Tata Motors Passenger Vehicles Ltd.

Tata Motors, country’s largest automobile company is planning to roll-out a slew of products in utility vehicle segment, which could even incorporate technology from JLR. With this initiative, the auto maker aims to plot a fight back in the utility vehicle segment against home-grown rivals. It has decided to introduce a stripped-down version of its Aria model priced at Rs 9.95 lakh.

The company has reported a net loss of Rs 458.49 crore for the quarter ended December 31, 2012 as compared to a net profit of Rs 173.67 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 20.25% at Rs 10741.89 crore for quarter under review as compared to Rs 13470.48 crore for the quarter ended December 31, 2011.