Tata Motors shows good financial performance
Chances of debt crisis in the European market and speculations regarding China raising its interest rates has switched the global market scenario to a negative frame. The Indian market and the US market were closed the week on a low following the news in the market. The Indian ADRs pulled down too, experiencing the low mood of the market. Nonethelss, Tata Motors position remained intact and showcased its strong financial position and performance The ARD of Tata Motors jumped to 1.44 per cent which closed at $30.21 which was $29.78 in the previous week.
Chances of debt crisis in the European market and speculations regarding China raising its interest rates has switched the global market scenario to a negative frame. The Indian market and the US market were closed the week on a low following the news in the market.
The Indian ADRs pulled down too, experiencing the low mood of the market. Nonethelss, Tata Motors position remained intact and showcased its strong financial position and performance The ARD of Tata Motors jumped to 1.44 per cent which closed at $30.21 which was $29.78 in the previous week.
The Tata Motors sales saw a growth of 18 per cent in the month of October. The cumulative sales for the period (April 2010-October 2010) were 598,639 which was accelerated by 44 per cent over the last year's same period.
The multinational auto maker which has a noted world presence is planning to utilize the ever increasing market in its favour. The Indian auto biggie took over the British luxury brand Jaguar Land Rover. JLR was in debts when Tata Motors acquired the stake in the company and the former is now a profitable venture. The acquisition of the foreign brand has put Tata Motors on the world map. The company also plans to manufactures a premium luxury sedan. This segment of the market is dominated by Honda, Skoda and Audis.
Honda currently has five models in the Indian Auto market, these are, Honda City, Honda Civic, Honda CR-V, Honda Jazz and new Honda Accord. Skoda's four models has lured the Indian customers they are Skoda Fabia, new Skoda Laura, Skoda Superb and Skoda Yeti. Audi has seven models rolling out in the Indian auto markets, these are, Audi A4, Audi A6, Audi A8, Audi Q5, Audi Q7, Audi R8 and Audi TT.
Apart from introducing the luxury premium segment car, Tata Motors will soon start its production of the EV versions of Tata Indica Vista and the passenger vehicle Tata Ace. In the year 2011, the production of the EV version is expected to begin which will target the international markets of UK and the likes. Tata Indica Vista EV will sell for £29,000 and has been designed as per the industry standards. Indica Visata EV is expected to get a subsidiary of £5,000 which will then cost the consumer £24,000. the Tata Ace EV is prices to be around £13,000-£14,000.
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