NEW DELHI: The fast-growing ecommerce sector is rubbing off on the commercial vehicle segment, helping boost sales when bulk purchases have yet to come from traditional customers in the infrastructure industry.

Senior executives at leading commercial vehicle manufacturers acknowledge the contribution of ecommerce-related logistics in the industry's recent strong performance, and they expect it to increase.

The better than expected numbers of Tata Motors in the December quarter might allay some of the investor concerns.

Consolidated revenue rose 3.7 per cent over a year, to Rs 72,256 crore. Net profit for the quarter declined two per cent over a year to Rs 3,508 crore, better than analysts had estimated.

Tata Motors today reported 16% increase in its global sales, including that of Jaguar Land Rover (JLR) vehicles, at 93,355 units in January.

The company had sold 80,499 units in January 2015, Tata Motors said in a statement.

Tata Motors, India's biggest commercial vehicles manufacturer, has declared a lockout at its bus manufacturing plant in Karnataka's Dharwad, following a continued strike by workers.

Dissatisfied with the revision in wages and subsequent suspension of a dozen staff members, a section of workers at the plant are alleged to have incited others to disrupt work. The company decided to shut down operations on Saturday at the plant, which makes buses under the Tata Marcopolo brand.

Mumbai: Delna Avari, marketing head for passenger vehicles at Tata Motors Ltd has resigned from the company, according to two people familiar with the matter. Both of them declined to be identified.

A Tata Motors spokesperson confirmed she has resigned to start her own venture. “She will be serving her full notice period and be with the company till April.

2015, a slow year: Tata Motors underperformed the Sensex by 20% last year as the high-margin China market slowed down, new model ramp-up was slower than market expectations and JLR margins came down from 19% in F2Q15 to 12% in F2Q16. Despite a mixed macro outlook for 2016, we believe TTMT will have a better year ahead.

Jaguar’s best phase ever: We introduce the Morgan Stanley Proprietary model cycle index and note that Jaguar is embarking on its most ambitious model cycle since 2000, and we expect 34% FY15-18 volume CAGR (compound annual growth rate) in the brand.

GenX Nano, launched by Tata Motors in May last year to push up sagging sales of the country’s cheapest car, has not been able to deliver yet. Sales volume of Nano, though more than the previous year, is much lower than most of the early years.

The company has sold 15,772 units of the GenX Nano in domestic market till December against 10,306 units of the earlier model sold in May-December period of 2014-15. The 53% increase year-on-year looks impressive, but is way below the high sales mark touched by the car in the past.

On Monday, Tata Motors reported 7% increase in its global sales including that of Jaguar Land Rover (JLR) vehicles at 91,762 units in December 2015. The company had sold 85,742 units in December 2014, Tata Motors said in a statement.

In the passenger vehicles category, the global sales increased by 8% to 59,287 units last month as against 55,145 units in December 2014, the statement said.

New York: With bulldog tenacity and a savvy shift down-market, Land Rover came out on top of the US auto market in 2015, the industry’s busiest year since the horse and buggy.

The blue-blood British brand, owned by Tata Motors, sold 70,582 vehicles in the US last year, a 37% increase over its 2014 tally. No other major car maker accelerated as quickly, as the industry overall notched a 5.2% increase in vehicles sold.

MUMBAI: TCS, ITC, HCL Tech, Tata Motors, Idea Cellular and MRF are among the stocks identified by Ambit Capital that could fetch multi-fold returns. The brokerage has identified 30 stocks in the BSE 500 index based on accounting quality and corporate governance filters.

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