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Tata Motors to restructure NBFC arms with Tata Capital for streamlined operations
Tata Motors is strategizing a significant restructuring move, aiming to separate its vehicle financing subsidiaries under Tata Motors Finance Ltd and merge them with Tata Capital. This initiative, as insiders revealed, seeks to streamline operations and alleviate the balance sheet leverage of the automotive giant.
The proposed process involves a share-swap agreement wherein Tata Sons, the conglomerate's holding company, will offer Tata Capital shares to Tata Motors, resulting in the latter acquiring a minority stake in Tata Capital.
Tata Capital, a flagship financial services e..
Mahindra, Tata Motors Set Patent Approval Record
In a noteworthy achievement, leading Indian automakers Mahindra & Mahindra and Tata Motors have received a record number of patent approvals in the fiscal year 2024. This milestone underscores the companies' commitment to innovation and highlights their efforts to strengthen their intellectual property portfolios.
Both Mahindra and Tata Motors have demonstrated a strong focus on research and development, investing in cutting-edge technologies and innovative solutions to drive competitiveness and sustainability in the automotive industry. The significant increase in patent approvals ref..
Tata Motors partners South Indian Bank for vehicle finance
Tata Motors announced that it had entered into a partnership with South Indian Bank to provide financing solutions to its commercial vehicle customers and dealerships. According to a statement released by Tata Motors, South Indian Bank will offer financing solutions for Tata Motors' entire commercial vehicle portfolio as part of the Memorandum of Understanding (MoU).
Rajesh Kaul, Vice President & Business Head Trucks at Tata Motors Commercial Vehicles, stated that facilitating easy access to financing solutions for commercial vehicles is a primary concern for their customers. He furthe..
JLG Launches Upgraded SkyTrak 8042 Telehandler
JLG, a renowned leader in access equipment innovation, has rolled out its latest game-changer in the construction industry ? the redesigned SkyTrak 8042 Telehandler. This groundbreaking overhaul aims to revolutionize telehandler operations with a focus on lighter weight, advanced control systems, and enhanced features.
The SkyTrak 8042 Telehandler, boasting an impressive 8,000-pound lift capacity and reaching up to 42 feet, has undergone a complete transformation from its predecessors. Joining the ranks of the 6,000-pound-capacity models released earlier, this redesign marks a significa..
FuelPro Trailers launch FuelPro 750; quick on-site refuelling
FuelPro Trailers has unveiled its latest innovation, the FuelPro 750, a DOT-compliant fuel trailer designed for swift and effective on-site refuelling. Boasting a capacious 750-gallon tank, this cutting-edge system comes equipped with a versatile 1-inch hose, available in lengths of 18, 30, or 50 feet, featuring an auto-trip nozzle for added convenience. An optional auto-retracting reel further enhances user efficiency.
The FuelPro 750 features a robust chassis constructed from 6-inch C-channel, while the tank boasts double-welded seams and 7-gauge steel construction, ensuring unparall..
