Indian automotive giant, Tata Motors has announced the launch of tis Tata Indica Vista D90 model in the Nepalese market.
The model, which is a very successful model in the Indian market, was launched on May 20, 2013 in Kathmandu by Gurinder Singh, Country Manager for the Nepal and Bhutan Passenger Vehicles Business Unit, Tata Motors.
India's largest automobile firm, Tata motors has recorded a disappointing 14.8 per cent fall in the number of vehicles sold during the month of April, 2013 compared to the same month of the previous year.
Overall, Tata motors sold 51,160 units in the month of April 2013 including exports to other countries compared to 72,715 units sold by the company in April, 2012. The company was able to sell just 8918 units in the month of April 2013, which is less than half of the 18,610 units sold in the same month of 2012.
India's biggest car maker, Tata Motors has said that it has delayed plans to setup a new assembly plant with an investment of 10 billion baht aimed at serving the large ASEAN market because the sales have not been significant to support expansion.
Managing director Karl Slym said, "Our sales should amount to at least 20,000 units per year to be worth investment in the new assembly plant's construction." Mr. Slym leads Tata's operations in India and international markets including South Korea, Thailand, Spain, Indonesia and South Africa.
Biggest commercial vehicle manufacturer, Tata Motors has criticised the move to allow quadricycles on Indian roads, describing it as a backward step.
Tata Motors MD Karl Slym wrote on social micro-bloging site, Twitter that, "Why? The Govt + industry have been accelerating efforts in traffic safety & environment, now we consider Quadracycle! Why go backwards?"
According to the latest figures released, Tata Motors was able to sell just 229,157 Nanos since the company started selling its models in the country.
The Tata Nano car was launched in 2009 however its demand fell in the country drastically after a few models were reported to have caught fire while in use. The company pointed out that the fire incidences were isolated and one off accidents but the demand for more expensive models remained high while Nano did not an increase in demand.
Major auto manufacturers like Tata Motors, Hyundai, Honda, Ford and General Motors, suffered a decline in sales in March, as rising fuel prices and higher interest rates kept buyers away.
Hyundai Motor India Ltd's domestic sales slipped 13.46 per cent to 33,858 units in March, from 39,122 units in the corresponding month of the previous financial year.
Tata Motors' total passenger vehicle sales dropped a whopping 66.62 per cent, from 36,984 units in March 2012 to 12,347 units.
Premium carmaker, Jaguar Land Rover (JLR), which is a unit of Tata Motors, has announced the launch of a new version of its new premium sports utility vehicle Range Rover in the growing Indian luxury car market.
JLR said in a statement that, "The highly-acclaimed all-new Range Rover is offering Indian customers increased powertrain choice with the introduction of the new 3.0 TDV6 diesel engine."
In a bid to boost sales of Nano, Tata Motors has announced the launch of an innovative marketing scheme dubbed `Swipe & drive away,' which enables customers to order and take the car home on the same day.
The new marketing scheme allows customers to purchase a Nano car using their credit card, and drive off with the ultra-low cost car on the very same day.
Indian automotive giant, Tata Motors is planning to reduce the price of its models by between Rs. 29,000 and Rs. 50,000 in an effort to boost demand in Indian market.
The company, however, is also planning to increase the price of its sport-utility vehicles (SUVs) by between Rs. 20,000 and Rs. 35,000 in order to absorb the higher costs and an increase in excise tax. The new prices have come into effect from Saturday but the Mumbai-based auto maker is yet to announce the changes in prices officially.
Indian auto giant Tata Motors is mulling plans to launch new vehicles, including an all new mini SUV, to boost sales and expand its market share.
Tata Motors, which suffered a decline of 52 per cent in net profit in the October-December quarter, has plans to launch several new vehicles in the SUV space.
While rivals like Mahindra and Ford are cashing in on the soaring popularity of SUVs, Tata Motors is suffering declining sales and mounting losses.
Indian automotive giant, Tata Motors has said that it is planning to launch a new version of its Aria utility vehicle priced below Rs 10 lakh in the country to tap into the growing demand in the segment in the country.
The new variant, which will compete with the likes of Mahindra XUV500 and Toyota Innova, will be priced at about Rs 9.95 lakh. Tata Motors' head of utility vehicles division Ashesh Dhar said that the company will soon launch a LX 4x2 variant of Aria in the country.
Jaguar Land Rover, a unit of India's Tata Motors, has said that it has recorded an increase of 32 per cent in sales during the month of January. The UK-based company was able to sell 34,877 units during the month with strong growth recorded in the Asian region.
The company's sales rose by whopping 74 per cent during January 2013 compared to the same month of the previous year. The company's sales in Asia-pacific region grew 46 per cent in the month compared to January of 2012.
Brokerages remained bullish on Tata Motors' stock, despite the vehicle manufacturer reported unsatisfactory earnings for the October-December quarter.
Tata Motors consolidated net profit in the October-December quarter slipped 52 per cent year-on-year to Rs 1,628 crore, despite an increase of 2 per cent in revenue to Rs 46,090 crore. Analysts had projected profit of Rs 2,250 crore on revenue of Rs 47,277 crore.
Tata Motors has warned investors that the third-quarter margins of its UK-based subsidiary Jaguar Land Rover (JLR) could squeeze on account of adverse exchange rates.
The manufacturer said that that the luxury car brand could suffer decline in EBITDA margin mainly due to less favorable exchange rates, the effect of a higher mix of Evoque sales along with other factors.
Indian automaker, Tata Motors has said on Tuesday that its sales during the month of December fell 13.9 percent to 98,968 vehicles.
The lower-than-expected sales were recorded even as the company's Jaguar Land Rover said that its sales has risen 4.2 percent to 32,282 vehicles in the global markets. The company's cumulative wholesales rose 1.8 per cent to 881,009 during 2012 compared to the previous year.
Tata Motors on Tuesday announced that it suffered a decline of 13.88 per cent in its global sales in the final month of 2012 over the corresponding month of the previous year.
The Indian auto giant said its global sales slipped to 98,968 vehicles in December 2012, from 114,920 vehicles in December 2011. It should also be noted here that the sales here are defined as despatches from factory to dealers, and not to the end-users.
Tata Motors Managing Director Karl Slym has prepared a road map to revive the passenger vehicle (PV) segment to enable the reclaim the second position in the car segment by 2020, a report by brokerage firm Motilal Oswal said.
According to the report, Slym has initiated a major restructuring exercise to help the PV section, which is struggling with aging brands like Indica, Sumo and Indigo, revive.
There are indications that Tata Motors is working to revive its Nano model, which is often described as the word's cheapest car.
Tata Motors, now under Cyrus Mistry, has reportedly aiming to boost the model's business in the country. Some reports suggest that the company will offer a 966cc version to replace the Nano's 624cc engine in order to help it compete better with 796cc Maruti Alto. The company might also release a new version of the car with a boot.
Indian car market remained really tough for manufacturer during 2012. Even the festive season of Dusshera and Diwali failed to boost car sales. But, that didn't bothered manufacturers, who are preparing to launch nearly three dozen models during 2013.
The new vehicles will be from across various categories, such as compact cars, ultra-premium compact cars, premium SUVs, lifestyle cars, super cars and vans.
In a desperate bid to increase sales, Indian car companies are offering heavy discounts on their various models.
The combination of economic slowdown, escalating fuel costs and high interest rates has taken a considerable toll on demand for cars in the country. Auto companies failed to allure customers even during the festive season of Dusshera and Diwali.
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