Is Tata Motor's Tigor Electric car will gives back glory to Tata's brand-name?
(This blog only for education purpose writer not advising any trade opportunity)
First see some recent news which provided below-
Technical Chart Analysis-
Chart say-
- All time high is 506.9 in Feb 2015.
- CMP 116 was previously in Nov. 2009.
- In 2008 crisis made low of 24 in Dec 2008.
- As CMP 116 strong support seen at 98 to 100 range
- As worst situation in this 2019 slowdown may possible to be touch 76.
- According to me TOMO will not fall below 76 also not heads towards 2008's low.
Targets-
- Above 530 rupees in 2022.
How Tata Tigor EV preparing for boom in Auto 2.0 era
- Tata won tender to supply 10,000 units of Tigor EV to the government's Energy Efficiency Services Limited.
- Tie up with Zoomcar for rental service on Tigor EV currently available on zoomcar.
- First impression of the Tigor EV on the move is fairly positive.
- Tigor EV was billed to th EESL at around 11.5 Lakh per piece and only available to commercial buyer.
- Tata is in no hurry to launch the TIgor EV to the public at large.
- Tata is working on a higher range version of the Tigor EV thar will be targeted towards private buyers. The updated Tata Tigor EV is expected to offer maximun range of 200 km on a full charge.
- Tata Motors and Tata power plan to setup 300 charging stations in India by the end of FY2020.
- As of now Tata Tigor EV is only sold to fleet owners and government organisations as part of the EESL tender, but with the introduction of long range Tigor EV, Tata will start selling the car to private buyers as well.
Other important facts about TOMO-
- Having a presence in over 46 countries around the globe.
- Tata Motors is without a doubt among the top 10 CV makers in the world today.
- Tata Motors plans to invest Rs 1.2 lakh crore in Jaguar Land Rover (JLR) over the next three years.
- JLR is betting heavily on its I-Pace Electric Vehicles which are likely to have a high level of efficiency (260-290 miles driving with one charge).
- JLR plans to increase production in low-cost zones like Slovakia and also increase localization across India, China, Hungary and Slovakia.
- The company plans to increase its dealer network by 15% to 1,800 by the year 2023. Also 100% dealers are expected to be upgraded to the ARCH dealer network where the customer turnaround is higher by nearly 7%.
- By 2021, China will move to being the largest market by a margin from being the fourth largest market for JLR today.
- The company has high hopes for I-Pace: The management believes that I-Pace (annual capacity of 43,000 units) is a game changer product for the company. I-Pace is very competitively priced for a product which gives (1) best in class performance and (2) a higher driving range than competition due to regenerative braking, light weighting and an integrated cooling system. The I-Pace electric vehicle offers 260-290 miles of driving range (in one charge) under real life conditions. The battery can be 80% charged in just 45/90 minutes by using 100/50 kwh chargers while the battery can be fully charged in 10-12 hours using 7 kwh charger in homes. For the battery, JLR is offering a warranty for 8 years or 100,000 miles whichever is earlier.
Mayur Jagtap
Investment Consultant.
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