Tata Motors declines on weak global sales
Posted on 16th September 2014 |
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Shares of Index heavyweight Tata Motors dipped more than 1% to Rs 506 on the BSE in the early trades after global wholesales in August 2014, including Jaguar Land Rover, stood at 73,524 units showing a declination of 10% from the corresponding month last year. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range stood at 30,536 units and passenger vehicles in August 2014 stood at 11,338 units. |
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Tata Motors gains on bagging an order of 2,700 Urban buses
Posted on 3rd September 2014 |
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Tata Motors has surged more than 2% to Rs 528 on the BSE after receiving an order of approximately 2,700 Urban buses under the Jawaharlal Nehru National Urban Renewal Mission (JnNURM)- II scheme. According to the company, it received an order for 487 units from KSRTC (Karnataka State Road Transport Corporation) and another for supply of 780 units from HRTC (Himachal Road Transport Corporation) for Tata Marcopolo built buses as per “Urban Bus Specifications” under JnNURM - II scheme. |
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Ratan Tata invests in Snapdeal
Posted on 28th August 2014 |
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Ratan Tata, Chairman Emeritus of Tata Sons, has made a personal investment in e-commerce company Snapdeal. This announcement, which is expected to intensify the competition in the online retail space, comes just a day after Snapdeal and Tata Value Homes entered into a strategic alliance. The value of the investment made by Ratan Tata has not been disclosed. |
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Tata Motors, M&M to challenge CCI order of huge penalty
Posted on 27th August 2014 |
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Tata Motors and Mahindra & Mahindra (M&M) on Tuesday said that they would challenge the Competition Commission of India's (CCI) order that imposed huge penalty on auto companies on Tuesday. Mahindra & Mahindra (M&M) – the largest utility vehicle maker issued a statement on Bombay Stock Exchange (BSE) saying, "The company aggrieved by this order proposes to appeal against it before the appropriate forum." |
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Tata Motors pegs 'strong' market share with sales of Zest
Posted on 26th August 2014 |
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Automobile manufacturer Tata Motors is eyeing to capture more market share in the compact sedan market, following the launch of its latest product "Zest", according to a top company official. "Our market share is relatively small. We have the (compact sedan) Indigo in this segment. It is about six per cent. Now with this launch it (market share) will grow quite strongly", Tata Motors Ltd, President, Passenger Vehicle business unit, Ranjit Yadav told reporters here. |
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Carmakers on a bumpy ride: Maruti, Tata Motors, M&M take a hit on CCI's penalty
Posted on 26th August 2014 |
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NEW DELHI: Carmakers such as Tata Motors, M&M, and Maruti Suzuki-0.62 % plunged up to 2 per cent in trade on Tuesday, after the Competition Commission of India imposed a combined penalty of over Rs 2,500 crore on 14 carmakers for indulging in unfair practices in the spare parts market. Tata Motors-0.73 % faces the maximum fine of Rs 1,346 crore, followed by Maruti Suzuki Rs 471 crore, Mahindra & Mahindra Rs 292 crore, General Motors Rs 85 crore, Honda Car India Rs 78 crore. |
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Cheapest car tag hit Tata Nano: Creator
Posted on 21st August 2014 |
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NEW DELHI: Girish Wagh, the man behind Tata Motors' much-touted budget car Nano, has blamed "external factors" for the poor run of the vehicle, while also linking the failure to the last-minute withdrawal of the factory from Singur in West Bengal that led to delays in deliveries. Wagh, the main architect of Nano, also feels that the tag of "cheapest car in the world" badly hit the chances of the model, which actually was meant to be a low-cost innovation. |
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New look Tata Motors to hold on to Indica, Indigo
Posted on 20th August 2014 |
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Even as Tata Motors is looking to reinvent itself by launching some new models starting with compact sedan Zest and followed by two models every year till 2020, it would continue to retain its earlier passenger car models like Indica and Indigo, pinning hopes that early signs of an economic revival could revive sales in this category. "There is no immediate plan to phase out either Indica or Indigo. In the passenger segment, we were a bit under-represented and Zest would start to address that category. But our other brands are very strong in the categories they are in. With economy turning around brands like Indigo and Indica would start growing and it is already happening. |
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Tata Motors hits new high
Posted on 18th August 2014 |
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Tata Motors has rallied 2% to Rs 495, also its record high on BSE, extending its rally on the bourses. In past one week, the stock surged 14% from Rs 433 on August 8, after reporting a robust earnings for the quarter ended June 2014 on back of strong sales of luxury Jaguar and Land Rover (JLR). The benchmark S&P BSE Sensex gain 3.3% during the same period. |
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Zest, Bolt success hold key to Tata Motors car business profits: Moody’s
Posted on 16th August 2014 |
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The profitability of the struggling domestic unit of Tata Motors, especially that of its passenger car division, depends on the success of the newly launched sedan Zest and the forthcoming roll out Bolt, says global rating agency Moody’s. "The profitability of Tata Motors' passenger car business depends on its ability to sell significant volumes of its new Zest and Bolt models," Moody's said in a statement. |
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