Tata Motors: The Story Of Epic Journey

[rohitsingh_81]

Hope you are well aware of the fact there is Safari Storme too which is a lot better than the stopped one, also the Hexa is just fine to be in the roads taking the lead of the Safari, IMHO the dicor AFAIK it needs heavy pockets for which fortuner will sound VFM.

All well taken with Storme Mate... but I cannot forget the legendary Tata Safari with back mounted Spare Wheel (perhaps there are many like me from my generation who have that image).

Hexa's a van... I won't buy it regardless of whatever it is and it offers. SUV & MUV aren't interchangeable despite whatever Tara's brand managers do to convince me.

Idiots like Ford understood the perception of those butch looks and encashed it with Eco-sports.... when Tata with its Leagend Safari brand lost it.

Engineering has to follow the brand perception ... not the other way round mate. This is the issue with Tata... and now they are pushing Hexa to a Safari loyalist !!

 

[Akash1886]

Tata Motors domestic sales grows by 13% in July 2017​

Commenting on the strong sales performance, Mr. Girish Wagh, Head – Commercial Vehicle Business Unit, Tata Motors, said, “After a sluggish Q1, our commercial vehicles, in the domestic market, in July 2017, grew by 15% due to ramp-up of BS4 production, across segments. Passing on the benefits of GST to consumers by reducing the prices of its vehicles across all commercial vehicle segments has resulted in improved consumer sentiments. The M&HCV segment, which was seeing a decline in the last few months, saw a rebound in July 2017 and witnessed pick-up in demand and availability because of continued production ramp up. New models launched in the fastest growing segments of 49 ton and 37ton categories have also gained strong traction in the market. Wider acceptance of new SCR technology has further boosted the confidence of customers. The new Ultra range and the new BS4 range in other products, resulted in growth of I&LCV truck segment, by 28% in July 2017. We are delighted with the strong response to our new introductions in SCVs (XL Series) and pick-ups (Tata Yodha) due to which growth momentum in this segment continues. In line with our business turnaround, we continue to undertake series of actions to drive the growth momentum and improve the financial performance.”

Commenting on the sales performance Mr. Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, said,” With an improved customer buying sentiment post GST, we are delighted to record a growth of 10% in the passenger vehicle market, in July 2017. The Tata TIAGO continues to witness strong demand, the TIGOR and HEXA have also witnessed strong traction in the market. We continue to maintain cautious optimism and will work towards turning around the business, in line with our well-defined strategy.”

Mumbai, August 01, 2017: Tata Motors passenger and commercial vehicle total sales (including exports) in July 2017 were at 46,216 vehicles, higher by 7% over 43,160 vehicles sold in July 2016. The company’s domestic sales of Tata commercial and passenger vehicles for July 2017 were at 42,775 nos., higher by 13%, over 37,789 nos., in July 2016.

Domestic - Commercial Vehicles

The overall commercial vehicles sales in July 2017, in the domestic market were at 27,842 nos. higher by 15% over July 2016, due to ramp-up of BS4 production, across segments. The Company also passed on the benefits of GST to consumers by reducing the prices of its vehicles across all commercial vehicle segments.

The M&HCV segment saw a rebound in July 2017 and witnessed pick-up in demand and availability because of continued production ramp up. New models launched in the fastest growing segments of 49 ton and 37 ton categories have also gained strong traction in the market. Sales of M&HCV business grew by 10% in July 2017 at 8,640 nos., over 7,879 sales in July 2016, establishing the wider acceptance of new SCR technology.

The I&LCV truck segment also grew by 28% at 3,354 nos., over 2,626 vehicles sold in July 2016, on the back of good response to the new Ultra range and the new BS4 range in other products. Tata Motors Passenger Carriers sales (including buses), in July 2017 were at 4,472 nos., declined by 15%, over 5,233 units, in July 2016, largely due to supply constraints in the Bus segment.

The SCV cargo and pickup segment continued the growth momentum at 11,376 nos., higher by 34% over 8,504 units, last July 2016 due to good response to the Ace XL, Mega XL, Zip XL, and the Tata Yodha.

Domestic - Passenger Vehicles

In July 2017, Tata Motors passenger vehicles, in the domestic market, recorded sales at 14,933 nos., with a growth of 10%, over 13,547 units, in July 2016, due to continued strong demand for the Tata Tiago and the Tata Tigor. While the car segment marginally degrew by 1% at 12,125 nos., the UV segment grew by 110% at 2,808 nos., due to strong demand for Tata HEXA.

Cumulative sales growth of all passenger vehicles in the domestic market for the fiscal were at 49,791 nos., a growth of 10%, compared to 45,062 nos., in the last fiscal.

Exports

The company’s sales from exports was at 3441 nos. in July 2017, a decline of 36%, compared to 5,371 vehicles sold in July 2016, due to drop in volumes in Sri Lanka and Nepal.

Regards

Akash

 

[Akash1886]

Tata Motors Q1 Of FY 2017 - 18​

Mumbai, August 9, 2017

Consolidated Net Revenue Q1 FY18 ₹58,651 crores, Consolidated PAT ₹3,200 crores

Consolidated Financial Results for the Quarter ended June 30, 2017 – As per Ind-AS

For the quarter ended June 30, 2017, Tata Motors reported consolidated revenues (net of excise) of ₹58,651 crores as against ₹65,115 crores for the corresponding quarter last year. Consolidated revenues for the quarter are lower by ₹7,761 crores due to translation impact from GBP to INR. Consolidated Profit before tax for the quarter was ₹3,737 crores, against ₹2,551 crores for the corresponding quarter last year. Consolidated Profit before tax for the quarter includes one- time gain of ₹3,609 crores (£437million) relating to the changes made to the Jaguar Land Rover pension plans.

The Operating performance broadly reflects:-

In Jaguar Land Rover business-

Lower wholesale volumes excluding the China JV, and continuation of higher competitive incentive levels and launch and growth costs seen in FY17.

In Standalone business-

Significant de-growth in the M&HCV segment, flat LCV segment and moderate growth in Passenger vehicle segment.

Consolidated Profit after tax (post profit / loss in respect of joint ventures and associate companies) for the quarter was ₹3,200 crores, against the Consolidated Profit after tax (post profit / loss in respect of joint ventures and associate companies) of ₹2,260 crores for the corresponding quarter last year. Consolidated Profit after tax (post profit / loss in respect of joint ventures and associate companies) for the quarter are lower by ₹793 crores due to translation impact from GBP to INR.

Tata Motors Standalone Financial Results (including Joint Operations) for the Quarter ended June 30, 2017 - As per Ind-AS.

The sales (including exports) of commercial and passenger vehicles for the quarter ended June 30, 2017, stood at 111,860 units, a de-growth of 11.8%, as compared to the corresponding quarter last year, with M&HCV de-growth of 34.8% Y-o-Y , LCV growth of 0.2% Y-o-Y and passenger vehicles segment growth of 4.7% Y-o-Y. The revenues (net of excise) of the Standalone business (including Joint Operations) for the quarter ended June 30, 2017 stood at ₹9,207 crores, as compared to ₹10,393 crores for the corresponding quarter last year. Operating profit (EBITDA) of the Standalone business (including Joint Operations) for the quarter stood at ₹3 crores. Loss before and after tax for the quarter ended June 30, 2017 was ₹467 crores, against profit before and after tax of ₹38 crores and ₹26 crores, respectively, for the corresponding quarter last year.

In Commercial Vehicles business, across all the segments, the Company has gained month-on-month improvement in sales and market share. The Company is confident of further building on this trend with increased focus on stakeholders’ engagement and on the ground marketing activities.

In Passenger vehicles business, the Company’s new cars- Tiago, Hexa, Tigor- continue to show strong sales. The Company plans to launch, in the month of September, its new car Nexon, which is receiving positive reviews in the media.

Mr. Guenter Butschek, MD & CEO Tata Motors, said, “While the first quarter results have not met our expectations, we are working with renewed focus and energy to improve performance of our Commercial and Passenger Vehicle businesses. Our focus on topline, market share growth, major cost reduction initiatives and efficiency improvements have been significantly enhanced and accelerated in the last few months. Leveraging the expected market recovery, we are confident that these initiatives will help us to present significant improvement of our financials in the coming quarters.”

Jaguar Land Rover Automotive PLC - (figures as per IFRS)

Retail sales for the quarter reached 137,463 vehicles, up 3.5% on the previous year led by the 2017 World Car of the Year, World Car Design of the Year and Women’s Car of the Year award- winning Jaguar F-PACE (up 86% year on year), following a sequence of successful market launches. Continuing strong demand was seen for well-established models such as the flagship Range Rover (up 14%) and Jaguar XF (up 22%), reflecting the successful launch of the long wheelbase model in China.

Sales were up year-on-year in China (30%) and North America (16%), while remaining stable in Europe (no change) and down in the UK (14%) including the timing impact of Vehicle Excise Duty introduced in April 2017.

Revenue for the quarter was £5.6 billion, up £244 million. Profit before tax was £595 million, up from £399 million in Q1 2016, including a £437 million one-off credit relating to recent changes designed to improve the sustainability of the Company’s defined benefit pension plans. This was offset by the expected seasonality of sales in Q1 following a strong Q4 of 2016/17, plus the continuation of launch and growth costs.

Dr Ralf Speth, Jaguar Land Rover Chief Executive Officer, said: "The foundation of our journey of sustainable, profitable growth continues to be our investment in products, plants and people as we become a technology-driven company. We continue to deliver rising volumes and revenues across the business, reflecting strong demand for new models such as the Range Rover Velar and established global award winners such as Jaguar F-PACE.”

Tata Daewoo Commercial Vehicles Co. Ltd - (figures as per Korean GAAP)

Tata Daewoo Commercial Vehicles Co. Ltd. registered net revenues of KRW 253 billion (approx. ₹1,443 crores) and recorded a net profit of KRW 18 billion (approx. ₹103 crores) in the quarter ended June 30, 2017.

Regards

Akash

 

[jagrover]

Minus that one time gain from JLR pension plans, results are weak. But better than the street estimates though. New Chandra also giving priority to domestic business turn around.

 

[jagrover]

Re: Nexon: Tata Motors Compact SUV Based on X1 Platform

Any idea what happened to Messi featuring Ads. After Tiago, no other models got Messi touch - Tigor and even their flagship Hexa. For such an important model like Nexon, they should come up with something innovative.

Issue with TML is this discontinuity. Dropped Messi/ exploiting his image for further launches. Or can we read it connecting to recent cost cutting efforts. Anyway their CV ads are featuring Akshay Kumar on a regular basis.

 

[carcommentor]

Re: Nexon: Tata Motors Compact SUV Based on X1 Platform

Any idea what happened to Messi featuring Ads. After Tiago, no other models got Messi touch - Tigor and even their flagship Hexa. For such an important model like Nexon, they should come up with something innovative.

Issue with TML is this discontinuity. Dropped Messi/ exploiting his image for further launches. Or can we read it connecting to recent cost cutting efforts. Anyway their CV ads are featuring Akshay Kumar on a regular basis.

Messi was convicted for tax fraud and sentenced to 21 months jail by Spain court. This has dented his clean image which is why TATA , like all others advertisers using Messi, have dropped him from ads temporarily. Messi is expensive! I hope TATA drops him all together for domestic car ads. He isn't worth the Gross Rating Points.

 

[Vishwas]

Posts Moved.

 

[tdcarlover]

The journey is surely a long one. Tata was on top of their game at one time with the Sierra, Indica, Sumo, Safari and Indigo doing well not so long ago.
A few flops and market competition and they are down.
However, i do hope the recovery is marked by reliable, value for money, honest cars. It may take time for trust to come back but it surely will. Luckily they have deep pockets to ride out a long slump. Many others may have closed shop a while ago.
My own take is that the Tigor is not doing so well and the Hexa and is doing just ok. The bolt is fading (though a v good car) and the Zest surviving on taxi sales.
The Tiago is the silver lining. I don't have too much hope of a knock out with the Nexon-they excitement cannot be kept for 2-3 yrs from expo to launch and the TUV, Brezza and Ecosport seem well entrenched. I think 1.5-2K sales a month after the initial euphoria may itself be a high target. However that would still leave them in 5th place!
The loss of 50% market share in the small CV and LCV space to M&M befuddles me. They had such a head start and now they are a distant second??
Well, at least they were smart to get out of Geneva and Truck racing.
meanwhile, my fond hero the Venture , seems to have been put to rest .On that sad note its time to end my soiree.

 

[Vishwas]

^^ To be exact, Tata cars has value for money, no doubts whatsoever and they're honest too never be questionable like them VWs and Skodas or GM for that matter,

Tigor is just launched, bad luck Dzire also came-back giving heavy blow for whole segment and it's like nobody can stop the latter's buyers.

We see a huge improvement in the products but what they lack is with the A.S.S part, which needs a heavy modification.

 

[vikyjoshi]

Mumbai to get swanky new Hybrid buses.

The Mumbai Metropolitan Region Development Authority (MMRDA) will soon introduce hybrid bus service in the Bandra Kurla Complex. The MMRDA, BEST and TATA officials on Thursday supervised the first bus of the 25-buses’ lot and approved it to be technically fit to ply the same on the route. The BEST will operate the day-to-day service. The buses will be plied between the BKC and Bandra, Kurla and Sion railway stations.

TATA will supply five buses every month to be plied on the stretch. The sitting capacity of each bus is 31 and the standing capacity is 28.

The minimum fare will be Rs.15 and maximum fare will be Rs.25.

Source: Mumbai gets 25 new hybrid buses | mumbai news | Hindustan Times

 

[Vishwas]

Mumbai to get swanky new Hybrid buses.
View attachment 230026
The Mumbai Metropolitan Region Development Authority (MMRDA) will soon introduce hybrid bus service in the Bandra Kurla Complex. The MMRDA, BEST and TATA officials on Thursday supervised the first bus of the 25-buses’ lot and approved it to be technically fit to ply the same on the route. The BEST will operate the day-to-day service. The buses will be plied between the BKC and Bandra, Kurla and Sion railway stations.

TATA will supply five buses every month to be plied on the stretch. The sitting capacity of each bus is 31 and the standing capacity is 28.

The minimum fare will be Rs.15 and maximum fare will be Rs.25.

Source: Mumbai gets 25 new hybrid buses | mumbai news | Hindustan Times

Looks cool and better than them marcopolos, guess the extra room in the roof is for power cells or solar cells, good luck for them.

 

[jagrover]

So this is a serious hybrid configuration. Tata-Marcopolo design looks so cool this time. Also the second generation SLF supplied for JNNURM also running successfully.
But there was another trial going on in Chandigarh for fully electric starbus version and that was not successful IIRC.

 

[navnit013]

I think that trials in Chandigarh is on. And its too early to predict results.

BUT for such heavy vehicles, is the technology ready for full electrics? Well, technology was always there (remember the trains are 2stroke diesel electric hybrids). Its the battery thats not ready.

 

[jagrover]

The Arbitral Tribunal has awarded a claim of nearly Rs. 326 crore to Tata Motors Limited (TML) against the DTC towards illegally recovered liquidated damages regarding delivery of buses in 2010, ahead of the Commonwealth Games.
Arbitral Tribunal Awards Tata Motors Rs. 326-cr Claim In Dispute With DTC | Live Law

Can be a source for one time income in Q2 this FY.

On the other hand, this is a worrying news.

Guenter Butschek, the fourth chief of Tata Motors since Ravi Kant retired in 2009, is now under the scanner over performance and changes he has been trying to make.
http://www.livemint.com/Companies/w7Qu655JmEtxY7yNDEFUIK/Tata-Motors-continues-to-face-leadership-challenges.html

If the MD is not given a space of his own, we may see another head putting his papers. On August 21st, we have the AGM and waiting for that to hear what they have in store. Whether PV business will be given lesser importance over CV or not.

 

[InsaneTurbo]

Tata Motors to launch new products under its CV arm:

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