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Tata Motors’ stock closed up 5.56% on Wednesday, 1 October after the demeter. From today, the company’s business has been divided into two parts. Now the company’s commercial vehicle business (such as truck, bus) has gone into a separate company TML Commercial Vehicle Limited and will run as Passenger Vehicle Business (eg Car, SUV) Tata Motors Vehicles Limited.
From this separation, the existing shareholders from Tata Motors will get a share of a commercial vehicle company (TML) in lieu of a share. The shareholders will get these shares on a record date on 14 October. The company has taken this step to rapidly increase both businesses on different routes.
Girish Wagh will lead commercial vehicle company
Girish Wagh will lead the commercial vehicle company formed after the dear. Earlier on Friday (September 26), the company announced several major changes in its top leadership. The company made Shailesh Chandra a new MD and CEO. At the same time, the current Chief Financial Officer (CFO) of the group will be the new CEO of PB Balaji JLR Automotive. Both officers have taken over the responsibility from today.
PB Balaji has resigned and he will step down on 17 November. After PB’s departure, Dhiman Gupta has been appointed as the new CFO of Tata Motors, which will be effective from 17 November. The company has given information about this change in management in exchange filing today i.e. on Friday 26 September. Read full news …
Tata Motors shares climbed 5.56% today
Tata Motors’s stock was seen fluctuating after the demeter. The company’s stock has climbed 7.35% in the last 5 days, 4.04% in a month and 6.87% in 6 months. At the same time, 25.61% has fallen in a year. The market cap of Tata Motors is Rs 2.64 lakh crore.
Tata Motors profit down by 30% to ₹ 3,924 crore
Tata Motors received a net profit of Rs 3,924 crore in the first quarter of FY 2025-26. It is 30% less on an annual basis. The company’s profit was Rs 5,643 crore in the same quarter of a year ago.
The company’s revenue was Rs 1.04 lakh crore due to the operation in the April-June quarter. Tata Motors generated a revenue of Rs 1.07 lakh crore in the same quarter of a year ago. It has decreased by 2.51% on an annual basis.
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Tata vehicles will be cheaper by ₹ 1.55 lakh: Impact of change in GST rates; New prices will be implemented from 22 September
Tata Motors has announced to reduce the price of its vehicles. According to the Economic Times report, from September 22, Tata vehicles will be cheaper from Rs 65,000 to Rs 1.55 lakh.
The company has taken this decision after approving changes in GST rates. On September 3, the GST Council reduced the tax on small cars from 28% to 18%.
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