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 […]

Tata Motors passenger auto sales down 11% in Jan as finance woes bite

As muted consumer sentiments continued in January 2019, Tata Motors Commercial and Passenger Vehicles Business sales in the domestic market witnessed a drop of 8% at 54,915 units as against 59,441 units sold over last year. The cumulative sales for the domestic market (April 2018 -January 2019) grew by 21% with 552,887 units as compared […]

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 […]

JLR Woes: Moody’s changes Tata Motors’ outlook to negative from stable

Moody’s Investors Service has changed the outlook on Tata Motors Limited’s corporate family rating to ‘negative’ from ‘stable’, a day after it cut its rating on company’s UK unit by one notch. A negative outlook indicates that there is likelihood of a cut in the credit rating. The ratings firm, however, did not cut the […]

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 to increase car, SUV prices by up to 25,000 from next month

Tata Motors today announced that the Company would be increasing prices of its entire passenger vehicles range by up to Rs 25,000, starting January 2018. The company attributed the increase in price is to “rising input costs.” “The changing market conditions, rising input costs and various external economic factors have compelled us to consider the […]

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 […]