Moody's assigned a Ba3 rating to the proposed senior unsecured notes to be issued by Tata Motors
India's largest conglomerate has said it's open to finding partners for JLR to save on costs and share the burden of investing in electric vehicles
JLR's retail sales in China grew at double digits for the three months through September as new product launches boosted sales
India business in red by Rs 1,270 cr on poor sales
Tata Motors bought the maker of the Jaguar XE sedan and Land Rover Discovery sport utility vehicle from Ford Motor Co. in 2008
The Tata Motors-owned automaker has three manufacturing plants in the UK at Halewood, Solihull and Castle Bromwich
Porsche and Mercedes-Benz are also joining Formula E for the 2019-2020 season to help generate buzz for the new all-electric models they have coming out
Crisil on Wednesday downgraded the rating of Tata Motors by a notch to 'AA-' on weakening of outlook on the business risk profile of Jaguar Land Rover (JLR). The long term rating of the company has been downgraded from 'AA' to 'AA-' with negative outlook, Tata Motors said in a regulatory filing. The rating action is based on the weakening of outlook on the business risk profile of JLR, it said. Earlier this week, global ratings agency S&P reaffirmed Tata Motors' long-term issuer and issue credit ratings at 'B+' and kept the outlook negative due to high cash burn at its British arm Jaguar Land Rover and geopolitical risks.
Land Rover sales were at 26,559 units, up 5.6 per cent from the same month last year
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
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
In the June quarter, the Tata group company reported a 31% decline in net profit to Rs 48.79 crore
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
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
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
Compensation of Tata Motors MD & CEO Butschek rises 14% in the same period
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
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
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
The model will be available in four variants powered by a 2.0 litre diesel engine, JLR India said in a statement