Tata Motors

Tatas look to cut operating costs at JLR

TataTATAs have announced to take some concrete measures to curtail rising operational costs at Jaguar Land Rover (JLR) in order to improve margins and to turn it into a cost effective company.

However, the company has not announced any official time frame to revive JLR.

Company’s Chairman Ratan Tata, addressing the 64th annual general meeting of the company, said, “We would finance and leverage the company even further. There have been some encouraging signs. There are some new products still to come.”

Tata Motors to invest Rs 8,000 crore

Tata Motors to invest Rs 8,000 croreTata Motors, India based largest automobile company, is searching options to pump approximately Rs 8,000 crore during the next three-four years on capital expenditure and product development.

According to the company, the money is likely to be spent on introducing new models and scaling up its operations.

Under the proposed plan, Tata Motors is envisaging to put special focus on its car division, where it has lined up a series of new launches entailing a new Indigo sedan, a new crossover model and some next-generation versions of its sports utility vehicles (SUV) Sumo and Safari.

Tata Motors inks pact with State Bank of Hyderabad

Tata Motors inks pact with State Bank of Hyderabad Tata Motors, India's largest automobile company, has entered into an understanding with public sector lender State Bank of Hyderabad for financing of Fiat cars available through the Tata-Fiat dealer network.

Under the agreement customers can avail loans of up to 85 per cent of the "on-road price'' for a tenure ranging up to 7 years at an interest of 10.25-10.75 per cent annually for Fiat brands including Linea, Palio Stile and Grande Puntoement.

Tata Motors Q1 Net soars over 57%

Tata Motors Q1 Net soars over 57%Tata Motors Ltd, leading auto major has clocked a jump of 58% in its fiscal first-quarter unconsolidated net profit which stood at Rs 5.14 billion.

In the similar period during previous fiscal, company's net profit figure stood at Rs 3.26 billion.

The company stated in a communiqué that its net sales plunged by 7.8% during the quarter ended June 30 to Rs 63.50 billion from Rs 68.87 billion a year earlier.

Tata Motors, which delivered its first Nano earlier this month, has informed that its standalone net profit increased to Rs 5.14 billion rupees from Rs 3.26 billion a year ago.

Tug-of-war continue between UK govt and Tata Motors

Tug-of-war continue between UK govt and Tata Motors The tug-of-war is continuing between the British government and Tata Motors over the terms and conditions of the sanction of loans by the U. K. government to the Tata's Jaguar Land Rover.

Business secretary Lord Mandelson has agreed to simplify some terms and conditions regarding loans and advised Tata Motors to accept the revised offer of the U. K. government.

Speaking on the topic, Lord Mandelson said, "Having been told there was great urgency, we have made proposals and offers and now we are waiting for a response."

Buy Tata Motors With Stoploss Of Rs 375: Ashwani Gujral

Buy Tata Motors With Stoploss Of Rs 375: Ashwani GujralStock market analyst Ashwani Gujral maintained ‘Buy’ rating on Tata Motors to achieve a short term target between Rs 350 – Rs 375.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 288.

Today (July 20), the shares of the company opened at Rs 318.10 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 19.47 & 16.15 respectively. The share price has seen a 52-week high of Rs 446.20 and a low of Rs 122 on BSE.

Tata to scrap UK electric cars project if 10-mn pound loan is delayed

London, July 19 : Tata Motors executives will warn Business Secretary Lord Mandelson that they will scrap plans to build electric cars in the UK if it does not receive a 10 million pound loan soon.

The company is furious after being told by officials from Mandelson’s Business Department last week that it needed more time to find out if the venture will be considered for the loan, taking the total waiting time to six months.

Recently, Mandelson launched the UK’s “low carbon industrial strategy” with great fanfare, aimed at helping manufacturers of technologies like electric cars, The Guardian reports.

Tata warned to accept revised Jaguar Land Rover deal

London, July 19 : British Business secretary Lord Mandelson has warned Tata Motors, the owner of Jaguar Land Rover (JLR), to accept a revised proposal to guarantee hundreds of millions of pounds in short-term funding or risk seeing it taken off the table.

Following a fresh funding proposal that was made by the British Government earlier this month, Mandelson warned Tata Motors recently.

The revised deal proposed by the Government is understood to have removed a contentious condition contained in the original offer to which Tata objected that would have given the taxpayer board representation at the JLR.

Ratan Tata delivers first Nano in Mumbai

Ratan Tata Ratan N. Tata, the Chairman of Tata Sons and Tata Motors, handed over first lunar silver Tata Nano LX to Ashok Raghunath Vichare in Mumbai, at Tata's concord Motors dealership. Another customer, Ashish Balakrishnan, also brought sunshine yellow Tata Nano LX.

Speaking on the occasion, Mr. Ratan Tata said: "I hope the Tata Nano will bring motoring pleasure to those who will be buying their first car as also those who currently own cars but want a modern, contemporary, emission-friendly city car."

World's cheapest car, Nano, hits Indian roads

World's cheapest car, Nano, hits Indian roadsNew Delhi  - The world's cheapest car, the Tata Nano, Friday hit the roads of India with the first three customers receiving the keys to their vehicles in the country's financial hub of Mumbai, officials said.

Ratan Tata, head of Tata Motors which manufactures the "people's car" that costs 100,000 rupees (2,054 dollars) the at factory gates, handed over the keys to three Nanos to the customers at a showroom in the city.

Ratan Tata presents Nano to first three customers

Ratan Tata presents Nano to first three customersMumbai, July 17 : Tata Motors Chairman Ratan Tata presented the first Tata Nanos, the world's cheapest car, to three customers at a dealership in the Prabhadevi area in central Mumbai on Friday.

The keys of the three cars were delivered to Ashok Vichare, Ashish Balakrishnan and A. Chandrashekaran. One of them said that he would be driving his historic car to Mumbai''s Siddhivinayaka Temple. Tata Motors said that 100,000 Nano cars would be delivered to customers at Rs. 100, 000 each by March 2010.

Tata Motor inks MoU with Canara Bank

Tata Motor inks MoU with Canara BankTata Motors, India's largest automobile company, has entered into a memorandum of Understanding (MoU) with the Canara Bank, to finance its cars.

Under the arrangement, customers can avail loans up to 90% of the ''on-road price'', for tenure ranging up to 7 years, at an attractive interest rate of 11% p. a. for new Fiat cars of their choice from the Linea, Palio and the recently launched Grande Punto range.

This facility would be available at all 2,735 branches of Bangalore headquartered Canara Bank and the 100 sales touch points of the Tata-Fiat distribution Network.

Tata Motors inks pact with Indian Bank

Tata Motors inks pact with Indian BankTata Motors, India's largest automobile company, has entered into a Memorandum of Understanding (MoU) with the Indian Bank, to finance its cars.

Under the arrangement, customers can avail loans up to 85% of the ''on-road price'', for tenure ranging up to 7 years, at an attractive interest rate of 11.50% p.a. for new Fiat cars of their choice from the Linea, Palio and the recently launched Grande Punto range.

According to an official release, this facility will be available at all 1646 branches of Indian Bank and the 100 sales touch points of the Tata-Fiat distribution network.

Sell Tata Motors With Stoploss Of Rs 320: Hitendra Vasudeo

Sell Tata Motors With Stoploss Of Rs 320: Hitendra VasudeoStock market analyst Hitendra Vasudeo of stockmechanics.com has maintained 'Sell' rating on Tata Motors stock to achieve a target that lies between Rs 280-Rs 249.

According to Mr. Vasudeo, investors can sell the stock around Rs Rs 299.70-Rs 310.90 with a stop loss of Rs 320.

Shares of the company, on Tuesday (June 30), closed at Rs 291.15, down Rs 22.70, on the Bombay Stock Exchange (BSE). The total volume of the shares traded stood at 3,161,841. The scrip hit an intraday high of Rs 319.45 and an intraday low of Rs 288.50.

Sell Tata Motors With Stoploss Of Rs 343: Hitendra Vasudeo

Tata MotorsStock market analyst Hitendra Vasudeo of stockmechanics.com have suggested investors to ‘sell’ Tata Motors stock as there are full chances of a downward trend in this stock.

According to Mr. Vasudeo, investors can sell the stock around Rs 323-Rs 333.90 with a strict stop loss of Rs 343 to achieve a target that lies between Rs 303-Rs 272.

He also feels that Tata Motors would remain under high pressure due to existing market condition.

Sell Tata Motors With Stoploss Of Rs 343: Hitendra Vasudeo

Tata MotorsStock market analyst Hitendra Vasudeo of stockmechanics.com have suggested investors to ‘sell’ Tata Motors stock as there are full chances of a downward trend in this stock.

According to Mr. Vasudeo, investors can sell the stock around Rs 323-Rs 333.90 with a strict stop loss of Rs 343 to achieve a target that lies between Rs 303-Rs 272.

He also feels that Tata Motors would remain under high pressure due to existing market condition.

Tata Motors tie-up with Bank of India

Tata Motors tie-up with Bank of IndiaTata Motors, India’s largest automobile company, has announced that it has tied a knot with public sector lender Bank of India.

The company has entered into this tie up with the aim to offer retail financing facilities for its Fiat range of passenger cars which were available through the Tata-Fiat dealership network.    

The company authorities said that the MoU will also offer special interest rates for loans upto Rs 10 lakh for a Fiat car including the yet to be launched Grande Punto.




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