The chairmanship of Tata Motors and Tata Steel after Ratan N Tata steps down at the end of 2012 appears to be an open question. It will be up to the new Tata group chairman, Cyrus Mistry, whether he decides to succeed Tata in heading two of the largest group companies or opt for new chairpersons for them.
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.
Block closure in the Jamshedpur plant is the second in a fortnight.
Auto major Tata Motors on Monday said it appointed Carl-Peter Forster as the new group chief executive of the company.
Tata Motors has seen strong upgrades in volume, top line and profit estimates, after reporting an unexpectedly superlative quarterly global volume performance for Jaguar Land Rover (JLR). It was led by strong demand for the Evoque SUV from the Land Rover stable.
The company's wholly-owned subsidiary PT Tata Motors Distribusi Indonesia has introduced Tata Aria, Tata Vista and Tata Safari Storme in the Indonesian market.
Tata Motors enters Pakistan through Korean subsidiary Tata Motors, India's largest automobile firm, announced on Friday its entry in Pakistan through its subsidiary Tata Daewoo Commercial Vehicle Co.
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.
The scheme has been extended to all categories of employees.
The Tatas sold over 14,466 Indica cars, which was slightly lower than the sales of 14,592 units of the Santro hatchback in January.
He seems to have fallen from a higher floor of a hotel in Bangkok.
In August, Hyundai recorded its highest ever domestic sales for the month with 54,396 units sold, marking a 23.6 per cent Y-o-Y increase. The Creta Electric currently anchors Hyundai's mass-market electric portfolio, while the Ioniq 5 caters to the premium end
Tata Motors is looking to increase passenger vehicle prices from next month in order to make its model range compliant with stricter emission norms which kick in from April 1 next year, according to a top company official. In an interaction with PTI, Tata Motors Managing Director - Passenger Vehicle and Electric Vehicles Shailesh Chandra said the price revision would also offset the impact of commodity prices, which have remained high for the most part of the year. "The regulatory change will have its impact on the cost. Even the real impact of softening of commodity prices is only going to come from next quarter and we still have the residual impact of the commodity escalation that we have seen during the year," Chandra said.
Tata Motors, however, did not elaborate on the various programmes that have been initiated with JLR and other subsidiaries.
Thanks to the turnaround in JLR's performance, the stock has been the best performer in the large cap auto segment.
'Battery electric, hydrogen fuel cell and hydrogen ICE, could be the three technologies which have the potential of being zero emission and that are what we will have to work on,'
Total passenger vehicle sales in the domestic market stood at 18,031 units in November.
The issue comprising 'A' ordinary shares aggregating $550 million and ordinary shares aggregating $200 million has been subscribed 3.4 times, Tata Motors said in a filing to the Bombay Stock Exchange.
Tata Motors on Wednesday questioned the modus operandi of West Bengal government in taking possession of the land allocated to it for its small car project Nano in Singur saying all important decisions in this regard were being taken at "night" or "midnight".
While the Tatas had a lease over 645 acres of land, the rest was for ancillary industries and other purposes.
Tata Motors is seeking an image makeover with the curvaceous hatchback, Zica.
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.
State Bank of India (SBI) has put on the backburner its plan to acquire a stake in Tata Motors Finance, following the Reserve Bank of India's (RBI's) objection.
Tata Motors group's investment for this fiscal is pegged at Rs 28,900 crore, mostly for its British arm Jaguar Land Rover (JLR), company chairman N Chandrasekaran said on Friday. The company will also look to raise capital separately for its electric vehicles (EV) business at an appropriate time. It is looking to have 25 per cent of its sales coming from EVs in the medium to long term, up from 2 per cent at present, he said while addressing the company's virtual AGM.
India's passenger vehicle industry is poised for a record-breaking year in 2026, propelled by robust dispatches in the first half of the calendar year and strong demand for utility vehicles, despite facing several economic challenges.
Under the scheme, customers can now make zero down payment, avail a six-month EMI holiday (only interest needs to be serviced monthly) and access up to 100 per cent on-road funding for a loan tenure of five years, Tata Motors said in a statement.
RIL is also more profitable than Tata Motors.
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.
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.
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.
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.
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
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.
The Mumbai-based firm has lost almost 10 percentage points in market share since 2009-10, even as other brands have fought hard to wrest share away.
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.
Losing market share and market position, Tata Motors is desperately looking at alternatives, especially from its current stable of cars to stem the tide. And it has a whole bunch of variants lined up over the next year or two.
The country's leading commercial and passenger vehicles manufacturer Tata Motors Limited on Tuesday ruled out the possibility of looking for a new partner in the UK after the tie-up with MG Rover Group snapped.
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.
