With BRIC (Brazil, Russia, India and China) nations set to overtake them in production this year, North American auto giants may soon face challenge from cheap cars from India and China. More
Courtesy: economictimes.indiatimes.com
Archive for the 'Tata Motors' Category
Car makers set to scorch motown with new launches
Published May 3rd, 2008 in Fiat India, HM/Mitsubishi, Honda India, Hyundai Motors, Launches, Tata Motors, Volkswagen, volvo and Maruti Suzuki. 0 CommentsWhile at the more modest-end of the spectrum, a slew of domestic and international carmakers are waiting to unleash a few surprises. Auto firms such as, Fiat, Volvo, Hyundai, Maruti Suzuki, Volkswagen, Tata Motors, Honda Siel and Mitsubishi Motors are all in queue to yank the covers off their gleaming beauties. Read more
Courtesy: economictimes.indiatimes.com
Punjab Govt-Tata in JV to set up automotive school
Published May 2nd, 2008 in Tata Motors. 0 CommentsThe State Institute of Automotive and Driving Skills (SIADS) will be set up in a JV between the Tata and the state Transport Department in Mahuana village at a cost of Rs 13 crore, a spokesman said here today. More
Courtesy: indiacar.net
Tata Motors wins EU approval for Jaguar, Land Rover takeover
Published April 25th, 2008 in Tata Motors. 0 CommentsEurope’s top antitrust watchdog gave its blessing to the deal after reviewing the deal for competition threats through a fast-track procedure reserved for transactions not expected to pose any problems. More
Courtesy: indiacar.net
Tata Motors, the country?s largest automobile company, plans to take its Rs 1-lakh car, Nano, to South Africa.
The company is also working on a comprehensive plan to tap the African continent which includes setting up its commercial vehicles? manufacturing and assembling facilities in different countries.
Tata Motors managing director Ravi Kant, speaking on the sidelines of the Indo-Africa summit in Delhi on Wednesday said, ?South Africa is one of the biggest international markets and Nano perfectly fits into the personal transport market. We will be pleased to have Nano in many African nations in future.?
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Courtesy: indiacar.net
Tata Motors’ rating may be downgraded: Moody’s
Published April 10th, 2008 in Tata Motors. 0 CommentsGlobal credit rating agency Moody’s on Thursday said it is reviewing the corporate family rating on Tata Motors for a possible downgrade following the firm’s decision to acquire British luxury brands Jaguar and Land Rover for about $2.3 billion.
At present, Tata Motors has a speculative grade rating of Ba1 which could be downgraded to Ba2. More
Courtesy: indiacar.net
There is competition for Tata’s Nano from Gujarat. The new entrant in the small car sector is the Morbi-based world famous clock-maker Ajanta group. The company is planning to manufacture an electric car at its unit at Samkhiyali in Kutch district and market it at a price lower than Rs 1-lakh Nano. More
Courtesy: indiacar.net
Tata Motors Ltd has raised the price of trucks and buses by an average of 3.5 per cent from April 1 to offset higher raw material costs, a company spokesman said on Monday.
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Courtesy: www.indiacar.net
Tata Motors acquires Nissan`s South African plant
Published April 8th, 2008 in Tata Motors. 0 CommentsTata Motors acquired the Japanese auto giant Nissan`s Pretoria-based manufacturing plant for an undisclosed amount, reports Economic Times.
The Nissan plant, which has been unused for a while, was acquired by Tata`s Africa Holdings. The acquisition is part of Tata Motors` (Q, N,C,F)* strategy to get into assembly and manufacturing in its important export markets. Currently, Tata Motors caters to the African markets from its operations from India. Bangladesh is the only other commercial vehicle assembly unit the company has outside India. More
Courtesy: www.indiacar.net
Nano may steer clear of Sona, eyes cheaper option
Published April 8th, 2008 in Tata Motors. 0 CommentsTata Motors is developing a new steering system for its cheapest car, Nano, to make it more cost competitive.
The Delhi-based auto component maker Sona Koyo Steering Systems is the original supplier to Nano and had reduced its cost price by 15% by reengineering the product. Now, Japanese component major Showa Steering is understood to be working on a new and cheaper steering system to be strapped on the standard variant of Nano. Read more
Courtesy: economictimes.indiatimes.com
