Vehicle manufacturer Tata Motors has made significant changes to its design philosophy with Tiago, Nexon and Hexa. Which was very important for the company. The company then launched the Tata Harrier with a new design, which was quite popular. Now the company is preparing to bring three new models by 2020. The most prominent of these may be the Altros Premium hatchback. The car was introduced at the 2019 Geneva Motor Show. In addition, the company will also launch the H2X(Hornbill) subcompact SUV. The car is expected to be launched in the last quarter of 2020. The company will also launch H7X, Buzzard. Let's know the full details
Tata Motors suffered a loss of Rs 3,679.66 crore in the first quarter of the current fiscal, more than double the same period last year. The company suffered a loss of Rs 1,902.37 crore in the same quarter last year. Tata Motors said in a statement that the domestic auto industry is facing a severe slowdown. Not only globally, too, the auto industry is looking sluggish. Jaguar Land Rover, a subsidiary of Tata Motors and the UK's largest automotive manufacturer, said the industry volume has declined in most sectors.
"Due to weak consumer sentiment, cash crunch and impact of Excel load, the automobile industry has particularly affected the sale of the medium, heavy-duty commercial vehicles," said Gunter Buschch, managing director, Tata Motors. Revenue declined by 19.9 percent to Rs 13,352 crore and standalone loss was Rs 97 crore. Busch said the budget announcements are expected to boost sales in the upcoming festive season.
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