The world's largest truck maker Daimler is understood to be selling off its residual stake in Tata Motors for over $400 million.
After more than two years, Tata Motors has dislodged Korea's Hyundai Motors in India from the second spot in monthly domestic passenger vehicle sales. The spurt in Tata's June numbers has primarily been due to a dramatic increase in sales of the Nano, after the mother plant at Sanand in Gujarat went onstream last month, as well as a surge in that of the Indigo.
The price reduction across passenger vehicles is in the range of Rs 6,300 to Rs 69,000.
The scheme has been extended to all categories of employees.
Tata Motors on Tuesday rolled out the first batch of CityRover cars, to be marketed by MG Rover in the highly competitive United Kingdom and European markets.
Kant, an alumnus of IIT-Kharagpur, was managing director of the company before being promoted as vice-chairman five years ago.
The auto maker is on a rough road with demand for both CVs and cars sluggish. With sales of commercial vehicles having barely grown and passenger car volumes dipping in FY08, the street was not expecting much from India's biggest automobile company.
Dealers said the discounts this March are higher than the same month in the previous year.
A digital configurator comprising a three-dimensional graphics-based app will allow customers to choose specifications and align the output generated by the tool to company's back-end manufacturing.
Tata Motors is seeking an image makeover with the curvaceous hatchback, Zica.
From a 15-16-level hierarchy, the organisation is moving to a flat five-level hierarchy.
Fada estimates that global supply chain headwinds like scarce availability of rare earth elements for electric vehicle components and geopolitical tensions may affect urban consumer sentiment in June as well.
After launching the Nano early this week, the country's leading truck and bus maker, Tata Motors, is now looking to set up a truck manufacturing plant in Myanmar with support from the Indian government in the form of financial participation.
"Tata Motors is taking a block closure at Jamshedpur from November 6 to November 8, 2008, to match production with the demand of vehicles produced at the Jamshedpur plant to avoid build-up of inventory either in the company or with our dealers," a company spokesperson said. In October, the company reported 29 per cent decline in commercial vehicles sales at 19,154 units, against 27,103 units in the same month last year.
RIL is also more profitable than Tata Motors.
India's largest auto maker Tata Motors on Tuesday said it will set up in Myanmar a heavy truck manufacturing facility with a capacity of 1,500 units per annum.
Tesla needs to either sell the same models with reduced features to lower the cost for Indian market, or incur losses.
Block closure in the Jamshedpur plant is the second in a fortnight.
To deliver on strategy that late Slym was executing.
Every year, carmakers announce at the end of November or December their plans to increase prices of their vehicles by January.
Jaguar Land Rover will continue to be managed independently.
The Argentinian becomes the first brand ambassador of the company in its 70-year history.
Tata Steel and Tata Motors dropped over 10 per cent each. Larsen & Toubro, HCL Technologies, Adani Ports, Tech Mahindra, Infosys, Tata Consultancy Services, Reliance Industries and Mahindra & Mahindra were the other big laggards.
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.
Tata Motors went ahead with mobilisation of construction equipment at Singur on Monday and enrolment of locals for work on the Rs 1,000 crore (Rs 10 billion) greenfield plant amid heavy security.
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.
He seems to have fallen from a higher floor of a hotel in Bangkok.
The company commenced production in January, 1999. While it achieved the 100,000th car in March 2001, and the 500,000th car in February, 2005, the progression from the 900,000th car to the millionth car was achieved in just 7 months.
Total passenger vehicle sales in the domestic market stood at 18,031 units in November.
As part of other initiatives to connect with the people, the company is organising special training programmes for women in areas such as tailoring, hand gloves making, garments, food products and handicrafts.
So what's special about the Kaziranga range? Rajesh Karkera and Hitesh Harisinghani find out.
Tata Motors on Monday said it would spend over Rs 6,000 crore (Rs 60 billion) in its different plant locations in the next five years for development of its products and assets.
Backed by strong demand for Indian vehicles from markets such as South Africa, Tata Motors has exported more than 50,000 vehicles during 2005-06 showing a growth of over 65 per cent over the previous year.
Maruti Suzuki and Hyundai Motor India on Monday reported a dip in passenger vehicle dispatches to dealers in the domestic market last month as the companies tried to adjust vehicle inventory amid slowing demand. Maruti Suzuki India said it "calibrated supplies" to the dealers, aligning with the industry's retail sales projections amid India-Pakistan conflict and a dip in sales of entry-level cars.
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.
Thanks to the turnaround in JLR's performance, the stock has been the best performer in the large cap auto segment.
The company had sold 73,491 units in the same month last year, Tata Motors said in a statement.
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