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Thursday, June 20


News

Moodys downgrades Tata Motors with negative outlook on JLR worries

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Moody's downgrades Tata Motors with negative outlook on JLR worries By Press Trust of India | Mumbai | Last Updated at June 20 2019 20:24 IST. Global rating agency Moody's Investors Service Thursday downgraded Tata Motors' credit rating by a notch on the floundering performance of its British subsidiary Jaguar Land Rover. "The downgrades reflect sustained deterioration in Tata Motors' credit profile, with weaker than anticipated credit metrics--led by the weak performance of JLR," Kaustubh Chaubal, a vice president and senior credit officer at Moody's said in a note. In the case of the parent Tata Motors, the specific triggers for the downgrade are the high debt levels (where its debt to operating profit ratio has gone to 5.3 times) and operating margins dipping to 0.9 percent, the agency said. While restructuring efforts will prevent a further deterioration in credit metrics, the agency said it expects leverage will remain around 5 times the operating profits, margins at a weak under 3 per cent, and cash flows negative for at least the next 18-24 months.

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Wednesday, June 12


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Tata Motors global sales dip 23% in May

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The company sold 1,07,343 units in May 2018, Tata Motors said in a statement. By PTI | Jun 12, 2019, 07.50 PM ISTView in App. Tata Motors on Wednesday reported 23 per cent decline in global sales, including that of Jaguar Land Rover (JLR) vehicles, at 82,374 units in May. Get Real-time Business News NotificationsGet notified like millions of our users.Allow Notifications Now.

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Tata Motors Group Global Wholesales Drops 23 Per Cent In May 2019

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These are cumulative numbers from both the commercial vehicle segment as well as the passenger vehicle segment, including Jaguar Land Rover. This also includes the 4,219 units sold by CJLR, a JV between JLR and Chery Automobiles. As for the commercial vehicle segment, the company's global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range for May 2019 stood at 31,490 vehicles, compared to the 40,896 units over May 2018, registering a de-growth of 23 per cent. As for the Indian market, Tata Motors registered a similar decline of 26 per cent in overall sales. Honda BS6 Compliant Two-Wheeler Launch Live Updates: Prices, Specifications, Images, Features. BS 6 Compliant Honda Activa 125 Unveiled; Launch Later This Year.

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Tuesday, June 11


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Lowe Lintas wins creative mandate for Tata Motors' Altroz

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Lowe Lintas has bagged the creative duties for Tata Motors' Altroz, following a multi-agency pitch that saw participation from a number of leading agencies in India. Tata Altroz is the premium hatchback from Tata Motors that is based on the new ALFA-ARC (Agile Light Flexible Advanced Architecture) architecture. Tata Altroz aims at reinventing the premium city car design and resetting the rules for the industry. Talking about the appointment of Lowe Lintas as the creative agency, S N Barman, Vice President (Sales, Marketing & Customer Support, Passenger Vehicles Business Unit), Tata Motors said, “We are delighted to associate with Lowe Lintas and welcome them onboard as our creative partner for the much awaited Tata Altroz.

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Friday, June 07


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Tata Ultra Business Utility Vehicle Launched In Vietnam

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Offered in engine capacities ranging from 84 bhp to 178 bhp, the Tata Ultra also comes in multiple payload capacities from 4 tonnes to 11 tonnes. Commenting on the launch, Girish Wagh, President - Commercial Vehicles, Tata Motors said, "The Tata Ultra Business Utility vehicle is a result of extensive feedback from customers and an immersive study into the lives of drivers to better understand their expectations, and is thereby designed to fast-track their businesses with a superior all-round performance. Tata Motors is committed to shaping the industry here in Vietnam, with the latest global technologies, giving the Vietnamese customer competitive business advantages with the trusted credentials of the Tata Motors brand." The model showcased at the launch event is the Tata Ultra 814 that is powered by Euro 4 compliant 3-litre common rail engine that offers a maximum output of 138 bhp. The motor comes mated to the new-gen G-550 six-speed transmission that comes with overdrive, cable-shift mechanism, and an aluminium casing, a first-of-its-kind setup for the Vietnam market.

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Thursday, June 06


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Stocks to watch today: DHFL, OMCs, rate-sensitive stocks and Tata Motors

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Stocks to watch today: DHFL, OMCs, rate-sensitive stocks and Tata Motors By SI Reporter | New Delhi | Last Updated at June 06 2019 08:27 IST. At 07:24 am, Nifty futures on the Singapore Exchange (SGX) were trading 37 points or 0.31 per cent lower at 12,044, indicating a negative start for the Nifty50 index back home. DHFL: Rating agencies CRISIL and Icra have assigned ‘D’ rating to DHFL’s commercial papers, anticipating a default, while CARE Ratings marked D, or default, the housing finance firm’s all long-term facilities, including public NCDs of Rs 29,000 crore and fixed deposits of Rs 8,940 crore. Coal India: Coal India targets more than 8 per cent growth in production at 660 million tonnes in 2019-20 compared to 607 million tonnes in the last fiscal and plans a capital expenditure of Rs 10,000 crore in the current fiscal, according to sources.

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Saturday, June 01


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Tata Motors domestic sales drop 26 pc to 40,155 units in May

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By PTI | Jun 01, 2019, 09.09 PM ISTView in App. "Tata Motors commercial and passenger vehicles business sales in the domestic market in May 2019 at 40,155 units witnessed a drop of 26 per cent, as against 54,290 units sold in May 2018, as market sentiments continued to be muted," it said in a statement. Get Real-time Business News NotificationsGet notified like millions of our users.Allow Notifications Now. READ MORE:Tata Motors |passenger vehicles |india auto |Commercial Vehicles |auto sales india.

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Friday, May 31


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Tata Motors ties up with IndianOil for 'Saarthi Aaram Kendra'

TTM

Indian Oil and Tata Motors have come together for various business tie-ups in the past and this new joint initiative on driver welfare activity will further improve the goodwill towards driver community. The company has tied-up with Indian Oil for this initiative, he said adding in the initial phase, over 100 saarthis will benefit every day at this facility, which will be gradually scaled up. It offers an environment wherein saarthis will easily have access to their basic needs, this, in turn, will help them de-stress after long journeys and thereby improve their overall efficiency,” said Girish Wagh, head of the Commercial vehicle business division, Tata Motors. The aaram kendra is another such unique initiative taken in this direction to cater to the daily needs of commercial vehicle drivers in a more efficient manner,” said Vigyan Kumar, executive director (retail sales), Indian Oil.

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Wednesday, May 29


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Tata Motors Share Price: Auto shares in the red; Tata Motors down 2%, Auto News, ET Auto

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NEW DELHI: Auto shares were trading in the red in Wednesday's morning session. Shares of Tata Motors (down 2.11 per cent), TVS Motor Company (down 1.43 per cent), Ashok Leyland (down 1.15 per cent) and Bharat Forge (down 0.96 per cent) were the top losers in the index. The Nifty Auto index was trading 0.60 per cent down at 8347.65 around 09:48 am. Benchmark NSE Nifty50 index was down 22.85 points at 11,905.90 while the BSE Sensex was down 87.96 points at 39,661.77.

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Friday, May 24


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Tata Launches First Compact Truck Intra Will Replace Ace; at 5.35 Lakh

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The Tata Intra currently comes as per the emission norms of the BS-IV stage, but it will come with BS-VI emission norms starting April 1, 2020. The premium variant of the truck will have numerous features such as mobile charging point, electronic instrument cluster, big headlamps, large windscreen, lockable glove box, storage on dashboard and door trims, headrest, pre-fitted music system, and AC in the premium variant. Guenter Butschek, CEO and MD, Tata Motors, said, “The Tata INTRA is a testament of our unrelenting commitment to introduce products that embody engineering passion and bolster customer value proposition and it will be a game changer for us in the SCV segment as it offers several industry-first features, setting high standards in the market.”. Comparing Intra with Tata Ace, he said, “Ace used to sell a minimum of 2,500 units a month and it is continued to do and we want to replicate the Ace success in Intra.”"Tata Motors Give Birth To India's First Compact Truck: Tata Intra Will Replace Tata Ace; Price Starts At Rs 5.35 Lakh", 5 out of 5 based on 2 ratings.

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