UK-based luxury car maker Jaguar Land Rover recalled 44,000 cares due to excessive carbon dioxide emissions, reported CNBC-TV18
The breadth of the market favoured the declines with 714 stocks advancing and 964 declining while 395 remained unchanged. On the BSE, 1050 stocks advanced, 1288 declined and 132 remained unchanged.
Weaker market conditions continued to weigh on sales in China, which posted a decline 47.6 percent YoY, JLR said.
China continues to impact overall performance despite strong sales growth in North America and UK markets, according to a company filing to the BSE.
The company has already showcased an electric version of premium hatchback Altroz here, which is expected to hit the market in the next two years.
The company has already launched SUV Harrier on OMEGA platform.
The company took curtains off an electric version of Altroz hatchback as well, which it plans to launch next year.
The breadth of the market favoured the advances with 1501 stocks advancing and 251 declining while 333 remained unchanged. On the BSE, 2041 stocks advanced, 580 declined and 163 remained unchanged.
Both Mumbai-based companies are advancing towards full electrification and thus do not have any significant plans for hybridisation of their products
The company said its commercial vehicle (CV) sales in the domestic market stood at 39,111 units in February, down five per cent from 41,222 units in the same month of 2018.
Tata Motors on Friday said the FAME II scheme would help faster adoption of electric vehicles (EVs) in the country. While welcoming the initiative, the auto major said the revised scheme brings policy stability in the EV space.
Arihant Capital recommended hold rating on Tata Motors with a target price of Rs 159 in its research report dated February 08, 2019.
The updated model now comes with various additional features like a seven-inch touchscreen infotainment system with android auto connectivity across variants.
The new SUV will fit in between the Harrier and the Nexon, both in terms of pricing as well as size.
The model will compete with the likes of Maruti Suzuki India's Baleno, Hyundai i20 and Honda Jazz among others which are priced between Rs 5.45 lakh and Rs 9.34 lakh(ex-showroom Delhi).
The whole incident was captured on a YouTube Live session that was recorded by the customer himself.
Growth in the Tata group’s market cap has beaten that of the Nifty, but several weak spots remain.
ICICI Direct recommended hold rating on Tata Motors with a target price of Rs 145 in its research report dated February 11, 2019.
Chandra said that the company is expected to launch a completely new electric car in the next two years which will not be based on any existing model.
If Nifty breaks 10,580 in next two days then the fall could be severe and eventually push Nifty to 10,200 or 10,000 in the next few weeks
Tata Motors said in a statement that it would showcase some of the bestselling variants across small commercial vehicle, intermedial light commercial vehicle and medium and heavy commercial vehicle segments.
"The Tiago continues to be one of the few models in the hatchback segment that is still registering positive growth despite being in its third year of production," Tata Motors Passenger Vehicles Business Unit President Mayank Pareek said in a statement.
Global wholesale of all Tata Motors' commercial vehicles and Tata Daewoo range in January 2019 stood at 40,886 units, down 9 percent from the same month last year, the company said in a statement. It had sold 44,828 units in the same month last year.
In terms of value, more than Rs 4,000 crore of mutual fund money is riding on Tata Motors, and approximately Rs 1,700 crore in Tata Motors DVR