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NYA:TTM, Dec 14, 11:12 UTC

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Tata Motors, Ford, Nissan to hike prices from January

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"We are taking this step due to increase in input price owing to high commodity prices and frequent fluctuations in foreign exchange rates," Ford India Executive Director - Marketing, Sales and Service, Vinay Raina told . Ford sells a range of models, from compact utility vehicle Freestlye (starting price Rs 5.23 lakh) to iconic sports car Mustang priced at Rs 74.62 lakh (all prices ex-showroom Delhi). Similarly, Tata Motors also said it will hike prices of its passenger vehicles across models by up to Rs 40,000 from January 1, 2019, to offset the impact of rising input costs and increase in fuel prices. "The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase," Tata Motors President of Passenger Vehicles Business Unit Mayank Pareek said. Maruti Suzuki, Toyota Kirloskar, BMW, Renault and Isuzu have already announced price hike from next month citing impact of increase in commodity prices and foreign exchange rates.

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Tata Motors to hike PV prices across models by up to Rs 40,000 from Jan 1

TTM

Tata Motors on Thursday said it will hike prices of its passenger vehicles across models by up to Rs 40,000 from January 1, 2019, to offset the impact of rising input costs and increase in fuel prices. The company's passenger vehicles portfolio ranges from entry-level small car Nano to the premium SUV Hexa, which are currently priced between Rs 2.36 lakh and Rs 17.97 lakh (ex-showroom Delhi). Pareek said despite the price hike, Tata Motors is "optimistic on maintaining our growth trajectory in the coming year on the back of our robust portfolio". "Early 2019 will also mark the entrance of our most awaited SUV – the Harrier," he said.

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Tata Motors to hike PV prices across models by up to Rs 40,000 from Jan 1

TTM

Tata Motors on Thursday said it will hike prices of its passenger vehicles across models by up to Rs 40,000 from January 1, 2019, to offset the impact of rising input costs and increase in fuel prices. The company's passenger vehicles portfolio ranges from entry-level small car Nano to the premium SUV Hexa, which are currently priced between Rs 2.36 lakh and Rs 17.97 lakh (ex-showroom Delhi). Pareek said despite the price hike, Tata Motors is "optimistic on maintaining our growth trajectory in the coming year on the back of our robust portfolio". "Early 2019 will also mark the entrance of our most awaited SUV – the Harrier," he said.

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Monday, December 10


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Tata Motors Group's Global Sales Falls By 7% In November 2018

TTM

It's not been a great year for car manufacturers not only in India, but also across the world. While consumer sentiments changing is one aspect for this change, there's been a lot of talk about a slump in sales of diesel powered cars and of course the hike in prices of crude oil globally. The company announced that it was hit by losses at its UK subsidiary Jaguar Land Rover (JLR) and higher raw material costs. On the commercial vehicles front, global wholesales for all Tata Motors' vehicles and Tata Daewoo range in November 2018 stood at 38,535 units, lower by 6 per cent compared to November 2017. Sales in China for Jaguar Land Rover decreased by 49 percent because of the challenging market conditions amid tariff changes and continued trade tensions with the US. For the latest auto news and reviews, follow CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.

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Sunday, December 09


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Tata Motors bets big on SUV Harrier for sustainable growth: Official

TTM

Tata Motors bets big on SUV Harrier for 'sustainable' growth: Official By Press Trust of India | New Delhi | Last Updated at December 09 2018 13:41 IST. Tata Motors, which is on a comeback trail, is betting big on its upcoming SUV Harrier to place itself among the top three passenger vehicle manufacturers on a sustainable basis, a top company executive said. "We were number seven at that point in time. When we became number three for the first time in October last year on a monthly basis, we surprised ourselves. At no given point of time the organisation really had a belief that this is going to be possible," Butschek said. In April-October period this fiscal, Tata Motors is at fourth position with sales of 1,38,732 units, a growth of 25.65 per cent over the same period of 2017-18.

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Friday, December 07


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Tata Harrier First Drive Review - CarWale

TTM

Well, we will get to that in a bit. But, what you need to know right now is that the Harrier will rival the likes of the Hyundai Creta at the lower end, and the Jeep Compass at the very top. Tata is quoting a price range of Rs 16-21 lakhs for this one. But, of course, at this price, it might also eat into its own sibling, the Tata Hexa's sales. So, clearly, the Harrier has a big pie to dig into. However, can the Harrier, Tata's first full-sized monocoque SUV, actually demand a price tag of around Rs 20 lakhs? It is extremely close to the H5X concept Tata had shown at the expo. So, it has a wonderfully squat stance with a racy top hat. The sloping down roof line gives it the air of sportiness, modernity, and style. And, even though it looks less like an SUV, and more like a sporty, tall hatch from the rear, it's a lovely posterior to behold. How is it on the inside?

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Thursday, December 06


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Jaguar Land Rover struggles drop Tata further into junk rating

TTM

Jaguar Land Rover struggles drop Tata further into junk rating. JaguarLand Rover's struggles with profitability this year have had a knock-on affect with owner Tata Motors, which had its credit rating lowered further by S&P Global Ratings. Automotive News Europe reports that the Indian firm's long-term issuer credit rating and long-term issue rating on its US-dollar-denominated senior unsecured notes have both been lowered further into junk, coming down from BB to BB-. Last quarter Tata posted a loss of around £111.3 million (10.49 billion rupees), and began a turnaround process with Jaguar Land Rover which aimed to improve cashflow by £2.5 billion in the next 18 months.

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Wednesday, December 05


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S & P Global Ratings downgrades ratings of Tata Motors & JLR

TTM

S & P Global Ratings downgrades ratings of Tata Motors & JLR. By Capital Market | Last Updated at December 05 2018 10:04 IST. Tata Motors announced that S & P Global Ratings has downgraded the credit rating of the Company and Jaguar Land Rover Automotive Plc, Wholly Owned Subsidiary. Senior Unsecured notes Ratings - BB-/Negative Watch (Revised from BB due to weaker profitability at JLR) Jaguar Land Rover Automotive Plc Issuer Credit Rating - BB-/Negative Watch (Revised from BB due to weaker profitability).

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Tata Motors falls as S&P cuts credit rating on JLR woes

TTM

Tata Motors falls as S&P cuts credit rating on JLR woes. (Reuters) - Shares of Tata Motors Ltd fell on Wednesday after S&P cut credit rating for the automaker and its British luxury car unit Jaguar Land Rover (JLR), citing weaker-than-expected profitability at JLR. S&P Global Ratings on Tuesday https://www.bseindia.com/xml-data/corpfiling/AttachLive/77a50344-91e6-4afd-966e-3101511d5c6d.pdf cut its rating on issuer credit and senior unsecured notes to 'BB-' from 'BB' for both Tata Motors and JLR. The company said in October end it plans to cut costs and improve cash flows under its turnaround plan for JLR, which has been hit hard by trade tensions between China and the United States, low demand for diesel cars in Europe and worries over Brexit.

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Tata Motors slips after S&P cuts credit rating

TTM

Tata Motors fell 2.25% to Rs 171.75 at 9:19 IST on BSE after S&P Global Ratings lowered the credit rating of the company and Jaguar Land Rover Automotive Plc.The announcement was made after market hours yesterday, 4 December 2018. On the BSE, 1.42 lakh shares were traded in the counter so far compared with average daily volumes of 10.39 lakh shares in the past two weeks. S&P cut its rating on Tata Motors' issuer credit and senior unsecured notes to 'BB-' from 'BB'. On a consolidated basis, Tata Motors reported net loss of Rs 1009.49 crore in Q2 September 2018 as compared with net profit of Rs 2501.67 crore in Q2 September 2017.

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