Tata Motors

Indian Markets Manage to Cut Loss During Final Trading Hour

India STock MarketIndian Stock Markets recovered during the end of trading session after opening lower due to global market conditions. After win of Barack Obama, US stocks tanked and witnessed sharp correction due to selling pressure. European markets also closed with major loss yesterday.

In today's trade, Asian stocks also closed lower. USD has claimed lost ground against Indian currency after yesterday's fall. USD-INR was trading at 54.53. Euro-INR was trading at 69.39.

NSE Nifty closed 21 points lower at 5738 after breaking 5700 in first hour of trade. BSE Sensex closed 56 points lower at 18846.

Tata Motors reports 10.5% jump in quarterly net profit

Tata Motors reports 10.5% jump in quarterly net profitIndia automotive giant Tata Motors on Wednesday reported an increase of 10.5 per cent in consolidated net profit for the second quarter of current fiscal, thanks to Jaguar Land Rover's strong performance.

Tata Motors said that its consolidated net profit jumped from Rs 1,877 crore in the second quarter of 2011-12, to Rs 2,074 crore in the same quarter of current fiscal.

Tata Motors plans to pare some models to salvage sales

Tata Motors plans to pare some models to salvage salesIndian auto giant Tata Motors Ltd. has plans to pare some models in a bid to change perceptions about quality and arrest declining market share.

Karl Slym, managing director of Tata Motors, admitted that the company was suffering a perception of poor quality, which affected the company's sales across almost all segments.

In a recent interview, Slym said, "There's potential for pruning as we bring in new products, as well as to make sure we have a portfolio that is all performing."

World's cheapest car, Tata Nano, coming to US by 2015

World's cheapest car, Tata Nano, coming to US by 2015According to Automotive News, Indian automaker Tata is working on plans to bring the world's cheapest car - Tata Nano - to the US markets by 2015.

Citing the information shared by Tata's billionaire chairman Ratan Tata, Automotive News said that, despite the fact that Tata is yet to fully disclose its distribution plan for the Nano's launch in the US market, the super-affordable small car will be available in the US in three years; though the original timeline for the release was 2013.

Tata Motors appoints ex- Samsung official as president of PCBU

Tata Motors appoints ex- Samsung official as president of PCBUIndian auto giant Tata Motors has announced the appointment of ex-Samsung official Ranjit Yadav as the president of its Passenger Car Business Unit (PCBU).

Announcing the appointment, Tata Motors Managing Director Karl Slym said that Mr. Yadav's profound experience in leading a highly customer-centric business would help Tata in evolving its passenger vehicles business.

Indian Markets Trades Marginally Lower; Nilesh Shah Expects Weakness Ahead

Indian Markets Trades Marginally Lower; Nilesh Shah Expects Weakness AheadIndian Stock market has continued with its downward move on Thursday. The market has remained in negative zone for most part of the current week. The BSE Sensex was down by 23 points at 17467 and NSE Nifty was flat at 5286.

European markets have opened marginally lower. FTSE and CAC were trading flat during early hours while DAX was down by 0.6%.

SC issues notice to Tata Motors in Singur land acquisition case

SC issues notice to Tata Motors in Singur land acquisition caseWest Bengal Chief Minster Mamata Banerjee described the Supreme Court's recent notice to Tata Motors on a special leave petition filed by her government challenging its quashing by the Calcutta High Court as a "victory" of the farmers.

On Friday, the apex court issued notice to Tata Motors on the West Bengal government's petition challenging a Calcutta High Court order that held as unconstitutional its Singur land act to repossess four-hundred acres given to the Nano car manufacturer.

Ratan Tata chairs last Tata Motors AGM before retirement

Ratan Tata chairs last Tata Motors AGM before retirementRatan Tata has chaired the annual general meeting of his group firm, Tata Motors for the last time before he retires as the chairman of Tata Sons this year.

Mr. Tata will pass on the chairmanship to Cyrus Mistry, who is an engineer and MBA from UK, said Mr. Tata. He also thanked the company shareholders for their support and backing for him and now he wants them to provide similar support to Mr. Mistry.

Tata Motors net profit grows 12 per cent to Rs 2,245 crore

Tata Motors net profit grows 12 per cent to Rs 2,245 croreIndia's leading automaker, Tata Motors has recorded an increase of 12 per cent in net profit to Rs 2,245 crore during the first quarter of the current financial year, mainly due to sales by its Jaguar Land Rover (JLR) unit.

The 12 per cent growth from the same quarter in the previous financial year is below what was expected in the market. The company's standalone profits was affected by a slowdown in the auto sector. The revenue of the firm rose
30 per cent to Rs 43,324 crore during the quarter.

Credit Suisse Reduces Rating for Tata Motors

Credit Suisse Reduces Rating for Tata MotorsInvestment Bank Credit Suisse has downgraded Indian auto major Tata Motors after the company announced disappointing results for Q1. Tata Motors announced 12% increase in net profit for Q1 at Rs 2245 crore.

Credit Suisse has cut the target price for Tata Motors to Rs 218. The rating has been downgraded from "neutral" to "underperform". The vehicle sales estimates for JLR for year 2013 have been decreased from 374k units to 365k units.

June IIP Numbers Push Indian Markets Lower; Bharti Airtel & SBI Major Losers

June IIP Numbers Push Indian Markets Lower; Bharti Airtel & SBI Major LosersIndian Stock Markets ended the recent rally as the depressing June IIP numbers deteriorated investors sentiment. Also, rating agency Moody's has reduced India's GDP growth forecast to 5.5 per cent for 2012-2012. BSE Sensex closed 40 points lower at 17560. NSE Nifty closed 15 points down at 5322.

Indian Stock Market Closes Flat on Wednesday; M&M in Focus

Indian Stock Market Closes Flat on Wednesday; M&M in FocusIndian stock market closed flat after benchmark BSE Sensex touched an intraday high of 17,726. NSE Nifty closed at 5338. European Markets opened negative and this led to decline in Indian stocks during the end of the trading session.

FTSE was down by 0.5%, CAC 40 was down by 0.62 per cent at 3431 while DAX was down by 46 points at 6921. Asian Markets were mixed with Nikkei 225 gained 0.88% while Straits Times down by 0.51%. Hang Seng ended the day flat.

CRISIL Report Reduces India GDP Growth Target to 5.5%

CRISIL Report Reduces India GDP Growth Target to 5.5%CRISIL Research has cut India GDP growth forecast to 5.5 per cent for 2012-13 based on lower foreign investment inflows to the country. The report has reduced the estimates from earlier 6.5% GDP growth.

CRISIL report also expects the WPI inflation to remain higher at 8 per cent. Indian economy is already struggling lower growth. The policy in-action of UPA government will result in lower foreign investment and can reduce growth in various sectors.

Stock Market Up on Hopes of Push for Reforms

Stock Market Up on Hopes of Push for ReformsIndian Stock markets opened in positive on Tuesday after hopes that Finance Minister P Chidambaram will push forward with reforms process. At 11.58 AM IST, BSE Sensex was up by 122 points at 17535 while NSE Nifty was up by 37 points at 5319.

Among most active stocks were SBI, ICICI and Axis Bank. The three banking counters were trading firm with gains between 1.5-2.5 per cent. Tata Motors was trading strong in today’s session. The auto major gained over three per cent and was trading at Rs 236.

Tata Steel & Tata Motors Gain; Markets Rise 1.2 Per Cent

Tata Steel & Tata Motors Gain; Markets Rise 1.2 Per CentIndian Stock market went higher on Friday with NSE Nifty closing at 5099.85, gaining 56.85 points while BSE Sensex gained 199 points.

Tata Steel gained 3.9 per cent to close the day at Rs 399. Tata Motors gained 3.78% to close at 212. Sterlite Ind and HDFC Bank were among major gainers.

Stocks touching 52-week high include Ambuja Cements, Deccan Cements, Divis Labs, Marico, UltraTech Cement and Wockhardt.

Tata Motors shares fall following reports of production halt at Jamshedpur

Tata Motors shares fall following reports of production halt at JamshedpurThe shares of automotive giant, Tata Motors have declined by more than 1 per cent after reports suggested that the company will halt production at its unit in Jamshedpur for three days due to prevailing economic conditions.

Tata Motors spokesman PJ Singh said, "A block closure has been announced from June 28 to 30 in the Jamshedpur plant." He also said that the company’s decision is driven by the market and thus it had to take the decision to halt production.

Tata Motors worldwide sales rise 12 per cent

Tata Motors worldwide sales rise 12 per centIndia's automotive major, Tata Motors has recorded a growth of 12 per cent in worldwide growth to 96,089 units mainly due to strong numbers form the company's UK based Jaguar Land Rover unit.

The sales of Jaguar Land Rover rose by as much as 35 per cent to 30,094 units during the month, the company said. Land Rover sales rose 42 per cent to 25,752 units and Jaguar sales rose 3% at 4,342 units.

Analyst expect JLR to post better May figures

Analyst expect JLR to post better May figuresTata Motors ' Jaguar and Land Rover unit will announce its figures for the month of May soon and analysts expected the company to record higher sales than compared to the earlier month due to seasonal factors.

Jaguar and Land Rover had recorded sales of around 25,000 during April and it is likely to increase to about 28,000 for May, according to Hitesh Goel, analyst at Kotak Institutional Equities. He also said that he was advising to sell the shares of the company for some time but his company has changed the advise to buy because of sharp fall in the price of the shares.

Standard Chartered expects Tata Motors to report Rs 4,200 crore in profits

Standard Chartered expects Tata Motors to report Rs 4,200 crore in profitsStandard Chartered Securities is expecting the country's leading automotive company, Tata Motors to report a consolidated profit of Rs 4,200 crore during the fourth quarter till March 2012.

Amit Kasat, Director, India Institutional Research, Standard Chartered Securities said that he expects the company to report a consolidated profit of Rs 4,200 crore in the quarter but points out that there can be a surprise in the Profit After Tax figures.

Anil Manghnani: Buy Tata Motors on Decline

Anil Manghnani: Buy Tata Motors on DeclineModern Shares technical expert Anil Manghnani has suggested buy call for Tata Motors on every decline.

He feels that Rs 285 will be a good point to enter the stock and add on every decline. Tata Motors is hovering around its 52-week high of Rs 320 these days.

Indian stock markets recovered today after a negative start. Indian currency also gained against USD after RBI took action to keep USD under control.

In recent developments, Fiat has ended its distribution contract with Tata Motors. Tata Motors also witnessed a fall of 7 per cent in sales during April 2012.




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