Latest news with #ShaileshChandra
Time of India
4 days ago
- Automotive
- Time of India
Tata Motors' strategy to mitigate geopolitical headwinds
New Delhi: Following China's restrictions on rare earth magnet exports, auto major Tata Motors said it is working with the government and is also taking steps to procure magnets from alternate sources. These elements are critical to the production of ICE as well as electric vehicle (EV) components. Speaking to the media on Tuesday, Group CFO PB Balaji said there is no immediate concern. 'No panic buttons are being pressed at this stage,' he said. Commenting on the broader geopolitical risks , including the Israel-Iran conflict, he noted that the semiconductor crisis of 2022–23 served as a critical stress test for the automotive ecosystem, which led companies to internalise key lessons and significantly strengthen their supply chain resilience. The automaker stated that it will 'not change any of the product launch plans' at this stage. However, it added that if the situation worsens significantly, a reassessment may be necessary. The company recently launched the Harrier EV, with dispatches scheduled to begin next month, and confirmed that the Sierra EV rollout remains on track. Shailesh Chandra, MD at Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, added that the company is 'comfortable from a stock perspective for the next few months.' However, he acknowledged the strategic need to diversify sourcing in the medium to long term. 'We have identified seven high-impact rare earth elements out of 17 that are most critical to our components. We are closely tracking how to reduce the constitution or mix of these into the components in which it gets into,' Chandra said. He added that while short-term dependency will continue, there are clear pathways to significantly reduce and eventually eliminate this dependence over the long term. Union Steel and Heavy Industries Minister HD Kumaraswamy on Tuesday said the government is likely to decide on a subsidy scheme for domestic production of rare earth magnets within 15–20 days. While actual production is expected to take about two years, interim sourcing alternatives including Japan and Vietnam are being explored. Tariff impact on JLR Tata Motors anticipates a tariff-related impact on its British subsidiary Jaguar Land Rover (JLR), with EBITDA expected to decline to the 5–7 per cent range, down from its earlier 10 per cent EBIT trajectory. Further, he acknowledged that exports from the company's Slovakia plant to the US remain subject to tariffs, resulting in a cost impact. To mitigate this, the company is rolling out a "cost-out programme over the next 12–18 months." Meanwhile, Balaji confirmed that JLR will commence completely knocked down (CKD) operations at its Ranipet, Tamil Nadu plant in India by early 2026, gradually transitioning from its current Pune base. JLR plans to invest ₹9,000 crore in Ranipet plant over five years, as part of a broader strategy to expand its presence and manufacturing capabilities in the country. He noted that the proposed UK-India trade agreement could ease market entry for future models without requiring CKD scale initially. Hybrids on the cards? When asked about plans to introduce hybrid models by 2030, Chandra said that while the company currently categorises hybrids under the petrol segment, it remains open to the technology. 'If competitiveness requires us to introduce hybrids in certain segments, we will do so– not just for emission compliance, but also for performance-driven reasons,' he noted. However, reiterating its stance on incentivising hybrid vehicles, Tata Motors stated that the company does not view them as a long-term solution deserving of government incentives. 'We are absolutely fine supplying hybrids if that's what the customer wants. But our concern lies with incentivising hybrids. These are not destination technologies, they are transitional, meant to be used for managing CAFE norms by others,' Balaji said. According to him, hybrids are essentially enhanced ICE powertrains, and if they are to be incentivised, then CNG should logically receive similar support. Tata Motors' internal powertrain forecast in the near-term projects 30 per cent of volumes from EVs, 27 per cent from CNG, and around 6–10 per cent from diesel, with the remaining share comprising petrol including hybrids. It may be noted that the automaker's Avinya brand for EVs, which was initially aimed to launch within two and a half years from mid-2022, has been deferred to late 2026 due to 'feasibility challenges in certain subsystems', which required architectural revisions and prolonged engineering cycles. Demerger completion targeted by year-end Tata Motors' proposed demerger process is progressing smoothly, with July 1 this year set as the 'appointed date' for accounting purposes and October 1 as the 'effective date' when the commercial vehicle (CV) and passenger vehicle (PV) businesses begin operating as separate entities. Balaji noted that while the shareholder approval has already been secured, the company is now filing with the NCLT, after which it expects to receive inputs from the ROC and other regulators before final approval. Once the NCLT ruling is received, the company will proceed to operationalise the demerger. Post the demerger, the existing listed entity will become the PV business. The spun-out CV entity, which is set to be renamed Tata Motors, will be listed separately within 45–60 days of the effective date. Tata Motors anticipates the full process, including listing of both entities, to be completed by November–December 2025 period.
Time of India
4 days ago
- Automotive
- Time of India
Tata Motors strategy: JLR to start assembling luxury cars in Tamil Nadu by 2026; Rs 9,000 crore investment planned
Representative image Jaguar Land Rover (JLR), the British luxury car arm of Tata Motors, will begin assembling its premium vehicles at a new facility in Tamil Nadu by early 2026, senior executives said on Tuesday. The plant will assemble Range Rover Evoque and Velar SUVs from completely knocked down (CKD) kits, with a projected capacity of 30,000 units annually, as per ET. The move is part of a Rs 9,000 crore investment over five years and marks a strategic shift in JLR's Indian manufacturing footprint. 'This move gives us a scalable, future-ready base as JLR expands its portfolio in India,' said PB Balaji, the Group CFO of Tata Motors, as quoted by ET. He further noted that the Ranipet plant will eventually absorb JLR's operations from Pune. The Tamil Nadu facility is also being positioned as a potential base for Tata's premium electric vehicles (EVs) under the Avinya brand. However, Tata Motors has deferred Avinya's launch to 2026 due to engineering hurdles. 'Some blind spots emerged during execution, and the industrialisation process has taken longer than expected,' said Shailesh Chandra, MD of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, as cited by ET. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Chandra clarified that Avinya will debut as a standalone premium EV brand without overt Tata branding, aimed at global markets. He also criticised state policies favouring hybrid vehicles over EVs, saying they 'distort the market and delay EV adoption.' Meanwhile, JLR is facing global trade headwinds. With US import tariffs on vehicles from the UK rising to 27.5%, Tata Motors is not planning to set up a US manufacturing site in response. 'We need to be careful that we don't overextend ourselves,' Balaji said, ruling out reactive expansions, as per news agency PTI. JLR is also rerouting demand to regions less impacted by trade volatility, including the UK, Europe, and the Middle East. Additionally, Tata Motors is enhancing supply chain resilience, leveraging lessons from the 2022-23 semiconductor crisis. On rare earth exports from China, Chandra said Tata and JLR have sufficient inventory for the coming months and are exploring alternate sources. 'We are comfortable for the next few months… and very hopeful given the government's support on the topic,' he said, reported PTI. Despite the global challenges, Tata Motors confirmed its other EV launches like the and remain on schedule. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
4 days ago
- Automotive
- Time of India
From rare earths to trade tariffs: Tata Motors maps strategy to mitigate geopolitical headwinds
New Delhi: Following China's restrictions on rare earth magnet exports, auto major Tata Motors said it is working with the government and is also taking steps to procure magnets from alternate sources. These elements are critical to the production of ICE as well as electric vehicle (EV) components. Speaking to the media on Tuesday, Group CFO PB Balaji said there is no immediate concern. 'No panic buttons are being pressed at this stage,' he said. Commenting on the broader geopolitical risks , including the Israel-Iran conflict, he noted that the semiconductor crisis of 2022–23 served as a critical stress test for the automotive ecosystem, which led companies to internalise key lessons and significantly strengthen their supply chain resilience. The automaker stated that it will 'not change any of the product launch plans' at this stage. However, it added that if the situation worsens significantly, a reassessment may be necessary. The company recently launched the Harrier EV, with dispatches scheduled to begin next month, and confirmed that the Sierra EV rollout remains on track. Shailesh Chandra, MD at Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, added that the company is 'comfortable from a stock perspective for the next few months.' However, he acknowledged the strategic need to diversify sourcing in the medium to long term. 'We have identified seven high-impact rare earth elements out of 17 that are most critical to our components. We are closely tracking how to reduce the constitution or mix of these into the components in which it gets into,' Chandra said. He added that while short-term dependency will continue, there are clear pathways to significantly reduce and eventually eliminate this dependence over the long term. Union Steel and Heavy Industries Minister HD Kumaraswamy on Tuesday said the government is likely to decide on a subsidy scheme for domestic production of rare earth magnets within 15–20 days. While actual production is expected to take about two years, interim sourcing alternatives including Japan and Vietnam are being explored. Tariff impact on JLR Tata Motors anticipates a tariff-related impact on its British subsidiary Jaguar Land Rover (JLR), with EBITDA expected to decline to the 5–7 per cent range, down from its earlier 10 per cent EBIT trajectory. Further, he acknowledged that exports from the company's Slovakia plant to the US remain subject to tariffs, resulting in a cost impact. To mitigate this, the company is rolling out a "cost-out programme over the next 12–18 months." Meanwhile, Balaji confirmed that JLR will commence completely knocked down (CKD) operations at its Ranipet, Tamil Nadu plant in India by early 2026, gradually transitioning from its current Pune base. JLR plans to invest ₹9,000 crore in Ranipet plant over five years, as part of a broader strategy to expand its presence and manufacturing capabilities in the country. He noted that the proposed UK-India trade agreement could ease market entry for future models without requiring CKD scale initially. Hybrids on the cards? When asked about plans to introduce hybrid models by 2030, Chandra said that while the company currently categorises hybrids under the petrol segment, it remains open to the technology. 'If competitiveness requires us to introduce hybrids in certain segments, we will do so– not just for emission compliance, but also for performance-driven reasons,' he noted. However, reiterating its stance on incentivising hybrid vehicles, Tata Motors stated that the company does not view them as a long-term solution deserving of government incentives. 'We are absolutely fine supplying hybrids if that's what the customer wants. But our concern lies with incentivising hybrids. These are not destination technologies, they are transitional, meant to be used for managing CAFE norms by others,' Balaji said. According to him, hybrids are essentially enhanced ICE powertrains, and if they are to be incentivised, then CNG should logically receive similar support. Tata Motors' internal powertrain forecast in the near-term projects 30 per cent of volumes from EVs, 27 per cent from CNG, and around 6–10 per cent from diesel, with the remaining share comprising petrol including hybrids. It may be noted that the automaker's Avinya brand for EVs, which was initially aimed to launch within two and a half years from mid-2022, has been deferred to late 2026 due to 'feasibility challenges in certain subsystems', which required architectural revisions and prolonged engineering cycles. Demerger completion targeted by year-end Tata Motors' proposed demerger process is progressing smoothly, with July 1 this year set as the 'appointed date' for accounting purposes and October 1 as the 'effective date' when the commercial vehicle (CV) and passenger vehicle (PV) businesses begin operating as separate entities. Balaji noted that while the shareholder approval has already been secured, the company is now filing with the NCLT, after which it expects to receive inputs from the ROC and other regulators before final approval. Once the NCLT ruling is received, the company will proceed to operationalise the demerger. Post the demerger, the existing listed entity will become the PV business. The spun-out CV entity, which is set to be renamed Tata Motors, will be listed separately within 45–60 days of the effective date. Tata Motors anticipates the full process, including listing of both entities, to be completed by November–December 2025 period.
TimesLIVE
5 days ago
- Automotive
- TimesLIVE
Tata Motors says ‘no panic' about rare earth shortage, EV plans unshaken
Maruti Suzuki, India's top carmaker, cut near-term production targets for its e-Vitara by two-thirds because of rare-earth shortages, Reuters reported earlier this month. Shailesh Chandra, MD of Tata Motors Passenger Vehicles and its EV subsidiary, said the company was looking at how to reduce the composition of rare-earth magnets in its cars and how to completely eliminate them about the longer term. China controls more than 90% of the global processing capacity for the magnets, which are used for cars, clean energy and home appliances. It enacted restrictions in April that require companies to obtain import permits from Beijing, as part of its retaliation against hefty US tariffs. Balaji said Jaguar Land Rover will take price hikes 'in a calibrated manner' to counter the affect of US tariffs, but is not planning any manufacturing sites in the US. The Range Rover maker had lowered the forecast for its fiscal 2026 earnings before interest and taxes margin to 5%-7% last week from 10% earlier, amid uncertainty in the global car industry.
News18
6 days ago
- Business
- News18
Stocks To Watch: TCS, Infosys, Tata Motors, HAL, Bandhan Bank, Waaree, And Others
Last Updated: Stocks to watch: Shares of firms like TCS, Infosys, Tata Motors, HAL, Bandhan Bank, Waaree, and others will be in focus on Monday's trade Stocks to Watch on June 23, 2025: Indian equity markets ended the week on a positive note, consolidating for the fifth straight week. Easing geopolitical tensions and renewed buying interest from foreign institutional investors (FIIs) lifted overall sentiment. On Monday, June 23, several stocks are likely to be in focus due to key developments. TCS, Infosys, Wipro IT majors TCS, Infosys, and Wipro will be closely watched after Accenture reported stronger-than-expected Q3 revenue. The growth was driven by rising enterprise demand for its AI-powered consulting services, which may reflect positively on Indian peers. JSW Energy The National Company Law Appellate Tribunal (NCLAT) has overturned an earlier NCLT order that had blocked lenders of the debt-laden Raigarh Champa Rail Infrastructure from initiating a fresh bidding process—potentially a boost for JSW Energy. Bandhan Bank The Reserve Bank of India (RBI) has extended Arun Kumar Singh's term as Additional Director at Bandhan Bank by one year, effective from June 24, 2025. Tata Motors Tata Motors is intensifying efforts in the electric vehicle (EV) segment to regain lost market share. The company also plans to merge its EV arm with its passenger vehicle business. 'In the mid- to long-term, we should come back to 50% share," said Shailesh Chandra, MD of Tata Passenger Electric Mobility, at the company's recent Investor Day in Mumbai. Vodafone Idea's newly announced partnership with AST SpaceMobile for satellite-based direct-to-mobile (D2M) services may face regulatory hurdles. Analysts believe rollout delays are likely unless the Department of Telecommunications (DoT) and TRAI initiate consultations to define spectrum sharing and leasing guidelines for hybrid satellite-terrestrial networks. MakeMyTrip MakeMyTrip has raised $3.1 billion via a mix of equity and debt, according to Morgan Stanley. This marks the largest fundraise ever by a listed new-age Indian company, surpassing Paytm's Rs 2.4 billion IPO in 2021. It's also the biggest concurrent equity and convertible notes offering in the Asia-Pacific region since 2022. Sun TV Network Sun TV Network issued a strong rebuttal to the legal notice filed by Lok Sabha MP Dayanidhi Maran against his elder brother and company promoter, Kalanithi Maran. The company clarified in a regulatory filing that the business separation occurred over 20 years ago and was carried out lawfully. Hindustan Aeronautics (HAL) HAL has won the rights to manufacture India's Small Satellite Launch Vehicle (SSLV) after emerging as the highest bidder in a Rs 511 crore tender, according to IN-SPACe. Bharat Electronics (BEL) BEL announced fresh orders worth ₹585 crore since its last disclosure on June 5. These include contracts for missile sighting systems, communication gear, jammers, critical spares, and associated services. Waaree Renewable Technologies Waaree Renewable Technologies said its existing solar EPC order value has been revised upward by Rs 246.92 crore, bringing the total to Rs 1,480.40 crore. Bank of India Bank of India's board will meet on June 26, 2025, to consider raising funds through long-term infrastructure bonds. The bank also plans to raise up to Rs 5,000 crore in FY26 via Basel-III compliant bonds. Last fiscal, it raised Rs 2,690 crore through a 10-year infrastructure bond at a 7.50% coupon, which was nearly six times oversubscribed. Location : New Delhi, India, India First Published: June 23, 2025, 08:19 IST News business » markets Stocks To Watch: TCS, Infosys, Tata Motors, HAL, Bandhan Bank, Waaree, And Others
