Sequentially, both wholesales and retail sales increased
A key factor is that JLR reported increased sales for Q1FY24 reflecting continuing improvement in chip and other supply constraints
In a segment first feature, Tata Nexon's instrument cluster also shows navigation-related information apart from on the touchscreen
The Punch is based on the same ALFA (Agile, Light, Flexible, Advanced) architecture on which the Tata Altroz has been built and got five-star safety ratings from the Global NCAP
Tata Motors has planned an investment of Rs 8,000 crore in FY24
JLR, Tata Motors to be anchor customers of EV battery unit
Maruti Suzuki has clarified that it will not get into diesel vehicles and instead focus on developing and introducing CNG and strong hybrid vehicles
Thus far in the calendar year 2023, shares of Tata Motors and Tata Motors DVR have rallied 48 per cent, as compared to 2.8 per cent rise in the S&P BSE Sensex.
Tata Motors Inaugurates South Gujarat's Largest Automobile Showroom, Pragati Vehicle in Surat and Bardoli
On FY24 outlook, Tata Motors said it remains optimistic on demand despite near term uncertainties while anticipating moderate inflation.
Tata Motors Q4 preview: Analysts see double-digit revenue and profit growth on the back of strong growth across India and JLR business
Higher volumes needed to offset the near term pressure on financials
CLOSING BELL: The S&P BSE Sensex was up 65 points, while the Nifty 50 added six points. Tata Motors, NTPC, Asian Paints, SBI and Bharti Airtel were the prominent gainers.
UK-based Jaguar Land Rover (JLR) luxury carmaker on Wednesday announced a major investment plan of GBP 15 billion over five years, backed up by a Gigafactory planned by Indian parent company Tata Group in Europe. JLR Chief Executive Adrian Mardell confirmed plans for the company's plant in Halewood, north-west England, to become an all-electric production facility as he reaffirmed the firm's commitment to the Reimagine strategy, which will reposition the luxury car manufacturer as an electric-first company by 2030. He also revealed that JLR would be the anchor customer of the Tata Group's proposed Gigafactory, an announcement related to which he said is hopefully imminent. JLR will not be building a Gigafactory; that is not within our plans. Tata will be building a Gigafactory. We are clear it's going to be in Europe. A final destination hasn't yet been chosen," Mardell told reporters at a media event in Gaydon, the company's base in the West Midlands region of England. The importa
Tata Motors on Friday reported an 8 per cent year-on-year increase in group global wholesales, including that of Jaguar Land Rover (JLR), at 3,61,361 units in the fourth quarter of FY23. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in the January-March period this year stood at 1,18,321 units, up 3 per cent over the same period of FY22, Tata Motors said in a statement. Dispatches of all passenger vehicles in the fourth quarter increased 10 per cent to 1,35,654 units over the corresponding quarter of the previous fiscal, it said. Global sales of JLR stood at 1,07,386 vehicles in the March quarter, which comprised 15,499 units of Jaguar and 91,887 units of Land Rover, it said.
This possible IPO along with the receipt of consideration of EV deal with TPG will support FCF generation from the India business to attain near debt zero in the India business, MOFSL said.
The initial sale in the engineering unit of luxury carmaker Jaguar Land Rover's owner will comprise a 23.6% stake, according to a filing
Appointment comes at a time when JLR is facing supply chain issues hampering its production
Tata Motors will benefit from a macro recovery in India, company-specific volume/margin drivers, and a sharp improvement in FCF and leverage in both JLR and India ops, Motilal Oswal said in a note.
Earlier this month, JLR said it might miss a target of becoming net-debt free by next year as the supply-chain crisis crimped output