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For the auto sector as a whole, analysts now expect polarisation to get more entrenched where rural-focused plays like M&M, Escorts etc to do well
Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q1FY21 were at 11,598 units, lower by 89 per cent over Q1FY20
The company had sold 1,37,545 units in the April-June quarter of 2019-20
The carmaker's consolidated net loss was Rs 9,894 crore for the fourth quarter ended March 31, compared with a profit of Rs 1,117 crore a year earlier
All listed automobile manufacturers in India follow the practice of monthly disclosure of volumes
Tata Motors, which is the leader in the commercial vehicle segment, said the upcoming legislation should clearly define incentives as well as regulatory norms for disposing the old vehicles
"The sluggishness of the vehicle market in the country is going to be short-lived. We hope that sales of passenger vehicles will record pace by July-August before the festive season," Tata Motors said
Tata Motors said its commercial vehicle sales in December 2019 stood at 34,082 units as against 40,015 units in the year-ago month, down 15 per cent
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The group had sold 1,04,964 units in the same month last year
Tata Motors is looking to increase its penetration in the domestic passenger vehicle segment with entry into the premium hatchback segment.
The orders are from state transport undertakings (STUs) of Rajasthan, Karnataka, Uttar Pradesh, Tamil Nadu and Andhra Pradesh, Tata Motors said in a statement
otes have been allotted on November 20, 2019 and will be listed on the Singapore Exchange Securities Trading Ltd, it added
The company said the bonds will be issued to investors identified by the committee and will be listed on Singapore Exchange Securities Trading Ltd
The above issuance is pursuant to the approval of the resolution passed by the board at its meeting held on October 25, 2019
While analysts expect volume growth in 2019-20 (FY20) to be flat, they expect it to be at 4 per cent each in the next two years
Industry executives were optimistic about buyer enquiries, which have picked up, translating into sales as Diwali draws closer
The company had sold a total of 69,991 units in the same month last year, Tata Motors said in a statement
Sales were affected last year as there was huge pre-buy and also a limited supply of BS-IV vehicles
Tata Motors on Friday reported 38.81 percent rise in global sales, including that of Jaguar Land Rover, at 1,02,297 units in April.