New Delhi: Aditya Birla Group, Tata Motors and LIC have emerged as top three companies this fiscal, out of 40 leading firms in India, in terms of reputation, as per a study by information and insights provider Nielsen.
As per Nielsen's Corporate Image Monitor 2012-13, conglomerate ITC ranked fourth while IT majors Infosys and Wipro are tied at the fifth spot in the survey that has been designed to track reputation of leading Indian companies and provide actionable insights that help companies build their corporate brand.
New Delhi: That Tata Motors is in serious trouble in the domestic passenger vehicle market is no longer in doubt. According to a report by Morgan Stanley analysts Binay Singh and Shreya Gaunekar this morning, the company has lost more than five percent market share in cars and MPVs in 12 months ending this February to settle at 9.7 percent while its UV market share has more than halved to 5.5 percent from 15.3 percent in the same 12-month period.
In February alone, the company saw year-on-year 62 percent decline in domestic sales of cars and UVs at 10,613 vehicles. A story in the Economic Times speaks of market share in passenger car segment falling to its lowest level of 4.9 percent in February in a decade. While it is true that the passenger car market is declining itself but Tata's steep fall is much faster than anyone else's and this is where the concern arises from. Is it time to give up on Tata Motors?
FIAT CEO Sergio Marchionne (L) shows Chairman of India's Tata Motors, Ratan Tata, details of the new La Ferrari hybrid model car after its World premiere presentation at the Italian car maker's booth during the 83rd Geneva Motor Show on March 5, 2013. The Geneva International Motor Show opened its doors to the press under a dark cloud, with no sign of a speedy rebound in sight for the troubled European market. The event, which is considered one of the most important car shows of the year, will again be heavily marked by the crisis in Europe after an already catastrophic year in 2012.
Tata Motors said it has cut prices of its hatchbacks and sedans by Rs 29,000-50,000 , in a bid to lure customers to a market that is on course in the current fiscal year to post the first decline in annual sales in a decade.
Jamshedpur: Country's automobile giant Tata Motors Jamshedpur plant has rolled out of the two millionth (20 lakh) truck from its world-class manufacturing facility.
The truck which marked the milestone was rolled out in the presence of company's Managing Director Karl Slym and Executive Director (Commercial Vehicle) Ravi Pisharody at a function organised in the company works yesterday.
A showroom attendant cleans a Tata Nano car at the flagship Tata Motors showroom before the announcement of their Q3 results in Mumbai February 14, 2013. Tata Motors Ltd posted its first drop in profits in five quarters as its Jaguar Land Rover (JLR) business faced higher spending and a drop in operating margin after 18 months of soaring profit.
