Tata Motors, the automobile manufacturing giant of India, has announced that the company’s British subsidiary Jaguar Land Rover (JLR) sales has helped the company’s global sales to increase by 62% in the month of November.
The company has informed that the JLR has sold 18,825 units in November, out of which 4,333 units were sold by Jaguar, which is 2% down, while Land Rover sales registered an increase of 45% to 14,492 units.
The Delhi Chief Minister, Mrs. Sheila Dikshit has informed that the state government has fined Tata Motors with Rs 4 crore for the poor maintenance of its low floor bus fleet in the city as there have been reports of six incidences when the DTC buses have caught fire in the last few days.
New Delhi, Dec 14 : The Delhi government has fined Tata Motors Rs. 4 crore for failing to ensure proper maintenance of its low-floor buses, the Delhi legislative assembly was informed Monday.
"Of Rs. 10 crore (Rs. 100 million) which was to be paid to Tata Motors as annual maintenance charge for the low-floor buses, we have stopped payment of Rs. 4 crore (40 million) as penalty," said Delhi government's Transport Minister Arvinder Singh Lovely.
Washington, Dec 12 - The Tata Nano, designed to be the world's most affordable car, will be on view at prestigious Smithsonian's Cooper-Hewitt, National Design Museum in New York's from Feb 18 through April 25 next year.
A bright, sunshine yellow Nano, built by Indian auto major Tata Motors, will be on display in Cooper-Hewitt's Great Hall, along with diagrams and a short film describing its concept, development and production, the Smithsonian Institution announced Friday.
One of India's largest automobile manufacturers Tata Motors, after adopting severe cost cuts at its Jaguar unit, posted a successful second quarter report. Figures posted for the July-September period for the current year revealed a profit of 217.8 Million Rupees, a substantial rise from the loss of 9.42 Billion Rupees posted for the same period last year.
The figures were officially confirmed by the Mumbai based firm today, while also sharing that sales, however, fell by 8.5% to 208.9 Billion Rupees.
Kolkata, Nov 26 - West Bengal Commerce and Industry Minister Nirupam Sen Thursday said if state-run Bharat Heavy Electricals Ltd (BHEL) selected the land abandoned by Tata Motors in Singur, the state government would acquire it from the auto major.
"If BHEL selects the land, we will begin the process to get it released," Sen told reporters here.
London, Nov 25 : Tata Motors chief Ravi Kant has said green technologies being embraced by Jaguar Land Rover (JLR) can help a key British manufacturing region avoid the fate of Detroit - home of the declining American auto industry.
"If we need a warning about what awaits us and our communities if we do not adapt, then the 5th October 2009 edition of Time magazine provides it. Its headline is 'The Tragedy of Detroit'," Kant told a meeting of Britain's main car makers and some leading politicians.
Pune, Nov 24 : Car designer Dilip Chhabria has revolutionised the automobile market by redesigning the cheapest car in the world, Nano, manufactured by Tata Motors.
Earlier in September, Chhabria''s DC Design and Jagdish Khattar-owned Carnation Auto, a multi-brand automobile solutions hub, had entered into a partnership, under which they would provide customized solutions to Nano owners in the country.
And, for an additional Rs. 80,000, Chhabria has come up with a stylish version of the Nano and named his creation as ‘Hot Nano’.
Tata Motors Ltd was incorporated on 1st September 1945 at Mumbai to manufacture diesel vehicles for commercial use, excavators, industrial shunter, dumpers, heavy forgings and machine tools. Company initially manufactured steam locomotives and progressively widened its product range to cover heavy commercial vehicles and light commercial vehicles. In the starting, Company formed a Collaboration with M/s Daimler -Benz AG, W. Germany, to manufacture medium commercial vehicles at Jamshedpur. Company formed a collaboration with M/s Hitachi Construction Machinery Co. Ltd., Japan, for manufacture of hydraulic excavators.
Kolkata, Nov 2 : Auto major Tata Motors registered sales of 53,404 units last month, a growth of 34 percent over the 39,729 vehicles sold in October 2008, a company statement said here Monday.
Sales of the company's commercial and passenger vehicles include exports.
"The company's domestic sales of Tata commercial and passenger vehicles for October 2009 were 50,552, a 40 percent growth over 36,168 sold in October last year," the statement said.
Kolkata, Oct 27 : India's largest auto maker Tata Motors is aiming 50-60 percent growth in the production of its light commercial vehicles (LCV) in 2009-10, a top company official said here Tuesday.
"We're expecting a growth of about 50-60 percent in the production of our LCV units in 2009-10. We think there will be a huge demand of these light trucks as the service industry is poised to grow at a massive rate in the near future," Tata Motors sales and marketing head (LCV) Anil Kapur told reporters.
Tata Motors, the largest commercial vehicle maker of the country, has entered into an agreement with Andhra Bank, one of the largest public sector undertakings in the country catering to the financial needs of industry as well as retail segment, for financing its range of commercial vehicles to provide an added facility of finance to its customers.
Under the deal, the lender will offer loans for Tata Motors' commercial vehicles up to 90% of the on-the road cost (including vehicle cost, road tax and insurance), for up to 6 years, at an interest rate of 12.50% per annum.
Tata Motors, the largest commercial vehicle maker of the country, has finally occupied controlling rights in Hispano Carrocera, a Spanish bus and coach manufacturer, by acquiring the remaining 79 per cent stake in the firm.
The company stated in a release that it has bought remaining stake in Hispano by way of exercise of the existing call option, through mutual agreement with other share-holder, Investelia SA Spain. However, the company did not disclose the size of the deal.
Earlier in 2005, Tata Motors had acquired the 21 per cent equity stake in Hispano Carrocera SA for a total price of euro 12 million.
Kolkata, Oct 20 : Auto major Tata Motors has acquired the remaining 79 percent stake in Spanish coach maker Hispano Carrocera SA, a company statement said Tuesday.
"Tata Motors, which had a 21 percent stake in Hispano Carrocera since 2005, has acquired the remaining 79 percent shares in Hispano by way of exercise of the existing call option, through mutual agreement with the other share-holder, Investalia SA," the company said.
Six years after the launch of its Indigo range, Tata Motors Wednesday introduced its new generation sedan - Indigo Manza, which will take on the Hyundai Accent, the Ford Ikon, the Maruti Swift Dzire and the Mahindra Logan in the entry mid-size segment.
The ex-showroom Delhi cost of all-new version of the Indigo sedan, to become available Friday onwards, will be Rs 4.8 lakh for the base petrol model and Rs. 6.75 lakh for the top-end diesel model.
The new Indigo Manza, which has been developed on the same platform as the new generation Indica Vista, will be available countrywide through 224 dealerships and 493 outlets of Tata Motors.
Tata Motors, the largest commercial vehicle maker of the country, has raised about Rs 3,600 crore through global depository issues (GDRs) and convertible bonds. The proceeds would be used to pay debts it had taken to finance the acquisition of UK's iconic brands Jaguar and Land Rover.
Tata Motors CFO, CR Ramakrishnan said: "The offering will augment our long-term resources, help us de-leverage and provide us with financial flexibility to pursue our strategic goals."
In a massive yard resembling an indoor stadium sit rows of cartons headed for Brazil. They hold crucial auto parts that will power General Motors’ cars in South America.
This facility just outside Solapur belongs to Precision Camshafts, India’s largest maker of camshafts, which control how much fuel and water enter the engine and how much exhaust leaves it.
When he founded the company 15 years ago, Yatin Shah, a fifth-generation Solapur native descended from Gujarati grain traders, had a tough time convincing Indian firms to outsource the production of such a crucial part.
The move by auto giant Jaguar Land Rover, owned by Indian automobile giant Tata, to close own one of its plant in UK irked the Workers Union. The union alleged that the firm is proposing to close its final salary scheme for new staff.
Besides, new recruitments would be made by Jaguar Land Rover offering 20 per cent less salary as being drawn by current employees.
The recession hit company has announced to close its Jaguars manufacturing utility at Castle Bromwich in the West Midlands.
Tata Motors, India based largest automobile company, has entered into a memorandum of understanding (MoU) with the Union Bank of India (UBI).
Under the arrangement, the lender will provide an added facility to Tata Motors' dealers for funding of their purchases of the company's cars and utility vehicles.
With this signing of deal, UBI has become one of the preferred channel financiers of Tata Motors. UBI has a large network of over 2,650 branches across the country.
Tata Motors, leading India based major automobile company has announced that it has inked a deal with State Bank of Hyderabad.
Under the agreement, the bank will offer finance for Tata Motors range of commercial vehicles.
Through this contract, customers can avail 85% loan of the on-road cost which comprises vehicle cost, necessary accessories, road tax and insurance from State Bank of Hyderabad.
The sources informed that the bank is offering loan at a very competitive interest rate of 12.5% with the period up to 5 years.
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