Amid a slowing market for light commercial vehicles (LCVs), Mahindra & Mahindra (M&M) has managed to go past Tata Motors and take the top position. While the domestic LCV market has shrunk over five per cent this year, M&M has been able to gain market share. Tata Motors, earlier the market leader, has taken deep cuts, especially in the goods carrier LCV segment.

Car sales surged 21.8 per cent in October, 12th consecutive month of growth, as robust festive season purchases brought much needed cheer to the auto industry.

According to the data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in October this year stood at 1,94,158 units as compared to 1,59,408 units in the same month of 2014.

Shares of Tata Motors have surged over 3% to Rs 409 on the BSE in an otherwise weak market after Tata Motors-owned Jaguar Land Rover launched a new 4.5 billion pounds cost-cutting plan to offset rising emissions cost and the slowdown in China. CLICK FOR FULL STORY.

The project — known as Leap 4.5 — will scrutinise almost every area of spending at Britain’s luxury car manufacturer. The £3-billion-a-year capital budget, focused on research and development and new plants, will be spared.

Because of its size and profits, automotive major Tata Motors has considered itself a frontrunner in the contest to win India's biggest 'Make' category defence project - a Rs 50,000 crore contract to design and build a "future infantry combat vehicle" (FICV) for the army. Now, with the stroke of a pen, the defence ministry has reshaped the formbook.

Last year, thanks to profits from its UK-based subsidiary Jaguar Land Rover (JLR), Tata Motors had a consolidated turnover of Rs 2,63,695 crore and a net profit of Rs 13,986 crore, almost thrice as much as Larsen & Toubro (L&T), its next-biggest rival in the FICV contest.

Auto stocks are in focus with most of the frontline stocks such as Tata Motors, Ashok Leyland, Bajaj Auto, Mahindra & Mahindra (M&M), Hero MotoCorp and Eicher Motors are trading higher between 1%-5% on the National Stock Exchange (NSE).

At 11:06 AM, the CNX Auto index, the largest gainer among sectoral indices, was up 1.7% as compared to 0.23% rise in the benchmark CNX Nifty.

Mumbai: Ace footballer Lionel Messi will endorse Tata cars and utility vehicles (UVs) in India and globally, Tata Motors Ltd said in a statement on Monday. The decision to appoint a brand ambassador, for the first time, comes as the maker of Nano, Indica, Safari, Zest and Bolt brands struggles to connect with the young, upwardly mobile car buyers in a competitive car market, where rivals such as Maruti Suzuki India Ltd, Hyundai Motor India Ltd and Honda Cars Ltd have had greater success.

New Delhi: Singapore-based TML Holdings Pte Ltd, a subsidiary of Tata Motors Ltd that holds or owns securities of companies other than banks, has raised a $600 million loan from six banks, a company spokeswoman said.

“The loan will be utilized to refinance its USD (US dollar) and SGD (Singapore dollar)-denominated loans signed in November 2013,” the spokeswoman for Tata Motors said in reply to a Mint questionnaire on Thursday. Those loans were taken to infuse money into the company’s operations.

Markets have erased early morning losses and are trading in the positive zone led by buying in the information technology and consumer durables shares.

However, metal stocks are still reeling under pressure thus capping the upside.

Tata Motors was trading lower by over 2% at Rs 377 on the BSE on profit booking after the stock rallied nearly 30% thus far in October.

The stock had outperformed the market by surging 29% during the current month as compared to 4% rise in the Sensex till yesterday on improved outlook for sales of its Jaguar Land Rover (JLR), its luxury vehicle business.

Tata Motors, which had lost the tag of the country’s most valued automobile company to Maruti Suzuki in July this year, has added Rs 29,000 crore to its market capitalisation in the past 11 trading sessions.

This has come on the back of a 36 per cent surge in the stock price, triggered by improved outlook for sales of its Jaguar Land Rover arm. JLR, its luxury vehicle business, accounts for 83 per cent of the consolidated revenue. Maruti Suzuki, which has rallied almost 50 per cent in a year on improving market share and margins, has a market cap of Rs 132,306 crore (as on Thursday).

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