Deep in Tata Motors' largest factory, engineers don 3D glasses to play with car designs and prototypes projected from a 10-metre wide computer screen. Their quest? The automaker's next blockbuster car model.
Favourable response to launches, recovery in CVs will aid growth.
Close on the heels of the Mukesh Ambani-controlled Reliance Retail's possible entry into the second-hand car market, Tata Motors, the country's second largest automobile major, is planning a similar foray.
The company had got 100,000 bookings in the first phase.
Tata Motors reported a 25.47 per cent decline in its net profit.
With the 40kWh battery and 65kW faster charging, it is now a legitimate primary car for a small family that can handle weekend trips easily, says Rajesh Karkera.
Indian carmakers experienced a robust start to the new fiscal year, with an estimated 4.5 lakh passenger vehicles sold in April, marking a 27 per cent increase year-on-year, attributed to factors like GST 2.0, repo rate cuts, and income tax benefits.
It said total passenger vehicles sales were 45,380 units, in January 2010, a growth of 76 per cent from the corresponding month last year.
Post the transaction, Tata Motors will own 40 per cent stake in Telcon, while Hitachi will have 60 per cent, the company said.
Tata Motors on Friday reported an 84 per cent jump in its global sales at 74,707 units for December 2008, compared to the corresponding month in 2008. The company also posted 137 per cent surge in the sale of its commercial vehicles at 37,326 units in December 2009, it said in a statement. During the month under review, it sold 16,247 units of passenger vehicles, up by 53 per cent, against the same month previous year, it added.
Tata Motors expressed satisfaction over the progress of land acquisition for its proposed small car plant at Singur and plan to launch the vehicle in 2008 as scheduled.
Tata Motors' Nano, the small car seen as a symbol of India's expertise in frugal engineering, is likely to be launched on March 3. Billed as the world's cheapest, the small car's first recipients may be celebrities, including political leaders, social workers, sports stars and film stars.
Life Insurance Corporation of India and DaimlerChrysler, one of the oldest partners of Tata Motors, may refrain from participating in the ongoing Rs 4,145-crore (Rs 41.45 billion) rights issue that is closing on October 20, investment banking sources said. The move comes after Life Insurance Corporation of India expressed its wariness in putting in its bid.
The top 100 tax defaulters owe the exchequer a whopping Rs 1.41 lakh crore.
The country's largest automobile maker's total income from operations, however, fell 7.56 per cent to Rs 6,404.63 crore (Rs 64.04 billion) in the first quarter, the company said in a statement. While the passenger vehicle segment grew by 1.13 per cent at 72,216 units, but the sales of commercial vehicles fell by 4.85 per cent at 49,904 units in Q1 of this fiscal.
The company will offer a total of up to 15,06,44,759 ordinary shares
There were no casualties; a part of the wall was damaged.
The B C Khanduri government seems to be in no hurry to provide concession on lease rent as well as some more land to Tata Motors at the Pantnagar industrial estate.
The Indian car market was on a record nine months decline till July and sales picked up only in August and September.
Trinamool Congress workers, led by party president Subrata Bakshi, on Tuesday stormed into the prohibitory order-bound site of Tata Motors' small car project in Singur cutting about 10 feet of barbed fencing, police said.
The car so far known by the code name 'Kite' will be a hatchback.
Sen said that as per the lease agreement, concluded recently with the company, it would have to pay a lease rent of Rs 1 crore per year for the first five years to the state.
Nissan Motor India aims to achieve a fourfold increase in domestic sales, targeting 100,000 units annually, and export another 100,000 vehicles from its Chennai plant by financial year 2027-28 (FY28), marking a significant revival of its presence in the Indian passenger vehicle market.
Auto major Tata Motors on Thursday reported a 50.65 per cent fall in its net profit at Rs 1,001.26 crore (Rs 10.01 billion) for the 2008-09 fiscal.
India's rapidly ageing truck fleet, with 42% of vehicles over 12 years old, is set to trigger a replacement-driven growth of 3-5% annually over the next five years.
Over the past week, the BSE Sensex ended on a muted note, showing a marginal gain of 2.25 points at 28,114.56.
Tata Motors will launch a diesel-powered version of its ultra-cheap Nano by the end of March 2014, its managing director said, hoping to kick-start demand for the model after years of disappointing sales.
Homegrown auto major Tata Motors on Wednesday unveiled a concept compact sports utility vehicle Nexon along with another concept car ConnectNext.
The auto major said profit was impacted by an exceptional item of asset impairment in its British arm Jaguar Land Rover.
Usually, in the western view, corporate success is attributed to efficiency, organisational structure, and scale. R Gopalakrishnan and Harish Bhat argue that philosophy, culture, and the transmission of values are more important for sustaining growth and profitability of an enterprise over a period of time.
In the two-wheeler segment, Bajaj Auto reported 31 per cent jump in total sales at 357,883 units in February against 273,513 units in the same month last year.
Leading Indian public sector banks State Bank of India, Bank of Baroda and Syndicate Bank are close to committing a part of the $3 billion bridge loan that Tata Motors has to raise to finance the acquisition of Jaguar and Land Rover from Ford.
Tata Motors may soon set up a car manufacturing unit in Egypt, North Africa. The car major is said to have held talks with an eight-member high-level delegation from Egypt.
This is the third consecutive monthly slide.
Auto major Tata Motors has posted a 9.3 per cent increase in its net profit for the second quarter ended September
Jaguar Land Rover will begin assembling premium cars at its new Tamil Nadu plant on February 9, marking a step towards full-scale luxury car manufacturing in India.
Seven listed Tata companies together own 12.1 per cent in Tata Sons with a combined book value worth around Rs 30,700 crore.
Rakesh Jhunjhunwala has picked up a 1.29 per cent stake in Tata Motors. The September quarter shareholding pattern disclosed by the automaker showed Jhunjhunwala holding 40 million shares.
Tata Capital is set to launch India's largest ever initial public offering (IPO) by a non-banking financial company (NBFC), valuing the Tata group firm at Rs 1.38 trillion. This will make the company India's fifth-most-valued NBFC after Bajaj Finance (Rs 6.12 trillion), Bajaj Finserv (Rs 3.2 trillion), Jio Financial Services (Rs 1.87 trillion), and IRFC (Rs 1.59 trillion).
