Weighed down by a staggering Rs 2,123-crore loss in the December quarter, Tata Motors, India’s largest automobile manufacturer, is offering a voluntary retirement scheme (VRS) to its employees to “enhance competitiveness&".
The automotive sector is seeking Budget 2015-16 announce a commitment on rolling out a goods and services tax (GST) in the coming financial year, as many hope the new tax regime will reduce and simplify taxes.
Has the time come for India Inc to retune its globalisation drum? Eight of the world's biggest economies with the exception of the United States and India are either in recession or face the prospects of slower economic growth in coming years.
The net loss by Tata Motors at Rs 2,122 crore (standalone) in the recently concluded quarter was the highest ever by the company. The staggering figure, even though it included a one-time charge, was its ninth consecutive quarterly operational loss.
The Society of Indian Automobile Manufacturers (SIAM) expects passenger vehicle sales to rise three to five per cent in 2014-15, up from its earlier projection of one-two per cent, on improved consumer sentiment over the past few months.
Struggling Indian operations and slowing sales of Jaguar Land Rover (JLR) weighed on the consolidated performance of Tata Motors, India’s biggest automobile manufacturer, with the company’s net profit for the December 2014 quarter missing
Tata Motors-owned Jaguar Land Rover (JLR) has reported its first quarterly sales fall in five years, even as concerns grow over an imminent slowing in China, the single biggest market for the two UK-based luxury brands.