Latest Updates Around The World
Tata Motors Passenger Vehicles (TMPV) fell to a consolidated net loss in the December quarter from a year earlier profit, hit by the ongoing fallout from a cyber attack on British luxury car company Jaguar Land Rover and a challenging global demand environment.The Mumbai-based carmaker posted a net loss of ₹3,486 crore in the three […]
Jaguar Land Rover will begin assembling the Range Rover Evoque at a new factory in southern India on February 9, accelerating a shift to shift production and tap rising domestic demand for luxury cars.The first vehicle will roll out of Tata Motors Passenger Vehicles Ltd.’s 90 billion rupees ($994 million) Panapakkam plant in Tamil Nadu, […]
Shares of Tata Motors Passenger Vehicle fell as much as 4.5% to the day’s low of Rs 338 on the BSE on Monday after US President Donald Trump threatened to impose new additional tariffs of 10% on several European countries until the US is allowed to buy Greenland. The development is particularly important for Tata […]
Jaguar’s future will not resemble its past, and that is on purpose. Until recently, the British brand focused on competing with German carmakers in the premium segment with a range of luxury sedans, SUVs and sports cars. Unfortunately, that strategy never worked, as the company failed to keep pace with its counterparts in Europe and […]
Mumbai: Tata Motors Passenger Vehicles Ltd (TMPV) posted a sharp rise in net profit for the September quarter, supported by a large exceptional profit, offsetting weak performance from British unit Jaguar Land Rover, which suffered a severe production shutdown following a cyber-attack.Net profit rose to ₹76,170 crore in Q2FY26 from ₹3,450 crore a year earlier, […]
Ratings agency S&P Global on Thursday downgraded its outlook for India’s Tata Motors Passenger Vehicles to “negative”, citing a “slow recovery” of the carmaker’s core Jaguar Land Rover (JLR) unit, which was hit by a cyber attack early last month. The cyber incident at the British JLR, the cash cow unit of Tata Motors, led […]
Great -Britain will support Jaguar Land Rover with a loan guarantee of 1.5 billion pounds ($ 2 billion) to support the supply chain after the production of the luxury car manufacturer after a cyber attack. The closure of Jaguar Land Rover took almost a month and the government had investigated options to support the company […]
The British luxury car manufacturer Jaguar Land Rover said on Tuesday that it extended its current break in production until 24 September, after a disruption of a cyber security incident that was announced earlier this month. “Today we informed colleagues, suppliers and partners that we have extended the current break in our production until Wednesday […]
Mumbai: The Ultra-Luxe car market from India, an estimated CRORE of £ 2,000 annually, is confronted with uncertainty due to a lack of clarity about the timeline for the rollout of the UK-India Free Trade Agreement (FTA). At stake are British brands such as Rolls-Royce, Aston Martin, Bentley and McLaren In addition to some models […]
Mumbai: Tata Motors Group Finance Chief PB Balaji takes over when the Chief Executive of the Crown Jewel of the company, Jaguar Land Rover, on November 17, which will be the first Indian to lead the iconic British car church. At JLR, Balaji Adrian Marardell will replace, who retires after a 35-year term of office […]
