Bullish on Jaguar Land Rover, top industrialist Ratan Tata has hinted at Tatas manufacturing these marquee brands in India, Eastern Europe and the US.
Prime Minister Narendra Modi on Friday met Queen Elizabeth II over lunch for the first time during his much-anticipated visit to the UK.
The Tata group is looking to make a foray into semiconductor (also known as chips) manufacturing and it has set up a business to seize the opportunity, Chairman N Chandrasekaran said on Monday. "At the Tata group, we have already pivoted into a number of new businesses like electronics manufacturing, 5G network equipment as well as semiconductors, in all probability," he said while speaking at the annual general meeting of the IMC Chamber of Commerce and Industry. Chandrasekaran said global supply chains, currently heavily dependent on China, would see a big change in a post-pandemic world with businesses shifting their reliance to other countries.
While the UK's national mourning after the passing of Prince Philip last Friday will run until the morning after his funeral at St George's Chapel in Windsor Castle on Saturday, the royal family is observing two weeks of mourning.
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The transaction - the second one in less than a year - is seen as an effort to restore investor faith in the company following a dismal performance by its UK subsidiary, Jaguar Land Rover Automotive.
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.
Cars like the Land Rover Evoque, endorsed by Victoria Beckham, have more women customers than men.
Thanks to the turnaround in JLR's performance, the stock has been the best performer in the large cap auto segment.
Tata Motors, however, did not elaborate on the various programmes that have been initiated with JLR and other subsidiaries.
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.
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.
India's Tata Group owned Jaguar Land Rover has scrapped plans to close one of its UK plants.
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.
The exercise part of drive to combine operations under single firm.
If one leaves aside 2016, when sales declined 4.68 per cent, the pace of growth in 2018 is the slowest in a decade, according to IHS Markit, a sales forecast and market research firm.
Sunday Times reports Tata Group has agreed in principle to invest pound 100 million alongside refinancing.
Despite what the Nano can do to the country's automobile market, its ability to transform Tata Motors' financials will be limited, says Shyamal Majumdar.
Former English Premier League striker DJ Campbell has been arrested as part of a match-fixing investigation, his club Blackburn Rovers said on Monday.
As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season.
The funeral incorporated hymns and readings chosen by the late royal himself and focussed on the "unwavering loyalty" of the longest-serving consort in British history to his wife, the monarch, and service to Britain and the Commonwealth.
Tata Motors has succeeded in securing a $3bn banking facility for its purchase of Jaguar and Land Rover from Ford Motor, which should clear the way for the deal to close next week. Tata's ability to raise the money in spite of the turmoil on debt markets represents a vote of confidence in the Indian company and removes one of the last main obstacles to the deal.
UK-based workers of JLR rejected a pay hike offer, saying that it falls short of their expectations, giving rise to a possibility of strike.
At home, passenger and commercial vehicle sales have suffered from an environment of high interest rates and fuel prices in an economy growing at its slowest pace in a decade.
JLR volumes could hit million units by 2019, stock trading at discount to other premium automakers
The growth rate could continue for another seven years.
Sonalika Group on Wednesday unveiled its two-litre multi utility vehicle 'Rhino' with an entry-price of Rs 5.45 lakh and said it has offloaded 20 per cent stake in its subsidiary International Cars and Motors Ltd to Citibank.
The branding exercise is estimated cost Rs 100-200 crore to the Tata Group.
'Hello Namaste' has been described as a "festive upbeat Hinglish" number which highlights the UK-India friendship.
Phoenix Venture Holdings Ltd, the owners of MG Rover Group, will distribute Tata Engineering's "Safari off-roader" and "Loadbeta pick-up" trucks in the UK and Irish markets
Seeking to strengthen Indo-UK economic ties, Prime Minister Narendra Modi on Thursday arrived in Britain on his first visit to the country during which he will have a hectic schedule that will start with talks with his British counterpart David Cameron.
News of all that transpired on and off the football field
Firms to find alternative export routes or face increased trade barriers
The ceremony, which officially begins at St George's Chapel in Windsor Castle with a national minute's silence at 1500 local time on Saturday, will be a religious one though without any sermons, as planned by the Duke, who passed away aged 99 last week on Friday.
GST has been hanging fire with the Opposition Congress yet to come on board
Prime Minister Narendra Modi said India and the United Kingdom are economically made for each other.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
A century-old European bicycle brand gets a makeover under its new Indian owner. But is there room for yet another premium commuter bike?
