Tata Motors sales up 34 percent in October

October 27th, 2009 KOLKATA - India's largest auto maker Tata Motors is aiming 50-60 percent growth in the production of its light commercial vehicles (LCV) in 2009-10, a top company official said here Tuesday. "We're expecting a growth of about 50-60 percent in the production of our LCV units in 2009-10.

October 20th, 2009 KOLKATA - Auto major Tata Motors has acquired the remaining 79 percent stake in Spanish coach maker Hispano Carrocera SA, a company statement said Tuesday. "Tata Motors, which had a 21 percent stake in Hispano Carrocera since 2005, has acquired the remaining 79 percent shares in Hispano by way of exercise of the existing call option, through mutual agreement with the other share-holder, Investalia SA," the company said.

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.

August 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.

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 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 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 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.

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 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.

May 18th, 2009 KOLKATA - Auto major Tata Motors Monday said it would hike wages of its employees this fiscal despite the effects of the slowdown, though the increment may not be in tune with that of previous years. 'There are companies that haven't raised wages this year but we are definitely looking at giving wage increases,' Tata Motors human resource vice-president S.J.

March 3rd, 2009 NEW DELHI - Auto major Tata Motors Monday said its last month sales went down 19.1 percent to 43,807 vehicles as against 54,181 units in February 2008. The company said in a statement that its commercial vehicles sales went down 25 percent, while the passenger vehicles sales reported a marginal year-on-year growth of 1.5 percent.

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.

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.