Tata Motors: The Story Of Epic Journey

[AbhisekVerma]

JD Power Ranks Tata ASS in Top 3!

JD Power Ranks Tata in Top Three List along with Hyundai and Maruti Suzuki as the turn-around proccess in the company is focused on the sales and after sales part

Vehicle owners in India are increasingly placing a greater level of importance on communication and interaction with the service advisor during their after-sales experience, according to the J.D. Power 2017 India Customer Service Index (Mass Market) Study,SM released today.

Read more at: https://www.thrustzone.com/jd-power-ranks-tata-top-three-list-providing-high-quality-sales-service/

 

[Nanofreak]

Re: JD Power Ranks Tata ASS in Top 3!

This is very evident in the approach of the SA, and the entire service team, I'm totally satisfied with TASS, their attention to the customers complaints and redressals.

My one year interactions with them.

 

[vikyjoshi]

Well now I hope i dont see the lines such as
"Tata ASS is hit or miss"
"Tata service is one to look out for"
"Tata service is still not upto the mark with the leaders"
or any other such statements which calls out TASS in negative light for any new Tata car review by the car portals, automotive websites. Hope the reviewers take due notice of this achievement.

Being in top 3 is no small task and has to be amongst the leader. Unless of course JD Power survey is rigged but then that would nullify the Maruti and Hyundai as well.

 

[Nanofreak]

Well now I hope i dont see the lines such as
"Tata ASS is hit or miss"
"Tata service is one to look out for"
"Tata service is still not upto the mark with the leaders"
or any other such statements which calls out TASS in negative light for any new Tata car review by the car portals, automotive websites. Hope the reviewers take due notice of this achievement.

Being in top 3 is no small task and has to be amongst the leader. Unless of course JD Power survey is rigged but then that would nullify the Maruti and Hyundai as well.

Very well explained, I've noticed that most of the TASS critics are non Tata car owners.

Hope this puts to rest the Tata Khujli , about TASS.

 

[Akash1886]

Tata Motors domestic sales grows by 5% in October 2017​

Commenting on the sales performance, Girish Wagh, Head, Commercial Vehicle Business Unit, Tata Motors said, “Tata Motors domestic Commercial Vehicle business grew by 7% over October 2016 on the back of strong product portfolio across segments and a further ramp-up in production. With increasing acceptance of our SCR technology, infrastructure development and higher demand for our new high tonnage vehicles especially the 37T multiaxle trucks and 49T tractor trailers, our M&HCV segment grew by 8% over last year. The I&LCV segment witnessed a growth of 7% in October 2017, with the new product introductions including the Ultra range. Pick up segment witnessed a consistent strong growth of 45% in October 2017 with Tata Xenon Yodha & ACE Mega XL gaining traction with increased demand across markets. With our business turnaround, our commercial vehicle business will continue to be our key focus and we will undertake appropriate measures to improve our performance across segments and cater to the discerning needs to our customers.”

Commenting on the sales performance, Mr. Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, said, “We continue to keep the sales momentum going, led by a strong product pipeline of Tiago, Tigor, and Hexa. We have successfully completed the launch of Nexon across the country and are delighted with the response and it is currently witnessing a waiting period of around 8 weeks. While we have grown, we could have done better had it not been for the long holiday season. We will maintain cautious optimism in the market and hope to see this momentum continue.”

Mumbai, November 01, 2017: Tata Motors Limited, a leading global automobile manufacturer today announced growth in October 2017, driven by strong sales performance in Pick-up (45%) & ILCVs (7%). The domestic Passenger and Commercial Vehicle Business, recorded a growth of 5% at 48,886 units, in October 2017, compared to October 2016, last year. This is at the back of festive demand across segments, increased positive customer sentiments and introduction of new products.

Domestic - Commercial Vehicles

Tata Motors’ overall commercial vehicles sales in October 2017, in the domestic market were at 32,411 nos., higher by 7% over October 2016. The sales grew on the back of a further ramp-up of production, growing demand for newly launched products and higher customer uptick owing to increased consumption across sectors, coinciding with peak festive season buying trends across segments. Cumulative sales growth of commercial vehicles in the domestic market for the fiscal (April-October 2017) were at 193,782 units, a growth of 5%, compared to 184,871 units, in the same period, last fiscal.

The M&HCV trucks segment grew by 8%, at 11,391 nos., in October 2017. This segment witnessed growth in demand due to increasing acceptance of Tata Motors’ SCR technology, infrastructure development led by government funding and restrictions on overloading creating greater demand for new high tonnage vehicles, especially for new 37T multi-axle trucks and 49T tractor trailers.

The I&LCV truck segment also saw an upward trend and grew by 7% at 3,760 units in October 2017, driven by the performance of new product introductions.

The pickup segment at 5,604 units in October 2017 reported a strong growth of 45% with the Tata Xenon Yodha and ACE Mega XL gaining acceptance and demand across markets while the SCV cargo segment with sales at 8,413 units, remained flat, over last year. The passenger carrier (including buses) segment sales were at 3,243 units were lower by 17%, over October 2016, as the fresh purchase from STUs and the release of permits have been subdued.

Domestic - Passenger Vehicles

In October 2017, Tata Motors passenger vehicles, recorded sales of 16,475 units, growth of 1%, over October 2016. This was supported by continued good performance of new generation vehicles Tiago, Tigor, Hexa and an excellent response received for the newly launched compact SUV, Nexon.

Cumulative sales growth of passenger vehicles in the domestic market for the fiscal (April-Oct 2017) were at 97,892 units, a growth of 10%, compared to 88,976 units, in the same period last fiscal.

Exports

The company’s sales from exports was at 4,311 nos., in October 2017, a decline of 32%, due to continued drop in TIV in Sri Lanka (by 53%) and Nepal (by 46%).

Regards

Akash

 

[Vishwas]

Very well explained, I've noticed that most of the TASS critics are non Tata car owners.

Hope this puts to rest the Tata Khujli , about TASS.

Can't say you're 100% right here, I am a Tata Owner and I know what kind of deal I went through when giving the car for service.

 

[vikyjoshi]

October 2017 sales for Tata
Tiago 6990 (enters top 10 cars sold in the country)
Hexa 1041
Storme 486
Nano 57
Sumo and Nexon : 3617
Tigor,zest, Bolt : 4284

Tigor may do around 2000 units
Nexon may do around 3000 units

 

[mayankdixit]

I so much wish TATA all the best.I sold 2 of my maruti hatchbacks and joined the tata bandwagon.May the homegrown major rise further and reach its deserving place,ie in top 3.

 

[tejRocket]

October 2017 sales for Tata
Tiago 6990 (enters top 10 cars sold in the country)
Hexa 1041
Storme 486
Nano 57
Sumo and Nexon : 3617
Tigor,zest, Bolt : 4284

Tigor may do around 2000 units
Nexon may do around 3000 units

Hexa deserves much more numbers. At least 2000. Sad to see such a good car struggling.

 

[Akash1886]

Hexa deserves much more numbers. At least 2000. Sad to see such a good car struggling.

When the Hexa was launched the production capacity was around 1200 units so considering that a sale of 1000+ units seems fine to me. Apart from that, if we are comparing with the numbers of Innova Crysta then lets also consider that Innova Crysta sells in commercial vehicle fleet too which is not the case with Hexa at present so around 600-700 units of Hexa could be allotted to commercial units if TML decides and then that figure of 2K units a months can be achieved. However, in the Nexon launch it was mentioned from TML that they are quite happy with the volumes their vehicles are selling. I personally feel, a drop of 200-300 units does not really matter if the brands work to correct the shortcomings in their products first. TML is doing it's fair bit to take care of the niggles and in the process if the sales of a particular car is a bit low it should not matter. A Niggle Free Product is more important than couple of 100-200 units sold more.

Regards

Akash

 

[vikyjoshi]

So like I expected
Nexon did 3099
Tigor 1945

 

[Akash1886]

Tata Motors reported a growth of 10% in Consolidated Net Revenue for Q2FY18 at ₹ 70,156 crores and a growth of 195% in Consolidated PAT at ₹ 2,502 crores








​

Key Highlights:

Tata Motors Standalone business:

With the ‘Turnaround’ plan starting to deliver, Tata Motors registers strong topline growth in MHCV, ILCV, SCV and pick-ups, complemented by favorable product mix and accelerated cost reduction efforts

Passenger Vehicles continue to build positive momentum on the back of new product launches and customer centric initiatives

Jaguar Land Rover business:

Strong customer demand for Range Rover Velar and other new models led to higher sales and higher profitability

Mumbai, November 9, 2017: Tata Motors Ltd today declared Consolidated Financial Results for the Quarter and Half Year ended September 30, 2017 – as per Ind-AS

Consolidated Results- For the Quarter ended September 30, 2017

Tata Motors reported Consolidated Revenue (net of excise) of ₹70,156 crores in Q2FY18 as against ₹63,577 crores for the corresponding quarter last year, though lower by ₹ 2,393 crores due to translation impact from GBP to INR.

Consolidated Profit before tax for the quarter was ₹ 3,081 crores, against ₹ 999 crores for the corresponding quarter last year. Consolidated Profit after tax (post profit / loss in respect of joint ventures and associated companies) for the quarter was ₹ 2,502 crores against ₹ 848 crores for the corresponding quarter last year, though lower by ₹ 112 crores due to translation impact from GBP to INR.

Consolidated Results- For the Half Year ended September 30, 2017
Tata Motors reported Consolidated Revenue of ₹ 128,807 crores in H1FY18 against ₹ 128,692 crores for the corresponding period last year. The Consolidated Profit before tax (before exceptional item) was ₹3,198 crores against ₹3,071 crores for the corresponding period last year. Post the exceptional items, the Consolidated Profit before and after tax (post profit / loss in respect of associated companies) for H1FY18 was ₹6,818 crores and ₹5,702 crores, respectively, as against ₹3,551 crores and ₹3,109 crores, for the corresponding period last year.

Tata Motors Standalone Results*- For the Quarter and Half Year ended September 30, 2017

The sales (including exports) of commercial and passenger vehicles stood at 152,979 units in Q2FY18, a growth of 13.8%, as compared to Q2FY17, with an impressive growth across segments - 28% in MHCV, 35% in ILCV, 38% in SCV and pick-ups. The passenger vehicles grew by 14.4% versus the corresponding quarter last year.

The revenues (net of excise) for Q2FY18 stood at ₹ 13,400 crores, as compared to ₹ 10,311 crores for the corresponding quarter last year, a growth of 30%. Operating profit (EBITDA) for Q2FY18 was ₹ 971 crores versus ₹ 336 crores for Q2FY17, a growth of 189%, with operating margin for Q2FY18 at 7.2%. Loss before and after tax for the quarter was at ₹ 266 crores and ₹ 295 crores, against loss before and after tax of ₹ 609 crores and ₹ 631 crores, respectively, for the corresponding quarter last year.

For the half year ended September 30, 2017, the revenue was ₹ 22,607 crores against ₹ 20,704 crores for the corresponding period last year, a growth of 9%. Loss before tax for H1FY18 was ₹ 733 crores against ₹ 571 crores for the corresponding period last year. Loss after tax for H1FY18 was ₹ 762 crores as against ₹ 605 crores for the corresponding period last year.

In order to accelerate the growth momentum and to bring the business back to profitability, Tata Motors took the transformation journey to the next level with business turnaround as an immediate priority. With Q1 performance below expectations, Tata Motors witnessed a month-on-month growth in sales and market share in Q2 outperforming the industry and reaching highest sales in Sep’17 in PV since November 2012 and in CV since June 2014.

The Commercial Vehicles business market share grew by 1.7% (Y-o-Y) and 3.9% (Q-o-Q) on the back of newly launched products, increased acceptance of SCR technology, improved stakeholders’ engagement and aggressive market activation, well complemented at back end by steep ramp-up of production. Positive market sentiments post the GST regime, government funding in infrastructure development and restrictions on overloading with a higher demand of high tonnage vehicles contributed to the growth story.

In Passenger Vehicles business, new products like Tiago, Tigor and Hexa continue to drive sales momentum. Tata Nexon, the newly launched compact SUV has received overwhelming response from the market and added to the positive excitement.

Mr. Guenter Butschek, MD & CEO Tata Motors, said, “After a challenging first quarter, Tata Motors has demonstrated impressive results with month-on-month growth in sales and market share, enabled by a slew of new product launches and customer centric initiatives. With our turnaround plan in full action, we are seeing encouraging results and we will continue to drive sustainable profitable growth to meet our future aspirations.”

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

Second-quarter retail sales rise 5% to 149,690 units year-on-year

Strong customer demand for Range Rover Velar and other new models

Revenues rise 11.5% to £6.3 billion,

Pre-tax profits increase 38% to £385 million

Higher sales and profits reflect the continued ramp-up of new models such as the Range Rover Velar, Land Rover Discovery, Jaguar XF Sportbrake, Jaguar F-PACE and, in China, the Jaguar XFL. Retail sales grew 5.1% to 149,690, with increases in China (27.4%) and the US (5.1%) offsetting lower sales in the UK and Europe. The EBITDA margin was 11.8% and EBIT margin was 5.2% in the quarter.

Dr Ralf Speth, Jaguar Land Rover Chief Executive Officer, said: “We have delivered solid growth in quarterly profit and revenues amid rising demand for our award-winning products. Although we are facing headwinds and uncertainty in some markets, Jaguar Land Rover is well positioned to deliver further global expansion.”

As part of the company’s ongoing product offensive, manufacturing expansion and new technology programme, Jaguar Land Rover’s investment spending was more than £1 billion in the second quarter. Investment spending for the full year is expected to exceed £4 billion.

Dr Ralf Speth concluded: "Our expanding product portfolio continues to excite and surprise; coming this next quarter customers have the all-new Jaguar E-PACE and new plug-in hybrid Range Rover and Range Rover Sport to look forward to as well as a key new model from our China joint venture. Looking ahead to the rest of the year, we will continue to focus on our strategic objective of achieving profitable, sustainable growth and will continue to adapt and innovate in the current challenging market conditions.”

For the half year ended September 30, 2017:

Retail sales were 287,153 units

Revenues were £11.9 billion

Pre- tax profit was £980 million (including one time of £437 million relating to changes made to pension plans in Q1 FY 18)

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

In Q2FY18, Tata Daewoo Commercial Vehicles Co. Ltd. registered net revenues of KRW 230.8 billion (approx. ₹1,315 crores), a decline of 3% versus the corresponding quarter last year and recorded a net profit of KRW 13.2 billion (approx. ₹75 crores), a 75% jump versus Q2 FY17.

For H1FY18, net revenues were KRW 484.0 billion (approx. ₹2,759 crores), a decline of 4% versus the corresponding period last year and net profit was KRW 30.8 billion (approx. ₹176 crores), a 49% jump versus H1FY17

The Financial Results for the quarter ended September 30, 2017, are enclosed.

Regards

Akash

 

[gearhead2]

JLR puts Tata Motors in high gear

Got the above in my in-box (The Hindu BusinessLine) this morning. Makes for interesting reading ( JLR puts Tata Motors in high gear | Business Line) and is also a relief that TM is actually pulling out of the doldrums of the past few years and seems well on the path to a galloping recovery!

 

[Akash1886]

Tata Motors joins hands with Energy Efficiencies Services Limited for energy saving measures

Aims to achieve significant energy saving by implementing efficiency measures across Tata Motors’ manufacturing facilities and extended value chain​

Mumbai, November 14, 2017: Tata Motors Limited has signed a Memorandum of Understanding (MoU) with Energy Efficiencies Services Limited (EESL) to achieve energy saving and resource conservation by implementing various energy efficiency initiatives across the company’s manufacturing facilities in India.

The energy efficiency programme will be implemented in Tata Motors’ manufacturing plants located at Pantnagar (Uttarakhand), Lucknow & Pune in the first phase, and will be later extended to other facilities. EESL will undertake the complete upfront investment for the energy efficiency programme, with zero investment from Tata Motors. The overall implementation period for the programme will be two years.

Speaking on the initiative, Mr Saurabh Kumar, MD, EESL, said, “Indian businesses are increasingly adopting energy efficiency measures and are significantly contributing to the efforts of the Government. This MoU is big step towards companies proactively adopting such simple yet effective measures. We are proud to partner with Tata Motors and enable them to become efficient in their energy use across facilities. I am sure we will see more and more industries come forward the similar manner to be benefited by higher efficiency in their facilities and at the same time contribute to the country’s journey towards being a low carbon economy."

Mr. Guenter Butschek, CEO & MD, Tata Motors Ltd. said, “Tata Motors has always been at the forefront of energy conservation initiatives. By executing innovative and sustainable solutions such as re-cycling of treated effluents, hazardous waste management and rainwater harvesting, Tata Motors has optimized its operations and ensured optimum resource utilization. Collaborating with EESL is a step further in this direction. By implementing energy efficient solutions, we are accelerating our efforts to reduce our carbon footprint in the form of lower greenhouse gas emissions, towards a cleaner future.”

Key Highlights of the MoU between TML and EESL:

Diagnostic Studies & Pilot Projects

Energy audits for selected plant facilities to identify avenues for energy saving in electrical and thermal utilities

Water audits to identify areas/means to reduce specific water consumption

Pilot studies on Cross-Cutting technologies like

Tri-generation or VAM system for existing chiller based AC installation

Waste Heat Recovery System

Fuel switching: Electrical to Gas, Conventional to non-conventional

Implementation of Energy Efficiency Projects through innovative financial models

Installation/distribution of LED Lights and Energy Efficient appliances (Fans and/or Air Conditioners) across the facilities of TML, and supply-chain entities

Installation of energy efficient motors (IE3 type) in place of conventional motors

Installation of Smart Meters

Capacity Building & Training

Technical training to plant executives on various topics pertaining to Energy Management, Maintenance Management, Water Management and Safety Engineering

Create cadre of energy professionals i.e. certified energy managers and auditors

Facilitation in Certification and Recognition: National Energy Conservation Award, Green Building etc.

About EESL

Energy Efficiency Services Limited (EESL), under the administration of Ministry of Power, Government of India, is working towards mainstreaming energy efficiency and is implementing the world’s largest energy efficiency portfolio in the country. By 2020, EESL seeks to be a $1.5 billion-dollar (Rs 10,000 crore) company putting together all the programmes of EESL. Thus far, EESL has distributed over 27 crore LED bulbs and retrofitted 36.54 lakh smart LED streetlights across India through self-sustaining commercial models. It has pioneered innovative business approaches to successfully roll-out large-scale programs that allow for incentive alignment across the value chain and rapidly drive transformative impact. EESL aims to leverage this implementation experience and exploit new opportunities in overseas market for diversification of its portfolio. As on date, EESL has begun its operations in UK, South Asia and South-East Asia.

Regards

Akash

 

[Akash1886]

Tata Motors Domestic sales grows by 58% on the back of strong Commercial and Passenger Vehicles sales performance

Key growth drivers: M&HCV (88%), ILCV (76%), SCV (77%), Pickups (53%) and Passenger Vehicles (35%)​

Commenting on the sales performance, Girish Wagh, Head, Commercial Vehicle Business Unit, Tata Motors said, “Tata Motors domestic Commercial Vehicle business grew by 72% over last year on the back of strong product portfolio across segments and a further ramp-up in production. The M&HCV segment grew by 88% over last year due to increasing customer acceptance of the Tata Range of BS4 vehicles with superior SCR Technology, infrastructure development led by government funding and a move towards higher tonnage vehicles leading to an increased demand for our newly launched 49T in tractors and the 37T multi axel trucks, supported by a sustained increase in production. While ILCV trucks grew by 76% over last year, the SCV Cargo segment witnessed a consistent strong growth of 69% over last year with continued acceptance across markets for our Tata Xenon Yodha and Ace Mega XL. The commercial vehicles industry has significantly improved and the sector has bounced back strongly after the hiccups surrounding the BS4 transition, GST implementation and demonetization that impacted the transport industry.”

Commenting on the strong sales performance in November 2017, Mr. Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, said, “On the back of good demand for our new generation cars – Tiago, Tigor, Hexa and our recently launch compact SUV, Nexon, we continue to maintain a robust growth trajectory and have grown by 35% in November 2017. Keeping the growing demand in mind, we have ramped up production of the Nexon and recently rolled out the 10,000th Nexon from the assembly line. We will continue our efforts to meet the growing demands and provide the best in class services to our customers.”

Tata Motors Domestic sales grows by 58% on the back of strong Commercial and Passenger Vehicles sales performance

Key growth drivers: M&HCV (88%), ILCV (76%), SCV (77%), Pickups (53%) and Passenger Vehicles (35%)

New Delhi, December 1, 2017:

Tata Motors Limited, a leading global Automobile manufacturer today announced strong sales numbers in November 2017 continuing its turnaround trend of the past few months. The Commercial and Passenger Vehicles sales performance in domestic market in November 2017 was at 52,464 units, a growth of 58%, over last year due to growing demand across segments, introduction of new products and strong customer initiatives.

Domestic - Commercial Vehicles

Tata Motors’ Commercial Vehicles sales in domestic market in November 2017 were at 35,307 units, a growth of 72% compared to 20,538 units in November 2016. The commercial sector has bounced back strongly after the initial disruption in the market, surrounding demonetization and the BS4 transition that largely affected the transport industry last year. Consumption driven sectors have shown an uptick in sales, since July 2017 and continue even after the festival season. The increased demand for vehicles across segments and production ramp-up of the new range of BS4 vehicles has given a strong boost to the overall sales growth. The cumulative sales performance of commercial vehicles in domestic market, grew by 11.5%, over last year and continues to grow month on month.

The M&HCV trucks segment was at 12,851 units, higher by a strong 88%, over last year led by the sustained increase in production as well as the strong customer acceptance of the superior range of Tata Motors’ BS4 vehicles. The sales growth was also driven by the success of Tata Motors’ innovative SCR technology, which has been well accepted by customers. Increased demand for the new tonnage vehicles, infrastructure development led by government funding and keen focus on customer requirements has helped reviving the M&HCV performance.

The I&LCV truck segment at 3,984 units grew by 76% over last year driven by the performance of new product introductions and continued demand.

The pickup segment sales grew by 53%, over last year at 4,685 units as the recently launched Xenon Yodha continued to gain acceptance and volumes across markets. The SCV sales at 10,265 units, witnessed a growth of 77%, over last year at the back of strong response to Mega XL range. The commercial passenger carrier segment (including buses) were at 3520 units, grew by 36.5% over last year.

Domestic - Passenger Vehicles

In November 2017, Tata Motors Passenger Vehicles sales performance was at 17,157 units, growth of 35%, over last year. This was led by the strong growth momentum of new generation Tata cars. To meet the growing demand of its recently launched compact SUV, Tata Nexon, Tata Motors has ramped up its production and in November 2017, the company rolled out the 10,000th Nexon from its Ranjangaon facility.

Cumulative sales growth of Passenger Vehicles in the domestic market for the fiscal (April-Nov 2017) were at 115,049 units, a growth of 13% percentage, compared to 101,712 units, in the same period last fiscal.

Exports

The company’s sales from exports was at 4,927 nos. in November 2017, a decline of 12%, due to drop in volumes in key Commercial Vehicles International Business markets such as Nepal and Sri Lanka. Market share for Commercial Vehicles International Business in all the key markets continue to remain strong and have grown during this fiscal year.

Regards

Akash