About one-third of these launches have happened in the current quarter
While the petrol option is priced at Rs 568,000, the diesel version is tagged at Rs 657,000 (ex showroom Delhi), inclusive of the accessory kit
Other passenger vehicles in Tata Motors' portfolio also gained as a result of the association
Passenger vehicle (PV) sales stood at 17,489 units last month as compared with 10,855 units in May 2017, up 61 per cent
Tata Motors today said it has inked a pact with Maharashtra government to deploy 1,000 electric vehicles (EVs) from its range of passenger and commercial vehicles across the state. As part of a memorandum of understanding (MoU) inked with the state government today, Tata Motors along with Tata Power will also facilitate setting up of EV charging stations in the Maharashtra. "Tata Motors is committed to the government's vision of e-mobility in India. We are excited to join forces with the government of Maharashtra towards this endeavour," Tata Motors CEO & MD Guenter Butschek said in a statement. The company is uniquely positioned to leverage the strength of its group companies to create an EV ecosystem, he added. "With our ready portfolio of EV offerings across our passenger and commercial vehicles, we are geared up to meet future requirements beyond the current tender commitments," Butschek said. He added that as part of its tender with EESL, the company has already completed the
Medium and heavy commercial vehicle sector's FY19 growth estimates of 12 per cent may be lowered
The latest announcement by the Trump administration in America to raise tariffs on imported automobiles and parts could add to JLR's woes
The exit from non-core businesses is part of a larger strategy being espoused by Tata Sons Chairman N Chandrasekaran.
Street will await improvement in JLR volumes, main trigger for stock
Though the stock has fallen over 30% in the past year, multiple headwinds mean it will continue to lag its peers and the Sensex; consistent volume growth at JLR is crucial for rerating
The stock moved higher by 4% to Rs 347 after JLR reported 11.9% y-o-y growth in total retail sales of 45,180 vehicles in April 2018.
The launch model had a starting price of Rs 5.87 lakh for petrol and Rs 6.87 lakh for the diesel variant
The stock was up 3% at Rs 352 on the BSE in early morning trade after the company reported a rise of 86% in its domestic sales at 53,511 units for April 2018.
The new range of ILCVs and the resolution of the supply chain-related glitches will help the firm outpace all segments of the CV industry
Apart from this objective, the Turnaround 2.0 initiative will result in making the company's PV segment self-funded and profitable
Tata Motors sold a total of 376,456 units of CVs in 2017-18 as against 305,620 units in 2016-17, a growth of 23.17%
Performance driven by double digit growth in both commercial and passenger vehicle segments
The stock down 4% to Rs 341 on Monday was the largest loser among the S&P BSE Sensex and Nifty 50 index at 11.42 am.
Tata Motors may initiate offering break-ups for both businesses for Dec quarter or from first quarter of next fiscal year
The stock moved higher by nearly 5% higher to Rs 372, extending their 9% surge on BSE in the past three days