Tata Motors on Wednesday announced that it has slashed the prices of its passenger vehicles by up to 12 per cent, following the roll-out of the Goods and Services Tax (GST).

"We are offering a price reduction of up to 12 per cent ranging between Rs 3,300 and Rs 2,17,000 depending on the model and variant," the car maker's President (Passenger Vehicles Business Unit) Mayank Pareek said.

NEW DELHI: Tata Motors on Monday announced that its small hatchback car - Tiago - has crossed 1 lakh bookings since its launch in April of 2016.

Made in the company's Sanand facility, the Tiago pointed towards a shift in Tata's styling philosophy. Inputs from design studios in Pune and European centres went into the making of the car which is offered in petrol and diesel variants with two new engines - Revotron 1.2L (petrol engine) and Revotorq 1.05L (diesel engine).

Tata Motors-owned Jaguar Land Rover today reduced prices of its entire vehicle range in India on an average by 7 per cent to pass on benefit of reduced tax incidence under GST.

The company said it is fully geared up for the new tax regime and its vehicles will be available under the new prices with immediate effect from any of its 25 retail outlets across India.

Tata Motors and the Volkswagen (VW) Group, along with its Czech brand Skoda, signed a Memorandum of Understanding at the Geneva motor show in March 2017 to explore a long-term cooperation for joint product development. The alliance was to be centred on the development of a common platform that would spawn bespoke products for the individual brands.

It was initially agreed, after much debate between the two partners, that Tata’s next-gen Advanced Modular Platform (AMP) which offers a significant cost advantage over the VW Group’s MQB-A platform, would be used as the alliance’s common platform.

Huge block deals were executed on Tata Motors and Himatsingka Seide counters on the BSE in Friday's trade.

Tata Motors saw 83.6 million shares or 2.85% of total equity of Tata Group Company exchanging hands on the BSE.

Tata Motors today said it has delivered 30 new buses to the Bengaluru Metropolitan Transport Corporation (BMTC). The new delivery is a part of a larger order of 1385 buses bagged by Tata Motors comprising the Ultra 6/9 BS IV Midi and LPO 1512/55 BS IV buses, the company said. “This next generation fleet of connected Tata Motors buses introduced today, reiterates our commitment towards the use of innovative technologies and concepts in Mass Public Transportation, to meet the current and future needs of Smart Cities like Bangalore,” Tata Motors Vice President, Sales & Marketing R T Wasan said.

Mumbai: Tata Steel Ltd and Tata Motors Ltd are planning to raise a total of Rs1,500 crore by selling bonds in the local market to refinance bank loans, at least three people aware of the development said.

While Tata Steel is looking to raise at least Rs1,000 crore through 10-year bonds, Tata Motors is planning to raise around Rs500 crore through five-year bonds.

The long-term wage settlement (LTS) between the Tata Motors Sanand Union and Tata Motors was amicably agreed upon and has been signed today for a period of 5 years, with effect from October 2015 to September 2020.

The total wage package allotted is Rs 16,000 and will be spread across the LTS term uniformly. In addition to the amount, the company has also introduced a performance-linked payment, which is accounted as 10% of total salary and will be linked to productivity, quality & safety.

Home-grown auto major Tata Motors on Friday reported a 4.39 per cent decline in total sales in May at 38,361 units compared to 40,123 units in the same month last year.

Domestic sales of Tata Motors' commercial and passenger vehicles declined by 3.45 per cent to 34,461 units last month as compared to 35,695 units in May 2016, Tata Motors said in a statement.

India's Tata Motors reported a 17 percent fall in fourth-quarter net profit on Tuesday as losses in its domestic business outweighed strong sales at luxury British arm Jaguar Land Rover (JLR).

Consolidated net profit for the three months to March 31 fell to Rs 4,336 crores ($668.72 million) from Rs 5,211 crores a year earlier. Total income from operations fell 2.6 per cent to Rs 7,8981 crores.

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