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Tata Motors mulls raising Rs 500 crore via NCDs

"Tata Motors is desirous of offering the sixth series of its rated, listed, unsecured, redeemable, NCDs aggregating to Rs 500 crore."
Posted: February 23, 2017, 4:25 pm
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India's new PV financing market to double to Rs 1600 billion by 2020

The auto finance market in India is a growing market, with 74% finance penetration, and sub 1% Non-Performing Asset (NPA) levels, says the EY Report.
Posted: February 21, 2017, 5:50 pm
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Tata Motors shares plunge over 10%, wipes out Rs 15,068 crore from m-cap

Tata Motors stock tanked 10.32 per cent to end at Rs 436.55 on BSE. During the day, it nosedived 10.64 per cent to Rs 435.
Posted: February 16, 2017, 8:02 am
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Shares of Tata Motors may suffer losses after disappointing Q3 results

A 510 basis-point drop in the operating profit (EBITDA) margin of JLR stumped investors and analysts, who had not penciled in contraction in the business that had hitherto helped offset Tata Motors' lackluster domestic performance.
Posted: February 15, 2017, 8:28 am
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Tata Motors crashes 5%, takes Rs 5,993 crore m-cap hit post Q3

Tata Motors stock was the worst performer among the 30-BSE Sensex components.
Posted: February 14, 2017, 6:16 pm
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Daimler invests in vehicle finance app AutoGravity

Car buyers in the United States can use AutoGravity to find tailored buying and leasing offers.
Posted: February 14, 2017, 1:59 pm
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Hindustan Motors surges over 10% on selling Ambassador brand to Peugeot

Shares of the company opened at Rs 12.80 and touched a high and low of Rs 12.80 and Rs 12.11, respectively, in trade so far.
Posted: February 13, 2017, 2:13 pm
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'Demonetisation negative for auto asset backed loan in short term'

"The Indian government's decision to remove a high proportion of currency notes from circulation in November 2016 has proved negative for the performance of Indian auto asset backed securities (ABS) in the short term."
Posted: February 13, 2017, 11:52 am
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Better farm pricing, rural recovery to power Mahindra & Mahindra

The country's biggest maker of tractors, which is better known to consumers for a stable of tough and rugged home-grown utility vehicles (UV) such as Bolero, Thar, and Scorpio, will likely be among the major beneficiaries of the government's move to set remunerative floor prices for farm produce.
Posted: February 13, 2017, 7:51 am
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Vehicle financing rates are now the lowest in 10 years

Financiers however complain that despite the rates hitting rock bottom, passenger vehicle sales haven't done as well as they should have because vehicle manufacturers have been repeatedly hiking prices and the government tax/cess slabs have added to the over all price tag. Around 85% of all passenger vehicles sold in India are financed.
Posted: February 10, 2017, 8:41 am
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