Page 2 - Tata Motors Jaguar Land Rover

India Inc grapples with rising rating downgrades, revisions in outlook

Domestic rating agency CARE revised outlook on rating for Tata group-owned Indian Hotels Company Ltd from "stable" to 'negative'

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

Tata Motors JLR suspends production in UK amid coronavirus pandemic

The UK's largest carmaker said the suspension would come in place from next week and last at least until April 20, when it will be subject to a review of the rapidly-changing circumstances

Tata Motors shares dip 6.5% as Coronavirus impact on JLR spooks investors

The fears were exacerbated by the steady rise in COVID-19 cases across Europe, one of JLR's biggest markets

Tata Motors falls below Rs 100-mark; hits lowest level since September 2009

The stock of the automobile firm has fallen 21 per cent in the past three trading days after the company lowered its FY20E EBIT margin guidance for Jaguar Land Rover by 1% from 3% earlier.

Tata Motors skids 10% as China sales slip 85% in Feb; stk down 37% in 1 mth

The company said the reduction in China sales owing to the outbreak of coronavirus, is expected to reduce Jaguar Land Rover's full-year EBIT margin by about 1%

JLR launches BS-VI variant of Discovery Sport, priced at Rs 57.06 L

Built on the new Land Rover Premium Transverse Architecture, Discovery Sport provides greater capability and has all-wheel drive and hill descent control to make the hardest of drives seem effortless.

Tata Motors climbs 6% after falling 12% in nine days

Edelweiss Securities upgraded the stock to 'Buy'. It also revised sum-of-the-parts or SOTP-based target price to Rs 245 from earlier Rs 140 per share.

Jaguar Land Rover reports global sales dip of 5.9% in 2019 at 557,706 units

The sales of Jaguar brand were at 1,61,601 units during the month, down 10.6 per cent, while Land Rover sales witnessed a dip of 3.8 per cent during the year as compared with 2018

Tata Motors hits 8-month high post JLR December retail sales numbers

Meanwhile, analysts expect Tata Motors to report first quarter of growth in October-December quarter (Q3FY20) after six consecutive quarters of a decline in profit.

Tata Motors' JLR acquires all-terrain performance car manufacturer Bowles

The Bowler business, which is now fully-owned by JLR, would continue to operate from its premises in Belper for the foreseeable future.

Luxe upgrade: JLR drives in new sedan XE with price tag starting Rs 4.94 mn

Available in the S and SE trims, the new Jaguar XE is offered with turbocharged petrol and diesel powertrain options

Tata Motors global wholesale volume skids 19% to 89,108 units in October

Global wholesales of JLR stood at 47,278 units. Jaguar wholesale units for the month were 12,367 vehicles, while Land Rover wholesales stood at 34,911 units.

Plans to cut debt, rack up gains via cost cutting perk up Tata Motors stock

While analysts expect volume growth in 2019-20 (FY20) to be flat, they expect it to be at 4 per cent each in the next two years

Tata won't sell Jaguar Land Rover, open to adding partners: Chandrasekaran

Tata Motors bought the maker of the Jaguar XE sedan and Land Rover Discovery sport utility vehicle from Ford Motor Co. in 2008

BMW should buy Jaguar Land Rover from Tata Motors, says Bernstein

Tata Motors may get 9 bn pound valuation

Auto stocks gain on reports of a likely cut in GST rate; Tata Motors up 6%

The government's plan comes at a time when the auto sector is grappling with a steep drop in sales due to weak consumer demand.

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.