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| Articles about Tata Motors |
| Tata Motors and Maruti wish to do | | 2008-07-18 00:27:00 | | GM, the world’s largest carmaker, has two manufacturing units in India; Hyundai and Suzuki, undoubtedly the world’s most ingenious small-car manufacturers, intend to make India their global or regional hubs for compact cars. The two are reportedly working on products that will specifically appeal to the Indian market, and also sell in the global markets. When asked about his company’s commitment towards India, Gyaneshwar Sen, GM (Marketing), Honda SIEL, says, “Off course, I think our actions show our commitment towards India.”Explaining further, Sen adds that there are three factors that prove it. First, Honda has launched the latest global models in India. Second, the car company has increased its capacity from 65,000 to 100,000 units a year. In addition, once its new plant in Rajasthan is set up, the annual capacity will more than double immediately to 160,000 units, and later to 200,000 units. Third, Honda plans to launch a globally-sold premium compact model in India soon... | | By: IIPM-World | | |
| | Hyundai zips past Tata Motors | | 2008-06-25 17:08:00 | | In April-May period this fiscal, the company has lost its position to Korean car maker Hyundai Motor as the second largest car seller in the country.The company sold 37,991 units in the passenger vehicle category selling models like the Indica, Indigo, Indigo Marina, Winger, Sumo and Safari in the first two months of this year. Hyundai sold 46,011 units during the same period preceded by Maruti Suzuki.Tata Motors share in the compact car segment declined to 15.78 per cent in 2007-08 from 19.21 per cent recorded a year ago, according to the Society of Indian Automobile Manufacturers (Siam).Its Indigo's share slumped to 13.91 per cent as against 17.42 per cent recorded in the two comparable periods.Experts attribute the company's drop in sales to the delay in launching new vehicles like the Indica and the Indigo, which were supposed to be introduced in the market last year.The loss in demand for Tata-badged vehicles was capitalised by other companies like Hyundai and General Motors-owned... | | By: Hyundai Cars News | | |
| | Tata Motors accelerates on rights issue plan | | 2008-05-28 10:34:00 | | The results hit the market a little while agoOn BSE, 1.93 shares were traded in the counter. The scrip had an average daily volume of 1.80 lakh shares in the past one quarter.The stock hit a high of Rs 644 and a low of Rs 612 during the day. The stock had a 52-week high of Rs 840 on 12 October 2007 and a 52-week low of Rs 535 on 22 January 2008.The large-cap scrip had outperformed the market over the past one month till 27 May 2008, declining 1.96% compared to the Sensex`s decline of 4.35%. However it underperformed the market in the past one quarter, sliding 11.43% compared to Sensex`s decline of 8.70%.The company`s current equity is Rs 385.55 crore. Face value per share is Rs 10.The current price of Rs 641.55 discounts its Q3 December 2007 EPS of Rs 51.78, by a PE multiple of 12.38.However Tata Motors` consolidated net profit slipped 0.10% to Rs 2167.70 crore on 10.47% rise in total income to Rs 35918.96 crore in full year ended March 2008 over full year ended March 2007.Tata Motors ... | | By: Indian stock markets | | |
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| | Tata Motors buys Jaguar, Land Rover for nearly USD 2.3 bn | | 2008-03-26 10:38:00 | | Tata Motors, India`s biggest automobile company, entered into a definitive agreement with Ford Motor for the purchase of Jaguar Land Rover, comprising brands, plants and intellectual property rights. The transfer of ownership to Tata Motors is expected to close by the end of next quarter, subject to applicable regulatory approvals.The total amount to be paid in cash by Tata Motors for Jaguar Land Rover upon closing will be nearly USD 2.3 billion. At closing, Ford will then contribute up to nearly USD 600 million to the Jaguar Land Rover pension plans.Commenting on the agreement, chairman of Tata Sons and Tata Motors, Ratan N Tata, said, ``we are very pleased at the prospect of Jaguar, Land Rover being a significant part of our automotive business. We have enormous respect for the two brands and will endeavour to preserve and build on their heritage and competitiveness, keeping their identities intact. We aim to support their growth, while holding true to our principles of allowing t... | | By: Indian stock markets | | |
| | Tata Motors Buy Jaguar and Land Rover? | | 2008-01-03 09:21:00 | | News from Autonews that Tata Motors is in negotiations with Ford Motor Co., issuing the buy of Ford's Jaguar and Land Rover brands."Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business." , Lewis Booth said, Chairman of Ford Europe.Booth added: "We will proceed with further substantive discussions with Tata Motors over the forthcoming weeks with a view to securing an agreement that is in the best interests of all parties concerned."Ford had put its sports car marker: Jaguar, and SUVs makers: Land Rover for sales since June 2007.Booth's statement is the first time Ford has revealed the identity of potential buyers for the brands.Tata is India's leading producer of commercial vehicles and No. 2 in India for passenger cars.In 2006 it built 580,000 vehicles, of which 54,000 were exported. Acquiring Jaguar Land Rover is part of an ambitious expansion program aimed at making Tata a major... | | By: Autos Space | | |
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| Tata Motors` Dec. sales drop 2%; Export rises 16% | | 2008-01-02 13:10:00 | | Leading automaker, Tata Motors reported a total sale of 47,678 vehicles (including exports) for the month of December 2007, a decline of 2% compared to 48,757 vehicles sold in December last year. Cumulative sales for the company were flat at 4,06,929 units.Commercial VehiclesThe company`s sales of commercial vehicles in December 2007 in the domestic market were 28,661 units, a growth of 2% compared to 28,179 vehicles sold in December last year. M&HCV sales stood at 15,689 units, a decline of 9% over December 2006, while LCV sales were 12,972 units, a growth of 19% over December 2006.Cumulative sales of commercial vehicles in the domestic market for the fiscal were 215,530 units, a growth of 2% over last year. Cumulative M&HCV sales stood at 112,871 units, a decline of 7.7% over last year, while LCV sales for the fiscal were 102,659 units, an increase of 15% over last year.Passenger VehiclesOfftake to dealers in the month was curtailed to limit year-end stocks. The passenger veh... | | By: Indian stock markets | | |
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