Tata Motors

Fiat Ends India Distribution Contract With Tata Motors

Italian car manufacturer Fiat is to establish its own car dealer network in the Indian market to grow lethargic sales, terminating a six-year distribution contract with Tata Motors .

Fiat Ends India Distribution Contract With Tata MotorsFiat stated that the move should aid build its biz in the Indian market, a thriving market where foreign producers such as Ford, Honda and Nissan have recently acted to take extra control of their own functioning.

Tata’s Jaguar and Land Rover unit records strong growth

Tata’s Jaguar and Land Rover unit records strong growthTata Motors ' Jaguar and Land Rover unit has recorded strong growth during April-March 2012 period even as the company's domestic Indian business faced difficult year in the country.

The sales of Jaguar and Land Rover models increased significantly specially after the launch of Range Rover Evoque crossover. The global sales of the entire group increased 26 per cent year-on-year to 1,39,655 units in March.

Tata Motors announces price hike

Tata MotorsCountry's leading automaker, Tata Motors has announced a price hike for its passenger vehicles in the country following changes in the taxing norms by the government.

"We have raised the prices as per the excise duty hike in the Budget. In passenger cars, the increase will vary between Rs 2,000 and Rs 8,000 depending upon various models," a Tata Motors spokesperson said.

Tata Motors global sales rise 21 per cent

Tata Motors global sales rise 21 per centIndian automaker, Tata Motors has reported an increase of 21 per cent in global sales in January to 119,799 units compared to the same month a year earlier.

The company's Jaguar Land Rover recorded an increase of 44 per cent to 29,293 vehicles. The company had acquired the premium brands from Ford Motor in 2008. The iconic brands have now become the biggest contributors to the company's earnings.

Tata Motors shares to record a new high in eight months

Tata Motors shares to record a new high in eight monthsThe shares of Indian automotive major, Tata Motors Ltd are set to close at a new record high in almost eight months after they rose 2.9 percent to Rs. 220 during the early morning today.

The increase is backed by reports that sales of the luxury vehicles rose at tis fastest elvel in a year and half in the country. The shares were trading at the level of Rs. 220 this morning after increasing as much as 3.6 percent.

Tata Motors sales grew 22% in December

Tata Motors sales grew 22% in DecemberIndia's leading auto maker, Tata Motors Ltd has recorded an increase of 22% on year in vehicle sales for December, according to a press release by the company.

Tata Motors sold 82,278 units in the month, recording a rise of 22 per cent over the same month previous year. The Indian market has seen healthy demand for diesel-powered vehicles despite an overall slowdown in the local auto industry.

Tata Motors 407 models complete 25 years

Tata Motors 407 models complete 25 years Indian auto major, Tata motor's popular 407 (407, or Char Sau Saath) model has completed 25 years in the Indian Market.

The company had launched the 407 models in 1986 and has sold more than 500,000 units in the country. The 407 brand is still the leading player in the light commercial vehicle (3.5-7.5 tonne) category in the Indian market and has a market share of about 70 per cent.

‘Gold Nano’ Creates Instant Buzz

‘Gold Nano’ Creates Instant BuzzTata Nano had already created enough buzz in auto market, and only when the hype seemed fading, the firm has come up with another surprise for car lovers. It has come up with a gold covered jewel studded version of Nano, which is priced somewhere around Rs. 22 crore.

Tata Motors stock falls 6 percent after chief executive quits

Tata Motors stock falls 6 percent after chief executive quitsNew Delhi, Sep 12 : Shares of the Indian automobile giant Tata Motors Monday fell almost six percent following the resignation of its group chief executive officer and managing director Carl-Peter Forster last week.

The company said Friday that Forster was stepping down with immediate effect citing unavoidable personal reasons.

At the Bombay Stock Exchange, the scrip fell to an intra-day low of Rs. 143.80, down 5.84 percent from its previous close at Rs. 152.72.

Cal Forster Resigns as Tata’s CEO

Cal Forster Resigns as Tata’s CEORecent reports have revealed that Mr. Carl – Peter Forster, the CEO of Tata Motors has resigned from his position. He was the CEO of the firm since more than a year and has explained that he had to leave his position due to unavoidable personal circumstances.

He is the owner of Land Rover and Jaguar brands and has also announced that he shall remain a non-executive member of the board of the company. He revealed the following in an email statement.

A streetcar named Nano - for Rajasthan's sterilisation drive

A streetcar named Nano - for Rajasthan's sterilisation driveJaipur, Aug 23 : Will a Rs. 1 lakh car prove to be a million-dollar idea? In an effort to get more people to undergo sterilisation, the authorities in two districts of Rajasthan are offering them a chance to win Tata Nano cars.

After Jhunjhunu introduced the scheme last month, it is now Pali district where one can get sterilised and drive away a Nano.

The medical and health department in Pali recently announced the scheme in which Nano cars will be offered on a lottery basis to people who get sterilised there.

Tata Motors Tumbles 2% Amid Weak Macroeconomic Factors

It seems that automobile sector is facing a tough time, as it has been reported that shares of auto major Tata Motors Ltd dropped by 2.2% at Rs 721.10 earlier today.

It has been claimed that collaborative pressure from rising fuel prices and rising interest rates has significantly damaged the Indian auto industry.

Confirming the news that macroeconomic factors have affected the sales of passenger cars in the past few months, PM Telang, the Managing Director of India operations, claimed that Company would be doing its best for the stakeholders and customers.

Tata Motors Compensation to Be Decided Considering Govt. Investment in Singur

Tata Motors Compensation to Be Decided Considering Govt. Investment in SingurTata Motors which has challenged the Singur Land Rehabilitation and Development Act has requested the Calcutta high court to ask the government the amount of compensation it plans to offer to them and also to ask the time frame in which they would get the amount.

Justice I P Mukherjee while heading the hearing of the case said, the act did not tell the amount to be paid to Tata Motors as compensation for taking away the land, which was given to it for setting up a small-car factory.

Tata Motors See Plunge in Shares

Tata Motors See Plunge in SharesAccording to the recent stock market developments, it has been revealed that the shares of Tata Motors seem to have seen a bit of a downturn. They fell by 3.5%, and this has brought them to their lowest disposition in the past one year. This happened in the morning trade hours and has taken the firm by a setback.

There was a fall of 2.71% in the stocks of the firm and they went to a position of Rs. 780 according to the BSE. In terms of the NSE, the shares of the firm saw a low of 2.70% and closed at a position of Rs. 779.85, the lowest it had been in an entire year.

Tata Global Increases its Stake in Rising Beverages Company

Tata Motors registered its net profit by Rs 1,999 crore in the first quarter, which is an increased amount when compared to the corresponding quarter last fiscal gain of Rs 1,988 crore.

The net sale of the India’s largest commercial vehicle manufacturer is 23.4% amounting to Rs 33,392 crore from Rs 27,055 crore year against last year.

Even, Tata Global Beverages Ltd, the world’s second-largest tea company, has increased its share in the Rising Beverages Company LLC, a US-based performance beverage and bottled water manufacturer. The total amount of investment in the US Company is of $21 million.

Tata Motors to Provide 3.4 Million Truck Drivers

Tata Motors to Provide 3.4 Million Truck DriversSay it a sale boosting tactic or a genuine step taken towards improving the condition of truck accident rates, Tata Motors is joining hands with quasi-government institutions, NGOs truck distributors and training institutes to train drivers.

Nano Making Its Way on Overseas Market

Nano Making Its Way on Overseas MarketRenowned automobile company, Tata Motors is looking forward to establish assembly operations for its small car Nano, outside the country including ASEAN region and Latin America.

Consequently, the company has started the exports of completely built units (CBU) of the Nano to neighboring countries such as Sri Lanka and Nepal with a focus on assembling the Nano abroad with the help of export of completely knocked down units (CKD).

Tata Motors June global sales down one percent

Tata MotorsNew Delhi, July 15 : Automobile major Tata Motors Friday reported a marginal decline of 0.94 percent in its global sales for June including that of Jaguar Land Rover brand at 89,846 units as compared to 90,702 units in the like period of last year.

"Global sales of Jaguar Land Rover in June 2011 were 20,358 vehicles, higher by 1 percent," the company said in a statement.

Individually, Land Rover sales were up 22 percent in June at 16,320 units while Jaguar sales for the month slumped by 40 percent at 4,038 units.

Tata Motors Expand Vehicle Plant to South Africa

Tata Motors Expand Vehicle Plant to South AfricaIndia’s Tata Motors has just announced on Thursday that it will open a brand new vehicle plant in South Africa. It will produce commercial vehicles and passenger vehicles, which are South Africa’s biggest export.

Tata Motors is India’s one of the largest vehicle manufacturer and is now hoping to expand its success in other parts of the world. The vehicle assembly in South Africa is expected to begin later this month.

Rise in the ADR’s Leads to Profiting Various Sectors of Indian Market

The India’s American Depository Receipts (ADR’s) ended at a profitable note on Thursday, resulting in gaining of profits by telecommunication companies, information technology and banking sector.

As per data, the MTNL shares were up by 1.08% at $ 2.04 and Tata Communications had increased by 3.59% at $ 9.82. In the IT sector, Patni Computers was down 0.65% at $15.26, while Infosys ended up 2.69% at $ 68.25 and Wipro ended up 2.92% at $13.73.

In the banking sector, ICICI Bank was up 2.3% at $ 49.31 and HDFC Bank was up 1.41% at $ 182.56. In other sectors, Tata Motors was up 2.95% at $ 24.05, Sterlite Industries was up 0.86% at $ 15.21 and Dr Reddys Labs was up 1.39% at $ 35.




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