Tata Motors and a joint venture between Goldstone Infratech and BYD of China have bagged orders to supply electric buses to nine of the 10 cities that had invited tenders in the past two months as part of a pilot partly funded by the central department of heavy industries.

Tata Motors, which emerged as the lowest bidder, will supply 190 buses to six cities – Jaipur, Indore, Kolkata, Jammu, Guwahati and Lucknow – said the company’s spokesperson.

New Delhi: Tata Motors on Monday said it would hike prices of its passenger vehicles (PV) by up to Rs 60,000 from April 1 to offset rising input costs.

The company sells a range of passenger vehicles beginning with Gen X Nano at a starting price of Rs 2.28 lakh to premium SUV Hexa with price going up to Rs 17.42 lakh (ex-showroom Delhi).

Tata Motors’ joint venture in Bangladesh is considering exports of the small commercial vehicle, Tata Ace to Myanmar and north-east India.

While Tata Motors currently has an assembling plant in Myanmar which has the capability to manufacture small commercial vehicles and the company currently caters to north-east India from its Indian plants, exports from Bangladesh is considered to be logistically more viable for the region and can be cheaper than exports from India.

Jaguar Land Rover owner Tata Motors Ltd. had just about 200 women on the shop floor three years ago. Now, it has 10 times that number and is looking to hire more.

In socially conservative India, that may be a tall order. Better educated women from wealthier families aren’t encouraged to work and it’s usually when a man’s salary falls short that women seek jobs.

Tata Motors Finance is restructuring its captive vehicle finance arm. It is trying to sharpen the focus on specific segments such as used vehicles, dealer and vendor finance.

As part of the move Tata Motors Finance, one of the largest financiers of new commercial vehicles, has converted itself into a core investment company (CIC) from a non-banking financial company (NBFC) which was into asset financing, after Reserve Bank of India approval.

Auto major Tata Motors on Tuesday unveiled an electric concept with long range and class defining interiors as part of its plans to consolidate its green mobility portfolio.

Built on a modified OMEGA (Optimal Modular Efficient Global Advanced) EV architecture, the ‘E-Vision Sedan Concept’ is capable of attaining a top speed of 200 km/hr.

Guenter Butschek, the 57-year-old managing director of Tata Motors Ltd, has steered the company’s India operations to a profit for the first time in five quarters. But the bigger task that Butschek claims he has achieved is making the company less vulnerable to unpleasant shocks.

“Don’t blame the market for dropping the ball. The best argument for me was that overall market volume dropped but it’s not enough of a reason to trouble your market share,” Butschek said in an interview.

Tata Motors, the country’s biggest commercial vehicle maker, has largely arrested the declining market share in most segments of the business. In fact, the company has increased its share in light commercial vehicles (LCV) while maintaining the share in medium and heavy commercial vehicles (M&HCV) or trucks. This has helped its domestic business turn profitable during the October-December quarter after five successive loss-making quarters.

New Delhi: Truck makers are preparing to boost production, encouraged by the government’s proposal to raise allocation for infrastructure by more than Rs1 trillion for the year starting 1 April, two people aware of the matter said.

India’s top three truck makers—Tata Motors Ltd, Ashok Leyland Ltd and Volvo Eicher Commercial Vehicles Ltd—have asked their suppliers to ramp up capacity, anticipating an increase in demand for trucks and tippers which are used for road construction, transportation and mining.

Going by Tata Motors Ltd’s December quarter performance that missed profit estimates by a wide margin, the road ahead is likely to be a rough one. The main worry is due to the disappointing performance of its cash-cow Jaguar Land Rover Ltd (JLR) that has been churning out healthy profits for several years and which churned out 90% to 100% of the consolidated profits.

For the quarter, Tata Motors’ consolidated net profit of Rs 1,212 crore missed Bloomberg’s 15-broker average estimate by a huge 48%.

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