Tata Motors Ltd (TAMO.NS)
MUMBAI, May 23 India's Tata Motors reported a 17 percent fall in fourth-quarter net profit on Tuesday as losses in its domestic business outweighed strong sales at luxury British arm Jaguar Land Rover (JLR).
NEW DELHI, May 23 India's Tata Motors on Tuesday reported a 17 percent fall in fourth-quarter net profit, hurt by lower income from operations.
* Consensus forecast for March quarter consol net profit was 26.95 billion rupees
* Says approved appointment of Om Prakash Bhatt as additional and independent director Source text - (http://bit.ly/2pjIMTV) Further company coverage:
* Global wholesales of all passenger vehicles in April 2017 were 54,847, higher by 6 percent, compared to April 2016
* Says Tata Motors group global wholesales at 73,691 in april 2017
* Says small decrease in sales in quarter as in UK, customers purchased vehicles before the increase in vehicle tax on 1st April
(The following statement was released by the rating agency) SINGAPORE/MUMBAI, April 28 (Fitch) Fitch Ratings has upgraded India-based Tata Motors Limited's (TML) Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BB'. The Outlook is Stable. The upgrade reflects the sustained improvement in TML's Indian automotive business over the last two years, supported by growing commercial vehicle volumes, successful new product launches in the passenger vehicle segment, as well as the management's renewe
* Says contract for supply of 3192 units of Tata Safari Storme 4x4 to Indian armed forces, under new category of vehicles - GS800 Source text - (Tata Motors has signed a contract for supply of 3192 units of the Tata Safari Storme 4x4 to the Indian Armed Forces, under a new category of vehicles - GS800 (General Service 800). The Indian Ministry of Defence (MOD) had floated an RFP for vehicles with three basic criteria – minimum payload capacity of 800 kgs; hard roofs and air conditioning. Develop
* Co's commercial vehicles are BSIV ready with exhaust gas recirculation and new future leading selective catalytic reduction Source text - (Tata Motors, the country’s largest truck and bus manufacturer, announced readiness of SCR (Selective Catalytic Reduction) and EGR (Exhaust Gas Recirculation) technologies for BSIV compliant engines, powering its range of Commercial Vehicles.) Further company coverage: