Tata Motors sees JLR back in profit this year on cost cuts, recovery in Chinese demand; says no plans to sell British auto arm
5 years, 7 months ago

Tata Motors sees JLR back in profit this year on cost cuts, recovery in Chinese demand; says no plans to sell British auto arm

Firstpost  

Britain-based JLR has been at the centre of media speculation in recent months, with reports Tata might look to sell a stake and also that the unit was set to announce a major investment in Britain. Mumbai/Bengaluru: Tata Motors expects its luxury Jaguar Land Rover arm to return to profit this financial year helped by cost cuts and a recovery in Chinese demand, it said on Monday, after the group’s fourth-quarter profit fell less than expected. Finance chief PB Balaji told reporters he expected Chinese sales of its sleek Jaguar saloons and Land Rover sport-utility vehicles to return to growth “a quarter from now.” Brexit-related disruption and a slowdown in sales in China, once Jaguar Land Rover’s fastest-growing market, have hammered Tata’s finances. Tata, India’s biggest automaker by revenue, said tighter control of expenses and a turnaround at JLR helped dull the impact of an economic slowdown at home as it posted its first quarterly profit for the fiscal year that ended on March 31. Last month, Tata’s domestic rival Maruti Suzuki India Ltd booked a 5 percent drop in quarterly net profit and forecast weak growth for the year ending March 2020 due in part to a consumer-led slowdown and tighter liquidity.

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History of this topic

Tata Motors Q2 net profit falls 11% to Rs 3,343 crore
2 months ago

Tata Motors Q2 net profit falls 11% to Rs 3,343 crore

Deccan Chronicle  

PUNE: Tata Motors, India’s biggest automaker’s consolidated net profit for the July-September quarter fell 11 per cent on-year to Rs 3,343 crore, driven by weak performance at its Jaguar Land Rover unit and in its commercial vehicles segment. Its consolidated revenue also dropped 3.5 per cent to Rs 1.01 lakh crore, largely impacted by lower sales volumes. Meanwhile, Tata Motors' …

Tata Motors sees Q2 profit fall on weak JLR, domestic auto sales, keeps near-term outlook cautious
2 months ago

Tata Motors sees Q2 profit fall on weak JLR, domestic auto sales, keeps near-term outlook cautious

Live Mint  

Tata Motors reported a drop in consolidated net profit in the second quarter of FY25, dragged down by weaker sales across its luxury car arm Jaguar Land Rover and domestic commercial and passenger vehicle businesses. On PLI, Balaji told Mint, “We are expecting that by Q3 we should have the first funds being released, which are rightfully due to us …

Tata Motors Q1 Results 2024: Net Profit Jumps 73.7% to Rs 5,566 Crore, Revenue Up 5.7%
5 months, 1 week ago

Tata Motors Q1 Results 2024: Net Profit Jumps 73.7% to Rs 5,566 Crore, Revenue Up 5.7%

News 18  

Tata Motors Q1 Results 2024: Tata Motors on Thursday declared its Q1 financial results. The auto major posted a 73.77 per cent jump in its net profit to Rs 5,566 crore for the June 2024 quarter. Jaguar Land Rover’s revenues grew by 5.4 per cent to £7.3 billion, with EBIT margins of 8.9 per cent driven by favourable volume, mix …

Tata Motors stock gains 6%, reaches new all-time high after Nomura upgrades rating to ’buy’
5 months, 2 weeks ago

Tata Motors stock gains 6%, reaches new all-time high after Nomura upgrades rating to ’buy’

Live Mint  

Shares of Tata Motors, a leading global automobile manufacturer, surged 6% to hit a fresh all-time high of ₹1,084.90 per share in today's trade following an upgrade from Japanese brokerage firm Nomura. The brokerage highlighted that Tata Motors’ strategy to transition Jaguar Land Rover from premium to luxury segments is expected to keep the brand competitive amidst rising competition. For …

Tata Motors Group Hikes Investment Outlay To Rs 43,000 Cr For FY25
7 months, 3 weeks ago

Tata Motors Group Hikes Investment Outlay To Rs 43,000 Cr For FY25

News 18  

Tata Motors group has raised its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm Jaguar Land Rover absorbing the maximum share, according to a senior company official. In FY24, Tata Motors group had given a guidance of 3 billion pound investment for Jaguar Land Rover and Rs 8,000 crore for Tata …

Tata Motors Rebounds After Monday's 9% Plunge, But Analyst Advises Caution
7 months, 4 weeks ago

Tata Motors Rebounds After Monday's 9% Plunge, But Analyst Advises Caution

News 18  

Tata Motors, which declined as much as nearly 9 per cent on Monday, on May 14 opened in green territory in the morning trade. On the BSE, Tata Motors’ shares rose Rs 5.65 or 0.59 per cent to close at Rs 965.2 apiece. Tata Motors’ shares on Monday declined below Rs 1,000, as its Q4 results missed Street estimates and …

Tata Motors Q4 Results: Net Profit Jumps Over 3-fold at Rs 17,528.59 Crore
8 months ago

Tata Motors Q4 Results: Net Profit Jumps Over 3-fold at Rs 17,528.59 Crore

News 18  

Tata Motors on Friday reported an over three-fold jump in its consolidated net profit to Rs 17,528.59 crore for the March 2024 quarter. Tata Motors’ net profit had stood at Rs 5,496.04 crore in the corresponding quarter last year, Tata Motors said in a regulatory filing. Revenue for the quarter was 7.9 billion pounds, up 11 per cent versus Q4 …

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%
8 months, 3 weeks ago

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%

Live Mint  

India's Tata Motors is planning to import its Jaguar Land Rover luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, according to a Reuters report. Import duties on some EV models have been slashed from as high as 100 percent to just 15 percent, provided the carmaker invests at …

Tata Motors Share Price today: Gains 4% to reach 52-week high. Here's why
10 months ago

Tata Motors Share Price today: Gains 4% to reach 52-week high. Here's why

Hindustan Times  

Tata Motors Share Price: Tata Motors shares gained 4 per cent hitting 52-week high of ₹1,027 today. Global brokerage firm JP Morgan assigned an "overweight" rating to Tata Motors share and a price target of ₹1,000 as it praised the company's decision to demerge the business saying that it reflects confidence in the personal vehicle segment being self-sustaining. This could …

Tata Motors hits 52-week high after 137% surge in Q3 profits reported
11 months ago

Tata Motors hits 52-week high after 137% surge in Q3 profits reported

Hindustan Times  

Shares of Tata Motors, India's most valuable carmaker, hit a record high on Monday, rising as much as 7.2%, after it reported a more than two-fold increase in third-quarter profit, driven by strong sales in its British luxury car unit, Jaguar Land Rover. Despite global demand being a concern, with JLR's strong order book, Tata Motors is on track to …

Tata Motors hits 52-week high after JLR Q3 wholesales surge 27 per cent
1 year ago

Tata Motors hits 52-week high after JLR Q3 wholesales surge 27 per cent

India TV News  

Tata Motors shares rose about 2.50 per cent to hit a 52-week high of Rs 809.20 on Tuesday after its wholly-owned subsidiary, Jaguar Land Rover, posted a 27 per cent rise in wholesales for the third quarter. Demand for Range Rover, Range Rover Sport, and Defender remains particularly strong, representing 76 per cent of the order book," the company said …

Tata Motors rides Jaguar Land Rover on road to turn net cash positive
1 year, 2 months ago

Tata Motors rides Jaguar Land Rover on road to turn net cash positive

Business Standard  

Tata Motors is on track to become a zero net debt company for its domestic business in 2023-24, and for Jaguar-Land Rover in the next financial year, according to analysts. The company on Friday announced a 9.9 per cent stake sale for Rs 1,613 crore in Tata Technologies to TPG Rise Climate Fund and Ratan Tata Endowment Foundation, implying a …

Jaguar Land Rover rakes in biggest profit since 2020
1 year, 5 months ago

Jaguar Land Rover rakes in biggest profit since 2020

Daily Mail  

Jaguar Land Rover hailed its owner Tata's £4billion gigafactory investment as a 'crucial' development for the car industry. JLR, Britain's biggest car company, also reported its best quarterly profit since 2020. JLR delivered its best profit haul since the three months to the end of 2020 The results came after Indian giant Tata Group last week chose Somerset ahead of …

JLR drives Tata Motors to ₹ 3,203 cr profit in Q1
1 year, 5 months ago

JLR drives Tata Motors to ₹ 3,203 cr profit in Q1

Live Mint  

NEW DELHI : Tata Motors Ltd swung to a consolidated net profit in the June quarter from a year-earlier loss lifted by robust sales of luxury vehicles by its British unit, Jaguar Land Rover, and an improved operating performance of its commercial vehicle business in India. The Mumbai-based automaker also announced that it will consolidate its capital base, converting all …

Tata Motors Q1 result to be announced today, may turn black this quarter
1 year, 5 months ago

Tata Motors Q1 result to be announced today, may turn black this quarter

Live Mint  

Tata Motors Q1 Result Preview: Automobile major Tata Motors is likely to report strong financial performance in the quarter ended June 2023 led by improving margins and healthy sales in its luxury arm Jaguar and Land Rover. The luxury car maker JLR is expected to see healthy volume growth of 30% YoY due to improved production levels, easing chip shortages …

Jaguar Land Rover plans annual investment of £3 billion by FY26
1 year, 6 months ago

Jaguar Land Rover plans annual investment of £3 billion by FY26

The Hindu  

Tata Motors' owned Jaguar Land Rover plans an annual investment of £3 billion while targeting a revenue of more than £30 billion by FY26, according to an investor presentation by the company. Jaguar Land Rover, which makes SUVs such as Range Rover, Defender and Discovery under the Land Rover brand and Jaguar luxury cars, expects to have revenue of more …

Jaguar will transform into all-electric luxury brand says Chandrasekaran
1 year, 7 months ago

Jaguar will transform into all-electric luxury brand says Chandrasekaran

Live Mint  

Jaguar Land Rover Chairman N Chandrasekaran has said that the company is on track to transform itself into an all-electric luxury brand and the first new cars will arrive in 2025. JLR Interim CEO Adrian Mardell said that the British automaker will start making pure-electric versions of its popular models like Range Rover, Defender and Discovery collections. To this end, …

Tata Motors share price hits new 52-week high ahead of Q4 results; check details
1 year, 7 months ago

Tata Motors share price hits new 52-week high ahead of Q4 results; check details

Live Mint  

Tata Motors shares touched new 52-week high ahead of its Q4FY23 results on Friday. The company is anticipated to release positive financial results for the three months ended in March, driven by margin expansion across divisions, robust India, and tracking a rebound in wholesale volumes at Jaguar Land Rover. Tata Motors shares opened at ₹513.90 apiece on NSE, and gained …

JLR's electrification drive puts Tata Motors' financial milestones on hold
1 year, 8 months ago

JLR's electrification drive puts Tata Motors' financial milestones on hold

Live Mint  

Tata Motors Ltd has seen a 21% increase in share value so far this year, as investors react positively to the better-than-expected performance of its UK-based subsidiary, Jaguar Land Rover Automotive Plc. The automaker's ambitious electric vehicle plans, which include a GBP15 billion investment in electrification over the next five years, have bolstered investor confidence. Nomura analysts emphasize the need …

Jaguar Land Rover to plough £15bn into electric car plants
1 year, 8 months ago

Jaguar Land Rover to plough £15bn into electric car plants

The Telegraph  

Jaguar Land Rover has promised to spend £15bn on re-tooling its factories in Britain for electric vehicles, despite uncertainty about battery supply. The British car manufacturer said it would be rebranding itself as simply JLR as part of a major overhaul announced on Wednesday. Despite truncating the iconic Land Rover in its name, chief commercial officer Lennard Hoornik insisted the …

Tata Motors shares rally 8% on strong JLR numbers. Buy or sell?
1 year, 9 months ago

Tata Motors shares rally 8% on strong JLR numbers. Buy or sell?

Live Mint  

Auto major Tata Motors was the biggest gainer among the BSE Sensex and NSE Nifty stocks, surging nearly 8 per cent in Monday's trade. On the downside, 440-425 will act as a strong demand zone at any pullback,” said Santosh Meena, Head of Research, Swastika Investmart Ltd. On Friday, Tata Motors reported an 8 per cent year-on-year increase in group …

Tata Motors’ JLR vrooms in Q4; margin performance holds key
1 year, 9 months ago

Tata Motors’ JLR vrooms in Q4; margin performance holds key

Live Mint  

Tata Motors Ltd’s British unit, Jaguar Land Rover Automotive Plc, seems to be turning the corner on the volume front. Recall that JLR’s performance in the first half of FY23 was a letdown, with the company missing the volume target in Q2 by 16%. JLR’s FY23 volume, excluding the joint venture with China, represents nearly 4% beat versus guidance even …

Rajan Amba Appointed as New Managing Director of Jaguar Land Rover India
1 year, 10 months ago

Rajan Amba Appointed as New Managing Director of Jaguar Land Rover India

News 18  

Jaguar Land Rover has announced the appointment of Rajan Amba as the new Managing Director of JLR India. Rajan is presently the Vice-President of Sales, Marketing and Customer Care at Tata Motors Passenger Vehicles. Martin Limpert, Regional Director, Overseas, Jaguar Land Rover said, “Rajan’s customer-centric mindset, broad experiences from different industries, and his passionate and authentic leadership approach, bring the …

Tata Motors swings into profits after 7 quarters, earns ₹3,043 crore in Q3 22
1 year, 11 months ago

Tata Motors swings into profits after 7 quarters, earns ₹3,043 crore in Q3 22

Hindustan Times  

Tata Motors has posted ₹3,043 as net profit for the quarter ended December 2022. Read here: Tata Motors delivers 50,000th electric car Its revenue went up 22.5 per cent to ₹88,500 crore, the company said, adding that earnings before interest, taxes, depreciation, and amortization was 11.1 per cent whereas its Ebit was 4.4 per cent. The company in a statement …

Tata Motors posts first profit in two years on demand surge; revenue up 23%
1 year, 11 months ago

Tata Motors posts first profit in two years on demand surge; revenue up 23%

Live Mint  

Automotive manufacturer Tata Motors on Wednesday posted its first quarterly profit in two years on rising demand for passenger cars as well as medium and heavy commercial vehicles. The Mumbai-headquartered company reported a consolidated net profit of ₹2,957.71 crore for the third quarter ending December. The auto major's consolidated operating profit, calculated as earnings before interest, taxes, depreciation and amortization …

Tata Motors Q3 results: Company posts Rs 2,958 crore profit
1 year, 11 months ago

Tata Motors Q3 results: Company posts Rs 2,958 crore profit

India Today  

Homegrown auto major Tata Motors today reported a consolidated net profit, the first for the company in two years, at Rs 2,958 crore for the quarter ended December 2022 on the back of a handsome performance by its luxury car arm, Jaguar Land Rover, which returned to profit amid an easing of semiconductor shortage and the resultant increase in production …

Jaguar Land Rover sees Q3 free cash flow above $485 million
2 years ago

Jaguar Land Rover sees Q3 free cash flow above $485 million

Live Mint  

Jaguar Land Rover on Monday forecast free cash flow for the third quarter at more than 400 million pounds, after reporting a 15% rise in wholesale volumes for the period on strong demand and improved chip supply. The British automaker, in its earnings statement for the second quarter, had forecast a positive cash flow for the second half of fiscal …

Tata Motors to hike commercial vehicles prices by up to 2% from Jan
2 years ago

Tata Motors to hike commercial vehicles prices by up to 2% from Jan

Live Mint  

Tata Motors on Tuesday said it will increase the price of its commercial vehicles by up to 2% from January 2023 across its range, depending upon individual models and variants. This is the third time that Tata Motors has hiked the prices of its commercial vehicles this year. Earlier this month, Tata Motors said its sales in the domestic and …

JLR puts Tata Motors in slow lane
2 years, 2 months ago

JLR puts Tata Motors in slow lane

Live Mint  

A slower-than-expected volume ramp up in Jaguar Land Rover Automotive PLC, Tata Motors Ltd’s UK-based subsidiary, is a damper for investors in the company’s shares. Tata Motors’ CV business has lost retail market share this year, according to Vahan data. In the PV business, with automakers such as Maruti Suzuki India and Mahindra and Mahindra launching new vehicles, the market …

Shares Of Tata Motors Zoom Over 10 Per Cent After Q4 Earnings
2 years, 7 months ago

Shares Of Tata Motors Zoom Over 10 Per Cent After Q4 Earnings

ABP News  

New Delhi: A day after Tata Motors reported narrowing of its consolidated net loss at Rs 992.05 crore in the fourth quarter ended March, the shares of the automaker rallied over 10 per cent on Friday. During early trade, the stock rose 8.30 per cent to Rs 403 on the BSE, while on the NSE, it spiked 8.31 per cent …

Tata Motors Q3 net profit surges 67% to ₹2,906 cr on festive boost
3 years, 11 months ago

Tata Motors Q3 net profit surges 67% to ₹2,906 cr on festive boost

Live Mint  

Tata Motors Ltd on Friday posted a 67.2% surge in profit for the December quarter, as the easing of coronavirus restrictions led to a pick-up in sales in several of the carmaker's key markets. Tata Motors, which owns Jaguar Land Rover, reported a consolidated net profit of ₹2,906 crore for the third quarter, compared with a profit of ₹1,738 crore …

Tata Motors may see improvement in consolidated revenue, operating profit in Q3
3 years, 11 months ago

Tata Motors may see improvement in consolidated revenue, operating profit in Q3

Live Mint  

Tata Motors Ltd – the vehicle manufacturing arm of conglomerate Tata Sons – is expected to post double digit growth in consolidated revenues and operating profit for the December quarter on the back of improvement in sales of Jaguar Land Rover in major markets like China. According to brokerage firm, Emkay Global, the New Delhi based carmaker is likely report …

JLR Prepared With Comprehensive Contingency Plan to Tackle UK's Ongoing Covid Challenges: Tata Motors
4 years ago

JLR Prepared With Comprehensive Contingency Plan to Tackle UK's Ongoing Covid Challenges: Tata Motors

News 18  

Automobile major Tata Motors on Thursday said its subsidiary Jaguar Land Rover has comprehensive contingency planning and actions in place to respond to ongoing Covid challenges and disruption in the UK. The company recently announced that it was planning to buy 49 per cent stakes of Marcopolo S.A. in the bus and coach making joint venture Tata Marcopolo Motors Ltd …

Chinese sales drive JLR's global recovery in Q3
4 years, 2 months ago

Chinese sales drive JLR's global recovery in Q3

China Daily  

Jaguar Land Rover showcases the limited-run Range Rover Fifty at the 2020 Beijing auto show. Jaguar Land Rover's sales are continuing to rebound globally, with China as one of the most important driving forces. Among others, Range Rover vehicle sales went up 30 percent compared with the same quarter last year. Richard Shore, president of Jaguar Land Rover Integrated Marketing, …

Tata Motors Reports Q1 2020 Loss at Rs 8,444 Crores As Covid-19 Pandemic Hits Sales
4 years, 5 months ago

Tata Motors Reports Q1 2020 Loss at Rs 8,444 Crores As Covid-19 Pandemic Hits Sales

News 18  

Hit hard by the coronavirus pandemic, homegrown auto major Tata Motors on Friday reported a consolidated net loss of Rs 8,443.98 crore for the first quarter ended June 2020. The company's British arm Jaguar Land Rover reported a 44 per cent dip in net revenue at 2.9 billion pounds during the first quarter. At a post-earnings conference call, Tata Motors …

Tata Motors seeing beginnings of a recovery of JLR sales in China
4 years, 6 months ago

Tata Motors seeing beginnings of a recovery of JLR sales in China

Live Mint  

Jaguar Land Rover’s Indian owner is seeing the beginnings of a recovery in China sales after the world’s second largest economy gradually opened for business following months of inactivity to check the spread of the coronavirus pandemic. Tata Motors is “nothing” without its luxury unit as it generates as much as 74% of its revenue by selling Jaguar and Land …

Coronavirus Outbreak: Tata Motors' JLR rolls out first Range Rover made under social distancing measures
4 years, 7 months ago

Coronavirus Outbreak: Tata Motors' JLR rolls out first Range Rover made under social distancing measures

Firstpost  

The first Range Rover made under new social distancing measures in place to combat coronavirus drove off the production line at the Tata Motors’ owned Jaguar Land Rover’s manufacturing plant in Solihull in the West Midlands region of England on Wednesday, following a recent temporary pause in production due to the pandemic London: The first Range Rover made under new …

Tata-owned JLR suspends production
4 years, 9 months ago

Tata-owned JLR suspends production

Hindustan Times  

The Tata-owned Jaguar Land Rover on Friday confirmed that it is temporarily suspending production at its manufacturing facilities in the United Kingdom over the course of next week due to the coronavirus pandemic. A Jaguar Land Rover is among several companies that have halted or are in the process of suspending operations. “As a responsible business, Jaguar Land Rover is …

JLR-owner Tata Group approaches Geely, BMW in hunt for partners
5 years, 1 month ago

JLR-owner Tata Group approaches Geely, BMW in hunt for partners

Live Mint  

Tata Group, the owner of Jaguar Land Rover, has approached carmakers including China’s Zhejiang Geely Holding Group Co. and BMW AG as it seeks partnerships for the beleaguered British automotive business, people with knowledge of the matter said. It wasn’t immediately clear how receptive Geely and BMW were “There have been no talks with Tata or JLR,” Geely said in …

Open to partnerships for JLR, but no plans to sell it: Chandrasekaran
5 years, 2 months ago

Open to partnerships for JLR, but no plans to sell it: Chandrasekaran

Live Mint  

New York/New Delhi: Tata Sons Ltd, the owner of Jaguar Land Rover, said it is open to finding partners for the automaker, but isn’t planning on selling the embattled unit. “We’re not going to sell,” said Natarajan Chandrasekaran, chairman of Tata Sons, the holding company in an expansive business empire that includes Tata Motors Ltd. “Auto is a core business …

Jaguar Land Rover’s global sales down 0.7% in July-September
5 years, 3 months ago

Jaguar Land Rover’s global sales down 0.7% in July-September

Live Mint  

New Delhi: Automobile major Jaguar Land Rover recorded a 0.7% decline in global sales at 1,28,953 units during the July-September quarter, compared on a year-on-year basis. In a regulatory filing, Tata Motors said Jaguar retail sales for the quarter were 37,323 vehicles, down 11% year-on-year and Land Rover retail sales were 91,630 vehicles, up 4.2% year-on-year. However, in a sign …

Tata Motors’ plan to raise foreign debt off the table
5 years, 4 months ago

Tata Motors’ plan to raise foreign debt off the table

Live Mint  

Mumbai: Tata Motors Ltd has indefinitely deferred a planned fundraise of up to $1.5 billion in foreign currency loans after failing to garner sufficient interest from potential lenders, two people directly aware of the development said, requesting anonymity. On 19 August, CARE Ratings downgraded Tata Motors’ long-term credit rating amid JLR’s financial woes. CARE said it has downgraded the rating …

Product quality issues find their way into rising costs at Tata Motors
5 years, 6 months ago

Product quality issues find their way into rising costs at Tata Motors

Live Mint  

Tata Motors Ltd’s shares fell 4% on Wednesday, reacting to foreign brokerage CLSA’s call to “sell” the stock as cost concerns continued in a weak demand environment. “In addition to industry issues of lower growth and higher incentives, there are company specific issues such as dealer training and profitability, as well as perceptions around quality,” said a Deutsche Bank research …

Tata Motors’ Q4 profit slumps, JLR turnaround helps
5 years, 7 months ago

Tata Motors’ Q4 profit slumps, JLR turnaround helps

Live Mint  

Bengaluru: Tata Motors Ltd's fourth-quarter profit fell less than expected on Monday, with the Indian automaker saying tighter control of expenses and a turnaround at its Jaguar Land Rover unit helped dull the impact of economic slowdown at home. Three months ago, Tata promised "decisive action" to cut costs at JLR and improve cash flow after weak sales at the …

Tata denies it is selling Jaguar Land Rover to Peugeot owner PSA
5 years, 8 months ago

Tata denies it is selling Jaguar Land Rover to Peugeot owner PSA

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Indian conglomerate Tata has denied …

Opinion | A Tata Sons IPO could be the answer to Tata Motors’ JLR quandary
5 years, 10 months ago

Opinion | A Tata Sons IPO could be the answer to Tata Motors’ JLR quandary

Live Mint  

India’s Tata Group should treat the speed bump at Jaguar Land Rover as a timely memo: the $102 billion salt-to-software conglomerate can no longer put off listing its closely held parent. When I suggested a Jaguar Land Rover IPO in Hong Kong or London, Chandra, as he’s known, had just been named Tata Sons’ chairman. Preferred shares would give the …

Tata is said to explore options for struggling Jaguar Land Rover
5 years, 10 months ago

Tata is said to explore options for struggling Jaguar Land Rover

Live Mint  

Tata Group, India’s biggest conglomerate, is exploring strategic options for its Jaguar Land Rover Automotive Plc unit including a potential stake sale in the struggling luxury carmaker, people familiar with the matter said. The Indian conglomerate’s Mumbai-listed automotive arm, Tata Motors Ltd., currently owns 100 percent of Jaguar Land Rover. Jaguar Land Rover has hit several roadblocks in the past …

Jaguar Land Rover considers financing options after shock writedown
5 years, 11 months ago

Jaguar Land Rover considers financing options after shock writedown

Live Mint  

London: Jaguar Land Rover, reeling from a $4 billion writedown, a slump in China sales and uncertainty around Brexit, said conditions aren’t right for it to borrow from the bond market and that it’s seeking alternative funding. To support its needs, JLR could increase a receivables facility or turn to other bank financing, with further options including leasing assets and …

JLR faces operating loss this fiscal year on muted demand in China
5 years, 11 months ago

JLR faces operating loss this fiscal year on muted demand in China

Live Mint  

Tata Motors Ltd on Thursday forecast its UK unit Jaguar Land Rover Automotive Plc. In the quarter ended 31 December, Tata Motors plunged to a consolidated loss of ₹26,992.54 crore due to its biggest ever write-off of £3.1 billion for JLR. While JLR, which contributes two-thirds of the earnings at Tata Motors, surpassed the overall industry growth for premium passenger …

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