India’s largest automobile company, Tata Motors, has set its eyes on being among the top three global commercial vehicle makers and reclaiming its number three spot in the country’s car and sports utility vehicle market.

Addressing shareholders while presenting the company’s 71st annual report, Chairman Cyrus Mistry said the current year would be crucial, entailing new launches.

Tata Motors was trading higher by 3.5% at Rs 474 on the BSE after the company said that its total passenger and commercial vehicle sales rose 8% to 44,276 vehicles in June 2016. The company sold 40,869 vehicles in June 2015.

“Cumulative sales (including exports) of the company for the fiscal were at 123,729 numbers, higher by 6% over 116,504 vehicles, sold last year,” Tata Motors said in a release.

Shares of Tata Motors, India’s biggest automobile manufacturer, crashed more than 11% in morning trade as news of UK’s exit from the European Union spooked markets.

Jaguar Land Rover, Britain’s biggest car maker, which generates more than 90% of profits for the Mumbai-based company, could risk a Pound 1 billion drop in profits by end of this decade, if the UK leaves the EU, as per an internal assessment prepared by JLR.

Exactly a decade ago, National Institute of Design-graduate Pratap Bose made a daring presentation to Tata Group scion Ratan Tata about what Tata Motors design stands for and what it should be.

At that time, Tata Motors was the country's second-largest car maker, but its designs were not really hot favourites. Bose, who had by then worked with Daimler and Piaggio, rooted for a sharper and more aggressive change to Tata design in his vision statement.

Tata Motors which generates majority of its revenue from its British luxury car unit Jaguar Land Rover (JLR) could come under pressure if Britain decides to leave European Union after the June 23 referendum, also known as Brexit. According to Tata Motors website, Jaguar Land Rover contributed 83.2 per cent of the company’s total automotive revenue in 2014-15 compared to 82.2 per cent in 2013-14.

New Delhi: Four months after taking charge of Tata Motors Ltd, Guenter Butschek is preparing to introduce several changes at India’s largest auto maker that will realign verticals such as production, supply, research and development and human resources, in an attempt to remove operational bottlenecks. Currently, these verticals function independently and report directly to the managing director, resulting in a lack of coordination at Tata Motors. The company has often been found wanting at processing demand for its vehicles in the market.

Tata Motors wants to make design the heart of its passenger vehicle business in the home market. Like Apple, which has redefined the way companies sell experiences, Tata Motors wants to connect with the consumers’ senses, not only sell them vehicles. The attempt has been happening for a while now in three design centres of the company — Pune, Italy and Coventry (UK). This is redefining the way the company thinks and connects with the millennials, key target group for most consumer companies.

Shares of Tata Motors and Tata Motors DVR (differential voting rights) have touched their respective 52-week highs on the BSE in intra-day trade Tuesday on strong retail sales in May by its UK subsidiary and luxury car maker Jaguar Land Rover (JLR).

“The all-new Jaguar F-PACE helped propel JLR to its best ever May, with retail sales of 44,946 vehicles, up 18% on May 2015,” Tata Motors said in a press release.

The Indian Army, under its welfare and development initiative, Operation Sadbhavna has tied up with Tata Motors for training of Kashmir youth as Automobile Service Technicians.

The first thirteen-week certified training course has been scheduled at the TATA Motors facility at Ropar, Punjab. 29 younsters from Kashmir have been selected for this course.

Tata Motors today reported a 1 per cent growth in sales at 40,071 units in May compared with 39,496 in the same month last year.

Domestic sales of Tata Motors’ commercial and passenger vehicles rose 2 per cent at 35,643 units during the month as against the same period of previous year.

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