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California struck a tax incentive agreement with Tesla on Wednesday to ensure that the electric vehicle maker builds its sedan production facility in the state, possibly in the Los Angeles area.

Tags: California, California Tax, Electric Vehicle, electric-vehicle maker, Locks, LOS ANGELES, Tax Deal, Tax Incentive, Tesla, vehicle maker

Tata Motors, India’s largest vehicle maker, is planning to ramp up production of its Nano, billed as the world’s cheapest car, by a fifth this month, a senior official said on Wednesday.

Tags: cheapest car, India, Nano, Ramp, Tata Motors, Tata Motors India, vehicle maker

Tata Motors, India’s largest vehicle maker, posted a consolidated loss for its fiscal first quarter, but remained confident about the prospects of its loss-making Jaguar and Land Rover unit.

Tags: Earnings, First Quarter, India, Jaguar, Land Rover, Prospects, Tata Motors, Tata Motors India, vehicle maker

Tata Motors, India’s largest vehicle maker, said today that its founder Tata Sons has pledged an additional 24.05 million shares taking its total pledge to 13.42 percent of its total equity. On Feb. 10, the company had said its parent had pledged 37.

Tags: India, Pledge, Pledges, Tata Motors, Tata Motors India, Tata Sons, vehicle maker