Tata Motors, however, did not elaborate on the various programmes that have been initiated with JLR and other subsidiaries.
The company is planning the despite facing continued pressure on sales.
Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23 but the strong growth momentum is not expected to carry over to 2023-24 with pent-up demand already been released, according to Tata Motors Passenger Vehicles managing director Shailesh Chandra.
The Mumbai headquartered company also overtook Japanese carmaker Honda to occupy the fourth spot in domestic passenger vehicle market.
'The customer is fast changing, and she demands newer experiences that wealth can buy.'
Retail rates of the fuel will now reflect international movement in oil prices.
Auto major Tata Motors on Monday said it appointed Carl-Peter Forster as the new group chief executive of the company.
In an eventful week ahead, stock market investors will take cues from major events like the US Federal Reserve's interest rate decision, the upcoming Union Budget and Q3 earnings, analysts said.
Tata Motors is looking to consolidate its position in the SUV segment as it marks its entry into the highly competitive mid-size space which is currently dominated by South Korean and Japanese carmakers. The Mumbai-based auto major on Monday launched midsize SUV coupe Curvv with petrol and diesel powertrains with a price starting at Rs 9.99 lakh. The company has already unveiled the electric version of the model in August.
Tata Motors has identified over a dozen overseas markets to sell commercial vehicles by either setting up manufacturing units, assembly lines or tying up with dealers in those countries, a top company official said.
From the 30-share Sensex blue-chip pack, Tata Steel, Zomato, Larsen & Toubro, Tata Motors, Adani Ports, Tata Consultancy Services, HDFC Bank and NTPC were the major laggards. Nestle, Hindustan Unilever, Mahindra & Mahindra, Kotak Mahindra Bank, Asian Paints and Bharti Airtel were among the gainers.
In the commercial vehicles segment, the company's sales declined by 45.83 per cent to 25,738 units in the domestic market during the month compared to 47,515 units in the corresponding month previous year.
The company has refurbished as many as eight models, but it desperately needs to up the ante in the compact SUV and compact sedan segments.
While the electric version will open for bookings starting August 12, the internal combustion engine (ICE) counterparts will make their debut after September 2, says Rajesh Karkera/Rediff.com.
Tata Motors on Tuesday said it is looking to offload stake in its finance arm, Tata Motors Finance Ltd, amid report that the country's largest lender SBI may be buying into it.
Ratan Tata-led Tata Motors on Thursday said that it plans to expand its commercial vehicles business in India and would launch a few more models by this year-end.
From the 30-share blue-chip pack, Bharti Airtel, Power Grid, Bajaj Finance, Nestle, Mahindra & Mahindra, Reliance Industries, Asian Paints, IndusInd Bank, Hindustan Unilever and HDFC Bank were the biggest gainers. Bajaj Finance climbed nearly 2 per cent after the company reported an 18 per cent increase in its consolidated net profit to Rs 4,308 crore for the December quarter.
Indian automobile majors Tata Motors and Mahindra & Mahindra (M&M) have shown interest in taking over the Termini Imerese plant owned by Italy's largest car maker Fiat. Fiat has already decided to relocate the Termini Imerese plant, preferably to cost-effective areas of Poland or Germany, in 2011.
The Sway, which is the likely name for the Zica sedan has been codenamed as Kite 5.
Tata Motors subsidiary Telco Construction Equipment Company Ltd (Telcon) has opposed a proposal to the Foreign Investment Promotion Board (FIPB) from John Deere for a joint venture with Ashok Leyland to distribute and market its construction equipment in India.
The company is also working on various other measures such as enhancing quality of manufacturing facilities and improving customer buying and after sales experience.
Sales of commercial vehicles declined 23.8 per cent in July to 31,150 units from 40,882 units a year ago.
Though strikingly similar to the Tiago, the Tata Tigor takes the design quotient a notch higher, says P Tharyan.
Overall, volume growth is likely to be in the range of 3-8 per cent for two-wheelers and 5-7 per cent for passenger vehicles owing to healthy demand from urban and rural areas and pending order books.
Tata Motors Ltd said on Thursday that it sold a total of 26,862 vehicles in October 2003 compared to 19,306 units during the same month of the previous fiscal, an increase of 39 per cent.
he Manza is being offered with four variants in two engine options petrol and diesel. Both these engines are the same as those inside partner Fiat's Linea sedan. With the engines manufactured at the joint venture plant at Ranjangaon, the company hopes to reap the benefits of scaled-up production and pass these on to its customers.
Investors became richer by nearly Rs 8 lakh crore on Wednesday as benchmark BSE Sensex surged by 740 points amid value buying in utilities and power shares and a strong trend in global markets. The 30-share BSE Sensex surged by 740.30 points or 1.01 per cent to close at 73,730.23.
During the day, it tanked 634.38 points or 0.78 per cent to 80,050.07. The NSE Nifty declined 137.15 points or 0.56 per cent to 24,198.85. "The near-term market construct has turned weak, with FIIs turning sellers on rallies.
The company had sold 1,01,112 units in the same month of 2013.
The company whose sales slumped 37 per cent in the nine months to December hopes to stem the tide with a slew of launches starting with the Zest and Bolt.
From the 30-share Sensex pack, Bharti Airtel, Mahindra & Mahindra, UltraTech Cement, Adani Ports, Reliance Industries, Larsen & Toubro, JSW Steel, Hindustan Unilever, Titan and Tata Motors were the biggest gainers. Power Grid, Nestle, State Bank of India and Infosys were the laggards.
The company, however, did not specify how much capital it has planned to raise from the public through this initiative and also the purpose for such a step. This is the first time since 1995 that Tata Motors is borrowing from the public. On Monday, Tata Motors had announced borrowing from the public by offering up to 11 per cent annual interest for a period of up to three years.
Karl Slym, managing director of India's Tata Motors Ltd, died after falling from a hotel room in Bangkok in what police said on Monday could be possible suicide.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 1,65,654 crore (Rs 1.65 trillion)
.jpg)
Strategy might not help revive volume growth in passenger vehicle sales.
The Nano may ultimately be a winner but cannot turn around the company in the near term. For the present, Tata Motors continues to stare at a weak demand for both commercial vehicles as also cars. While CV volumes were lower by 51 per cent y-o-y in January 2009, compared with a fall of 46 per cent y-o-y in the December 2008 quarter, to revert to the mean could take a while given that the downturn in the economy persists.
The 997-acre plot in Singur handed over by the West Bengal government to Tata Motors is likely to remain in the hands of the company and can be returned only after a year or so.
Equity benchmark Sensex on Thursday plunged about 965 points to crash below the 80,000 level due to heavy selling in global equities after the US Federal Reserve signalled fewer rate cuts next year. Besides, deep losses in consumer durables, banking and IT stocks amid foreign fund outflows added to the gloom, analysts said.
The order comes in response to a petition filed by Jaguar Cars Ltd seeking to quash the decision of deputy registrar of Trade Marks, Kolkata.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances