JLR retail volumes increased by only 4% y-o-y in August 2017, which was weaker than our estimates due to lower-than-expected ramp-up of new Discovery and Velar. JLR China volumes continue to grow at strong pace (30% y-o-y) but volumes in other markets declined on a yoy basis. Range Rover Velar has received strong response from customers and has a three-month waiting period across markets. We expect double-digit growth in JLR volumes from October 2017 onwards. We maintain Buy rating.

MUMBAI: Tata Motors would invest Rs 1,500 crore across various segments of freight-haulers to cement its leadership credentials after the country’s biggest truck-maker harnessed a robust product portfolio to help regain some of the lost market-share in the past couple of months.

Contrary to what some would believe the figures are not a result of “GST discounts” but a “strong product portfolio,” supported by greater engagement with dealers and customers, Girish Wagh, the newly appointed head of the commercial vehicles (CV) division told ET in his first interview since taking up the job. “Customers do not buy on price alone, they also buy on comfort.”

Tata Motors and its temporary workers at the Jamshedpur plant who were on a strike since Tuesday today agreed to end the four-day impasse.

The ice-breaker came in after the unions agreed to the management offer to take 200 of the over 4,500 temporary workers on to the rolls annually. At the reconciliation meeting held yesterday, the workers had turned down instead asked for upgrade of at least 500 workers annually.

Shares of Tata Motors dipped more than 1% just after Tata Motors-owned Jaguar Land Rover (JLR) today reported 4.3% increase in retail sales at 38,519 units in August 2017. The stock of the Tata group’s automaker Tata Motors fell as much as 1.27% to the day’s low of Rs 374.1 on BSE today. Over 50 lakh shares of Tata Motors have been traded so far on both BSE and NSE.

Total retail sales for Jaguar Land Rover were at 38,519 units in August which is 4.3% up as compared to August 2016. The said sales during the month grew on the back of the launch of new Range Rover Velar and the long wheelbase Jaguar XFL in China as well as continuing strong sales of Discovery Sport and F-PACE.

Kolkata: Leading automobile manufacturer Tata Motors is now working on alternative plans for its small car Nano whose sales have fallen making its production not a viable proposition, an official of the company said.

Asked about the future of Nano, COO of Tata Motors Satish Borwankar said “going forward, alternative plans for Nano is being considered. Like the electric version of the small car, production of Nano is no longer a viable proposition”.

The tussle between Tata Group and Cyrus Mistry keeps on erupting.

Hours after Tata Motors annual general meeting (AGM) ended, Cyrus Mistry's office issued a statement saying its practice of lending without adequate risk assessment, particularly in the Nano and small commercial vehicle (SCV) segment, led to a huge NPA loss of Rs 4,000 crore for both Tata Motors and Tata Motor Finance.

Mumbai: Tata Motors Ltd Monday said it will invest Rs1,500 crore in its commercial vehicle business (CV) as it seeks to regain lost ground and return to profitability this fiscal year. The car and truck maker is also focusing on cost cutting which will save it at least Rs1,500 crore this fiscal, said Guenter Butschek, chief executive officer (CEO) and managing director.

“Our responsiveness to market volatility was not enough,” Butschek said at a press meeting in Mumbai on Monday. The company has realized the need to shift focus and get the “back bone” right, he added. The CV business is Tata Motors’ cash cow, fetching more than seven out of every ten rupees of its India revenues.

Homegrown auto major Tata Motors said on Monday it will invest Rs 4,000 crore in the current fiscal to bring new passenger and commercial vehicles to the market as part of its turnaround strategy.

The company also expects to save over Rs 1,500 crore and add to the bottom line in its domestic business through various cost optimisation exercises and hopes return to the black in 2017-18.

Chennai: Talk of Tata Motors Ltd and what comes to mind is its only cash cow, Jaguar Land Rover Ltd (JLR), the UK subsidiary that rolls out luxury cars for global markets.

Unfortunately and perhaps coincidentally, since JLR’s acquisition, the standalone entity that was the clear supremo in the commercial vehicle (CV) market in India has run into rough weather. The behemoth’s market share has been steadily going downhill across segments from fiscal year 2010 (FY10) to FY17. If in medium and heavy CVs, it fell from 63.3% to 49.2%, in light CVs where it had a clear head start against competitors, the share contracted from 58.5% to 38.1%. Even in passenger vehicles, its share has slipped from 14.6% to 5.7%.

The stock of Tata Motors on Thursday fell to hit a 15-month low of Rs 380.90 after the automaker reported weaker-than-expected earnings in the April-June quarter. Though Tata Motors posted a net profit of Rs 3,200 crore, it was on the back of a one-time gain relating to recent changes made to JLR pension plan, without the one-time gain the company would have posted a net loss due to a forex loss of Rs 631 crore. So far this year, the stock fell by 19.19%. The stock settled at Rs 380.90 on the BSE. During the day, it ran down 9.77% to Rs 376 — its 52-week low. On the NSE, it slipped 8.61% to end at Rs 380.20.

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