BMW is over-capitalised and is awash with cash and it could quickly lower JLR's investment costs and raise margins by leveraging its own platforms, powertrains, purchasing scale and quality control.
This will ensure its vehicles reach dealers much faster and delivered to buyers in a maximum of three days, reports Shally Seth Mohile.
Powered by Ziptron technology, the electric SUV for the personal segment comes with a range of 312 km on a single charge and a high voltage system, fast charging capability, extended battery life and class leading safety features. Besides, it has 35 connected car features as well. The Nexon EV will be available in three trim levels across 60 authorised dealerships in 22 cities, the company said at the launch.
Among the cars unveiled at the Auto Expo on Wednesday was Mahindra and Mahindra's e-KUV for Rs 8.2 lakhs ex-showroom Delhi. With a single charge range of 150 km and a 55 min fast charging upto 80 pc, it was both a head-turner and a conversation-starter.
The range will also be gradually introduced in South Korea, South Africa, the SAARC countries and the Middle East. "The developing infrastructure in India makes it possible for transporters to reap the benefits of trucks with higher power, speed and carrying capacity. The new range from Tata Motors will meet those needs and will help us penetrate international market more effectively and competitively," Tata Sons and Tata Motors Chairman Ratan Tata said.
Tata Motors on Wednesday said it has extended warranty and free service period by one month for those commercial vehicle customers whose tenures are due between April 1 and June 30 amid the second wave of COVID-19 pandemic. Bajaj Auto, too, extended the free service period of all its brands in the country till July 31. In view of the restrictions announced by several state governments across the country to curtail the spread of the COVID-19 virus, Tata Motors has extended warranty and free service period for all its commercial vehicles that were scheduled to expire in the period of April 1 to June 30, 2021.
The IPO wave of 2025 is here, and it's bigger than ever. From fintech unicorns to financial powerhouses and infrastructure giants, some of India's biggest names are all set to make their stock market debut. PhonePe, Zepto, Tata Capital, NSE, NSDL, and JSW Cement are just a few of the highly awaited listings that have investors and analysts buzzing with excitement.
Managing Director Ravi Kant said that 75 per cent of the company's purchases from vendors were covered by a tripartite arrangement, between vendors who had chosen to be covered by the scheme, Tata Motors and banks. As per the scheme, the bank paid the vendor and Tata Motors paid the bank, he said. "For the remaining 25 per cent purchases, there could be some delays," Kant said, without giving details about the outstanding debt or when payments will be made.
Safari Storme powered by 2.2 litre VariCOR engine, turbocharged with Variable Turbine Technology, delivers 140 PS Power and 320 NM Torque.
The company believes there is a shift in consumer demand, more buyers could opt for Skoda in future
Siam argues that a 2040 ban could destabilise ongoing and future investments and threaten millions of jobs in the automotive value chain.
The commercial vehicle business is one of the mainstays for the Tata group, highlighting the importance of Girish Wagh's appointment.
Zest buyers are forced to wait up to six weeks for the automated manual transmission version, available only on this car in the compact sedan segment.
Tatas have a presence in Korea following the acquisition of Daewoo's heavy commercial vehicles business some years ago.
'We want to be number three by 2018 and every month we are moving closer to that ambition.'
However, raised prices of its sport-utility vehicles by up to Rs 11,000.
Increasing competitive intensity in JLR's key luxury car market and weakness in domestic business dampen sentiment.
Even as New Delhi turns up the heat on Turkish firms over Ankara's public embrace of Islamabad, Indian companies rooted in Trkiye are staying put. Mahindra & Mahindra (M&M), Dabur India, and Jubilant FoodWorks say it's business as usual, with no plans to alter course despite the geopolitical chill.
The net proceeds of the fund raising will be used to repurchase certain equity shares issued to Tata Motors and for general corporate purpose.
Be it the name, the design and communication campaign and the engagement processes being imagined between the brand and its buyers, the company is casting its cars in a new mould, reports T E Narasimhan.
Ratan N Tata, chairman of the Board of Tata Motors, said, "Board respects Carl-Peter's personal circumstances that led to this move. We would like to thank him for his contributions to the successful development of our company in his role as Group chief executive officer and managing director."
V Sumantran has resigned from the post of executive director of Tata Motors.
Tata Motors, India's largest automobile company, on Monday said it has entered into a joint venture with Thailand's Thonburi Automotive Assembly Plant Co to build, assemble and sell pick-up trucks in that country.
Total revenue from operations however rose to Rs 67,081.29 crore as compared with Rs 59,818.22 crore in the year-ago period
The business will also see a change of guard. Shailesh Chandra, president of EV and corporate strategy, will replace Mayank Pareek as president of PV business, including EV, with effect from April 1. Pareek will be superannuating from the company after a six-year stint at the end of February 2021. Chandra and Pareek will work on transition over the next few weeks.
As it makes inroads into the quality-conscious global markets, Tata Motors on Wednesday said it was in the process of "shrinking" vendor base as part of a "strategy" to rationalise supplier chain.
Tata Motors, a regular at the Geneva Motor Show, has shown several concepts that have eventually turned into production realities.
During the festive season, dealers of Tata Motors reported a robust pick-up in demand for the Nano.
According to figures released by Society of Indian Automobile Manufacturers on Monday, Tata Motors exported 498 units last month as compared to just a single unit in the corresponding month last year.
Leading automobile manufacturer Tata Motors Limited has shortlisted West Bengal as the possible location for setting up a greenfield truck manufacturing unit.\n\n
Guenter Butschek will start his new job by Feb. 15
The updated Aria will be available in three variants, with the base model priced at Rs 9.95 lakh (ex-showroom Delhi).
Tata Motors on Wednesday forayed into the CNG segment with the launch of Tiago and Tigor trims, priced between Rs 6.09 lakh and Rs 8.41 lakh respectively (ex-showroom Delhi). The Tiago iCNG range is priced between Rs 6.09 lakh and Rs 7.64 lakh while the three variants of Tigor iCNG are tagged at Rs 7.69 lakh, Rs 8.29 lakh and Rs 8.41 lakh respectively. With the launch, the homegrown auto major plans to strengthen its position in the CNG market which has been growing at a fast pace. "It is very clear that the CNG segment is going to witness a steep growth over the next few years.
Tata Motors is planning to invest Rs 15,000 crore in the EV segment in the next five years, a top company official has said. The company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is also planning to develop around 10 more new offerings in the segment, president for Passenger Vehicles Business of Tata Motors Shailesh Chandra said. "As far as future is concerned, in next five (years) we will invest Rs 15,000 crore in electrification.
"There was an unprecedented traffic flow of around 40 million and the website crashed for sometime. It was restored later," sources told Business Standard. A company spokesperson also confirmed the development, but added that the website was immediately restored. The website had put up information on Tata Nano, the application forms for booking, financing details, dealer locations and pictures of the car on its website.
