Tata Motors sales up 6 percent in SeptemberOctober 1st, 2009 KOLKATA - Global auto major Tata Motors sold 52,513 vehicles last months as against 49,647 units in September 2008, registering a growth of 6 percent, the company said Thursday. "The company's domestic sales of Tata commercial and passenger vehicles for September 2009 were 49,650, a 10 percent growth over 45,234 sold in September last year, it said.
Tata Motors reports 18 percent growth in salesAugust 3rd, 2009 MUMBAI - July sales of auto major Tata Motors grew 18 percent to 48,054 vehicles as against 40,729 units sold in the year-ago period, the company said Monday. In a regulatory statement, it said domestic sales of both commercial and passenger vehicles grew 23 percent to 45,599 units as compared to the 37,033 units sold a year ago.
Tata Motors net profit jumps 57.5 percentJuly 27th, 2009 MUMBAI - Auto major Tata Motors Monday reported 57.5 percent surge in its net profit at Rs.513.7 crore (Rs.107 million) for the quarter ended June 30, as compared to Rs.326.11 crore in the like period last fiscal. Total income, however, decreased 7 percent to Rs.6,723.9 crore from Rs.7,244 crore, the company said in a regulatory statement.
Tata Nano makes showroom debut in HyderabadJuly 14th, 2009 HYDERABAD - Tata Motors on Tuesday rolled out the first commercial consignment of Nano, regarded as the World's cheapest car to be showcased at Hyderabad on Tuesday. "The first consignment has come to Hyderabad.
Tata Motors launches Jaguar, Land Rover in IndiaJune 28th, 2009 MUMBAI - Tata Motors, one of India's top automobile manufacturers, launched its Jaguar, Land Rover brands in India on Sunday. Addressing a press conference here on the occasion, Ratan Tata, the chairman of the Tata Group, said: "It's quite a memorable day in the history and heritage of Tata Motors...JLR has been well received and well established in India (in the past), but over the years this brand has been disconnected from India."
"I think, the cars will exhibit the levels of technology and levels of performance here.
Jaguar, Land Rover models launched in IndiaJune 28th, 2009 MUMBAI - Nearly 16 months after acquiring the iconic Jaguar and Land Rover brands, Tata Motors formally launched the luxury cars in India here Sunday. Tata Motors chairman Ratan Tata said initially, three Jaguar and two Land Rover models would be available in the country.
Tata says UK job cuts likely at Jaguar Land RoverJune 27th, 2009 LONDON - Tata Motors has said that more UK job cuts are likely at Jaguar Land Rover, which sent India's largest carmaker to a thumping loss for the year. Tata Motors vice-chairman Ravi Kant said JLR global sales for the 10 months to March fell by 32 percent to 167,000 vehicles from 246,000 the previous year.
Tata Motors, Bank of India tie up for Fiat car financeJune 15th, 2009 CHENNAI - Tata Motors has entered into an understanding with Bank of India for financing Fiat cars that are sold through the Tata-Fiat dealer network, the auto major said Monday. As per the agreement, customers can avail of special interest rates ranging from 9.75 percent to 10.25 percent on loans up to Rs.10 lakh for all Fiat models, including the forthcoming Grande Punto, Tata Motors said in a statement.
Tata Motors net falls 51 percentMay 30th, 2009 MUMBAI - Tata Motors Ltd, India's automobile major reported a smaller-than-expected 50.7 percent drop in the annual profit while sales picked up in the March quarter and raw material prices fell. This was disclosed by C Ramakrishnan, Chief Financial Officer of Tata Motors, at a press conference here on Friday.
Tata Motors net profit shrinks 50.7 percentMay 29th, 2009 MUMBAI - Auto major Tata motors Friday said its net profit for 2008-09 plummetted 50.7 percent because of "demand contraction". The company in a statement said its annual profit stood at Rs.1,001.26 crore, down from Rs.2,028.92 crore reported in 2007-08.
Prakash Telang new managing director of Tata MotorsMay 29th, 2009 MUMBAI - Auto major Tata Motors has appointed Prakash M. Telang as its managing director, while the incumbent Ravi Kant will continue as non-executive vice chairman, the company said Friday.
Little car sells big: Tata sells 203,000 ultra-cheap Nanos, makes $512 million in 2 weeksMay 4th, 2009 Tata sells 203,000 Nanos, makes $512 millionMUMBAI, India — More than 203,000 people have bought the ultra-cheap Nano car in India yielding sales of 25 billion rupees ($512.6 million), Tata Motors said. "Tata Motors places on record its gratitude to the people of India for according such a warm welcome to the Tata Nano," the company said in a statement Monday night.
Auto sales up in February, but industry remains cautiousMarch 10th, 2009 NEW DELHI - February brought a breather for the country's struggling auto industry, which witnessed a 15-percent year-on-year jump in passenger vehicle- sales and 45 percent growth in the mid-size segment during the month, according to an industry lobby. The figures released by the Society of Indian Automobile Manufacturers (SIAM) said compact vehicle-sales also went up 21 percent last month.
Nano to be launched March 23February 26th, 2009 KOLKATA - Global auto major Tata Motors Thursday announced that the much-awaited Tata Nano will be launched in Mumbai March 23. Tata Nano is world's cheapest car priced at around Rs.100,000.
Tata Motors wins Rs.22-bn contract for Delhi city busesJanuary 28th, 2009 NEW DELHI - Auto major Tata Motors has bagged a contract worth Rs.22 billion (Rs.2,200 crore) from the Delhi Transport Corp (DTC) to supply 1,625 low-floor buses and maintain them for 12 years, the company announced Thursday. The contract comprises about Rs.9 billion for the supply of buses and Rs.13 billion for their 12-year maintenance, Tata Motors said in a statement.
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