Business Standard: Tata Motors (NYSE: TTM) has received approval from the Reserve Bank of India (RBI) to set up a fully owned vehicle financing subsidiary. The new entity will be called TML Financial Services (TMLFSL) will function as a non-banking finance company (NBFC).
Also, in 2005-06, Tata Motor finance accounted for 23.8% of the company’s [...]
MyIRIS: Tata Motors (NYSE: TTM) has acquired a truck assembly unit from Nissan Motor in Rosslyn, South Africa for Rs 210 million. The plant will help Tata Motors cater to its African markets for trucks. Tata Motors currently sells 1,500 vehicles a month in South Africa.
It’s pretty obvious that Tata Motors considers Africa to be [...]
Business-Standard: Tata Motors (NYSE: TTM) plans to launch initial public offerings (IPOs) for two of its thirty subsidiaries — HV Axels and HV Transmissions. The article states that the IPOs might generate around Rs 400 crore, if Tata Motors went for a 30 per cent dilution of its stake.
The article also states, “According to analysts, the valuation [...]
Business-Standard: The numbers for the month of July are out for Tata Motors(NYSE: TTM) and they look good:
Total vehicle sales jumped 44.5% YoY to 45,056.
Commercial vehicles (domestic market) jumped 54.3% YoY to 21,534.
Passenger vehicle sales jumped 40.4% YoY to 18,238.
Indica Model sales jumped 62% over last July.
However, Indigo sales declined 16.5% YoY.
SUV’s Sumo and Safari [...]
Financial Express: Tata Motors reported its Q1 numbers today with a 40% rise in net profit. The stock closed up in Mumbai and New York.
Highlights:
40% rise in net profit to Rs 381.85 crore.
69% growth in domestic sales of commercial vehicles and a 44% growth in exports.
Revenue rose 49.1% to Rs 5869.32 crore.
Sales volume for the [...]
NDTV: According to a report in Economic Times, Tata Motors (NYSE: TTM) might open up a new plant to make Fiat’s 1.3-litre diesel engine. The engines will be used in both Fiat’s and Tata Motors vehicles in India.
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