Free Press Journal
  • Tata Motors to hike passenger vehicle prices by up to Rs 25,000

    New Delhi: Tata Motors today said it will increase prices of its passenger vehicles by up to Rs 25,000 from January to offset the impact of rising input costs. “The changing market conditions, rising input costs and various external economic factors have compelled us to consider the price increase,” Mayank Pareek, President, Passenger Vehicle Business, Tata Motors said in a statement.

  • Received loan not grant from Gujarat government: Tata Motors

    Mumbai, Automobile major Tata Motors has said it received a loan worth Rs 584.8 crore and not a “grant” from Gujarat government for setting up a factory in the state. “The investor friendly environment created by the Government of Gujarat (GoG) encouraged Tata Motors to set-up its manufacturing plant in Sanand, with a long-term vision to make it one of the leading automotive hubs, further enabling Gujarat to contribute to the prosperity and

  • We were given loan, not grant by Gujarat govt: Tata Motors

    Ahmedabad: Breaking its silence over Congress vice president Rahul Gandhi’s charge that the BJP-led Gujarat government extended undue favours of Rs 33,000 crore to it for car manufacturing facility at Sanand, Tata Motors today said it got Rs 584.8 crore as loan, and not grant.

  • M&M to bid for 2nd stage of EESL tender for EVs

    Mumbai : Auto major Mahindra & Mahindra (M&M) on Friday said that it will bid for the second stage of the tender for supplying 9,500 electric vehicles (EVs) to state-run Energy Efficiency Services Ltd (EESL).  “We will bid for the second stage of EESL tender,” M&M Managing Director Pawan Goenka told reporters.

  • Tata Motors net soars threefold to Rs 2,502 cr

    Mumbai: Largest automaker by revenue Tata Motors reported a three-fold spike in group net at Rs 2,502 crore for the September quarter, driven by a one-time excise gain of around Rs 535 crore, cost-reductions at the planning and strategic levels and better margins and volumes at its British cash-cow JLR.

  • Tata Motors net soars threefold to Rs 2,502 crore

    Mumbai: Homegrown auto major Tata Motors today reported a threefold jump in consolidated profit at Rs 2,502 crore in the quarter to September from Rs 848 crore in same quarter last fiscal.

  • Govt to procure 10K electric vehicles from Tata Motors

    New Delhi : State-run Energy Efficiency Services Ltd (EESL) Friday said it will procure 10,000 electric vehicles from Tata Motors after a competitive bidding. Tata Motors will supply the electric vehicles (EVs) in two phases with 500 e-cars in the first phase in November 2017 and the remaining 9,500 EVs in the second phase, EESL said in a statement. “The company (Tata Motors) was selected through an international competitive bidding aimed at

  • Nissan Micra Fashion Edition Launched At Rs 6.09 Lakh

    Carmakers have already started celebrating the festive season with their limited edition cars. Joining Tata Motors, Nissan India too has introduced a fashion-inspired edition of its Micra at Rs 6.09 lakh (ex-showroom Delhi). The Nissan Micra Fashion Edition gets exterior and interior design elements inspired by the Italian fashion brand, United Colors of Benetton. Based on the Micra’s XL CVT variant, the Fashion trim comes in two new shades – Fashion Black and Fashion

  • Sebi disposes of grievance case against Tata Motors

    New Delhi : Markets regulator Sebi has disposed of a case against Tata Motors related to alleged non-redressal of investor complaints. After noting that Tata Motors had redressed the grievance of the complainants, Sebi said in an order that the charge of non-redressal of grievance “does not stand established” against the firm.

  • Maruti, Hyundai, Tata Motors, M&M record robust sales in August on consumer sentiment

    New Delhi : Automobile manufacturers led by Maruti Suzuki posted robust passenger vehicles (PV) sales growth in August riding on strong consumer sentiment ahead of the festive season. Hyundai Motor India, Tata Motors, Mahindra & Mahindra and Honda saw their PV sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline. Maruti Suzuki India’s (MSI) domestic sales stood at 1,52,000 units, up 26.7 per

  • Tata Motors to turn around domestic biz

    Mumbai : Tata Motors will focus on turning around the domestic business, particularly the CV segment which has suffered due to a challenging environment as also the company’s sub-optimal execution and market misses, its Chairman N Chandrasekaran said Tuesday. Addressing shareholders of the company for the first time after taking over as Chairman, he also expressed regret over its inability to pay dividends due to losses in the domestic business and said

  • Mumbai: Ex-General Manager of Tata Motors jumps from 15th floor, ends life

    Mumbai: In an unfortunate incident, a 43-year-old man, Prashant Sibal ended his life by jumping from 15th floor from his residence Kalpataru Habitat in Parel on Friday morning. According to police, Sibal had lost his job as a General Manager in the Sales department at Tata Motors in April and had been suffering from depression, which tempted him to take this extreme step.

  • Annual reports of Tata firms deny allegations

    New Delhi : Major Tata group firms, including Tata Motors, Tata Steel and Indian Hotels, have relied on annual reports to tell their shareholders that allegations of breach of corporate governance norms levelled by Cyrus Mistry were incorrect and made without exercising proper care. Mistry, who was sacked as Chairman of Tata Sons — the promoter of major operating Tata companies — in October last year, had cited specific instances pertaining to

  • Tata Nexon – All You Need To Know About The Compact SUV

    Tata Motors will launch the Nexon compact SUV around the 2017 festive season in India. The Nexon is Tata’s first attempt at making a sub-4 metre SUV and will compete with fierce rivals such as the Maruti Suzuki Vitara Brezza, the Ford EcoSport and Mahindra’s TUV300 and Nuvosport among others. Among the four compact SUVs listed here, the Brezza and the EcoSport have managed to capture maximum attention of car buyers.

  • Tata Motors, Volkswagen alliance runs into rough weather

    New Delhi : The partnership between Tata Motors and Germany’s Volkswagen group for vehicle development has run into rough weather, with differences over use of platform and doubts related to business viability.

  • Warburg pick up 43% in Tata Tech for $360 mn

    New Delhi : Leading private equity firm Warburg Pincus will acquire a 43 per cent stake in Singapore- based Tata Technologies for USD 360 million (around Rs 2,320 crore).

  • Tata Motors Q4 NP down 16.79% to Rs 4,336.43 cr

    Mumbai : Tata Motors on Tuesday reported 16.79 per cent drop in consolidated profit at Rs 4,336.43 crore in the fourth quarter ended March 31, 2017.