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Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in February 2010 were 69,427 vehicles, a growth of 58% over 43,811 vehicles sold in February 2009. The company’s domestic sales of Tata commercial and passenger vehicles for February 2010 were 66,190 nos., a 56 % growth over 42,493 nos. sold in February last year. Cumulative sales (including exports) for the company for the fiscal at 567,535 nos., recorded a growth of 28 % over 444,095 nos. sold last year.
The company’s sales of commercial vehicles in February 2010 in the domestic market were 39,205 nos., the highest ever and a 67% growth compared to 23,454 vehicles sold in February last year. LCV sales were 21,764 nos., the highest ever and a growth of 49% over February last year. M&HCV sales stood at 17,441 nos., a growth of 98% over February last year. Cumulative sales of commercial vehicles in the domestic market for the fiscal are 330,330 nos., a growth of 40% over last year. Cumulative LCV sales are 196,040 nos., a growth of 46% over last year, while M&HCV sales stood at 134,290 nos., a growth of 33% over last year.
One of India's largest car manufacturer Tata Motors has registered a sales growth of 77 percent in its January 2010 sales compare to same period of last year. Company sold 65,478 vehicles in January 2010 compare to 36,931 vehicles in the same period last year, as per a company statement. In domestic market company sold 62,202 units of its vehicles compare to 35,704 units sold in same period last year which accounts for a growth of 74 percent.
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Tata Motors pavilion at Auto Expo was set up in the Hall no 11 which was shared by its group company Jaguar and Land Rover. Fiat pavilion was also grouped to Tata Motors and Jaguar. The reception of the company was coloured in white while the receptionist were in green saari and blue blouse, it's was something Indian look which Tata seemed to convey. However, the company did not place female models with its car models. On the other hand, Jaguar and Land Rover cars were sparking with foreign beauties. There was a big shortage of Tata cars leaflets as every visitor wanted to have that. The visitors could touch and feel the comfort of Tata cars at Tata Motors pavilion but a few car companies allowed the same till last day of Auto Expo. It was very difficult to meet any Tata Motors senior officials but juniors. The company set up a launching pad for Tata Aria only. Other new launches were done at the same place where they were displayed. Totally 37 vehicles from Tata and Jaguar, Land Rover were displayed at the Auto Expo. Tata Motors and Tata Sons Chairman, Ratan N Tata unveiled all the new vehicles at the pavilion.
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At Pragati Maidan, Delhi the companies are coming up with novel and beautiful cars for their excited viewers and every organization is putting up their best efforts to grab the attention of the media. Tata group Chairman Ratan Tata unveiled his yet another invention Tata Venture at the Auto Expo. Tata Venture is a hatchback sized eight seater MPV(Multi Purpose Vehicle).
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Tata Motors, with an honest presence of Company's chairman Mr. Ratan Tata, showcases the all new Tata Aria a Seven-seater cross-over between MUV and SUV, with the current line-up amongst the same being Tata Safari and Tata Sumo Grande. Apart from Tata Aria, Tata Prima, Tata venture, Jaguar XJ are previewed here at the Auto expo today. As told to our CarDekho team, the car is supposed to be officially launched in the second quarter of 2010. With still so fresh memories of Tata Nano, Ratan Tata's dream car for Indian consumers, launched here at the Expo 2 years back, the company has 3 new launches lined up this year with the efforts of Indian engineers for the Indian customers.
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Tata Motors' yet another invention is Tata Indica Vista Electric that was showcased today at the Delhi Auto Expo at Pragati Maidan. The eco friendly car comes with a PERM Magnet Motor, 55 KW of power,160 Nm torque.The all new Tata Indica Vista electric is a 1 speed FWD and touches a top speed of 128 kmph.It can go from 0 to 30 kmph in just 4.5 seconds, from 0 to 60 kmph in a matter of 90 seconds and can run upto 160 km per charge with the battery capacity of 26.6 kwh. The new Tata Indica Vista Electric with a seating capacity of 4 passengers is a five door model that comes with dual front airbags.
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Tata Nano. Tata Motors will deliver the small car at the same price on which it was offered. The prices will be the same as before and rising tyre prices and steel prices will not affect it. Prakash M Telang, MD of Tata Motors, told a news agency that the price would not be altered for the present bookings and it will take long time to complete the present bookings. Earlier, the company had committed that the first 1 lakh Tata Nano owners would be price-protected at the ex-showroom prices. All the three variants of the world's cheapest car are available between Rs 1.23 lakh and Rs 1.72 lakh. The company has committed to deliver the first one lakh Nanos, from 2.06 lakh final bookings, by March Next year.
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Tata Nano the most popular small car in India has won "Indian car of the year 2010". The Tata Nano model was launched in India in the month of May in 3 variants. The Tata Nano model recieved very good response from the buyers as the first lot of the Nano was booked even before its launch.
All the cars and bikes launched in India in the last calendar year were eligible to compete for the award. The jury was consisting of 11 leading auto journalists from India and they came at a single Platform to vote for best car in India. All the cars are rated on a variety of parameters and the evaluation system was same in the World car of the year award.
Tata Motors, one of the leading auto maker in the country, has denied that it did mention anything about bad road condition in a letter that was written to the Delhi Transport Corporation (DTC) on December 15. As per media reports, the auto company had requested the DTC to monitor the city roads where low-floor Tata buses run in Delhi. And also said that the bad roads had caused damage to the buses. But on the very next day, December 16, Tata Motors sent another letter to clarify its stance on the statement and clearly denied that it had written anything about bad roads. According to sources in DTC, the company wrote the second letter after government asked Tata Motors to name the stretches where their buses were purportedly being damaged.
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Tata Motors, one of India's largest four wheeler manufacturer has registered a 62 percent increase in its total global sales in the month of November. The main contributor in this increase is Tata's European partner Jaguar and Land Rover (JLR). Tata Motors registered a total sales of 75,775 units all across its various international operations which includes sales of Tata Motors, Jaguar Land Rover, Tata Daewoo and the Hispano Carrocera range of commercial vehicles and Tata passenger vehicles.
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Tata Motors and M&M, the major players in the vibrant Italian auto market have shown interest in taking over the Termini Imerese plant owned by Italy’s largest car maker Fiat and are believed to have launched separate negotiations with Fiat. By 2011 Fiat will be relocating the Termini Imerese plant, preferably to cost-effective areas of Poland or Germany. The plant makes the Lancia Ypsilon (a three-door hatchback) and has a daily production capacity of 400 cars, and employs 3,500 people. Whereas, remaining 3,000 are engaged in vendor and related activities. Senior officials accompanying Italy’s Minister of Economic Development Claudio Scajola said, "Indian investors, including Tata Motors and M&M, are welcome in Italy."
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The new sheer innovation of Tata Motors 'Tata Nano' is all set to spark the Indian roads on Friday evening as the first Tata Nano will be delivered to the first owner of the car. This latest 'Ratan', Tata Nano, of the company will be handed over by its Chairman Ratan Tata. Tata Motors has kept the name of the first owner under cover to grab media attention till the function held on Friday. The much awaited and hyped function is said to be held in a company's showroom at Prabhadevi in Mumbai. It may be recalled that first one lakh customers have been selected through a lottery system out of 2.06 lakh bookings.
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nt for sale of Land Rovers. The Land Rover vehicles will be used, if sold to the government, in Indian Army. Bob Grace, director (overseas operations), Land Rover said that the talks are under way with the Indian government for the sale of Land Rover but denied to comment on the development of talks as it is confidential. According to a senior official from Land Rover, the company’s research and development team is in process of developing a new model that specifically caters to the needs of defense services around the world including that in India.
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Tata Motors has decided to launch its world's cheapest small car Nano in Nigeria within next 18 months. Tata Africa Nigeria Sudeep Ray said that the car will be welcomed by Nigerians as there is no metro thus Nano might become people's car here due to its low prices. Nano is priced Rs 1.23 lakh to Rs 1.72 lakh in the Indian capital for three versions.
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Tata Nano may become the largest selling small car in Indian market. There are two reasons which support the Tata Nano. The first reason is that Tata Nano is priced very low in the segment. The effect of cheap price has already shown in the booking of the car. Second one is- the present leader in the segment, Maruti Suzuki, has announced to phase out its Maruti 800 and Omni. This will make Tata Nano the single cheap car available in the market. It may be noted that from January 2010,
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Tata Motors is all set to open a new showroom of Jaguar and Land Rover in India on Sunday. The new showroom will be inaugurated at Ceejay House in Mumbai on 28 June. The two iconic brands will sell a range of vehicles in the country, including Jaguar's XF and XKR, and Land Rover's Discovery and Range Rover. JLR is likely to begin selling its range of premium performance saloon cars and sports utility vehicles in the Indian market later this year, for which Tata Motors is the exclusive importer.
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Tata Motors managed to have so many first in the FY 2009 like world's cheapest Tata Nano, online booking, acquiring of JLR and so on. But the latest first was not so pleasant. The company registered a consolidated net loss of Rs 2,505.25 crore for the financial year 2008-09 against to a net profit of Rs 2,167.70 crore in the same period a year ago. Total income of the company nearly doubled to Rs 70,938.85 crore in FY'09 from Rs 35,660.07 crore in the previous fiscal,
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The deal of acquiring UK's Jaguar and Land Rover has turned unfruitful to Tata Motors. The bad results are non-stoping. This also caused Tata to loss around Rs 300 crore for FY-09. This loss may break the records of 8 years. Industry analyst predicts that weak performance of its UK subsidiary and Singapore subsidiary made the Tata Motors on back seat. In fiscal year 2000-01, Tata Motors had reported a standalone loss of Rs 500 crore mainly due to weak sales of commercial vehicles, its mainstay. Tata Motors refused to comment for this story saying it doesn’t give guidance on financial results .
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Maruti to get a new vehicle in the form of Tata Nano! Surprised! Take it easy. This a story of a lucky Mumbai-based cobbler, Maruti Bhandari, who was selected among the lucky winners of Tata Nano from a random draw. Much awaited people's car, Tata Nano, will change his life. For him the allotment of Tata Nano is like a dream come true. Bhandari lives in a small home with his wife and two sons.
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Its sit and think time for Tata Motors. The company has confirmed that it will put on hold the future product plans. However, some of the pre-announced launch will remain unchanged. The company is learned to take a call on some of the products depending on both the larger economic scenario and its own financial health. Tata Motors said that the products which were on drawing board have been delayed. According to two people with direct knowledge of the matter, apart from the future new products,
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Tata Motors has announced the name of the first one lakh Nano allotments. The list is available on its official website www.tatanano.com. The status of successful and unsuccessful customers is also uploaded in detail. The winners will have their cars on doorsteps in the first week of July.
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Tata is well-known for its unique production and offers. This time the Tata Motors offers to win a Tata Indica Vista for its customers. What you need to do is, just have a test drive and be the lucky one who will win the hot Tata Indica Vista. You can book a test drive online. The link for the online registration is available on Tata Indica Vista Website or you can click here!
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Tata Nano's lucky customers will get their intimation letters this week as the company will commence delivering Nanos in the first week of next month. The process will last by the last quarter of 2010. A company spokesman said that Tata Motors would declared the first one lakh allotments for the Nano within 60 days of the closure of bookings on April 25, 2009.
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Branded luxury cars of Jaguar Land Rover (JLR) will be easily available in India as the owner of the brand, Tata Motors, is going to set up showrooms in smaller towns. The company will inaugurate its first showroom at Warli in Mumbai on June 28. The cars which is to introduce in India are: The Range Rover and Range Rover Sport as well as the mid-sized SUV LR Discovery 3. JLR's R&D team is working to make the expected models India friendly. Tata Motors will import these vehicles in completely built-up form and the price of these cars and SUVs could range from Rs 35 lakh to Rs 90 lakh.
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Tata Motors is all set to roll out its crossover SUV in the year 2010 in India. This yet-to-be-named crossover is likely to be based on the crossover Tata Xover which was introduced at the 75th Geneva Auto Show in 2005. This vehicle is being tested at the Tata Motors European Technical Centre, the company’s research and development (R&D) outfit in UK, and at the Engineering Research Centre (ERC) at Pune. At present in this segment, the company has two UV-SUV vehicles- Sumo and the Safari. A Tata Motors spokesperson confirmed the ‘crossover’ showcased in the Geneva auto show will be launched in India in 2010.
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Tata Nano is clearly a boon for the automaker and the customers. After having so many goods to the company, the car's platform will be used to make electric and hybrid cars, Tata Group said highlighting the Innovation and Innovativeness of the company. The introduction of Tata Nano was compared to that of the Ford Model T, the car that completely revolutionized the automobile industry.
Tata Nano is also expected to create a new distinct category in the auto industry - the People's Car.
Tata Motors is working on to select a specialized fuel efficient and low cost lubricant for world's cheapest car Tata Nano. Teams of Tata Motors' R&D and Castrol is involved in this process. The low cost lubricant is aimed to reduce emissions and fuel efficiency. For past 18-24 months, the teams have been working, in the UK and Wadala, India, to create the right blend of lubricant for Tata Nano. The main purpose of this is to develop a lubricant for world’s cheapest car so that its engine can be carry on traffic conditions, wear & tear and even it. Mr. AS Ramchander (Director (automotive) Castrol India said that Tata Nano is the car for not only India but also developed markets.
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Tata Motors thrilled the world by launching the world's cheapest car Tata Nano. To develop this unique car, several new technologies were introduced. So, in view to secure itself from copying or slight duplicate models by others, the company is planning to apply for IPRs (Intellectual Property Rights) claims for Nano in the overseas markets.
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Overwhelmed by the Tata Nano in India, Tata Motors is mulling to launch it in United States within two years. Its chairman Ratan Tata quoted saying to a panel at the Cornell Global Forum on Sustainable Global Enterprise late Wednesday.
He said that before launching the car, the company has to meet all emission and crash standards. The company plans to offer a European version of the car, which costs about $2,300, in 2011.
Tata Motors domestic sales dipped 20 per cent in the month of May. It managed to sell 15,338 units in May as compared to 19,234 units in the same period a year ago. The company also recorded a 13.26 decline in its total sales at 40,916 units in May as against 46,339 units in the same period the previous year. The company's exports in May plummeted by 47.30 per cent at 1,804 units compared with 3,423 units in the same month last year, it added. 'Indica' reported sales of 10,006 units,
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Tata Motors new Managing Director is announced since the post is to vacant due to retirement of present MD Mr Ravi Kant. The new MD PM Telang will take charge on June 1. On the same day, Mr Ravi will retire as per the company rule. The Board of Directors of the Company has decided to retain Mr. Ravi Kant on the Board as the Non-Executive Vice-Chairman of the company.
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Auto major Tata Motors hit hard by the demand contraction and unavailability of finance throughout the year and finally posted a 50.65 per cent fall in its net profit at Rs 1,001.26 crore for the FY 2008-09 compared to Rs 2,028.92 crore a year ago. The company released its FY results through a statement on Friday. The total income from operations in FY'09 also declined by 10.71 per cent to Rs 25,660.79 crore from Rs 28,739.41 crore in FY'08, it said.
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State Bank of India is expecting to have 50 per cent of the overall loan amount for Nano booking. According to the state bank's Chief General Manager in Personal Banking Mr P. Nandakumaran, the bank is aiming for around 50% making it to reflect for about 75,000 aspirants. He claimed that most of the applicant is from urban and metro regions.
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Tata Motors would refund the amount of unsold Nano forms. Sources said the denied to pay back the amount earlier. It is to be mentioned here that in view of wide publicity and customer curiosity, the dealers bought around 2,000 to 3,000 forms priced at Rs 250 each. But it was informed that only 30-35 per cent forms could be sold. The reason behind the low booking was confusion over the procedure, unavailability of test drives and uncertainty over delivery schedules and it forced customers to stay out of the booking process.
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After gaining unexpected and commending results in Lok Sabha election, Trinamool Congress chief Mamata Banerjee has learnt to welcome Tatas but with some conditions. She told a Bengali television channel Star Ananda Monday night that Tatas can speak to her about the Nano plant in Singur, but said the company will have to return 400 acres out of 997.11 acres acquired - to farmers for the project.
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Tata Motors has signed a memorandum of understanding with Bank of India (BoI) to promote financing of commercial vehicles. According to a press release, both companies expected a good volume of growth in the commercial vehicle segment. Bank of India will provide hassle-free and easy loan to the customers ofTata Motors under the tie-up.
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Tata Motors is working hard to commence Nano production from its Sanand factory by January 2010. In this connection, the company started to send reminders and orders to its vendors. Tata Motors is learnt to allot land to its 55-odd vendors at the facility in Gujarat. The company has asked its vendors to set up facilities by October. A Tata Motors spokesperson informed that the company is preparing the things to be needed in the facility from now. All the efforts has been began to produce Nano in time.
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Tata Motors, India’s largest commercial vehicle maker, may issue bonds to raise Rs 5,000 crore to refinance the remaining $2 billion bridge loan it took to acquire Jaguar and Land Rover. The rest of the amount is expected to come by way of rupee- and dollar-denominated term loans. According to the insiders, State Bank of India (SBI) along with several other banks, was providing a guarantee. When contacted, the company spokesperson did not comment on it.
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Automobile industry experts feared that a good number of Nano bookings might cancel due to the production problem. It is to be recalled that Tata Motors promised to allot only 50,000 cars this year to the winners of lottery as it is the maximum capacity of its existing plant. So as a result a large number of customers have to wait for atleast for a year. The company has received 203,000 fully paid orders for the world's cheapest car Nano. Mahantesh Sabarad, an analyst at Centrum Broking in Mumbai said that ,however, bookings exceed expectations but the company might not be able to retain orders going ahead.
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India's one of the largest car manufacturer Tata Motors has been fetched a large amount of 2500 crore from the bookings of its most famous model Tata Nano. The bookings of Tata Nano model was started on the 9th of April this year the bookings were ended on 25th of April 2009. According to reports company sold 6.10 lakh forms and this fetched around Rs 2500 crore for Tata Motors.
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India Auto major Tata Motors-owned British luxury car maker Jaguar Land Rover (JLR) is all set to launch its premium brands in the Indian market later this year, the company said in a statement today.the brand is hugely popular across the globe.
Jaguar Land Rover (JLR) is said to be delighted to enter in the indian car market As India is considered as an economy which is still growing appreciably, and able to offer Jaguar Land Rover (JLR) premium products to a whole new group of customers.
India's most popular car the Tata Nano has created a wave of excitement in the the Indian middle class and it is evident by the execcive bookings of Tata Nano. According to news reports the Bookings of Tata Nano gone beyond the official dadeline which was 25th of April. According to reports some of the Dealers in Mumbai excepted Nano Bookings even after 25th of April.
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The booking for Tata Nano is already closed. It has been three days since the booking ended but Tata Motors is still not in a position to tell the exact number of bookings. However, market has its own counting style and according to it, the number may reach to one million. Tata Motors spokesman said that the data of booking is to compile and the counting may take a few more days. Other agencies like banks are not disclosing the number of bookings. However, a website, which is also accepted online booking for Tata Nano,
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Saturday is the last day of Tata's Nano booking. However, booking forms are still piling up at some delears in the city. However, a good deal of time is ahead to sell the rest of the forms. A prominent Mumbai-based Tata Motors dealer said that 30 per cent of the total forms are still unsold. He accepted that they overestimated the demand. However they are looking forward to the last day,
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India's first woman photo-journalist to get the delivery of first Tata Nano in the country. This is a very interesting to know that the first Tata Nano will be owned by a Gujrati. However, Gujrat plant to manufacture Tata Nano has not started so far. 96-year-old Homai Vyarawala, India's first woman photo-journalist, has allotted the first Nano by a Tata Motors dealer of Vadodara
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Tata Motors is trying everything for a record sale of the Nano. The company offers a new plan for corporates. According to this new scheme, multiple bookings can be made in the name of the company without any rejection. All the bookings would be subject to allotment procedure. The buyers only have to fill the forms and at the time of delivery they have to show the proof of corporate or the company they are employed to. The company has organised for bulk bookings for the corporate in response to the request received from many business houses.
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Tata Motors has got Rs 15 crore by the application forms for the world's cheapest car Nano. The company has manage to sell nearly 500,000 application forms at Rs 300 each. The sale of forms began on April 1. Booking started from April 9 and will close on April 25. So far, the company is happy with the response of the sale. Some of the distributors expects that forms were likely to translate into bookings. The number total number of booking applications received will be announced later. All the booking applications will be subjected to a computerised random selection procedure, said a company spokesman.
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India's to largest car manufacturers Tata Motors and Maruti Suzuki has been listed in the 10 companies which will recruit engineers in the Congress of Society of Auto Engineers (SAE) in Detroit City, America. At this time many auto majors like GM and Ford are struggling with credit crunch and they have cut down their employees in high numbers.
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Not only the customer but also the financers of the Tata Nano are eager to grab the opportunity ahead. Tata Nano financiers are planning discounted interest rates which are tipped to figure at 50 to 150 basis points lower than regular car loan rates. So far, Kolkata-headquartered UBI has decided to offer loans at as low as 9% a year for purchasing the small car. The rate is a hefty 100 bps lower than UBI s card rate for car loans at 10%.
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Booking for the Tata’s Nano began on Thursday across the country. Within 60 days of closure of bookings on April 25, Tata Motors will process and announce the allotment of 1, 00,000 cars in the first phase of deliveries, through a computerised random selection procedure. "Bookings (for the Nano) began today morning and we hope the response will be encouraging," a Tata Motors spokesperson said
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Nano can be insured by top five insurance firms. Tata Motors tied up with five insurance companies National Insurance, ICICI Lombard General Insurance Company, Royal Sundaram Alliance, United India Insurance and HDFC Ergo General Insurance. The premium would be 2.76 per cent of the ex-showroom price of the car. For the base model, the insurance premium would work out to be Rs 3,468 (New Delhi-ex showroom price Rs 1,23,360), for the intermediate model Rs 3,959 (Rs 1,48,360) and Rs 4,431 for the high-end model (Rs 1,72,360).
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State Bank of India (SBI) will begin the sale of booking forms for Tata Nano, world’s cheapest car, from tomorrow. The company already sold over 50,000 forms from its dealerships. The application from can be purchased at a cost of Rs 300 each but the online booking will cost only Rs 200. The filled up forms can be submitted with an upfront payment of around Rs.95,000 - or Rs.2,999, if they wish to get it financed, company officials said.
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Tata Motors is selling 10,000 Nano booking forms per day. Now the number of total forms sold is 51,000 in just five days since they became available from April 1. Industry sources said that the number excludes forms sold through 30,000 other locations such as SBI, other preferred financiers and outlets of Tata Finance, Westside, Croma and Tata Indicom. The forms are being sold for Rs 300. According to people close to the development, Tata Motors is expected to earn around Rs 30 crore from the sale of around 10 lakh forms at Rs 300 per form, through 218 dealers.
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Leading car manufacturer Tata Motors praised SBI for slashing auto-loan rates to 10%. SBI(State Bank of India) has cut-down loan rate for new cars to 10%. According to Tata Motors this move of SBI should help to increase auto sales. According to SBI these loan rates will be apply on the loans which will be given from February 23 to May 31, 2009.
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Tata Nano the world’s cheapest car, was displayed in various showrooms of Tata Motors in the country on Wednesday. As expected, people gathered in huge number in showrooms. All the dealers have received the premium or LX version. The Tata Motors also started issuing booking forms today. The booking process for the Tata Nano will last 17 days. The company will begin accepting the filled-up forms for bookings from 9th April; bookings will close on 25 April. Customers would get delivery of the Tata Nano's three months later, that's by July.
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Nano is going to appear in showrooms of the country on 1st April but the issue still alive in West Bengal. Chief Minister Mr Buddhadeb Bhattacharjee has been reported saying if Nano project came up in the state, 6,000 people would have got employment besides job opportunities in the ancill aries. At present, ruling party CPI-M, opposition parties Congress and Trinamool Congress are commenting over the issue in their election campaign. CPI-M has given preference to Nano and industrialization in its election campaign.
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West Bengal government hasn’t lost hope for Tata’s Nano. Efforts are on to bring back the company to Singur. Previously it was forced to quit West Bengal due to farmers protest. Now Sabyasachi Sen, a senior bureaucrat in West Bengal, said in an interview, ``Sooner rather than later, the Nano will be produced from there.'' On the other hand, Tata Motors spokesman Debasis Ray is very unclear about the company’s plans. He said, “We have our sheds there. We have the land there which is leased to us.
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For small automobiles, India is becoming a low cost automotive manufacturing hotspot. The Nano has further highlighted the capabilities of a low cost automotive manufacturing ecosystem in India. Thanks to the successful launch of Tata Nano. It is interesting to know that India has been exporting small cars at an annual growth rate of 21% over the last five years. It is expected to double in the next five years.
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Contrary to hopes, Standard & Poor’s, global ratings agency, cut the ranking of Tata Motors after the glitzy lauch of Tata Nano. S&P cleared that it did not comment on credit rating changes. S&P analyst Manuel Guerena explained that "a material deterioration" in cash flow, a difficult operating environment and high debt for cutting Tata Motors's rating to B+ from BB-. It is also suggested that the Tata Nano would contribute little to profits soon despite hopes. Tata Nano’s British luxury marques Jaguar and Land Rover have been badly effected by a slowing domestic economy and the deepening global financial crisis at the same period.
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State Bank of India (SBI) Chairman O P Bhatt cleared that though most of the loan application would be done by SBI, other banks could also do the same. Bhatt added that the deal which was signed with Tata Motors as it was not possible for any company to go to hundreds of the banks to handle such a huge distribution and collection of application. Further he made it very clear that customers can seek loans from any bank to buy Tata Motors’ Nanocar despite the company singing a deal with SBI. Bhatt said SBI would charge 10 per cent interest on car loans to buy the Tata Nano in the first year and later the rate would be the same as other automobile loans.
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Tata Motors, India's largest automobile company, signed an understanding with United Bank of India, India is one of the largest Public Sector Banks, for financing the purchase of the passenger vehicles manufactured by it. This tie-up will provide a single window for both cars as well as car loans and will make car buying easier for customers. United Bank of India has also been empanelled for the Nano Booking Retail Finance with Tata Motors.
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Most people in Singur still want the Tata back there. This is the official statement made aired by West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee. He made it clear in an interview with a Bengali news channel yesterday. He said that they had conveyed their feelings to the Tata. Comments from the Tata still awaited. Mr Bhattacharjee disclosed that his government was in talks with a number of companies, including a Chinese firm, for setting up industry in Singur. However, he denied to give the details. He explained that the state Industry secretary was currently in China.
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It seems that Tata has decided to make records with Tata Nano. This time Nano is in news because of its online booking. Sources said that Tata Motors is offering, first in the Indian automobile industry, online Nano booking. The website has all the details about Tata Nano booking. The company provided foolproof payment gateway. The date of submitting online forms will be the same as by hand i.e. April 9. Experts and customers are overwhelmed by this innovative way of booking car.
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Tata Nano, the world’s cheapest car, may prove goddess of wealth for Tata Motors. The reason is the dipping commodity prices and excise duty. Coming down of excise duty on smaller cars from 12 to 8 per cent is another reason. For Tata Motors it is a dream come true because the booking will generate a corpus of Rs 5,000 crore besides Rs 95,000 an interest free deposit of the booking. Besides it the company will not have to pay tax on auto components as the supplier would already have done so.
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Indians have the right to aspire to own cars-just as people in wealthy countries. Speaking a day after the launch of the Tata Nano, United Nations Framework Convention on Climate Change (UNFCCC) Executive Secretary Yvo de Boer said that he was not concerned about the Tata Nano because people in India had the same aspirational rights to own cars as people elsewhere in the world. However he warned that automobile makers should use more green technologies in order to meet the challenge of global warming. He added that producing cars in a large number will have a climate change impact. He urged that the world needed new kinds of fuels, vehicle technologies and more efficient engines.
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Lowering the component weight was a difficult task for Tata AutoComp. The team at Tata AutoComp systems developed various components for the first time keeping the cost superior quality and performance parameters in mind. These all things helped the company to keep the Nano car price at low cost. Tata AutoComp Systems COO RS Thakur said in a release that their team had been working closely with Tata Motors right since the inception of the project to design and engineer various components. Thakur faced several challenges including to lead a lot of innovation.
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After car, Tata Motors now eyeing on the commercial vehicle. Tata Motors is going to use the same technology in commercial vehicle. Sources said that it will take a few months time. Tata Motors MD Ravi Kant also confirmed the news. He told that they were looking at something similar for the bigger vehicle too. It will take sometime and people would have to wait for that. However he didn’t give the details of the project. The company has already specialized the frugal technology on its two products i.e. Nano and ACE.
The booking for the world’s cheapest car will start from April 9. The booking for Tata Nano will closed on 25 April. But deliveries will start in July only. Tata Nano is manufactured from Pantnagar in Uttarakhand and Pune in Maharashtra.
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Tata Motors which recently launched Tata Nano is targeting a figure of 10 lakh for Tata Nano sales in India in first two weeks. According to Tata Motors the Tata Nano model is obtaining tremendous popularity all across India. By providing a flexible booking Tata Motors is expecting a large figure for the Tata Nano bookings.
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Tata Motors is planning to setup a permanent facility at Pantnagar in Uttrakhand though company has a Tata Nano facility at Uttrakhand. Company is planning to produce 50,000 units per year at the facility in Pantnagar. To promote industrial activities the government of Uttrakhand has provided some recantations in Tex and lend prices. In addition to this Govt. of uttrakhand also provided lend on subsidised rates to Tata Motors for its Pantnagar plant. To benefit Uttrakhand customers of Tata Nano, Tata Motors is selling Nano at lowest price in India. Other then this the company is also targeting to complete its Sanand facility in Gujarat by the year 2010.
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Tata Motors has commercially launched its famous model Tata Nano."From today onwards, the product will be available in the showrooms. There will be three versions - the base version, which is the one we promised to the people of India and two upper tier versions," Tata Group Chairman Ratan Tata told a news conference.
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Tata Motors has launched Tata Nano today. The launch of Tata Nano will change the image of Tata Nano as truck maker. It will establish Tata Motors as a premium Passenger car maker. The Tata Nano model has gain the popularity worldwide and because of popularity of Tata Nano the image of Tata Motors has been changing from a truck maker to a passenger vehicle maker.
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Tata Motors one of the largest car manufacturers in India has started to clear long overdue payments to its vendors. Tata Motors is launching one of India's most popular Car model Tata Nano today. According to news reports the Tata Motors has entered into an understanding with Small Industrial Development Bank of India (SIDBI). According to Arrangement between Tata Motors and SIDBI the bank will manage the payment to its manufacturers and the money will be returned to Bank in 3 to 4 Months. Tata Motors is expecting good sales of Tata Nano and good revenue from these sales.
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Tata Motors is launching Tata Nano today in the evening. According to company the Car will be launched in a big stadium at Marine Drive in Mumbai. At the occasion the Chairman of Tata Motors Group Ratan Tata will also present. The car will be launched in two variants as per news reports but there is no clarification from Tata Motors about the Variants of Tata Nano.
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Tata Motors one of India's leading car manufacturer is launching Tata Nano tomorrow. Tata Nano is one of the best popular car in Tata Motors portfolio and company is expecting good sales of Nano in India as well as in the other countries. The first model of Tata Nano is expected to roll out from company's Pantnagar plant.
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One of India's largest car manufacturers Tata Motors has added one more bank in the series of Banks with which Tata Motors have made a tie-up. Until now Tata Motors entered into tie-ups with many PSU banks like State Bank of India, Union Bank of India, Corporation Bank of India, Bank of India and Central Bank of India.
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India's leading Car Manufacturer Tata Motors has entered into a tie-up with Dena Bank for financing its passenger vehicles in India. Dena Bank is a PSU Bank which provides loans to manly retail segment and industry. Tata Motors has entered into a series of tie-ups with Many of India's largest PSU banks like State Bank of India, Union Bank of India, Corporation bank of India and many more . Tata Motors is launching its Most news gathering vehicle Tata Nano in India just next week and because of this there is a need of financier for its passenger vehicles including Tata Nano.
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JD Power Asia Pacific for casted Nano sales as low as 35,000 units for the year 2009 and 2010. According to company the sales of Tata Nano will not be as phenomenal as company is Tata Motors is opting about. According to company even after starting of Sanand plant of Tata Nano, it would be very difficult for Tata Nano to touch one lakh mark.
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Leading car manufacturer Tata Motors has entered into a tie-up with Indian Bank for financing its passenger vehicles in India. In past few months Tata Motors has made a series of tie-ups with some of the largest PSU banks like State Bank of India, Corporation Bank, Union Bank, Central Bank of India and now with Indian bank. Tata Motors is launching many passenger vehicles this year and Tata Nano is the most popular model among them. Tata Nano is due to launch on the day of 23rd of March.
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Tata Motors India's leading car manufacturer is launching Tata Nano on Monday. Tata Nano has now become most awaited and most news gathering car In India as well as in many world markets. According to recent news reports the booking amount for Tata Nano has been decided at the level of Rs 70,000. To finance this vehicle Tata Motors has entered in to many tie-ups recently with many PSU banks.
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India's one of the largest car manufacturers Tata Motors has entered into tie-up with the Andhra Bank. In last few months Tata Motors has made many tie-ups with some of the largest PSU banks like State Bank of India, Corporation Bank, Central Bank of India and Union Bank of India.
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India's most awaited car Tata Nano is expected to launch on 23rd of March. The Insurers are awaiting the launch of Tata Nano for quoting the rates of Insurance. according to dealers the rates of insurance for Tata Nano will only possible to present when price list of spare parts of Tata Nano will available. The insurance cover for third party insurance for small cars is decided by the government as Rs 800.
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Tata Motors one of the largest car manufacturers in India is working with Castrol world famous lubricant producer to provide a fuel efficient lubricant for Tata Nano. According to news reports this lubricant will help in achieving low emission as well as high mileage. Company is working to provide a lubricant which is durable as well as of a good quality.
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In the series of tie-ups with Many PSU banks Tata Motors has added one more name by entering into a tie-up with State Bank of Bikaner and Jaipur. This tie-up will help Tata Motors to properly finance Tata vehicles, both passenger as well as commercial. Tata Motors entered in to an understanding with SBBJ for providing a single window to its customers for car as well as car loans. Before this Tata Motors has made a collaboration with many PSU banks like State bank of India, Union Bank of India, Corporation Bank of India and Central Bank of India
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Tata Motors one of India's largest car manufacturers and gathering most of news nowadays for its small size car Tata Nano has applied for patent protection to protect its innovations and inventories which are joined in making of world famous car Tata Nano. The move will give Tata Nano an extra edge over its competitors who are only in the starting of their plans of manufacturing Tata Nano. According to reports Tata Motors has applied for patents of its 37 Innovations and inventories which are used in making of Tata Nano.
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In the series of Tie-up with PSU banks in India Tata Motors has added one more bank by entering into a tie-up with Union Bank of In India. According to Tata Motors the company has entered into a tie-up with Union Bank of India to finance its passenger vehicles in India. Tata Motors is launching Tata Nano on 23rd of March and booking amount of Tata Nano has been decided at the level of Rs 70,000. Before this Tata Motors has made many tie-ups with PSU banks like State Bank of India, Corporation Bank of India and Central Bank of India.
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India's one of the largest car manufacturers Tata Motors has entered in a tie with up State Bank of Patiala to finance its passenger car vehicles. According to news reports the Tata Motors entered into an understanding with State Bank of Patiala to provide car loans for its passenger car vehicles. State Bank of Patiala will provide loan on a wide range of Tata vehicles. Currently State Bank of Patiala provides loan up to 85% on on-road price of the vehicles. The bank provides loan for the duration of up to 7 years. Tata Motors launching its most popular model Tata Nano on 23rd of March and this tie-up will help Tata Nano Buyers in gatting vehicle finance.
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Jaguar Land Rover The UK based subsidiary of Tata Motors has decided to go on a one year pay freeze for its employees because of tough market conditions and global credit crunch. Now the employees of JLR have to work on a for-day week basis to sustain their jobs which are under threat after the global economic meltdown. According to the agreement between company and employees the freeze in jobs will came into effect immediately and the salaries will be frozen till year 2010. Until then there will be a four days a week work at the plants of the company. The subsidiary of Tata Motors has currently has around 2400 employees who will suffer from this Pay freeze.
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Leading car manufacturer in India Tata Motors has made a tie up with Bank of India to Finance its passenger cars in India. By this Tie up Tata Motors has become able to provide loan assistance to its customers all across India. The bank of India provides loan of 90% share of invoice on a very reasonable rate of 10.25% to 10.75 %. The Bank of India provides loan of up to 10 lacs for a duration of up to 6 years.
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India's one of the largest car manufacturer Tata Motors is working on manufacturing a diesel version of Tata Nano in India. There is a large demand of diesel versions in India. According to reports The company is in talks with vendors to supply diesel version of Tata Nano in country and the car is expected to hit the Indian roads by the mid of year 2010. The price of this model is expected to be in the range of Rs 1.75-2 lakh.
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India,s leading car manufacturer Tata Motors is planning to launch a Hybrid version of Tata Nano soon. Currently Company is working on Hybrid version of Tata Nano. The model will be more fuel efficient then normal Tata Nano. Besides more fuel efficiency the Hybrid Tata Nano will also be coming with low emission level.
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Tata Motors the leading car manufacturer of India is expected to launch two new models Tata Prima which is a luxury sedan, Tata Indica Vista EV and Nano Europa. Company presented these model in Geneva Motor Show
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According to statement given by Tata Motors chairman Ratan Tata in a press conference in Geneva Tata Motors will launch its most famous model Tata Nano in European market by the year 2011. However Mr. Tata didn't disclosed any details about the price of this model and design of this model. Although He said that the car will be cheapest in that market but he refuse to give details by saying that lots of factors needed to be looked at before deciding price.
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Leading car manufacturer Tata Motors is expected to present its most famous model Tata Nano in Geneva Motor Show on Tuesday. According to reports the Euro version will be more fuel efficient, better emission compliance and will be technologically superior.
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Leading auto maker Tata Motors is facing a tough time. Few years back Tata Motors surprised the international auto market by acquiring British luxury car maker Jaguar and Land Rover In a bit expensive deal of $2.3 billion. Because of gloom in global auto market the Sales of commercial vehicles of the company dipped by 40% in India while exports dipped by over 45% in the quarter ended in December, 2008. Sales of passenger cars dipped by over14% of Tata Motors
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Tata Motors leading car manufacturer has launched a new variant of Safari, Safari Gx variant. Before this the Safari DICOR was available in three variant as Lx, Vx and Ex. The new Gx variant is is uploaded with some good comfort and safety features. This new Gx variant will be placed between Ex and Vx variants. Vx is the top variant and the most expensive among these four models.
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Leading car manufacturer Tata Motors launched its new pickup vehicle Xenos XT in India. According to a statement given by Rajiv Dubey the President of Passenger Car Business of Tata Motors the company is launching Xenon XT (Cross Terrain), a lifestyle 4-door, 5-seater pickup vehicle in India and company has already sold 6,000 units of Xenon XT in the overseas market.
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India's leading passenger vehicle manufacturer Tata Motors has decided to cut down prices of its products. The news came after the government announced the cut in excise duty by 2%. Ashok Leyland and Apollo Tyres will also cut down the prices of their products by 2% to pass down the benefit to its customers.
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Leading car manufacturer Tata Motors and Fiat Motors are planning to bring popular Chrysler brands like jeep Cherokee in India. According to Fiat's global spokes person Gualberto Ranieri the relationship between Tata Motors and Fiat Motors is going very well and they shall increase their partnership in India.
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Tata Motors one of India's leading car manufacturers is now decided to compensate Nano vendors for its plant relocation from Singur to Sanand in Gujarat.
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The most anticipated car of India, Tata Nano launch is again delayed. Tata Motors is now going to launch Tata Nano by the end of April 2009. The booking amount of Tata Nano is Rs 70,000 and booking will start from the end of February 2009. But the exact date of the launching of this car is not fully confirm. Although company is claiming to launch Tata Nano in April this year
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Tata Motors Indias leading car manufacturer has colaborated with Corporation Bank for financing its vehicles in India. This news came after Corporation Bank decreased its car loan rates. Corporation Bank has also increased its loan limit upto 85% of on road price and also claimed to finish process of loan application within 7 days of application.
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Due to the slump in auto industary, most of the auto companies face loss in their profit in Q3. Tata Motors, leading auto maker of India, has announced loss of Rs 2,632.60 million compared with a profit of Rs 4,990.50 million in the same quarter previous year.
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to come over the JLR acquisitions, Tata Motors are now decisive to make a bridge loan of $2-billion. It is expected that the company might pay over interest rates of Libor (London Inter-Bank Offered Rate) to the limits of 400 basis points. All after this Tata Motors need to do is tie up with completion of fund work by the end of June so that transaction can be completed.
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