Auto major Tata Motors on Wednesday said it will shut down its commercial vehicle plant in Pune for three days -- the second time within 15 days -- to prevent inventory build up on account of falling sales.
The company has refurbished as many as eight models, but it desperately needs to up the ante in the compact SUV and compact sedan segments.
From a 15-16-level hierarchy, the organisation is moving to a flat five-level hierarchy.
Tata Motors, India's biggest bus and truck maker, said it aimed over 10 per cent sales growth this year on the back of rising demand for both light and heavy commercial vehicles.
The company took five years to sell the 250,000 units of the Nano.
In the commercial vehicles segment, the company's sales declined by 45.83 per cent to 25,738 units in the domestic market during the month compared to 47,515 units in the corresponding month previous year.
The country's largest auto company reported a total sales of 75,775 units across its various international operations, which include Tata Motors, Tata Daewoo and the Hispano Carrocera range of commercial vehicles, Tata passenger vehicles and the British marquee brands Jaguar Land Rover.
"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.
Slym doesn't face such an epic challenge - after all, his company is profitable, has a trustworthy brand, deep pockets and a vast distribution.
Tata Motors has hiked the price of its premium small car 'Indica' by an average of 1.9 per cent with immediate effect.
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.
Tata Motors Ltd sold and exported 26,253 vehicles during December 2003, a growth of 67.3 per cent over 15,695 vehicles sold during the same month a year ago.
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Strategy might not help revive volume growth in passenger vehicle sales.
Tata Motors plans to showcase over 20 passenger and commercial vehicles at the upcoming Delhi Auto Expo.
Tata Motors plans to have 10 new battery electric vehicles (BEVs) in its domestic product portfolio by 2025 as it looks to drive its business model towards sustainable mobility going ahead, as per Tata Motors chairman N Chandrasekaran. In his message to the shareholders, he noted that the auto major aims to be amongst the world leaders in sustainable mobility solutions and as part of that it is also exploring tie-ups in cell and battery manufacturing to secure supplies for its portfolio of green vehicles. "In India, EV penetration in our portfolio has now doubled to 2 per cent this year and we expect penetration to increase exponentially in the coming years. "Tata Motors will lead this change in the Indian market. By 2025, Tata Motors will have 10 new BEV vehicles and as a Group, we will invest proactively to set up charging infrastructure across the country," Chandrasekaran informed shareholders in the company's Annual Report for 2020-21.
Company officials hope that a slew of recent measures will help revive sagging volumes.
Tata Motors' 2022-23 (FY23) January-March quarter (fourth quarter, or Q4) results were better than Street estimates, with strong showing across Jaguar Land Rover (JLR), as well as commercial and passenger vehicle businesses in the domestic market. The company posted its highest consolidated top line and operating profit, with growth of 35 per cent and 46.5 per cent, respectively, over the year-ago quarter. While the top line was aided by a 49 per cent growth in the JLR unit, all key segments reported margin expansion.
The Sway, which is the likely name for the Zica sedan has been codenamed as Kite 5.
The company is also working on various other measures such as enhancing quality of manufacturing facilities and improving customer buying and after sales experience.
This is the first time that a car brand will be selling its merchandise on the website.
The company had sold 1,01,112 units in the same month of 2013.
The order comes in response to a petition filed by Jaguar Cars Ltd seeking to quash the decision of deputy registrar of Trade Marks, Kolkata.
After creating a flutter with the world's cheapest car, the Nano, Tata Motors will contribute structural components to one of Boeing's most ambitious projects, the 787 Dreamliner.
The company whose sales slumped 37 per cent in the nine months to December hopes to stem the tide with a slew of launches starting with the Zest and Bolt.
Sales of commercial vehicles declined 23.8 per cent in July to 31,150 units from 40,882 units a year ago.
Cars like the Land Rover Evoque, endorsed by Victoria Beckham, have more women customers than men.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 1,65,654 crore (Rs 1.65 trillion)
Though the workers have not gone on strike, they moved the labour department for not receiving any wage hike since 2015.
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.
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.
Be it the name, the design and communication campaign and the engagement processes being imagined between the brand and its buyers, the company is casting its cars in a new mould, reports T E Narasimhan.
Tata Motors on Wednesday said it has expanded the Tiago range with the launch of a new sporty trim, Tiago NRG, with price starting at Rs 6.57 lakh (ex-showroom Delhi). The new sporty version of the hatchback comes with high ground clearance, bigger tyres, body cladding and roof rails to give it a SUV look. The Tiago NRG is powered by 1.2 litre petrol powertrain (86 PS power) which comes mated to five speed manual and AMT (automated manual transmission) transmission. The model has a four star safety rating by Global NCAP.
At home, passenger and commercial vehicle sales have suffered from an environment of high interest rates and fuel prices in an economy growing at its slowest pace in a decade.
Sales of luxury brands from Jaguar Land Rover were at 30,094 units during May, up 35 per cent from the same month last year, Tata Motors said in a statement.
Though strikingly similar to the Tiago, the Tata Tigor takes the design quotient a notch higher, says P Tharyan.
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' UK-based subsidiary, Jaguar Land Rover or JLR, reported a muted operational performance in the December quarter of financial year 2021-22 (Q3FY22). The luxury carmaker saw a 33 per cent year-on-year (YoY) decline in wholesale volumes to just under 70,000 units in Q3, against estimates that were 16 per cent higher. The drop in despatches to dealers was on account of shortage in semiconductors.
The country's leading automakers Maruti Suzuki and Hyundai Motor reported a decline in dispatches to dealers in March as shortage of electronic components impacted production. On the other hand, Tata Motors, Skoda and Kia India posted their highest ever monthly wholesales last month. Toyota Kirloskar Motor said its dispatches in March were the highest in the last five years while Mahindra & Mahindra also reported a robust increase in its passenger vehicle dispatches in March.
