Company: Tata Motors Ltd.

The rationale for the revision is the weak outlook on the performance of JLR.
Aug. 20, 2019, 8:44 a.m.

Components firms Sundaram-Clayton, Lucas-TVS also announce closures
Aug. 16, 2019, 10:11 p.m.

CRISIL Ratings downgraded the automakers long term rating from CRISIL AA/ Negative to CRISIL AA-/ Negative while it kept the short term rating unchanged at CRISIL A1+, the company said in the filing.
Aug. 16, 2019, 12:04 p.m.

Check out the companies which will be in focus during trade today based on recent and latest news developments.
Aug. 16, 2019, 8 a.m.

Global wholesales of all passenger vehicles in July 2019 were at 52,432 nos., grew by 4%, compared to July 2018.
Aug. 13, 2019, 1:57 p.m.

Ratings agency S&P has reaffirmed Tata Motors’ long-term issuer and issue credit ratings to be ‘vulnerable to non-payment’ while keeping the outl
Aug. 12, 2019, 4:12 p.m.

Ratings agency S&P has reaffirmed Tata Motors' long-term issuer and issue credit ratings to be 'vulnerable to nonpayment' while keeping the outlook negative. S&P Global Ratings said it has reaffirmed 'B+' on Tata Motors' long-term issuer and issue credit ratings while keeping negative outlook due to high cash burn at its British arm Jaguar Land Rover, geopolitical risks such as Brexit and the US tariffs, and India's automotive market slowdown. The ratings agency has also removed the company from CreditWatch stating geopolitical risks could take longer than expected to play out. "We expect Tata Motors' cash flow to stay negative at least for the next 12-24 months until global automotive demand recovers, the company's Chinese operations stabilise, and the expected cost cutting restores its financial health," S&P said in a statement. Tata Motors' first-quarter fiscal 2020 performance remained weak, despite expectations of a recovery over the next 12-24 months, it added. "In
Aug. 12, 2019, 1:40 p.m.

Home grown auto majors Tata Motors and Mahindra & Mahindra (M&M) are suspending automobile manufacturing in order to adjust production with market demand. M&M on Friday said it will be suspending production for 8-14 days in the ongoing quarter while Tata Motors also confirmed taking steps to align manufacturing with tapering demand. In a regulatory filing, M&M said it would be observing 'no production days' in various plants for 8-14 days during the second quarter of 2019-20. When contacted, a Tata Motors spokesperson said,"as indicated earlier, external environment remains challenging, leading to demand contraction. We have aligned our production to actual demand and adjusted the number of shifts and contractual manpower". The companies are announcing production suspension at a time when the domestic auto industry has been going through one of the longest sales slumps. In April-July, M&M's total domestic vehicles sales dipped 8 per cent to 1,61,604 units as ...
Aug. 9, 2019, 7:20 p.m.

The company is halting its vehicle production activities to align its inventory according to the current market demand across both plants, including the JLR unit in Pune.It manufactures passenger cars and commercial vehicles at the Pune plant. The Jamshedpur unit rolls out commercial vehicles
Aug. 8, 2019, 5:16 p.m.

Tata Motors has announced a three-day block closure at its Pimpri Chinchwad (Pune) plant.A Tata Motors spokesperson told BusinessLine: “The external
Aug. 7, 2019, 10:15 p.m.