Retail News CRM

Tag: Tata Motors

  • Tata Motors Stands Firm on €14.40 Offer for Iveco Group

    Tata Motors Stands Firm on €14.40 Offer for Iveco Group

    Tata Motors will not raise its €14.40 per share buyout offer for Italian commercial vehicle manufacturer Iveco Group before the tender offer closes on October 26. The revised bid values the transaction at up to €3.91 billion, or approximately ₹41,591 crore.

    Speaking after the company reported September quarter financial results on October 23, Tata Motors managing director and chief executive officer Girish Wagh reaffirmed that the price represents the final terms.

    “The best and final offer is absolutely the best and final offer and it will remain at €14.4 per share.”

    Valuation Pushback from Minority Investors

    Activistic resistance surfaced ahead of the deadline. Petrus Advisers, an investment firm holding a 3.8 per cent stake in Iveco, pushed shareholders to reject the terms.

    The investor presented figures on September 29 arguing that Tata Motors’ initial €14.10 per share bid priced Iveco at roughly two times its estimated 2028 earnings before interest and tax. Global competitors such as Volvo, Daimler Truck, Traton and Paccar trade at an average multiple near seven times EBIT. Petrus Advisers argued that existing shareholders should capture higher synergies from the combination alongside extra payment for procedural delays.

    Tata Motors countered by raising the cash offer on October 9 by €0.30 per share, equivalent to about ₹31.91 at prevailing foreign exchange rates. Wagh described the increase as a goodwill gesture following a four-month transaction delay.

    Global Scale for Commercial Vehicles

    Buying Iveco gives Tata Motors an industrial manufacturing footprint across continental Europe. The arrangement carves out Iveco’s defence vehicle division, combining purely commercial truck and bus operations across global markets.

    Indian commercial vehicle builders face cyclical domestic demand alongside strict capital requirements for alternative-fuel powertrains. Securing Iveco brings engineering centers, established European fleet customer networks and heavy-duty truck platforms that would require years to develop organically. European commercial vehicle operators maintain strict procurement ties, making cross-border acquisitions the fastest route to scale.

    Integration execution carries clear operational risks. Heavy truck operations face slowing European freight demand, high energy costs and capital spending requirements for battery and hydrogen propulsion systems. Merging procurement channels and factory tooling will determine whether the expected cost savings materialize.

    Approvals and Final Tender Count

    Iveco shareholders cleared all procedural resolutions during an extraordinary general meeting on October 16. That vote cleared the board-level pathway for the takeover to proceed under local market regulations.

    Acceptance tallies stood at 35 per cent of eligible shares entering the final weekend of the tender. Tata Motors executives expect total tendering to exceed the 80 per cent threshold before the acceptance window shuts on October 26, noting that institutional holdings typically tender within the final 48 hours.

    Financial settlement is set for October 30 if the transaction crosses the ownership threshold, with operational consolidation scheduled to start in the following quarter.

  • Volkswagen Halts India EV Investments as It Seeks JSW Deal

    Volkswagen Halts India EV Investments as It Seeks JSW Deal

    Volkswagen AG has halted investments in an electric-vehicle program for India until it gains clarity on a potential partnership with billionaire Sajjan Jindal’s JSW Group. The pause follows an announcement last month by both companies that they are exploring a venture to develop, build and market passenger vehicles in India.

    Volkswagen has finished design work using a low-cost EV architecture originally developed for China, positioning it to scale quickly once talks conclude. However, the German group is withholding additional capital until the partners establish a firmer business plan.

    The investment hold comes amid a worldwide cost-cutting drive that aims to trim group investments by about 15% and cut tens of thousands of jobs. VW had already reduced the costs of developing EVs in India by a third last year as it searched for a partner, and it currently sells no battery-powered cars in the country under either its namesake or Skoda brands.

    Global Headwinds Squeeze Indian Budgets

    Spending cuts at headquarters are dictating the local timetable. Volkswagen is trimming its worldwide capital investments by roughly 15 per cent and eliminating tens of thousands of jobs as it grapples with weak deliveries across Europe and aggressive competition from Chinese producers.

    Those international pressures prompted management to slash its projected Indian EV development budget by a third last year while searching for a local equity partner. The spending freeze now leaves the automaker without an electric passenger vehicle on sale in India under either the Volkswagen badge or Skoda.

    Rivals Lock Down Showroom Space

    The delay hands an open field to domestic incumbents and new Asian competitors. Tata Motors Passenger Vehicles Ltd. And Mahindra & Mahindra Ltd. Dominate existing electric vehicle deliveries, while JSW’s other partner SAIC Motor Corp. Pushes its MG brand across Indian dealerships alongside entries from BYD Co., VinFast and Tesla Inc.

    Stepping back from direct capital spending shifts risk directly onto Volkswagen’s commercial footprint in South Asia. India registered more than 35,000 electric passenger cars in September, nearly doubling sales from the same month a year earlier, and stricter national fuel-efficiency standards make zero-emission models mandatory to protect traditional engine sales.

    Two Years of Search for a Local Ally

    Volkswagen and JSW disclosed last month that they are assessing an alliance to develop, manufacture and sell passenger vehicles in India as well as for export markets. The planned scope spans battery-electric vehicles, plug-in hybrids, traditional hybrids and internal-combustion engines.

    Finding a local partner has proved difficult for the German group. Management spent almost two years scouting an Indian manufacturer to split development costs after earlier partnership discussions with Mahindra broke down.

    Skoda Auto Volkswagen India Pvt. Currently generates only a marginal share of national car registrations. Resolving the partnership structure with JSW is the sole mechanism the German automaker has left to finance a competitive local electric platform before regulatory penalties tighten.

  • UltraTech Cement to Add 600 Electric Trucks to Indian Logistics Fleet

    UltraTech Cement to Add 600 Electric Trucks to Indian Logistics Fleet

    UltraTech Cement will deploy more than 600 heavy-duty electric trucks across its Indian supply chain by December 2026. The fleet will haul over five million metric tonnes of clinker and raw materials annually across seven states.

    Operations will span industrial corridors in Gujarat, Uttar Pradesh, Madhya Pradesh, Rajasthan, Chhattisgarh, Maharashtra and Odisha. The company calculated that replacing diesel prime movers at this scale cuts net carbon emissions by more than 117,000 tonnes annually, eliminating the consumption of roughly 39 million litres of diesel fuel each year.

    Fleet suppliers and regional deployment

    Procurement contracts have been split among domestic and international commercial vehicle builders. Suppliers include Tata Motors, Ashok Leyland, IPLTech, Sany and Energy In Motion, alongside third-party logistics operators.

    The heavy vehicles will manage mine-to-plant transport as well as inter-plant transfers of clinker. UltraTech currently runs more than 850 alternative-fuel commercial vehicles, a tally that blends compressed natural gas units with battery-electric haulers.

    Scaling heavy-duty electric freight

    Electrifying heavy industrial freight remains rare across Asian emerging markets, where high battery pack costs and limited mega-watt charging infrastructure keep most operators tied to diesel. UltraTech tested the waters in June when it put 45 electric trucks into service on a 250-kilometre clinker route between Rajasthan and Uttar Pradesh with Energy In Motion, bringing its dedicated electric fleet to 89 units at the time. Expanding that base almost sevenfold indicates commercial confidence in operating economics on fixed factory-to-mine loops.

    Delivery schedules for the new vehicle batches begin over the coming quarters, with all 600 prime movers scheduled to enter full revenue service before the end of 2026.

  • Tata Motors Launches Its First Registered Vehicle Scrapping Facility

    Tata Motors Launches Its First Registered Vehicle Scrapping Facility

    Tata Motors launched its first Registered Vehicle Scrapping Facility (RVSF) in Jaipur, Rajasthan today. The facility is called Re.Wi.Re which stands for Recycle with Respect and has a capacity of 15,000 vehicles per annum. The company also claims that the facility uses eco-friendly methods to dispose of the vehicles, which will go through a strict documentation process before being dismantled. It is developed and operated by Tata Motors’ partner Ganganagar Vaahan Udyog Pvt. Ltd. to scrap end-of-life passenger and commercial vehicles of all brands. The facility was inaugurated by Hon’ble Union Minister of Road Transport and Highways, Shri Nitin Gadkari.

    Speaking at the inauguration ceremony, Hon’ble Union Minister of Road Transport and Highways, Government of India, Shri Nitin Gadkari said “The National Vehicle Scrappage Policy was introduced with the aim to promote circular economy by creating an ecosystem for phasing out unfit and polluting vehicles and to achieve a lower carbon footprint in the country by replacing them with greener and more fuel-efficient vehicles. I congratulate Tata Motors for setting-up this quality facility that is at par with global standards. We are working towards positioning India as a vehicle scrapping hub for the entire South Asian region and need more such state-of-the-art scrapping and recycling units in India.”

    Mr. Girish Wagh, Executive Director, Tata Motors, said, “The inauguration of this RVSF (Registered Vehicle Scrapping Facility) heralds a new beginning in responsible scrapping of end-of-life vehicles. With globally benchmarked and optimised recycling processes, we intend to yield maximum value from the scrap for future use and minimise waste for the overall betterment. We appreciate the visionary efforts of Shri Gadkari ji in enabling the National Vehicle Scrappage Policy and look forward to setting-up Re.Wi.Re facilities across the country in collaboration with our partners. These decentralised facilities will benefit the customers, share the economic value generated, create employment while addressing the need of scrapping vehicles in every part of the country in an eco-friendly manner.”

    Lees ook:

    Lees ook:

  • Tata Motors Take A Dig At Mahindra As Nexon EV Crosses 35,000 Unit Sales

    Tata Motors Take A Dig At Mahindra As Nexon EV Crosses 35,000 Unit Sales

    Tata Motors recently announced that its popular Nexon EV has crossed the 35,000 unit sales mark. Tata Motors posted the achievement on its social media channels, while also taking a dig at the upcoming Mahindra XUV400. Tata Motors posted an image that read 35,000 is greater than OO, where the OO was written in the same font that Mahindra uses for the XUV400.

    The soon-to-be-launched Mahindra XUV400 one-ups the Nexon EV in almost all the fields, except on the feature front. Its longer, and has better specs than the Nexon EV, but it is not as feature packed as the Nexon EV.

    The Nexon EV has been the bestseller EV in India for a while, Mahindra aims to dethrone the SUV once the XUV400 is launched early next year.

  • Tata Motors Rolls Out Its 50,000th Electric Vehicle

    Tata Motors Rolls Out Its 50,000th Electric Vehicle

    Tata Motors has announced achieving a new production milestone with the roll out of its 50,000th electric vehicle in India. The milestone EV, which was a Tata Nexon EV Max, rolled out from the assembly line, at the company manufacturing plant in Pune, Maharashtra. Right now, Tata Motors is the largest manufacturer and seller of electric passenger cars in India. Currently, the company sells the Nexon EV range, the Tiago EV and Tigor EV to private car buyers, along with the Xpress-T EV for fleet customers.

    The company says that a favourable policy environment, positive word of mouth from existing customers, practical product options, better ride and handling and attractive cost of ownership have helped the Company achieve this feat ahead of its target.

    Commenting on this achievement, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility said, “Celebrating 50,000th EVs in India is a strong testament to how our portfolio is resonating with people across the country. EVs are offering a practical solution to problems of rising fuel prices and worsening pollution. Customers are now ready to welcome EVs and we are thrilled to witness the transition from early adopters to now EVs becoming a mainstream choice for Indian customers.”

    Tata Motors has had a major hand in democratising electric cars in India. The Nexon EV has continuously been the largest-selling electric vehicle in India, and the Tigor EV and the Tiago EV are enabling further expansion of the company’s EV volumes. In fact, in the current fiscal year, between April and August 2022, Tata Motors has sold 17,150 EVs in India, doing an average of 3000-4000 units a month.

    All products are powered by the high-voltage Ziptron architecture, and all three of them offer an ARAI-claimed range of over 300 km. Furthermore, with an aim to make EVs easily accessible, Tata Motors has entered 80 new cities, expanding its network to more than 165 cities, helping consumers to adopt EVs as their mode of personal mobility. Going forward, Tata Motors is focusing on a three-phased architecture approach for EVs and plans to launch 10 EVs in 5 years.

    Lees ook:

    Lees ook:

  • Tata Motors To Increase Prices Across Its Passenger Vehicle Line Soon

    Tata Motors To Increase Prices Across Its Passenger Vehicle Line Soon

    Tata Motors, the home-grown automaker, today announced its plan to increase prices across its passenger vehicle line-up. As of now, the company has not revealed the timeline or the quantum of the price hike on cars, however, Tata did mention that the increase in prices is due to the steep climb in overall input costs. Tata has said that the formal announcement about the quantum of price increase is likely to be made within the forthcoming days or weeks. We expect the new prices to come into effect from August 1, 2021.

    In its official communication, Tata Motors said, “Tata Motors, India’s leading vehicle manufacturer intends to shortly mark an appropriate increase in prices of its ‘New Forever’ range of Cars and SUVs. The steep climb in overall input costs, especially due to continuing rise in costs of essential raw material including steel and precious metals, necessitates a transfer of at least some part of this increase to end customers.”

    Interestingly enough, it was just in May 2021 that the company increased car prices in India by up to 1.8 percent. And now the carmaker has made a price hike announcement in less than 2 months. Back then Tata Motors had said that the price hike was part of Tata’s ‘Business Agility Plan’ to protect and serve the interests of its customers, dealers and suppliers. The rise in the cost of raw materials was also a contributor to the hike. This will be the brand’s third price increase this year. Before May 2021, Tata had previously increased prices in January by up to ₹ 26,000.

    Right now, Tata Motors is gearing up to launch its 2021 Dark Edition range in India, which, in addition to the Harrier, will also include the Altroz, Nexon and Nexon EV. The new Dark Edition models are expected to be launched in India as early as later this week.

  • Tata Motors Updates Its Standard Operating Procedures Amidst COVID-19 Crisis

    Tata Motors Updates Its Standard Operating Procedures Amidst COVID-19 Crisis

    Tata Motors has updated its standard operating procedure (SOP) to ensure the well-being of its employees as the country continues to witness skyrocketing COVID-19 positive cases. The new SOP will be mandated across the company. Tata Motors is focussing on expediting vaccinations, providing support to affected employees and their family members. Tata Motors has its headquarters based in Mumbai and production units in Chakan, Ranjangaon, Pantnagar, Lucknow, Sanand, Dharwad and Jamshedpur and the new SOP will be followed at all these locations.

    The lockdown enforced in various parts of the country is expected to impact vehicle demand for the time being. So the company has come up with a comprehensive ‘business agility plan’ to protect and serve the interests of its customers, dealers and suppliers. It is calibrating and matching supplies with retail demand in a bid to ensure that optimal levels of inventory are maintained with dealers to meet the customer demands whenever they arise and also be prepared for a rebound in demand once the situation returns to normalcy. It is also reviewing and planning to maintain the supply of raw materials to cater to this volatile demand outlook and work closely with the vendors to keep up with the inventory levels.

    Delhi and Mumbai are two of the worst impacted metro cities that’s been recording a perpetual rise in COVID-19 positive cases and eve Lucknow has taken a major hit. States like Delhi, Maharashtra, Uttar Pradesh (Lucknow) and Jharkhand (Jamshedpur) are also under partial lockdown. The second wave of COVID-19 is proving out to be even more threatening and is claiming more lives. Over 3.52 lakh new positive cases and 2,812 deaths have been registered in the country in the last 24 hours which is at all-time high for the fifth day in a row.

    Lees ook:

    Lees ook:

  • Tata Motors’ Global Wholesales Grew 1% In Q3 FY2021

    Tata Motors’ Global Wholesales Grew 1% In Q3 FY2021

    Tata Motors has released the Group’s global wholesales numbers for the third quarter of Financial Year 2020-21. In the quarter that ended on December 31, 2020, Tata Motors Group’s global wholesales stood at 2,78,915 units (including Jaguar Land Rover), registering a marginal 1 percent growth as compared to what the company sold during the October-December period in 2019. However, compared to the second quarter that ended on September 30, 2020 (Q2 FY2021), when the company’s total wholesales were 2,02,873 units, Tata has witnessed a 37 percent growth.

    Between October and December 2020, the Tata Motors Groups passenger car wholesales stood at 1,88,550 units, witnessing a growth of 4 percent compared to Q3 FY2020. Out of this, global wholesales from Jaguar Land Rover alone accounted for 1,19,658 vehicles, which includes the 17,078 vehicles sold by CJLR the joint venture between JLR and Chery Automobiles, in Q3 FY21. Jaguar’s wholesales for the quarter were 22,466 vehicles, while Land Rover’s wholesales for the quarter were 97,192 units.

    Tata Motors vehicle sales in the domestic market have also been quite impressive in the previous quarter. Between October and December 2020, the company’s total Passenger Vehicle (PV) sales stood at 68,803 units, registering a massive 89 percent growth as compared to Q3 FY2020, when it sold 36,354 units. It was Tata’s highest-ever quarterly results for passenger vehicles in 33 quarters or over eight years.

    At the same time, the Group’s global wholesales from commercial vehicles, including, the Tata Daewoo range in Q3 FY21 were at 90,365 units, witnessing a decline of 4 percent, compared to what to company sold in Q3 FY20.

    Lees ook:

  • Tata Motors Ranked 31 In Forbes’ World’s Best Regarded Companies 2019 List

    Tata Motors Ranked 31 In Forbes’ World’s Best Regarded Companies 2019 List

    Tata Motors has recently bagged the 31st spot on Forbes’ World’s Best Regarded Companies 2019 list. The home-grown automaker has been ranked 31 out of the 2000 companies from across the globe, taking a major leap from its 70th position from last year’s list. Furthermore, out of the 16 other Indian Companies in Forbes’ global list, Tata Motors has also emerged amongst the top five ranked global automobile manufacturers. In fact, in addition to Tata Motors, other companies from Tata Group that have been featured on the Forbes list include Tata Consulting Services and Tata Steel.

    The selection process for the Best Regarded Companies involve evaluating over 15,000 survey participants from more than 50 countries. These global companies are then assessed based on several parameters like – trustworthiness, social conduct, company as an employer and performance of the product or service.

    Commenting on being features in the Forbes’ list, Guenter Butschek, CEO & MD, Tata Motors Limited said, “We are delighted to have been featured on the Forbes World’s Best Regarded Companies 2019 List. Being in the top 50, from a total of 2000 and raising the India flag high with 5th rank across the global automobile industry is indeed a great feeling. It is a testament to the aspirational work that Tata Motors has been consistently doing on the business front while holding up the Tata Group’s ethos. We are very happy to have our efforts validated and we are further encouraged to keep the momentum going and create new benchmarks.”

  • Tata Motors Showcases New Ultra Trucks In South Africa

    Tata Motors Showcases New Ultra Trucks In South Africa

    Tata Motors has showcased two new variants of its Ultra truck range- Ultra Plus 1418 and Ultra 814 AMT in South Africa at the Futuroad Expo 2019 in Johannesburg. While the Ultra AMT 814 is from the existing range, the Ultra Plus 1418 is an entirely new vehicle in the Heavy Commercial Vehicle (HCV) range. Powered by the 5.0-litre diesel engine, Ultra Plus 1418 is a multipurpose offering and is available in the wheelbase options of 4900 mm and 5300 mm. The vehicle will offer a payload capacity of seven to eight tonnes.

    The Ultra platform is modular architecture with five deck lengths, five wheelbases and payloads ranging from four to eight tonnes. The Tata Ultra is designed and tested for South African conditions and according to the company it is versatile enough to suit the needs of a large customer base, be it for large fleet, captive users, fleet rental companies or logistics companies. The Ultra range is inspired by the Prima range which is based on an Italian cab design, with engine technology and gearbox expertise from the U.S. and Germany. The chassis frame has been designed in Mexico and sheet metal dies from Japan and Korea, combined with Swedish precision on a robotic weld line.

    Lees ook:

    Lees ook:

    Lees ook:

  • Tata Motors To Launch Three New Models In India By 2021

    Tata Motors To Launch Three New Models In India By 2021

    The imminent one, of course, will be the Altroz premium hatchback which was unveiled at the 2019 Geneva Motor Show and is slated to be launched this year, close to the festive season. The H7X or Buzzard which is the seven-seater version of the Harrier was also unveiled at the Geneva Motor

    Show this year and has been spotted testing several times in India. Tata Motors is planning to launch the H7X in India in the first quarter of 2020. The H2X or the Hornbill subcompact SUV which will be the youngest one to adorn this design language will follow the cycle and is expected to be launched in the last quarter of the calendar year 2020. The H2X is still in its concept stage and is expected to be introduced to the market in 2021.

    All of them will also be exported to foreign markets alongside being on sale in India. Other than these all-new models, the Tiago hatchback, Tigor subcompact sedan and Nexon subcompact SUV are also due for a facelift. The facelifted models will also be inspired by the Impact 2.0 design and get similar design cues. The Tiago and Tigor facelifts are already in works and will go on sale this year while the Nexon is expected to get a facelift next year, given the product’s lifecycle.

    The company says that the design ethos are categorized under the 3 Ex’s and 3 In’s which reflects on the exterior and interior design respectively. The exterior design features have an integral part in deciding the proportions, surfaces and details of the Harrier and also of all the other upcoming models based on the IMPACT 2.0 design language while the interior aspects have helped making the cabin spacious, plush and ergonomically usable.

    The IMPACT design philosophy is also up to the task when talking safety and the Nexon is definitely the best example, being the first and only made-in-India cars to have bagged five stars in the Glocal NCAP crash test. Tata Motors claims that the Harrier along with upcoming products will take the safety legacy ahead accompanied by several safety features.

    Lees ook:

  • Isuzu To Increase Prices Of The D-Max

    Isuzu To Increase Prices Of The D-Max

    Isuzu Motors India has announced to increase the prices of its commercial pick-up range- the D-Max Regular Cab and the D-Max S-Cab. The company has decided to increase the prices by 2 per cent which will be effective from April 1. Following a series of price hike by carmakers like Mahindra, Tata Motors, Renault and Nissan, even Isuzu has made the price hike announcement citing similar reasons. The company has cited rising input costs and distribution costs as the reason for the increase in prices.

    It has become a common practice for automakers to adjust prices of select models at the beginning of a financial year in a bid to sustain their margin. Isuzu has increased the prices of its commercial range which means only the D-Max pick-up trucks will get more expensive. The Isuzu D-Max V-Cross which is more of a lifestyle vehicle will see no change in the prices.

    The D-Max Regular Cab and the S-Cab are priced at ₹ 7.40 lakh and ₹ 8.89 Lakh, respectively (all prices ex-showroom, Delhi). Both the pick-up trucks are powered by a 2.5-litre, four-cylinder, turbocharged engine which churns out 78 bhp and 176 Nm of peak torque and is mated to a five-speed manual gearbox as standard.

    Lees ook:

    Lees ook:

    Lees ook:

  • Tata Motors launches new range of CVs in Philippines

    Tata Motors launches new range of CVs in Philippines

    Commercial vehicle manufacturer Tata Motors, has launched a range of commercial vehicles in Philippines.

    The company is making headway in the Philippines market through a distribution agreement with local partners Pilipinas Taj Autogroup, Inc., an important business conglomerate engaged in the local distribution of motor vehicles, says a company statement.

    Through this partnership, Tata Motors will commence the supply of its commercial vehicle brands – the Tata Prima Range of Tractor Trailers and Tippers, the LPT range of light, medium and heavy trucks, SFC 407, and the mini trucks range of Ace and Super Ace.

    Besides Philippines, Tata Motors commercial vehicles are present across several South-East Asian markets including Malaysia, Vietnam, Indonesia, and Thailand with manufacturing facilities in Vietnam, Thailand and Malaysia.

    Rudrarup Maitra, Head (International Business), Commercial Vehicles, Tata Motors said, “Philippines is one of our key markets in South-East Asia and we are delighted to be a part of one of the fastest growing ASEAN nations. With years of experience in the commercial vehicle business, we at Tata Motors have analyzed and understood our customers well and are dedicated to providing them with best-in-class products and services. We are confident that through our trusted partnership with Pilipinas Taj Autogroup, Inc., we will be successful in establishing a long-term relationship with our customers.”

    Jon Fernandez, Jr., President of Pilipinas Taj Autogroup, Inc., said, “We, at Pilipinas Taj Autogroup, Inc., are proud to partner with Tata Motors to offer customers with sturdy and reliable vehicles.”

    “We are looking forward to this new opportunity and are committed to catering to the commercial vehicle market with India’s largest and most trusted automobile brand here in the Philippines. We will closely work with Tata Motors to ensure customers here get the finest vehicles and services, that not only match their requirements but also their business needs,” he added.

    Tata Motors entered the Philippines market in 2014 with cars and small commercial vehicles. The low cost of ownership and availability of Diesel vehicles appealed to this market.

    Lees ook:

    Lees ook:

  • Tata Motors global sales decline 1 per cent in May

    Tata Motors global sales decline 1 per cent in May

    Tata Motors today reported over 1 per cent decline in global sales in May at 86,385 units, including that of Jaguar Land Rover (JLR) vehicles.

    The company had sold 87,414 units in May 2016, Tata Motors said in a statement.

    In the passenger vehicles category, global sales stood at 58,075 units last month as against 55,039 units during the same period in 2016, up 6 per cent.

    Sales of luxury brand Jaguar Land Rover grew 2 per cent to 47,131 units in May compared to 46,204 units in the same month of 2016.

    However, sales of commercial vehicles declined by 13 per cent to 28,310 units as against 32,375 units in the year-ago month.