Tata Motors clocks 8 pc drop in total domestic sales in August
Tata Motors on Sunday reported 8 per cent drop in total domestic sales at 70,006 units in the month of August, as against 76,261 units in the year-ago period.
Tata Motors on Sunday reported 8 per cent drop in total domestic sales at 70,006 units in the month of August, as against 76,261 units in the year-ago period.
At a time, when his dream project of Tata Motors small car factory in Singur started winding up due to land agitation, silently another and more specifically even bigger industry started taking shape.
The demise of the former chief minister Buddhadeb Bhattacharya came as a great shock to the people of the state.
India's homegrown automotive company Tata Motors launched its new vehicle Tata Curvv EV in the SUV segment on Wednesday with prices ranging from Rs 17.49 lakh to Rs 21.99 lakh (ex-showroom).
The company had reported a net profit of Rs 3,203 crore in the April-June quarter last year.
A flag-off ceremony was held at the facility here in the presence of UP Chief Secretary Durga Shanker Mishra and senior delegates from the country's largest commercial vehicle manufacturer.
Currently Tata Motors held over two-thirds of the country's EV market, but Mahindra & Mahindra and BYD are emerging players in the Indian market.
Tata Motors board approved the proposal to demerge the company into two separate listed entities, viz a) CV and its related investments and b) PV, including India PV, EV, JLR, and related investments.
The company remains positive on its three automotive businesses – Jaguar and Land Rover (JLR), Tata Commercial Vehicles, and Tata Passenger Vehicles.
The market construct is favourable for consolidation around current levels and gradual up move, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
