Page 41 - Tata Motors

Chota Hathi: Tata Motors to bring more commercial vehicles under Ace brand

Tata Motors today said it is expanding portfolio of its small commercial cargo vehicles under Ace brand with the addition of three new products priced between Rs 3.08 lakh and Rs Rs 4.78 (ex-showroom Mumbai). The company is introducing 'XL series' in its Ace Mega, Ace Zip and Ace range, offering 15 per cent longer loading deck as compared to the standard versions, Tata Motors said in a statement. "With the introduction of BS-IV compliant XL range of SCV (small commercial vehicles), we are offering a complete portfolio of last mile delivery solutions," Tata Motors Head - Sales & Marketing (Commercial Vehicles) RT Wasan said in a statement. These new additions will address the emerging needs for a safer, economical, and more reliable business transport solutions, he added. With the implementation of GST, the hub and spoke model of transportation will become even more prominent, which in turn will fuel growth of both heavy duty trucks and last mile transportation SCVs, he ...

Myanmar's defence team visits Tata Motors' Sanand unit

Auto major showcased it's product range, technological capabilities to the delegation

Tata Motors gains post June JLR sales data

The stock rallied 5% to Rs 458 on BSE in intra-day trade

Tata Motors, Tata Steel down up to 2% after a huge block deal

Tata Motors and Tata Steel were down 1%-2%, while Himatsingka Seide rallied 12% in intra-day trade.

Tata Motors says no plans to list Jaguar Land Rover

The company responded to a news report saying it is planning an IPO

Tata Motors to raise Rs 1,600 cr for 30% stake in Tata Technologies

Warburg Pincus to also pick 13% from Tata Capital for Rs 703 croreNew DelhiCountry's biggest automobile maker by revenue, Tata Motors will get about Rs 1,600 crore from the sale of its 30 per cent stake in IT company Tata Technologies to global private equity firm Warburg Pincus. The vehicle maker, which will be left with a 43 per cent stake, said the move is a part of plan to 'strategically monetize' part of the value created. Warburg Pincus will also acquire another 13 per cent stake in the same firm for Rs 703 crore from Tata Capital. The deal values the company at about Rs 5,300 crore"Tata Technologies has developed significant engineering capabilities over the years. The partial divestment is part of Tata Motors' plan to strategically monetise part of the value created while also inducting a valuable partner, together with whom the company can excel in its next phase of growth", C Ramakrishnan, Group CFO, Tata Motors said in a statement. The amount may provide a financial ...

Tata Motors' Sanand plant now part of its OE programme

Through the new exercise, company aims to be a leaner and agiler organisation

Tata Motors signs wage pact with Sanand workers

The settlement would be for five years, October 2015 to September 2020

Tata Motors to follow no designation policy for hierarchy free culture

Managers between L1-L5 grades will use the job title 'Head' followed by the function/department

Tata Motors signs five-year wage settlement with Sanand workers

Introduces performance linked pay at Sanand; 10% of salary linked to productivity, quality & safety

Tata Motors resolves long-term wage settlement issue in Sanand

Total wage package allotted is Rs 16,000

Workers at Tata Motors Sanand unit resume meals at plant canteen

Discussions are on for deciding the distribution of the hikes in wages for each of the years

Tata Motors' standalone business in red despite rising volumes

The 2016-17 financial year happened to be an exceptionally good one for most domestic automobile makers. Maruti Suzuki, Hero MotoCorp, Eicher and Ashok Leyland had record profits, mostly a function of rising domestic volumes and benign raw material prices. However, one company did not ride the wave. Tata Motors' standalone business (excluding its cash cow, Jaguar Land Rover) reported a loss of Rs 2,480 crore in FY17. The loss grew manifold from only Rs 62 crore in the year ended March 31, 2016. In the past five financial years, the standalone business has generated a total profit of Rs 870 crore and loss of Rs 7,219 crore. The standalone business primarily consists of commercial vehicles (CVs) and passenger vehicles (PVs). The country's largest truck maker saw its share in the domestic medium and heavy CV market slip to 49.2 per cent in FY17, from 52 per cent the previous year, according to industry data. The share in light CVs declined marginally to 38 per cent. Domestic sale of ...

Tata Sanand workers boycott canteen

Workers unhappy with delays in wage settlement; firm, workers likely to sign 5-yr contract on wages

Tata Motors to provide skill training to 40,000 youths in 3 years

Tata Motors is focusing on 10th, 12th class dropouts, youth from rural areas, SC and STs

Tata Motors gains on strong JLR performance in Q4

The stock rallied 5% to Rs 473 on BSE in early morning trade

Losses in India outweigh strong JLR sales for Tata Motors

Total income from operations fell 2.6 per cent to Rs 78,981 crores

Tata Motors Q4 net profit falls 16.8% to Rs 4,336 crore

JLR still the bright spot, India challenge persists

Strong JLR performance boosts Tata Motors' show

Standalone entity looking to gain 5% market share each in CV & passenger vehicle biz in 2 years

Tata Motors Q4 profit down 17% to Rs 4,336 cr, despite 13% JLR sales growth

Says consolidated revenue were lower by Rs 9,032 crore due to translation impact of GBP to the rupee