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..
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..
Tata, Shell tie-up for EV charging
Tata Motors, a leading automobile manufacturer, has forged a strategic partnership with Shell India to bolster the infrastructure for electric vehicles (EVs) in India. This collaboration aims to address the growing demand for EV charging solutions across the country.
The partnership between Tata Motors and Shell India signifies a significant step towards promoting sustainable mobility in India. With the rising concerns about climate change and pollution, there is a pressing need to transition towards cleaner transportation alternatives, such as electric vehicles. By combining their exp..
TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..