The US carmaker's entry into India is expected by the last quarter of the current financial year.
Tata Motors on Tuesday said it is rejigging its dealerships with plans to open product category-specific outlets as it looks to increase sales volumes of passenger vehicles.
Tata Motors on Tuesday reported a 13.7 per cent increase in total vehicle sales for the fiscal ended March 31, as compared to the previous fiscal.
Tata Motors will see 'strong operational recovery of its domestic business, which we believe should be the prime driver of stock valuations', Merrill Lynch said in a research report, adding that 'Jaguar Land Rover is likely to recover next year'.
The vehicle is being manufactured in the company's Bhosari plant.
Industry insiders in India warn that any such move in the pharmaceutical sector could be counterproductive for the US as it may face increased drug shortages if tariffs are imposed on such imports.
Tata Motors on Friday said the company's sales jumped 9.1 per cent in November with 34,282 vehicles sold during the month compared to 31,428 unit in the same period last year.
Tata Motors on Tuesday has launched the stylish sedan Zest at a starting price of Rs. 4.64 lakh.
The auto major said profit was impacted by an exceptional item of asset impairment in its British arm Jaguar Land Rover.
Indian Oil Corporation Ltd and Tata Motors Ltd have entered into a strategic alliance for initiating joint marketing activities including the setting up of Tata authorised service stations in select IOC retail outlets.
Tata Motors Ltd has completed the public filing for listing the American Depository Receipts on the New York Stock Exchange.
A company spokesperson said VRS is and will be offered to 'white-collar workers only'. Tata Motors employs around 30,000 people.
The new engine features the Westport WP580 Engine Management System and is designed to support various configurations.
Tata Motors posted robust results for the June quarter, defying market forecasts and registering a 58 per cent rise in net profit for the period.
On the eve of Durga Puja in October 2008, industrialist Ratan Tata announced that Tata Motors would withdraw from the nearly completed Nano car plant in Singur, attributing the decision to Mamata Banerjee's anti-land acquisition movement, which he claimed had derailed what was meant to be a "groundbreaking project" -- the world's cheapest car.
Code-named Pelican, bigger hatchback with new petrol and diesel engines may hit the road next year.
Tata Motors Quarteryl profit down 56 per cent on higher input cost
Companies are ranked by total revenues.
Company MD Ravi Kant meets Chief Minister Buddhadeb, discusses plan.
Tata Motors on Wednesday inaugurated the world's cheapest car, the Nano's, manufacturing facility here, nearly two years after it was forced to shift the plant out of West Bengal over a land row.
Industry sources said Tata Daewoo Commercial Vehicle and Telco Construction Equipment Company might be the first off the block.
Tata Motors, Hero MotoCorp, Ashok Leyland, M&M are up 3-6% on BSE.
One of the challenges on diesel engine is refinement.
Opposition to the idea of quadricycles is a story of sour grapes, says Rajiv Bajaj.
Riding on the back of Indica, which crossed the sales mark of 9,000 units, Tata Motors on Friday reported a 31.3 per cent increase in its October sales at 35,283 vehicles as against 26,862 units in the same month last fiscal.
From the 30-share Sensex pack, Power Grid, Tata Steel, Zomato, Titan, Bajaj Finance, Mahindra & Mahindra, NTPC and Tata Motors were among the major laggards. Kotak Mahindra Bank, Bharti Airtel, HCL Tech, Tech Mahindra, ICICI Bank and Tata Consultancy Services were the gainers.
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.
Tata Motors is the leader in the electric car market with about 62 per cent share.
We call it Nano, they don't have to, says vice-chairman Ravi Kant
Announcing that the company had completed its fund raising for repayment of the bridge loan taken to acquire British marquee car brands Jaguar and Land Rover, Tata Motors said this was achieved by extending the final maturity of $1 billion by 18 months up to December 31, 2010.
Mahindra & Mahindra, Bharti Airtel, Infosys, Tata Motors, Titan, Tata Consultancy Services, Nestle and Maruti were also among the major laggards. HDFC Bank emerged as the only gainer from the pack.
Under the deal that gives Fusion Automotive exclusive marketing and distribution rights within the country, it will first start with a range of commercial vehicles in the fourth quarter of 2013, according to media reports.
Looking to cover lost ground in the car market, auto major Tata Motors unveiled two new models, which it plans to start selling in the second half of the year.
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.
'Every Indian should move to an EV, and the government should not buy any fossil fuel cars. The government should become the first driver of EV adoption.'
From the 30-share blue-chip pack, Tata Motors, Reliance Industries, ICICI Bank, Asian Paints, Nestle India, UltraTech Cement, Larsen & Toubro and Adani Ports were among the biggest gainers. In contrast, Zomato, HCL Tech, Tata Consultancy Services, Tech Mahindra, Kotak Mahindra Bank and Infosys were among the losers.
In May 2005, Tata Motors had launched the Ace, a small truck of 0.75 tonne. The company had studied the market for three-wheeler goods carriers for a while and had concluded that small transporters were ready to switch to a mini truck.
Leading carmakers Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October on account of the global semiconductor shortage impacting production. Kia India, Honda Cars and MG Motor also saw a fall in dispatches last month as compared with October 2020. However, companies like Tata Motors, Mahindra, Nissan and Skoda managed to post positive numbers last month despite the supply chain challenges.
India should focus on producing cheap, efficient and small electric cars over the next five years. "This will boost energy conservation and help cut down carbon emissions," said Ravi Kant, chief executive officer, Tata Motors.
