Tata Motors plans to raise $1bn

 

Tata Motors announces plans to raise 47bn rupees ($1bn) to help cut debt and expand the business.

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  • India's leading vehicle maker Tata Motors may raise 700 million dollars through a share offering as part of a drive to cut its debt, a report said Thursday.Senior officials from the company, part of the tea-to-steel Tata Group, have made presentations to foreign investors and mutual funds about the offering, the DNA newspaper said.Tata Motors, which owns the luxury Jaguar and Land Rover marques, said in June it would raise 47 billion rupees (one billion dollars) by issuing shares, bonds and other debt instruments after getting shareholders' approval.

  • India's leading car maker Tata Motors said Monday it had appointed the former head of General Motors' European operations as its chief executive officer.Carl-Peter Forster would have "overall responsibility" for Tata Motors' global operations, including its British-based Jaguar and Land Rover manufacturers, the company said in a statement."Tata Motors expects that Mr Forster's induction will greatly facilitate its ambition towards being a truly international company," said Ratan Tata, chairman of Tata Motors' parent Tata group.

  • India's leading vehicle company, Tata Motors, reported Friday it had swung to a consolidated quarterly net profit, helped by a better performance by its premium car marques Jaguar and Land Rover.Tata Motors' net profit, including British motoring icons Jaguar and Land Rover, totalled 217.8 million rupees (4.65 million dollars) for the quarter ending September, compared to a net loss of 9.41 billion rupees a year earlier.Revenues fell 8.2 percent to 211 billion rupees for the second quarter of the financial year to March 2010, a company statement said.

  • India's Tata Motors has unveiled plans to launch three models each from British luxury brands Jaguar and Land Rover in the fast-growing Indian market.

  • Tata Motors has learned that managing its complex global expansion with just homegrown talent isn't working.

  • India's largest carmaker Tata Motors makes a net quarterly profit of $156m, soundly beating expectations.

  • India's Tata Motors has appointed Carl-Peter Forster, a former General Motors executive, as the group chief executive officer, the company said on Monday.

  • Tata Motors, India's largest vehicle maker, says it sold 74,707 vehicles around the world in Decembe 2009, a rise of 84% on December 2008 figures.

  • India's Tata Motors says it has so far received 203,000 orders for the Tata Nano, the world's cheapest car

  • India's Tata Group formed a special committee to find a successor to Chairman Ratan Tata, who plans to step down at the end of 2012.

 
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