Category: Cars & Automobiles

  • Tata Motors Zooms Past Maruti To Become India’s Highest Valued Auto Company, MCap Now Close To ₹4 Lakh Cr

    Tata Motors Zooms Past Maruti To Become India’s Highest Valued Auto Company, MCap Now Close To ₹4 Lakh Cr

    Mahindra BE 05 electric SUV

    Tata Motors‘ share price was skyrocketing on Thursday morning, going up over 5% to hit a new all-time high of ₹1,081.70

    What Happened: The massive surge today comes as Nomura upgraded the automobile maker to “buy” from “neutral”, raising its target price to ₹1,294 from ₹1,141. The surge also pushed the Tata Group company’s market capitalisation close to the ₹4 lakh crore mark. At the time of writing, Tata Motors’ market cap stands at ₹3.97 lakh crore.

    Tata Motors as most valuable auto company

    With this, Tata Motors is once again India’s biggest automobile company in terms of market cap taking over the title from Maruti Suzuki. Maruti Suzuki’s share price is in the red today and the market cap currently hovers around ₹3.92 lakh crore. The company had taken over Suzuki’s market cap for a brief period earlier this year.

    Shares of the company have seen a strong rally in the past year. Just in the last 30 days, the stock has gone up over 13%.

    The auto giant is scheduled to report its earnings for the first quarter on August 1. Analysts have mixed views on Tata Motors’ upcoming results.

    Analysta Say on Tata Motors

    Motilal Oswal, in its preview note on the auto sector, anticipates that Tata Motors’ performance will lag behind its peers. The brokerage expects the company to report revenue of around ₹1.03 lakh crore and a profit after tax of around ₹4,000 crore. Motilal Oswal has a “neutral” rating on the stock with a target price of ₹960.

    Conversely, Kotak Securities has a more optimistic outlook, projecting revenue of ₹1.18 lakh crore and a net profit of ₹6,018 crore for Tata Motors. Kotak Securities maintains an “add” rating on the stock with a target price of ₹1,100.

    Price Action: Tata Motors’ share price was up 4.93% to trade at ₹1,079.80 in early trade on Thursday.

  • Mahindra BE.05 new Electric SUV, design revealed

    Mahindra’s CDO (Chief Design Officer) Pratap Bose, officially revealed the images of Mahindra BE.05 Electric SUV. The concept design of Mahindra BE05 Electric SUV was showcased in London last year.

    Mahindra BE 05 electric SUV

    Mahindra has lined up XUV.e8, XUV.e9, BE.05, Thar E and BE.07 for launches in the coming few months. What is interesting is that Mahindra is moving very fast with it’s Electric vehicle launches, the Mahindra BE 05 concept was showcased last year and now it is production ready.

    Mahindra Electric SUVs reactions

    Mahindra will be launching it’s Electric SUVs in international markets as well. Mahindra UXV 700 and Mahindra Scorpio N were very well received in Australia.

    The Mahindra BE 05 Electric SUV will come in 2WD and 4WD drive options, it’s a 5 door SUV, it will sport an electric Volkswagen motor generating 283 bhp and 535Nm torque. It certainly will come with ADAS and other cutting-edge technologies.

  • India’s First All Women Supercar Membership hosts their third Drive on nineteenth February 2023, prelude to Worldwide Women in Business Day

    Nationwide, January 2023: Queens Drive Membership (QDC), India’s first and solely girls supercar membership is internet hosting its third Drive on nineteenth February 2023, as a prelude to Worldwide Ladies’s Day. To uplift and empower women in business and break the stereotype related to girls and driving, Queens Drive Membership was initiated in February 2022 by Mrs Ritika Jatin Ahuja, Founding father of QDC and likewise the Chief Working Officer and Advertising and marketing Head at Large Boy Toyz. The membership targets a distinct segment sector and intends to create a coterie of ladies who not solely share related pursuits but in addition need to work together and community. It at the moment has 40 dedicated members and is rising at a gradual tempo.

    Queen's Drive Club 2022 (2) resize

    The members meet on the Large Boy Toyz showroom in Gurgaon at 2:30 pm. The drive then commences with a flag-off at 3pm, following which the members rally on a determined route and return to the showroom inside an hour. They then collect on the roof of Large Boy Toyz for a sundowner with meals, music, and enjoyable actions for the ladies to present them a calming and rejuvenating self-care time resembling foot and shoulder massages by Levo spa & salon, considered one of Delhi’s luxurious salons and tarot card studying by Pious Sood. Invitations for a similar are sponsored by forever52 & My Fragrance, packaged & curated by Needs by Om.

    This 12 months the occasion is grander than ever earlier than with girls taking part from throughout the nation because the membership just lately launched its web site on the twenty sixth January 2023 the place girls from anyplace can register themselves to benefit from the drive and develop into a member of the membership with an annual membership charge.

    Women in Business types

    Taking it up a notch, this 12 months, 40+ main girls from completely different walks of life throughout cities resembling Pune, Mumbai, Chandigarh, Ahmedabad, Hyderabad, and Kolkata, are coming collectively together with their supercars for the Drive.

    A few of these names embrace the Founder, Mrs Ritika Jatin Ahuja, Yuvika Chaudhary, actress, Dr. Neharika Yadav, Ducati bike racer and Roshni Misbah, hijab biker & entrepreneur, amongst others.

    Mrs. Ritika Ahuja, COO of Large Boy Toyz and Founding father of Queen’s Drive Membership, mentioned, “Being a automobile fanatic, I take pleasure in happening lengthy drives and speaking about automobiles. This 12 months we’re internet hosting the third drive of the membership, greater and higher. The drive not solely contains girls from completely different walks of life but in addition from numerous cities resembling Kolkata, Hyderabad, Mumbai, and Pune becoming a member of us in Gurgaon. We’ve got just lately launched our web site whereby women in business throughout the nation can register and be part of us within the drive and the after-party. I do know many ladies who love speaking about their automobiles, their journey and the way passionate they’re about it. This love, enthusiasm and pleasure inculcated the thought of making a group and continues to be a driving power to empower and encourage all girls throughout age teams to comply with their goals.”

    She additional added, “This membership brings like-minded girls collectively who’ve left no stone unturned to face out in society, who’ve adopted their ardour and are main profitable lives. With this 12 months’s drive, I look ahead to increasing and making a stronger group the place girls drivers and automobile fanatics can unite, help one another and be part of a girls led society.”

    Web site: www.queensdriveclub.com

     


    Neel Achary