Tata Motors, the fifth largest car manufacturer in the domestic market, is set to add half of the planned new 1,000-plus outlets over the next four years in tier-III and tier-IV towns. According to the president of passenger vehicle business unit, Mayank Pareek, its rural markets will grow faster than urban ones in the future. "It has a potential to contribute 30-40 per cent of total passenger vehicle sales," he said.

At present, the rural market brings 15 per cent of sales for the domestic operations. Market leader Maruti Suzuki sells a third of its vehicles in the rural market.

GenX Nano, the new avatar of Tata Motors’ Nano, has travelled quite a distance in a month of its launch. The company has delivered 1,000 cars to buyers and is in the process of delivering another 2,000 units. The car was launched on May 19. The response compares favourably with an average monthly sale of 1,400 cars that the previous version clocked last year. The production of the earlier version (barring the CNG model) has been discontinued.

Priced at Rs 1.99 lakh (ex-showroom, Delhi) for the manual transmission (MT) version and Rs 2.69 lakh for the automated manual transmission (AMT) version, the GenX Nano is still the most affordable passenger car available in the country.

MUMBAI: Tata Motors, India's largest automobile manufacturer today announced its association with tyre manufacturer CEAT and mobile commerce platform Paytm, as new partners in Tata Motors. BSE 2.96 % Loyalty Programs - Tata Delight and Tata Emperor.

Before the launches lined up for the next two or three years, India’s largest automobile company Tata Motors and its longtime Italian partner Fiat have begun strategic talks. The partners are discussing product and investment plans which will be finalised for the jointly owned facility at Pune.

There are discussions between two companies. These are in the initial stages and details will be shared in the coming period, said a source. The product launches lined up for the next few years include sports utility vehicles, hatchbacks and compact sedans developed by Tata Motors and Fiat, independent of each other.

Shares of Tata Motors have shed about 10%, closing lower for seven consecutive trading sessions on weak March quarter performance and worries about a slowdown in China. The stock is down 28% from its highs (Rs 605) posted in February 2015.

China's share of overall JLR volumes came down from 28% in 9MFY15 to 15% in the March quarter. This was due to falling luxury car demand in China and the phasing out of imported Evoque and slower ramp up of the Made in China version.

Benchmark indices continue to trade lower weighed down by financials, auto and pharma shares. Investors sentiment are further dampened tracking weakness among global markets on the back of a firm US jobs data raising fear of Fed interest rate hike.

By 10:25, the Sensex was lower by 144 points at 26,624 and the Nifty dipped 50 points at 8,065. Among broader markets, BSE Midcap and Small indices are down between 0.4-0.6%.

Shares of Tata Motors have gained over 1% to Rs 477 on the NSE after the company’s total commercial and passenger vehicles sales (including exports) rose 5% to 39,496 units in May 2015 over May 2014.

Sales of Tata Motors passenger vehicles rose 21% to 11,138 units in May 2015 over May 2014. The growth trend was driven by the cars segment, specifically the new launches of Zest and Bolt and with positive early response to the new GenX Nano, Tata Motors said.

Tata Motors has closed the revenue gap with Reliance Industries Ltd (RIL). While RIL remains the country’s largest private sector company by revenue (including other income), Tata Motors topped the chart by core revenue (net sales) in the fourth quarter ended March. The country’s top automobile maker reported net sales of Rs 67,576 crore in the quarter, against RIL’s consolidated net sales of Rs 67,470 crore.

With total revenue of Rs 69,642 crore, however, RIL remains ahead of the auto maker. In the quarter, RIL reported other income of Rs 2,172 crore, far higher than Tata Motors' other income of Rs 245 crore. RIL is also more profitable than Tata Motors.

Consolidated net profit of Tata Motors, India’s biggest automobile company, dipped by a whopping 56 per cent in the final quarter of last financial year as China, Jaguar Land Rover’s biggest market, slowed down considerably.

The Mumbai-based company posted Rs 1,717-crore net profit for the quarter ended March, against Rs 3,918 crore in the corresponding quarter last year. Bloomberg had estimated Tata Motors to report a net profit of Rs 4,092 crore for the quarter.

Benchmark indices have extended losses and are trading near day’s lower dragged by index heavyweight shares like Tata Motors, ITC and HDFC.

By 14:05, the Sensex was lower by 156 points at 27,489 and the Nifty slipped by 45 points at 8,325.

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