Page 8 - Tata Motors Jaguar Land Rover

CRISIL downgrades rating of Tata Motors to 'AA-' on JLR outlook

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.

Tata Motors hits lowest level since September 2011 as stock skids 7%

In the past three months, the stock has tanked 36 per cent, as compared to a 4 per cent decline in the Sensex.

Tata Motors hits over 7-year low on weak Q1 results; recovers later

Tata Motors hit its lowest level since September 13, 2011, when it had touched Rs 136 in the intra-day trade.

Jaguar wants to accelerate growth as it completes 10 years in India

The company, which assembles six out of the 11 models that it sells in India, is open to more local manufacturing depending on the market growth of the luxury vehicles here in the country

Tata Motors needs new partners, solutions to stay relevant: Chandrasekharan

The next few years will be decisive for Tata Motors and the company needs to transform itself to be relevant in the world of future mobility by forming partnerships, developing new solutions and optimise investment, according to Chairman N Chandrasekaran. In his address to shareholders in the company's Annual Report for 2018-19, he also reiterated that transition to electric mobility needs to be well planned with government and industry working together to ensure development of ecosystem while incentives are provided to stimulate demand and sustainability goals are achieved. With Jaguar Land Rover (JLR) facing challenges in the last one year, Chandrasekaran said the British arm is taking steps to cut costs and is actively looking at partnerships while taking a calibrated approach towards future investment in the product portfolio. "The next few years are going to be decisive for our company. We have to focus on strong operational excellence to deliver positive cashflows while making

Tata Motors dismisses report of sale of Jaguar Land Rover, says no truth

A Press Association report claimed sale of Jaguar Land Rover to a french company. Tata says no truth in these rumours.

Tata Motors gains 5% as JLR expects earnings to improve in Q4

The company continues to execute its product plans and Project Charge turnaround strategy to deliver 2.5 billion pounds of cash flow improvements by March 2020, it added.