Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees that will see workmen get a wage rise of Rs 9,000 per month along with other incentives based on performance. Around 6,500 workmen from the Pune plant will benefit from this agreement.

The Tata Motors management and the Tata Motors Employees Union in Pune signed the LTS on Monday. This is the first time that negotiations for the commercial vehicle (CVBU) facility and the passenger vehicle (PVBU) facilities in Pune were conducted jointly. Traditionally, there used to be a six-month lag between the two wage agreements.

Tata Motors Friday said its hatchback Tiago has crossed cumulative sales milestone of two lakh units in the domestic market.

The company had launched the entry level model in April 2016.

"The Tiago continues to be one of the few models in the hatchback segment that is still registering positive growth despite being in its third year of production," Tata Motors Passenger Vehicles Business Unit President Mayank Pareek said in a statement.

PUNE: Tata Motors reported a 12 per cent fall in its global sales, including its British luxury car brand Jaguar Land Rover at 100,572 units.

The firm, which sells popular models like Tata Harrier and Tata Nexon, has sold a total of 1,14,797 units in the same month last year, the company said.

NEW DELHI: Tata Motors Tuesday reported 12 per cent fall in global sales, including that of Jaguar Land Rover, at 1,00,572 units in January this year.

The company had sold a total of 1,14,797 units in the same month last year.

Global wholesale of all Tata Motors' commercial vehicles and Tata Daewoo range in January 2019 stood at 40,886 units, down 9 per cent from the same month last year, the company said in a statement. It had sold 44,828 units in the same month last year.

Shares of Tata Motors nosedived as much as 29.45 per cent to Rs 129 apiece on National Stock Exchange (NSE), their fresh 52-week low, a day after the auto major reported the biggest quarterly loss among Indian corporates as it was hit by asset impairment in its UK subsidiary, Jaguar Land Rover (JLR) Automotive in the December quarter.

Tata Motors has no plans to invest and upgrade Ratan Tata's dream car Nano to meet BS-VI standards, a senior company official said Thursday indicating that the production and sales of the vehicle would stop from April 2020.

"Nano is produced at our Sanad plant (Gujarat)....in January new safety norms came, in April some more new norms will come and in October new safety norms will come and BS-VI is going to happen from April 1 of 2020, so all products may not meet (BS-VI norms) and we may not invest in upgrading all the poducts.

Tata Motors on Wednesday launched sport utility vehicle (SUV) Harrier at a starting price of Rs 12.69 lakh (ex-showroom, Mumbai) with top-variant being priced at Rs 16.25 lakh.

Harrier is the first Tata car to be built on the Optimal Modular Efficient Global Advanced Architecture (Omega) which is derived from the Land Rover platform.

Tata Motors on Friday reported 13.9 per cent decline in group global wholesales, including that of Jaguar Land Rover (JLR), at 1,00,551 units in December 2018.

Tata Motors’ group global wholesales in December 2017 stood at 1,16,677 units. Global wholesales of all Tata passenger vehicles last month stood at 59,898 units, lower by 14 per cent from the year-ago period, Tata Motors said in a statement.

New Delhi: Shares of Tata Motors Ltd rose nearly 3% on Tuesday after the company’s UK subsidiary Jaguar Land Rover Plc reported 16.23% increase in its sales in India in 2018.

Tata Motors shares gained 2.34% to ₹179.35 apiece on the BSE after surging 2.99% to ₹180.50 intraday. On the NSE, the stock closed 2.62% higher at ₹179.95.

Riding on the success of vehicles such as Nexon and Tiago, Tata Motors has lined up plans to increase its total addressable market to 90% by 2020, as part of its efforts to further expand network and grab more market share from close competitors. Total addressable market (TAM) is the overall revenue opportunity available for a specific product or service, taking into account the expansion scenarios.

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