 a.m. IST. The participants included Temasek Holdings, Alliance Bernstein, Goldman Sachs Proprietary Services and several asset managers. A similar physical group meeting with analysts and investors was scheduled for September 2. The commercial-vehicle business reported Q1 FY27 consolidated revenue of ₹19,667 crore and an EBITDA margin of 11.7%.
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Sept 7 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
Far-right AfD surges to first place in German state elections
Trump envoys hold talks with Zelenskyy in Kyiv after meeting Putin in Moscow
Jaguar Land Rover plans up to 4,000 job cuts as Chinese rivals pile on pressure
UBS demands new junior bankers show AI proficiency
Overview
The Alternative for Germany (AfD) surged into first place in state elections in Saxony-Anhalt on Sunday, exit polls showed, putting a far-right party within reach of power at the state level for the first time since World War Two.
Tata Motors TATM.NS -owned Jaguar Land Rover is planning to cut as many as 4,000 jobs over the next two years as the British carmaker slashes costs in response to pressure from cheaper Chinese rivals.
U.S. peace envoys Jared Kushner and Steve Witkoff held talks Ukrainian President Volodymyr Zelenskiy in Kyiv on Sunday as the Trump administration renewed its push to end Russia's four-and-a-half-year war in Ukraine.
UBS UBSG.S is demanding that prospective junior investment bankers show proficiency in AI as a hiring requirement.
(Compiled by Bengaluru newsroom)
Sept 7 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
Far-right AfD surges to first place in German state elections
Trump envoys hold talks with Zelenskyy in Kyiv after meeting Putin in Moscow
Jaguar Land Rover plans up to 4,000 job cuts as Chinese rivals pile on pressure
UBS demands new junior bankers show AI proficiency
Overview
The Alternative for Germany (AfD) surged into first place in state elections in Saxony-Anhalt on Sunday, exit polls showed, putting a far-right party within reach of power at the state level for the first time since World War Two.
Tata Motors TATM.NS -owned Jaguar Land Rover is planning to cut as many as 4,000 jobs over the next two years as the British carmaker slashes costs in response to pressure from cheaper Chinese rivals.
U.S. peace envoys Jared Kushner and Steve Witkoff held talks Ukrainian President Volodymyr Zelenskiy in Kyiv on Sunday as the Trump administration renewed its push to end Russia's four-and-a-half-year war in Ukraine.
UBS UBSG.S is demanding that prospective junior investment bankers show proficiency in AI as a hiring requirement.
(Compiled by Bengaluru newsroom)
On 3 September, Italy's Consob approved the offer document for Tata Motors' voluntary tender offer, through TML CV Holdings B.V., for all common shares of Iveco Group. The acceptance period was set to run from 7 September to 26 October 2026, unless extended, at a consideration of €14.10 per share including dividend. Payment was scheduled for 30 October, with a possible five-day reopening from 2 to 6 November and payment on 13 November. Tata Motors announced the all-cash offer at a value of €3.8bn in July 2025, while UK FCA, Bank of Spain and ECB authorisations had been obtained by 1 September. The publication and distribution arrangements for the offer document were to be covered in a subsequent press release.
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On 3 September, Italy's Consob approved the offer document for Tata Motors' voluntary tender offer, through TML CV Holdings B.V., for all common shares of Iveco Group. The acceptance period was set to run from 7 September to 26 October 2026, unless extended, at a consideration of €14.10 per share including dividend. Payment was scheduled for 30 October, with a possible five-day reopening from 2 to 6 November and payment on 13 November. Tata Motors announced the all-cash offer at a value of €3.8bn in July 2025, while UK FCA, Bank of Spain and ECB authorisations had been obtained by 1 September. The publication and distribution arrangements for the offer document were to be covered in a subsequent press release.
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The following factors could affect Italian markets on Wednesday.
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
DEBT
Italy posted a state sector budget deficit of €12.3 billion ($14.25 billion) in August compared to a shortfall of €204 million in the same month last year, the Treasury said in a statement on Tuesday.
COMPANIES
(*) LOTTOMATICA LTMC.MI
The Italian betting firm will take over Spain's Cirsa CIRSA.MC to create a global gaming player whose top shareholder will be U.S. private equity firm Blackstone BX.N, the two companies said on Wednesday.
(*) SNAM SRG.MI
Italian firms F2i, Edison EDNn.MI and Retina Biometano have been admitted to the final stage of the sale process for Bioenerys, the biomethane unit of the Italian gas grid operator, Il Sole 24 Ore reported on Wednesday. Retina Biometano is reportedly interested in acquiring the whole of Bioenerys, while F2i and Edison are interested in different units of the company, Il Sole added.
(*) ENEL ENEI.MI
Three Indian companies - Purvah Green Power, Inox Clean Energy and Hexa Climate Solutions - have submitted binding bids to acquire 100% of Enel Green Power India, Enel's Indian renewable energy unit, MF daily reported on Wednesday, citing local sources.
Purvah Green Power is a unit of Indian power utility CESC CESC.NS.
(*) AVIO AVI.MI
Berenberg on Wednesday initiated coverage of the rocket maker with a 'hold' rating and a target price of €33.
INTESA SANPAOLO ISP.MI, MONTE DEI PASCHI BMPS.MI
Italy's largest bank does not expect its buyout offer for Monte dei Paschi di Siena to be hampered by defence bids mounted by its takeover target or by clarifications sought by the markets watchdog, a person close to the matter said on Tuesday.
IVECO IVG.MI
The truck-maker said on Tuesday that all prior regulatory approvals had been obtained in connection with the offer launched for it by India's Tata Motors.
STELLANTIS STLAM.MI
The Franco-Italian automaker's new car sales in Italy rose 6.1% in August, the Italian transport ministry reported on Tuesday, outperforming a 3.15% increase in overall Italian car registrations during the month.
BPER BANCA EMII.MI
The lender said on Tuesday it would launch on Sept 2 its share buyback programme and the early termination of the Total Return Swap (TRS) on BPER shares. As part of the programme, BPER ordinary shares may be purchased not exceeding 3% of its share capital, for a maximum total value of €750 million.
LEONARDO LDOF.MI
The Italian defence company on Tuesday named Stefano Villanti as managing director of its helicopters division.
The list of companies comprising Italy's blue chip FTSE MIB stock index is due to be updated on Wednesday.
For Italian market data and news, click on codes in
brackets:
20 biggest gainers (in percentage).............PG.MI
20 biggest losers (in percentage)..............PL.MI
FTSE IT allshare index .FTITLMS
FTSE Mib index........ .FTMIB
FTSE Allstars index... .FTSTAR
FTSE Mid Cap index.... .FTITMC
Stories on Italy...... IT-LEN
For pan-European market data and news, click on codes in
brackets:
European Equities speed guide...................EUR/EQUITY
FTSEurofirst 300 index...............................FTEU3
DJ STOXX index.......................................STOXX
Top 10 STOXX sectors............................PGL.STOXXS
Top 10 EUROSTOXX sectors.......................PGL.STOXXES
Top 10 Eurofirst 300 sectors....................PGL.FTEU3S
Top 25 European pct gainers........................PG.PEUR
Top 25 European pct losers.........................PL.PEUR
Main stock markets:
Dow Jones................DJI Wall Street report ......N
Nikkei 225..............N225 Tokyo report.............T
FTSE 100................FTSE London report............L
Xetra DAX..............GDAXI Frankfurt market stories.F
CAC-40..................FCHI Paris market stories....PA
World Indices.....................................0#.INDEX
Reuters survey of world bourse outlook.........EQUITYPOLL1
Western European IPO diary..........................WEUIPO
European Asset Allocation........................EUR/ASSET
Reuters News at a Glance: Equities...............TOP/EQE
Main currency report:...............................FRX/
The following factors could affect Italian markets on Wednesday.
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
DEBT
Italy posted a state sector budget deficit of €12.3 billion ($14.25 billion) in August compared to a shortfall of €204 million in the same month last year, the Treasury said in a statement on Tuesday.
COMPANIES
(*) LOTTOMATICA LTMC.MI
The Italian betting firm will take over Spain's Cirsa CIRSA.MC to create a global gaming player whose top shareholder will be U.S. private equity firm Blackstone BX.N, the two companies said on Wednesday.
(*) SNAM SRG.MI
Italian firms F2i, Edison EDNn.MI and Retina Biometano have been admitted to the final stage of the sale process for Bioenerys, the biomethane unit of the Italian gas grid operator, Il Sole 24 Ore reported on Wednesday. Retina Biometano is reportedly interested in acquiring the whole of Bioenerys, while F2i and Edison are interested in different units of the company, Il Sole added.
(*) ENEL ENEI.MI
Three Indian companies - Purvah Green Power, Inox Clean Energy and Hexa Climate Solutions - have submitted binding bids to acquire 100% of Enel Green Power India, Enel's Indian renewable energy unit, MF daily reported on Wednesday, citing local sources.
Purvah Green Power is a unit of Indian power utility CESC CESC.NS.
(*) AVIO AVI.MI
Berenberg on Wednesday initiated coverage of the rocket maker with a 'hold' rating and a target price of €33.
INTESA SANPAOLO ISP.MI, MONTE DEI PASCHI BMPS.MI
Italy's largest bank does not expect its buyout offer for Monte dei Paschi di Siena to be hampered by defence bids mounted by its takeover target or by clarifications sought by the markets watchdog, a person close to the matter said on Tuesday.
IVECO IVG.MI
The truck-maker said on Tuesday that all prior regulatory approvals had been obtained in connection with the offer launched for it by India's Tata Motors.
STELLANTIS STLAM.MI
The Franco-Italian automaker's new car sales in Italy rose 6.1% in August, the Italian transport ministry reported on Tuesday, outperforming a 3.15% increase in overall Italian car registrations during the month.
BPER BANCA EMII.MI
The lender said on Tuesday it would launch on Sept 2 its share buyback programme and the early termination of the Total Return Swap (TRS) on BPER shares. As part of the programme, BPER ordinary shares may be purchased not exceeding 3% of its share capital, for a maximum total value of €750 million.
LEONARDO LDOF.MI
The Italian defence company on Tuesday named Stefano Villanti as managing director of its helicopters division.
The list of companies comprising Italy's blue chip FTSE MIB stock index is due to be updated on Wednesday.
For Italian market data and news, click on codes in
brackets:
20 biggest gainers (in percentage).............PG.MI
20 biggest losers (in percentage)..............PL.MI
FTSE IT allshare index .FTITLMS
FTSE Mib index........ .FTMIB
FTSE Allstars index... .FTSTAR
FTSE Mid Cap index.... .FTITMC
Stories on Italy...... IT-LEN
For pan-European market data and news, click on codes in
brackets:
European Equities speed guide...................EUR/EQUITY
FTSEurofirst 300 index...............................FTEU3
DJ STOXX index.......................................STOXX
Top 10 STOXX sectors............................PGL.STOXXS
Top 10 EUROSTOXX sectors.......................PGL.STOXXES
Top 10 Eurofirst 300 sectors....................PGL.FTEU3S
Top 25 European pct gainers........................PG.PEUR
Top 25 European pct losers.........................PL.PEUR
Main stock markets:
Dow Jones................DJI Wall Street report ......N
Nikkei 225..............N225 Tokyo report.............T
FTSE 100................FTSE London report............L
Xetra DAX..............GDAXI Frankfurt market stories.F
CAC-40..................FCHI Paris market stories....PA
World Indices.....................................0#.INDEX
Reuters survey of world bourse outlook.........EQUITYPOLL1
Western European IPO diary..........................WEUIPO
European Asset Allocation........................EUR/ASSET
Reuters News at a Glance: Equities...............TOP/EQE
Main currency report:...............................FRX/
Tata Motors’ indirect wholly owned subsidiary, TML CV Holdings B.V., obtained all prior sector regulatory authorisations required for its voluntary tender offer for all common shares of Iveco Group. The European Central Bank issued the final authorisation on September 1 for the offeror’s indirect qualifying holdings in IC Financial Services SA and CNH Industrial Capital Europe S.A.S., both in France. The UK Financial Conduct Authority had approved the relevant change in control in January, while the Bank of Spain issued its non-opposition in June. The offer document was due to be published after Consob completed its review. The all-cash €3.8bn offer was announced in July 2025 and was for Iveco’s issued common shares.
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Tata Motors’ indirect wholly owned subsidiary, TML CV Holdings B.V., obtained all prior sector regulatory authorisations required for its voluntary tender offer for all common shares of Iveco Group. The European Central Bank issued the final authorisation on September 1 for the offeror’s indirect qualifying holdings in IC Financial Services SA and CNH Industrial Capital Europe S.A.S., both in France. The UK Financial Conduct Authority had approved the relevant change in control in January, while the Bank of Spain issued its non-opposition in June. The offer document was due to be published after Consob completed its review. The all-cash €3.8bn offer was announced in July 2025 and was for Iveco’s issued common shares.
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Sept 1 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS - TOTAL SALES IN AUGUST AT 44,411 UNITS
Source text: ID:nBSE9sQhtf
Further company coverage: TATM.NS
(([email protected];;))
Sept 1 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS - TOTAL SALES IN AUGUST AT 44,411 UNITS
Source text: ID:nBSE9sQhtf
Further company coverage: TATM.NS
(([email protected];;))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Aug 21 (Reuters Breakingviews) - India's most respected conglomerate has an opportunity to take an important step forward. In a bid to improve governance, charitable trusts controlling the $280 billion Tata salt-to-IT group formally split ownership from management in 2022 by giving Tata Sons, the unlisted holding company, its own chair. The fractious departure of the latest person to hold that position, N. Chandrasekaran, suggests the reform fell short. If the trusts' ultimate goal is to maximise income to fund their philanthropic mandate, they should resist reimposing central control and give the next chair greater authority.
Set up by founder Jamsetji Tata in 1892, the Tata Trusts are a cluster of charities aiming to advance social and economic development. Their activities, ranging from building hospitals to sponsoring sports in India's hinterland, are financed through dividends drawn from their 66% stake in Tata Sons. This income grew more than 11-fold during the four years ended March 31 to 29.4 billion rupees ($307.24 million). The charity work, and the founder's insistence that Tata group companies look after employees to a high standard, has made its brand synonymous with public service.
In the long term, however, indirectly owning large or majority stakes in some 31 companies ranging from $87 billion Tata Consultancy Services TCS.NS to $18 billion Tata Motors TATM.NS may not be the best way for the trusts to fund their mission. A true arm's-length separation between the charities and the holding company, with the latter making minority investments like a pension or sovereign fund, may be more lucrative.
The current structure is the worst of all worlds because it has allowed the trusts to cling onto power. The two main charities don't just nominate one-third of directors on Tata Sons' board, they also hold veto rights over its decisions. Any investment of more than 1 billion rupees ($10.45 million) gets kicked up to the board, a threshold so low that the charities have the final say over most spending.
As a result, the trusts have someone to blame if they don't like performance but are not delegating enough power for the holding company chair to maximise returns. It has led to bizarre decisions that jeopardise the charities' future income, such as the purchase of struggling carrier Air India from the government. By contrast, the not-for-profit foundation Robert Bosch Stiftung has no influence on the strategic or business orientation of Germany's Bosch despite owning 94%.
Tata is much more complex and no corporate structure is immune to boardroom clashes of the sort that culminated in Chandra's exit. The root of his departure revolved around a unique disagreement over whether to list the holding company, which would fundamentally change the group's structure. Nonetheless, now that he's on the way out, the trusts have an opportunity to reflect on how best to fulfill their philanthropic mandate.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
Tata Trusts, the charities controlling India's Tata group of companies, said on August 13 that trustees of the Sir Dorabji Tata Trust have passed a resolution to set up a selection committee to recommend a new Chairman for Tata Sons. N. Chandrasekaran on August 12 said he would not offer himself for a third term as chair of Tata Sons, citing the absence of unanimous support from the board for his re-appointment.
(Editing by Una Galani; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Aug 21 (Reuters Breakingviews) - India's most respected conglomerate has an opportunity to take an important step forward. In a bid to improve governance, charitable trusts controlling the $280 billion Tata salt-to-IT group formally split ownership from management in 2022 by giving Tata Sons, the unlisted holding company, its own chair. The fractious departure of the latest person to hold that position, N. Chandrasekaran, suggests the reform fell short. If the trusts' ultimate goal is to maximise income to fund their philanthropic mandate, they should resist reimposing central control and give the next chair greater authority.
Set up by founder Jamsetji Tata in 1892, the Tata Trusts are a cluster of charities aiming to advance social and economic development. Their activities, ranging from building hospitals to sponsoring sports in India's hinterland, are financed through dividends drawn from their 66% stake in Tata Sons. This income grew more than 11-fold during the four years ended March 31 to 29.4 billion rupees ($307.24 million). The charity work, and the founder's insistence that Tata group companies look after employees to a high standard, has made its brand synonymous with public service.
In the long term, however, indirectly owning large or majority stakes in some 31 companies ranging from $87 billion Tata Consultancy Services TCS.NS to $18 billion Tata Motors TATM.NS may not be the best way for the trusts to fund their mission. A true arm's-length separation between the charities and the holding company, with the latter making minority investments like a pension or sovereign fund, may be more lucrative.
The current structure is the worst of all worlds because it has allowed the trusts to cling onto power. The two main charities don't just nominate one-third of directors on Tata Sons' board, they also hold veto rights over its decisions. Any investment of more than 1 billion rupees ($10.45 million) gets kicked up to the board, a threshold so low that the charities have the final say over most spending.
As a result, the trusts have someone to blame if they don't like performance but are not delegating enough power for the holding company chair to maximise returns. It has led to bizarre decisions that jeopardise the charities' future income, such as the purchase of struggling carrier Air India from the government. By contrast, the not-for-profit foundation Robert Bosch Stiftung has no influence on the strategic or business orientation of Germany's Bosch despite owning 94%.
Tata is much more complex and no corporate structure is immune to boardroom clashes of the sort that culminated in Chandra's exit. The root of his departure revolved around a unique disagreement over whether to list the holding company, which would fundamentally change the group's structure. Nonetheless, now that he's on the way out, the trusts have an opportunity to reflect on how best to fulfill their philanthropic mandate.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
Tata Trusts, the charities controlling India's Tata group of companies, said on August 13 that trustees of the Sir Dorabji Tata Trust have passed a resolution to set up a selection committee to recommend a new Chairman for Tata Sons. N. Chandrasekaran on August 12 said he would not offer himself for a third term as chair of Tata Sons, citing the absence of unanimous support from the board for his re-appointment.
(Editing by Una Galani; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
Tata Trusts control 66% of one of India's oldest groups
Investors could worry, trustee Vijay Singh tells Reuters
Says Tata Trusts are "largely hands off", however
Tata stocks lose $4.6 billion in value on exit news but recover
Succession question comes as Tata struggles to turn around Air India
By Aditi Shah and Jayshree P Upadhyay
NEW DELHI, Aug 13 (Reuters) - The exit of the chairman of Tata Sons from India's storied tea-to-tech conglomerate may pause bitter disputes with its controlling charity, but has ignited worries about the power of the philanthropic arm, which has now forced out two chiefs.
The departure of N. Chandrasekaran has raised concern over the continuity and stability of the 158-year-old group battling with losses in aviation and e-commerce ventures, while working to make products for global clients like Apple AAPL.O.
"If I am an investor, I would be worried," said Vijay Singh, one of the trustees at Tata Trusts, the charity that controls 66% of Tata Sons, the holding company of the conglomerate.
"Stability of the group is important for investors and that depends on the relationship between the company and its largest shareholder," he told Reuters.
The sole reason for Chandrasekaran's resignation is his disagreements with Tata Trusts, Reuters has reported.
The charity and its head, Noel Tata, had been upset about mounting financial losses at airline Air India and concerns about several other business strategies adopted by the group.
The conglomerate comprises more than two dozen companies such as Tata Motors-owned TAMO.NS Jaguar Land Rover, Tata Steel TISC.NS, Tata Consultancy Services TCS.NS and Tata Electronics, which have their own boards and leadership.
Singh said the charity followed a "hands-off approach" regarding business at the group, but some investors were getting worried.
"It's more a reputational issue," said Minari Shah, an independent strategic communications adviser, who previously worked at Tata Motors.
"The need is to lay out the succession plan thoughtfully because the internal and external stakeholders will watch the group carefully to see how it deals with the leadership."
In 2016, Tata Sons' board sacked its then-chairman, after he fell out over governance issues with group patriarch Ratan Tata, one of India's best-known corporate titans, who headed the charity arm before his death in 2024.
Now Chandrasekaran's exit, prompted by disagreements with the current Trust chairman Noel Tata, the half-brother of Ratan Tata, is raising concerns that such disruptions could become a recurring feature at the group.
Established in 1892, the charity says it is "India's oldest, and amongst Asia's largest, philanthropic institutions", working to improve healthcare, nutrition, education, water and sanitation.
"We extend our full support to Tata Sons in ensuring a smooth, timely and orderly transition of leadership, consistent with the values and long-term interests of Tata Sons and the Tata group," the Tata Trusts said in a statement.
BIGGEST CONCERN FOR INVESTORS
Stocks of Tata group lost $4.6 billion in combined market value on the news of Chandrasekaran's exit, before staging a recovery late on Thursday.
Over the years, Tata has built a sprawling business through the acquisition of brands such as British tea firm Tetley, a recent deal with Europe-based Iveco's IVG.MI trucks business and its India partnership with Starbucks SBUX.O.
The biggest concern for investors now is whether Tata Sons can independently set priorities for group companies, or if it will continue to be influenced by Trust priorities, two domestic institutional investors told Reuters on condition of anonymity.
"Succession has once again become a topic of conversation at a time when Tata is facing a number of other challenges - TCS' market cap is falling, Air India troubles (are mounting)," said one of them.
"A stable top was needed while Tatas navigate these challenges."
Foreign and domestic institutional investors together have an estimated $54 to $56 billion of exposure across five of Tata's most-watched listed companies, exchange disclosures showed.
During Chandra's tenure, investor wealth has grown with the combined market capitalisation of Tata companies rising to $277 billion by March 31 from $76 billion when he became chairman in 2017.
(Reporting by Aditi Shah and Jayshree Upadhyay; Additional reporting by Chandini M, Sai Ishwar and Bharath Rajeswaran in Bengaluru and Vibhuti Sharma in Mumbai; Editing by Aditya Kalra and Clarence Fernandez)
Tata Trusts control 66% of one of India's oldest groups
Investors could worry, trustee Vijay Singh tells Reuters
Says Tata Trusts are "largely hands off", however
Tata stocks lose $4.6 billion in value on exit news but recover
Succession question comes as Tata struggles to turn around Air India
By Aditi Shah and Jayshree P Upadhyay
NEW DELHI, Aug 13 (Reuters) - The exit of the chairman of Tata Sons from India's storied tea-to-tech conglomerate may pause bitter disputes with its controlling charity, but has ignited worries about the power of the philanthropic arm, which has now forced out two chiefs.
The departure of N. Chandrasekaran has raised concern over the continuity and stability of the 158-year-old group battling with losses in aviation and e-commerce ventures, while working to make products for global clients like Apple AAPL.O.
"If I am an investor, I would be worried," said Vijay Singh, one of the trustees at Tata Trusts, the charity that controls 66% of Tata Sons, the holding company of the conglomerate.
"Stability of the group is important for investors and that depends on the relationship between the company and its largest shareholder," he told Reuters.
The sole reason for Chandrasekaran's resignation is his disagreements with Tata Trusts, Reuters has reported.
The charity and its head, Noel Tata, had been upset about mounting financial losses at airline Air India and concerns about several other business strategies adopted by the group.
The conglomerate comprises more than two dozen companies such as Tata Motors-owned TAMO.NS Jaguar Land Rover, Tata Steel TISC.NS, Tata Consultancy Services TCS.NS and Tata Electronics, which have their own boards and leadership.
Singh said the charity followed a "hands-off approach" regarding business at the group, but some investors were getting worried.
"It's more a reputational issue," said Minari Shah, an independent strategic communications adviser, who previously worked at Tata Motors.
"The need is to lay out the succession plan thoughtfully because the internal and external stakeholders will watch the group carefully to see how it deals with the leadership."
In 2016, Tata Sons' board sacked its then-chairman, after he fell out over governance issues with group patriarch Ratan Tata, one of India's best-known corporate titans, who headed the charity arm before his death in 2024.
Now Chandrasekaran's exit, prompted by disagreements with the current Trust chairman Noel Tata, the half-brother of Ratan Tata, is raising concerns that such disruptions could become a recurring feature at the group.
Established in 1892, the charity says it is "India's oldest, and amongst Asia's largest, philanthropic institutions", working to improve healthcare, nutrition, education, water and sanitation.
"We extend our full support to Tata Sons in ensuring a smooth, timely and orderly transition of leadership, consistent with the values and long-term interests of Tata Sons and the Tata group," the Tata Trusts said in a statement.
BIGGEST CONCERN FOR INVESTORS
Stocks of Tata group lost $4.6 billion in combined market value on the news of Chandrasekaran's exit, before staging a recovery late on Thursday.
Over the years, Tata has built a sprawling business through the acquisition of brands such as British tea firm Tetley, a recent deal with Europe-based Iveco's IVG.MI trucks business and its India partnership with Starbucks SBUX.O.
The biggest concern for investors now is whether Tata Sons can independently set priorities for group companies, or if it will continue to be influenced by Trust priorities, two domestic institutional investors told Reuters on condition of anonymity.
"Succession has once again become a topic of conversation at a time when Tata is facing a number of other challenges - TCS' market cap is falling, Air India troubles (are mounting)," said one of them.
"A stable top was needed while Tatas navigate these challenges."
Foreign and domestic institutional investors together have an estimated $54 to $56 billion of exposure across five of Tata's most-watched listed companies, exchange disclosures showed.
During Chandra's tenure, investor wealth has grown with the combined market capitalisation of Tata companies rising to $277 billion by March 31 from $76 billion when he became chairman in 2017.
(Reporting by Aditi Shah and Jayshree Upadhyay; Additional reporting by Chandini M, Sai Ishwar and Bharath Rajeswaran in Bengaluru and Vibhuti Sharma in Mumbai; Editing by Aditya Kalra and Clarence Fernandez)
Aug 12 (Reuters) - Tata Motors Ltd TATM.NS:
Q1 PROFIT 15.28 BILLION RUPEES
Q1 TOTAL REVENUE FROM OPERATIONS 193.29 BILLION RUPEES
ONE-TIME CHARGE OF 1 BILLION RUPEES IN Q1
IVECO UPDATE, REGULATORY APPROVALS ARE IN FINAL STAGE, WITH ONLY ONE PENDING APPROVAL
IVECO FINAL CLEARANCE EXPECTED END OF AUGUST 2026, TENDER OFFER EXPECTED TO BE LAUNCHED IN EARLY SEPTEMBER
Source text: ID:nnAZN4TDIH9
Further company coverage: TATM.NS
(([email protected];;))
Aug 12 (Reuters) - Tata Motors Ltd TATM.NS:
Q1 PROFIT 15.28 BILLION RUPEES
Q1 TOTAL REVENUE FROM OPERATIONS 193.29 BILLION RUPEES
ONE-TIME CHARGE OF 1 BILLION RUPEES IN Q1
IVECO UPDATE, REGULATORY APPROVALS ARE IN FINAL STAGE, WITH ONLY ONE PENDING APPROVAL
IVECO FINAL CLEARANCE EXPECTED END OF AUGUST 2026, TENDER OFFER EXPECTED TO BE LAUNCHED IN EARLY SEPTEMBER
Source text: ID:nnAZN4TDIH9
Further company coverage: TATM.NS
(([email protected];;))
RBI keeps Tata Sons in top tier of NBFCs
Says move won't affect pending licence surrender application.
Decision leaves unresolved whether Tata Sons will ultimately be required to list
Rewrites with comments from source, background
By Nishit Navin and Gopika Gopakumar
Aug 6 (Reuters) - The Reserve Bank of India on Thursday kept Tata Sons under enhanced regulatory supervision but said that would not affect the holding company's pending application to surrender its non-banking finance licence, leaving uncertainty over whether it will eventually have to list its shares.
Tata Sons, the principal investment holding company of the $400-billion Tata Group, was first classified as an upper-layer non-banking financial company (NBFC) in 2022. Under RBI rules, such entities are required to list within three years, although the regulator did not clarify whether that requirement applies while Tata Sons' deregistration request remains under review.
To avoid a listing, Tata Sons repaid its debt and applied about two years ago to surrender its NBFC licence. The application is still being considered by the central bank.
A person familiar with the RBI's thinking said the regulator is unlikely to require Tata Sons to list while the application remains pending, even though the three-year timeline has elapsed.
"Technically if you see Tata Sons has to follow all the regulation and if you look at even the listing, RBI will consider it as overdue. Since the application is yet to be disposed of, RBI will not push them to enforce these regulations," said the source familiar with the matter
The RBI and Tata Sons did not immediately respond to a Reuters request for comment. RBI Governor Sanjay Malhotra said on Wednesday that Tata Sons continued to be classified as an upper-layer NBFC because the framework governing such entities was "principle-based".
Upper-layer NBFCs are considered large and systemically important financial institutions and are subject to enhanced regulatory oversight. Tata Sons remains in the category because its asset size exceeds the stipulated 10 trillion rupees ($105 billion) threshold.
The outcome is significant because the Tata Trusts own about 66% of Tata Sons. A public listing could affect funding for the trusts' philanthropic activities and its investments in unlisted businesses, and alter the ownership structure of one of India's largest conglomerates.
Pressure for a listing has also come from Tata Sons' second-largest shareholder, the Shapoorji Pallonji Group, which wants to monetise or exit its holding as it seeks to reduce debt estimated at 5.5 trillion rupees to 6 trillion rupees.
Tata Sons owns Air India, Tata Digital and Tata Electronics, alongside stakes in listed companies including Tata Consultancy Services TCS.NS and Tata Steel TISC.NS.
($1 = 95.2200 Indian rupees)
(Reporting by Nishit Navin and Gopika Gopakumar. Editing by Sonia Cheema and Mark Potter)
(([email protected];))
RBI keeps Tata Sons in top tier of NBFCs
Says move won't affect pending licence surrender application.
Decision leaves unresolved whether Tata Sons will ultimately be required to list
Rewrites with comments from source, background
By Nishit Navin and Gopika Gopakumar
Aug 6 (Reuters) - The Reserve Bank of India on Thursday kept Tata Sons under enhanced regulatory supervision but said that would not affect the holding company's pending application to surrender its non-banking finance licence, leaving uncertainty over whether it will eventually have to list its shares.
Tata Sons, the principal investment holding company of the $400-billion Tata Group, was first classified as an upper-layer non-banking financial company (NBFC) in 2022. Under RBI rules, such entities are required to list within three years, although the regulator did not clarify whether that requirement applies while Tata Sons' deregistration request remains under review.
To avoid a listing, Tata Sons repaid its debt and applied about two years ago to surrender its NBFC licence. The application is still being considered by the central bank.
A person familiar with the RBI's thinking said the regulator is unlikely to require Tata Sons to list while the application remains pending, even though the three-year timeline has elapsed.
"Technically if you see Tata Sons has to follow all the regulation and if you look at even the listing, RBI will consider it as overdue. Since the application is yet to be disposed of, RBI will not push them to enforce these regulations," said the source familiar with the matter
The RBI and Tata Sons did not immediately respond to a Reuters request for comment. RBI Governor Sanjay Malhotra said on Wednesday that Tata Sons continued to be classified as an upper-layer NBFC because the framework governing such entities was "principle-based".
Upper-layer NBFCs are considered large and systemically important financial institutions and are subject to enhanced regulatory oversight. Tata Sons remains in the category because its asset size exceeds the stipulated 10 trillion rupees ($105 billion) threshold.
The outcome is significant because the Tata Trusts own about 66% of Tata Sons. A public listing could affect funding for the trusts' philanthropic activities and its investments in unlisted businesses, and alter the ownership structure of one of India's largest conglomerates.
Pressure for a listing has also come from Tata Sons' second-largest shareholder, the Shapoorji Pallonji Group, which wants to monetise or exit its holding as it seeks to reduce debt estimated at 5.5 trillion rupees to 6 trillion rupees.
Tata Sons owns Air India, Tata Digital and Tata Electronics, alongside stakes in listed companies including Tata Consultancy Services TCS.NS and Tata Steel TISC.NS.
($1 = 95.2200 Indian rupees)
(Reporting by Nishit Navin and Gopika Gopakumar. Editing by Sonia Cheema and Mark Potter)
(([email protected];))
Aug 1 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS LTD: TATA MOTORS REGISTERED 37% GROWTH YOY WITH TOTAL SALES OF 39,641 COMMERCIAL VEHICLE UNITS IN JULY 2026
Source text: [ID:]
Further company coverage: TATM.NS
(([email protected];))
Aug 1 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS LTD: TATA MOTORS REGISTERED 37% GROWTH YOY WITH TOTAL SALES OF 39,641 COMMERCIAL VEHICLE UNITS IN JULY 2026
Source text: [ID:]
Further company coverage: TATM.NS
(([email protected];))
July 30 (Reuters) - Iveco Group NV IVG.MI:
Q2 REVENUES OF INDUSTRIAL ACTIVITIES EUR 3.70 BILLION
TATA MOTORS’ TENDER OFFER EXPECTED TO BE LAUNCHED IN EARLY SEPTEMBER 2026 WITH CLOSURE ENVISAGED BY EARLY NOVEMBER 2026
Q2 ADJUSTED NET PROFIT EUR 46 MILLION
Q2 ADJUSTED EBIT OF INDUSTRIAL ACTIVITIES EUR 104 MILLION
Q2 INDUSTRIAL ACTIVIES FREE CASH FLOW NEGATIVE AT EUR 45 MILLION
FINAL CLEARANCE FOR TATA MOTORS BID EXPECTED TO BE RECEIVED BY END OF AUGUST 2026
Further company coverage: IVG.MI
(Reporting by Gdansk Newsroom)
(([email protected]; +48587696600;))
July 30 (Reuters) - Iveco Group NV IVG.MI:
Q2 REVENUES OF INDUSTRIAL ACTIVITIES EUR 3.70 BILLION
TATA MOTORS’ TENDER OFFER EXPECTED TO BE LAUNCHED IN EARLY SEPTEMBER 2026 WITH CLOSURE ENVISAGED BY EARLY NOVEMBER 2026
Q2 ADJUSTED NET PROFIT EUR 46 MILLION
Q2 ADJUSTED EBIT OF INDUSTRIAL ACTIVITIES EUR 104 MILLION
Q2 INDUSTRIAL ACTIVIES FREE CASH FLOW NEGATIVE AT EUR 45 MILLION
FINAL CLEARANCE FOR TATA MOTORS BID EXPECTED TO BE RECEIVED BY END OF AUGUST 2026
Further company coverage: IVG.MI
(Reporting by Gdansk Newsroom)
(([email protected]; +48587696600;))
July 14 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS AND UCO BANK PARTNER FOR COMMERCIAL VEHICLE FINANCING - STATEMENT
Source text: [ID:]
Further company coverage: TATM.NS
(([email protected];;))
July 14 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS AND UCO BANK PARTNER FOR COMMERCIAL VEHICLE FINANCING - STATEMENT
Source text: [ID:]
Further company coverage: TATM.NS
(([email protected];;))
By Saikeerthi .
July 9 (Reuters) - Indian tyre maker JK Tyre & Industries JKIN.NS expects to raise product prices by 11%-13% by the end of the first half of fiscal 2027 to offset rising input costs, its finance chief said, joining rivals in passing on higher expenses to customers.
The hikes reflect pressure across the auto-parts sector after an oil price rally linked to the Middle East conflict drove up the cost of petroleum-based inputs, energy and freight.
"Prices (of raw materials) have gone through the roof and for us, it went up by almost over 20%. So, that has impacted business in this quarter," JK Tyre CFO Sanjeev Aggarwal told Reuters on Wednesday, citing West Asia tensions, transport disruption and supply-chain constraints.
The company, which counts leading car makers Maruti Suzuki India MRTI.NS and Tata Motors TATM.NS among its customers, had said in May it planned a 5%-6% price increase.
Raw materials such as natural rubber, synthetic rubber, carbon black and steel make up about two-thirds of JK Tyre's expenses.
Aggarwal said JK Tyre had rolled out price increases every month in the first quarter, with a small part of the planned rise implemented in June and the rest due in coming months.
The move brings it into line with rivals Apollo Tyres APLO.NS and CEAT CEAT.NS, which have also raised prices. Top Indian car makers have also passed on costs to customers.
Industry data released earlier this month showed vehicle sales rose 21.8% in June, signalling strong demand across passenger and commercial vehicles and giving tyre makers more room to pass on higher costs.
(Reporting by Saikeerthi in Bengaluru; Editing by Chandini Monnappa and Subhranshu Sahu)
(([email protected]; (+91) 8296756080))
By Saikeerthi .
July 9 (Reuters) - Indian tyre maker JK Tyre & Industries JKIN.NS expects to raise product prices by 11%-13% by the end of the first half of fiscal 2027 to offset rising input costs, its finance chief said, joining rivals in passing on higher expenses to customers.
The hikes reflect pressure across the auto-parts sector after an oil price rally linked to the Middle East conflict drove up the cost of petroleum-based inputs, energy and freight.
"Prices (of raw materials) have gone through the roof and for us, it went up by almost over 20%. So, that has impacted business in this quarter," JK Tyre CFO Sanjeev Aggarwal told Reuters on Wednesday, citing West Asia tensions, transport disruption and supply-chain constraints.
The company, which counts leading car makers Maruti Suzuki India MRTI.NS and Tata Motors TATM.NS among its customers, had said in May it planned a 5%-6% price increase.
Raw materials such as natural rubber, synthetic rubber, carbon black and steel make up about two-thirds of JK Tyre's expenses.
Aggarwal said JK Tyre had rolled out price increases every month in the first quarter, with a small part of the planned rise implemented in June and the rest due in coming months.
The move brings it into line with rivals Apollo Tyres APLO.NS and CEAT CEAT.NS, which have also raised prices. Top Indian car makers have also passed on costs to customers.
Industry data released earlier this month showed vehicle sales rose 21.8% in June, signalling strong demand across passenger and commercial vehicles and giving tyre makers more room to pass on higher costs.
(Reporting by Saikeerthi in Bengaluru; Editing by Chandini Monnappa and Subhranshu Sahu)
(([email protected]; (+91) 8296756080))
Rewrites throughout with comments from president of auto dealers' body
By Kashish Tandon
July 6 (Reuters) - India's appetite for electric, hybrid and compressed natural gas vehicles accelerated after the Iran war triggered fuel price hikes, the president of the country's auto dealers' body said, with such models reaching a record share of passenger vehicle sales in June.
Alternative-fuel vehicles accounted for 40.35% of PV retail sales in June, up from about 38% a month earlier, as consumers increasingly sought cheaper running costs after petrol and diesel prices were raised several times in May.
"We need to watch whether this is an emotional knee-jerk reaction from customers or whether this growth is here to stay," C.S. Vigneshwar, president of the Federation of Automobile Dealers Associations (FADA), told Reuters on Monday.
Overall vehicle sales rose 21.8% to a record 2.6 million units, with PV sales rising 28.6% year-on-year to 410,853 units.
Among PVs, CNG models accounted for 24.3% of total sales, while hybrids made up 8.3% and electric vehicles 7.8%.
Industry leader Maruti Suzuki MRTI.NS said last month that bookings for its CNG cars jumped 40% since the fuel price hikes.
The share of electric vehicles among overall two-wheeler sales rose to 10.6%, hitting the double-digit mark for the first time, according to FADA.
While the worst of the crude shock and supply chain disruptions from the Iran war seemed to be over, a return to complete normalcy could still take "a few quarters" and may involve some cost implications, said Vigneshwar.
(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich, Mrigank Dhaniwala and Janane Venkatraman)
(([email protected]; 8800437922;))
Rewrites throughout with comments from president of auto dealers' body
By Kashish Tandon
July 6 (Reuters) - India's appetite for electric, hybrid and compressed natural gas vehicles accelerated after the Iran war triggered fuel price hikes, the president of the country's auto dealers' body said, with such models reaching a record share of passenger vehicle sales in June.
Alternative-fuel vehicles accounted for 40.35% of PV retail sales in June, up from about 38% a month earlier, as consumers increasingly sought cheaper running costs after petrol and diesel prices were raised several times in May.
"We need to watch whether this is an emotional knee-jerk reaction from customers or whether this growth is here to stay," C.S. Vigneshwar, president of the Federation of Automobile Dealers Associations (FADA), told Reuters on Monday.
Overall vehicle sales rose 21.8% to a record 2.6 million units, with PV sales rising 28.6% year-on-year to 410,853 units.
Among PVs, CNG models accounted for 24.3% of total sales, while hybrids made up 8.3% and electric vehicles 7.8%.
Industry leader Maruti Suzuki MRTI.NS said last month that bookings for its CNG cars jumped 40% since the fuel price hikes.
The share of electric vehicles among overall two-wheeler sales rose to 10.6%, hitting the double-digit mark for the first time, according to FADA.
While the worst of the crude shock and supply chain disruptions from the Iran war seemed to be over, a return to complete normalcy could still take "a few quarters" and may involve some cost implications, said Vigneshwar.
(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich, Mrigank Dhaniwala and Janane Venkatraman)
(([email protected]; 8800437922;))
By Dhwani Pandya
MUMBAI, July 4 (Reuters) - Indian government and auto industry officials on Saturday defended the mandatory rollout of petrol blended with 20% ethanol, saying years of testing and service data showed no evidence of widespread vehicle damage, despite public concerns over lower fuel efficiency and engine safety.
The fuel, known as E20, has faced rising criticism on social media in recent days, with motorists questioning whether older vehicles designed for lower ethanol blends could suffer corrosion, wear or reduced performance.
Automakers including Maruti Suzuki MRTI.NS, Hero MotorCorp HROM.NS and Toyota Kirloskar Motor said even older vehicles can run safely on E20. Maruti Suzuki, India's largest carmaker, said it had serviced more than 15 million older cars over the past two years that were not certified for E20 and found no fuel-related problems.
"As a manufacturer, we have tested E10 cars which were prevalent before 2023 on E20 fuel for all parameters and we have not found anything of concern," Rahul Bharti, Maruti Suzuki's senior executive officer for corporate affairs, said at a joint press conference with government officials.
Industry officials acknowledged a minor trade-off: E20 reduces fuel efficiency by about 3-3.5% because of its lower energy content. However, they said the fuel's higher octane rating can help carmakers design future engines with higher compression ratios, which could improve performance, torque, drivability and even fuel efficiency.
Officials also rejected viral claims that E20 had caused engine failures, saying at least one widely shared case was linked to contaminated fuel rather than standard E20.
They added that E20 is the highest ethanol blend currently tested for regular petrol vehicles and said any move to higher blends would need fresh trials.
(Reporting by Dhwani Pandya. Editing by Mark Potter)
(([email protected];))
By Dhwani Pandya
MUMBAI, July 4 (Reuters) - Indian government and auto industry officials on Saturday defended the mandatory rollout of petrol blended with 20% ethanol, saying years of testing and service data showed no evidence of widespread vehicle damage, despite public concerns over lower fuel efficiency and engine safety.
The fuel, known as E20, has faced rising criticism on social media in recent days, with motorists questioning whether older vehicles designed for lower ethanol blends could suffer corrosion, wear or reduced performance.
Automakers including Maruti Suzuki MRTI.NS, Hero MotorCorp HROM.NS and Toyota Kirloskar Motor said even older vehicles can run safely on E20. Maruti Suzuki, India's largest carmaker, said it had serviced more than 15 million older cars over the past two years that were not certified for E20 and found no fuel-related problems.
"As a manufacturer, we have tested E10 cars which were prevalent before 2023 on E20 fuel for all parameters and we have not found anything of concern," Rahul Bharti, Maruti Suzuki's senior executive officer for corporate affairs, said at a joint press conference with government officials.
Industry officials acknowledged a minor trade-off: E20 reduces fuel efficiency by about 3-3.5% because of its lower energy content. However, they said the fuel's higher octane rating can help carmakers design future engines with higher compression ratios, which could improve performance, torque, drivability and even fuel efficiency.
Officials also rejected viral claims that E20 had caused engine failures, saying at least one widely shared case was linked to contaminated fuel rather than standard E20.
They added that E20 is the highest ethanol blend currently tested for regular petrol vehicles and said any move to higher blends would need fresh trials.
(Reporting by Dhwani Pandya. Editing by Mark Potter)
(([email protected];))
July 3 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS - CO AND WELSPUN RENEWABLE ENERGY PARTNER TO DEVELOP 86 MW WIND-SOLAR HYBRID PROJECT
Further company coverage: TATM.NS
(([email protected];;))
July 3 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS - CO AND WELSPUN RENEWABLE ENERGY PARTNER TO DEVELOP 86 MW WIND-SOLAR HYBRID PROJECT
Further company coverage: TATM.NS
(([email protected];;))
** Shares of Tata Motors TATM.NS rise nearly 3% to 434.80 rupees
** Commercial vehicle maker reports Q1 FY27 total sales up 27% y/y, while June 2026 sales rise 35% y/y
** Co expects sales momentum to continue, supported by auto and port logistics, e-commerce and core sectors; adds monsoon and commodity costs remain key monitorables
** Trading volume at 9.62 million shares vs 30-day average of 10.28 million
** TATM rated "buy" on average by 20 analysts, median PT at 460 rupees - data compiled by LSEG
** YTD stock up about 5%
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
** Shares of Tata Motors TATM.NS rise nearly 3% to 434.80 rupees
** Commercial vehicle maker reports Q1 FY27 total sales up 27% y/y, while June 2026 sales rise 35% y/y
** Co expects sales momentum to continue, supported by auto and port logistics, e-commerce and core sectors; adds monsoon and commodity costs remain key monitorables
** Trading volume at 9.62 million shares vs 30-day average of 10.28 million
** TATM rated "buy" on average by 20 analysts, median PT at 460 rupees - data compiled by LSEG
** YTD stock up about 5%
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
June 29 (Reuters) - Castrol India Ltd CAST.NS:
CASTROL INDIA LTD - TATA MOTORS AND CASTROL INDIA COLLABORATE
Source text: [ID:]
Further company coverage: CAST.NS
(([email protected];))
June 29 (Reuters) - Castrol India Ltd CAST.NS:
CASTROL INDIA LTD - TATA MOTORS AND CASTROL INDIA COLLABORATE
Source text: [ID:]
Further company coverage: CAST.NS
(([email protected];))
** Tata Motors TATM.NS says on investor day it targets 40% domestic CV market share by FY28 versus 35.7% in FY26; guides for double-digit EBITDA margins through the cycle
** Shares rise 3.7% to 414.65 rupees as analysts say firm better placed structurally, helped by market-share gains, stronger products, cost discipline and expansion into services, digital, exports and alternative powertrains
ANALYSTS BACK OUTLOOK AMID SLOWDOWN BLUES
** HSBC ("Buy", PT: 490 rupees) says near-term demand remains robust, but flags the scale of a likely second-half slowdown as the key factor to monitor
** BofA ("Buy", PO: 515 rupees) says Tata Motors is broadening its moat beyond vehicle sales through lifecycle revenues, technology investments and global diversification
** Nomura ("Neutral", PT: 402 rupees) likes the digital and technology push, but remains concerned about Iveco's weak recent performance
** UBS ("Buy", PT: 555 rupees) says sharper execution and cost discipline could drive durable profitability gains
(Reporting by Mridula Kumar in Bengaluru)
** Tata Motors TATM.NS says on investor day it targets 40% domestic CV market share by FY28 versus 35.7% in FY26; guides for double-digit EBITDA margins through the cycle
** Shares rise 3.7% to 414.65 rupees as analysts say firm better placed structurally, helped by market-share gains, stronger products, cost discipline and expansion into services, digital, exports and alternative powertrains
ANALYSTS BACK OUTLOOK AMID SLOWDOWN BLUES
** HSBC ("Buy", PT: 490 rupees) says near-term demand remains robust, but flags the scale of a likely second-half slowdown as the key factor to monitor
** BofA ("Buy", PO: 515 rupees) says Tata Motors is broadening its moat beyond vehicle sales through lifecycle revenues, technology investments and global diversification
** Nomura ("Neutral", PT: 402 rupees) likes the digital and technology push, but remains concerned about Iveco's weak recent performance
** UBS ("Buy", PT: 555 rupees) says sharper execution and cost discipline could drive durable profitability gains
(Reporting by Mridula Kumar in Bengaluru)
June 23 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS LTD - SEES INVESTMENT SPEND OF 2-4% OF REVENUE FOR 2028
TATA MOTORS LTD - SEES FREE CASH FLOW OF 7-9% OF REVENUE (POST-TAX) FOR 2028
TATA MOTORS LTD - TARGETS DOUBLE DIGIT EBITDA MARGIN FOR 2028
Further company coverage: TATM.NS
(([email protected];))
June 23 (Reuters) - Tata Motors Ltd TATM.NS:
TATA MOTORS LTD - SEES INVESTMENT SPEND OF 2-4% OF REVENUE FOR 2028
TATA MOTORS LTD - SEES FREE CASH FLOW OF 7-9% OF REVENUE (POST-TAX) FOR 2028
TATA MOTORS LTD - TARGETS DOUBLE DIGIT EBITDA MARGIN FOR 2028
Further company coverage: TATM.NS
(([email protected];))
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Popular questions
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What does Tata Motors do?
Tata Motors (Formerly TML Commercial Vehicles) is India’s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. In every market, its focus is on delivering value and partnering customers to success. The company operates in India and South Korea, with a global presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.
Who are the competitors of Tata Motors?
Tata Motors major competitors are Ashok Leyland, Eicher Motors, Force Motors, SML Mahindra, Olectra Greentech, JBM Auto. Market Cap of Tata Motors is ₹1,45,932 Crs. While the median market cap of its peers are ₹16,974 Crs.
Is Tata Motors financially stable compared to its competitors?
Tata Motors seems to be less financially stable compared to its competitors. Altman Z score of Tata Motors is 4.36 and is ranked 5 out of its 7 competitors.
Does Tata Motors pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Tata Motors latest dividend payout ratio is 48.58% and 3yr average dividend payout ratio is 48.58%
How has Tata Motors allocated its funds?
NA
How strong is Tata Motors balance sheet?
Balance sheet of Tata Motors is strong. But short term working capital might become an issue for this company.
Is the profitablity of Tata Motors improving?
Yes, profit is increasing. The profit of Tata Motors is ₹6,100 Crs for TTM, ₹3,030 Crs for Mar 2026 and -₹0.08 Crs for Mar 2025.
Is the debt of Tata Motors increasing or decreasing?
Yes, The net debt of Tata Motors is increasing. Latest net debt of Tata Motors is -₹5,022 Crs as of Sep-26. This is greater than Mar-26 when it was -₹10,662 Crs.
Is Tata Motors stock expensive?
Tata Motors is not expensive. Latest PE of Tata Motors is 23.11, while 3 year average PE is 43.03. Also latest EV/EBITDA of Tata Motors is 13.14 while 3yr average is 34.47.
Has the share price of Tata Motors grown faster than its competition?
There is not enough historical data for the companies share price.
Is the promoter bullish about Tata Motors?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Tata Motors is 42.51% and last quarter promoter holding is 42.56%. Please check if dilutions happened via QIP/ Offerings etc.
Are mutual funds buying/selling Tata Motors?
The mutual fund holding of Tata Motors is increasing. The current mutual fund holding in Tata Motors is 11.58% while previous quarter holding is 11.28%.