The company has also been exploring the possibility of opening a factory in Mexico.
GST has been hanging fire with the Opposition Congress yet to come on board
Audi's 2015 sales were three per cent higher than its 2014 sales, which stood at 10,851 units.
Tata Motors has roped in international consultants Roland Berger Strategy Consultants (based in Munich) and KPMG to help its British car brands Jaguar-Land Rover trim costs and help manage cash flow.
UK-based workers of JLR rejected a pay hike offer, saying that it falls short of their expectations, giving rise to a possibility of strike.
Industrial conglomerate Tata group has spent $ 133 million in advisory fees related to various buyouts in the last two years, according to data compiled by leading global financial information provider Dealogic. The group has acquired as many as 56 businesses with a total volume of $ 20.6 billion in the last two years, accounting for 82 per cent of their total merger & acquisition volume. Since the year 2002 the Tata group has made as many as 106 acquisitions valued at $ 2mn.
In a statement correcting media stories that appeared on Sunday suggesting its plants would be shut for longer, a company spokersperson said, "The reality is that our annual summer shutdown begins at the end of next week (July 23) as scheduled and will last for two weeks, with the plants due to restart on August 10. This two-week break is actually a week shorter than the traditional three-week break our plants have previously had."
A JLR spokesperson said this offer will apply to nearly 6,000 of its 14,500 employees who are categorised as salaried employees. The rest of the workers are paid weekly. He further said 25 per cent of those to whom this offer was made have already accepted it.
American carmaker Ford is expected to announce on Wednesday the sale of its premium British car brands Jaguar and Land Rover to Tata Motors for a consideration of about $2 billion. Local media reported that the agreement will include a pledge by Ford to contribute to the two brands' pension fund, and by Tata to continue buying engines from Ford both sensitive points with trade unions.
The India foray of the two brands, which debuted in 1922 and 1948, respectively, has been hastened by their new Indian owner, Tata Motors, which took over in 2008 from Ford Motor Company of the US. The spokesperson said Tata Motors would be the distributor of these brands in India.
In London alone there are more than 160 multinational Indian companies. If businesses owned by persons of Indian origin are included, there are over 10,000 Indian owned businesses in London, turning over 7.5 billion pounds, representing 5 per cent of the city's economy.
A year after the Tata group took over the two of Britain's most iconic automobile brands, Jaguar and Land Rover, it is faced with newer and bigger challenges than it would have expected when it paid $2.3 billion to Ford for the acquisitions on March 26, 2008.
Despite what the Nano can do to the country's automobile market, its ability to transform Tata Motors' financials will be limited, says Shyamal Majumdar.
Naxalites on Monday carried out multiple improvised explosive device blasts in Jharkhand's Giridih district, injuring 12 security personnel.
This rating action follows the announcement by Ford Motor Company (Ford, which has a rating-B3/Stable) naming Tata Motors the preferred buyer for Ford's luxury Jaguar and Land Rover car brands.
The company is still short of over Rs 4500 crore (Rs 45 billion) to refinance the debt which is due before June 2 this year. The company had planned to raise the fund for refinancing through three routes. It planned to raise about Rs 4200 crore through rights issues which it managed after the issue devolved on underwriters in October as the stock prices were tumbling globally following the economic crisis.
'The Pakistanis were not the mujahids or terrorists as claimed initially.' .'They were trained soldiers who held state of the art anti-aircraft missiles to shoot down our airplanes.'
Tata Motors made waves when it bought the Jaguar and Land Rover brands. Test your knowledge about the erstwhile owner of these brands -- Henry Ford.
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
According to experts, Tata Tiago JTP and Tigor JTP -- a sedan and hatchback -- are not only powerful and faster than every other car in the segment, but also in the segment above, including their peers Maruti Baleno RS, Volkswagen Polo and others.
Former world champion Niki Lauda said the Scot would be a good solution because of his experience.
Guenter Butschek will start his new job by Feb. 15
A record number of 85 products will be launched.
The Williams Formula One team will present their 2005 driver lineup in Bahrain on January 7, the team said on Monday.
"I am angered that after a long relationship I should get seven minutes notice that they were pulling out," said Eddie Jordan.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
Given the better growth in JLR sales and improving domestic sales, nearly 90 per cent of the analysts covering the stock have a 'Buy' rating.
Most Indians have an Ambassador story. Avishek Rakshit chronicles what made this car such an indispensable part of India's cultural psyche.
At Rs 470,000 for the base petrol variant, Tigor is now the cheapest compact sedan in the country
Bookings for the head-turner are now open on the Tata Motors website, for an initial payment of Rs 35,000 (which will be reimbursed fully on cancellation, the company assures).
'I don't think he would have ended his life if he knew that people loved him so much.'
RIL is also more profitable than Tata Motors.
It has turned around its domestic operations under the HorizoNext strategy
Mercedes Benz E-Class Cabriolet is certainly a head turner.
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
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 Zica was designed by an international team resulting in a more modern look.
Former Ferrari technical director and world championship-winning team principal Ross Brawn stepped back into the Formula One arena on Monday in the new role of managing director for motorsport.
