Home-grown automobiles major Tata
Motors on Monday reported a 34 per cent jump at 53,404 units in
sales of its commercial and passenger vehicles in October as
compared to 39,729 units in the same period last year.
Tata Motors` net profit for the quarter ended September 30 grew by 110 percent to Rs 729.14 crore on the back of cut in forex losses, improvement in operating margin and gain out of selling shares in Tata Steel.
Auto major Tata Motors on Friday said its wholly-owned European subsidiary, Tata Motors European Technical Centre, has got a loan of 10 million pounds (Rs 78 crore) from the UK government for its Rs 195 crore electric car project.
A leading automobile company Tata Motors on Thursday declared 15.27 per cent annual bonus for the accounting year 2008-09 after an agreement was signed with Telco workers union (TWU) in this regard here.
Auto major Tata Motors on Monday posted
a consolidated loss of Rs 328.78 crore in first quarter of the
current fiscal, and said it has secured guarantees from four
banks to raise Euro 340 million that would be used to fund its
needs over the next 12 months.
Tata Motors Chairman Ratan Tata
today said the global financial crisis has posed challenges to
marquee brands Jaguar and Land Rover, but the USD 2.3-billion
acquisition of the iconic brands was "worthwhile".