Saddled with losses in its domestic commercial and passenger vehicle business, home-grown auto major Tata Motors on Monday reiterated its turnaround plan focused on cost reduction, new products, and bringing in efficiencies in the supply chain.
Men ride a motorbike as they come out of a past a Tata Motors car plant at Sanand in Gujarat. Photo: ReutersTata Motors Ltd posted a 42% rise in quarterly profit on Wednesday.
Domestic sales of passenger vehicles (cars, vans and utility vehicles) expanded at more than 15 per cent in July — the highest pace in the first seven months of this calendar year.
“Retail sales for June were up year-on-year in China (65.3%), the UK (3.8%), Europe (3.7%) and North America (3.2%) whilst sales in overseas markets were down 8.5%,&" JLR said in a press release.
Tata Motors on Wednesday announced that it has slashed the prices of its passenger vehicles by up to 12 per cent, following the roll-out of the Goods and Services Tax (GST).
Tata Motors rallied 5% to Rs 473 on BSE in early morning trade after its UK-based subsidiary, Jaguar Land Rover (JLR), posted better-than-expected performance in the March quarter (Q4).
India's Tata Motors reported a 17 percent fall in fourth-quarter net profit on Tuesday as losses in its domestic business outweighed strong sales at luxury British arm Jaguar Land Rover (JLR).
The largest auto maker in the country by revenue, Tata Motors, reported a 16.8 per cent decline in consolidated net profit for the fourth quarter (Q4) of the financial year 2016-17 (FY17).
Tata Motors dipped 4% to Rs 420, extending its Thursday’s 2.3% fall on BSE, after the company said Jaguar Land Rover (JLR) reported 2.3% decline in retail sales of 40,385 units in the month of April.
Skoda, the Czech car maker and part of the Volkswagen group, is anticipating a push in its performance from 2019 when new products developed jointly with Tata Motors roll out. These products are targeted at emerging markets, including India.
Strong performances by Maruti Suzuki, Honda, Tata Motors, and Toyota helped passenger vehicle sales grow 16 per cent in April.New launches in recent months continued to drive sales for many companies.
Tata Motors, the most impacted company by last month's Supreme Court ban on registration of vehicles meeting BS-III emission standards, said it might be exporting at least half of its 15,000 impacted light, medium and heavy commercial vehicles (CVs).
For the medium and heavy commercial vehicle (M&HCV) segment, having struggled with weak demand in 2016-17, the first half of 2017-18 is going to be as disappointing.
(From left) Mayank Pareek, President, Passenger Vehicle Business Unit, Tata Motors and Guenter Butschek, CEO & MD, Taxa Motors at the launch of Tata Tigor in Mumbai (Pic: Kamlesh Pednekar)Upping the ante in the crowded compact sedan category, Tata
Tata Motors, India’s largest automobile maker, has started rolling out a voluntary retirement scheme (VRS) for its employees as part of its organisational restructuring exercise.
Volkswagen has signed a memorandum of understanding (MoU) with Tata Motors to explore cooperation in India, sources close to the matter said, as the German carmaker takes a fresh attempt at conquering low-cost markets.
