New Delhi: The proposed demerger of existing automotive businesses into two listed entities will help in securing synergies across its PV and JLR verticals in areas of EVs and autonomous vehicles, Tata Motors Chairman N Chandrasekaran said on Monday. Speaking at the auto major’s 79th AGM, he noted that the initiative will lead each company … Read more
Mumbai: Jaguar Land Rover Automotive, Tata Motors UK subsidiary, has increased its planned five-year investment by 3 billion pounds, or 20%, 18 billion pounds (Rs 1.91 lakh crore). The Indian automaker had previously planned to invest 15 billion pounds in the British manufacturer of the Jaguar F-Pace and Land Rover Discovery between fiscal years 2024 … Read more
BMW and Jaguar Land Rover (JLR) are the latest manufacturers to land in hot water after the U.S. Senate Finance Committee found they both continued using parts made by a Chinese supplier that has been flagged for forced labor. BMW shipped at least 8,000 Minis containing the part after the company was informed about the … Read more
Tata Motors, India’s largest automaker by revenue, trumped Street expectations with amore than threefold surge in net profit in the March quarter propelled by strong performances across its three business verticals. The parent of British luxury carmaker Jaguar Land Rover Automotive Plc reported a net profit of Rs 17,528 crore in the three months ended … Read more
Having reported record high revenue, profits and free cash flows, Tata Motors now expects to become net automotive debt free on a consolidated basis in FY25, it said in a stock exchange filing. The company is ‘cautiously optimistic’ on domestic demand over the full year, but expects the first half of the financial year to … Read more
Jaguar Land Rover (JLR), owned by Tata Motors, reported that its FY24 retail sales saw a 81 per cent surge in retail sales in India, reaching 4,436 units. This growth, the company says, is one of its strongest performances since its entry into the Indian market in 2009, marking its highest in the past five … Read more
JLR’s full year sales rose by over 20 per cent year-on-year, the company said in a statement on April 8. The rise in sales numbers reflects improved production and sustained demand, the company said. Wholesale volumes at 110,190 units in the fourth quarter (excluding the Chery Jaguar LandRover China JV) were up 16% over the … Read more
Elon Musk’s recent cryptic comments on the next Tesla Roadster, with ‘space-inspired attributes’, and an incredibly high speed of 0-60 mph (0-97 kmph) in less than a second has ignited speculation within the automotive industry globally. What specific features could embody these premium attributes in an electric car, and how might they influence India’s burgeoning … Read more
Under Chairman N Chandrasekaran, Tata Sons has been planning consolidation by halving the number of listed companies to nearly 15 from 29 to focus on investing in fewer but bigger entities that can ably compete in the marketplace. He had told ET in an interview in 2017 that he also wanted to bring down the … Read more
With company ramping up production of Range Rover and Defender, the volume for full fiscal is expected to rise 24% to 400,000 units and another 6-7% next fiscal. Synopsis The operating profit of the JLR surged 5.12 percentage points on a YoY basis to 8.8% in December quarter, taking the nine-month margin to 8.2%, driven … Read more
