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.

No one would have thought it a few years ago, but Tata Motors’ Nexon today is giving Maruti’s Brezza a run for its money. Whether it’s late Karl Slym’s vision or Mayank Pareek’s marketing skills or both, Tata cars have come of age. At one point in time, Tata Motor’s market share of the passenger vehicles was a mere 3%. Today that has inched up to 6.8%, thanks to the success of Tiago, Tigor and Nexon. Sleeker designs and smoother engines, the cars have it all.

In a setback to Tata Motors, the Supreme Court has held that the company is liable to pay tax for possession of chassis of the motor vehicles manufactured by it before being delivered to dealers or purchasers.

While upholding the provision of imposing levy of tax under the Bihar Motor Vehicles Taxation Act 1994,

Jaguar Land Rover will announce plans early next year to cut thousands of jobs as part of a turnaround strategy, the Financial Times reported, citing several unidentified people close to the company.

The UK luxury carmaker, owned by India’s Tata Motors Ltd, will outline the measures in January as part of a three-year cost-cutting program, the report said.

Tata Motors Thursday said it will hike prices of its passenger vehicles across models by up to Rs 40,000 from January 1, 2019, to offset the impact of rising input costs and increase in fuel prices.

The company's passenger vehicles portfolio ranges from entry-level small car Nano to the premium SUV Hexa, which are currently priced between Rs 236,000 and Rs 1.797 million (ex-showroom Delhi).

New Delhi: Tata Motors Ltd, which is on a comeback trail, is betting big on its upcoming SUV Tata Harrier to place itself among the top three passenger vehicle manufacturers on a sustainable basis, a top company executive said.The company, which has been working on a strategy to revive its fortunes in the passenger vehicle (PV) segment for the last couple of years, now believes it has the products and scale to be among the leaders in the segment.

Global wholesales of all passenger vehicles in November were at 66,429 units, lower by 7 per cent from the year-ago month, Tata Motors said in a statement.

JLR sales were at 49,312 units.

Tata Motors’ compact SUV, Tata Nexon, has been awarded a full 5-star adult occupant safety rating by Global NCAP, an internationally-renowned safety accreditation body. The rating is for all variants of Nexon, the first and only car in India to achieve a full 5 stars adult safety rating from Global NCAP, the firm said.

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