Per data from recovery, around Rs 24,000 crore are lying unclaimed in mutual fund units, about Rs 48,000 crore in PPF (Public Provident Fund), and as much as Rs 25,860 lying unidentified in various bank accounts.
The failure to crack the premium segment once earlier notwithstanding, Tata Motors is set to launch yet another deluxe model in a desperate effort to break the jinx.
The government has decided to impose 2.5 per cent cess on diesel vehicles of length not exceeding 4 meter and engine capacity not exceeding 1,500cc, while higher engine capacity and SUVs and bigger sedans were slapped with a cess of 4 per cent on the value of the car.
In a bid to shore up its utility vehicle sales, Tata Motors is firming plans to launch a new sport utility vehicle called Hexa, reports CNBC-TV18‘s Alexander Mathew.
These two new products are based on the company's enhanced X1 platform, on which the existing Vista and Manza models are built.
Total passenger vehicle sales in the domestic market stood at 9,272 units in December, down 34.63 percent from 14,185 units in the same month in 2012. Sales of Nano, Indica, Indigo range in December 2013 were 6,537 units, while that of Sumo, Safari, Aria, Venture range were at 2,735 units, Tata Motors said in a statement.
Total passenger vehicle sales in the domestic market stood at 12,879 units in September, down 40.51 percent from 21,652 units in the same month last year.
Tata Motors today reported total sales (including exports) of Tata commercial and passenger vehicles in August 2013 at 49,611 vehicles.
Karl Slym wants to change the way Tata Motors makes and sells its cars. But the cars he has don‘t sell; and his idea of those that will should take at least two years to hit the market.
Tata Motors today reported a 15% increase in total sales at 74,159 units in July this year.
Tata Motors today launched its new premium car Aria 4x2 in the local market.
The company is now attempting to rejig its distribution strategy and will set up exclusive showrooms for the Nano, Indica and Indigo and its utility vehicle including the Aria. But can distribution help fix Tata Motors problems?
Costlier loans, increased fuel prices and high inflation continue to deter buyers from queuing up for new cars, and the incumbents -- Tata Motors and Maruti Suzuki are feeling the heat. The two of India’s largest auto makers saw a dip in sales in June, even as new launches drove sales growth for Toyota and Ford.