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.
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.
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.
After rallying over 300 points, the 30-share BSE Sensex ended 169.14 points, or 0.42 per cent, higher at 40,581.71. Similarly, the broader NSE Nifty settled 61.65 points, or 0.52 per cent, higher at 11,971.80.
Other major gainers were Tata Steel, Yes bank, Axis Bank, Maruti Suzuki, Tech Mahindra and TCS -- rising as much as 7.09 per cent.
Tata Motors said on Friday it has bagged the order for supplying 500 non-AC state-of-the-art low-floor CNG buses from Delhi Transport Corporation.
With swanky showrooms and VR-enabled sales platforms Maruti Suzuki, Tata Motors, and Skoda bet on shine and gloss,and place their faith in experiential branding.
The company has raised the rates of its utility vehicles Sumo and Grande MK II by Rs 7,800-Rs 10,300.
Appearing for West Bengal government's industries department, senior counsel Kalyan Banerjee claimed before the division bench that it did not have jurisdiction to hear the case.
The National Stock Exchange (NSE) is set to launch India's largest initial public offering (IPO), estimated at Rs 30,000 crore. This mega public issue will surpass previous records held by Hyundai Motor India and Life Insurance Corporation of India (LIC), marking a significant event in the Indian stock market. The move comes as India's primary market shows signs of recovery after a period of slowdown.
The company's domestic market share is down to low single digits from nearly 15 per cent a decade ago and its bread-and-butter commercial vehicle business faces a slowdown as well as intense competition.
Tata Motors on Thursday reported a 42.9 per cent rise in its sales during the fiscal 2003-04 at 3,14,256 vehicles, including exports, as against 2,19,865 units sold in the previous year.
Tata Motors Quarteryl profit down 56 per cent on higher input cost
Companies are ranked by total revenues.
Jaguar Land Rover has reached an agreement with Tata Motors to be an exclusive importer of these premium saloon cars and utility vehicles.
Under the passenger car division, the company sells small car Nano, hatchback Indica series and Indigo family of sedans.
Tata Motors, India's third-biggest carmaker, on Wednesday said it would invest a little over Rs 800 crore (Rs 8 billion) this fiscal for capacity expansion, product development and marketing.
Tata Motors is planning to invest Rs 15,000 crore in the EV segment in the next five years, a top company official has said. The company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is also planning to develop around 10 more new offerings in the segment, president for Passenger Vehicles Business of Tata Motors Shailesh Chandra said. "As far as future is concerned, in next five (years) we will invest Rs 15,000 crore in electrification.
Tata Motors said it may invest about Rs 600 crore (Rs 6 billion) to develop Futuristic Infantry Combat Vehicles (FICV) and set up a manufacturing plant for rolling out FICVs for the Indian Army.
A price war started by German car makers in China may eat into JLR margins and volumes.
The Nifty ended down 29 points at 4,750.
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.
India's electric passenger vehicle market saw an 87.4 per cent year-on-year increase in FY26, reaching 233,246 units, primarily driven by the mid-size SUV segment (20-30 lakh price bracket), while the entry-level segment (sub-10 lakh) experienced a decline.
Seven listed Tata companies together own 12.1 per cent in Tata Sons with a combined book value worth around Rs 30,700 crore.
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.
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.
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).
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
