Headquartered in Mumbai, India, Tata Motors is one of the largest multinational manufacturing compa- nies. It manufactures commercial and passenger vehicles-cars, trucks, vans, coaches, buses, construc- tion equipment, and military vehicles. Tata Motors has several auto manufacturing and assembly plants, and research and development centers located across India, including in Jameshedpur, Lucknow, and Pune. With a solid base in the country, Tata Motors has also built its operations in Argentina, South Africa, Thailand, and the United Kingdom. In 2014, the company was ranked the world's 287th biggest corporation in Fortune's Global 500 list. Marketing its products through dealership, sales, services, and spare parts network, the company produces well-known models like the Nano, Safari, Aria, Zest, Bolt, and Venture brand names, as well as Xenon XT brand name. Source: dragunov.Shutterstock For a fourth straight quarter, the decline in China sales of Jaguar Land Rover (JLR), a subsidiary of Tata Motors, dragged down the company's profits. Jaguar's net income fell 49 percent to 27.7 bil- lion rupees ($434 million) in the quarter ended in June, 2015. Its retail sales plunged 33 percent in China that quarter, which lead to a 1 percent decline in worldwide deliveries. The luxury unit has cut its sales targets and prices in China as all automakers brace for a slowdown in the world's biggest auto market. Tata Motors' earnings for the second quarter of 2015 were also hurt by a prolonged slump in sales of its light commercial vehicles in India. Tata's revenue fell 5.7 percent to 610.2 billion rupees. Sales at the luxury unit declined 6.5 percent to 5 billion pounds. Shares of Tata Motors stock has slumped 29 percent over the past six months making it the second-worst performer on the S&P BSE Sensex, which has lost 1.7 percent in the period. Sales of the Tata's Evoque sport utility vehicle were also lower in China. The company's vision statement, posted on the corporate website, states that by 2025, the com- pany's commitment to delivering improved quality of life will be available to 25 percent of the global population, making Tata one of the 25 most admired global brands and one of the most valuable com- panies in the world. Its mission is to use its leadership experience, long-term value creation, and the trust it has built to improve the quality of life of its consumers around the world. 1. What does the firm do? 2. What is the future goal or mission of the company?
It's not written assignment.
Please answer the question
Headquartered in Mumbai, India, Tata Motors is one of the largest multinational manufacturing compa- nies. It manufactures commercial and passenger vehicles-cars, trucks, vans, coaches, buses, construc- tion equipment, and military vehicles. Tata Motors has several auto manufacturing and assembly plants, and research and development centers located across India, including in Jameshedpur, Lucknow, and Pune. With a solid base in the country, Tata Motors has also built its operations in Argentina, South Africa, Thailand, and the United Kingdom. In 2014, the company was ranked the world's 287th biggest corporation in Fortune's Global 500 list. Marketing its products through dealership, sales, services, and spare parts network, the company produces well-known models like the Nano, Safari, Aria, Zest, Bolt, and Venture brand names, as well as Xenon XT brand name.
Source: dragunov.Shutterstock
For a fourth straight quarter, the decline in China sales of Jaguar Land Rover (JLR), a subsidiary of Tata Motors, dragged down the company's profits. Jaguar's net income fell 49 percent to 27.7 bil- lion rupees ($434 million) in the quarter ended in June, 2015. Its retail sales plunged 33 percent in China that quarter, which lead to a 1 percent decline in worldwide deliveries. The luxury unit has cut its sales targets and prices in China as all automakers brace for a slowdown in the world's biggest auto market. Tata Motors' earnings for the second quarter of 2015 were also hurt by a prolonged slump in sales of its light commercial vehicles in India. Tata's revenue fell 5.7 percent to 610.2 billion rupees. Sales at the luxury unit declined 6.5 percent to 5 billion pounds. Shares of Tata Motors stock has slumped 29 percent over the past six months making it the second-worst performer on the S&P BSE Sensex, which has lost 1.7 percent in the period. Sales of the Tata's Evoque sport utility vehicle were also lower in China.
The company's vision statement, posted on the corporate website, states that by 2025, the com- pany's commitment to delivering improved quality of life will be available to 25 percent of the global population, making Tata one of the 25 most admired global brands and one of the most valuable com- panies in the world. Its mission is to use its leadership experience, long-term value creation, and the trust it has built to improve the quality of life of its consumers around the world.
1. What does the firm do?
2. What is the future goal or mission of the company?
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
