In an exciting revelation set to transform the automotive landscape, Tata Motors is all set to unveil the prices for the rejuvenated Harrier and Safari on October 17, 2023. These beloved SUVs have undergone a profound transformation, sporting new front and rear ends, full-width LED light bars, a reimagined split headlamp design, revamped bumpers, and a stunning array of bold new colour options. Let’s delve into this exciting automotive update!
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Tata Motors: A Remarkable Facelift
The facelifted Harrier and Safari have not only embraced a fresh and contemporary look but have also aligned themselves with the new Nexon, thus creating a cohesive family aesthetic within Tata’s SUV lineup. These changes signify Tata Motors’ commitment to delivering cutting-edge design and aesthetics to its customers.
Exquisite Alloy Wheels
For SUV enthusiasts, the revamped Harrier and Safari now offer up to 19-inch alloys on their top-spec trims. These alloy wheels not only enhance the aesthetics but also promise a smoother and more dynamic driving experience.
Luxurious Interior Upgrades
There are several opulent improvements waiting for you when you enter the Harrier and Safari’s cabin. Please note the enhanced illuminated emblem on the steering wheel, while the infotainment system featuring a 12.3-inch touchscreen ensures you are entertained and connected.
The 10.25-inch digital instrument cluster with Navigational Display provides critical information at your fingertips, and the addition of a 10-speaker JBL audio system promises an exceptional auditory experience.
Tata Motors: Mutual Funds’ Preferred Nifty 50 Stocks in September
In the world of finance, September saw some interesting trends in Mutual Funds’ investment strategies. Notable Nifty 50 stocks that witnessed significant investment by Mutual Funds included Adani Ports, Eicher Motors, and UPL. In September 2023, the largest sector holding for mutual funds was Private Banks, with an allocation of 18.9% Technology, Autos (8.3%), Capital Goods (7.3%), and Healthcare (6.8%) were the next highest sector holdings.
Insight into Mutual Fund Investments
Mutual funds continued to show their investment prowess by being net buyers of 64 percent of Nifty 50’s stocks in September. Among the top stocks which experienced an increment in investment were Adani Ports (+14.2%), Eicher Motors (+11%), UPL (+9.8%), HDFC Life (+7.1%), and Bajaj Auto (+6.9%), as per data analyzed by brokerage firm Motilal Oswal.
Small-Cap and Mid-Cap Stocks
The smallcap stocks also had their share of the spotlight in September. Mutual funds showed their confidence in these stocks, being net buyers in 53 percent of small-cap stocks. The top performers in this category included L&T Finance Holdings, Vodafone Idea, FACT, Aditya Birla Capital, and Rail Vikas Nigam. These investments show how mutual funds diversify by distributing their holdings across large- and small-cap firms.
Equity AUM on the Rise
Despite the mutual fund industry’s total assets under management (AUM) remaining flat at Rs 46.6 trillion in September 2023, the equity AUM for domestic mutual funds, which includes ELSS and index funds, increased by 2.5 percent during the same period to reach Rs 21 trillion. The increasing trend in market indices—the Nifty index gained 2 percent every month—was the driving force behind this growth.
Equities Market Trends
However, September also witnessed a decline in sales of equity schemes, down by 5.2 percent month-on-month to Rs 461 billion. Simultaneously, redemptions increased to Rs 305 billion, marking a 15.4 percent month-on-month rise. The way that investor sentiment has changed is indicative of how dynamic the equities market is.
Sector and Stock Allocation
A noteworthy change in the sector and stock allocation of funds was observed in September. The weights of PSU Banks, NBFCs, Utilities, Automobiles, Healthcare, Telecom, and Cement grew month over month. Conversely, the weights of Private Banks, Technology, Consumer, Oil & Gas, and Chemicals moderated.
Key Sector Insights
Utilities’ weight reached a 35-month high of 3.8 percent in September 2023.
Healthcare’s weight climbed for the fourth consecutive month to a 17-month high of 6.8 percent.
Private Banks’ weight moderated for the third consecutive month to 18.9 percent.
Oil & Gas’ weight declined for the fifth consecutive month in September 2023.
Tata Motors Stocks on the Move
There are some notable fluctuations in the value of stocks when we examine how they were changed month over month. NTPC (+Rs 46.2 billion), L&T (+Rs 44.5 billion), Bharti Airtel (+Rs 40.8 billion), Coal India (+Rs 38.5 billion), and Axis Bank (+Rs 35.9 billion) were the best-performing stocks in terms of increased valuation.
On the other hand, stocks like HDFC Bank, Coforge, Supreme Industries, Navin Fluorine, Cipla, NHPC, Kajaria Ceramics, Pidilite Industries, M&M, and Infosys witnessed a decline in value.
Mutual Fund Schemes in the Spotlight
Among the top 25 mutual fund schemes by AUM, certain schemes reported significant month-on-month increases. These included ICICI Pru Value Discovery Fund (+3.5% MoM change in NAV), HDFC Top 100 Fund (+3.4% MoM), Nippon India Growth Fund (+2.9% MoM), ICICI Pru Bluechip Fund (+2.9% MoM), and Axis Long Term Equity Fund (+2.4% MoM).
SIPs on the Rise
Even though September saw a decline in the sale of equity schemes, investors continued to show faith in mutual funds. Inflows and contributions in systematic investment plans (SIPs) reached a new high of Rs 160.4 billion, reflecting a 1.4 percent month-on-month increase and a significant 23.6 percent year-on-year growth.
In conclusion, Tata Motors’ unveiling of the revamped Harrier and Safari, alongside insights into Mutual Fund investments and equity market trends, sets the stage for an exciting journey in the worlds of automobiles and finance. Stay tuned for October 17, 2023, when the prices for these rejuvenated SUVs will be unveiled, marking a new era in the automotive industry.
Disclaimer: The information in this “Stock Profile” blog post is for informational purposes only. It is not financial advice. Always consult a qualified expert before making investment decisions.