Chery already has a JV with Tata Motors-owned Jaguar and Land Rover to make cars in China
With diesel cars set to become costlier from next year with the implementation of BS-VI emission norms, major automakers are contemplating about the future of such vehicles in their portfolios
Total exports during April stood at 1,402 units, a dip of 53 per cent as compared with the same period of last year due to lower offtake in markets like Bangladesh, Sri Lanka and the Middle East
Tata Motors had won tenders to supply 255 electric buses to Lucknow, Jammu, Kolkata, Indore, Guwahati and Jaipur
Tata Motors also said that it has acquired non-aerospace business from TAL Manufacturing Solutions Limited for Rs 10 lakh.
The rating agency cited weakness in profitability of JLR as the main reason for downgrading credit rating of Tata Motors and its British arm.
Many other manufacturers have announced price hikes, which will be implemented in April
The company joins the likes of Toyota and Jaguar Land Rover which have also stated that they would hike prices of select models from April
Tata Motors plans to bring a plethora of electric vehicles catering to not just fleet owners and government sales but also to private consumers with aspirational products going ahead, according to a senior company official. The auto major, which sells Tigor EV in the domestic market, mostly supplying for state-owned EESL's orders, has also decided to adopt a focussed market approach for its EV sales, targeting 20-25 locations across India. Tata Motors President- Electric Mobility Business & Corporate Strategy Shailesh Chandra told PTI here that the company does not foresee, at least in the next five years, developing a separate platform for EVs, as it would leverage on its ALFA (agile light advanced architecture) platform for internal combustion engines to develop such eco-friendly vehicles. "In the coming years we are going to bring in cars that are relevant for fleet, relevant for the government, officials and then aspirational vehicles in the private segment," he said here in ..
The company's market valuation moved up by Rs 4,013.56 crore to Rs 56,014.56 crore on the BSE.
Tata Motors will use the platform to promote the newly-launched vehicle with Harrier Fan Catch in which one spectator wins the SUV
Tata Motors Thursday said it has launched the 2019 edition of its SUV Hexa with price ranging between Rs 12.99 lakh and Rs 18.36 lakh (ex-showroom Delhi). The updated model now comes with various additional features like a seven-inch touchscreen infotainment system with android auto connectivity across variants. "Our versatile SUV Hexa has caught the imagination of the country with its distinctive on-road and off-road capabilities and has witnessed a strong traction in the market," Tata Motors Vice President, Sales, Marketing & Customer Support, Passenger Vehicles Business Unit S N Barman said in a statement. The company is confident that this new edition will help it take forward its brand promise of offering customers aspirational products with the next level of design and technology, he added. Tata Motors had launched Hexa in January, 2017.
In the quarter that ended in December (Q3), Tata Motors reported a loss of Rs 26,961 crore
Tata Motors has charted a strategy for e-mobility business
With more red ink expected from JLR; many analysts have downgraded the stock
The company is bullish about the growth of electric vehicles in the country over the next five years.
The company's shares fell as much as 30%, the most in 26 years, before ending 18% lower at Rs 150.
On Friday, Tata Motors and Tata Motors DVR tanked over 20 per cent each and hit a low of Rs 129 levels and Rs 71, respectively on the NSE
Things haven't gone well in the world's biggest automobile market, based on an investor presentation posted to the JLR website
Analysts were disappointed with the earnings and expressed concerns that the impairment might lead to some rating action