Global wholesales of all passenger vehicles in September were at 61,388 units, down 14 percent from the year-ago month, Tata Motors said in a regulatory filing.
The vehicle, which now comes with 213 km of range, qualifies for incentives under the FAME II scheme for commercial usage.
Tata Motors has so far been maintaining that no decision has been made yet on the future of the Nano
Jaguar sales were down 14.1 percent year-on-year to 6,052 units and Land Rover sales dipped 0.3 percent to 12,791 vehicles.
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 17 points gain or 0.16 percent. The Nifty futures were trading around 11,223-level on the Singaporean Exchange.
These buses will be deployed under the operation expenditure (OPEX) model which works on pay-per-km basis. Tata Motors will be setting up the required infrastructure, including fast charging and support system, it added.
Maruti Suzuki India, the country's largest car maker, sold 1.22 lakh units in September 2019, falling 24.4 percent compared to 1.62 lakh units sold in same month last year.
Sakshi Batra does a 3-Point Analysis to understand how each segment of the auto industry performed in September.
Among sectors bank, metal, pharma and FMCG are under pressure, while buying seen in the auto, energy, infra and IT stocks.
Commenting on the sales performance, Tata Motors President, Passenger Vehicles Business Unit Mayank Pareek said the industry continued to decline in September.
Automotive dealers are the worst hit because the slowdown leading to closure of around 500 dealerships in the past 12 months
In a statement, the company said that it will offer features like front parking sensors, wireless mobile holders, automatic sunroof, chrome packs and ambient mood lighting for Harrier, Hex, Nexon, Tigor and Tiago.
Maitra highlighted Tata's commitment to South Africa, where its vehicles have become popular despite the company entering the market only about two decades ago.
The automobile industry, which saw the steepest volume plunge in August in nearly two decades, has long been demanding lowering of GST on automobiles to 18 percent from the present 28 percent to boost demand.
While Tata Motors is offering a discount of upto Rs 1.5 lakh on a limited set of its models, Mahindra isn't far behind, with discount offers of upto Rs 76,500 on its product range.
The partnership will enable drivers to enter a three-word address by voice or text input and then navigate to that address.
The IIT Bombay Racing Team, which is also India’s Formula Student Electric team, consists of 70 engineers.
Kotak Institutional Equities expects JLR volumes to pick up from FY21. It is of the view that standalone business remains under pressure due to a general slowdown.
Sales of Jaguar brand were at 9,702 units during the month, down 17.8 per cent from the same month last year, Tata Motors said in a regulatory filing.
The limited edition -- Nexon KRAZ -- comes with both manual and automatic versions priced at Rs 7.57 lakh and Rs 8.17 lakh respectively.
Speaking at the annual convention of Society of Indian Automobile Manufacturers (SIAM), Butschek, however, said he was cautiously optimistic about a recovery from the current situation on the back of measures announced by the government.
We have a list of stocks which remained in focus on September 3 because of their price action. The technical outlook is limited to near and medium-term.
The management of Tata Motors is hopeful of recovery in auto sales after the recent measures introduced by the government.
The Sensex ended 769.88 points lower at 36,562.91, while Nifty was down 225.40 points or 2.04% at 10,797.90.
In the commercial vehicles segment, Tata Motors said its total sales were down 45 percent at 21,824 units last month as against 39,859 units in August 2018.