The company said global sales of all Tata Motors commercial vehicles and Tata Daewoo range in October 2018 were at 44,380 units, higher by 19% from the same month last year
The stock dropped 5% to Rs 185 on the BSE after the company's British arm Jaguar Land Rover total retail sales fell 4.6% Y-o-Y to 44,282 vehicles in October.
The company is likely to miss our expectation for fiscal 2019 unless it takes swift corrective steps, said S&P
The company's market valuation rose by Rs 32.48 billion to Rs 548.59 billion on the BSE
The company said its commercial vehicle sales in the domestic market stood at 39,420 units in October, up by 22% from the same period of last year
The UK unit, which contributes almost 90 per cent to Tata Motors' revenue, has been suffering due to uncertainty around Brexit and China demand
The company, however, believes that new model launches and China revival will lead to a reversal in fortunes
Tata Group Chairman N Chandrasekaran said the Tata Motors' domestic business continued to deliver strong improvement in operational and financial performance
Tata Motors' PV division has about 750 dealerships and the company plans to double it by 2020
On Tuesday, the rupee slumped by 33 paise to finish at a fresh lifetime low of 74.39 against the US dollar
The company is confident that the new Tigor will create excitement towards the brand, fostering the ongoing passenger vehicles growth journey
Firm's stock fell 13.4% on Tuesday, the sharpest single-day fall in a decade
The stock slipped 13% to Rs 185 in intra-day trade, its lowest level since January 3, 2012, on the BSE.
The Hexa XM+ is equipped with features such as reverse parking sensors camera, cruise control, rain sensing wipers, electrically adjustable and foldable exterior mirrors
While the CV market share has improved since FY17 when Cyrus Mistry stepped down as the chairman, it is still lower than the share in FY15
The company expects sales to pick up this festive season and to boost its customer morale, it is launching four new products
The company, however, reiterated that it continues to 'over-proportionally invest' in new products and technologies, and is committed to its UK plants
Tata Motors is narrowing the gap with homegrown rival Mahindra & Mahindra (M&M) to challenge the position of third biggest passenger vehicle maker in India by sales. According to the latest SIAM data, Tata Motors is just 1,313 units shy of M&M during April-August this fiscal in the PV segment, which continued to be dominated by Maruti Suzuki India (MSI). In the reported period, M&M sold a total of 1,00,015 units, while Tata Motors, riding on models such as compact SUV Nexon and hatchback Tiago, sold 98,702 units to occupy the third and fourth positions, respectively. In the comparable period a year ago, M&M had sold 90,614 units occupying the third position with a lead of 26,483 units over its homegrown rival. Tata Motors, on the other hand, had clocked 64,131 units to be at the fifth spot. During April-August this fiscal, MSI with 7,57,289 units continued to lead, while Hyundai Motor India with 2,26,396 units was the second biggest PV maker. Honda Cars India sold .
Ralf Speth told a conference in Birmingham that JLR could lose jobs if we do not get the right Brexit deal
JLR CEO Ralf Speth said that lack of clarity over Britain's post-Brexit plans threatens the UK-based luxury carmaker's entire operational set up