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.
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.
A key point to understand is that Ford is selling these brands not because they are in their worst trouble ever, but simply because of Ford's overall crisis - it lost more than $12.6 billion in 2006 - is pushing CEO Alan Mulally to raise money to fulfill his declared ambition to restore the mass-market Ford business to health.
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.
Businesses have been reluctant to talk about contingency plans for Brexit
The Unite union wants a 12.8 per cent pay rise
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.
A constable and a Home Guard jawan, who reached the spot after the first accident of a collision involving two vehicles, were among those killed in the incident, they said.
The HAL and GE from the US would be producing these engines jointly in a facility in India.
Tata's comments come a little over two weeks after JLR management and its workers agreed to a two-year pay freeze, subject to no compulsory layoffs for the next two years. This is also the first time the Tata chairman has made a direct public appeal to the UK government for credit support.
Will rival Porsche and is rumoured to carry a price tag of Rs 1.3 - 1.5 crore.
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 Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.
As part of the Cope India 2023 exercise, five top-notch fighter jets of the two air forces took off in quick succession from the air force base.
The player draft for the much-awaited Global T20 Canada 2023 was held in a hybrid-form in Mumbai.
Extraordinary award-winning photographs from more than 20,000 images from all over the world.
The epic ascent saw New Range Rover Sport resist the surging torrent of water flowing down the ramp of the Karahnjukar Dam -- the biggest of its kind in the world -- at a rate of 750 tonnes per minute.
A 10-year-old boy was killed when an Improvised Explosive Device (IED) planted by CPI-Maoists in Jharkhand's West Singbhum district exploded, a senior police officer said on Friday.
The Indian Navy, which was earlier looking towards the US for design expertise, technical know-how and operational practices, is now considering the advantages of working with the Royal Navy.
A MiG-21 Bison of the IAF, piloted by Wing Commander Abhinandan Varthaman was downed during a dogfight between India and Pakistan sides on February 27 after the Balakot airstrike
From its lows in December, the stock of Tata Motors is up about 15 per cent. The gains came on the back of better than expected December volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs are expected to be key positives for the company.
Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.
The triennial exercise will take place for two hours and fifteen minutes during the day, dusk and night, he said.
The initial tests will involve vehicle-to-vehicle and vehicle-to-infrastructure communications technologies that will allow cars to "talk" to each other and roadside signs, overhead gantries and traffic lights
Nikhil Kumaraswamy is Janata Dal-Secular leader H D Kumaraswamy's son. He is also former prime minister H D Devegowda's grandson. Nikhil will contest the May 10 assembly election in Karnataka from the Ramanagara constituency.
She is the first person to win Album of the Year four times, with her latest prize for Midnights.
Over 68,000 Army soldiers, around 90 tanks and other weapon systems were airlifted by the Indian Air Force to eastern Ladakh from across the country for rapid deployment along the Line of Actual Control (LAC) after the deadly clashes in the Galwan Valley, top sources in defence and security establishment said.
Watch the stunning cockpit views of the jets.
'Interim Budget has ignited the entrepreneurial spirit.'
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
The mesmerizing march included elite marching contingents, missiles, warplanes, surveillance gadgets and lethal weapon systems, with French President Emmanuel Macron gracing the occasion as the chief guest.
While most people associate a high-end car like Audi with luxury and comfort, for Mannu Sharma and Amit Kashyap it proved to be an inspiration to set up their own tea stall in Mumbai.
Hyderabad will host India's first ever ePrix on February 11.
Air Chief Marshal Vivek Ram Chaudhari, chief of the air staff, flew a sortie in an IAF Rafale fighter while FASF Chief General Stephane Mille flew in an IAF Su-30MKI fighter.
The flypast will begin with "Dhwaj" formation with four Mi-17 aircraft, followed by "Rudra" and "Rahat" formations with 4 and 5 Advanced Light Helicopters, respectively.
The inaugural Formula E race in Hyderabad is scheduled for February 11 next year, joining the likes of New York, London and Rome on the calendar.
S&P Global Ratings has upgraded its long-term ratings on Tata Motors to speculative grade 'BB' with stable outlook on earnings improvements and potential deleveraging. The ratings agency had earlier placed Tata Motors in 'BB-'. As per S&P ratings, a BB grade is less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions.
