Tata Motors on Monday said it has increased prices of its passenger vehicles by 0.8 per cent with effect from August 3. The Mumbai-based auto major, which sells models like Nexon and Harrier, will increase prices of its passenger vehicles on an average of 0.8 per cent depending on the variant and model, Tata Motors said in a statement. The company noted that it would offer protection from the price increase to vehicles that will be retailed on or before August 31. For the well-being of its business and supporting ecosystem, the company had recently announced that it has set in motion a comprehensive Business Agility Plan' to protect and serve the interests of its customers, dealers and suppliers. Last week, the automaker had noted that it is looking to increase prices of its entire range of passenger vehicles to offset the steep rise in procurement cost of essential materials like steel and precious metals. Tata Motors President Passenger Vehicles Business Unit (PVBU) Shailesh Cha
While industry executives feel that there will be no shortfall in consumer demand in the near future, most are wary of the near-term challenges
Tata Motors on Sunday said its total domestic sales increased by 92 per cent to 51,981 units in July as compared to the same month last year.
Tata Motors is looking at various measures, including direct buying from stockists and making changes in the product configurations, to offset the impact of semiconductor shortage
At present, EVs account for 2 per cent of the company's passenger vehicle (PV) sales
The firm is also investing on development of hydrogen fuel cell vehicles, company Chairman N Chandrasekaran said
Tata Motors lost 91 people from its ecosystem due to COVID-19 and it "will do everything" it can to support their families, company Chairman N Chandrasekaran said on Friday.
Tata Motors on Thursday said it has launched a new variant of its small commercial vehicle (SCV), the Ace Gold Petrol CX, with price starting at Rs 3.99 lakh (ex-showroom). Available in two variants, the flat bed variant is priced at Rs 3.99 lakh, while the half deck load body variant is tagged at Rs 4.10 lakh. Tata Motors said it has partnered with the State Bank of India to provide finance options to its customers to buy the model. "The Tata Ace continues to be a strong, reliable and multipurpose vehicle having provided means of livelihood to over 23 lakh Indians to date. Resonating the Government's Aatmanirbhar Bharat vision, Tata Motors aims to inspire an entrepreneurial mindset through the launch of this vehicle," Tata Motors Vice President (Product Line SCV and PU) Vinay Pathak said. The Tata Motors' Ace platform has exponentially evolved over the last 16 years, focusing on bringing safer, smarter and valuable offerings to its customers in last-mile transportation, he ...
The Mumbai-based auto major sells a range of passenger vehicles like Tiago, Nexon, Harrier and Safari in the domestic market.
Brokerages cut FY22 estimates sharply, expect recovery in second half of FY22
In the broader markets, mid-cap stocks faced a severe blow with the BSE MidCap index erasing 0.67 per cent.
Larsen & Toubro (L&T) reported a consolidated net profit at Rs 1,174 crore in the June quarter, up nearly four times from the same period last year on the back of increased revenues
Ex-TCS, group posted net loss for the third straight year in FY21
The company's UK subsidiary expects Q2 to be worse, sees recovery only in the second half of FY22
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The revenue from operations of the auto major more than doubled to Rs 66,406 crore in the June quarter
The broader markets, however, outperformed the frontline indices with the BSE MidCap and SmallCap indices adding 0.06 per cent and 0.34 per cent, respectively.
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Here's what leading brokerages expect from the automaker's Q1 results
The high acquisition cost may still be a dampener for the financially beleaguered STUs