In 2016-17 Tata Motors' standalone gross revenues was at Rs 491 billion, up 3.6% from the previous year
Turnaround 2.0 would enable Tata's passenger vehicles to become financially self sustainable
The company is optimistic about maintaining its growth trajectory in the coming year on the back of a product portfolio like Tiago, Hexa, Tigor and Nexon"
For any product to be classified as Made in Bangladesh, 25% of the sourcing has to be local
The decline has come in spite of a turnaround in Tata Motors' standalone (domestic) business
The re-organisation began in the middle of 2017 and is expected to be complete by May, said a person directly involved
Has 5.33% share in India - the fifth-largest passenger vehicle market where 3 million units are sold annually
The challenge for the automobile industry will be to meet the demand of both conventional internal combustion engines (ICE) and electric vehicles
Analysts expect company's standalone business to post profit in Oct-Dec after five quarters
Home-grown auto major Tata Motors today reported 52.48 per cent jump in total sales at 54,627 units in December. The company had sold 35,825 units in the same month previous year, Tata Motors said in a statement. Domestic sales of commercial vehicles (CV) last month stood at 40,447 units as against 24,998 units in the same month previous year, a jump of 61.8 per cent. Tata Motors Head of Commercial Vehicle Business Unit Girish Wagh said the growth of CV sales in December was on the on the back of new product introductions across segments and improved availability of the new range of BS4 vehicles. "Increased demand for new tonnage vehicles, infrastructure development led by government funding and keen focus on customer requirements has helped reviving the M&HCV performance...With a well-defined CV strategy in place, we are confident of improving our performance across segments." he added. In the passenger vehicles (PV) segment, Tata Motors said its domestic sales were
Tata Motors' prospects are on an upward trend and this could also help mark a reversal in the underperformance of its stock, which has not only lagged its listed peers such as Maruti and Mahindra & Mahindra (M&M) but also the broader S&P BSE Sensex in the last on year.The improvement in prospects is visible in the recovery in Jaguar Land Rover (JLR) sales as well as market share gains in the domestic medium and heavy commercial vehicles (M&HCVs) and passenger vehicles segments. JLR, the UK-based subsidiary of the company, reported a 10 per cent gain in retail volumes after five months of lower-than-expected sales, due to higher volumes for the new Discovery and Range Rover Velar models.While sales for JLR in the fiscal year-to-date have been 4.5 per cent, most analysts peg the FY18 sales number closer to the 10 per cent-mark on the back of three new sports utility vehicle models, Velar, Discovery and E-Pace. Analysts at Macquarie expect margins of the company to rise ..
Other automakers such as Ford, Toyota Kirloskar Motor, Skoda and Isuzu already announced price hikes from early next year
President Mayank Pareek said he expects to maintain growth trajectory on robust product portfolio like Tiago, Hexa, Tigor
The company has resorted to an aggressive pricing strategy for all its new products as well
EESL will implement energy efficiency programmes in Tata Motors' manufacturing plants at Pantnagar, Lucknow and Pune in the first phase
The company recently said that in FY18 it would invest Rs 2,500 crore in passenger car business and Rs 1,500 crore in CVs
Fund managers sold 20 mn shares of the automaker, worth Rs 802 cr
The CV segment brings 80% of the FY17 Rs 49,100 cr standalone revenues
Tata's dream project Nano came alive in January 2008
Tata Motors today said it is deploying various safety technologies like electronic stability control (ESC) in its medium and heavy commercial vehicles (M&HCV). Besides ESC, the company is ready with automatic traction control (ATC) and hill start aid (HSA) safety technology for the range of trucks and buses. Developed in partnership with Wabco India, these technologies enhance road safety and efficiency of commercial vehicles. "The introduction of new safety technologies further reiterates our commitment to strengthen the safety performance of our products and introduce future technologies, ahead of time," Tata Motors Head - Commercial Vehicles Girish Wagh said in a statement. Tata Motors is the first OEM in India to deploy ESC technology in all its M&HCVs, he added. "We are confident that the introduction of new safety technologies in our M&HCVs will further aid the governments vision to improve driver and road safety in India," Tata Motors Vice President ..