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Rough ride: Moody’s downgrades Tata Motors on JLR woes
Posted on 21st June 2019
Moody’s Investors Service on Thursday downgraded the corporate family rating (CFR) of Tata Motors (TML) and Jaguar and Land Rover Automotive.

The ratings agency downgraded the CFR of TML and the company’s senior unsecured instruments rating has been downgraded to Ba3 from Ba2 and stated that the outlook remains negative. It also dowgraded the CFR of Jaguar Land Rover (JLR) to B1 from Ba3 and the probability of default rating (PDR) to B1-PD from Ba3-PD.


Tata Motors launches AMT variants of Tigor; price starts at ₹6.39 lakh
Posted on 18th June 2019
New Delhi: Tata Motors Monday launched automated manual transmision (AMT) versions of its compact sedan Tigor with price starting at ₹6.39 lakh (ex-showroom Delhi).

The company has introduced two variants under its Tigor AMT range - XMA and XZA , priced at ₹6.39 lakh and ₹7.24 lakh, respectively, Tata Motors said in a statement.


Tata Motors launches AMT variants of compact sedan Tigor
Posted on 17th June 2019
New Delhi: Tata Motors on Monday launched automated manual transmission (AMT) versions of its compact sedan Tigor with price starting at Rs 6.39 lakh (ex-showroom Delhi).

The company has introduced two variants under its Tigor AMT range - XMA and XZA+, priced at Rs 6.39 lakh and Rs 7.24 lakh, respectively, Tata Motors said in a statement.


Ola Fleet Tech gets Rs 40-crore loan from Tata Motors Finance
Posted on 24th May 2019
Tata Motors Finance Solutions has extended a loan of `40 crore to Ola Fleet Technologies, the cab-leasing subsidiary of Ola, according to documents sourced from business signals platform paper.vc. The loan amount will be used for the purchase of Neo electric vehicles by the company on commercial registration, the documents showed.

Tata Motors reports first quarterly profit for FY19 at Rs 1,109 crore
Posted on 21st May 2019
Reporting its first profit for financial year 2018-2019, Tata Motors on Monday recorded a consolidated net profit of Rs 1,108.86 crore for the three months of January-March 2019.

However, the ongoing stress in the China market for the company’s cash cow, Jaguar Land Rover (JLR), meant it came in almost half of what it was in the quarter ended March 31, 2018. The net profit was, however, much above the Bloomberg consensus estimates of Rs 570 crore.


Tata Motors returns to profit in Q4
Posted on 20th May 2019
NEW DELHI: Automaker Tata Motors swung to profit in the fourth quarter ended March 31, 2019. The automaker reported a net profit of ₹1,117 crore while revenues declined 4% year-on-year to ₹86,422 crore.

Tata Motors had posted a loss for the third-quarter, hurt by an impairment charge for its luxury car unit Jaguar Land Rover. The automaker's loss came at ₹26,993 crore for the three months ended 31 December.


Tata Motors to launch this new vehicle in India soon; may replicate Aces’ success
Posted on 13th May 2019
One of the most famous advertising campaigns in the Indian commercial vehicle (CV) industry is ‘Tata Ka Chota Hathi’, which Tata Motors used as a branding for the Ace light CV (LCV) launched in 2005. The campaign connected well with the product—a reference to its compact size, yet superior strength to carry goods—and the customers. Because of the inherent strengths of the product and because there wasn’t an equally good last-mile transportation LCV in the market, the Ace was a runaway success—the Ace family, comprising of eight models, has sold over 23 lakh units.

Tata Motors in talks with China's Chery Automobiles for India JV: Report
Posted on 9th May 2019
Chinese automaker Chery Automobiles is reportedly keen on a joint venture with Tata Motors for an India entry.

State-owned Chery already has a JV with Tata Motors-owned Jaguar and Land Rover to make cars in China. The partnership was formed in 2012 and helped Jaguar Land Rover open their first assembly facility in Changshu, China in October 2014.


Tata Motors may drop small diesel cars from its portfolio
Posted on 6th May 2019
Auto major Tata Motors may phase out small diesel cars from its portfolio as demand is expected to slow down due to upcoming BS-VI emission norms that would make such vehicles expensive, according to a senior company official.

Already, market leader Maruti Suzuki India (MSI) has stated that it would discontinue diesel models from April 1, 2020, when the BS-VI norms kick in, as it expects the increased cost would put most of the diesel cars, especially the smaller ones, out of reach of small car buyers.


Tata Motors sales dip 20% to 42,577 units in April
Posted on 3rd May 2019
Tata Motors on Thursday reported a 20 per cent decline in total sales during April at 42,577 units as compared with 53,511 units in the same month last year.

The company’s passenger vehicle sales in the domestic market declined by 26 per cent to 12,694 units last month as compared with 17,235 units in April 2018.


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