Category Tata Motors

Tata Motors, Miljø Innovasjon to team up with TM4 for electric Indica Vista

Expect to see an all-electric Indica in India within the next 3-4 years…

TM4 has been selected by Miljø Innovasjon, a subsidiary of Tata Motors, to provide electric motors, power electronics and vehicle controllers for an electric car demonstration program to be launched in Norway in 2009-10. Under this program, Miljø will produce over one hundred units of an all-electric version of Tata Motors’ new Indica Vista.

For this project, Tata Motors and Miljø will benefit from TM4’s latest generation of electric motors for the automobile industry, the TM4 MФTIVE TM series, which is said to be the product of a decade of R&D efforts. According to TM4, this motor has the best power-to-weight ratio in its class and industry-leading efficiency.

TM4, a subsidiary of Hydro-Québec, deve...

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Tata Motors to raise Rs 72bn for JLR deal through three rights issues

Tata Motors, which is on track to complete its acquisition of Jaguar and Land Rover by the end of June this year, will raise Rs 72 billion through three rights issues to fund the deal. This will be followed by another US$500-600 million issue of securities in foreign markets. Tata Motors will spend a total of US$2.3 billion towards acquiring JLR.

In a meeting today, Tata Motors board of directors approved a rights issue of equity shares up to Rs 22 billion, ‘A’ equity shares carrying differential voting rights up to Rs 20 billion and rights issue of five-year 0.5 percent convertible preference shares up to Rs 30 billion. With these issues, the company’s total equity capital will increase by about 30-35 percent during the current financial year.

Initially, Tata’s JLR acquisition co...

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Tata Motors faces challenge with Jaguar-Land Rover cars’ emissions woes

By 2012, Jaguar and Land Rover must start making cars that are lighter and less polluting. It’s going to be a big challenge for new owner Tata Motors

Jaguar and Land Rover’s new owner, Tata Motors may end up getting into a bind over the penalties faced by cars whose average carbon dioxide (CO2) emissions are significantly higher than the proposed European Commission (EC) norms, which will come into effect from 2012.

While JLR is working towards an overall reduction in its cars’ emissions over the next 2 – 3 years, heavy investments would be needed to develop biofuel, hybrid and other ‘green technologies,’ without which it may be impossible for carmakers to do business in Europe.

In an initiative aimed at reducing CO2 emissions from new cars by 19%, the EC had adopted a p...

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New CEO for Jaguar, Land Rover to be announced soon

As Jaguar and Land Rover, currently being managed by CFO David Smith, prepare for the transition of ownership from Ford to Tata, the two companies are also waiting for a new CEO to be appointed. While Tata has said it would want to retain much of the current management team, some senior positions will need new people at the helm.

Regarding the new CEO for Jaguar and Land Rover, Tata may either promote someone from within the ranks, or hire a person from outside the company. An announcement is expected in the first week of June.

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Tata Motors to compete for US$10 million Progressive Automotive X PRIZE

After the Nano, Tata Motors is now going for EVs and hybrids…

Tata Motors, along with 70 other automotive companies from around the world, will be competing for the Progressive Insurance Automotive X PRIZE in a competition to create viable, safe and super fuel-efficient vehicles. Tata Motors’ British arm has signed an official Letter of Intent to compete for the X PRIZE, where the total prize money is US$10 million.

The Progressive Insurance Automotive X PRIZE is an independent and technology-neutral competition that’s open to teams that can design and build production-capable, 100mpg vehicles that people will want to buy and that meet market needs for price, size, capability, safety and performance in one of two classes: Mainstream and Alternative.

Mainstream vehicles will be requir...

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