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Car sales slump: Tata Motors opts for second block closure this month
Posted on 27th August 2019 |
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Tata Motors is going for a second block closure in this month at its Pune plant from where it rolls out passenger cars and commercial vehicles. The company will have a four-day block closure from August 28 to 31. The company had a three-day block closure on August 3. Tata Motors had earlier indicated that the external environment remains challenging, leading to demand contraction and they have aligned production to actual demand and adjusted the number of shifts and contractual manpower. |
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Tata Motors to take third plant closure
Posted on 16th August 2019 |
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The Jamshedpur unit of Tata Motors will go for a third closure this month from today as the slowdown in the automotive sector shows no signs of abating. Tata Motors earlier went for a day closure on August 1, followed by three block closure from August 8-10. Though the closure from August 16 will reportedly be for two days, it may last for four days. |
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Tata Motors, M&M set to slash production
Posted on 10th August 2019 |
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PUNE: With the automobile industry slipping into a gorge with no visible sign of revival in the near future, Tata Motors, India’s top automaker by revenue, and Mahindra and Mahindra (M&M), the country’s largest utility vehicle maker, have decided to cut production at some of their plants. |
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Tata Motors halts production at Pune and Jamshedpur units, JLR follows
Posted on 8th August 2019 |
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India’a largest commercial vehicle and leading carmaker, Tata Motors Ltd (TML), has internally announced a block closure for three days starting today, 8 August, at its production plants in Pimpri (Pune) and Jamshedpur. Mint also learns that Tata Motors’ luxury car unit, Jaguar Land Rover (JLR), is also observing the block closure for three days starting today, in an attempt to cut down the volumes of locally assembled models. |
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Tata Motors: Icra downgrades various instruments to AA-
Posted on 6th August 2019 |
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Rating agency Icra on Monday downgraded non-convertible debenture programme, long-term loans, long-term fund-based facilities and long-term non-fund-based facilities to (Icra) AA- (negative) from (Icra) AA (negative). While short-term debt programme, commercial paper programme and short-term non-fund-based facilities have been reaffirmed at (Icra) A1+. Data from Bloomberg showed that, total debt of Tata Motors stood at `1.06 lakh crore as on March 2019. |
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Tata Motors, Tata Power to install 300 charging stations in 5 cities
Posted on 3rd August 2019 |
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Tata Power and Tata Motors on Friday forged a partnership to install 300 fast charging stations by the end of this financial year in five key cities — Mumbai, Delhi, Pune, Bengaluru, and Hyderabad. The move will help in accelerating faster adoption to electric vehicles (EVs) in a market where an almost non-existent charging infrastructure has been one of the biggest deterrents. |
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N Chandrasekaran appointed director of Tata Motors
Posted on 31st July 2019 |
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Tata Motors on Tuesday said its shareholders have approved appointment of N Chandrasekaran as director on the company’s board. He is chairman of Tata Motors. In a regulatory filing, the company also said Nasser Munjee, Vinesh Kumar Jairath and Falguni Nayar have ceased as independent directors upon completion of their terms. |
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Tata Motors exploring partnerships for Jaguar and Land Rover
Posted on 31st July 2019 |
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Tata Motors chairman N Chandrasekaran on Tuesday said that the company is examining various options around its UK-arm Jaguar and Land Rover (JLR), which has been hit by volume slowdown and mounting losses, including meeting multiple private players and looking for partnerships in China to lessen the financial burden on the group’s bottom line. |
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BSNL-MTNL merger: Cabinet to take a call on government’s plan
Posted on 31st July 2019 |
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The government is working on a plan to merge state-run BSNL and MTNL as part of strategy to revive the ailing telecom companies. The Union Cabinet is expected to take a final call on the matter. According to sources, the merger plan is one of the many components of the revival package, which also includes reducing retirement age from 60 to 58, asset monetisation and allocation of 4G spectrum. |
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