- Saturday, March 25, 2023
THE Indian owner of carmaker Jaguar Land Rover has requested £500 million ($603m) from the British government to help it build a UK battery plant, the Financial Times reported Wednesday (1). Tata Motors has given the government "weeks" to pledge financial support as it decides whether to build the factory…
TATA MOTORS-owned Jaguar Land Rover plans to recruit 100 more engineers at three new hubs across Europe to develop self-driving cars, The Telegraph reported. The company plans to hire tech workers who have been laid off recently for its facilities in Munich, Madrid, and Bologna in Italy. According to JLR,…
India’s Tata Motors-owned Jaguar Land Rover will cut the production of lower-end vehicles in its UK facilities early next year as the carmaker prioritises high-margin products amid the global shortage of semiconductors. Parts of its Solihull factory where lower-price Range Rover Velar and the Jaguar F-Pace are produced will move…
Tata Motors (TAMO.NS)-owned luxury carmaker Jaguar Land Rover said on Wednesday that Chief Executive Officer Thierry Bollore would resign due to personal reasons after more than two years in the role. Adrian Mardell will take over as CEO on an interim basis, JLR said. A 32-year JLR veteran, Mardell is…
Britain's trade negotiations with India should prioritise reducing tariffs on manufactured goods to benefit sectors like the automotive industry, the mayor of England's second biggest metropolitan area told Reuters. Britain and India are seeking to strike a comprehensive free trade agreement (FTA), but missed a late October deadline set by…
VETERAN stock market investor Rakesh Jhunjhunwala, often referred to as India's Warren Buffett, died in Mumbai on Sunday (14). He was 62.Jhunjhunwala died early in the morning due to a cardiac arrest, a source in his newly set up airline said.Known as the Big Bull of Indian markets, his net…
Automotive giant Tata Motors said its subsidiary will acquire Ford India's Gujarat-based manufacturing facility for Rs 7.25 billion (£75 million). Tata Passenger Electric Mobility Ltd (TPEML) and Ford India Pvt Ltd (FIPL) have signed a unit transfer Agreement (UTA) for the acquisition of the plant in Sanand. Tata Motors will…
The five Conservative contenders still vying to be Britain's next prime minister clashed over tax cuts in a second televised debate on Sunday. With no clear candidate to succeed Boris Johnson who is stepping down after a series of scandals, the battle to be the next leader remains unpredictable and…
Indian automaker Tata Motors Ltd has signed an agreement to potentially buy a Ford Motor manufacturing facility in the western state of Gujarat as it looks to ramp up its production of electric vehicles. The owner of Jaguar Land Rover already dominates India’s fledgling electric car market, which the government…
INDIA's Tata Group head has won hearts when he travelled in India's cheapest car this week. The chairman emeritus of the Tata Group, Ratan Tata reached in Mumbai's iconic Taj hotel, which is also owned by the Tatas, on Tuesday (17), in a Tata Nano, according to media reports. After…
Improved demand helped India's Tata Motors narrow losses, the carmaker reported Thursday, even as chip shortages continued to hurt sales at British subsidiary Jaguar Land Rover. The Mumbai-headquartered automaker reported its fifth straight quarter of losses for the three months ended March 31, but said it was able to manage…
INDIA's Tata Motors-owned Jaguar Land Rover has said that its supply of semiconductors had improved in the first quarter, according to a report. It is viewed as a sign that a global shortage of computer chips is slowly starting to ease. The British manufacturer reported sales of 76,526 vehicles during…
Akshata Murty, the Indian wife of embattled British chancellor Rishi Sunak, is richer than the queen as the daughter of a self-made tech billionaire and a no-less-formidable engineer and philanthropist mother. Sunak, once seen as a future prime minister, has seen his popularity sink because of surging consumer prices, while…
JAGUAR LAND ROVER has said it is pausing deliveries of its cars to Russia due to “trading challenges”, while leading steelmaker ArcelorMittal announced a reduction in its production in Ukraine.A statement from Britain-based JLR, owned by India's Tata Motors said on Tuesday (1), “the current global context... presents us with…
INDIA's Tata Motors-owned Jaguar Land Rover (JLR) has formed a strategic partnership with US-based chipmaker Nvidia to develop and deliver automated driving systems and AI-enabled services, reported The Times. According to the report, the new collaboration is for vehicles launching in 2025 and beyond. However, the financial terms of the…
AUTOMAKERS Ford, Suzuki and Hyundai are among 20 companies that will be eligible for incentives under India's $3.5 billion scheme to boost clean fuel vehicles, the government said. The federal cabinet last year approved a plan under which it will give benefits to the automobile sector over a five-year period to…
N CHANDRASEKARAN was on Friday (11) reappointed as the chairman of Tata Sons - the holding company of the salt-to-software Tata Group - for a second five-year term. His reappointment was backed by Ratan Tata, chairman of Tata Trusts, the majority owner of Tata Sons.Tata Sons board met on Friday…
South Korea's Hyundai Motor faced calls on Monday (7) for a boycott of its cars from Indians incensed over a tweet from the account of its Pakistan partner that expressed solidarity for the people of Kashmir.The row erupted last Sunday (6), a day after Pakistan marked the annual Kashmir Solidarity…
INDIA's Tata Motors, the owners of the Jaguar and Land Rover brands, reported a fourth consecutive quarterly loss, weighed down by higher commodity prices and the global chip shortage. Microchips are a key component in car manufacturing but automakers around the world have been hamstrung by limited supplies due to…
Britain-India pact will open doors in every nation of the UK, Jayawardena says A BRITISH minister has made it clear for the first time that all parts of Britain will benefit from a UK-India Free Trade Agreement (FTA). Ranil Jayawardena, parliamentary under secretary of state at the Department of International…
JAGUAR Land Rover (JLR) has partnered with Unipart Logistics to provide customer service solutions across the automaker’s North American aftermarket.According to the three-year contract between the two British multinational companies, Unipart will provide back-office services for JLR, communicating with retailers in the continent.The logistics company said a 30-member team based…
CAMPAIGNERS have accused the UK advertising watchdog of bias for overturning a draft ruling that banned adverts for a mud-splattered Land Rover Defender off-roader in a forest, The Guardian reported. Earlier, the Advertising Standards Authority said the ad encouraged “socially irresponsible” driving that could “cause damage to vulnerable habitats”. The…
TATA Motors-owned Jaguar Land Rover (JLR) expects the semiconductor shortage situation to gradually start recovering in the remaining part of the current financial year. The British multinational automotive company in the meantime will continue to take steps to contain the impact of the shortage on its operations across the globe.…
RETAIL sales of Jaguar Land Rover (JLR) dived 18 per cent during the July-September quarter despite the order book hovering at record levels. It blamed the slump in its sales on the shortage of microchips, saying supply status and outlook remain “challenging”. The company said the situation is expected to…
THE West Midlands India Partnership (WMIP) has unveiled a new strategy to strengthen links between the English region and India. Titled ‘Stronger Together’, the strategy of the region’s official engagement body aims at enhancing collaboration in science and education and increasing two-way trade and investment within the West Midlands-India corridor.…
INDIA has revised its proposed $8 billion scheme for the auto sector which will now focus on incentivising companies to build electric and hydrogen fuel-powered vehicles, reported Reuters. This is a significant shift from the government's original plan to incentivise auto and auto part makers to build mainly gasoline vehicles…
GLOBAL shortage of semiconductor continues to hurt the production of Jaguar Land Rover (JLR), while car sales recover after the pandemic. JLR, which brings in most of the revenue for the parent group Tata Motors, saw an on-year rise of 68 per cent in car sales, BBC reported. However, the…
AUTOMOBILE retail sales in India dropped 55 per cent in May compared to April as vehicle registrations were hit due to lockdowns in various states, the Federation of Automobile Dealers Association (FADA) said on Thursday (10). Sales in all segments were hit last month as most showrooms remained closed as…
INDIAN auto major Tata Motors has raised $425 million (£301m) through unsecured offshore bonds at a rate of 4.35 per cent to refinance existing debt of its subsidiaries. The company has raised the sum through its wholly-owned arm TML Holdings Pte Ltd (TMLH). TMLH is the holding company of…
BRITAIN’s largest automotive employer Jaguar Land Rover (JLR) has said that it targets an annual turnover of £30 billion and profits of £3 billion within five years. The carmaker reported a more-than-doubling of sales in China between January and March. Sales in China of 111,000 units represented a year-on-year increase of…
INDIA's Tata Motors announced a $1 billion loss Tuesday (18) despite a strong performance in the first quarter of 2021 as restructuring costs related to its British luxury car brand Jaguar Land Rover (JLR) hit the automaker's bottom line. The Mumbai-headquartered firm posted a consolidated net loss of Rs 76bn…
THE output at two of Jaguar Land Rover's (JLR) British car factories will be temporarily halted from Monday (26), due to Covid-19 supply chain disruption, including a lack of semi-conductors. "We have adjusted production schedules for certain vehicles which means that our Castle Bromwich and Halewood manufacturing plants will be…
By Amit Roy THERE was an Indian touch at Prince Philip’s funeral in Windsor last Saturday (17) when his coffin was carried on a custom Land Rover that the Duke of Edinburgh himself designed over a period of nearly 20 years. Jaguar Land Rover (JLR) is owned by India’s Tata…
INDIAN-owned luxury car brand Jaguar has said that it will produce only electric vehicles from 2025 as governments put pressure on the business world to slash carbon emissions and consumers demand greener products. Jaguar Land Rover, owned by Mumbai-based Tata Motors, will invest £2.5 billion ($3.5 billion) annually under its 'Reimagine'…
INDIA's Tata Motors has reported 67 per cent increase in profits during the last quarter of 2020, the company said Friday(29), benefiting from pent-up demand that saw consumers flock to buy cars. The Mumbai-headquartered firm, which owns British luxury brand Jaguar Land Rover (JLR), saw consolidated net profit climb to…
THE number of robots used in various sectors in India has increased drastically during the pandemic, reports say. The 5ft tall Mitra robot, developed by the Bengaluru startup Invento Robotics, has been widely used in the country in the healthcare sector during Covid-19. The robot, which costs around £10,000, navigates…
India's Tata Motors reported wider losses for the July-September quarter on Tuesday as the coronavirus pandemic hammered demand in domestic and international markets. The Mumbai-headquartered firm, which owns British luxury brand Jaguar Land Rover (JLR), announced a consolidated net loss of 3.14 billion rupees ($42.61 million) for the quarter ending…
TATA MOTORS-OWNED Jaguar Land Rover (JLR) has spotted a silver lining even as it reported a 11.9 per cent dip in sales in the second quarter this fiscal to 1,13,569 units as compared with the same period last year. The company's sales, however, improved by 50 per cent during the…
JAGUAR LAND ROVER (JLR, subsidiary of India's Tata Motors, will launch Land Rover Defender SUV in the Indian market on October 15. A statement from the company said that bookings for the model has already been commenced. "It will be a proud moment for Land Rover to bring the iconic…
INDIA's Tata Motors has dismissed the speculation that it may sell a stake in Jaguar Land Rover and said that the Coventry-based car maker is a 'key pillar' of the group. Recent reports said that Tata had ended talks about government-backed bailouts for JLR. While responding to reports in the…
India's Tata Motors on Friday (31) reported a major quarterly loss as coronavirus lockdowns hit sales in domestic and international markets including Europe and China. Mumbai-headquartered Tata Motors, the parent of British luxury marque Jaguar Land Rover (JLR), announced a consolidated net loss of 84.39 billion rupees ($1.13 billion) for…
Jaguar Land Rover has picked ousted Renault boss Thierry Bollore as its next chief executive, with a mission to return Britain’s biggest carmaker to profit after a big hit from the Covid-19 pandemic. Bollore took over at Renault in January 2019 after the fall of Carlos Ghosn, but was always…
Tata Steel is exploring plans to close its two blast furnaces at its Port Talbot steelworks in Wales and replace them with electric arc furnaces as part of plans to acquire millions of pounds via a UK government coronavirus bailout fund, according to a UK media report. The Indian steel…
A new West Midlands-India Partnership (WMIP) launched on Friday (26) to enhance UK-India relations with a special focus on tourism, trade and investment in the region. The partnership, led by the West Midlands Growth Company, will support the region’s long-term economic growth plans as part of a five-year programme of…
INDIA's Tata Motors reported a loss of $1.3 billion for the first quarter (Jan-March) of 2020 as sales in its key markets of China and Europe were hit by the Covid-19 pandemic. The Mumbai-based automaker had just returned to the black in the previous quarter amid Chinese demand for its…
THE number of people on British company payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labour market, and vacancies plunged by the most on record, official data showed on Tuesday (16). The unemployment rate unexpectedly held at 3.9 per cent over the…
INDIA's Tata Motors on Monday (15) reported a loss of £1.14 billion for the first three months of this year as sales in its key markets of China and Europe were hit by the coronavirus pandemic. The Mumbai-headquartered firm had just returned to the black in the previous quarter amid…
Jaguar Land Rover (JLR), owned by India’s Tata Motors, has entered into agreements with lenders in China for an unsecured 3-year term loan facility of £560 million ($704.50 million), marking its first debt financing in China, it said. The loan is expected to be drawn from the week starting June…
INDIAN automobile major Tata Motors on Tuesday (2) said it has resumed operations across all its manufacturing plants in India. The company has restarted operations at all plants with Jamshedpur facility also getting approval on May 27, Tata Motors said in a regulatory filing. Around 59 per cent of company's passenger…
By Amit Roy WHEN Jaguar Land Rover (JLR) once wanted to borrow money from Gordon Brown’s Labour government in 2008 to tide it over a cash-flow problem, the response of his business secretary, Peter Mandelson, was not helpful. He took the view JLR was an Indian company which could get…
South African high commissioner to India Sibusiso Ndebele has said that the chemistry between president Cyril Ramaphosa and prime minister Narendra Modi will benefit both the countries post-COVID-19. The diplomat was participating in a webinar titled "Africa Economic Update – COVID & Beyond: Focus Southern Africa". "As far as our…
Tata Motors owned Jaguar Land Rover (JLR) on Monday (20) said it would be extending its temporary pause in production lines in the UK by a few weeks amid the ongoing coronavirus lockdown. The UK's largest carmaker said it plans an "orderly return" for its plants located at Castle Bromwich,…
Passenger vehicle (PV) exports from India saw a marginal rise during 2019-20, with Hyundai leading the segment with dispatches to various global markets, as per the latest data by the industry body. PV exports stood at 6,77,311 units in FY20 as against 6,76,192 units in 2018-19, a marginal growth of…
INDIA'S Tata Motors is rapidly scaling down activity at its car factory in the western state of Maharashtra and is preparing to close it if concerns about coronavirus deepen, the company said on Friday (20). The move by Tata Motors, which owns the British luxury car brands Jaguar and Land…
BRITAIN’S largest carmaker Jaguar Land Rover (JLR) said that it would suspend production at its manufacturing plants in the UK. The Tata Motors-owned firm on Thursday (19) added that it would temporarily suspend production from next week in a bid to curb further spread of Covid-19. “The company’s intention is to resume…
TATA MOTORS owned Jaguar Land Rover (JLR) said that it will suspend production in Slovakia. The luxury automaker will suspend production temporarily at its Slovakia-based Nitra plant following the coronavirus (Covid-19) pandemic. However, JLR, which is owned by the Indian auto giant, said late on Tuesday (17) that some of its limited…
THE coronavirus outbreak has hit Jaguar Land Rover’s (JLR) retail sales in China, and it is expected to lower the profit of Britain’s largest carmaker, Tata Motors said on Friday (6). JLR’s parent company said the outbreak has hit JLR’s retail sales in the Asian country and is likely to lower the…
Tata Motors-owned Jaguar Land Rover (JLR) has unveiled a new futuristic electric driverless car concept ‘Project Vector’. It is an advanced, flexible, multi-use electric vehicle that is "autonomy-ready", which was developed at the National Automotive Innovation Centre (NAIC). "Project Vector shows Jaguar Land Rover as a leader in innovation to…
PRINCE CHARLES on Tuesday (18) launched the Tata Motors' Jaguar Land Rover (JLR) innovation centre at the University of Warwick in central England. The £150-million National Automotive Innovation Centre (NAIC), dedicated to advanced automotive research, design and development, will house up to 1,000 academics, researchers, engineers and designers from across…
Tata Motors-owned Jaguar Land Rover (JLR) on Wednesday (22) said that around 500 jobs will be affected as it cuts down on shifts to optimise car production at its Halewood factory in Merseyside. The factory, which builds the Range Rover Evoque and Land Rover Discovery Sport in the north west…
INDIAN conglomerate owned Jaguar Land Rover (JLR) has acquired Bowler, the UK-based manufacturer of all-terrain performance cars, parts and rally raid vehicles. The Bowler business is now fully-owned by Tata Motors. Bowler will continue to operate from its premises in Belper for the foreseeable future. Since its inception, Bowler has…
IN a big win for Cyrus Mistry, a company law appeals court on Wednesday (18) restored him as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran as head of the holding company of over $110 billion salt-to-software conglomerate was illegal. The National Company Law Appellate Tribunal (NCLAT) held…
TATA MOTORS-OWNED Jaguar Land Rover (JLR) has reported a year-on-year 3.4 per cent decline in its total retail sales in November to 46,542 vehicles. The Indian conglomerate-run business said yesterday (9) that sales continued to improve in China after retail sales climbed 29 per cent marking the fifth consecutive month…
An Indian-origin man sentenced to eight years’ imprisonment for handling 19 stolen vehicles worth over £700,000 last year has been ordered to pay back £1.4 million Chirag Patel was subject to a confiscation order under the UK's Proceeds of Crime Act at Croydon Crown Court on Friday and the confiscation…
BMW may snap a stake in the loss-making Jaguar Land Rover (JLR). The speculations have increased following comments made by the boss of the German auto giant. Speaking at the launch of a new €200m battery research centre at the company’s Munich base, Oliver Zipse said: “Co-operation and working together…
TATA Group has approached two global auto giants in a bid to form partnerships for its beleaguered British automotive business, media reports said today (12). The deliberations by the Indian conglomerate are at an early stage, and it could still approach other potential partners, media reports said quoting people with…
JAGUAR LAND ROVER (JLR) has reported 41,866 units of retail sales last month, down 5.5 per cent compared to the same month last year, the company said today (11). The year-on-year (YoY) sales in China for the Tata Motors-owned brand has increased by 16.2 per cent, which marked the fourth…
INDIAN automaker Tata Motors reported Friday (25) narrowed losses as growing demand in China for Jaguar Land Rover offset dire conditions in its home market, beating analyst predictions. The company which owns Jaguar Land Rover (JLR) lost Rs 2.17 billion (£23.90 million) in the three months to September, down from…
Tata Motors has not produced a single unit of its entry-level car Nano in the first nine months of 2019, but sold just one unit in February in the domestic market although it is yet to officially announce that the model has been discontinued. The company has so far been…
BRITAIN’S largest carmaker Jaguar Land Rover (JLR) has secured the support of a Swedish agency to make sure that it can sell its vehicles in Europe after Brexit. The Tata Motors-owned company has turned to a certification agency in Sweden to ensure that its cars meet European standards, should the…
JAGUAR Land Rover (JLR) boss Sir Ralf Speth has called on the government to assist the formation of a world-class hub for the next generation of automobile technologies around the motor city of Coventry in the UK. Speth said on Thursday (26): “We are setting the base for the next…
BRITAIN’S largest carmaker Jaguar Land Rover (JLR) will shut all its UK plants for seven days in November. The latest decision was made to lessen the impact of Brexit scheduled for October 31. JLR chief executive Ralf Speth was quoted by the Telegraph: “We cannot think about it, we just have…
Passenger car sales in India plunged by 41 per cent in their worst monthly fall on record, data showed Monday (9), as the weakening economy hit demand and manufacturers called for government relief. It was the tenth straight month of falls in car sales amid soft consumer demand in Asia's…
THE narrow lanes in Aliyar and Kasan villages in Manesar, an automotive manufacturing hub on New Delhi’s southern outskirts, would usually be packed on Sundays with migrant workers employed at the nearby plants enjoying their day off, but not anymore. These are hard times for an area dependent on the…
TATA MOTORS-owned Jaguar Land Rover (JLR) is moving ahead with its plan to build a large vehicle parts distribution warehouse in the Midlands. The move by Britain’s largest carmaker has been described as the latest in a £2.5 billion cost-cutting programme amid turbulent automotive market conditions. If the authorities give…
INDIAN automakers Tata Motors Ltd and Mahindra and Mahindra Ltd (M&M) said on Friday (9) they would cut production at some plants in response to slowing demand that industry executives say has driven the sector into one of its worst downturns. Tata Motors, which had previously flagged a “challenging external…
Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning - not a single customer was in sight. "There used to be close to 15-20 bookings each day,…
TATA Motors plunged back into the red in the first quarter of 2019-20 with India's number one car maker on Thursday (25) blaming the losses on lower sales by its luxury Jaguar Land Rover brand. Tata said it lost Rs 36.99 billion ($536 million) in the three months up to June 30,…
THE UK government has created a new award and an engineering programme in honour of British Indian academic and manufacturing expert, Lord Kumar Bhattacharyya, who passed away earlier this year. UK business secretary Greg Clark announced the two initiatives in the House of Commons on Tuesday (16), which are conceived…
TATA Motors-owned Jaguar Land Rover (JLR) on Tuesday (16) said it will receive a £500 million guarantee from the UK government to underwrite a planned £625m loan facility from commercial banks to develop the next generation electric vehicles and future mobility solutions. The UK's largest automotive exporter said the guarantee…
TATA MOTORS is committed to leading the transition towards electric mobility in India and it looks to closely work with other group entities to create a viable environment for green vehicles, group chairman N Chandrasekaran said. Chandrasekaran in the Tata Motors' annual report for 2018-19 said that electric vehicles are…
JAGUAR LAND ROVER (JLR) is making a multi-million pound investment to build electric vehicles in Britain, in a major boost for the UK government and a sector hit by the slump in diesel sales and Brexit uncertainty. Britain's biggest car company, which built 30 per cent of the UK's 1.5…
IN a boost to the UK’s auto industry, Britain’s biggest car maker Jaguar Land Rover (JLR) has planned to produce next generation electric cars in Birmingham. The Indian conglomerate owned JLR’s move is expected to support 2500 workers at the factory. Tata Motors-owned firm is likely to make an official…
VEDANTA LTD has lost about $200 million (£158.90m) in profits ever since its copper smelter plant in India was shut more than a year back after police fired on protesters and killed 13 people, group chairman Anil Agarwal said. Agarwal added that the stoppage of production at the Tuticorin plant…
GERMAN high-end car giant BMW and Tata Motors-owned Jaguar Land Rover (JLR) announced Wednesday (5) they are teaming up to develop a new generation of electric motors. A joint team will be based in Munich and tasked with developing the "next generation electric drive units" which BMW will launch together…
BRITISH car-maker, Jaguar Land Rover (JLR) witnessed its biggest ever loss in the history last year after it recorded £3.6 billion loss. Tata Motors-owned firm blamed weak Chinese demand and a fall in diesel vehicle sales for its poor performance. Indian conglomerate controlled company said it returned to profitability with…
by Amit Roy NOT so long ago, the Tata-owned Jaguar Land Rover (JLR) was held up as the showpiece of British automotive manufacturing. But in the past few days, there have been credible reports that JLR might be sold or merge with the French group, PSA, owners of the Peugeot,…
INDIAN conglomerate owned Jaguar Land Rover (JLR) today (10) reported a 13.3 per cent drop in its total retail sales at 39,185 units last month, year-on-year basis. Tata Motors-owned Land Rover sales stood at 27,723 units in April, down 13.1 per cent when compared to April 2018. Jaguar sales were…
PSA GROUP said yesterday (9) it was ready to consider potential tie-ups, after the French carmaker's shares briefly rose on a report that it was in advanced talks with Tata Motors to acquire UK-based Jaguar Land Rover (JLR). The Peugeot maker declined to comment on a report by British news…
INDIA'S Tata Motors said on today (9) that there was no truth to a report saying a sale of Jaguar Land Rover to French automotive group PSA could be imminent. The Press Association said leaked information suggested a sale could be imminent, citing a "post-sale integration document", which outlines the…
by AMIT ROY A BRITISH minister has welcomed Indian investment in the UK, in contrast to the security concerns expressed about the entry of Huawei, the Chinese telecommunications giant, into Britain. The latter has been given permission by prime minister Theresa May’s government to help set up the UK’s new…
BRITISH carmaker Jaguar Land Rover (JLR) will move the assembly of its Land Rover Defender to its plant in Slovakia to make room for newer models at its factory in Britain, the company said today (30). The Defender 4X4, which is designed and engineered in Britain, will be unveiled later…
BRITAIN’S biggest carmaker, Jaguar Land Rover (JLR), is considering a bid for minicab operator Addison Lee. The US private equity company- Carlyle Group-owned minicab operator is on its way to selling its business in a price range between £300 million and £500m. Carlyle has hired Bank of America and Rothschild…
Jaguar Land Rover has started its week long closure of its production plants today (8) amid a decline in global sales. The Tata Motors owned firm’s four major production plants in Castle Bromwich, Solihull, and Wolverhampton in the West Midlands, and Halewood in Merseyside will remain shut until Friday (12). The four plants owned…
THE mechanics retrofitting cars with blast-resistant doors and bulletproof windshields in a Punjab garage have been flat out of late elections are looming, and politics can be a dangerous game in India. In the past, prime ministers were assassinated, political motorcades ambushed and party officials attacked, and some candidates aren't…
JAGUAR LAND ROVER (JLR) is recalling over 44,000 cars for repairs after regulators in the UK found some vehicle models were emitting more carbon dioxide than previously estimated. Britain’s biggest carmaker, owned by India's Tata Motors, will have to carry out free repairs on the models after the Vehicle Certification…
SHARES in India’s Tata Motors slipped almost 30 per cent today (8) after its Jaguar Land Rover (JLR) unit in UK recorded its biggest quarterly loss in recent years. Fall in Chinese demand for luxury cars, uncertainty over Brexit, and rising debts have adversely hit the auto manufacturer. JLR…
TATA-OWNED Jaguar Land Rover has recorded a £3.4 billion pre-tax loss in the December quarter amid a decline in car sales, the company said today (7). The car maker anticipates a loss for the financial year as a whole for the first time in a decade. Retails for the quarter were 144,602 vehicles, compared…
Britain's car exports to India registered a 4.81 per cent hike over the previous year, even as the automotive industry battled with Brexit uncertainties to record a 9.1 per cent fall in production figures, according to the latest figures released on Thursday (31). The Society of Motor Manufacturers & Traders…
Tata Motors owned UK’s largest car producer, Jaguar Land Rover (JLR) is on its way to make an announcement to axe thousands of jobs as the auto giant faces significant fall in demand in China and a decline in diesel car sale in Europe, media reports said on Thursday (10).…
The trend of muted consumer sentiments continued in December 2018, impacting the sales performance of Tata Motors commercial and passenger vehicles business in India, which dropped by eight per cent at 50,440 units as against 54,627 during a year ago period. In December 2018, liquidity crisis in the industry, higher…
Warwick Manufacturing Group (WMG) saw titans of industry highlight the huge untapped potential for British businesses to tap into the ever-growing Indian market. The conference took place at WMG, which recently saw the soft opening of the National Automotive Innovation Centre, a £150 million facility, the largest single automotive facility…
Tata Motors-owned Jaguar Land Rover (JLR) on Monday (8) revealed plans for a two-week shutdown of its West Midlands plant at the end of October to cope with weakening global demand for its luxury vehicles. JLR, however, stressed that it would not mean any job losses at the plant in…
BRITAIN’S biggest carmaker Jaguar Land Rover has yet to make an imminent decision on whether to build electric cars in its home market partly due to uncertainty over the final Brexit terms, its boss said on Tuesday (2). Owned by India’s Tata Motors, the automaker, which builds nearly a third…
The Indian Rupee (INR) touched an all-time low of 69.80 against the US dollar (USD) on Monday (13) following a weak trend in the currencies of developing countries. Following a high volatility in the currency market, India’s central bank, Reserve Bank of India (RBI) was seen intervening the market. However,…
Vinesh Phogat says India expects Olympic medals from its wrestlers but the grapplers do not have access to world class facilities required to produce such champions, though there has been "slight improvement" in training conditions. The 23-year old Vinesh from Haryana is in good form, having won gold medals at…
The Tata Motors Group recorded 5 per cent fall in the sale of its products including Jaguar Land Rover globally in July 2018 when compared to the same period last year (year-on-year). Tata Motors Group sold 92639 products in the last month, according to a company release on Saturday (11).…
Losses at Jaguar Land Rover dragged Indian carmaker Tata Motors into the red for the three months to June amid declining demand for its luxury cars and higher raw material costs, the company said on Tuesday (31). Tata Motors recorded a consolidated net loss of 19.02 billion rupees ($277 million)…
Jaguar Land Rover is to switch some UK car production to Slovakia, the group owned by India's Tata Motors said on Monday (11). JLR said it would move production of the Land Rover Discovery model early in 2019, potentially reducing the number of temporary workers employed by the group. "The decision…
Indian carmaker Tata Motors on Wednesday (23) reported a staggering 50 percent fall in quarterly net profit, blaming a huge one-off investment and a slowdown in sales. Consolidated net profit for the three months ending March 31 fell to 21.25 billion rupees ($310.53 million) from 43.36 billion rupees a year…
Jaguar Land Rover, owned by India's Tata Motors, has announced it will cut 1,000 jobs and reduce production at two units as the UK's biggest car-maker blamed Brexit, slumping sales of diesel vehicles and regulatory issues for its woes. Jaguar sales have fallen 26 per cent and Land Rover dropped…
Tata Motors-owned Jaguar Land Rover is planning to cut jobs as it scales back production at some of its UK sites amid what it termed as "headwinds" impacting the automotive industry. While Jaguar Land Rover (JLR) is yet to confirm the exact number of jobs to be lost, some reports…
Gujarat is poised to become the Detroit of India, thanks to the increasing number of automobile giants who have set up production units there. Sanand, located in Gujarat's Ahmedabad, was a sleepy hinterland before Tata Motors decided to relocate its Nano car project from Singur in West Bengal to Sanand…
Tata Motors-owned Jaguar Land Rover has announced plans to cut production at one of its UK plants in the wake of "uncertainty" around the Brexit vote as well as the future of diesel vehicles. Britain's largest car manufacturer, however, indicated that a change to the current three-shift production line is…
Indian carmaker Tata Motors on Tuesday (23) reported a 17 per cent fall in quarterly profits, as the pound depreciated against the rupee following Britain's vote to leave the European Union. The company's consolidated net profit for the three months ending March fell to 43.36 billion rupees ($668.72 million) from 52.11…
INDIAN automaker Tata Motors Limited’s British luxury arm Jaguar Land Rover will remain committed to all its manufacturing sites and investment decisions, a company spokeswoman said in a statement today (24). Earlier this morning Britain voted to leave the 28-nation European Union bloc and prime minister David Cameron announced he…
AROUND 300 striking workers of Tata Nano plant were on Saturday (March 19) detained by police when they gathered outside the plant to protest the suspension of their co-workers at Sanand GIDC in Ahmedabad in Gujarat. Police detained them soon after they gathered at around 11 a.m. to protest amid…
INDIA’S largest carmaker Tata Motors reported a three-fold increase in quarterly profits on Mon- day (30), boosted by strong sales of luxury British unit Jaguar Land Rover and a one-off insurance payment. Consolidated net profit for the three months to the end of March 2016 rose to `51.8 billion (£527…
THE peacefulness of the lush green fields of paddy and maize lining the road to Vemulaghat village in Telangana, India belies the anger of villagers protesting against the state’s plans to acquire about 21,000 acres of land for a reservoir. The Komuravelli Mallanna Sagar reservoir will irrigate 1.2 million acres…
SHARES in Tata companies fell today (October 27) after the Indian giant’s ousted chairman Cyrus Mistry warned it may face $18 billion in asset write-downs and accused directors of wrongfully dismissing him. Tata Motors and Tata Power were down nearly three per cent each, while Tata Steel was nearly two…
TATA Sons accused its former chairman, Cyrus Mistry, of levelling unsubstantiated claims and malicious allegations against the Indian conglomerate as the bitter and highly public row over his sacking escalated today (October 27). The acrimonious exchange has led aides to Prime Minister Narendra Modi to urge restraint in a dispute…
Family patriarch Ratan Tata sought to reassure rattled investors of stability at India’s biggest conglomerate on Tuesday (25) after the sudden sacking of chairman Cyrus Mistry sent Tata company shares falling. Seventy-eight-year old Tata has taken interim charge of the sprawling $100 billion tea-to-steel Tata Group, after Mistry was abruptly…
Shares in Tata Sons companies fell in early trade on Tuesday (25) after India’s biggest conglomerate shocked the Indian business world and abruptly sacked its chairman Cyrus Mistry. In a statement Tata Sons, the holding company of the massive $100 billion (£82 billion) Tata Group, said Monday (24) its board…
India’s Tata Sons dumped Cyrus Mistry as its chairman in a surprise announcement Monday (24), almost four years after his appointment as the first chief of the conglomerate from outside the Tata family. “Tata Sons today announced that its Board has replaced Mr. Cyrus P. Mistry as Chairman of Tata…
CAN TATA-OWNED JLR, PLUS NISSAN, HONDA, BMW AND TOYOTA STAY IN UK? AUTOMAKERS in Britain could benefit from medium and long-term opportunities after the UK’s vote to leave the European Union (EU), business minister Sajid Javid said on Tuesday (28). The auto industry, which punches above its weight in manufacturing…
Cyrus Mistry, the ousted former chairman of Indian conglomerate Tata, took his battle against former employer Tata Sons to court Tuesday (20), one of his spokesmen said. Mistry filed a suit against Tata Sons in the National Company Law Tribunal, a quasi-judicial body that hears corporate grievances, a day after…
Indian conglomerate Tata removed Cyrus Mistry as chairman of IT giant Tata Consultancy Services (TCS) on Thursday (November 10), weeks after dumping him as group chief in a move that stunned the country’s business world. Mistry was unceremoniously sacked last month as chairman of Tata Sons, the holding company of…
India’s Tata has ousted Cyrus Mistry as a director of its cash cow IT business Tata Consultancy Services as the Indian conglomerate steps up its purge of its former chairman. TCS said in a statement late on Tuesday (13) that shareholders had voted overwhelmingly at an extraordinary general meeting in…
Tata Motors-owned Jaguar Land Rover (JLR) has seen a 15.8 per cent hike in car exports from the UK to India in 2016, riding on the wave of growing number of “affluent buyers” in the country, according to the latest UK automotive industry figures. India is now the eighth largest…
Tata Motors-owned Jaguar Land Rover (JLR) has seen a 15.8 per cent hike in car exports from the UK to India in 2016, riding on the wave of growing number of “affluent buyers” in the country, according to the latest UK automotive industry figures. India is now the eighth largest…
India’s largest carmaker Tata Motors Tuesday reported a 96 percent fall in quarterly profits, due to a cash ban which hit domestic business and weak sales at its luxury Jaguar Land Rover unit. Consolidated net profit for the three months ending December fell to 1.12 billion rupees ($16.73 million) from…
India’s salt-to-steel conglomerate Tata Sons Friday (6) cranked up its legal tussle with ousted chairman Cyrus Mistry by calling for a shareholders’ meeting to remove him from its board. “Tata Sons has called for an EGM on February 6th to remove Cyrus Mistry as the director after receiving numerous complaints…
Tata Motors-owned Jaguar Land Rover (JLR) has seen a 15.8 per cent hike in car exports from the UK to India in 2016, riding on the wave of growing number of “affluent buyers” in the country, according to the latest UK automotive industry figures. India is now the eighth largest…