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Tata Motors aims Harrier at Jeep Compass, Mahindra XUV500
Posted on 11th December 2018
New Delhi: Tata Motors Ltd, which is on a comeback trail, is betting big on its upcoming SUV Tata Harrier to place itself among the top three passenger vehicle manufacturers on a sustainable basis, a top company executive said.The company, which has been working on a strategy to revive its fortunes in the passenger vehicle (PV) segment for the last couple of years, now believes it has the products and scale to be among the leaders in the segment.

Tata Motors group global sales dip 7% in November to 104,964 units
Posted on 10th December 2018
Global wholesales of all passenger vehicles in November were at 66,429 units, lower by 7 per cent from the year-ago month, Tata Motors said in a statement.

JLR sales were at 49,312 units.


Tata Nexon gets 5 stars for safety from NCAP
Posted on 8th December 2018
Tata Motors’ compact SUV, Tata Nexon, has been awarded a full 5-star adult occupant safety rating by Global NCAP, an internationally-renowned safety accreditation body. The rating is for all variants of Nexon, the first and only car in India to achieve a full 5 stars adult safety rating from Global NCAP, the firm said.

Tata Motors plans large-scale overhaul of its sales network in next 1 year
Posted on 4th December 2018
Auto major Tata Motors is planning a large-scale overhaul of its sales network across the country over the next one year as it prepares to bring in new products, including premium SUV Harrier, a top company official Tuesday said.

The company, which plans to have all its future products on just two platforms -- Omega and Alpha, currently has around 790 dealerships across the country.


Tata Motors falls; Jaguar Land Rover to temporarily cut jobs at UK plant
Posted on 30th November 2018
Shares of Indian automaker Tata Motors Ltd’s fell on Friday after its British unit Jaguar Land Rover said it is going to cut 500 jobs temporarily at its plant in central England.

Shares fell as much as 3.9 per cent to 170.35 rupees, their lowest level since Oct 29, in early trading session. More than 3.9 million shares changed hands by 0411 GMT, compared to the 30-day average of 15.8 million shares.


Tata Motors falls 5% on weak JLR sales in October
Posted on 12th November 2018
Shares of Tata Motors were down 5% at Rs 185 on the BSE after the company’s British arm Jaguar Land Rover (JLR) total retail sales fell 4.6% year-on-year (Y-o-Y) at 44,282 vehicles in October.

JLR’s sales in China decreased by 49% Y-o-Y as market conditions remain challenging amid tariff changes and continued trade tensions with the US, which are impacting consumer confidence and automotive purchases.


Under surveillance: S&P puts Tata Motors’ long-term rating on ‘CreditWatch’
Posted on 6th November 2018
S&P has placed homegrown auto major Tata Motors’ long-term credit rating on ‘CreditWatch’ with negative implications, reflecting the risk that credit metrics could deteriorate.

The move to place ‘BB’ long-term issuer credit rating on Tata Motors on CreditWatch with negative implication follows interim results which were weaker than expected, dragged down by Jaguar Land Rover, S&P said in a statement.


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.

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