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Tata Motors crashes 29% on biggest-ever quarterly loss of Rs 26,960 crore
Posted on 8th February 2019
Shares of Tata Motors nosedived as much as 29.45 per cent to Rs 129 apiece on National Stock Exchange (NSE), their fresh 52-week low, a day after the auto major reported the biggest quarterly loss among Indian corporates as it was hit by asset impairment in its UK subsidiary, Jaguar Land Rover (JLR) Automotive in the December quarter.

Tata Motors to bid adieu to Nano from April 2020
Posted on 25th January 2019
Tata Motors has no plans to invest and upgrade Ratan Tata's dream car Nano to meet BS-VI standards, a senior company official said Thursday indicating that the production and sales of the vehicle would stop from April 2020.

"Nano is produced at our Sanad plant (Gujarat)....in January new safety norms came, in April some more new norms will come and in October new safety norms will come and BS-VI is going to happen from April 1 of 2020, so all products may not meet (BS-VI norms) and we may not invest in upgrading all the poducts.


New Drive: Tata Motors launches Harrier at Rs 12.69 lakh
Posted on 24th January 2019
Tata Motors on Wednesday launched sport utility vehicle (SUV) Harrier at a starting price of Rs 12.69 lakh (ex-showroom, Mumbai) with top-variant being priced at Rs 16.25 lakh.

Harrier is the first Tata car to be built on the Optimal Modular Efficient Global Advanced Architecture (Omega) which is derived from the Land Rover platform.


Tata Motors group global sales dipped 14 pc in December
Posted on 12th January 2019
Tata Motors on Friday reported 13.9 per cent decline in group global wholesales, including that of Jaguar Land Rover (JLR), at 1,00,551 units in December 2018.

Tata Motors’ group global wholesales in December 2017 stood at 1,16,677 units. Global wholesales of all Tata passenger vehicles last month stood at 59,898 units, lower by 14 per cent from the year-ago period, Tata Motors said in a statement.


Tata Motors shares up 3% on JLR India sales boost
Posted on 8th January 2019
New Delhi: Shares of Tata Motors Ltd rose nearly 3% on Tuesday after the company’s UK subsidiary Jaguar Land Rover Plc reported 16.23% increase in its sales in India in 2018.

Tata Motors shares gained 2.34% to ₹179.35 apiece on the BSE after surging 2.99% to ₹180.50 intraday. On the NSE, the stock closed 2.62% higher at ₹179.95.


Tata Motors aims to raise addressable market to 90%
Posted on 27th December 2018
Riding on the success of vehicles such as Nexon and Tiago, Tata Motors has lined up plans to increase its total addressable market to 90% by 2020, as part of its efforts to further expand network and grab more market share from close competitors. Total addressable market (TAM) is the overall revenue opportunity available for a specific product or service, taking into account the expansion scenarios.

Tata Motors: Car sales pick up pace after years in the slow lane
Posted on 26th December 2018
No one would have thought it a few years ago, but Tata Motors’ Nexon today is giving Maruti’s Brezza a run for its money. Whether it’s late Karl Slym’s vision or Mayank Pareek’s marketing skills or both, Tata cars have come of age. At one point in time, Tata Motor’s market share of the passenger vehicles was a mere 3%. Today that has inched up to 6.8%, thanks to the success of Tiago, Tigor and Nexon. Sleeker designs and smoother engines, the cars have it all.

Tata Motors liable to pay tax for possession of chassis, says SC
Posted on 20th December 2018
In a setback to Tata Motors, the Supreme Court has held that the company is liable to pay tax for possession of chassis of the motor vehicles manufactured by it before being delivered to dealers or purchasers.

While upholding the provision of imposing levy of tax under the Bihar Motor Vehicles Taxation Act 1994,


Tata Motors-owned JLR plans to cut thousands of jobs in new year: Report
Posted on 17th December 2018
Jaguar Land Rover will announce plans early next year to cut thousands of jobs as part of a turnaround strategy, the Financial Times reported, citing several unidentified people close to the company.

The UK luxury carmaker, owned by India’s Tata Motors Ltd, will outline the measures in January as part of a three-year cost-cutting program, the report said.


Come Jan 1, you'll have to pay up to Rs 40,000 more for Tata Motors' cars
Posted on 13th December 2018
Tata Motors Thursday said it will hike prices of its passenger vehicles across models by up to Rs 40,000 from January 1, 2019, to offset the impact of rising input costs and increase in fuel prices.

The company's passenger vehicles portfolio ranges from entry-level small car Nano to the premium SUV Hexa, which are currently priced between Rs 236,000 and Rs 1.797 million (ex-showroom Delhi).


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