Key Points
The closure of business is part of the company's product rationalisation programme under which it will focus on its core segments such as shared mobility transportation, last mile mobility and the creation of special vehicles for civil and defence applications, the company added...
In financial year 2023, the sale of agricultural tractors accounted for 3.66% of the company's total revenue, Force Motors said...
The company, which is known for its multi-seater passenger vehicles and also makes engines for BMW and Mercedes cars in India, earns about 48% of its revenue from vehicle sales, while about 36% revenue comes from contract engine manufacturing, according to its last annual report..
You might be interested in
BMW 7 Series Protection—top car that makes you rev up its engine & rock up to The Oberoi
18, Feb, 24It’s not built on the regular production line but put together by hand by highly trained engineers at BMW facilities in Dingolfing outside Munich.
Tata Motors to split passenger, commercial vehicles businesses into two firms
04, Mar, 24Tata Motors demerger: Auto maker said commercial vehicles business will be housed in one entity while passenger vehicles business would be part of other entity.
Tata Motors launches registered vehicle scrapping facility in Punjab
28, Nov, 23India Business News: CHANDIGARH: Leading automobile manufacturer Tata Motors has launched a registered vehicle scrapping facility (RVSF) in Punjab, which will be the compa.
Tata Motors to demerge passenger, commercial biz into two separate listed entities
04, Mar, 24New Delhi, Mar 4 (PTI) Tata Motors on Monday announced the demerger of its commercial and passenger vehicle segments into two separate listed entities to better capitalise on growth opportunities. The commercial vehicles business and its related investments would be housed in one entity while the passenger vehicle business, including electric vehicles, Jaguar Land Rover […]
Tata Motors' board approves demerging CV, PV businesses into two separate listed companies
04, Mar, 24Tata Motors' board approved the demerger of its business into two entities: commercial vehicles and passenger vehicle business. This follows the earlier subsidiarization of PV and EV businesses. The move aims to empower businesses for higher growth, agility, and accountability. The demerger will be implemented through an NCLT scheme, requiring approvals from the board, shareholders, creditors, and regulators.
Landmark Cars posts Rs 4,594 crore revenue for FY2023, up 36%
17, Apr, 23The company operates more than 110 vehicle outlets across India for brands such as – Mercedes-Benz, Honda, Jeep, Volkswagen, Renault, and BYD.
Tata Motors reshuffles key executives in passenger vehicle business
07, Jan, 24As part of the changes, Amit Kamat, general manager of the passenger vehicle business, has been elevated to chief commercial officer, TMPV. In his new role, he will oversee marketing, brand and customer experience for the fossil fuel-based business. All the operational heads directly responsible for these functions will report to him.
Tata Motors to develop software to control its electric powertrains
14, Jun, 23Tata Motors is training its staff and vehicle certifications to mitigate the risk of data privacy of consumers and vehicle hacking