After the Indian auto major, Tata Motors has inaugurated its Sanand plant recently; the company has set a target to raise production of Nanos to 1,200 a day. However, the ambitious target of the company has put a lot of pressure on automobile parts suppliers struggling to meet frenzy for cars.
Finally Nano rolled out but its not in West Bengal, rather it's in Ahmedabad, Gujarat.
After a long dilemma and tension, the world's smallest and cheapest car has found its destination. The new plant at Sanand has produced the most hyped car of the decade. And this has been a great political victory for the Gujarat Chief Minister Mr. Narendra Modi. After a stormy political upheaval at West Bengal lead by Mamta Benerjee, Tata had decided to shift the plant to this place. It was to set up at Singur.
In a much-awaited move, Tata Motors announced the inauguration of Sanand facility on Wednesday. It may be noted here that the Sanand unit will be dedicated for the manufacturing of its world's cheapest car, the Nano's.
Moreover, the announcement came nearly two years after it was forced to shift the plant out of West Bengal over a land row. While it was around seven years ago that Ratan Tata made his dream of making an Rs. One lakh car public, the Sanand facility was inaugurated by the Gujarat Chief Minister Narendra Modi and Tata Group Chairman Ratan Tata.
Technical analyst Atul Badkar of Edelweiss Securities is of the view that investors can 'buy' Tata Motors stock with a target between Rs 820-830.
According to analyst, the interested investors can achieve the target with in a period of 1-2 months.
Today, the stock of the company opened at Rs 745 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 882.20 and a low of Rs 265.05 on BSE.
Current EPS & P/E ratio stood at 34.05 and 21.58 respectively.
After the small wonder from Tata Motors, Tata Nano caught fire in three separate incidents, an internal probe, jointly done by an independent forensic expert from the UK and a technical investigative team recently declared the car to be a safe product for the Indian consumer.
The investigation, conducted by a 20-member Tata Motors' team, concluded that the Nano is safe and the recently-reported fire incidents were not related to any manufacturing defect.
Indian automobile major, Tata Motors said on Saturday that from Monday all the owners of Tata Nano will be contacted for free inspection of their cars.
This practice will go on for a few weeks and the owners will not have to spend a penny for getting their cars checked.
The study is part of the comprehensive investigations that are being done by Tata. The exercise was started when some of the Tata Nanos caught fire earlier during this year.
Amidst the problems that Tata Nano is facing and the exit of Rajiv Dube, Director-Passenger cars, Tata Motors, the company has launched the new version of its sedan, Indigo in the Indian market.
A move that is considered to heat up the competition in the A3 and A3+ segment, the company has launched an advanced version of 'Indigo CS' in both petrol and diesel modes in the Indian market. The company has priced the product in the range of Rs 4.07 lakh and Rs 5.13 lakh (ex-showroom, Delhi).
The small wonder from the auto major Tata motors, Tata Nano apart from being the world's cheapest car has now started to lure even the global critics and experts within a short span of time after its launch in the Indian market. Notably, the product has won the Gold prize under the Best New Product segment within the Transportation category at the prestigious 2010 Edison Awards.
While the testing for the product will begin by the year-end, Land Rover recently said that its first diesel hybrid sports utility vehicle will hit the roads by 2013. Code name 'range_e' the Tata-owned Land Rover said in a statement that the use of hybrid technology will play a significant role in the coming times and the Land Rover Diesel with the hybrid technology will be available by 2012 and will be seen on the roads by the year 2013.
According to the sources close to the matter, the Sanand plant is ready to begin commercial production and may start its process by the month of June in the Indian market. Moreover, sources in the state government confirm that the Chairman of the Tata Group Ratan Tata will be in town on the 2nd of June wherein the plant will be inaugurated by the Chief Minister of Gujarat, Narendra Modi.
While the officials of the company declined to comment, it has been learned that the Sanand plant started trial runs in December last year and the company is now aiming to produce 200 Nano cars per day from the current
The automobile veteran that has played a major role in Tata Motors in resurgence of the Indica hatchback and the success of the Indigo Manza, the president of the Passenger Car segment of Tata Motors has resigned from his post and is expected to firm up his future plans in the next four-six weeks.
According to sources familiar with the matter, Rajiv Dube, President of the Passenger Car Division at Tata Motors Ltd. has resigned from his position. He will now be looking at various opportunities beyond the core automotive arena.
Though it was not clear what has prompted the veteran to resign from his position, sources said that he is in talks with a conglomerate that doesn't operate in the automobile business for an opportunity, which he has been looking at for long.
The Tata Motors Group global sales, including Tata, Tata Daewoo and Hispano Carrocera range of commercial vehicles, Tata passenger vehicles together with distributed brands in the country, and Jaguar and Land Rover, stood at 77,732 units, up 53% during the last month (April).
The company said that sales of all commercial vehicles during April increase by 40% to 34,470 units.
The company's passenger vehicles sales during the same month jumped 66% to 43,262.
Jaguar Land Rover worldwide sales during the last month surged by 61% to 17,909 units.
After Ratan Tata made his dream of launching a car priced at Rs. One lakh true in 2009 when it officially gave the keys of its first owner, the small wonder from the Tata Motors stable was believed to create magic in the Indian automobile industry.
However, the fact that it still hasn't reached a state of high volumes, the road has still many miles left for Nano to cover.
Technical Analyst Ashwani Gujral has maintained 'buy' rating on Tata Motors stock to achieve a medium term target of Rs 870.
According to Mr. Gujral, interested traders can purchase the stock with a stop loss of Rs 785.
Today, the shares of the company opened at Rs 820 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 882.20 and a low of Rs 255 on BSE.
Current EPS & P/E ratio stood at 34.05 and 23.51 respectively.
On May 10, Tata Motors Ltd decied to lift up INR1 billion by selling bonds.
The third largest passenger car maker in the country, Tata Motors Ltd has appointed Timothy Leverton as head of its engineering, research and development (R&D) division.
Tata Motors has launched a new version of Indica Vista in the capital of India. The latest vehicle included to India Vista range is the Indica Vista Drivetech4 from Tata Motors.
The World's cheapest car, Tata Nano may have got the much-desired hype at the earlier stages, but today, it is very easy for the consumer to get hold of the Tata Nano despite the fact that the company has closed its bookings for the time being.
In fact, the consumer can get it readily available with the dealers as they possess unsold stock but it is also available in the used car market from the past three months.
It gives little surprise to analysts to note that the home-grown automotive giant Tata Motors is losing on the market share in the Utility vehicle segment slowly and steadily to the market leader in the segment, Mahindra & Mahindra owing to dwindling sales of Safari and the absence of refreshes or new launches by the automotive player.
In fact, it may be noted here that during the 2009-10 period the sales in the UV segment zoomed up by 21% at 272,733 units that was decent enough as compared to the 26% growth attained by the overall industry.
While the home-grown automaker, Tata Motors is expected to be on the brink of gaining momentum as far as the volumes for the world's cheapest car, Tata Nano is concerned, it is learned that the company is also working on a plan to launch another small car in the Indian market.
The product is expected to debut in 2012 that will be launched with an 800cc engine in the domestic market.