Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
Supply chain workers called the strike over a pay dispute.
JLR yet to decide on the exact location.
The 400,000 square-metres plant was launched within two years of foundation laying ceremony.
Tata Motors' UK-based subsidiary, Jaguar Land Rover or JLR, reported a muted operational performance in the December quarter of financial year 2021-22 (Q3FY22). The luxury carmaker saw a 33 per cent year-on-year (YoY) decline in wholesale volumes to just under 70,000 units in Q3, against estimates that were 16 per cent higher. The drop in despatches to dealers was on account of shortage in semiconductors.
Rakesh Jhunjhunwala has picked up a 1.29 per cent stake in Tata Motors. The September quarter shareholding pattern disclosed by the automaker showed Jhunjhunwala holding 40 million shares.
Tata Motors will soon submit a detailed report on the upcoming manufacturing plant in Tamil Nadu's Ranipet district and a decision, on whether the facility will churn out passenger or commercial vehicles, will be taken by the company on the basis of market trends, state's industries minister TRB Rajaa said on Thursday. "They are keeping the options open, and market trends will determine it (the type of vehicles the plant will make). "They will quickly come up with a detailed report on that," Rajaa said.
BMW is over-capitalised and is awash with cash and it could quickly lower JLR's investment costs and raise margins by leveraging its own platforms, powertrains, purchasing scale and quality control.
The auto major said profit was impacted by an exceptional item of asset impairment in its British arm Jaguar Land Rover.
The new SUV is rolled out from the company's Pune facility.
Somanath thanked all those who prayed for the mission's success, and ISRO veterans like A S Kiran Kumar , the space agency's former chief.
Jaguar Land Rover and Saudi Arabia's National Industrial Clusters Development Programme will now begin a detailed feasibility study together, to determine the viability of setting up an automotive facility, the company said in a statement.
After a nearly seven month journey through space, Perseverance -- the largest and the most advanced rover NASA has ever sent to another world -- successfully touched down on the surface of Mars on Friday.
Rising investment is eating into the luxury carmaker's cash pile.
'Spectre' will feature the Jaguar C-X75 driving through the moonlit streets of Rome.
Glimpses of what the historic Chandrayaan Mission discovered on the dark side of the Moon.
Chandrayaan-3 mission's rover 'Pragyan' has traversed a distance of about eight metres on the lunar surface, and its payloads have been turned on, ISRO said on Friday.
New video from NASA's Mars 2020 Perseverance rover chronicles major milestones during the final minutes of its entry, descent, and landing on the Red Planet on February 18 as the spacecraft plummeted, parachuted and rocketed toward the surface of Mars. A microphone on the rover also has provided the first audio recording of sounds from Mars.
It is fully geared up for the new tax regime and its vehicles will be available under the new prices with immediate effect.
The race to become India's top luxury car company has heated up, with Tata Motors-owned Jaguar Land Rover (JLR) planning launches and local research and development (R&D) facilities to take on German rivals BMW, Audi and Mercedes.
Tata Motors has seen strong upgrades in volume, top line and profit estimates, after reporting an unexpectedly superlative quarterly global volume performance for Jaguar Land Rover (JLR). It was led by strong demand for the Evoque SUV from the Land Rover stable.
It's a fourth consecutive monthly slide.
Jaguar Land Rover is planning to launch the stunning F-Type in India in July. The Freelander 2 is set to hit the market soon, too.
It will also double employment at the site to around 1,400.
The company had sold 1,813 cars in 2011, JLR said in a statement.
In Tata Motors' Annual Report for 2011-12, Tata said Jaguar Land Rover was developing higher-powered and more fuel-efficient engines to attract more customers.
The new JV entity will also manufacture engines and set up a research and development centre in China.
Tata Motors-owned Jaguar Land Rover plans to set up an engine manufacturing facility in India in order to meet the demand in the country.
The company had sold 1,01,112 units in the same month of 2013.
To be set up at Staffordshire, near Wolverhampton, the facility will manufacture a family of low emission 4-cylinderJLR petrol and diesel engines.
Six days of meetings over two weeks between Tata Motors' Jaguar Land Rover (JLR) and its workers' union ended without agreement on terms of employment for new hires.
"Goss, 53, will have overall responsibility for the National Sales Company operations of the Jaguar and Land Rover brands in the United States and Canada," the company said in a statement.
The company plans to induct 400 people during this year in UK alone and has already started the process to recruit 280 graduates in different verticals.
The Tata Motors-owned Jaguar Land Rover (JLR) has signed a fresh deal with China to sell 40,000 cars in 2011.The deal, said to be worth more than 1 billion, comes on the back of an order the company had bagged in 2009 for 13,000 cars valued at that time at 850 million.
Sales of luxury brands from Jaguar Land Rover were at 30,094 units during May, up 35 per cent from the same month last year, Tata Motors said in a statement.
The country's largest auto company reported a total sales of 75,775 units across its various international operations, which include Tata Motors, Tata Daewoo and the Hispano Carrocera range of commercial vehicles, Tata passenger vehicles and the British marquee brands Jaguar Land Rover.
Weighing 320 tonne at lift-off, the vehicle used larger strap-on motors to achieve higher payload capability.
The package consists of a three-year committed facility to finance Land Rover's parts and accessories' inventories and receivables in the UK and the US. This is an important element of JLR's working capital financing to cover the key Land Rover parts and accessories' inventories and receivables part of our business, which has a high cash requirement, to function properly.
Come Sunday, India's automobile industry will achieve a unique distinction of showcasing both the world's cheapest car Nano and two of the costliest brands -- Jaguar and Land Rover -- from the Tata Group.
Notwithstanding robust volume growth and a strong performance from Jaguar Land Rover (JLR), Tata Motors, the country's second-largest automobile (auto) manufacturer by market capitalisation, disappointed the Street with its January-March quarter (Q4) results for 2023-24 (FY24). While consolidated revenues saw a 13 per cent increase, lower-than-expected realisations in the Indian operations weighed down overall performance.
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