With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
India's largest automotive group said it had received 203,000 pre-paid orders worth Rs25bn ($507m) for the Nano, the world's cheapest car, which it put on sale for a 16-day booking period which ended on April 25.
Coventry-based Nick Seale of the Warwick Manufacturing Group believes that the takeover will also be of global and historic significance. Seale said: "When the history of the motor industry is written, they will look back on this event as one of the key turning points.
Just hours after returning to Mumbai, Ravi Kant, managing director, and C Ramakrishnan, CFO of Tata Motors addressed the press on a conference call. Excerpts from the call.
After a string of foreign deals in the last few years, including Tata Motors' purchase of Land Rover and Jaguar brands from Ford for $2.3 billion this year, attempts by Indian companies to acquire assets abroad are increasingly hitting roadblocks. At least, the recent attempts by Indian companies suggest so.
First time in 13 years the company has declined payment of dividend.
Speaking to MPs from the West Midlands in the House of Commons during his recent visit, Tata said jobs at the research centres at Whitley and Gaydon were secure at least until 2012. A fresh business plan is expected to be drawn up for the company in 2012. Coventry South MP Jim Cunningham told reporters after the meeting that Tata indicated the possibility of employing more workers at the two centres.
Former Ferrari technical director and world championship-winning team principal Ross Brawn stepped back into the Formula One arena on Monday in the new role of managing director for motorsport.
Mahindra & Mahindra, the Indian carmaker, confirmed Tuesday that it had pulled out of a $1bn joint venture with Renault and Nissan to set up a factory near Chennai.
The 30-year-old Indian driver said he'd be delighted to get back to racing, but he's definitely enjoying his time at Williams.
India's motor racing ace Narain Karthikeyan could be in line for a Formula One comeback as replacement for dropped Dutch driver Christijan Albers.
Will the Indian auto giant manage to take Jaguar and Land Rover off Ford's hands?
Tata Motors made waves when it bought the Jaguar and Land Rover brands. Test your knowledge about the erstwhile owner of these brands -- Henry Ford.
Tata Motors has succeeded in securing a $3bn banking facility for its purchase of Jaguar and Land Rover from Ford Motor, which should clear the way for the deal to close next week. Tata's ability to raise the money in spite of the turmoil on debt markets represents a vote of confidence in the Indian company and removes one of the last main obstacles to the deal.
IT Department asks car dealers to furnish ledgers of all customers who have booked vehicles from November 1.
Apart from a pavilion of vintage cars, there will be a Bollywood corner
"The toughest part was continuing to believe that we could do it," Tata told journalists covering the Auto Expo in New Delhi, where he unveiled the lowest-priced car in the world. He added that "a promise is a promise", hinting at the ability of his company to deliver even in the face of brutal scepticism.
Sachin Tendulkar, Virat Kohli, Katrina Kaif, Ranbir Kapoor and Alia Bhat all turned up at the 13th edition of the gala car fair.
Sensex ends belowe 26,800 on domestic concerns.
India's corporate honchos spent a considerable time and energy this year at deal tables and executed over thousand transactions involving sale or purchase of equity stakes in their companies. On an average, every single day of 2007 saw about three deals being announced. This included a total of 1,047 merger and acquisitions as well as private equity deals for a total value of $68.32 billion (about Rs 2,75,000 crore).
'Rafales can play an important role in doing DEAD (Destruction of Enemy Air Defence) on the Surface-to-Air Missiles that the Chinese have put on Tibet'
This is the first time that a US firm like Raytheon has offered to provide technology for the licensed production of a precision guided weapon system though firms from other countries have offered expertise to build similar systems.
The Pilotless Target Aircraft Lakshya was used as a support system providing the target for the exercise, defence sources said.
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
Dr Ravi Prakash's 250 vintage car collection includes J R D Tata's 1940 Buick Limousine and a Sunbeam-Talbot used by Lord Mountbatten.
During the exercises, the Navy's Sea Harriers would operate sorties from the French carrier.
Though ythe IAF has for the past few years been participating in bilateral exercises with foreign air forces, this will be the first exclusive IAF exercise in seven years.\n
After having one of the most fabulous weddings, with modern touches, Prince Harry and Meghan -- the Duke and Duchess of Sussex -- danced the night away at their second wedding reception at Frogmore House.
A list of the top 50 sportspeople as they stand at the end of 2003.
The branding exercise is estimated cost Rs 100-200 crore to the Tata Group.
'Searching for the target with bare eyes was like searching for the needle in the haystack, but due to the technology, we had a clear picture of the seven tents perched against the rocky background on our scopes.'
In 2013, India had displayed the Inter Continental Ballistic Missile Agni V during the Republic Day Parade. The chief guest at that time was Bhutanese King Jigme Khesar Namgyel Wangchuck.
Atletico Madrid have moved to strengthen their forward line for next season following the exit of Mario Mandzukic by agreeing to buy Colombia striker Jackson Martinez from Porto.
Jenson Button has been called many things in his young life. Captain Sensible is not one of them. Until now.
The company has also been exploring the possibility of opening a factory in Mexico.
The new Jumanji can easily be enjoyed by those unfamiliar with the original, feels Sukanya Verma.
According to experts, Tata Tiago JTP and Tigor JTP -- a sedan and hatchback -- are not only powerful and faster than every other car in the segment, but also in the segment above, including their peers Maruti Baleno RS, Volkswagen Polo and others.
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
