tata motors ltd-spon adr (TTM) Key Developments
Tata Motors Reports Sales Results of the Month and Year to Date Ended February 2014
Mar 13 14
Tata Motors reported sales results of the month and year to date ended February 2014. The Tata Motors Group global wholesales in February 2014, including Jaguar Land Rover, were 79,996 nos. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range -- were 29,221 nos. Global wholesales of all passenger vehicles in February 2014 were 50,775 nos. Global wholesales of Tata Motors' passenger vehicles in February 2014 were 11,764 nos.
Cumulative wholesales for the fiscal were 914,108 nos. Cumulative commercial vehicles wholesales for the fiscal were 395,373 nos. Cumulative passenger vehicles wholesales for the fiscal were 518,735 nos. Cumulative wholesales for the fiscal were 132,185 nos.
Tata Motors Plans Partnership with Chery Automobile
Mar 11 14
Tata Motors will enter China in due course and is likely to cooperate with Chery Automobile. Tata Motors attempts to form a partnership with a Chery Automobile to jointly develop auto model platforms and bring the Chery into Indian market. The partnership with Chery is part of Tata Motors' 2020 Strategy, which includes bringing the QQ, the A1 and the M1 of Chery into Indian market.
Tata Motors Launches Affordable Trucks Under Prima Range
Mar 7 14
Tata Motors launched 10 new affordable heavy-duty trucks under its Prima range. The vehicles, under the Prima LX range, are priced nearly 20% cheaper than their Prima counterparts. The new range includes six heavy trucks for the haulage segment and four for construction purposes, priced between INR 1.85 million (USD 30,243) and INR 3.25 million.
Tata Motors Limited Launches Aria Facelift in India
Mar 6 14
Tata Motors Limited launched its Aria facelift in India on March 12, 2014. The vehicle is to be equipped with an updated VariCor version of its 2.2-litre turbo-diesel engine that delivers 148bhp. The model features a new design for the headlamps, smoked tail-lamps and an automatic gearbox option.
Tata Motors In Talks With Chery
Mar 6 14
Tata Motors Limited (BSE:500570) is in talks with Chery Automobile Co., Ltd. exploring the possibility of a tie-up. According to an Economic Times report Tata was considering to buy some of Cherry's platforms about 12 to 18 months ago.