Click it and Unblock the Notifications
Tata Motors Gets A High Rating
It was the time when Tata Motors had been recovering from the fall of JLR brands. Tata Motors then devised a strategy to revive the sale volume with new launches, said Moody"s report. Moody"s VP said that the net sale volume of JLR products took the market into surprise and is till now is a profitable range from Tata Motors.
In addition Tata Motors has been showing a thumping growth rate in the auto sector of India. Apart from the potential commercial vehicles segment, Tata Motors has been witnessing a good show in the passenger vehicles segment especially from its Nano and Indigo Manza. All these products have brought large volume of revenue and profit for Tata Motors, said Moody"s. Again, Tata Motors has won the claims of positive outlook grade from Moody"s as evidenced from the responses delivered to new products in the market.
The expansion activities of Tata Motors too had a good stint as much as the export business. The lone exception to the possible growth is the slow pace of the markets in Europe and the US which may hit the growth rate, noted Moody"s. Tata has been in possession of JLR which it acquired some two years ago for .3 billion.
Continue with Google