"In the current fiscal, the automotive industry is expected to witness flat growth," president of Nissan Motor India, Thomas Kuehl, said. In India, the company would follow the two-brand strategy of Datsun and Nissan, he said. "While Datsun will focus on the volume segment, Nissan on the premium end of the market," he said at the launch of the SUV 'Kicks' here.
Tata Motors finally launched their much awaited SUV, the Harrier at a starting price of Rs 12.69 lakh. The SUV gets four colour options and four trim levels to choose from.
Uttaresh Venkateshwaran gets in conversation with Moneycontrol's auto expert, Swaraj Baggonkar, to discuss the launch and specification of the Tata Harrier.
The Harrier will only be offered as a 5-seater with a diesel engine mated to a 6-speed manual transmission at launch.
Motilal Oswal is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 246 in its research report dated January 11, 2019.
Global wholesales of all Tata passenger vehicles last month stood at 59,898 units, lower by 14 percent from the year-ago period, Tata Motors said in a statement.
The breadth of the market favoured the declines with 647 stocks advancing and 973 declining while 440 remained unchanged. On the BSE, 965 stocks advanced, 1291 declined and 168 remained unchanged.
JLR said it will cut 4,500 jobs worldwide, hurt by slowing China sales and uncertainty in the UK after Brexit.
The company is expanding a business-wide organisation review aimed at reducing the size of its global workforce by around 4,500 people, JLR said in a statement.
Going forward, any decline towards 10700, its long term 200-DEMA should be a good opportunity to re-enter.
The 7-seater Harrier is expected to grow in length while retaining the same wheelbase.
Net Sales are expected to increase by 4.5 percent Y-o-Y (up 7.4 percent Q-o-Q) to Rs. 77,479.8 crore, according to Motilal Oswal.
The sales achieved in 2018 was the highest calendar year volume to date for the company. These were driven by models such as Land Rover Discovery Sport, Range Rover Evoque, Jaguar F-PACE, XE and XF, it added.
Starting with the colour scheme, the 45X shares a lot of details and design elements with its SUV siblings, the Nexon and Harrier, giving it the same design theme.
Beaten-down stocks make for an interesting investment case, but the challenge is to figure out whether the underperformance is temporary or structural in nature.
The Hornbill will be based on the new Advanced Modular Platform (Alpha ARC), the same platform that the 45X hatchback will be based on
Country's second largest commercial vehicle maker Ashok Leyland also disappointed street by showing a 20 percent year-on-year decline in December sales.
The Tata Harrier may be newest kid on the block and with the features it offers, it deserves all the eyes it will get. However, there are a few SUVs that can seriously compete with the Harrier.
Most experts are of the view that as long as Nifty holds above 10800-10850, bulls should remain in charge of D-Street.
Here's a list of sedans, hatchbacks and SUVs we liked so far. Do vote for the car you think looks the best. Scroll below for the poll.
The report comes amid reports of JLR being forced to make job cuts, shedding more than 1,000 agency staff and putting 2,000 workers at its Castle Bromwich plant in the West Midlands on a three-day week.
Under this partnership, Zoomcar expects to deploy 500 electric vehicles in over 20 cities with Tata Motors over the next one year.
"Kumar's vast experience at GE and Asian Paints will further strengthen our resolve towards building an employee focused organisation. We are extremely confident that his energy will help further drive the turnaround culture and the Tata ethos," Tata Motors CEO and MD Guenter Butschek said.
Cost savings are badly needed for JLR, which is struggling with plummeting auto sales in China which has hit its JLR business.
However, the UK-based luxury carmaker refused to comment on reports in a section of the UK media over the weekend that the changes under its Charge and Accelerate transformation programmes could affect thousands of workers.