Tata Motors hopes cars produced in future stay trouble-free
Posted on 18th June 2014 |
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A lot is at stake for Tata Motors as far as two new launches from the carmaker, expected later this year, are concerned. The company is pinning its hopes on Zest — a new sedan — and Bolt — a new hatchback — to revive its flagging fortunes in the passenger car market. Pratap Bose, head of design at Tata Motors, speaks to Geeta Nair, and says that chairman Cyrus Mistry is personally reviewing the new cars being designed, and his involvement is reminiscent of Tata Sons’ previous chairman Ratan Tata’s passionate engagement with the launch of the Nano, the cheapest car in the world, produced by the company. Edited excerpts. |
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Markets flat in opening trades; HDFC & M&M top losers
Posted on 17th June 2014 |
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Markets have turned absolutely flat after making a marginally lower opening weighed down by global markets and financials. By 9:30, the Sensex was lower by 2 points at 25,189 and the Nifty slipped by 3 points at 7,531 mark. On the global front, Asian shares struck a cautious tone on Tuesday as the double-whammy of a deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for risk. |
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Tata group lines up Rs 65,000-crore capex for FY15
Posted on 16th June 2014 |
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Various firms of Tata group have lined up capital expenditure worth over Rs 65,000 crore for the current fiscal. The capex is part of respective medium-term strategies of the different companies covering all the business sectors of the group, ranging from engineering, materials, information technology and communications, consumer products, services, energy to chemicals. |
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Vendors trim output as Tata shuts Nano plant for 3 weeks
Posted on 16th June 2014 |
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With Tata Motors shutting down its Nano manufacturing plant in Sanand for three-six weeks, vendors situated in the vendor park have also scaled down production. “We too have had to curtail production. Frequency of orders from Tata Motors has been reducing due to high inventory at their Nano plant. As a result, we had seen inventory piling up at our plants,” said a vendor supplying electrical parts to the Sanand plant. |
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Tata Motors' global sales down 5.14%; JLR puts up a good show
Posted on 13th June 2014 |
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Tata Motors on Thursday reported 5.14 per cent decline in global sales, including that of Jaguar Land Rover (JLR), to 77,575 units in May. The company had sold 81,783 units in the same month last year. In the passenger vehicles category, the global sales last month were at 48,414 units, as against 43,142 units in May 2013, up 12.2 per cent, Tata Motors said in a statement. |
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Jaguar Land Rover sales rise 20% in May to 38,831 units
Posted on 12th June 2014 |
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New Delhi: Tata Motors-owned Jaguar Land Rover on Wednesday reported a 20% increase in global sales to 38,831 units in May. The Jaguar brand sold 6,450 units, up 4%, while the Land Rover sold 32,381 units, a growth of 23%, the company said in a statement. |
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Tata Motors sees two more top-level exits
Posted on 11th June 2014 |
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New Delhi: A month after the exit of Tata Motors Ltd senior vice-president of passenger vehicle business unit, two more top-level executives have put in their papers, the company’s corporate steering committee (CSC) said in a message to employees. The new executives to join the departure list are Venkatram Mamillapalle, head of purchases, and Rajesh Bagga, head of human resources and legal. |
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Car manufacturers flock to Gujarat ITIs
Posted on 11th June 2014 |
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Car makers have started hiring from Gujarat's industrial training institutes (ITIs) for their factories across the country. Maruti Suzuki India Ltd last year administered tests to 1,100 candidates at the Kubernagar ITI in northeast Ahmedabad. "Maruti Suzuki had recruited 40-45 candidates here for their Gurgaon plant. It has indicated it will test candidates again this month. Accordingly, we have prepared a list of around 1,000," said A J Pandey, placement coordinator for the Kubernagar ITI. |
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Auto firms like M&M, Tata Motors, Maruti, Hyundai, Renault and Nissan to spend Rs 10,000 crore on new models, facelifts
Posted on 9th June 2014 |
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MUMBAI: Automobile makers in India have lined up more than Rs 10,000 crore of investment to develop new passenger vehicles and soup up existing ones despite a slowdown in sales, as they strive to meet changing customer demands in a market where products become outdated fast, according to industry executives. Companies such as Mahindra & Mahindra, Tata Motors, Maruti SuzukiBSE 0.56 % as well as the local units of Hyundai Motor, Renault and Nissan Motor are working on all-new platforms to bring out new products. |
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Ravi Kant retires from Tata Motors
Posted on 3rd June 2014 |
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Tata Motors Non-Executive Vice-Chairman Ravi Kant (pictured) retired from India’s biggest automotive company on Saturday at the age of 70. Kant, an alumnus of IIT-Kharagpur, was managing director of the company before being promoted as vice-chairman five years ago. He, along with Prakash Telang (former MD who retired in 2012), is among the last batch of previous generation senior-level staff with the Mumbai-based company. |
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