Tata Motors Group Global Wholesales At 3,22,556 In Q3FY23

The Tata Motors Group global wholesales in Q3FY23, including Jaguar Land Rover, were at 3,22,556 nos., higher by 13%, as compared to Q3FY22.

Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q3FY23 were at 97,956 nos., lower by 5%, over Q3FY22. 

Global wholesales of all *passenger vehicles in Q3FY23 were at 2,24,600 nos., higher by 23% as compared to Q3FY22. 

Global wholesales for Jaguar Land Rover were 92,345 vehicles (**JLR number for Q3FY23 includes CJLR volumes of 12,754 units). Jaguar wholesales for the quarter were 16,275 vehicles, while Land Rover wholesales for the quarter were 76,070 vehicles.

*Includes sales of Tata Motors Passenger Vehicles Limited, a subsidiary of Tata Motors Limited.

**CJLR – It is a JV between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR

Tata Consultancy Services Ltd Records Steady Operating Performance In Q3, 2023

HOLD

CMP: Rs3320  

Target Price: Rs3200

TCS delivered better than expected revenue growth in Q3, while margins came a tad below our expectations. Revenue grew 2.9% QoQ to USD7.1bn (2.2% CC) in a seasonally-soft quarter, driven by cloud, ERP and cyber security services as well as market-share gains through vendor consolidation. Continued traction in regional markets (~6% CC QoQ growth for a second quarter in a row; inherently more volatile) largely explains the revenue beat. Deal-closure activity (deal intake TCV of USD7.8bn; book-to-bill at 1.1x) exhibited some moderation due to slower decision-making, although the deal pipeline build-up has remained healthy so far. Management remains watchful in the near term, considering heightened macro uncertainties; however, it reiterated confidence on accelerating revenue growth, once uncertainties abate. We tweak our earnings estimates for FY23-25 (<1% cut) post the Q3 performance and special dividend outgo. TCS is well placed to navigate the challenging demand environment, considering its well-diversified offerings across growth & transformation and cost takeout & efficiency projects; but this seems to be largely captured in the valuation, in our view. We retain HOLD with TP of Rs3,200/share at 22x Dec-24E EPS.

Results summary: Revenue grew 2.9% QoQ to USD7.1bn (2.2%/13.5% QoQ/YoY CC), beating our estimates. EBITM expanded ~50bps QoQ to 24.5% on the back of currency movement (+70bps) and operational rigor (+30bps; includes better utilization, realization, and reduction of external consultants costs), offset by increasing cost of normalcy (back-to-office and travel cost) and higher project-related third-party costs (-50bps). Net Profit stood at Rs108.5bn, lower than our estimate of Rs111.6bn on account of lower other income. Revenue growth was broad-based and led by Retail & CPG (18.7% CC YoY), Life Sciences & Healthcare (14.4%), Technology & Services (13.6%), Communication and Media (13.5%), Manufacturing (12.5%), and BFSI (11.1%). What we liked: Revenue beat, broad-based revenue growth, steady deal intake (TCV of USD7.8bn), dividend of Rs75 per share (incl. Rs67/sh special dividend). What we did not like: Sequential reduction in headcount after 10 quarters (headcount growth moderated to 10.2% YoY vs. 21.2% at the end of Q4FY22).

Earning call KTAs: 1) Cloud, ERP, Modernization & Security, Customer Experience, Connected Services and Managed Security were the themes that drove the growth in Q3. 2) Management expects near term uncertainties amid increased caution by clients in the USA, but is hopeful of return to normalcy in clients’ decision-making in the next few months. UK is showing resilience and is likely to remain steady, partly aided by market-share gain. Europe performance was held up in Q3, but outlook remains uncertain due to the macro situation. 3) Management highlighted that the manufacturing vertical is demonstrating better resilience than expected, but remains watchful considering the macro uncertainties, disruptions from supply-chain and energy prices. 4) It expects the FY23 exit-margin to be at ~25%. 5) Deal TCV for BFSI stood at USD2.5bn, Retail & CPG TCV at USD1.2bn and North America TCV at USD4.2bn in Q3FY23. 6) Headcount declined by 2,197 in Q3 due to focus on efficiency, aggressive hiring in prior quarters, and abating supply-side challenges. It expects the hiring trend to normalize in FY24, with gross hiring plan of 125k-150k. 7) The company added ~7,000 freshers in Q3 (~42,000 fresher addition in 9MFY23). 8) LTM attrition moderated to 21.3% vs 21.5% in Q2 and is likely to further taper down. Management indicated that quarterly annualized attrition moderated by ~6% QoQ.

Airtel 5G Plus Now Live In Bhubaneswar, Cuttack And Rourkela

* Powers The Kalinga And Birsa Munda Stadiums Ahead Of Men’s Hockey World Cup, 2023

* Promises to Offer massive speeds, best voice experience, will work on all 5G smart phones and be kinder to the environment

* No SIM change needed; existing Airtel 4G SIM is 5G enabled

* Existing data plans will work on 5G until roll-out is complete

Bharti Airtel (“Airtel”), India’s leading telecommunications services provider today announced the launch of its cutting edge 5G services in Bhubaneswar, Cuttack and Rourkela. The company has also deployed the ultrafast 5G services at the Kalinga & Birsa Munda stadiums in Bhubaneswar and Rourkela respectively that are hosting the forthcoming Men’s Hockey World Cup.

Airtel 5G Plus services will be available to customers in a phased manner as the company continues to construct its network and complete the roll out. Customers with 5G enabled devices will enjoy high speed Airtel 5G Plus network at no extra cost until the roll out is more widespread. 

Currently operational at Nandan Vihar, Prashanti Vihar, KIIT, Kalarahanga, Chandaka Industrial Estate, Infocity, Kanan Vihar Ph I & Ph II, Sailashree Vihar, Niladri Vihar, Gadakana, Shree Vihar, Chandrasekharpur, BDA Colony, East Coast Railway Colony, XIMB, Fortune Tower, Maitree Vihar, Jaydev Vihar, Ekamra Kanan Park, Jagannath Vihar, IRC Village, Kalinga Stadium, Beherasahi, Shastri Nagar, CRPF Square, Sum Hospital Area, Bharatpur, Khandagiri, Aiginia, Kalinga Nagar, Kalinga Vihar, Jagamara, Dumduma, AIMS Hospital, Patrapada, Acharya Vihar, Chakeisiani, Rasulgarh, Sahid Nagar, Satya Nagar, Kharavela Nagar, Master Canteen, Rajmahal, Bapuji Nagar, Forest Park, Ganganagar, Kalpana, BJB Nagar, Lewis Road, Ravi Talkies, Samantarapur, Bargada BRIT Colony, Laxmisagar, Chintamaniswar, Palasuni in Bhubaneswar & Balikuda, Gopalpur, Kalyaninagar, Balisahi, Rajendra Nagar, Nuasahi, Nayabazar, Mahanadi Vihar, Chauliaganj, OMP, Railway Station, Malgodown, Shankarpur, Badambadi, Dolamundai, Choudhury Bazar, Balubazar, Darghabazar, Machhuabazar, Beparisahi, Barabati Stadium, Chandimandir, Kanika Chhak, CDA Sector - 6, CDA Sector - 7, CDA Sector - 10, CDA Sector - 11 in Cuttack and Basanti Colony, Chhend, Birsa Munda Stadium, Jagada, Daily Market, Bandhamunda, Udit Nagar, Civil Township, Railway Station, Kalunga Industrial Area in Rourkela. Airtel will augment its network making its services available across the state in due course of time.

Commenting on the launch, Soumendra Sahu, COO – Odisha, Bharti Airtel said, “We are thrilled to power the two stadiums hosting the men’s hockey world cup.  While at the stadium, customers can experience superfast network that will allow them High Definition video streaming, multiple chatting, instant uploading of photos & videos and more. We are also launching our 5G services in the twin city of Bhubaneswar & Cuttack and Rourkela. Customers can now experience ultrafast network and enjoy speeds upto 20-30 times faster than the current 4G speeds. We are in the process of lighting up the entire state which will allow customers to enjoy superfast access to High-definition video streaming, gaming, multiple chatting, instant uploading of photos and more.”

Airtel 5G Plus will bolster the entire portfolio of services that Airtel offers. In addition, it will allow superfast access to High Definition video streaming, gaming, multiple chatting, instant uploading of photos and more. With this launch, India will get a fillip to economic growth as Airtel 5G Plus revolutionizes education, healthcare, manufacturing, agriculture, mobility and logistics.

In the last one year, Airtel has demonstrated the power of 5G with a host of powerful use cases that will change the way we lead our lives and do business. From India’s first live 5G network in Hyderabad to India’s first 5G powered hologram to India’s first recreation of a game changing world cup match played at a time when there was no TV coverage to India’s first 5G connected ambulance to India’s first private 5G network with Bosch for boosting manufacturing productivity, Airtel has been at the forefront of 5G innovation.

About Bharti Airtel Limited

Headquartered in India, Airtel is a global communications solutions provider with over 500 Mn customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high speed 4G/5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services. For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data centre services, cyber security, IoT, Ad Tech and CPaaS (Airtel IQ). For more details visit www.airtel.com

TheMathCompany Certified As Best Firm For Data Scientists By Analytics India Magazine

* 91% employees appreciate company’s initiatives that create elevated employee experiences

The leading global data analytics and engineering firm, TheMathCompany has been recognized as Best Firm for Data Scientists by Analytics India Magazine (AIM) in their recently launched certification program. TheMathCompany has been certified for creating elevated experiences for employees and nurturing an environment of growth and recognition among the rapid-growth technology providers.

AIM is considered the gold standard for identifying great data science workplaces in India. This rigorous certification by AIM uses five parameters to evaluate each company: learning and support, productivity and engagement, benefits and well-being, rewarding excellence, and diversity and inclusion. The AIM certification considers a company’s benefits and programs, including health insurance, paid time off, compensation, and training and development.

91% of TheMathCompany’s employees responded positively to the survey, appreciating the health of the company’s workplace culture, policies, and initiatives. TheMathCompany’s career development programs and opportunities for team members provide an environment to learn, grow, and take pride in their work, especially with their recent association with a leading AI-driven LXP provider to host over 400 courses in more than seven different training modes while offering domain proficiency across 12+ industries. The company provides a dynamic and inclusive work environment to its employees across all global locations empowering them to succeed.

Sayandeb Banerjee, Co-founder and CEO, TheMathCompany said, “We have witnessed many changes during last few years, but our vision to nurture an environment where our people can learn, grow, and thrive has remained constant. Being recognized by our own employees as an organization with a great workplace culture is an achievement that is not only humbling but also one that spurs us to continue this path of creating elevated experiences for our people. Continuous investment in our employees and a culture rooted in their development and well-being has led us to this significant milestone.”

Bhasker Gupta, Founder and CEO, Analytics India Magazine said, "TheMathCompany has seen significant growth for such a young company. Achieving this while maintaining high approval ratings demonstrates their leadership's dedication towards its employees. In a dynamic world of data science, their employee-centric company policies have created an exemplary work environment for their analytics professionals to grow and learn. With a shared goal of sustainably scaling the data ecosystem in India, we at AIM wish TheMathCompany continued success and hope other companies follow their footsteps."

With a team comprising scientists, data engineers, visualization experts, consumption specialists, analysts, and consultants, TheMathCompany goes beyond what traditional consultancies, pure-play service providers, and information technology services providers offer in terms of data insights to solve specific problems for companies. Interested in building a career at a recognized top employer? Explore career opportunities at TheMathCompany’s here: TheMathCompany Careers.

About TheMathCompany:

TheMathCompany is a global data analytics and engineering firm that partners with Fortune 500 and equivalent organizations to enhance their analytics capabilities, using IP-led assets, talent, and processes to deliver accelerated and human-centric solutions. TheMathCompany has been recognized as one of the fastest-growing data analytics and engineering firms in the world and has been featured among global high-growth firms by Nikkei-FT-Statista's Growth Champions list. Other recognitions include being ranked as the fastest-growing company in Inc.5000, 2022 list, Great Place to Work® Certified™, India, July 2022-23, Honorary mention under D&A specific service providers in 2022 Gartner® Magic Quadrant™ for Data and Analytics Service Providers Report, and the Everest Group's PEAK Matrix® Assessment 2021. The company is disrupting the analytics industry by providing a holistic range of services across data engineering, science, and unique project delivery. For more information about TheMathCompany, visit www.themathcompany.com.

India’s Residential Demand increased 19%, Supply Grew 2.7% In 2022 Reveals Magicbricks PropIndex Report (Oct-Nov), 2022

*Residential demand increased YoY across cities including Mumbai (52.1%), Noida (35.8%), Gurugram (34.5%) and Bengaluru (33%) 

*Pan-India average rate increased 13.9% YoY  

*Residential supply increased YoY across cities including Mumbai (13.4%), Bengaluru (8.4%), Chennai (2.9%) and Delhi (2.1%) 

The Indian residential market demonstrated resilience and overall growth in 2022, observed Magicbricks’ PropIndex Report for October-December, 2022. According to the report, the aggregate residential demand (searches) increased 19% YoY led by major cities such as Mumbai (52.1%), Noida (35.8%), Gurugram (34.5%), Delhi (14.8%) and Bengaluru (33%).  

The report further observed that the average rate increased 13.9% YoY and the cumulative supply (listings) grew 2.7% YoY. Noida (13.7%), Greater Noida (12.3%), Hyderabad (11. 7%) and Thane (8.1%) witnessed the highest increase in average rate YoY; and Mumbai (13.4%), Bengaluru (8.4%) and Thane (4.1%) saw the highest YoY increase in residential supply. The report also observed that 2 and 3 BHK units were the most preferred across these 12 cities. While cities like Kolkata, Chennai, Hyderabad continue to see a surge in demand for affordable units, other big metro cities like Bengaluru, New Delhi and Mumbai are attracting demand for mid-segment residences. 

Elaborating on the trends, Sudhir Pai, CEO, Magicbricks commented, “In 2022, residential demand, supply and prices recovered, and the year bode well for both under-construction and ready-to-move-in houses. Despite consecutive hikes in the Repo Rate and home loan rates in the past quarters, end-users remained keen on home buying, encouraging developers to accelerate new project launches while delivering their existing projects. Overall, we are optimistic that the residential demand will be largely sustained in 2023 as well.” 

The report further observed that the pan-India average rates of ready-to-move-in properties increased 9.0% YoY, and average prices of under-construction properties increased 15.3% YoY.  

City-wise Highlights 

Ahmedabad 

Ahmedabad recorded a dip of 11.3% in demand (searches) 

Decline by 1.2% in supply (listings) QoQ 

Average property rates spiked by 1.7% QoQ. 

Launch of Ahmedabad Metro Phase 1, which includes the East-West and North-South corridors, the demand, and supply for properties are expected to improve in their catchment areas. 

SG Highway and Bopal continue to have the highest demand 

3 BHK units priced between INR 4,000-6,000 psf are preferred by the majority of homebuyers in 

Ahmedabad 

Bengaluru 

Bengaluru’s residential market observed an increase of 1.5% QoQ in demand (searches) 

New project launches in the peripheral areas led to 1.1% QoQ increase in supply (active listings) 

The average property rate for the city witnessed a growth of 2.2% QoQ 

Post-pandemic, Bengaluru witnessed a large section of the non-local workforce resuming work from office 

This factor has largely contributed to a sizable 33% surge in demand YoY. However, supply grew 

by 8.4% YoY, thereby exhausting the existing inventory. 

Consequently, the rates of both RM and UC properties have surged 

Over the past few quarters, East Bengaluru has sustained its position as the most preferred 

location for home buyers 

2 and 3 BHK units priced between INR 5,000-7,500 psf largely dominate the residential real 

estate market in Bengaluru 

Chennai 

In Q4 of 2022, Chennai’s residential market witnessed a QoQ dip of 4.8% in demand (searches), 

the supply (active listing) grew by 1.6% 

Further, average property rates witnessed an increase of 1.6% QoQ 

2 BHK units priced between INR 5,000-10,000 psf dominate the residential real estate market in 

Chennai 

The revised property tax in Chennai deterred the growth of residential demand in the city over the last 2 quarters 

However, ongoing commercial and industrial development and proposed metro connectivity 

along with a greenfield airport are likely to drive demand for Chennai’s real estate market in the 

coming year 

OMR remains top micro-market in Chennai 

New Delhi 

In Q4 2022, Delhi observed a decline of 18.1% QoQ in residential demand (searches) 

The city’s supply (listings) saw a revival and rose by 2.6% QoQ 

The average property rate in the city also recorded a QoQ surge of 3.3%, due to rise in input costs 

Due to the existing inflationary pressures, the average rate for UC properties saw a significant 

upward movement of 8% QoQ, while RM properties also appreciated by 2.9% during this time 

DLF, Unity Group, and Godrej Properties were the top developers on the basis of active listings 

during the quarter 

3 BHKs and houses priced under INR 10,000 psf were the most searched units in Delhi 

Dwarka and Janakpuri continued to be the most favoured residential destination 

Gurugram 

After gaining major traction over the past three quarters, the residential market of Gurugram 

witnessed a marginal decline of 2.3% QoQ in demand (searches) 

The residential supply (listings) remained stable showing a QoQ decline of only 0.5%. 

However, the average property rate in the city observed a third consecutive quarterly hike, 

increasing by 4.8% in October-December after a 1.5% growth in the previous quarter. 

During October-December, the average rates of both RM and UC properties appreciated by  

4.5% and 6.0% QoQ, respectively. 

New Gurugram and Sohna Road continue to be the most preferred localities for homebuyers 

Gurugram registered highest demand and supply concentration for 3 BHKs &amp; &gt; 3 BHKs, while the mid-segment of INR 5,000-10,000 remained the most searched criteria 

Hyderabad 

In Q4 2022, Hyderabad’s residential market witnessed a QoQ dip of 2.2% in demand (searches) 

The supply (active listing) grew by 4.9% 

The city’s average property rate surged by 4.2% QoQ 

The entry of many small developers in Hyderabad’s residential market has inflated the inventory 

resulting in large volumes of unsold stock 

Western Hyderabad remains the most preferred real estate hotspot 

Affordability reigns supreme as &lt; INR 5,000 psf is the most search criteria for homebuyers 

Kolkata 

During this quarter, residential demand (searches) in Kolkata declined by 13.7% QoQ but registered a YoY increase of 4.4% 

The supply (listings) witnessed a decline of 0.6% QoQ, but remained stable YoY 

Average property rates witnessed a growth of 2.1% QoQ and 7.6% YoY owing to an increase in 

input costs 

Kolkata has contributed a share of around 6% in demand and 9% in supply in the major Indian 

residential real estate markets over the past year 

Affordable properties dominate Kolkata’s residential market 

Demand and supply are spatially well distributed all over Kolkata 

Mumbai 

In Q4 2022, Mumbai’s residential market witnessed a growth of 7.6% QoQ in demand (searches) 

The supply (listings) increased by 7.2% QoQ and average property rate increased 1.3% QoQ 

The quarter was characterized by an increase in new launches and the completion of many under- 

construction projects across the city 

These factors have invigorated the market and scaled up demand 

With the operations of metro lines 2A and 7 to commence by January 2023, demand and supply 

are expected to increase even further 

Key western suburb markets witnessed maximum traction in Q4 2022 

2 BHKs priced between INR 15,000-25,000 psf preferred by homebuyers in Mumbai 

Navi Mumbai 

Rresidential demand (searches) and supply (listings) in Navi Mumbai declined by 7.9% 

and 0.8% QoQ, respectively 

The city’s average property rate remained stable since it recorded an increase of only 0.1% 

Navi Mumbai’s residential real estate market is expected to grow with further development of 

its road, rail, and airport infrastructure 

Homebuyers are anticipating new launches by reputed developers active in the region 

Except for a few high-end localities such as Palm Beach Road, Navi Mumbai’s real estate market 

is primarily driven by affordable property options 

Panvel, Kharghar and Airoli remain the most preferred residential destination 

2 BHK units continue dominance in Navi Mumbai followed by 1 BHKs 

Noida & Greater Noida 

With improvement in new launch activity, residential supply (listings) in Noida-Greater Noida 

observed growth of 6.7% QoQ in Q4 2022 

Residential demand (searches) witnessed a QoQ decline of 2.5%, which indicates restrained 

buyer sentiments 

Steady exhaustion of unsold inventory of completed or near-completion homes has pushed 

home buyers to look for under-construction properties 

The average property rate witnessed a QoQ uptick of 3.9% in Q4 2022 compared to a 1.9% rise 

in Q3 2022 

Demand and supply were highest in Noida Extension and Sectors 74-79 

Nearly 56% of consumer searches were directed towards properties priced &lt;INR 5,000 psf, 

indicating that the market is driven by affordability 

Pune 

The long festive season at the end of the year bode well for Pune’s residential market 

Demand and supply for residential properties grew by 3.2% QoQ and 4.2% QoQ, respectively 

At the same time, the city’s average rate increased by 1.5% QoQ 

Moreover, proposals of several town planning schemes and infrastructural projects such as the 

Intermediate Ring Road, High-Capacity Mass Transit Route (HCMTR) and Pune Metropolitan 

Region (PMR) Ring Road are driving the rates up 

Airport Road, Baner and Wakad continue their dominance in Q4 2022 

Homebuyers prefer affordable properties with compact units 

Thane 

Demand (searches) for residential properties in the city registered a growth of 2.8% 

QoQ, the supply surged by 11.1% QoQ. The average rate for the city increased by 0.8% QoQ 

Key infrastructure developments to boost transportation and connectivity such as the Central 

Railway Corridor between Thane and Diva, the proposed Mumbai-Ahmedabad High Speed 

Railway, Personal Rapid Transport System (PRTS) continue to augment demand and supply 

Ghodbunder Road and Western Thane remain the most preferred micro-market 

2 BHKs and units costing &lt;INR 9,000 psf gained traction in Q4 2022 

About Magicbricks: India's no 1 property site  : As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full-stack service provider for all real estate needs, with 15+ services including home loans, pay rent, movers and packers, legal assistance, property valuation, and expert advice. 

With 15+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more. 

Tata Motors Commences Deliveries Of The Ace EV To Start A New Era In Last-Mile Deliveries

Tata Motors, India’s largest commercial vehicle manufacturer, today marked a significant leap forward in offering sustainable mobility solutions for intra-city cargo transport by commencing deliveries of the all-new Ace EV, India’s most advanced, zero-emission, four-wheel small commercial vehicle. The first fleet of the revolutionary Ace EV was delivered to leading e-commerce, FMCG and courier companies, and their logistics service providers: Amazon, Delhivery, DHL (Express & Supply Chain), FedEx, Flipkart, Johnson & Johnson Consumer Health, MoEVing, Safexpress and Trent Limited.

The new Ace EV, unveiled in May 2022 and co-developed in rich collaboration with its users, has successfully completed stringent real-world market trials. Supported by a diligently curated ecosystem, the Ace EV comes with a holistic solution for hassle free e-cargo mobility and 5-year comprehensive maintenance package. Its robust performance with 100% uptime received an overwhelming response from customers. The Ace EV’s supporting ecosystem includes development and deployment of charging infrastructure, setting up of dedicated Electric Vehicle Support Centres for maximum fleet uptime, deployment of Tata Fleet Edge – the next-gen optimal fleet management solution, support of Tata UniEVerse, the proven enabling eco-system of relevant Tata Group companies, and partnerships with the country’s leading financiers for availing funding.

Flagging the first fleet of Ace EVs, Mr. Girish Wagh, Executive Director, Tata Motors, said, “The introduction of the Ace EVs on Indian roads marks a big step forward in the journey towards zero-emission cargo mobility. The holistic solution co-created with our partners effectively caters to a variety of intra-city distribution needs and delivers a superior value proposition to all stakeholders. We are grateful for the trust and support of our customers. Their encouraging response to Ace EV inspires us to accelerate our endeavour of sustainable mobility and support the nation’s net-zero aspirations.”

image002.jpg@01D85B2BThe Ace EV is the first product featuring Tata Motors’ EVOGEN powertrain that offers an unparalleled certified range of 154 kilometres. It delivers a safe, all-weather operation with an advanced battery cooling system and regenerative braking system to boost the driving range. The vehicle allows regular and fast charging capabilities for high uptime. It is powered by a  27kW (36hp) motor with 130Nm of peak torque, to ensure highest cargo volume of 208 ft³ and grade-ability of 22% allowing easy ascend in fully loaded conditions. The Ace EV’s container is made of lightweight, durable materials that perfectly suit the requirements of e-commerce logistics.

About Tata Motors

Part of the USD 128 billion Tata group, Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 37 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and amongst the top three in the passenger vehicles market.

Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centers located in India, UK, US, Italy and South Korea. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by preparing a tailor-made product strategy, leveraging the synergy between the Group companies and playing an active role liasoning with the Government in developing the policy framework.

With operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors’ vehicles are marketed in Africa, Middle East, South & South East Asia, Australia, South America, Russia and other CIS countries. As of March 31, 2022, Tata Motors’ operations include 86 consolidated subsidiaries, two joint operations, four joint ventures and 10 equity-accounted associates, including their subsidiaries, in respect of which we exercise significant influence.

PVR Cinemas Announced Opening Of Its New 7-Screen Multiplex In Bhartiya City

~Opens its 7-screen multiplex in Bhartiya Mall of Bengaluru at Bhartiya City, an integrated smart mega city in North East Bengaluru ~

PVR cinemas, the largest and the most premium film exhibition company in India announced the opening of its new 7-screen multiplex in Bhartiya City - The City of Joy : India's largest integrated township within city limits, Thanisandra Main Road, Bengaluru. Integrated with best- in- class theatrical solutions for an enhanced cinematic experience, the new cinema will mark the launch of PVR’s 17th property in the state of Karnataka.

With this launch, PVR Cinemas consolidated its foothold in Bengaluru with 95 screens in 13 properties and 323 screens across 52 properties in South.

Located at Bhartiya Mall of Bengaluru, the property has a seating capacity of 1343 audiences and features premium screen formats including the 5th 4DX and 2nd P[XL] Premium Extra-Large Screens in Bengaluru. The cinema is equipped with the best-in-class theatrical solutions to offer an immersive and enhanced cinematic experience, plush recliner seats for enhanced comfort and SP4K Laser projectors that deliver ultra-high resolution, vivid colors, high uniformity, sharp, and bright images. Furthermore, the audis feature advanced Dolby Atmos audio and REAL D 3D technology for an immersive experience.

Speaking on the launch, Mr. Ajay Bijli, Chairman and Managing Director, PVR Ltd, said, “We are delighted to open our 7-screen property in the Culture Hub of Bengaluru. Bengaluru. In line with our vision to make world-class cinema entertainment accessible to consumers across the country, we have partnered with Bhartiya Group, one of the leading developers in the South to provide wholesome family entertainment to residents in North Bengaluru, one of the emerging areas of Bangalore”.

Situated 25 minutes from the new International Airport, the multiplex is designed in a contemporary style reverberating luxury, glamour, and exuberance. While the red in theme auditoriums with the front lit “V” signage in metal inlays adds glamour, a visually stunning foyer with glamorous chandeliers gives a sense of grandeur and provides a warm and welcoming ambience. Moving towards a digital era, the cinema replaces box office ticketing counters with Self Ticketing Kiosks for self-generation of tickets, the paperless way.

‘’It is indeed a momentous day for us as we open our 13th property in Bengaluru, one of the country’s most vivid and progressive cities and with this opening, we look forward to being a part of its growth story. We are excited for our customers, as they will witness the captivating and immersive experience through 4DX and P[XL]”, said Mr. Sanjeev Kumar Bijli, Joint Managing Director, PVR Limited.

With this opening, PVR strengthens its growth momentum in FY 2022-23 with 903 screens at 181 properties in 78 cities (India and Sri Lanka).

About PVR Limited

PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is perceived in the country. PVR currently operates a cinema circuit comprising of 903 screens at 181 properties in 78 cities (India and Sri Lanka), serving over 100 million patrons annually. Since its inception in 1997, the brand has redefined the way out-of-home entertainment is consumed in the country. The Company offers a wide range of cinema services such as child friendly audis, the latest screening technology, superior sound systems, wide range of F&B offerings, diverse content for regional movie goers, an array of formats in the premium screen category such as Director’s Cut, LUXE, Sapphire, IMAX, 4DX, P[XL], Playhouse and PVR Onyx.

For further information, visit: http://www.pvrcinemas.com/corporate/about-us.aspx