MUMBAI: Tata Motors, among the top 10 truck & bus manufacturers' globally, today announced completion of over 100 crore or 1 billion kilometers with Delhi Transport Corporation (DTC) in 7 years - one of the largest CNG-powered bus service operators in the world.

With 2682 buses, including low and semi-floor A/C and Non A/C variants, Tata Motors 2.50 % DTC buses operate from 22 bus depots spread across New Delhi, ferrying over 30 lakh passengers, covering approximately 4.70 lakh kilometers daily, with a fleet availability of 96%.

Tata Sons the holding company for $ 109 billion Tata Group has appealed in the Supreme Court against an estimated Rs 300 crore sales tax demand from Maharashtra state government.

In January 2015, the Bombay High Court had upheld the state tax department's decision to collect sales tax from the Tata Sons for the royalty it charges from group firms for using Tata brand name.

The BSE benchmark Sensex seems to be under-reporting the extent of pain gripping the broader market. Nearly a third of the BSE 500 companies (176 stocks) have lost all the gains they made since the Narendra Modi-led government took charge at the Centre on May 26 last year. And, more than 10 per cent (40 of 498 companies) have lost at least half their market value during the past 15 months.

The biggest losers have been infrastructure companies, metal makers, power generators, sugar companies, real estate developers and oil & gas companies, among others. The losses came at a time when, incidentally, infra and capital expenditure-related companies were supposed to be the biggest beneficiaries of the Modi government's infra spending push.

Tata Motors will have a wider presence in the pick-up segment in the next three years, as demand for the lighter, quicker and faster commercial vehicles gathers pace in India.

The Mumbai-based company, which has a market share of 12 per cent in the pick-up segment, is working on a variety of projects. At least three pick-ups will be launched by the company in the next two-three years, said a senior official of the company.

Shares of Tata Motors have fallen to 18-month lows of Rs 328 after declining nearly 6% in the past two trading sessions, bringing down its market capitalisation (market-cap) below Rs 1 lakh crore on the Bombay Stock Exchange (BSE).

At 12:24 AM, the stock was trading at Rs 331, its lowest level since February 2014 in intra-day trades.

Mumbai: Tata Motors Ltd. plans to introduce three new car models this financial year in India as it seeks to refresh an aging lineup and regain market share, according to people familiar with the matter.

The carmaker will unveil a sedan, a hatchback and a crossover during the year ending in March, three people with knowledge of the plans said, asking not to be named as the matter is private. It’s also considering the introduction of a compact sport-utility vehicle later, the people said.

It is a make-or-break year for Tata Motors' passenger car business. The company is undergoing a makeover after having steadily lost market share to rivals over the years.

Tata Motors is now the country’s fifth-largest car maker, from the third largest a decade ago. The diminishing number of new Tata-badged cars on the roads has begun to shake the confidence of even diehard fans.

Shares of Indian multinational automotive manufacturing company, Tata Motors are trading 1.5% lower at Rs 350 on the Bombay Stock Exchange (BSE) after the global wholesales figures including Jaguar Land Rover (JLR) declined from 3,07,017 units in July 2014 to 73,535 units in July 2015 showing a drop of 8%.

Also, the global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in July 2015 dropped from at 117,040 units in July 2014 to 30,278 units in July 2015, lower by 3%.

Shares of Tata Motors, Hindalco Industries, Vedanta, Gail India and NMDC have touched their respective 52-week lows after China allowed the yuan to fall sharply for a second straight day.

Hindalco Industries (Rs 98.05), Vedanta (Rs 119), Hindustan Zinc (Rs 148) and NMDC (Rs 99) from the metal pack hit 52-week lows on the BSE.

India’s largest automobile maker, Tata Motors, said its net profit for the April-June period dropped 49 per cent to Rs 2,769 crore, as its retail sales for the most valuable products, Jaguar and Land Rover, plunged 33 per cent in China. The net was lesser than the average of 30 analysts’ projection of Rs 3,234 crore reported by Bloomberg. Net sales dropped six per cent to Rs 61,020 crore over the past year, trailing Bloomberg’s estimate of Rs 64,362 crore.

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