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Filed under: Car Buying , Trends , Etc. , Earnings/Financials , India , Tata Even when you (intend to) make the cheapest brand-new car in the world, you can't escape an economic downturn. Global jitters and year-end hemming and hawing have conspired to slice Tata's December sales figures nearly in half compared to a year ago. December is a traditionally slow month for auto sales as buyers try to put off expenditures until the next year (when incentives are more attractive on existing stock), but even accounting for the bargain hunters, this is a major drop. Everyone, everywhere is down, and Tata Motors stock has taken a beating thanks to the economy and costly external issues like plant troubles . That said, recent interest rate cuts have buoyed company shares in hopes that the Nano (not to mention Saint CarBuyer) will soon arrive, and if nothing else, they still have the Indica's longevity to celebrate. Gallery: Tato Nano - Live from Geneva [Source: Reuters ] Tata Motors sales...
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Filed under: Hatchbacks , India , Tata , Special/Limited Editions This cute little guy is the Tata Indica Vista , a special edition created to celebrate ten years of Indica sales. The Indica has perennially been one of India's best selling cars, as well as being Tata's prime mover. Given credit for greatly lifting the fortunes of the company, the Indica walks off with 78% of sales among the cars built on its platform (like the Indigo and Marina ). With design elements that might be generously taken from Ford's European design language, the Vista's changes from the regular Indica are all cosmetic. It will get a specially designed number plate, an interior with better materials and design, an integrated audio system and double-stitched seats. It will come in a selection of colors and a variety of wheel options, and if you're keen on the Vista, you can even read a review . For the rest of you, the full press release is after the jump. Let's hope Tata can create the...
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Filed under: Government/Legal , Jaguar , Land Rover It seems like it was just yesterday when Tata agreed to take Jaguar and Land Rover off of Ford Motor's hands for $2.3 billion. But it probably feels like forever for Tata, as a global automotive crisis followed almost immediately after the purchase. The Indian automaker has already pumped hundreds of millions of pounds of working capital into the struggling brands and now Tata is adding "tens of millions" more to stave off an immediate cash crisis. The cash infusion came after the British government also promised tens of millions of pounds to Jaguar and Land Rover, which employs thousands of British workers. "Tens of millions" doesn't exactly sound like a lot of money in the wake of $17.4 billion dollars in loans given to GM and Chrysler, but Jaguar and Land Rover operate on far smaller scales than its American counterparts. Jaguar and Land Rover has seemingly struggled forever, but after sampling the excellent...
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Filed under: Motorsports , Marketing/Advertising , Ferrari , Tata An historic event will take place at the start of the 2009 Formula 1 season as Italian Ferrari grand prix cars will be emblazoned with the logos of an Indian automaker for the first time ever. Tata Motors, a subsidiary of the Tata Group, has purchased rights to sponsor Ferrari's F1 racing efforts. Details of the duration and the dollar amount have yet to be revealed. This isn't the first time Tata has been involved with F1, however. A few years back, it was a sponsor of both Jordan and Williams' F1 efforts. The partnership is not as left-field as it might initially seem, as Fiat (which owns the Prancing Horse) has a few joint ventures with the Indian automaker. Ferrari, being a very small manufacturer of roadgoing supercars, requires sponsorships such as this to continue racing in such expensive series as Formula 1. For Tata, placing its corporate logos on Ferrari race cars outwardly associates them with one of...
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Filed under: Economy , Hatchbacks , Tata Click above for high-res image gallery of the Tata Nano The Tata Nano's claim to fame is its budget $2,500 price tag. You'd have trouble picking up a 1995 Honda Civic with 140,000 miles on it for that price. But what do you get for the price of a lawn tractor? How about a 624cc 33-hp motor mated to a four-speed manual transmission, for starters. That potent combo will propel any lucky Nano driver from 0-60 in 17 seconds. Add some groceries and a passenger (or a slight uphill grade) and we're guessing you'll never see 60 mph in any time frame. CAR Magazine in the UK recently became one of the first publications in the world to drive the Nano and did mention that it has a compliant ride, which is quite a feat considering the MSRP. The Nano also has options like a radio and air conditioning, but if you ever want to go faster than 50, we'd advise you skip the freon. Tata is looking to remedy this "performance" problems with...
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Filed under: Government/Legal , Hirings/Firings/Layoffs , Chrysler, LLC. , GM , Nissan , Renault , FIAT , Tata , Rumormill Bob Nardelli, Chrysler's current CEO, has given his employees the closest thing to an admission as we are likely to see that the company has been in serious negotiations with other automakers regarding future product plans and possibly even mergers. As has been widely reported over the weekend , Chrysler has apparently had discussions with General Motors regarding a tie-up between the two automakers, and the rumormill is churning away with stories that GM isn't the only suitor. Carlos Ghosn already has a history of merging automakers, and his Nissan/Renault partnership has naturally been recalled as a possible mate with Chrysler, as have Fiat and Tata Motors. Remember that there's nothing concrete here to report, just speculation. At this point, all we know is that Nardelli admits that there are "third parties who are interested in exploring future...
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Filed under: Coupes , Economy , India , Tata Click above for high-res gallery of the Tata Nano The Tata Nano may be the most expensive vehicle ever to be the cheapest new car on earth. Violent protests at one of the car's planned assembly sites have gotten so rampant that the Indian automaker is near a deal to exit the nearly completed West Bengal facility all together. Just a few days after a supplier CEO was killed by a mob of protesters, two body guards were also assaulted at the contentious facility. The controversy in West Bengal centers around the land that local farmers lost to the $200 million Euro facility, and with the building nearly complete, it's hard to believe that land will be returned any time soon even if Tata did abandon the region. Word out of India is that the state of Karnataka has offered Tata Motors 1,000 acres plus incentives to move Nano production there , and the local media is reporting that Tata is going to announce plans as early as next week. We're...
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Filed under: Economy , Etc. , Plants/Manufacturing , Hatchbacks , India , Tata The Tata Nano, which will be the world's least expensive car, has already exacted enormous sums of money and time. A dispute over the location of a new factory has cost Tata close to a year of court wrangling and might end up spoiling a £200 million investment. Now the efforts to build the Nano have cost a life. Unhappy workers were invited to a meeting with Indian and Italian executives of Cerlikon-Graziano Transmissions, which makes auto parts, to discuss reinstatement. Only a few workers were in the meeting, but more than a hundred were waiting outside. When those outside heard someone inside call for help, they rushed in, and in a mob fog anger, bludgeoned the company's operations head, Lalit Kishore Choudhary, to death. It was later reported that some of the folks involved in the melee weren't even employees of the company. What Tata will need to urgently figure out is where it needs to...
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Filed under: Jaguar , Land Rover , Tata Fans of our monthly By the Numbers posts may have noticed the conspicuous absence of sales data for both Jaguar and Land Rover over the past few months. The reason we haven't included their sales figures is because we haven't been able to find them since Ford handed over ownership of the two British brands to Tata. The automaker from India says that it will no longer report U.S. sales data for its two newest assets because of what it calls a strategy that "stresses quality over quantity." A spokeswoman for Jaguar tells Ward's Auto that the brands were forced to report their numbers when owned by Ford and now, since they're privately owned by Tata, they don't have to. She also notes that the sales figures could create a "distorted and potentially harmful commentary." Yeah, we suppose that happens when you sell a fraction of what your competition does. Still, Jaguar is missing out on an opportunity to revel in...
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Filed under: Crossovers/CUVs , Land Rover Click above for high-res gallery of the Land Rover LR2 HSE The LR2 gives Land Rover a semi-affordable entry model that is much more fuel efficient than the rest of the luxury SUV-maker's lineup. To help keep LR2 sales strong in a car market that is increasingly tougher for crossovers and SUVs, Land Rover is reportedly looking at adding a third row of seats by 2010. So the question is, how does Land Rover differentiate the seven-seat LR2 from the five-seater? Sometimes an automaker will just increase the number in the model's name by one, but that apparently doesn't work well with the luxury automaker's brilliantly simple naming convention. One idea is to shuffle names around to differentiate the two LR2 models. The seven-seat LR2 could be called the LR3, while the current LR3, a different model entirely, would then get bumped up to LR4 status. We understand there aren't many options for Land Rover, but shuffling around model...
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Filed under: SUVs , Jaguar , Land Rover Land Rover sales are tanking along with the rest of SUVs sold here in the States and in Europe, but strong sales in China and Russia are keeping Tata's new luxury SUV brand to within 3% of last year's sales volume. Encouraging sales in emerging markets isn't enough, however, for the Indian automaker to keep from cutting production to hedge against a further worsening of market conditions. In an effort to keep production in line with sales, two shifts have been cut from the Solihull Land Rover plant and 300 workers have been moved to the Castle Broomwich Jaguar plant. Tata is also executing production cuts at the Halewood Jaguar factory where the perpetually disappointing X-Type is produced. With Land Rover making up all the profits between Tata's two newly owned British Marquees, the Indian automaker is keeping a keen eye on production to make sure the luxury SUV brand continues to bring in profits. If sales begin to slip further,...
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Filed under: Economy , Plants/Manufacturing , Hatchbacks , FIAT , Tata Click above for high-res gallery of the Tato Nano Fueling speculation that the Tata protests last week may have been much more effective than originally reported, India's Tata Motors Ltd has said it will move the upcoming Tata Nano plant from its planned eastern India location if the violent protests don't end. The tension is between the industry that is pushing for the 1,000-acre plant and the farmers who wish to retain the land for agricultural use. After the unveiling of the plant in January, which was hailed by the state's ruling Communists, the protests have been gathering steam. It eventually led to the violent clash last week as more than 1,000 people marched against the planned facility. The announcement from Tata Motors is significant as the company has invested more than 1,500 crore rupees ($350 million) in the project so far, and there is no alternate plan to replace the facility at Singur (although...
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Filed under: Economy , Government/Legal , Plants/Manufacturing , India , Tata Click above for a high-res gallery of the Tata Nano Raze 1,000-acres of farmland to build an automobile factory, and somebody is going to protest. Even in India. The automaker is Tata, and the protesters numbered at least 1,000 strong as they went head-to-head against police in eastern India yesterday at the future manufacturing site of the Tata Nano (rumored to be the world's cheapest car at just $2,380). The protests are rooted deeper than just "open space" issues. In fact, the real tension is between India's ruling party, and the communist-run government in West Bengal where the plant is to be located. The farmers are unwilling to part with their agricultural livelihood, while the government continues to promote industry. After blocking a highway for a few hours, the stick-wielding protesters were dispersed without injuries. Once again, progress wins out over pastures. Gallery: Tata Nano ...
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Filed under: SUVs , HUMMER , India , Tata Despite assurances from top GM brass, every bidder for the troubled HUMMER brand appears to be removing itself from the rumormill. Considered one of the strongest suitors interested in the off-road marque, India's Mahindra is the latest brand to pull out of consideration. According to Vice Chairman Anand Mahindra, "There has been a lot of speculation. I want to say categorically we are not pursuing HUMMER." That sounds pretty definitive to us, leaving Tata Motors as the only company from India still reportedly interested. Russian billionaire Oleg Deripaska has pulled his name out of the mix, as has China's Hunan Changfeng Motor Co . Until an official announcement is made, all of this is just speculation, but we have to wonder just how valuable the HUMMER brand could possibly be now that its sales have plummeted so far and so fast. [Source: Automotive News - sub. req'd] Read | Permalink | Email this | Comments
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Filed under: Sedans/Saloons , Jaguar , Tata , Rumormill The Jaguar XF has been a shot of adrenaline for the perpetually struggling leaping cat, as sexy lines and ample performance are adding new customers to the brand. We love the balance of the naturally aspirated V8 and the ample bite of its supercharged sibling, but we'll always be agreeable with the prospect of more power. Spy photos have shown us that an even more vicious feline is on the horizon with a blown 5.0L V8 that cranks out north of 500 ponies. The folks over at Auto Telegraaf are reporting that the XFR will be unveiled at the Detroit Auto Show next January, which would give Jaguar a big introduction at North America's biggest auto show. We liked what we saw when the XFR made its cloaked debut at the Goodwood Festival of Speed (that graphic on the side should so be an option), and we're looking forward to seeing Tata's most powerful vehicle when it hits Detroit. Gallery: Jaguar XF-R [Source: Auto Telegraaf...
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