Page 10 - Jaguar Land Rover

S&P reaffirms B+ rating for Tata Motors, keeps outlook 'negative'

Ratings agency S&P has reaffirmed Tata Motors' long-term issuer and issue credit ratings to be 'vulnerable to nonpayment' while keeping the outlook negative. S&P Global Ratings said it has reaffirmed 'B+' on Tata Motors' long-term issuer and issue credit ratings while keeping negative outlook due to high cash burn at its British arm Jaguar Land Rover, geopolitical risks such as Brexit and the US tariffs, and India's automotive market slowdown. The ratings agency has also removed the company from CreditWatch stating geopolitical risks could take longer than expected to play out. "We expect Tata Motors' cash flow to stay negative at least for the next 12-24 months until global automotive demand recovers, the company's Chinese operations stabilise, and the expected cost cutting restores its financial health," S&P said in a statement. Tata Motors' first-quarter fiscal 2020 performance remained weak, despite expectations of a recovery over the next 12-24 months, it added. "In

Over 800 Indian companies want minimal disruption as Brexit looms

The country's new prime minister, Boris Johnson, was elected by his Conservative Party on the assurance that Britain would leave the EU by October 31

Tata Elxsi to de-risk business model; focus on rail communication

In the June quarter, the Tata group company reported a 31% decline in net profit to Rs 48.79 crore

Tata Motors scouts for partners to fund JLR's capital expenditure needs

JLR has already pared capex by almost a fifth in the last 12 to 18 months and may have to do more in the wake of multiple headwinds

Eager to assemble more cars locally, but high taxation a hurdle: JLR India

The company said lowering of GST from the current 28 per cent to 18 per cent would help the industry recover from the slowdown and in turn spur employment generation

Tata JLR unveils major electric car investment plans for UK

The company said these critical steps will also support and grow the existing supply chain, making the UK less dependent on essential materials sourced abroad today

Jaguar Land Rover CEO Ralf Speth's salary falls 42% in two years: Report

Compensation of Tata Motors MD & CEO Butschek rises 14% in the same period

Jaguar Land Rover plans to build electric cars at UK factory: Report

An all-electric version of its XJ luxury saloon will be the first of three new vehicles to be made from a common skeleton followed by a sport utility vehicle, the Sunday Times said

Govt should stop terming luxury cars sin goods, reduce GST burden: JLR

At present, the Indian luxury vehicles market is around 40,000 units annually, and JLR with its product portfolio addresses a segment of around 27,000 units

Jaguar Land rover reports 12.2% dip in global sales at 42,370 units in May

Sales of Jaguar brand of vehicles stood at 13,142 units in May, a dip of 9.4 per cent over May 2018, the company said in a statement

Jaguar launches 2019 edition of Discovery starting at Rs 75.18 lakh

The model will be available in four variants powered by a 2.0 litre diesel engine, JLR India said in a statement

BMW, Jaguar Land Rover team up to develop electric motors, transmissions

BMW and Jaguar Land Rover said they will save costs through shared development, production planning and joint purchasing of electric car components

JLR launches new petrol variant of Range Rover Sport priced at Rs 86.7 lakh

Jaguar Land Rover India Tuesday launched the latest version of petrol variant of Range Rover Sport in the country, priced at Rs 86.71 lakh (ex-showroom). Available in S, SE & HSE trim, the new model is powered by a 2.0 litre petrol engine with a twin-scroll turbocharger that delivers a power output of 221 kW and 400 NM of peak torque. "The success of the Range Rover Sport has been integral in driving demand for the Land Rover portfolio in India. The Model Year 2019 2.0 l petrol derivative should further increase the aspirational value of the flagship model at an attractive and exciting price," JLR India President and Managing Director Rohit Suri said in a statement. The model comes with various features including three-zone climate control and cabin air ionisation. JLR sells its vehicles in India through 26 authorised outlets.

JLR begins sale of locally-manufactured Range Rover Velar trim in India

The locally manufactured model is offered in a single trim, R Dynamic-S variant, and is available with both petrol and diesel powertrains

Jaguar Land Rover begins Brexit-linked UK plant shutdowns for five days

Automotive firms face a number of possible risks under a disorderly Brexit, including delays to the supply of ports and finished models, new customs bureaucracy, and the need to recertify models

JLR to unveil first hybrid car from Land Rover portfolio in India by 2019

In the second half of 2020, the company plans to launch its first battery electric vehicle, the Jaguar I-PACE

JLR India to hike prices on select models by up to 4% from April 1

Jaguar Land Rover India Tuesday said it will increase prices of select products by up to 4 per cent with effect from April 1. The company, however, did not specify which models will be affected by the price hike. "This increase in price is purely inflationary and we are certain that the two global iconic brands, Jaguar and Land Rover, will continue to attract existing and new customers," Jaguar Land Rover India President & Managing Director Rohit Suri said in a statement. JLR India's products under the two brands Jaguar and Land Rover ranges from Jaguar XE with price starting at Rs 40.61 lakh to Range Rover tagged at Rs 1.79 crore. Last week, Toyota Kirloskar Motor (TKM) had also announced that it would increase prices of some of its products from next month in order to offset rise in input cost. TKM, however, did not disclose the quantum of hike and the models that would become costlier.

Tata Motors' JLR recalls 44,000 cars in UK over high CO2 emission levels

The UK-based luxury car-maker said on Thursday that it will contact the owners of the affected vehicles to arrange for free-of-charge repairs

Have your cake and eat it too: How Tata can save JLR without selling stake

Had holding company Tata Sons Ltd. been a publicly traded firm, it could have raised equity relatively easily to help tide JLR over

Jaguar Land Rover set for major investment in UK amid turmoil in market

Last month, Jaguar Land Rover's owner Tata Motors Ltd reported the biggest-ever quarterly loss in Indian corporate history