Mumbai: Shares in Tata Motors dropped as much as 11.8 percent on Wednesday, wiping more than $1.5 billion off the value o f the Indian car maker, following deep disappointment about the fall in operating margins at its Jaguar Land Rover unit. The steep decline came even after Tata Motors said on Tuesday fiscal fourth quarter net profit had more than doubled, as it had been driven by a one-off...
03:53 PM, May 30, 2012
Mumbai: The Indian market ended Wednesday' trade on a pessimist note as traders chose to sit on the sidelines ahead of the F&O expiry and Q4 GDP numbers slated for a release on Thursday. European markets slipped too after euro fell to its record low in 23 months as investors worried over Spain's banking problems. After more credit ratings downgrades of Spain and news of European Central bank rejecting Spains...
09:39 AM, May 30, 2012
New Delhi: A day after petrol prices were hiked by an all-time record of Rs 7.50 per litre, leading car makers Maruti Suzuki, Tata Motors and Hyundai Motor on Thursday announced discounts of up to Rs 50,000 on petrol models for a limited period. While the country's largest car maker Maruti Suzuki India has offered a Rs 30,000 discount on its best selling small car Alto in order to stop...
07:59 PM, May 24, 2012
Kolkata: West Bengal Chief Minister on Saturday described her first year in office as a success story barring her failure to return land taken from unwilling farmers for the Tata Motors project. "Our only disappointment is the inability to return the land to the unwilling farmers of Singur. As the matter is sub-judice, we cannot give back the land. This is the biggest pain and disappointment that I have," Banerjee...
02:28 AM, May 20, 2012
New Delhi: Car sales in India rose just 2.2 percent in the fiscal year that ended in March, a year to forget for automakers marked by demand-smothering high interest rates and rising fuel costs, but are seen posting double-digit growth this year. Sales rose an annual 19.7 percent in March, a fifth straight monthly increase, but still lower than the 30 percent growth seen in the 2010/11 fiscal year, before...
05:51 PM, Apr 10, 2012
Four companies are battling for the largest ever public-private partnership project to build a light armoured carrier for the Indian Army"the Future Infantry Combat Vehicle (FICV). The Army needs about 2,600 such vehicles over 20 years. All four bidders"Tata Motors, Mahindra Defence Systems, L&T and the government-owned Ordnance Factory Board (OFB)"have presented their designs and the evaluation is set to move to the final phase within a month. The Rs...
12:07 PM, Apr 09, 2012
If you're on any of India's national highways, the sight of an overloaded truck travelling at a sedate pace is pretty common. Truckers seldom cover more than 300 km a day, compared to more than 1,000 km a day in the West, at speeds no more than 25 km an hour. Even today, a truck travelling from Delhi to Kolkata " a distance of about 1,500 km " has to...
08:52 AM, Mar 31, 2012
New Delhi: Auto major Tata Motors on Monday said it has increased prices of its passenger vehicles, including the Nano, by up to Rs 35,000 with immediate effect due to hike in excise duty in the Budget for 2012-13. "We have raised the prices as per the excise duty hike in the Budget. In passenger cars, the increase will vary between Rs 2,000 and Rs 8,000 depending upon various models,"...
02:17 PM, Mar 19, 2012
Geneva: At a time when fuel conservation is becoming imperative across the world, Tata Motors is aiming to make a car, Tata Megapixel that can deliver up to 100 kilometres from a litre of fuel by using a unique combination of technology. The company, which surprised the world with 'Rs 1 lakh car' Nano, on Tuesday unveiled the concept vehicle which is a four-seater global range extended electric vehicle (REEV)...
07:55 PM, Mar 06, 2012
New Delhi: Tata Steel has topped a list of India's 50 most admired companies, while four other companies from the steel-to-software conglomerate Tata group have also made to the first such rankings. However, the first such list for India, compiled by business magazine Fortune and global management consultancy Hay Group, has nearly half of the total 50 positions being occupied by the Indian units of the foreign companies. Tata Steel...
02:46 PM, Mar 06, 2012
As they say, looks can often be misleading. At first glance, the Engineering and Research Centre (ERC) inside the Tata Motors' factory in Pimpri doesn't seem to be the kind of place where great ideas are born. The paint on the walls is a dull shade of blue and white, the same colour as the uniform that employees sport, there are helmets strewn all over the place, the window panes...
11:55 AM, Feb 29, 2012
Dhaka: Low-priced, tiny and reasonably reliable Nano cars made by Tata Motors are set to roam the streets of Bangladesh from early next month, the local distributor said on Monday. "We plan to import up to 2,000 cars initially but the figure will be raised with increased demand in the country," said Abdul Matlub Ahmed, chairman of Nitol-Niloy Group. The Nano, one of the smallest as well as the cheapest...
01:55 AM, Feb 21, 2012
Vadodara: Gujarat Congress on Saturday accused Chief Minister Narendra Modi of ignoring the issues concerning small and medium enterprises (SMEs) for the sake of corporate bigwigs. "Around 57,000 small and medium scale units have become defunct due to flawed policies of BJP government. Modi is not interested in addressing the issues of SMEs and is more interested in according special treatment to corporate giants," Gujarat state unit Congress president Arjun...
11:02 PM, Feb 18, 2012
Mumbai: Tata Motors on Tuesday reported 40.51 per cent jump in consolidated net profit to Rs 3,406 crore for the quarter ended December 31, 2011. The company had posted a net profit of Rs 2,424 crore in the corresponding period last financial year, Tata Motors said in a statement. The consolidated revenue during the third quarter also increased by 43.95 per cent to Rs 45,260 crore from Rs 31,442 crore...
06:51 PM, Feb 14, 2012
The world's cheapest car has had an upgrade. Inflammatory jokes apart, the 2012 Tata Nano is Tata Motors' first refresh of the iconic car since its launch in 2009. It looks identical, but has had some changes made under the hood, or the rear seat, in this case. Tata has bumped up the power to 38PS, up from the original 35PS, putting it on an equal footing with the Maruti...
12:30 PM, Jan 26, 2012
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