Sales of luxury brands from Jaguar Land Rover were at 20,358 units during June, up one per cent from the same month last year.
At Rs 470,000 for the base petrol variant, Tigor is now the cheapest compact sedan in the country
The UK-based subsidiary of the Tatas is also keeping its options open for using its India assembly plants for manufacturing cars that can be exported to other countries.
The announcement came just ahead of the meeting of a ministerial panel, headed by Finance Minister Pranab Mukherjee, to look into the Cairn-Vedanta deal which was struck in August.
The plant will initially assemble JLR's sport-utility vehicle Freelander 2 from completely knocked down kits shipped from the Halewood manufacturing unit in Liverpool, UK.
"The report is out of context and factually incorrect. Tata's comments on wealth are in the larger context of the growing disparity in the society. The comments seem to have been deliberately sensationalised," a statement from Tata Sons said.
JLR is the latest in the list of companies which have announced a likely impact on operations due to crunch in auto component supplies from Japan.
"Goss, 53, will have overall responsibility for the National Sales Company operations of the Jaguar and Land Rover brands in the United States and Canada," the company said in a statement.
US-based luxury hotel chain operator Orient Express has brought on its board an Indian-origin restaurant business entrepreneur Harsha V Agadi as an independent director.
JLR is looking to increase sales point in India to 20 by the end of the fiscal from the current four.
The search panel might have to lower the benchmark to find a successor to the head of $71 billion business empire.
Tata has recently developed the Pixel city car, which the company is targeting at European drivers.
NASA said it is looking forward to explore the solar system with its Indian counterpart.
Thanks to the turnaround in JLR's performance, the stock has been the best performer in the large cap auto segment.
Four new products under the Jaguar brand are under development.
The Tata Motors-owned Jaguar Land Rover (JLR) has signed a fresh deal with China to sell 40,000 cars in 2011.The deal, said to be worth more than 1 billion, comes on the back of an order the company had bagged in 2009 for 13,000 cars valued at that time at 850 million.
Contributors to Team Indus project will have names etched on an object going to space.
The self-proclaimed voice of the British business, CBI, has said India is both a threat and an opportunity for UK's manufacturing sector. Commenting on the government's "Growth Review Framework for Advanced Manufacturing", announced earlier this week, CBI has said UK manufacturers and government must be aware of the potential threat countries like India and China pose in the global marketplace.
Mahindra & Mahindra said it will acquire 70 per cent stake in the ailing South Korean auto maker SsangYong Motor for $463 million (about Rs 2,105 crore), in order to become a global utility vehicle major. The companies have signed a definitive agreement to this effect and the acquisition process is expected to complete by March 2011, Mahindra & Mahindra (M&M) said in a statement.
Tata Motors managing director & CEO Carl-Peter Forster told Business Standard that the company would not be doing the Nano justice if it remains just the 'world's cheapest car' and, hence, will look at all the 'natural evolutions' of the Nano, including upgrades.
India's Tata Group owned Jaguar Land Rover has scrapped plans to close one of its UK plants.
The issue comprising 'A' ordinary shares aggregating $550 million and ordinary shares aggregating $200 million has been subscribed 3.4 times, Tata Motors said in a filing to the Bombay Stock Exchange.
The Chandrayaan-2 spacecraft is expected to reach the moon's orbit on August 20 and land on lunar surface on September 7.
Here is a list those great men and women who, in the past 20 years, have shaped the course of India Inc.
Here is a list those great men and women who, in the past 20 years, have shaped the course of India Inc.
Tata Motors on Monday said its global sales increased by 36 per cent in July to 90,646 units on robust demand for both commercial and passenger vehicles.
The European Union on Friday asked India to further open its economy for foreign investments even as the country has taken tentative steps towards liberalising FDI in sensitive defence and multi-brand retail sectors.
Tata Motors, however, did not elaborate on the various programmes that have been initiated with JLR and other subsidiaries.
The new coalition government headed by prime minister David Cameron is determined to have 'very good relations' with India's Tata Group, owners of Jaguar Land Rover and Corus, British business secretary Vince Cable said on Thursday.
Tyre maker Dunlop's owner Pawan Kumar Ruia has submitted a bid to acquire South Korea's bankrupt SsangYong Motor, while Mahindra & Mahindra is also understood to have made a similar move.
The company also reported a consolidated total income of Rs 92,519.25 crore (Rs 925.19 billion) during the fiscal against a consolidated total income of Rs 70,880.95 crore (708.8 billion) in 2008-09, the company said in a filing to the BSE on Thursday.
Tata Motors on Friday claimed that its people's car was "absolutely safe", saying a probe into fires that gutted a couple of brand new 'Nanos' by an expert team found 'no manufacturing defects'.
Tata Motors on Friday claimed that its people's car was "absolutely safe", saying a probe into fires that gutted a couple of brand new 'Nanos' by an expert team found 'no manufacturing defects'.
Early SUVs were descendants from commercial and military vehicles such as the World War II Jeep and Land Rover.
As a step to protect its interest as a lender, SBI will look at the financial stability and corporate governance practices in companies where it has exposure.
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
Indian Space Research Organisation will announce a revised launch date later.
The award, announced by Canada India Foundation on Tuesday, carries $225,000 and citation.
The rise of China and India as car consuming countries and fall of major US automakers last year are candid reflections of the restructuring of the global auto industry, a Congressional report has said.
Post the transaction, Tata Motors will own 40 per cent stake in Telcon, while Hitachi will have 60 per cent, the company said.
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