Search Result for : Tata Motors

The Dollar Business Bureau With focus of the industry shifting towards domestic market and lasting impact of GST refunds on exporters, the passenger vehicle exports from India dropped by 1.51% in 2017-18, witnessing a dip for the first time in the past seven years. In 2017-18 fiscal, 7.47 lakh units of passenger vehicles were exported as against 7.58 lakh units in the previous fiscal, as per the Society of Indian Automobile Manufacturers (SIAM). “This is the first decline in exports of passenger vehicles since 2010-11 when it declined 0.41%,” said Sugato Sen, Deputy Director General, SIAM. Citing the the reasons behind the decline in passenger vehicles export, Sen said that some key exporters have shifted their focus on the domestic market. In addition, the exporters ...

The Dollar Business Bureau  NITI Aayog Chief Executive Officer (CEO) Amitabh Kant said on Thursday that the strong push by the Government towards e-mobility is targeted towards making India an export hub for electric vehicles. “The vehicle penetration in the country is the lowest among the developing countries. At present, India has 20 cars per 1,000 people whereas the US has 800 cars,” Kant said while addressing the 57th Annual Convention of SIAM in New Delhi. “Other countries will have the problem to make the switch to electric but India has the advantage to become the leader because of its low penetration levels. We must make India the export hub for electric vehicles,” he said. He also said that the country may be slow ...

The Dollar Business Bureau The Royal Enfield’s maker in India, Eicher Motors is bidding $1.8 billion-$2 billion for the Italian motorcycle manufacturer Ducati, according to a Reuters India news on Thursday. This led to the shares of Eicher Motors spiraling to a record high. Eicher Motors is the only Asian company in the auction, finalising the terms with advisers before the bidding deadline at the end of September, the media agency reported. German carmaker Volkswagen(VW) is also considering options for Ducati, including a sale of the brand, wholly controlled by VW's Audi division. But internal rifts and resistance from the German trade unions, have put the company’s plans on hold. It should be recalled that Reuters had reported earlier that Hero Motor Corp ...

The Dollar Business Bureau  Britain’s largest car manufacturer Jaguar Land Rover (JLR) will employ 5,000 people in order to boost the company’s skills in electric and autonomous technology, a welcome corporate endorsement as UK’s Prime Minister Theresa May begins Brexit negotiations after the election. JLR said that it would be hiring 1,000 electronic and software engineers and an additional staff of 4,000 in the manufacturing division. Most of the employees will be based in the UK. The company employs over 40,000 people worldwide. The recruitment will be done over the next one year, just as Britain begins talks to exit European Union (EU). Car manufacturers in UK have asked the May government to ensure that the talks result in a pact that holds free and unfettered trade in order to ...

The Dollar Business Bureau  Indian auto major Tata Motors Ltd said on Sunday that its wholly owned subsidiary TAL Manufacturing Solutions Ltd has got 'CE' certification for the first Made-in-India robot - 'BRABO'  to be sold commercially in the European market. “The TAL BRABO now complies with essential requirements relevant to European health, safety and environmental legislation, permitting its export to customers in Europe,” the auto major said in a statement. The robot can be utilised for different applications such as picking and placing materials, machine and press tending, assembling parts, sealing applications, jobs related to camera and vision, among others. This advanced robot can also complement human labour force by conducting dangerous, dull and monotonous tasks. TAL Manufacturing with BRABO will concentrate using it in automotive, logistics, pharmaceuticals, electronics, packaging, food and other industries. Currently, ...

Sairaj Iyer  Two important economies of South-East Asia - Bangladesh and India’s growth in the past decade provide ample evidence that they are the face of development in a dull-trade-market mired with terrorism, negative growth, and political & economic uncertainty. “With political and economic uncertainties (in the world) India and Bangladesh are the best options,” Md. Shahriar Alam, State Minister- Foreign Affairs, Government of Bangladesh said at the inaugural dialogue of the Second Gateway of India Geoeconomic Dialogue in Mumbai. The minister’s tete-a-tete, with MJ Akbar, Minister of State for External Affairs, Government of India, showed the bonhomie the two countries shared by benefitting mutually from their partnership and free trade. Despite uncertainties, the South East Asian markets are maintaining a steady growth. ...

The Dollar Business Bureau Jaguar Land Rover (JLR), owned by Tata Motors, on Monday reported its best-ever retail sales in the month of January at 47,693 units, an increase of 4% compared to the corresponding month of 2016. The sales performance in the given month has been led by the ongoing success of the models Jaguar F-PACE, XF, Range Rover Sport and Land Rover Discovery Sport.  “Jaguar Land Rover has achieved its best-ever January sales performance in 2017, with total retail sales of 47,693 units, up 4% on the prior year, primarily driven by the ongoing success of the Jaguar F-PACE, XF, Range Rover Sport and Land Rover Discovery Sport,” the company said in a filing.  Jaguar model registered retail sales of 13,949 units ...

The Dollar Business Bureau Indian auto major, Tata Motors Ltd informed on Tuesday that its global sales have increased by 4% at 95,081 units in the month of December, which include that of Jaguar Land Rover (JLR).  In the same month in 2015, a Tata Group company had sold 91,762 units, Tata Motors said in a statement. The cumulative sales for the fiscal stood at 8,22,807 units, an increase of 9%, over the previous fiscal of 2015-16.In the passenger vehicles segment, the company’s global sales stood at 64,202 units in December compared to 59,287 units during the corresponding period in 2015, an increase of 8%. During the entire fiscal, the company sold 5,38,126 passenger vehicles, a rise of 6%, as compared to previous financial year. The sales of luxury ...