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July 15 (Reuters) – India’s Tata Motors (TAMO.BO) on Thursday said its global vehicles sales rose 46 percent in June to 91,608 units, compared with a year ago.
The figure includes its British luxury unit Jaguar Land Rover, whose sales rose 47 percent in the month to 20,189 units, the company said in a statement. (Reporting by Janaki Krishnan)
June 25 (Reuters) – Indian vehicle maker Tata Motors (TAMO.BO) is looking at setting up an assembly unit in South Africa for medium-sized and small trucks, a top official said on Friday.
Cyclical Consumer Goods
“We are looking at assembling medium-sized trucks and small trucks there for now,” its India head P.M. Telang told reporters.
“We will finalise something before the end of this financial year.”
(Reporting by Janaki Krishnan)
June 24 (Reuters) – The following corporate finance-related stories were reported by media on Thursday:
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* Textiles and apparels maker Raymond Ltd (RYMD.BO) has decided to pull out of its home retail business, after operating the multi branded stores for two years, DNA Money said on Thursday. [ID:nSGE65N02G]
* India’s Tata Motors (TAMO.BO) is likely to raise up to 25 billion rupees ($541 million) to pare debt and improve debt to equity ratio, the Economic Times reported on Thursday. [ID:nSGE65N01W]
* Providence Equity Partners is in preliminary talks with toy maker Hasbro Inc (HAS.N) to take the company private in a leveraged buyout, the Wall Street Journal reported in its online edition on Wednesday, citing people familiar with the situation. [ID:nN23262311] (Compiled by Aditi Samajpati in Bangalore)
June 1 (Reuters) – India’s largest vehicle maker, Tata Motors (TAMO.BO), said on Tuesday its sales in May rose 41 percent from a year earlier to 56,779 units.
Cyclical Consumer Goods
Domestic sales grew an annual 38 percent to 52,801 units, it said in a statement. (Reporting by Devidutta Tripathy)
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