BMW and Jaguar Land Rover (JLR) are the latest manufacturers to land in hot water after the U.S. Senate Finance Committee found they both continued using parts made by a Chinese supplier that has been flagged for forced labor. BMW shipped at least 8,000 Minis containing the part after the company was informed about the … Read more
Having reported record high revenue, profits and free cash flows, Tata Motors now expects to become net automotive debt free on a consolidated basis in FY25, it said in a stock exchange filing. The company is ‘cautiously optimistic’ on domestic demand over the full year, but expects the first half of the financial year to … Read more
Tata Motors, India’s largest automaker by revenue, trumped Street expectations with amore than threefold surge in net profit in the March quarter propelled by strong performances across its three business verticals. The parent of British luxury carmaker Jaguar Land Rover Automotive Plc reported a net profit of Rs 17,528 crore in the three months ended … Read more
For decades, the Land Rover Defender has been the off-roader of choice for discerning adventurists looking to get out in the wilderness. But then Ford came along with its lifted, more powerful Raptor trim on trucks like the Ranger and Bronco to show how things should be done. Now, Land Rover is promising a comeback with … Read more
Under Chairman N Chandrasekaran, Tata Sons has been planning consolidation by halving the number of listed companies to nearly 15 from 29 to focus on investing in fewer but bigger entities that can ably compete in the marketplace. He had told ET in an interview in 2017 that he also wanted to bring down the … Read more
With company ramping up production of Range Rover and Defender, the volume for full fiscal is expected to rise 24% to 400,000 units and another 6-7% next fiscal. Synopsis The operating profit of the JLR surged 5.12 percentage points on a YoY basis to 8.8% in December quarter, taking the nine-month margin to 8.2%, driven … Read more
Jaguar Land Rover (JLR) India has launched the 2024 iteration of the Range Rover Evoque at a starting price of Rs 67.90 lakh, ex-showroom. The luxury SUV now features an updated design, gets a host of new features, and will be offered with two engine options. 2024 Range Rover Evoque: DesignSpeaking of the design, while … Read more
JLR India has launched the 2024 Land Rover Discovery Sport with a starting price of Rs 67.90 lakh, ex-showroom. The new model, available in the Dynamic SE trim, offers two engine options and is also offered as a seven-seater with versatile seating configurations, providing up to 24 possible arrangements. Notable updates for the 2024 model … Read more
Luxury automaker Jaguar Land Rover on Thursday reported record sales at 3,582 units for nine months ended December 31, 2023. The company said its sales rose 93 per cent year-on-year as compared to the April-December period of the last fiscal. Range Rover and Defender continue to lead with a year-on-year (YoY) rise of 250 per … Read more
JLR is partnering with Tata Communications, the global commtech (communications technology) player, aimed at its digital transformation and pave the way for new standards such as Industry 4.0 and advanced analytics. The partnership aims to power the production of JLR’s next-generation vehicles, a key part of its Reimagine strategy, and provide the connectivity foundation for … Read more