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.
Two-time chief minister and five-time MLA Janata Dal-Secular leader H D Kumaraswamy has once again demonstrated his political acumen by bagging a seat in the union council of ministers, despite his party joining the Bharatiya Janata Party-led National Democratic Alliance just last year.
While analysts reacted negatively to a drop in the operating margin, JLR has demonstrated a strong global growth.
Responding to a question on whether Tata-owned JLR was in talks with the UK government for a bailout package, Mandelson said it was too early to judge whether the state would be willing to help Jaguar Land Rover, which employs around 15,000 workers.
Tata Motors-owned Jaguar Land Rover has announced plans to shed 200 jobs across its UK operations but claimed that the redundancies were not connected with the economic downturn or slump in car sales.
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.
The cash injection from Tata has bought ministers breathing space to respond to demands for multi-billion-pound loan guarantees from the car sector. Alistair Darling, chancellor, is understood to be concerned that any state support does not set too generous a precedent for other sectors.
Tata Motors on Monday announced the demerger of its commercial and passenger vehicle segments into two separate listed entities to better capitalise on growth opportunities. The commercial vehicles business and its related investments would be housed in one entity while the passenger vehicle business, including electric vehicles, Jaguar Land Rover (JLR) and its related investments, would be part of the second entity, the auto major said in a regulatory filing. Tata Motors chairman N Chandrasekaran said that Tata Motors has scripted a strong turnaround in the last few years.
'So what if they are remote-controlled, run on rechargeable batteries, are at least 100 times smaller than the \n\nreal thing and I am on the right side of 30?'
Less than a year after acquiring Anglo-Dutch steelmaker Corus, Tata Group appears close to taking over the reins of Ford's British marques - Land Rover and Jaguar, for which it is believed to have submitted a detailed offer of more than $2 billion. The home-grown business conglomerate is understood to be leading the race for the two brands at close of second-round of bidding on Friday, media reports said.
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.
In the event of a war with China, AMCA deep strikes would target China's rail and road links with Tibet, isolating PLA divisions there.
The Mark-1A will be more sophisticated and capable than the Tejas Mark-1.
Ford Motor Co on Wednesday said it expects the sale of its two European marques Jaguar and Land Rover, in which India's Tata Motors has evinced interest, to be through either by this year-end or early next year.
Indian Air Force is planning to arm its Jaguar deep penetration strike aircraft with long range anti-ship missiles to boost its maritime warfare capability.
HAL has integrated the ASRAAM (advanced short range air-to-air missile) for the Tejas Mark 1A. The Tejas Mark 1A will carry twin ASRAAM missiles with a range of 60 to 70 kilometres.
Reportedly insists on no loan guarantee if the government is not allowed any say in the company's future.
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.
Sunday Times reports Tata Group has agreed in principle to invest pound 100 million alongside refinancing.
The Jaguars, taking part in exercise 'Cope Thunder 2004', will cross the Atlantic helped by mid-air refuelling by the IAF's just acquired IL-78 giant tankers.
The company has expanded its line-up to nine models with several variants, making it the most aggressive luxury auto player in the country.
There is no impediment to normal operations as Tata Motors puts in place the demerger process of its commercial and passenger vehicles businesses. Instead, the demerger would provide greater manoeuvrability for both new entities to operate independently, according to Tata Motors management. While there may not be immediate value unlocking, it will give investors clarity about future growth and the financials across different segments.
While declining to comment on the intended takeover bid for JLR by Tata Motors, another group company, Myers said the relationship was close to four years old.
The Tatas are not alone in the race to take over British car makers Land Rover and Jaguar. Apart from the Tatas, three private equity funds and two other trading companies are expected to join the race for the British luxury car makers.
UK-based JLR posted 16 per cent growth in retail sales in the past year, highest in the luxury car segment globally, on the back of launches, output ramp-up and better reach in world markets.
Tata Group-owned British car maker Jaguar Land Rover announced on Wednesday that it had secured a 175 million (Rs 1,300 crore) from State Bank of India. This comes over and above the $90 million (Rs 420 crore) committed export financing facility with ABC International Bank, the company said.
Some serious cost-cutting has resulted in significantly lower losses at JLR.
Insurance companies sell off inventory of flood-damaged vehicles to cut losses.
Company chief executive David Smith said that he did not expect sales to return to normal levels "for some time." He added, "It is only right and proper that our response to the unavoidable impact of the credit crunch and a severe reduction in demand includes actions across all grades and functions in the company. It is critical that Jaguar Land Rover becomes a more efficient and dynamic organisation to face up to the challenges that we will meet in the years ahead."
Tata Motors-owned Jaguar Land Rover has announced plans to axe 400 more jobs in view of the current global economic downturn.
Tata Motors has acquired Ford's British marquees Jaguar and Land Rover for $2.30 billion in an all cash deal, sealing a deal that it pursued for nine months. Under the deal, Tata would continue to source engine from Ford, which would be paying about $600 million toward the pension liabilities of Jaguar-Land Rover employees.
India's Tata Motors could sign a deal with Ford to buy the US carmaker's Jaguar and Land Rover marques as early as next Wednesday or Thursday, people familiar with the deal said on Tuesday.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
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.
Jaguar team boss Tony Purnell feels the Australian driver is a world champion in the making.
The report quoted unnamed sources at Land Rover as saying, "It is definitely Tata. There is one final meeting and so long as there is no last minute hitches, which are not expected, then an announcement will be made on Friday." The final details would be worked out in the next six weeks, it added. The report also quoted a union official as saying that Mahindra's bid fell flat because of links to a private equity firm as the Indian firm was working with Apollo.
American auto giant Ford is likely to retain a stake and continue supplying engines and some of the components for Jaguar and Land Rover, even after the sale of the two British luxury brands, media reports said in the United Kingdom.
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