Latest news with #GirishWagh
NDTV
08-07-2025
- Automotive
- NDTV
Tata Ace Pro Mini Truck Launched At Rs 3.99 Lakh With Three Powertrain Options
Tata Motors has launched the all-new Tata Ace Pro at a starting price of just Rs. 3.99 lakh (ex-showroom). The brand claims that the Tata Ace Pro is India's most affordable four-wheel mini truck, delivering exceptional efficiency, unmatched versatility, and superior value. It also insists that the Ace Pro has been designed to empower a new wave of entrepreneurs. The Tata Ace Pro is available in Petrol, Bi-Fuel (CNG + Petrol), and Electric variants - providing customers with the flexibility to choose the ideal solution for their business needs. Also Read: Maruti Suzuki Invicto, Baleno, Fronx And More Get Up To Rs 1.40 Lakh Off In July'25 Girish Wagh, Executive Director, Tata Motors, said, "The launch of Tata Ace had revolutionised cargo mobility in India. Over the past two decades, it has successfully empowered more than 25 lakh entrepreneurs to become a symbol of progress and possibility. With the all-new Tata Ace Pro, we are building on this legacy with renewed purpose for a new generation of dreamers. Engineered for stability, safety, and profitability, the Ace Pro unlocks greater earning potential to fulfill the ambitions of aspiring entrepreneurs ready to take charge of their future." Tata Ace Pro The Tata Ace Pro is available in petrol, bi-fuel, and electric variants. The petrol trim gets a 694cc engine that delivers 30bhp and 55Nm, combining power with fuel efficiency. Meanwhile, the electric-powered Ace Pro features Tata Motors' advanced EV architecture, offering 38bhp, 104 Nm torque, and a 155km range on a single charge, with an IP67-rated battery and motor for all-weather reliability. Also, the bi-fuel trim combines the cost-efficiency of CNG with the flexibility of a 5-litre petrol backup tank for uninterrupted operations. In CNG mode, it develops 26bhp of power and 51Nm of torque. The Tata Ace Pro ensures a safe ride with an AIS096-compliant crash-tested cabin. It is also equipped with a digital instrument cluster and an optional infotainment system for added driver convenience. The Tata Ace Pro claims to offer a best-in-class 750 kg payload and a versatile 6.5ft (1.98 m) deck. Available with factory-fitted load body options - half-deck or flatbed - tailored to maximize earnings across diverse applications. It is compatible with containers, municipal applications, and reefer body fitment, amongst others.
Hans India
08-07-2025
- Automotive
- Hans India
Tata Motors rolls in Ace Pro mini-truck
Hyderabad: Tata Motors is creating a new milestone in cargo mobility with the launch of the all-new Tata Ace Pro, heralding a transformative era in small cargo mobility. With starting price of Rs3.99 lakh, the new vehicle is India's most affordable four-wheel mini truck, delivering exceptional efficiency, unmatched versatility, and superior value. Designed to empower a new wave of entrepreneurs, the mini truck is available in petrol, Bi-Fuel (CNG + Petrol), and electric variants – providing customers with the flexibility to choose the ideal solution for their business needs. Customers can book their preferred Ace Pro variant at any of Tata Motors' 1250 commercial vehicles sales touchpoints across the country or on Fleet Verse, Tata Motor's online sales platform. To make ownership of the Tata Ace Pro convenient, Tata Motors has collaborated with leading banks and NBFCs to offer hassle-free financing solutions, including quick loan approvals, flexible EMI options, and enhanced funding support, tailoring to diverse customer needs. Girish Wagh, Executive Director, Tata Motors, said, 'The launch of Tata Ace had revolutionised cargo mobility in India. Over the past two decades, it has successfully empowered more than 25 lakh entrepreneurs to become a symbol of progress and possibility. With the all-new Tata Ace Pro, we are building on this legacy with renewed purpose for a new generation of dreamers. Engineered for stability, safety, and profitability, the Ace Pro unlocks greater earning potential to fulfil the ambitions of aspiring entrepreneurs ready to take charge of their future.'
Time of India
04-07-2025
- Automotive
- Time of India
Tata Motors eyes ₹6,500 cr boost from PLI scheme as EV line‑up expands
Tata Motors plans to secure about ₹6,500 crore in incentives from the Government's production‑linked incentive (PLI) scheme for electric vehicles over the next three years, company executives have told The Financial Express . The country's largest maker of electric passenger and commercial vehicles expects roughly ₹4,000 crore to come from its passenger‑vehicle (PV) range and a further ₹2,500 crore from its commercial‑vehicle (CV) portfolio. Tata Motors has already received ₹385 crore in PLI benefits for FY25 – ₹250 crore for PVs and ₹135 crore for CVs – up from ₹142 crore a year earlier. A company spokesperson said the firm intends to 'avail the full benefits' available until FY28. Tata Motors PLI-certified PV models At present, three PLI‑certified PV models – the Tiago EV, Tigor EV and Punch EV – are earning incentives of roughly ₹40 crore a month. With the recent certification of a forty‑five‑kilowatt‑hour Nexon EV variant and forthcoming approvals for the Harrier EV, Curvv EV and Sierra EV, Tata Motors expects monthly inflows to climb, taking total PV incentives to around ₹700 crore by the end of FY26 and up to ₹2,000 crore annually thereafter. Tata Motors PLI-certified CV models In the CV division, led by executive director Girish Wagh, three electrified Ace mini‑truck variants and two each of the Starbus and Ultra electric buses already qualify for PLI support. The incentives lifted CV earnings before interest, tax, depreciation and amortisation margins by twenty basis points in FY25, while PV margins improved by seventy basis points. Despite its early lead, Tata Motors' share of India's passenger‑EV market fell to 35 per cent in May 2025 from 81 per cent in FY23. Shailesh Chandra, managing director of Tata Passenger Electric Mobility, told investors the firm aims to regain 'about 50 per cent share in the mid to long term' through its expanded electric portfolio and PLI‑driven cost advantages.
India.com
01-07-2025
- Automotive
- India.com
Tata Motors Reports Q1 FY26 Sales: Commercial Vehicles See International Growth, PVs Steady Amid Industry Pressures
Mumbai, July 1, 2025: Tata Motors recorded total sales of 2,10,415 units in Q1 FY26, compared to 2,29,891 units in the same period last year. This comprises 85,606 commercial vehicles (CVs) and 1,24,809 passenger vehicles (PVs), reflecting a YoY decline of 6% and 10% respectively. In the CV segment, while domestic sales dipped 9% to 79,572 units, international business (IB) volumes surged by 68%, reaching 6,034 units. Executive Director, Girish Wagh, highlighted robust growth in exports and optimism for coming quarters driven by a favourable monsoon, lower repo rates, and continued infrastructure push. New launches like the Ace Pro mini truck across petrol, bi-fuel, and EV options, along with AC cabins across the truck range, have strengthened the portfolio. In the PV segment, Tata Motors sold 1,24,809 units, including 16,231 EVs, showcasing resilience amid flat industry demand. MD Shailesh Chandra noted strong EV traction, especially towards the end of the quarter, aided by new launches such as the Altroz and The refreshed Tiago also registered a healthy 16% YoY growth. Looking ahead, Tata Motors remains focused on leveraging new product introductions to outperform the market in hatchbacks, SUVs, and EVs. While industry demand may stay subdued in the near term, the company aims to build on its EV momentum and deepen customer engagement, underscoring its long-term strategy for growth in both domestic and export markets.
India.com
01-07-2025
- Automotive
- India.com
Tata Motors Sales Decline 8.5% In Q1 FY26, Mahindra Reports 18% SUV Growth
Mumbai: Tata Motors on Tuesday reported an 8.47 per cent decline in total sales as the carmaker sold 2,10,415 units in the April-June quarter of FY26, compared to 2,29,891 units sold during the same period the previous year (Q1 FY25). Both commercial and passenger vehicle segments saw a drop in numbers. Commercial vehicle sales stood at 85,606 units, down 6 per cent year-on-year (YoY), while passenger vehicle sales dropped 10 per cent to 1,24,809 units. Domestic sales for Tata Motors in June 2025 also fell 12 per cent compared to June 2024. However, the company saw some bright spots. International business in the commercial vehicle segment grew strongly, with a 68 per cent increase in sales. Tata Motors Executive Director Girish Wagh said that the first quarter began slowly for the commercial vehicle industry, especially in the heavy and small commercial vehicle segments. "But there was some sequential improvement in June, and the company remains optimistic due to a favourable monsoon forecast, expected rate cuts, and growing infrastructure development," he added. Tata Motors MD Shailesh Chandra said the company expects to build momentum with its new launches and expanding EV portfolio, despite the overall subdued industry outlook. In the passenger vehicle segment, Tata Motors sold 1,24,809 units in Q1 FY26, including 16,231 electric vehicles. Although total passenger vehicle sales dropped 10 per cent YoY, EV sales showed signs of recovery towards the end of the quarter. The company said its refreshed Tiago model saw a 16 per cent YoY growth, and new launches such as the Altroz and were received well. Another leading carmaker, Mahindra & Mahindra, reported a strong performance in June 2025. The company sold 78,969 vehicles during the month, including exports, marking a 14 per cent growth compared to June 2024. In the SUV segment alone, Mahindra sold 47,306 units in the domestic market, a growth of 18 per cent. This helped the company end the quarter on a high note, with its highest-ever SUV sales in a single quarter. Mahindra also saw a 36 per cent rise in exports during the April-June period. Mahindra's Automotive Division CEO Nalinikanth Gollagunta said that the company's focus on delivering value to customers has driven its strong growth, and it remains confident about the coming quarters.
