To explore options for capitalising on growth potential in entry-level luxury car segment.
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.
Jaguar Land Rover will continue to be managed independently.
JLR's product pipeline and margin uptick will ensure good revenue and profit growth.
Tata-owned Jaguar Land Rover plans to generate 4,500 manufacturing and engineering jobs in London over next five years, JLR executive director Mike Wright has said.
This is not the first EV that Mercedes would be making in India though. It has been making the EQS sedan here for the last 18 months, and has sold 500 units of the car.
Automotive (auto) major Tata Motors posted a 51 per cent drop in consolidated net profit for the January-March quarter (Q4) of 2024-25 (FY25), to Rs 8,470 crore, due to a deferred tax asset of almost Rs 9,000 crore in the corresponding quarter of the previous financial year and an exceptional item of Rs 566 crore during the quarter. Revenue was up just 0.5 per cent year-on-year (Y-o-Y) at Rs 1.18 trillion for Q4FY25.
Tata Motors, however, did not elaborate on the various programmes that have been initiated with JLR and other subsidiaries.
Tata Motors (TaMo) is aiming to gain market share across its passenger vehicle (PV) and commercial vehicle (CV) businesses - targeting a 40 per cent share in CVs and a 16 per cent share in PVs by 2027. Meanwhile, it has already achieved earnings before interest, tax, depreciation, and amortisation (Ebitda) breakeven in its electric vehicle (EV) business at 1.2 per cent (up 830 basis points), ahead of its target of 2025-26 (FY26).
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.
To say that Ratan Tata leaves behind a huge legacy would be a gross understatement.
BMW is just another of the many bringing entry-level luxury cars to the market.
JLR is the latest in the list of companies which have announced a likely impact on operations due to crunch in auto component supplies from Japan.
Meetings to break the deadlock have been planned.
Increasing competitive intensity in JLR's key luxury car market and weakness in domestic business dampen sentiment.
Thanks to the turnaround in JLR's performance, the stock has been the best performer in the large cap auto segment.
The report says Tata Motors, JLR's new owners, will produce 200-300 less cars by the end of the year. That would be equal to about a week's worth of production for the Jaguar models of XJ and XK.
Tata Group on Wednesday announced an investment of 4 billion pounds (about Rs 42,500 crore) in setting up a flagship factory to make batteries for Jaguar Land Rover as well as other manufacturers. Tata Sons, owner of JLR, chose Bridgwater in Somerset in southwest England for the gigafactory over a rival location in Spain. The gigafactory, at 40GWh, will be one of the largest in Europe and Tata's first outside of India, the conglomerate said in a statement.
This is the third consecutive monthly slide.
Slym doesn't face such an epic challenge - after all, his company is profitable, has a trustworthy brand, deep pockets and a vast distribution.
The warning late on Wednesday came as a surprise given Tata shares hit a record high earlier this month on a rally sparked by expectations for improving sales at JLR, especially in the key China market, and optimism about the launch of new models.
In 2012, JLR sales were up in every major market, driven by new model introductions and update programmes, the company said in a statement issued at the North American International Motor Show in Detroit.
In the past, Tata Motors gave India its many first - country's first indigenous car (Tata Indica), first sports utility vehicle (Safari), first micro truck (Ace) or a Rs 100,000 car for the common citizen (Nano). After JLR's acquisition, however, the company has failed to connect with Indian car buyers.
Tata Motors on Wednesday reported a 22 per cent fall in consolidated net profit to Rs 5,578 crore for the third quarter ended December 2024, impacted by s decline in revenue from its passenger and commercial vehicles divisions. The company had posted a consolidated net profit of Rs 7,145 crore in the same quarter last fiscal, Tata Motors said in a regulatory filing.
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.
Tata has recently developed the Pixel city car, which the company is targeting at European drivers.
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.
A price war started by German car makers in China may eat into JLR margins and volumes.
India's Tata Group owned Jaguar Land Rover has scrapped plans to close one of its UK plants.
Indian high commissioner Shiv Shankar Mukherjee has asked the British companies, based in Birmingham and other towns in the West Midlands, to expand and avail of opportunities offered by India.
Smith's financial acumen steered the troubled car maker through its toughest times in the recent past.
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.
Fraught four-month-long negotiation between Tata Motors-owned Jaguar Land Rover and the United Kingdom government over a loan guarantee ended in an anti-climax on Tuesday, with the Mumbai-headquartered automobile maker announcing that it has secured loans from commercial banks and would not need any support from the UK government.
Tata Motors has roped in international consultants Roland Berger Strategy Consultants (based in Munich) and KPMG to help its British car brands Jaguar-Land Rover trim costs and help manage cash flow.
In an interview published in the Sunday Times on Sunday, Ratan Tata admitted with hindsight that he might have gone too far too fast, but that nobody saw the economic recession coming.
After months of negotiations, Tata Motors-owned Jaguar Land Rover is likely to get approval for a loan of pound 270 million (about Rs 2,000 crore) from the European Investment Bank on April 7, BBC reported on Saturday quoting official sources.
The Tata Motors-Jaguar-Land Rover combine, with a valuation of $8.45 billion now reigns supreme among the most valuable corporate brands in India.
Tata Motors-owned Jaguar Land Rover (JLR) is set to wrap up the 600-million ($850 million) three-year Chinese deal it had bagged in February 2009, one year ahead of schedule.
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.
It said total passenger vehicles sales were 45,380 units, in January 2010, a growth of 76 per cent from the corresponding month last year.
