Tata Motors-owned Jaguar Land Rover (JLR) on Thursday posted revenues of 6.4 billion pounds in the quarter ending December 2019, marking a 2.8 per cent rise year-on-year. The UK-based luxury carmarker said that while its total retail sales fell 2.3 per cent.
Tata Motors-owned Jaguar Land Rover (JLR) on Wednesday said that around 500 jobs will be affected as it cuts down on shifts to optimize car production at its Halewood factory in Merseyside.
Tata Motors on Wednesday entered into the premium hatchback segment with the rollout of Altroz at a starting price of Rs 5.29 lakh (ex-showroom India). Unveiled in December last year, the Altroz, which is the industry's first BSVI diesel-ready car is also the first vehicle model based on the brand’s Alfa platform and the second vehicle showing the Impact 2.0 design language.
Tata Motors said on Thursday that it will start rolling out BSVI-compliant passenger vehicles from this month. The auto major also plans to have four global unveils and display 14 commercial and 12 passenger vehicle at the upcoming Auto Expo, Managing Director and Chief Executive Officer Guenter Butschek said.
Tata Motors on Friday said it has partnered app-based taxi service provider Prakriti E-Mobility to deploy 500 Tigor electric vehicles (EVs) in the national capital.
Auto major Tata Motors on Thursday unveiled its first electric SUV Nexon EV that will be commercially launched within weeks. The SUV, built on its most popular SUV Nexon, is the first electric vehicle (EV) powered by Ziptron technology and offers "a range not less than 300 km per charge" and can accelerate to 100 kmph in just 9.9 seconds.
Tata Motors is not looking to reduce the workforce due to the ongoing slowdown in the domestic market, as it expects things to get better amid a wave of new products lined up for the launch over the next few months, a top company official has said.
Hyundai Motor India on Tuesday said it will increase prices of its entire product range from next month to primarily offset the impact of rising input costs. "The extent of price increase may vary for different models and fuel types," Hyundai Motor India Ltd (HMIL) said in a statement.
The company, which has around 860 sales outlets spread across the country, has already added up around 100 outlets in the current financial year till now
Tata Motors on Wednesday said it will increase prices of its passenger vehicles from January, primarily in order to offset impact of upgrading its portfolio to conform to BSVI emission norms. The company currently sells products ranging from hatchback Tiago to SUV Harrier, priced between Rs 4.39 lakh and Rs 16.85 lakh (ex-showroom Delhi).
Tata Motors on Monday said it has bagged an order for over 2,300 buses from various state transport undertakings (STUs) and is working to complete deliveries of the same by February next year.
Passenger vehicle sales in the domestic market during the month stood at 10,400 units as against 16,982 units in the same month previous year, down 39 per cent.
Shares of the company on Wednesday ended 0.3 per cent lower at Rs 167.25 apiece on the BSE.
As part of the agreement, the auto major will supply 400 Tigor EV units to Lithium Urban by the end of the current fiscal, Tata Motors said in a statement. The partnership also entails supply of 100 more electric vehicles, like the upcoming Nexon EV, from the company's stable
Moody's assigned a Ba3 rating to the proposed senior unsecured notes to be issued by Tata Motors. The rating outlook is negative, Moody's said in a statement.
Total domestic sales were down 32 per cent at 39,152 units as compared with 57,710 units in October last year, it added. Passenger vehicle sales in the domestic market during the month stood at 13,169 units as against 18,290 units in October last year, 28 per cent down.
The homegrown auto major on Friday reported a consolidated net loss of Rs 187.7 crore for the quarter ended September 30, against a loss of Rs 1,009.49 crore in the same period of 2018-19.
Investors hurriedly bought Tata Motors shares on Thursday after the news of Britain and the EU reaching a new Brexit deal reached Dalal Street.
The all-new Tata Tigor EV will be available in 3 variants- XE+, XM+, XT+ and 2 driving modes- ‘Drive’ and ‘Sport’.
The vehicle, which now comes with 213 km of range, qualifies for incentives under the FAME II scheme for commercial usage.
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