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Opinion | Why Are Maruti, Tata, Mahindra Making Fewer EVs?
If rare earth shipments don't resume soon, Indian manufacturers may be forced to import fully built motors from China, raising costs by 5-10%.
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EV Maker BYD Said to Be Planning to Invest $1 Billion in India for Electric Cars, Batteries
China's BYDÂ has submitted a $1 billion (nearly Rs. 8,200 crore) investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulato...
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Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
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Tata Motors Announces Sixth Straight Quarterly Loss Amid Chip Shortage, Inflation
Tata Motors announced quarter report on Wednesday, reporting loss due to inflation, COVID-19 lockdown in China, and chip shortages. However, the sale of electric vehicles reached 9,300 units in the quarter, four times as many as in the same quarter last year.
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How Semiconductor Shortage Affects The Auto Industry?
As demand for cars returns, automakers in India and around the world are announcing production cuts due to the global shortage of semiconductors.
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Jaguar Land Rover Global Sales Dip By 15.5% In August 2020
Tata Motors-owned Jaguar Land Rover has posted a decline of 15.5 per cent in sales for August 2020. According to the regulatory filing, the British automaker sold 28,887 units last month, seeing a sharp decline in year-on-year volumes when compared to the same month last year. The luxury carmaker also saw a year-on-year drop in sales in the markets...
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Jaguar Land Rover Raises $705 Million Loan From Chinese Banks
Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said.Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the thr...
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Tata Motors Warns Of JLR Profit Hit Due To Coronavirus
Indian automaker Tata Motors has warned of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as sales in China have taken a hit because of the coronavirus outbreak.
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Indian Automakers Say China Coronavirus Outbreak Hitting Parts Supply
Indian automakers Mahindra and Mahindra Ltd (M&M) and Tata Motors said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts.
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JLR Parent Tata Motors Posts Third-Quarter Profit Above Estimates
Analysts on average were expecting a profit of 10.19 billion rupees, according to IBES data from Refinitiv. JLR sales in China jumped 24.3% in the quarter.
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Tata Motors Posts Smaller Q2 Loss Of Rs. 217 Crore Due To Boost In JLR Sales In China
Tata Motors has officially come out with its financial results for the second quarter of Financial Year 2019-20. The home-grown automaker has reported a loss of Rs. 216.56 crore, beating the street's expectation by a huge margin, which predicted a loss of Rs. 1200 to Rs. 1500 crore.
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Jaguar Woes Add To Challenges For India's Most Indebted Empire
Although Jaguar posted a net income of 119 million pounds ($151 million) this week, debt at owner Tata Motors Ltd. has grown to almost $14 billion, as it struggles to tide over a demand slump in China, the world's biggest auto market.
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Tata Motors Reveals Turnaround Plan For Jaguar Land Rover After Loss
India's Tata Motors Ltd on Wednesday announced a turnaround plan for its luxury car unit Jaguar Land Rover which has been hit hard by trade tensions between China and the US, low demand for diesel cars in Europe and worries over Brexit. Under "Project Charge" Tata Motors said it plans to cut costs and improve cash flows at Jaguar Land Rover (JLR) b...
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Tata Motors Group Records 6 Per Cent Growth In September 2018
Tata Motors has sold 123,577 units of vehicles globally in September 2018 witnessing a growth of 6 per cent. The sales numbers include Tata Motors passenger vehicles, Tata Motors commercial vehicles and Jaguar Land Rover. Global wholesale at Tata Motors passenger vehicle division were down by 4 per cent at 71,559 units while the commercial vehicle ...
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JLR Pulls Tata Motors Down Into A Loss Of Rs. 1902 Crore In First Quarter
Indian automaker Tata Motors reported a consolidated net loss of Rs. 1902.4 crore in the first quarter of FY2019. The company had posted a net profit of Rs. 3199 crore during the same quarter last year. The company announced that it was hit by losses at its UK subsidiary Jaguar Land Rover (JLR) and higher raw material costs. Having largely been Tat...
-
Opinion | Why Are Maruti, Tata, Mahindra Making Fewer EVs?
If rare earth shipments don't resume soon, Indian manufacturers may be forced to import fully built motors from China, raising costs by 5-10%.
-
EV Maker BYD Said to Be Planning to Invest $1 Billion in India for Electric Cars, Batteries
China's BYDÂ has submitted a $1 billion (nearly Rs. 8,200 crore) investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulato...
-
Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
-
Tata Motors Announces Sixth Straight Quarterly Loss Amid Chip Shortage, Inflation
Tata Motors announced quarter report on Wednesday, reporting loss due to inflation, COVID-19 lockdown in China, and chip shortages. However, the sale of electric vehicles reached 9,300 units in the quarter, four times as many as in the same quarter last year.
-
How Semiconductor Shortage Affects The Auto Industry?
As demand for cars returns, automakers in India and around the world are announcing production cuts due to the global shortage of semiconductors.
-
Jaguar Land Rover Global Sales Dip By 15.5% In August 2020
Tata Motors-owned Jaguar Land Rover has posted a decline of 15.5 per cent in sales for August 2020. According to the regulatory filing, the British automaker sold 28,887 units last month, seeing a sharp decline in year-on-year volumes when compared to the same month last year. The luxury carmaker also saw a year-on-year drop in sales in the markets...
-
Jaguar Land Rover Raises $705 Million Loan From Chinese Banks
Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said.Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the thr...
-
Tata Motors Warns Of JLR Profit Hit Due To Coronavirus
Indian automaker Tata Motors has warned of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as sales in China have taken a hit because of the coronavirus outbreak.
-
Indian Automakers Say China Coronavirus Outbreak Hitting Parts Supply
Indian automakers Mahindra and Mahindra Ltd (M&M) and Tata Motors said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts.
-
JLR Parent Tata Motors Posts Third-Quarter Profit Above Estimates
Analysts on average were expecting a profit of 10.19 billion rupees, according to IBES data from Refinitiv. JLR sales in China jumped 24.3% in the quarter.
-
Tata Motors Posts Smaller Q2 Loss Of Rs. 217 Crore Due To Boost In JLR Sales In China
Tata Motors has officially come out with its financial results for the second quarter of Financial Year 2019-20. The home-grown automaker has reported a loss of Rs. 216.56 crore, beating the street's expectation by a huge margin, which predicted a loss of Rs. 1200 to Rs. 1500 crore.
-
Jaguar Woes Add To Challenges For India's Most Indebted Empire
Although Jaguar posted a net income of 119 million pounds ($151 million) this week, debt at owner Tata Motors Ltd. has grown to almost $14 billion, as it struggles to tide over a demand slump in China, the world's biggest auto market.
-
Tata Motors Reveals Turnaround Plan For Jaguar Land Rover After Loss
India's Tata Motors Ltd on Wednesday announced a turnaround plan for its luxury car unit Jaguar Land Rover which has been hit hard by trade tensions between China and the US, low demand for diesel cars in Europe and worries over Brexit. Under "Project Charge" Tata Motors said it plans to cut costs and improve cash flows at Jaguar Land Rover (JLR) b...
-
Tata Motors Group Records 6 Per Cent Growth In September 2018
Tata Motors has sold 123,577 units of vehicles globally in September 2018 witnessing a growth of 6 per cent. The sales numbers include Tata Motors passenger vehicles, Tata Motors commercial vehicles and Jaguar Land Rover. Global wholesale at Tata Motors passenger vehicle division were down by 4 per cent at 71,559 units while the commercial vehicle ...
-
JLR Pulls Tata Motors Down Into A Loss Of Rs. 1902 Crore In First Quarter
Indian automaker Tata Motors reported a consolidated net loss of Rs. 1902.4 crore in the first quarter of FY2019. The company had posted a net profit of Rs. 3199 crore during the same quarter last year. The company announced that it was hit by losses at its UK subsidiary Jaguar Land Rover (JLR) and higher raw material costs. Having largely been Tat...
