Tata Motors-owned Jaguar Land Rover (JLR) aims to be the world's most profitable luxury car manufacturer, according to Chief Executive Officer Thierry Bollore.
Tata Motors is India's largest commercial vehicle company and fourth-largest passenger vehicle (PV) player
The company took a hit of Rs 15,000 crore to re-cast JLR business
Output at two of Jaguar Land Rover's British car factories will be temporarily halted from Monday
The comment came from the automaker's chief finance officer for China
Shares of Tata Motors on Tuesday jumped nearly 6 per cent after the company-owned Jaguar Land Rover reported a 12.4 per cent rise in retail sales to 1,23,483 units in the fourth quarter of 2020-21.
From govt fast-tracking approval for foreign-produced Covid vaccines to JLR reporting over 12% rise in Q4 retail sales, here are top headlines this evening.
Venu Srinivasan says Speth, an industry veteran, will mentor company in its international plans.
The charging infrastructure has been set up in metro cities and key urban hubs across the country
Dragging the Tatas into the 21st century will take more time
"We anticipate a net reduction of around 2,000 people from our global salaried workforce in the next financial year," it said
A month into the vaccination drive, which has covered more than 8.5 million so far, the health ministry has indicated that Covid-19 vaccines are not likely to be there in the open market anytime soon
Brainchild of new CEO Thierre Bollore, move forms part of 'Reimagine' strategy of Tata Motors' UK arm; Britain to ban sale of gasoline and diesel cars from 2030, putting pressure on legacy carmakers
The US International Trade Commission said it is opening in investigation into whether Volkswagen AG infringed on patents held by Jaguar Land Rover for a system used for off-road driving
JLR, acquired by the Tatas in 2008, is the UK's largest automotive manufacturer, accounting for an estimated 30 per cent of all domestic car production in this country
However, the quarter reflected strong sequential recovery with positive pre-tax profit and major positive free cash flows following restart of production and reopening of global retailer network
Automakers are caught in a peculiar chicken-and-egg situation: Prices have to come down if volumes are to increase and volumes won't increase unless prices come down
Six current and planned models face the axe, including electric XJ saloon
Brexit an added worry for wholly-owned subsidiary JLR
The latest version of the model comes with a 2-litre turbocharged petrol engine and would be available in two body styles in the country