Latest news with #TataMotorsPassengerVehicles
Time of India
25-06-2025
- 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
25-06-2025
- 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
24-06-2025
- 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.
Time of India
09-06-2025
- Automotive
- Time of India
SIAM hosts conference on circular mobility on World Environment Day
The Society of Indian Automobile Manufacturers (SIAM) held its 5th International Conference on the occasion of World Environment Day , focusing on circular mobility and sustainable practices in the automotive sector . The event featured discussions across government, industry and research stakeholders on waste management, plastic reduction , recycling, and low-emission technologies. The programme included a street play on plastic pollution by school students and a prize ceremony for a student painting competition titled Nature's Palette, recognising nine participants from Delhi NCR. Industry and policy interventions The inaugural session centred around waste management aligned with Mission LiFE. Shailesh Chandra, President of SIAM and Managing Director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, outlined three key requirements to support the circular economy: a robust policy framework for lightweighting and lifecycle management, an incentive-based scrappage ecosystem, and improved recycling infrastructure. Hanif Qureshi, Additional Secretary, Ministry of Heavy Industries, said India had reached 20 per cent ethanol blending and that 11 companies were developing flex-fuel engines . He also announced the launch of an electric truck programme, backed by ₹500 crore, and confirmed that India would deploy 14,000 electric buses. Other initiatives include promoting electric ambulances, compressed biogas, hydrogen and flex-fuel vehicles. Sector-focused technical sessions Three thematic sessions were also conducted during the event-- Plastic and Materials Circularity, Tyre and Oil Recycling and Battery and E-Waste SIAM Executive Director Prashant K. Banerjee said the automotive sector was progressing across electrification, biofuels and hydrogen-based transport. Director General Rajesh Menon reaffirmed SIAM's commitment to cleaner mobility and circularity.
India.com
04-06-2025
- Automotive
- India.com
Noel Tata's MEGA plan, Tata Motors expands electric vehicle line up, launches…, huge competition to Anand Mahindra?
Tata Motors on Tuesday expanded its electric vehicle portfolio in India with the launch of the a battery-powered electric SUV which has a driving range of around 500 kilometers. The company expects that the new electric SUV will appeal to customers in the mainstream premium SUV segment, which currently sees monthly sales of around 25,000 units. Price of starts at Rs 21.49 lakh (ex-showroom). Booking will commence from July 2. In an interaction with PTI, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said with the model, the company expects to attract a new set of customers, right from small-time explorers to off-road enthusiasts. 'In the high SUV segment, we have been seeing tremendous growth, and we also felt that in this segment there is an opportunity to come up with a product which is exhilarating in performance, which has alternate capability and which takes the comfort to the next level,' he stated. Tata Motors currently has a market share of around 25 per cent in the high SUV segment with two products — Harrier and Safari. Chandra said which comes with an all wheel drive prowess and a torque of 504 NM, would help in expanding the company's volumes and market share as well. He noted that the overall SUV segment is witnessing year-on-year growth and now accounts for 54 per cent of the overall passenger vehicle sales in the domestic market. He noted that with , the company has broken barriers in terms of pricing and driving range, making it comparable with the internal combustion engine models of the same size. 'Charging speeds have been increased significantly, so there's no barrier. So a person will now view this as a car as very much comparable to the options that they have on the ICE side, with a better set of features, comfort, luxury, convenience and performance,' Chandra stated. He further said, 'So therefore I believe that it should really attract the mainstream buyers who are buying high SUVs.' 'From defining the SUV segment in the 1990s with iconic nameplates to democratising it by boldly entering new whitespaces in the 2020s, our journey has always been driven by innovation and leadership,' Chandra said. With the launch of the automaker is not just introducing a new electric SUV or challenging convention, but rewriting the rules of what's possible, he added. Tata Motors sold about 65,000 EVs in FY25, a drop of 10 per cent as compared with FY24. Tata Motors has announced a lifetime warranty on the battery packs. The model comes with various features, including auto park assist, six terrain modes and over 55 connected car features. can compete with other established players in the market of Electric vehicles like Anand Mahindra's Mahindra and Mahindra, Maruti Suzuki. (With Inputs From PTI)
