Tata Motors is negotiating with the governments of Andhra Pradesh, Tamil Nadu and Maharashtra for grant of stage carriage permits for its passenger carrier Magic, a 4 to 7- seater vehicle. If granted, the permit can be used for local transportation purposes.

With several other states, where the vehicle has been given the carriage permit on specific routes, the company is in talks with the authorities for expanding it to other routes.

Tata Motors has rallied 8% to Rs 322 on the BSE and the NSE in early morning trades on reports that Peugeot in talks with the company to make cars in India. The stock recorded its sharpest intra-day gain in past two years.

Earlier, in September 10, 2013, it rallied 10.8% during intra-day trade after the company's unit Jaguar Land Rover (JLR) reported a strong sales numbers for the month of August. The stock had finally closed 9.9% higher on the BSE.

Tata Motors, India’s largest automaker, is trading at nearly half the price it was only six months ago. On a valuation basis, the stock now trades at 7.7 times its expected FY16 profit numbers, against 24.1 times for car major Maruti Suzuki and 22.6 times for Ashok Leyland, its main competitor in the commercial vehicle segment.

So does it make sense to buy Tata Motors at current levels, given the huge valuation gap with its peers? Nearly 68% of the analysts who track the company say that the stock is a buy, while 8% feel it is a hold and only 24% say it is a sell.

Amid many waiting for the Supreme Court to allow a commercial launch of quadricycles, Tata Motors is aggressively pushing its small commercial vehicle, the Magic Iris, as a replacement for the passenger three-wheeler.

The company, which has staunchly opposed the introduction of quadricycles in India, is holding discussions with various state governments to allow its Magic Iris to be registered as a fare-metered taxi. This will put the five-seater Iris in direct competition to the proposed quadricycle, whose launch has been marred by a series of litigation since the past two years.

Tata Motors stock fell over 2% in the intraday trade on Friday. At 1025 hours, the shares of the firm were at Rs 330.25, down 2.26% from its previous close.

On Friday Morning, Tata Steel, the parent company of Tata Motors, has decided to sell shares of the automaker worth up to $188 million, according to a Reuters report.

Tata Motors today launched the updated version of its sports utility vehicle Safari Storme in Nepal, with price starting at Nepalese Rupees (NPR) 42.25 lakh.

The company, which is showcasing its products at the 11th NADA Auto Show in Kathmandu, will sell the LX variant of the vehicle at NPR 42.25 lakh and the high-end VX Trim at NPR 56.85 lakh.

CHENNAI: Tata MotorsBSE 0.35 % is working on a combination of network expansion, dealer development and product repositioning to turn around its passenger vehicle sales. According to a top company official, this, along with an aggressive new products strategy with plans to launch two new vehicles every year, is expected to help the company regain its position in the industry pecking order. Put in place by Mayank Pareek, president (passenger vehicles business unit), Tata Motors, the new strategy has already helped Tata Motors gain 1 per cent market share in the first five months of this financial year.

Growth of e-commerce is set to drive changes in the preferences for commercial vehicles, giving rise to demand for those which can be on the road for longer period of time, bringing in fundamental changes to the efficiency of country's logistics sector, said officials of Tata Motors.

This would lead to vehicles with higher engine power and having smart tracking systems, they said.

Tata Motors on Thursday said it is expecting business of Rs 600 crore for supplying buses under the Centre's urban renewal programme JNNURM, the second phase of which is underway.

"As far as the orders go for JNNURM, around 50% of the total orders are placed with Tata motors. But the company has taken lead in supply of vehicles under this scheme. So if you take the supplies, it is around 65% of the total buses that are rolled out under this scheme," V S Noronha, Vice President, Tata Motors, told PTI.

New Delhi: Tata Motors Ltd, India’s largest automobile maker, may be just around a year away from launching the first of two vehicles that are the outcome of its collaboration with British marquee brands Jaguar and Land Rover (JLR), which it acquired eight years ago for $2.3 billion from Ford Motor Co.

Tata Motors has awarded contracts to three key Indian auto parts suppliers to source components for sport utility vehicles (SUVs) being built in association with JLR, two people directly involved in the matter said on condition of anonymity.

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