Tata Motors will undertake shutdown from March 27 to April 6 to carry out maintenance of equipments, particularly, in the paint shop," Debasis Ray, Head of Corporate Communications, said.
Tata Motors on Tuesday said it will increase prices of its commercial vehicles by up to two per cent on account of the new emission norms that will be implemented from April.
From the 30-share Sensex pack, Adani Ports surged nearly 6 per cent. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were the other big gainers. Bharti Airtel, ITC, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the laggards.
From the 30 blue-chip pack, Tech Mahindra, Zomato, Tata Consultancy Services, Infosys, ICICI Bank, Bajaj Finance, Hindustan Unilever and HCL Technologies were the major laggards on Tuesday. Kotak Mahindra Bank, ITC, UltraTech Cement and Tata Motors were among the gainers.
Auto major Tata Motors on Tuesday launched a new version of its small car Nano, which has dual fuel option of petrol and CNG, priced between Rs 2.40 lakh and Rs 2.65 lakh (ex-showroom, Delhi).
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.
Worth Rs 210,024 cr, it is Rs 1,100 cr shy of combined Rs 211,186 cr value of Tata Motors and M&M
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.
The country's largest manufacturer of buses, Tata Motors, will roll out hybrid buses for the domestic market in the next few years, said Ravi Pisharody, its president (commercial vehicles).
Tata Motors on Monday said its global sales increased by 36 per cent in July to 90,646 units on robust demand for both commercial and passenger vehicles.
Equity benchmark indices Sensex and Nifty rebounded sharply on Monday after five days of steep decline amid value buying at lower levels and a rally in global markets. Besides, hectic buying in blue-chip stocks ITC, HDFC Bank and Reliance Industries also helped in market recovery.
Tata Motors has hiked the price of its premium small car 'Indica' by an average of 1.9 per cent with immediate effect.
It is keen on electric cars as battery costs go down
'The customer is fast changing, and she demands newer experiences that wealth can buy.'
The Manza is basically the sedan version of the indigenous hatchback, Indica Vista.
Tata Motors is negotiating with the Jharkhand government to acquire 300 acres of land to set up a vendor park on the lines of the one in Pantnagar (Uttar Pradesh), a senior company official said.
The broader NSE Nifty too ended 98.30 points, or 0.89 per cent, down at 10,918.70.
Benchmark BSE Sensex tanked 824 points to settle at a fresh seven-month low on Monday following heavy selling in IT and oil & gas shares amid weak global trends. The 30-share BSE barometer plunged by 824.29 points or 1.08 per cent to close at 75,366.17 with 23 of its constituents ending lower and seven with gains. During the day the index moved between a high of 75,925.72 and a low of 75,267.59.
Tata Motors Ltd sold and exported 26,253 vehicles during December 2003, a growth of 67.3 per cent over 15,695 vehicles sold during the same month a year ago.
The bellwether scrip was the top gainer on both the key indices - Sensex and Nifty.
After creating a flutter with the world's cheapest car, the Nano, Tata Motors will contribute structural components to one of Boeing's most ambitious projects, the 787 Dreamliner.
Shares of Tata Motors, which surged over eight per cent in morning trade, shed gains to settle up three per cent on the Bombay Stock Exchange and National Stock Exchange as the company launched the world's cheapest car 'Nano'.
From the 30-share blue-chip pack, Mahindra & Mahindra, Zomato, Tata Motors, IndusInd Bank, Reliance Industries, Larsen & Toubro, UltraTech Cement, HDFC Bank, Adani Ports and Bajaj Finserv were among the major laggards. On the other hand, Hindustan Unilever, Tech Mahindra, Nestle, Bharti Airtel and ICICI Bank were among the gainers.
Tata Motors' commercial vehicles segment, which contributes more than half of the company's stand-alone profits and is the biggest truck maker in the country, on Monday said it has seen a slight revival in demand for heavy trucks and hopes for the trend to continue in the festive period.
The sharp fall in commercial vehicle (CV) sales has forced automobile giant Tata Motors to again shut its Pune plant for six days this month. The CV plant will be out of action from December 5 to 7 and again from December 26 to 28.
The legislation revokes the original lease agreement signed between Tata Motors, the country's biggest automobile maker, and the West Bengal Industrial Development Corporation.
Leading automobile company Tata Motors on Friday said it has become the first Indian company producing 1 lakh (100,000) commercial vehicles in a financial year.
Many say Tata Motors has perhaps paid the price for being too ambitious.
Life Insurance Corporation of India (LIC), the country's biggest insurer, said it did not participate in Tata Motors' Rs 4,145-crore rights issue as the shares continued to trade below the offer price till the last day of the subscription today. The move resulted in the issue devolving on the promoters and the underwriter, JM Financial.
The company on Tuesday challenged before the court the RTI commissioner's competence to deal with the matter, with its counsel submitting before Justice Dipankar Dutta that the Right to Information Act was not applicable in case of an agreement involving industrial secrets. Justice Dutta has scheduled the matter for hearing on Friday.
Tata Motors is banking on revotron engine to tap the petrol passenger car segment with three modes of drive.
Tata Motors is likely to team up with its Italian partner Fiat to develop products jointly.
JLR's product pipeline and margin uptick will ensure good revenue and profit growth.
Car-maker sends another strongly-worded letter on vendor park.
Tata Motors was allotted 1,000 acres of prime agriculture land at the Pantnagar industrial estate in the hope that the company would set up its dream Nano project in Uttarakhand. It has now agreed in principle to allot 50 acres more to the auto giant. Tata Motors is seeking 100 acres for housing purposes. Meanwhile, suspense continues over the Nano project being shifted to the hill state.
The 56-year-old German quit the Mumbai-based company after 18 months on the job, citing personal reasons.
Sales of commercial vehicles declined 24.51 per cent in June to 31,384 units from 41,577 units a year ago.
Even as Tata Motors is racing against time to get its new Singur plant near Kolkata ready for commercial roll-out of the Nano by October 2008, the company may need an out-of-the-box solution to overcome some delays in the integrated plant and component park structure proposed for the vehicle.
Mark your calendar! On August 7, Tata Motors is unveiling a revolutionary vehicle -- the Curvv, billed as India's first SUV coupe.
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