With a m-cap of Rs 1,28,100 crore, Tata Motors now features at ninth rank in the list and replaces HDFC in this prestigious club.
Among the Sensex pack, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, Bharti Airtel and Nestle were the biggest gainers. Tata Consultancy Services, Sun Pharma, Infosys and Tata Motors were among the laggards.
Homegrown auto major Tata Motors on Monday reported an almost three-fold increase in consolidated net profit to Rs 4,804.80 crore (Rs 48.04 billion), driven by its British arm Jaguar Land Rover.
MSI said compact sedan Dzire Tour stood out as sales rose by over two-fold during the month under review to 3,370 units as against 1,299 in July 2014.
Benchmark Sensex rose by 443 points to close at a new record high while Nifty settled above the 24,100 mark on Monday on buying in banking and IT shares in line with gains in Asian and European markets. The 30-share BSE Sensex settled higher by 443.46 points or 0.56 per cent at an all-time high of 79,476.19.
Tata Motors, India's leading manufacturer of heavy and light automobiles, is planning to launch 20 new variants in coming two years
The country's largest auto maker, Tata Motors, is planning to invest about Rs 8,000 crore (Rs 80 billion) during the next three-four years as capital expenditure and product development.The money is likely to be spent on launching new models and scaling up its operations.
South Korean carmaker Kia was on Tuesday declared the top mass-market performer in the overall customer experience index (CEI), an annual survey done by the Federation of Automobile Dealers Associations (Fada) to assess and quantify customer experience across 97 parameters related to sales, product, and after-sales quality. Fada conducted this survey in collaboration with consulting firm Frost & Sullivan, with a sample size of 8,685 respondents.
To use JLR's technology in the new cars.
This is the third consecutive monthly slide.
Among the 30 Sensex firms, Asian Paints, Infosys, JSW Steel, UltraTech Cement, Power Grid, Larsen & Toubro, HCL Technologies and Tata Steel were the biggest laggards. Tata Motors, HDFC Bank, Bharti Airtel, ITC, IndusInd Bank and Axis Bank were the gainers.
The US Fed interest rate decision, ongoing quarterly earnings, macroeconomic data and FII trading activity are the major triggers that will drive stock markets this week, analysts said. Investors would also track global market trends and the movement in global oil prices for further cues. "This week, the focus will shift to global cues, particularly the US markets," Santosh Meena, Head of Research, Swastika Investmart Ltd said.
Tata Motors' Nano, the small car seen as a symbol of India's expertise in frugal engineering, is likely to be launched on March 3. Billed as the world's cheapest, the small car's first recipients may be celebrities, including political leaders, social workers, sports stars and film stars.
Auto major Tata Motors has posted a 9.3 per cent increase in its net profit for the second quarter ended September
Under another scheme of cumulative deposit plan, Tata Motors, which met with cold response from investors to its two separate rights issues last year to raise Rs 4,147 crore (Rs 41.47 billion) to partly fund its Jaguar and Land Rover deal, would offer 8.58 per cent interest on a minimum deposit of Rs 20,000 for two years and 9.88 per cent for three years.
Among the 30 Sensex companies, IndusInd Bank, Axis Bank, ICICI Bank, Bharti Airtel, Kotak Mahindra Bank, Maruti, JSW Steel and Bajaj Finserv were among the laggards. In contrast, Reliance Industries, Tata Motors, Asian Paints, Nestle and Titan were the biggest gainers.
Leading carmakers Maruti Suzuki and Hyundai on Thursday reported a dip in wholesales in July as companies reduced vehicle dispatches to dealers amid moderation in demand. Maruti Suzuki India said its total domestic passenger vehicle sales stood at 137,463 units in July against 152,126 units in the year-ago month, down 9.64 per cent.
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The company had posted a consolidated profit of Rs 2,313.87 crore (Rs 23.13 billion) in the same quarter last fiscal, Tata Motors said in a statement.
If electric cars with a real range of more than 400 km are launched, the anxiety regarding the charging points will come down, and more people will buy EVs.
This is not the first EV that Mercedes would be making in India though. It has been making the EQS sedan here for the last 18 months, and has sold 500 units of the car.
UK-based JLR posted 16 per cent growth in retail sales in the past year, highest in the luxury car segment globally, on the back of launches, output ramp-up and better reach in world markets.
Company says that this is a long-term plan as it continues to evaluate options.
It was the summer of 2006 (May 18). Writers' Building, then the state secretariat, was buzzing with journalists. The event marked the start of Buddhadeb Bhattacharjee's second term as chief minister. And in style, it got off with West Bengal bagging the small car plant, Nano.
Leading Indian public sector banks State Bank of India, Bank of Baroda and Syndicate Bank are close to committing a part of the $3 billion bridge loan that Tata Motors has to raise to finance the acquisition of Jaguar and Land Rover from Ford.
Tata Motors is giving a much stronger focus on the design of its cars, from planning product life cycle in a better way to incorporating subtle Indian elements to its future models.
Tata Motors may soon set up a car manufacturing unit in Egypt, North Africa. The car major is said to have held talks with an eight-member high-level delegation from Egypt.
...But sales of domestic passenger vehicles dropped 2% to 3% year-on-year in August owing to low demand.
The apex court feels that the Tatas cannot say that they still have interest inland acquisition, as they have moved its car plant out of West Bangal.
The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
'SUV is a very intensely fought category, unlike hatchbacks and cars.'
Tata Motors has posted a profit after tax of Rs 3162.10 million (Rs 316.2 crore) for the quarter ended December 31, 2004 as compared to Rs 2108.80 million (Rs 210.8 crore) in the quarter ended on December 31, 2003.
At a time when others car makers are planning price hikes, Tata Motors on Saturday announced discounts and freebies worth up to Rs 1.5 lakh on purchase ofdifferent models which are valid till the end of this month.
The engine 'is set for a revolution that will change the face of the Indian automobile industry', the company claims.
The company also reported a consolidated total income of Rs 92,519.25 crore (Rs 925.19 billion) during the fiscal against a consolidated total income of Rs 70,880.95 crore (708.8 billion) in 2008-09, the company said in a filing to the BSE on Thursday.
The company aims to be No. 1 domestic car maker.
The compact sedan Zest competes with the established brands like Maruti D'zire, Honda Amaze and Hyundai Xcent.
Prime Minister Narendra Modi on Saturday visited a Tata Motors-owned Jaguar Land Rover factory in the West Midlands region of England that is known as the flagship Indian investment in the UK.
Tata Motors on Monday reported consolidated revenue (net of excise) at Rs 7,702.66 crore (Rs 77.02 billion), an increase of 42 per cent as against Rs 5,428.88 crore (Rs 54.28 billion) in Q2 FY06.
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