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Tata Motors global sales fall 5 per cent in July

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).

The total numbers of global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in July 2018 were at 40,443, up by 29 per cent, over July 2017. The total number of global wholesales of all passenger vehicles in July 2018 were at 52,196, down by 22 per cent, compared to July, last year, the company added.


“Global wholesales for Jaguar Land Rover were 35,007 vehicles (JLR number for July 2018 includes CJLR volumes of 4,076 units). Jaguar wholesales for the month were 12,427 vehicles, while Land Rover wholesales for the month were 22,580 vehicles,” the company said.

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Lloyds’ net interest margin rose to 3.17 per cent, up from 3.03 per cent a year

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Inflation bites, unemployment rises, costs spike, yet how banks make billions?

  • Lloyds posts £2bn profit as higher interest rates boost margins
  • Mortgage costs rise sharply while households face growing pressure
  • Stagflation risks emerge with slower growth and rising unemployment

Even as inflation rises, unemployment edges up and household costs continue to climb, banks are reporting stronger profits. The latest results from Lloyds Banking Group highlight this contrast, with the lender posting a quarterly pre-tax profit of £2 billion, up 33 per cent year-on-year and ahead of expectations.

The gains come largely from higher interest rates. As borrowing costs rise, banks are able to charge more on loans while keeping deposit rates relatively lower, widening their margins. Lloyds’ net interest margin rose to 3.17 per cent, up from 3.03 per cent a year earlier, reflecting this shift. The bank also upgraded its outlook for net interest income to more than £14.9 billion, pointing to sustained higher rates.

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