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Tata Motors 'BB' rating placed on CreditWatch negative after weak Q2 result
Posted on 5th November 2018
Global Rating agency Standard and Poor's ( S&P) has placed its 'BB' long-term issuer credit rating on Tata Motors Ltd on CreditWatch with negative implication.

The CreditWatch listing follows Tata Motors' announcement of half-yearly results that are below our expectation. The interim results were weaker than expected, dragged down by Jaguar Land Rover, S&P said.

Tata Motors consolidated loss at Rs 1,009 crore on weak JLR performance
Posted on 1st November 2018
Tata Motors on Wednesday reported a consolidated loss of Rs 1,009.5 crore for the three months ended September, primarily due to the loss emanating from the weak JLR performance. In Q1FY19, the company had reported a loss of Rs 1,862.6 crore.

Consolidated revenue rose 3% y-o-y to `72, 112 crore in the September quarter. Revenues from the sales of commercial vehicles were `15,056.9 crore, up 31% y-o-y.

Tata Motors enters racing car space with Tiago, Tigor variants under JTP brand
Posted on 27th October 2018
JT Special Vehicles (JTSV), a 50:50 joint venture between Tata Motors and Coimbatore-based Jayem Automotives, on Friday launched JTP range of performance vehicles – the Tiago JTP and the Tigor JTP. Jayem Automotives is an independent automotive R & D company involved in design, development, testing and manufacturing of a wide range of automotive components, systems and prototypes.

Tata Sons shores up stake in Tata Motors to 34.2% as UK biz faces headwinds
Posted on 22nd October 2018
Tata Sons has increased its stake in Tata Motors at a time when its market capitalisation is eroding and valuations dipping amid uncertainties facing Jaguar Land Rover (JLR), its UK subsidiary.

At the end of the quarter ended September, the Tata Group holding company increased its stake in the flagship firm to 34.2 per cent from 33.3 per cent in June, according to the latest shareholding data shared by the company.

Tata Motors eyes tie-ups with Ola, Uber with new shared mobility platform
Posted on 17th October 2018
New Delhi: Tata Motors Ltd has created a separate division to explore ways to tap its entire range of passenger and commercial vehicles for offering shared mobility solutions, said two people aware of the development. Named Mobility Innovations Hub, the new department is headed by Pankaj Jhunja, formerly with Tata Technologies, said the people cited above, who did not want to be named.

Tata Motors to revamp dealerships ahead of new car launches
Posted on 12th October 2018
Mumbai: Tata Motors Ltd is working on plans to revamp its entire dealership network as it seeks to bolster attempts to stage a turnaround in its passenger vehicle business in India, said a senior company executive.

The nationwide revamp will commence next year because the Mumbai-based auto maker feels its current showrooms are not equipped enough to handle its latest range of cars and sport-utility vehicles (SUVs) including those set to be launched in the future.

Tata Motors banks on rural market to speed up passenger vehicle sales
Posted on 11th October 2018
NEW DELHI: Tata Motors is banking on strong rural buying to accelerate sales, as the passenger vehicle industry witnesses softening demand in major cities. The maker of the Tiago small car organised 500-600 rural sales camps in the past six months, which it said led to incremental sales of more than 10,000 units. It now plans to organise more such sales camps.

Tata Motors launches updated version of Tigor starting at Rs 520,000
Posted on 10th October 2018
Tata Motors Wednesday launched an updated version of its compact sedan Tigor, priced between Rs 520,000 and Rs 738,000 (ex-showroom).

The petrol variants of the model are priced between Rs 520,000 and Rs 665,000, while the diesel trims are tagged between Rs 609,000 and Rs 738,000.

Tata Motors hits 6-year low, falls 13% on weak JLR global sales
Posted on 9th October 2018
Shares of Tata Motors hit a six-year low of Rs 185 per share, down 13% on the BSE in intra-day trade on Tuesday, after the company-owned Jaguar Land Rover (JLR) on Monday, reported a 12.3% year on year (YoY) decline in global sales at 57,114 units in September, hit by lower demand in China. The stock was trading at its lowest level since July 26, 2012, on the BSE.

Tata Motors launches new premium variant of SUV Hexa; priced at Rs 1.5 mn
Posted on 8th October 2018
Tata Motors Monday launched a new premium variant of its lifestyle sports utility vehicle (SUV) Hexa with 16 new features, priced at Rs 1.527 million (ex-showroom New Delhi).

The Hexa XM+ also been made available with an electric sunroof to enhance, which comes with a two years warranty, it said.

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