JLR, the maker of Jaguar F-Type and Range Rover Evoque, was a jewel in the crown of Tata Motors till two years back. But, it has been struggling because of the pending Brexit, a sharp contraction in sales in China, a shift in consumer preference from diesel to gasoline in Europe, higher taxes on diesel vehicles, and tightening regulations.
Hero MotoCorp and TVS Motor crossed Rs 1,000 crore in R&D spend for the first time, as legacy OEMs accelerate innovation to compete with new-age EV players.
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.
Jaguar Land Rover (JLR) -- the two premium brands owned by Tata Motors, India's largest automotive company -- will tighten up frivolous expenditure to contain cash in a slowing automotive market.
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.
It will also double employment at the site to around 1,400.
JLR is looking to increase sales point in India to 20 by the end of the fiscal from the current four.
'Air they suck in is far dirtier than the air which comes out of it.'
Tata Sons chairman Natarajan Chandrasekaran was paid Rs. 113 crore as remuneration for 2022-23 (FY23), including Rs. 100 crore as commission on profit. Chandrasekaran, 60, often referred to as Chandra, received a remuneration of Rs. 109 crore in 2021-22 (FY22). With this, Chandra has emerged as one of the highest-paid chief executive officers (CEO) in Corporate India for FY23.
Guenter Butschek will start his new job by Feb. 15
The 400,000 square-metres plant was launched within two years of foundation laying ceremony.
JLR, Tata Steel Europe CEOs caution staff on high risks of leaving the EU
Prime Minister Narendra Modi on Saturday visited a Tata Motors-owned Jaguar Land Rover factory in the West Midlands region of England that is known as the flagship Indian investment in the UK.
The company said over 80 per cent Range Rover Evoque production was exported to 170 countries across the globe.
The latest additions will bring the total number of UK manufacturing jobs announced by JLR over the last three years to almost 11,000.
Chinese blast has Tata Motors reporting Rs 430 cr net loss.
JLR is the UK's largest carmaker, which has witnessed a complete turnaround in its fortunes since Tata Motors acquired the traditional British brands from Ford 10 years ago.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
It claims to be ahead of its competitors in the segment.
As part of the exercise, each family will get complete ownership of the businesses it manages while scrapping the holding company.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
The $8.5 billion TVS Group received final approval for a family resettlement on February 4 from the National Company Law Tribunal (NCLT). It is an arrangement that is noteworthy because unlike many other corporate settlements this one was sorted out amicably and without any open conflicts.
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
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