The stock ended the day 3.52% up at â¹1,021.95 apiece.
Analysts tracking the company said the demerger will drive synergies across verticals in the passenger vehicle (PV) company, and help raise focus on the high-margin truck and bus (CV) business where competitive intensity is on the rise.
From 44% at the end of FY18, Tata Motors's market share in the CV segment dropped to just under 38% by the end of December 2023, according to data shared by the Society of Indian Automobile Manufacturers. New launches and market expansion helped rivals Mahindra & Mahindra, Maruti Suzuki, Ashok Leyland and Eicher Motors - improve their CV share.
Pressure on the CV market share was offset to a certain extent by success in the car and SUV business at the standalone level, where Tata Motors dethroned Hyundai, India's second-largest carmaker, in monthly sales performance.
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Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?
GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.
Nestle adds sugar to infant milk and cereal, finds report
A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.
India-made Daimler's electric mini truck to hit the road soon
INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.
Samsung eyes â¹10,000 cr from India TV biz this year
SOUTH KOREAN GIANT Samsung is targeting a turnover of â¹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.
Microsoft AI Copilot speed boost for coding
WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.
US, China debt pose risks for global public finances: IMF
THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.
Language models in consumer tech
This move is designed to ensure better user experience & privacy
'Data centres' energy use doubles every four years'
Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.
Vi FPO: Foreign players invest big; about â¹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion
