Tata Motors Jaguar Land Rover

The global semiconductor shortage has undermined the luxury carmaker's turnaround as it struggles to work through a debt reduction plan

CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent

Tata Motors-owned Jaguar Land Rover is stitching up partnerships to improve semiconductor supplies, as it looks to improve sales volume in the second half of the current financial year. In the September quarter, the marquee brand reported revenue of 5.3 billion pounds and wholesale volumes (excluding China JV) of 75,307 units, up 18 per cent, as compared with the July-September period of last fiscal. The automaker noted that despite strong demand and a record order book, sales during the second quarter continued to be constrained by the global chip shortage. "Partnership agreements with several semiconductor suppliers and more in progress are expected to enable improving volumes in the second half of the financial year ending March 2023 and beyond," JLR said in its interim report for the second quarter and six-month period ended September 30, 2022. Semiconductor supply continued to restrict production in the quarter but the production of New Range Rover and New Range Rover Sport ..

Tata Motors Q1 results preview: The likely subdued performance would be led by chip shortage woes at UK subsidiary JLR, cost input pressures, and negative operating leverage, said analysts

Stocks to watch today: Tata Motors UK subsidiary JLR is likely to halt production due to supply disruption and chip crunch; Aviation stocks in focus after jet fuel prices hiked by 16 per cent.

The group is making a transition towards sustainability across businesses which includes a clean mobility push at Tata Motors and its British luxury unit Jaguar Land Rover, N Chandrasekaran said

The company would be undertaking a price increase in its PV portfolio to pass on some of the increase in input costs of materials

The company took a hit of Rs 15,000 crore to re-cast JLR business

ICICI Securities maintain 'buy' rating on Tata Motors with target price of Rs 375 per share.

This will be the second biggest hit for Tata Motors-owned firm since FY19

JLR performance in China, the region least impacted by Covid-19 in the most recent quarter, has been particularly encouraging

Domestic banks operating in Britain are among 5,500 with passport authorisations into Europe

Jaguar Land Rover Automotive Plc filed a complaint to block US imports of Porsche, Lamborghini, Audi and Volkswagen SUVs it says are using its patented Terrain Response technology without permission

Domestic volume trajectory and rising cash flows are the other triggers

global brokerage CLSA expects Tata Motors to generate strong free cash flow on the back of sequential recovery in sales volume. The brokerage has 'Buy' call on the stock with a target price of Rs 220

Tata Motors is eyeing "near-zero" debt in the next three years as it looks to significantly deleverage its business, reduce expenses and put the leash on non-core investments

JLR is seeing an additional boost from strong demand for the recently launched Evoque and Defender

The UK's Treasury department plans to set up a bad bank or asset resolution fund to hold stakes in companies that it may end up part-owning

Sky News, citing a spokesman, said about 20,000 of its employees had been furloughed under the government's emergency wage subsidy programme

JLR's factories around the world will opened in a sequential manner that will be determined by the conditions and government laws around the coronavirus epidemic