Tata Capital, classified as an upper-layer non-banking finance company (NBFC) by the Reserve Bank of India (RBI), has already received board approval to proceed with the IPO. Â
As per an Anand Rathi report, global EV giants Tesla and BYD face significant hurdles in the Indian passenger vehicle market, dominated by domestic players like Tata Motors and Mahindra & Mahindra.
Earlier, Tesla CEO Elon Musk said the taxes imposed on imported cars in India can be as high as 110%, making it one of the highest in the world. It is to be noted the electric vehicle major decided to postpone its entry into the world's third-largest car market for a second time last year.
Data from ACE Equity shows that while the Nifty 50 has dropped 16% from its 52-week high, the broader market index Nifty 500 has fallen 19%. Meanwhile, select large-cap stocks from the Nifty 50 index have plunged up to 47% amid the current market correction
"Even if the market (Nifty) goes up to 22,500-22,700, it should not be construed as a trend change. 2025 is going to be a lacklustre year and there would be a lot of sideway moves," the market expert told Business Today.
Tata Motors has initiated trials for hydrogen-powered trucks and buses as part of India's decarbonisation efforts. The 18-month pilot project, supported by the Ministry of New and Renewable Energy, will test both hydrogen fuel cell and internal combustion engine technologies. Tata Motors is allocating 40-45% of its capital expenditure towards new technologies for decarbonisation and software-defined vehicles.
Tata Motors shares  are trading near their 52-week low and have nearly halved from their all time high of Rs 1179.05 reached on July 30, 2024.
Domestic brokerage firm SMIFS has shared eight stocks including Life Insurance Corporation of India, Tata Motors, Asian Paints and other with up to 172 per cent upside potential.
An analyst from Anand Rathi said that Tata Motors has taken support at the 50 per cent retracement level of its rally from March 2020 to July 2024, aligning with key weekly and quarterly S1 support levels.
Tata Motors share price hit 52-week lows: Rekha Rakesh Jhunjhunwala has lost more than Rs 1,790 crore in a Tata Group-backed stock in the last five months.
Tata Motors stock has entered the oversold zone, indicating there are more sellers than buyers for the stock
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