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A Unit Transfer Agreement (UTA) for the purchase of the Gujarat-based factory has been signed by Ford India Pvt Ltd (FIPL) and Tata Passenger Electric Mobility Ltd (TPEML), both of which are subsidiaries of Tata Motors.
Tata Motors announced it has entered into a partnership with Axis Bank to offer an exclusive Electric Vehicle Dealer Financing solution to its authorized passenger EV dealers.
TML Smart City Mobility Solutions, the company to bring specific focus to its electric vehicles segment as a service offerings across its portfolio of passenger vehicles.
Tata Motors Ltd on Thursday reported the narrowing of their consolidated net loss to Rs 992crore for the quarter ended March 31, 2022. It is reported that the net loss was of Rs 7,605 crore a year-ago and Rs 1,516 crore in December.
Tata Motors Limited on Thursday announced its sales in the domestic and international market, for Q4 FY22.
Retails was descending across all regions reached to the preceding quarter, including China (-6.9%), Europe (-6.8%), North America (-11.8%), UK (-24.3%), and Overseas (-25.4%).
Tata Motors expect the global shortage of semiconductors and commodity inflation to continue affecting its operations for the foreseeable future but affirmed that the company is endeavouring to manage its impact.
Tata Motors started bookings for the Punch for Rs 21,000 on October 4. The Punch, planned on the platform used by the Altroz premium hatchback, obtained a crash safety rating of 5 from Global NCAP.
In a press release, Tata Motors stated that its total global wholesales in Q2 of FY22 were at 2,51,689, which is 24 per cent higher than the same period of FY21.
The Tata Motors passenger vehicle business registered 51% YoY growth in sales in August 2021.
The specifications of the model have not to be revealed yet, but it is assumed that the SUV will be equipped with the same 1.2-litre petrol engine as Tiago, Tigor, and Altroz.
Tata Motors has signed a Memorandum of Understanding (MoU), as a part of the Investment Promotion Activity, with the Government of Gujarat.
The Olympic sports players, who represented India in the games but by very little margin couldn’t acquire a bronze medal are reported to be gifted with an Altroz by Tata Motors as a token of gratitude.
The variant comes with a 2 years/75,000 km warranty and the Tata Tiago NRG would be competing with the Hyundai Grand i10 Nios and Maruti Suzuki Swift.
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