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Tata Motors Ltd (TTM)

TTM on New York Consolidated

34.00USD
27 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Tata Motors November sales flat at 38,900 units
Thursday, 1 Dec 2016 07:18am EST 

Tata Motors Ltd : Tata Motors sales flat at 38,900 in November 2016 . Says November domestic sales of commercial and passenger vehicles of 33274 units , down 6 percent . Says November passenger vehicle sales of 12,736 units , up 22 percent . Says November domestic commercial vehicle sales of 20,538, down 17 percent . Says company’s sales from exports was at 5,626 units in November 2016, a growth of 57% compared November 2015 . Says long haul cargo operators were severely affected by cash crunch and deferring purchases in Nov 2016 .Says "the impact of demonetization was felt across all segments.".  Full Article

NHTSA says JLR North America recalling certain model year 2013-2015 Jaguar XF vehicles
Wednesday, 16 Nov 2016 09:33am EST 

National Highway Traffic Safety Administration (NHTSA) : Says Jaguar Land Rover North America recalling certain model year 2013-2015 Jaguar XF vehicles manufactured may 22, 2013, to June 15, 2015 . Says recall by Jaguar Land Rover North America of certain model year 2013-2015 Jaguar XF vehicles is expected to begin December 19, 2016 .Says affected vehicles may have insufficient clearance between underfloor fuel delivery lines and under shield and body allowing fuel lines to chafe.  Full Article

Tata Motors says has not received any letter from FIIs raising concerns on governance
Monday, 7 Nov 2016 10:27pm EST 

Tata Motors Ltd : Clarifies on news item "FIIs raise concerns over Tata Motors governance" .Co is not in receipt of any letter and has no comments to offer.  Full Article

Tata Group says Mistry lost board's confidence due to combination of several factors - CNBC TV18
Thursday, 27 Oct 2016 07:10am EDT 

Tata Sons Ltd : Tata Group says Mistry’s e-mail leaked 'in an unseemly & undignified manner - CNBC TV 18 . Tata Group says Mistry’S e-mail makes 'unsubstantiated claims & malicious allegations' - CNBC TV 18 . Tata Group says Mistry’s e-mail casts aspersions on Tata Sons BD & respected individuals' - CNBC TV 18 . Tata Group says Mistry lost board's confidence due to combination of several factors' - CNBC TV 18 . Tata Group says Mistry's allegations will be responded to in an appropriate manner - CNBC TV 18 . Tata Group says confidential email being public a matter of deep regret- CNBC TV 18 . Tata Group says Tata Sons directors repeatedly raised queries and concerns on business issues- CNBC TV 18 . Tata Group says Mistry as executive chmn was fully empowered to lead the group- CNBC TV 18 . Tata Group says the records, when made public, will contradict Mistry's allegation - CNBC TV 18 Further company coverage: [TATAS.UL] (Bengaluru newsroom) ((ReutersIndia.snapping@thomsonreuters.com ;)).  Full Article

Tata Group to shortlist candidates to become next chairman - Bloomberg
Thursday, 27 Oct 2016 07:00am EDT 

: Tata Group said to shortlist candidates to become next chairman - Bloomberg . TCS CEO N. Chandrasekaran and Jaguar Land Rover head Ralf Speth are among those being considered for chairman post- Bloomberg .Trent Ltd. Chairman Noel Tata, member of founding family and mistry's brother in law, is also being considered - Bloomberg.  Full Article

Jaguar Land Rover says Sept U.S. Sales of 8,299 units, 21 pct rise
Monday, 3 Oct 2016 02:30pm EDT 

Jaguar Land Rover : September U.S. Sales Hit 8,299 Units, A 21 Percent Increase From 6,850 Units In September 2015 Further company coverage: [TAMO.NS][TAMOJL.UL] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tata Motors says Tata JLR August domestic sales down about 10 pct
Friday, 2 Sep 2016 05:36am EDT 

Tata Motors Ltd : Tata JLR August domestic sales of 155 units versus 172 units last year .  Full Article

Jaguar Land Rover says August 2016 U.S. sales up 46 pct
Thursday, 1 Sep 2016 01:37pm EDT 

Jaguar Land Rover: August 2016 U.S. sales for both Jaguar and Land Rover hit 9,329 units, a 46 percent increase from August 2015 ((Bangalore.newsroom@thomsonreuters.com ;)).  Full Article

India's Tata Motors: have robust forex hedging policy for JLR
Friday, 26 Aug 2016 09:30am EDT 

India's Tata Motors Ltd exec says: JLR operating margin for Q1 at 12.3 percent compared with 16.4 percent in year ago quarter . Have a robust foreign exchange hedging policy for Jaguar Land Rover business . Going to break ground at Slovakia plant in the next few days . Impact on JLR margins due to lower local market incentive in China this quarter compared with a year ago . India's Tata Motors on Friday posted a 57 percent fall in quarterly net profit, missing estimates, as foreign exchange losses after Britain's decision to leave the European Union offset higher sales at its luxury unit Jaguar Land Rover. [nL3N1B73D4] Further company coverage: [TAMO.NS] (Reporting by Promit Mukherjee) ((aditi.shah@thomsonreuters.com;)).  Full Article

Tata Motors June-qtr consol profit more than halves
Friday, 26 Aug 2016 05:30am EDT 

Tata Motors Ltd : Says June-quarter consol net profit 22.60 billion rupees . June-quarter consol total income from operations 670.56 billion rupees . Consensus forecast for June-quarter consol net profit was 24.20 billion rupees . Says board approved raising funds upto INR 30 billion . Says consol net profit June-quarter last year was 52.54 billion rupees as per Ind-AS; consol total income from operations was 615.10 billion rupees . Exceptional items for quarter includes further recoveries of INR 4.78 billion on account of Tianjin incident . Exceptional items for quarter includes recoveries of INR 4.78 billion on account of Tianjin incident during year ended March 31, 2016 .  Full Article

More From Around the Web

BRIEF-Tata Motors Feb total sales up about 2 pct

* Says February total sales of 47,573 units versus 46,674 units last year