Tata Motors reports a loss of $521.8 million in 2008-2009

October 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.

September 19th, 2009 LONDON - The British Government has announced a 10-million-pound loan to Indian carmaker Tata Motors for the electric car-manufacturing project in the UK. The loan, part of a scheme backing low-carbon technology in the motor industry, will support a 25 million pound investment by Tata Motors in its West Midlands base, The Scotsman reports.

August 31st, 2009 MUMBAI - The high-priced acquisition of Jaguar Land Rover (JLR) and dipping volumes have taken their toll on Tata Motors, which reported a loss of Rs.328.78 crore in the first quarter ended June 30, as compared to a profit of Rs.719.69 crore logged in the same quarter the previous fiscal. The company's consolidated gross revenue for the first quarter of the current fiscal stood at Rs.16,953.63 crore, while it was Rs.15,496.28 crore in the year-ago period.

June 28th, 2009 MUMBAI - Three months after launching Nano, the world's most inexpensive family vehicle at the Rs.1 lakh, Tata Motors Sunday launched here the iconic Jaguar and Land Rover cars, to cost between Rs.63 lakh and Rs.92 lakh in India. Tata Motors chairman Ratan Tata said initially, three Jaguar and two Land Rover models would be available in the country.

June 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.

June 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.

June 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.

June 26th, 2009 MUMBAI - Leading vehicle maker Tata Motors has posted a huge loss of Rs.2,505.25 crore ($520 million) in 2008-09 as against a profit of Rs.2,167.7 crore recorded the year before, thanks to the global slowdown and losses made by its British unit. Its turnover, however, almost doubled to Rs.70,938.85 crore last year from Rs.35,660.07 crore in 2007-08, the company said in a statement.

May 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.

May 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.

May 11th, 2009 NEW DELHI - Telecom operator Tata Teleservices Maharashtra Monday reported a net loss of Rs.1.6 billion for fiscal 2008-09 ended March 31 against a net loss of Rs.1.25 billion in the previous year. The total income, however, increased to Rs.20.53 billion from Rs.17.89 billion in the previous year, a company statement said.

May 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.

February 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.

February 22nd, 2009 NEW DELHI - Tata Motors chairman Ratan Tata was named Saturday 'The Automotive Man of the Year 2009', an award sponsored by news channel NDTV Profit to honour industrialists in the auto sector. Speaking of his selection for the honour, Tata said: 'This is a tremendous boost to my morale.' 'I hope we can sustain ourselves through this difficult period and thereafter, looking back, people could say an Indian group nurtured the British brand,' he said with reference to Tata Motors' acquisition of British luxury car brands Jaguar and Land Rover.

January 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.