Tata Motors’ Q1 bleeds due to wider losses at JLR

Tata Motors, the biggest home-grown automaker, reported a loss of Rs 3,698 cr loss as UK subsidiary Jaguar Land Rover continued to bleed. The company had posted a loss of Rs 1,902 cr in the same quarter last year, and had reported a profit of Rs 1,117 cr in the preceding quarter (Jan-Mar). The biggest […]

JLR promises improved Q4 results after S&P cuts rating

Tata Motors UK unit Jaguar Land Rover expressed disappointment over the move by credit rating agency S&P to downgrade its debt rating, and promised better results for the ongoing quarter. “The company is disappointed by S&P’s decision to downgrade Jaguar Land Rover now. “The company reaffirms that it expects improved financial results in the fourth […]

CARE cuts Tata Motors’ rating over JLR performance

CARE Ratings has cut the rating on Rs 11,400 cr of bank and debenture financing availed by Tata Motors due to poor financial performance and high product development costs at the company’s UK subsidiary. It cut the rating on Tata Motors’ long-term bank facilities and non-convertible debentures to AA from AA+. CARE said the cut […]

Jaguar Land Rover November retail sales down 8%

Jaguar Land Rover reported an 8% decline in its November retail sales, reflecting what the premium auto-maker called “continuing challenging market conditions in China”. Sales in China were down 50.7% as “market conditions remain difficult with continuing consumer uncertainty following tariff changes and trade concerns.” The company said it was “focused on taking all the […]

Fitch Ratings changes JLR’s outlook to ‘negative’ from ‘stable’

Fitch Ratings has revised Jaguar Land Rover Automotive plc’s outlook to ‘negative’ from ‘stable’, indicating a higher risk of a downgrade in its credit rating in the future. The move comes in the wake of higher investments by the company into research and development and rising depreciation of past investments, resulting in more cash burn […]

Jaguar Land Rover sales down 22% in July as US-China tariff war bites

Jaguar Land Rover today reported total retail sales of 36,144 vehicles in July 2018, down 21.6% year on year, primarily, it said, reflecting “transitional issues” in certain markets. Retails for July were down in China (46.9%), reflecting continued market volatility in the first month of the duty change as well as trade tensions. Sales were […]

Jaguar Land Rover posts decent Feb retail sales, but still down 2.6% YoY

Jaguar Land Rover reported a 2.6% decline in retail sales to 39,911 in February compared to last year. However, the decline was not very surprising, given that last year, the company had seen the highest ever February sales in its history. This year’s number is the second highest February sales ever, it said. Sales at its […]

Tata Motors reports strong wholesale numbers for November vs October

The Tata Motors Group global wholesales in November 2017, including Jaguar Land Rover, rose 22% to 1.12 lakh. In October, it had risen 2.7% to 1.04 lakh and by 14% in September to 1,16,419. Wholesales of commercial vehicles rose 51% to 40,845. In October, it had risen 1.3% to 37,400. Wholesales of passenger vehicles rose […]

Land Rover sales up 17%, Jaguar down 6% in November – Tata Motors

Jaguar Land Rover said its retail sales in November rose 10% on year to 52,332 vehicles, driven primarily by the introduction of the new Land Rover Discovery and the Range Rover Velar. Out of these, Jaguar sales were 13,688 vehicles, down 6.3% compared to the same month last year. Land Rover retailed 38,644 vehicles in […]

Tata Motors wholesales up 2.7% YoY in Oct, down MoM

The Tata Motors said group global wholesales in October 2017, including Jaguar Land Rover, rose 2.7% to 1.04 lakh in October. In September, group global wholesale had risen 14% to 1,16,419. Wholesales of commercial vehicles, including Tata Daewoo, rose 1.3% to 37,400. Wholesales of passenger vehicles rose faster at 3.5% to 66,361, compared to 10% […]

Tata Motors’ JLR retail sales flat in October as UK, US markets slow

Tata Motors said its overseas subsidiary Jaguar Land Rover saw retail sales grow 0.2% in October to 46,418 vehicles. Jaguar retail sales were down 14.3% to 12,336 vehicles in October, primarily reflecting lower sales of the Jaguar XE, said Tata Motors. Land Rover retailed 34,082 vehicles in October, up 6.8%, led by the introduction of […]