The stock of Tata Motors on Thursday fell to hit a 15-month low of Rs 380.90 after the automaker reported weaker-than-expected earnings in the April-June quarter. Though Tata Motors posted a net profit of Rs 3,200 crore, it was on the back of a one-time gain relating to recent changes made to JLR pension plan, without the one-time gain the company would have posted a net loss due to a forex loss of Rs 631 crore. So far this year, the stock fell by 19.19%. The stock settled at Rs 380.90 on the BSE. During the day, it ran down 9.77% to Rs 376 — its 52-week low. On the NSE, it slipped 8.61% to end at Rs 380.20.

A one-time gain of Rs 3,609 crore (£437 million) embellished Tata Motors’s net profit for the April-June quarter. The company, which also owns luxury car brand Jaguar Land Rover (JLR), posted a 41.6 per cent growth in profit at Rs 3,200 crore, against Rs 2,260 crore it posted in the same quarter last financial year.

Without the one-time gain that came from changes in JLR’s pension plans, the company would have reported a loss on forex impact. The performance is, therefore, below analysts’ expectations of Rs 1,415-1,480 crore.

Tata Motors owned Jaguar Land Rover (JLR) on Wednesday said it has opened bookings for the fifth generation of Land Rover Discovery.

The all-new Discovery will be available for sale in India from November 2017.

Customers can make their booking online or at any of the 25 authorised Land Rover retailers in India, JLR said in a statement.

Tata Motors Ltd posted a 42% rise in quarterly profit on Wednesday.

Profit was Rs 3,182 crore in the first quarter ended June 30, compared with Rs 2,236 crore a year earlier, the company said.

The automaker, owned by the software-to-salt conglomerate Tata Group, said its total income fell about 10% to Rs 59,972 crore versus Rs 66,339 crore a year ago.

New Delhi: Tata Motors on Tuesday reported a 12% increase in global sales in July at 98,534 units, including those of Jaguar Land Rover (JLR) vehicles.

The company had sold 88,159 units in July 2016, Tata Motors said in a statement.

Tata Motors is betting big on its upcoming model compact SUV Nexon as it prepares to enter the fastest growing segment in the Indian passenger vehicles market by September, say senior company officials.

Nexon will be the last vehicle on the platform on which the company has developed earlier models such as hatchback Bolt and compact sedan Zest.

First unveiled at the 2016 Auto Expo, Tata Motors' new compact SUV, Nexon, is all set to be launched this festive season. The company has recently added two new powertrains to its product portfolio. The first is the 1.2-litre turbocharged petrol from the Revetron series. This is likely to be the same engine that powers Tiago but with an added benefit of a turbocharger that would enhance car performance under the hood of the Nexon series. The second model is the 1.5-litre diesel engine from the Revotorq family.

Auto major Tata Motors today rolled out the country's first bio-CNG (bio-methane) bus.

The company said the bio-methane engines (5.7 SGI & 3.8 SGI) will be available on light and medium buses.

The company displayed three models, including the lead model Tata LPO 1613 with 5.7 SGI NA BS-IV IOBD-II compliant bus.

Tata Motors rallied 5% to Rs 458 on BSE in intra-day trade after its British luxury unit Jaguar Land Rover (JLR) reported 11% rise in sales at 51,591 units in June 2017 over June 2016.

“Retail sales for June were up year-on-year in China (65.3%), the UK (3.8%), Europe (3.7%) and North America (3.2%) whilst sales in overseas markets were down 8.5%,” JLR said in a press release.

New Delhi: Tata Motors may soon phase out small car Nano. A report in Business Line says that Tata Motors may soon stop investing in Nano, which had made it presence in India’s domestic market as ‘people’s car’.

The report further added that the decision to phase out ‘world’s cheapest car’ has been taken by the management, as it has not been able to grow on its own. Of all the automobiles produced by the Tata group, Nano continues to be the worst performer in the segment, the report added.

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