For TMPV profitability declined primarily due to a sharp rise in commodity prices, which impacted revenue by nearly 4.5% in Q1 Tata Motors Passenger Vehicle’s (TMPV) domestic passenger vehicle business had a significant quarter as the volumes grew 46% compared to last year, comfortably beating the broader industry’s growth rate. Electric vehicles did even better, […]
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The company believes that its flexible multi-powertrain strategy and sustained EV investments will help it stay ahead amid rising global uncertainty and shifting mobility trends. As the global automobile industry navigates geopolitical tensions, rising commodity prices, shifting fuel preferences and uncertainty around electric vehicles, Tata Motors Passenger Vehicles Limited (TMPVL) is choosing to stay firmly […]
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In a significant step towards promoting indigenous (“Make in India, For the World”) manufacturing, Tata Motors Group, India’s leading producer of commercial and passenger vehicles, today held the groundbreaking ceremony of its new, world-class production facility to manufacture cars and SUVs, at Panapakkam in Ranipet district, Tamil Nadu. This manufacturing facility will produce next-gen vehicles […]
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JLR today announced exciting plans to accelerate its transition to become the world’s leading modern luxury car manufacturer revealing its Halewood plant, in the UK, will become an all-electric production facility and its next generation medium-size SUV architecture, electrified modular architecture (EMA), will now be pure-electric. In an update to global media at JLR’s centre in […]
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