Jaguar Land Rover India

Jaguar Land Rover's cash flow expectations of £500 mn hit by chips fallout

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

Interest rate hikes, global inflationary pressures may impact demand: JLR

Hike in interest rates by central banks globally is expected to enhance financing costs for consumers and could impact future demand, Jaguar Land Rover said in a report. The UK-based marquee brand, which aims to be a full stack battery electric player in the next two years, also pointed out that high rate of inflation exacerbated by the Ukraine conflict, elevated energy prices and post Covid supply disruption as other negative factors. "Increasing interest rates in 2022 (including the UK, USand Europe) will flow through into financing costs for consumers and could impact future demand," the automaker said in its Interim Report for the third quarter. The company is working to offset inflationary trends and other issues like high energy prices through profitability improvement actions, it said. The automaker, which is owned by Tata Motors, said that although constraints continue, chip supply is expected to continue to gradually improve. "Partnership agreements put in place with key

Jaguar Land Rover sees December quarter free cash flow above $485 million

The British automaker, in its earnings statement for the second quarter, had forecast a positive cash flow for the second half of fiscal year 2023 and "near breakeven" for the full year

Thierry Bollore quits JLR, Adrian Mardell to take over as interim CEO

Bollore's sudden resignation after a two-year stint comes at a time when the UK arm is battling various headwinds including chip semiconductor even as the order book remains strong

Jaguar Land Rover inks partnerships to improve semiconductor supplies

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 to delist ADS, net loss in second qtr narrows to Rs 945 crore

The move will help simplify the company's financial reporting requirements and reduce administrative costs, it said

Britain's West Midlands lobbying M&M to open motorcycle factory in the area

Midlands region is home to more than 400 specialist firms including Aston Martin Lagonda and India-owned Jaguar Land Rover

JLR commences deliveries of new Range Rover in India: Know features, price

Jaguar Land Rover (JLR) on Monday said it has commenced deliveries of the new Range Rover in the country. The model comes with a line-up of six and eight-cylinder powertrains, priced between Rs 2.38 crore and Rs 3.43 crore (ex-showroom). The new Range Rover comes with 3 litre petrol and diesel engines, respectively. The model also features a bigger 4.4 litre petrol powertrain. "The New Range Rover is the epitome of exclusivity and modern luxury, that strikes the perfect balance of peerless refinement with technological sophistication. It is truly, the most desirable vehicle meant for the most discerning of customers," JLR President and Managing Director Rohit Suri said in a statement. The new Range Rover comes with five seats in both Standard (SWB) and Long Wheelbase (LWB) body designs and an option of a third row for extended comfort for up to seven adults in the LWB, the automaker stated. JLR vehicles are available in India in 21 cities through 25 authorised outlets.

Lord of the rings: Audi India head Balbir Dhillon on 'simplest business'

The first Indian executive to head the German luxury carmaker in the subcontinent, Dhillon has worked his way up the ranks, writes Pavan Lall

JLR opens bookings for Discovery Metropolitan Edition

Jaguar Land Rover India (JLR) has opened bookings for the all-new Discovery Metropolitan Edition with prices starting from Rs 1.26 crore (ex-showroom), the company said on Monday. The latest seven-seater SUV comes with many upgrades and enhanced new age features, JLR said in a statement. Available with the P360 Ingenium petrol engine and the D300 Ingenium diesel engine, the new top-of-the-range Metropolitan Edition comes with standard specifications such as a 31.24 cm (12.3) interactive driver display, wireless charging with phone signal booster, four-zone climate control and heated steering wheel among others, the company said. Land Rover Discovery is perhaps the most versatile seven-seater SUV in the Indian market. The Metropolitan edition ups the value proposition for our customers with many upgrades, enhanced new age features & options as standard inclusions, said Rohit Suri, president and managing director of Jaguar Land Rover India.

Tata Motors shares decline nearly 4% after firm posts net loss in Q3

Tata Motors reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 31, 2021, dragged down by the impact of semiconductor shortage on its British arm JLR

Worst of semiconductor shortage over: Tata Motors Group CFO

Tata Motors also sees the contribution of its electric vehicles to its overall passenger vehicles sales reaching double digits soon, from about 6 per cent at present

JLR expects recovery in semiconductor situation from second half of FY22

The British multinational automotive company in the meantime will continue to take steps to contain the impact of the shortage on its operations across the globe.

Tata Motors dips 10% from day's high as JLR eyes negative EBIT margin in Q2

In Q1, JLR's wholesales were lower than demand would have permitted due to semiconductor supply issues affecting the global auto industry

JLR drives in new Range Rover Velar in India tagged at Rs 79.87 lakh

Jaguar Land Rover (JLR) India on Wednesday said it has launched an updated version of Range Rover Velar with price starting at Rs 79.87 lakh (ex-showroom). The new Velar is available in the R-Dynamic S trim with 2-litre petrol and diesel powertrains. The model now comes with various new features like air suspension, 3D surround camera and cabin air ionisation with PM2.5 filter. "Range Rover Velar is one the most aspirational SUV's in India because of its peerless blend of avant-garde design, luxury and technology. In its latest avatar, with the introduction of new technology and convenience features, the Range Rover Velar has become more desirable than ever," JLR India President and Managing Director Rohit Suri said in a statement. The Land Rover range in India includes the Range Rover Evoque (starting at Rs 59.04 lakh), Discovery Sport (starting at Rs 65.30 lakh), Defender 110 (starting at Rs 83.38 lakh), Range Rover Sport (starting at Rs 91.27 lakh) and Range Rover (starting at R

JLR commences Jaguar F-PACE bookings in India, deliveries to begin in May

Jaguar Land Rover India on Tuesday said it has commenced bookings for the updated version of F-PACE SUV

Fitch downgrades Tata Motors to 'B' on Covid-19 impact; outlook negative

Agency says Covid-19 will disrupt firms Indian operations and also impact key auto markets globally that are served through its UK-based arm, Jaguar Land Rover

Coronavirus fear: Tata Motors cuts JLR full year Ebit margin guidance by 1%

This has prompted the Mumbai-based firm to lower full year earnings before interest and tax (Ebit) margins by 100 basis points.

JLR unveils new version of Range Rover Evoque in India priced at Rs 54.94 L

The model comes with enhanced off-roading capability with water wading capacity of 600 mm

Jaguar, Audi SUVs fail to dent Tesla's electric vehicle dominance

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