The new coalition government headed by prime minister David Cameron is determined to have 'very good relations' with India's Tata Group, owners of Jaguar Land Rover and Corus, British business secretary Vince Cable said on Thursday.
Tata Motors-owned Jaguar Land Rover on Friday said its new two-seater sports car F-Type will make its global debut in production form at the Paris Motor Show next month, marking its re-entry into the segment.
JLR, which has announced plans to deliver 40 products over the next five years, said in a statement that the Castle Bromwich plant would this year manufacture the 2013 Model Year XF and XJ ranges.
Thanks to the turnaround in JLR's performance, the stock has been the best performer in the large cap auto segment.
Kahn Design has modified the existing Land Rover Defender.
Tata Motors, part of the $100 billion Tata conglomerate, said consolidated net profit for the April-June quarter rose to 53.98 billion rupees ($882.31 million) compared with Rs 17.68 billion a year ago.
Tata Motors Quarteryl profit down 56 per cent on higher input cost
Auto major Tata Motors on Monday said it appointed Carl-Peter Forster as the new group chief executive of the company.
Tata was concerned that most innovations were happening outside India, some by Indians.
The issue comprising 'A' ordinary shares aggregating $550 million and ordinary shares aggregating $200 million has been subscribed 3.4 times, Tata Motors said in a filing to the Bombay Stock Exchange.
A price war started by German car makers in China may eat into JLR margins and volumes.
'Interim Budget has ignited the entrepreneurial spirit.'
The UK-based subsidiary of the Tatas is also keeping its options open for using its India assembly plants for manufacturing cars that can be exported to other countries.
While the rich are buying expensive luxury vehicles in Patna, the poor continue to suffer. The pandemic, discovers M I Khan, has cast new light on the stark economic divide in the capital city of Bihar, India's poorest state.
This image features the left image within the red channel, and the right image within the blue and green channels, resulting in a striking cyan hue.
Tata Motors on Tuesday said it expects to meet the funding requirement for the British marquees Land Rover without the loan guarantees from the UK government, which welcomed the development.
China's National Space Administration landed the Chang'e 4 lunar probe at 10:26 am Beijing time on Thursday, in the South Pole-Aitken Basin which is an impact crater, China Central Television reported.
Tata has recently developed the Pixel city car, which the company is targeting at European drivers.
The Jaguar E-Type and the Land Rover Defender are two of the most famous automotive icons that Britain gifted to the world.
Four new products under the Jaguar brand are under development.
The variant, which will be the second JLR model in India, with a 2.2 litre diesel engine will be introduced in India for the first time at an entry price of Rs 44.5 lakh or Rs 4.45 million (ex-showroom, Mumbai) and will be assembled at Tata Motors' Pune facility.
So what's special about the Kaziranga range? Rajesh Karkera and Hitesh Harisinghani find out.
It claims to be ahead of its competitors in the segment.
India's Tata Group owned Jaguar Land Rover has scrapped plans to close one of its UK plants.
Will Maruti Suzuki Grand Vitara see a second innings in India?
The brand from the Tata stable has turned around after its bad economic phase.
The plant will initially assemble JLR's sport-utility vehicle Freelander 2 from completely knocked down kits shipped from the Halewood manufacturing unit in Liverpool, UK.
The new car market is estimated at around 30,000 units a year in sales in a good year, whereas the used car market for luxury vehicles is estimated at around 60,000 cars annually.
Dismissing adverse comments on Jaguar and Land Rover (JLR) buy, Ratan Tata on Tuesday said the $2.3-billion acquisition of the iconic brands was 'worthwhile' though the subsequent financial crisis posed challenges.
NASA's Lunar Reconnaissance Orbiter spacecraft has snapped a series of images during its flyby on September 17 of Vikram's attempted landing sight near the Moon's uncharted south pole.
Reportedly insists on no loan guarantee if the government is not allowed any say in the company's future.
National Aeronautics and Space Administration's Mars rover Curiosity has discovered water during its first sample analysis of the Red planet's surface.
Sales of commercial vehicles declined 23.8 per cent in July to 31,150 units from 40,882 units a year ago.
National Aeronautics and Space Administration's Mars rover Curiosity has made the first definitive detection of organic molecules, the building blocks of all known forms of terrestrial life, on the surface of the Red Planet.
In yet another major Indian takeover, Religare, a financial services company owned by prominent businessmen Malvinder and Shivinder Singh bought London's oldest stockbroker, Hichens, Harrison & Co on Friday. The deal is seen as another example of India's growing economic clout overseas. Two weeks ago, Tata Motors bought the prestigious Jaguar and Land rover models from Ford.
Top Indian businessmen are increasingly making investments abroad. They are eyeing acquisitions abroad for a number of reasons including global reach and international market penetration. But the Indian business environment is also a chief cause. Many businessmen regard Indian biz scene stifling & not open enough for free growth. The likes of Vijay Mallya and the Ruias have therefore become technically become non-resident Indians even while they run large businesses in India.
Industrial conglomerate Tata group has spent $ 133 million in advisory fees related to various buyouts in the last two years, according to data compiled by leading global financial information provider Dealogic. The group has acquired as many as 56 businesses with a total volume of $ 20.6 billion in the last two years, accounting for 82 per cent of their total merger & acquisition volume. Since the year 2002 the Tata group has made as many as 106 acquisitions valued at $ 2mn.
The board of the Luxembourg-based European Investment Bank on Tuesday approved a pound 340 million (Rs 2,500 crore) loan to the Tatas-owned Jaguar Land Rover to support efforts to make low-emission cars.
The price starts at Rs 1.37 crore for the F TYPE S, which has a V6 3-litre petrol engine.
Smith's financial acumen steered the troubled car maker through its toughest times in the recent past.
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