Jaguar Land Rover | Business Upturn

Jaguar Land Rover (JLR) Q4 FY25 wholesale volumes jump 1.1% YoY, retail down 5.1%

Aman Shukla — Mon, 07 Apr 2025 06:40:17 +0000

Jaguar Land Rover (JLR) has announced robust wholesale and retail sales for the fourth quarter of FY25 (January-March 2025) and the full year ending March 31, 2025. The company’s performance reflects sustained global demand and a significant milestone—achieving a net cash positive position, a key target of its Reimagine strategy.

In Q4 FY25, JLR recorded wholesale volumes of 111,413 units (excluding the Chery Jaguar Land Rover China JV), a 6.7% increase from Q3 FY25 and a 1.1% rise year-on-year. Growth was strong in North America (14.4%) and Europe (10.9%), while the UK remained steady (0.8%). However, volumes dipped in China (-29.4%) and Overseas markets (-8.1%).

Retail sales for Q4 were 108,232 units (including the China JV), down 5.1% year-on-year but up 1.8% compared to Q3 FY25. High-demand models like the Range Rover, Range Rover Sport, and Defender made up 66.3% of Q4 wholesale volumes, and 67.8% for the full year.

For the full year, wholesale volumes totaled 400,898 units (-0.1% vs. FY24), and retail sales hit 428,854 units (-0.7%). The high-profit Range Rover, Range Rover Sport, and Defender models accounted for 66.3% of Q4 wholesale volumes and 67.8% annually, boosting profitability. JLR also achieved its net debt zero goal, ending FY25 net cash positive.

JLR will release its full-year financial results and FY26 outlook in May 2025.

Jaguar Land Rover pauses US shipments amid 25% trump tariff

Aman Shukla — Sat, 05 Apr 2025 14:29:11 +0000

Jaguar Land Rover (JLR) has announced a temporary halt on vehicle shipments to the U.S. this April. The decision comes as the company grapples with a 25% tariff on vehicle imports imposed by the Trump Administration. JLR, renowned for its luxury Jaguar and Land Rover brands, aims to adapt to the new trade conditions while collaborating with business partners.

“The USA is a vital market for JLR’s luxury brands,” the company stated. “This shipment pause is a short-term measure as we refine our mid-to-long-term strategy.” The tariff adds pressure to an already challenged U.K. automotive sector, which is navigating declining domestic demand and the costly shift to electric vehicle production.

Mike Hawes, CEO of the U.K.’s Society of Motor Manufacturers and Traders (SMMT), warned of the tariff’s timing. “The industry faces multiple headwinds, and this hits at the worst moment,” he said. “SMMT is engaging with the government to push for trade talks that safeguard jobs and economic growth across the Atlantic.”

The pause underscores broader concerns for British carmakers as they balance global trade shifts and sustainability goals. JLR’s response highlights the need for agile strategies in an evolving market. Industry experts are watching closely as trade discussions unfold, with hopes of mitigating the tariff’s long-term impact.

Jaguar Land Rover reports strong Q3 FY25 performance, revenue rises 1.5% YoY to £7.5 billion

Aditya Bhagchandani — Wed, 29 Jan 2025 11:10:58 +0000

Jaguar Land Rover (JLR), a subsidiary of Tata Motors, reported a robust performance for the third quarter of FY25, with revenue reaching £7.5 billion, marking a 1.5% year-on-year increase. The company also recorded its highest EBIT margin in a decade and continued its streak of nine consecutive profitable quarters.

JLR’s EBITDA margin for Q3 stood at 14.2%, reflecting a decline of 200 basis points year-on-year, while EBIT improved to 9.0%, up by 20 basis points. The company posted a profit before tax (PBT) of £523 million, lower than the £627 million recorded in the same quarter of the previous year. For the year-to-date (YTD) FY25 period, revenue remained stable at £21.2 billion, with PBT increasing by 7% YoY to £1.6 billion.

The company attributed its improved profitability to higher volumes, a better product mix, and lower depreciation and amortisation expenses, driven by the cessation of production at the Castle Bromwich plant and the end-of-life extension of internal combustion engine (ICE) models. However, these gains were partially offset by an increase in vehicle market expenses, warranty costs, and unfavourable foreign exchange revaluation.

JLR’s cash balance at the end of the quarter stood at £3.5 billion, with net debt reduced to £1.1 billion, while total liquidity, including its revolving credit facility, was £5.1 billion.

Future plans and electrification drive

JLR is progressing with its electrification plans, as indicated by a growing waitlist for the Range Rover Electric, now at 57,000 customers. Sales of Range Rover plug-in hybrid electric vehicles (PHEVs) grew by 163% year-on-year in Q3, reflecting rising consumer demand for electrified models. The company also made advancements in sustainability by delivering an industry-first recycled seat foam concept, which will be incorporated into future vehicles.

JLR’s investments in new paint facilities in Castle Bromwich, UK, and Nitra, Slovakia, aim to support growing demand for vehicle personalisation while reducing emissions. The company is also collaborating with Tata Communications to implement the MOVE™ platform, which will enhance vehicle connectivity, particularly in remote locations from 2026.

CEO’s statement and outlook

Adrian Mardell, CEO of Jaguar Land Rover, highlighted the company’s strong quarterly performance, stating, “JLR has delivered a robust performance in the third quarter of our financial year, and further milestones in our Reimagine strategy. Thanks to our people and partners, we achieved record revenue and our best EBIT margin in a decade. Our electrification plans are progressing, and later this year, we will launch the Range Rover Electric.”

Looking ahead, JLR remains optimistic about achieving its profitability and cash flow targets for FY25, with an expected EBIT margin of at least 8.5% and continued positive net cash generation.

Popular Vehicles & Services inaugurates new Bharat Benz 3S facility in Maharashtra

Matrika Shukla — Thu, 21 Nov 2024 12:44:51 +0000

Popular Vehicles & Services Limited (PVSL), one of India’s leading automotive dealership companies, has announced the inauguration of a new state-of-the-art 3S facility by its 100% step-down subsidiary, Prabal Motors Private Limited. The new facility, located in Chhatrapati Sambhaji Nagar (formerly known as Aurangabad) in Maharashtra, will exclusively offer Bharat Benz vehicles and provide comprehensive sales, service, and spare parts under one roof.

The 3S facility boasts 6 dedicated service bays with the capacity to service 10 to 12 vehicles per day, enhancing the customer experience with efficient servicing. The strategic location near the Dhule-Solapur highway (NH 211) was chosen for its proximity to key transportation routes, ensuring improved support and service for Bharat Benz vehicles in the region.

With this milestone, Popular Vehicles & Services is further expanding its footprint in non-Kerala markets, strengthening its market presence in Maharashtra, Tamil Nadu, and other regions across India. This development is part of the company’s broader growth strategy, leveraging its strong relationships with OEMs to offer enhanced value to customers through an integrated business model.

Incorporated as a multi-brand automotive dealership, Popular Vehicles & Services has been operating in Kerala, Tamil Nadu, and Karnataka for over 70 years. The company’s diversified operations include sales of new and pre-owned vehicles, authorized service centers, and retail outlets, with notable partnerships including Maruti Suzuki, Jaguar Land Rover, Honda, Tata Motors, Bharat Benz, and Ather Energy. The company’s expansive network spans multiple states, with 62 showrooms, 134 sales outlets, 32 pre-owned vehicle showrooms, and 143 authorized service centers.

The new facility in Maharashtra is part of PVSL’s ongoing expansion efforts, which align with the company’s mission to provide exceptional customer service and support while furthering its growth in the commercial vehicle sector.

Jaguar Land Rover aims for doubling business in three years

Aditya Bhagchandani — Mon, 27 May 2024 09:13:44 +0000

Jaguar Land Rover (JLR), owned by Tata Motors, is gearing up for robust growth in India, outpacing the luxury car segment as it ramps up localization efforts and expands its product portfolio.

The company, which is preparing to commence local assembly of Range Rover and Range Rover Sport models in India, witnessed a significant sales surge of 81 percent in the fiscal year 2023-24, reaching 4,436 units compared to the previous fiscal year.

Rajan Amba, Managing Director of JLR, expressed optimism about the company’s prospects in India, stating, “The luxury car segment grew in the range of 20-25 percent last fiscal. We expect that the growth rate will remain in this range for the next couple of years. And we anticipate to beat this growth rate.”

JLR aims to double its business in India over the next three years, leveraging its expanding product range and a focus on local manufacturing.

Tata Motors to make Jaguar Land Rover cars at new Tamil Nadu plant; Report

Aman Shukla — Fri, 19 Apr 2024 06:22:48 +0000

Tata Motors is reportedly planning to build a $1 billion facility in Tamil Nadu to manufacture costly cars under the Jaguar Land Rover (JLR) brand, according to Reuters. The corporation previously revealed plans to invest in a new facility in March, but exact details about the models to be made are unknown.

The collaboration between Toyota Motors and JLR goes beyond the factory. A Memorandum of Understanding (MoU) for the licensing of JLR’s Electrified Modular Architecture (EMA) platform has already been signed by them. Tata’s forthcoming born-electric cars will be built on this platform; the first model is anticipated to be on sale in late 2024.

Plans for the Tamil Nadu plant were revealed in March, but neither the cars to be produced there nor the plant’s intended production capacity were disclosed. In addition to its three plants in Britain, JLR now builds cars in China, Brazil and Slovakia.

It’s interesting to note that JLR is reportedly considering partnerships with Chery, a well-known Chinese automaker known for its proficiency with electric vehicle (EV) platforms. According to the report, Jaguar is set to be the first brand to adopt Exeed’s battery-electric platform. There is a hypothesis that the release of Jaguar’s first vehicle on this platform may occur in the latter half of 2024.

JLR reports stellar financial performance, raises FY24 EBIT margin guidance

Vanshika Lodhi — Fri, 03 Nov 2023 03:50:14 +0000

The company’s successful product portfolio and strong demand in key markets have driven the robust growth in revenue. Customers worldwide have well-received JLR’s diverse range of luxury vehicles, including the award-winning Jaguar XE and the popular Land Rover Discovery.

Jaguar Land Rover (JLR), the UK’s largest car manufacturer, has reported a significant increase in revenue for the fiscal year 2024. The company’s revenue has surged by 30.4% to reach £6.9 billion (approx 701 billion INR), marking a substantial improvement in its financial performance.

In light of the impressive financial results, JLR has raised its EBIT margin guidance for FY24 to 8%. This revised guidance reflects the company’s confidence in its business strategy and its ability to deliver sustainable profitability.

JLR’s strong financial performance comes at a time when the global automotive industry is grappling with challenges such as supply chain disruptions and semiconductor shortages. Despite these headwinds, JLR has managed to deliver solid results, demonstrating the resilience of its business model.

The company’s focus on innovation and customer-centricity has played a crucial role in driving its financial success. JLR’s commitment to electrification, with plans to become net-zero by 2039, has also resonated with customers, further fuelling demand for its vehicles.

Tata Motors share price hits lifetime high soaring 4% on strong JLR sales performance

Viditha Ganji — Mon, 10 Jul 2023 08:22:27 +0000

Tata Motors, the Indian automotive giant, witnessed a remarkable surge in its share price on Friday as it hit a record high, jumping nearly 4%. The surge was fueled by the company’s robust performance in Jaguar-Land Rover (JLR) sales during the quarter ending June 2023. Throughout the day, Tata Motors shares rallied as much as 3.96%, reaching an all-time high of ₹624.65 apiece on the Bombay Stock Exchange (BSE).

Jaguar-Land Rover, the luxury subsidiary of Tata Motors, reported a noteworthy 30% year-on-year growth in wholesale volumes, reaching 93,253 units (excluding the Chery Jaguar Land Rover China JV) for the April-June quarter. While wholesales experienced a marginal 1% sequential decline due to shipping schedules, production witnessed a positive quarter-on-quarter increase, as stated by the company in an exchange filing.

In terms of retail sales, JLR saw a substantial 29% YoY rise, reaching 101,994 units (including the Chery Jaguar Land Rover China JV). Comparing the figures to the previous year, retail volumes were higher in various regions, including Overseas (up 83%), North America (up 42%), China (up 40%), and the UK (up 6%). Retail volumes remained stable in Europe (0%), Tata Motors reported.

Among the models, retail sales of the three most profitable vehicles exhibited significant growth compared to the same quarter last year, with the Range Rover up by an impressive 199%, Range Rover Sport up by 42%, and Defender up by 90%.

Tata Motors stated, “The order book remained strong with over 185,000 client orders at quarter-end, reducing from 200,000 at 31 March 2023 in line with expectations, as chip and other supply constraints continue to improve.” The demand for Range Rover, Range Rover Sport, and Defender models remained particularly robust, accounting for 76% of the order book. Furthermore, based on preliminary cash balances, JLR expects to report positive free cash flow of over £400 million in the quarter.

By the end of trading on Friday, Tata Motors shares had closed 2.94% higher at ₹618.45 apiece on the BSE, reflecting the investors’ optimism and confidence in the company’s strong performance in the luxury vehicle segment, particularly with the impressive sales figures reported by Jaguar-Land Rover.

Tata Motors gains 6%, while JLR wholesales rise 15% year on year in the December quarter

Aryan Jakhar — Tue, 10 Jan 2023 04:53:22 +0000

Shares of Tata Motors and Tata Motors DVR (Differential Voting Right) rose up to 6% on the BSE in Tuesday’s intra-day trade in an otherwise poor market after Jaguar Land Rover (JLR) announced increased wholesale sales in Q3FY23, citing steady improvement in chip supplies. JLR is a completely owned subsidiary of Tata Motors, which is part of Tata Sons. The S&P BSE Sensex was down 0.53 percent at 60,426 at 09:44 AM.

According to TataMotors, wholesale volumes were 79,591 units in the period (excluding the Chery Jaguar Land Rover China joint venture), up 5.7 percent from the prior quarter ending September 30, 2022 (Q2FY23) and 15% from the same quarter a year earlier (Q3FY22).

Tata Group’s passenger car and utility vehicle manufacturer stated that demand for its vehicles remains high. The overall order book climbed to 215,000 customer orders in Q3FY23, an increase of roughly 10,000 orders from Q2FY23. Demand for the New Range Rover, New Range Rover Sport, and Defender has remained high, accounting for 74% of the order book.

Meanwhile, Tata Motors predicted that free cash flow will be more than £400 million positive in the third quarter. In December 2022, the company completed a renewal of its undrawn revolving credit facility with 23 banks for £1.45 billion, with the expiry date pushed back from March 2024 to April 2026. JLR intends to release unaudited Q3FY23 earnings on January 25, 2023.

The increase in wholesale shipments comes in the midst of ongoing chip supply difficulties and Covid-led lockdowns in China. These figures exceed our forecast of 88,101 units (down 2 per cent QoQ). As a result, according to ICICI Securities, the company could record a higher operating performance in Q3FY23.

However, retail volumes fell 3.7% year on year to 84,827 units. Encouragingly, the company is experiencing healthy demand for its products, with order book increasing to around 2.15 lakh units vs. 2.05 lakh units as of December 2022 end, with New Range Rover, Defender, and New Range Rover Sport accounting for approximately 74% of the orderbook, according to the brokerage firm.

However, during the last six months, Tata Motors has underperformed the market, losing 6% while the S&P BSE Sensex has risen 11%. Furthermore, the stock has fallen 18% in the last year, compared to a 0.03 percent advance in the benchmark index. It had reached a 52-week high of Rs 528 on January 18, 2022.

Stock Market update: Tata Motors shares down by 1.03% after subsidiary, JLR reports weak sales in Q3

Malvika Choudhary — Thu, 13 Jan 2022 08:40:14 +0000

Shares of tata motors deteriorated by 1.03% at Rs 502.05 (−5.20) at 12.58 pm today. The company’s shares have been witnessing a subsequent decline after weak retail sales by JLR in Q3. JLR retail sales declined 37.6% YoY to 80,126 units in October-December 2021, with China sales falling 6.9% and Europe sales down 6.8% QoQ.

Earlier in July 2021 Shares of Tata Motors fell almost 13% to ₹311 from ₹357, in an hour between 1:42 p.m. and 2:41 p.m, as investors were disenchanted after the company registered that the sales of its subsidiary, Jaguar Land Rover, will be affected in the next quarter due to chip shortages.

The COVID-19 pandemic has reportedly propelled up demand for semiconductor chips for usage in electronics such as computers, as people work from home, and suppliers are floundering to acclimate. The global chip deficit has hit about every industry that makes or uses tech-enabled products. Hence, the injunction has gone up leading to severe shortages that could drag till 2023.

Retails were higher year-on-year in every key region including in the UK (+186.9%), Europe (+124.0%), Overseas (+71.0%), North America (+50.5%) and China (+14.0%). Tata Motors’ consolidated casualty broadened to ₹4,441.57 crores in the September quarter compared to ₹314.45-crore loss reported in the same quarter of FY21. The automobile major glimpsed consolidated revenue from operations expanded 14.6 per cent to ₹61,378 crores (₹53,530 crores).

Jaguar Land Rover reports 13.6% fall in retail sales for Q3FY22

Malvika Choudhary — Wed, 12 Jan 2022 16:11:52 +0000

Tata Motors Ltd on Wednesday communicated a gloomy update for third quarter Jaguar Land Rover (JLR) revenue, which are continuing to be constrained by semiconductor shortages.

At the end of January, Jaguar Land Rover has anticipated registering unaudited outcomes for the three months concluding 31 December 2021. The initially evaluated cash flow for the quarter is around £150 million positive. Nonetheless, the chip deficiency stayed dynamic and challenging to foretell, however, it is expected to supply to continue to improve in Q4 of the fiscal year ending 31 March 2022.

Retail sales for the quarter concluding 31 December 2021 stood 80,126 vehicles, down 13.6% (12.6k units) from the primary quarter ending 30 September 2021 and 37.6% (48.3k units) from the quarter a year ago ending 31 December 2020. Retails was descending across all regions reached to the preceding quarter, including China (-6.9%), Europe (-6.8%), North America (-11.8%), UK (-24.3%), and Overseas (-25.4%).

“Underlying demand for JLR products remains strong and the Company has proactively managed semiconductor supplies to maximise production of higher-margin products,” Tata Motors said in a filing.

“Looking ahead, the chip shortage remains dynamic and difficult to forecast, however, we expect supply to continue to improve in Q4 of the fiscal year ending 31 March 2022,” Tata Motors said. Tata Motors Limited earlier on Jan 1, 2022, notified its sales in the domestic & international market, for Q3 FY22, which stood at 1,99,633 vehicles, compared to 1,58,218 units during Q3 FY21.

The New Range Rover is the embodiment of Jaguar Land Rover’s vision for Modern Luxury by Design. “We are delighted that positive feedback at launch has led to a strong order intake for this first all-new modern luxury model. Furthermore, the Land Rover Defender continues to contribute to a record order bank next to our all-electric Jaguar I-PACE. Semi-conductor supply challenges continue within the industry but our wholesale volumes are improving. We look forward to completing delivery to global customers as supply improves in 2022,” Lennard Hoornik, JLR chief commercial officer said

Tata Motors announces results for Q2FY22 reports a net loss of ₹4,441.6 crores

Cheryll Jain — Mon, 01 Nov 2021 12:22:46 +0000

Automotive manufacturer Tata Motors announced on Monday, November 1 its performance results in the second quarter of the current fiscal year. The carmaker posted a combined net loss of Rs 4,441.6 for the quarter ended September 30, after posting a sequential loss of Rs 4,451 crore in the Q1FY22. In comparison, Tata Motors had reported consolidated net losses of Rs 314 crore in the Q2FY21.

Moreover, the manufacturer posted a 14 percent year-on-year increase in consolidated revenue from operations at Rs 61,378 crore in the quarter under the review, sharply surpassing the revenue forecast of analysts. The company had reported a revenue of Rs 53,530 crore in the July-September quarter last year.

However, the company’s operational performance suffered in the second quarter as the consolidated operating margin contracted 210 base points year-on-year to 8.4 percent, owing to input cost inflations. Notwithstanding cost headwinds, Tata Motors India reported a 91 percent on-year rise in revenues and a 130 bps on-year improvement in EBITDA margins to 3.9 percent.

Tata Motors highlighted that its India operations improved in the July-September quarter during the current fiscal year as compared with the corresponding quarter last year, but cited supply chain disruption and commodity inflation as factors that impacted operating margins.

Tata Motors expect the global shortage of semiconductors and commodity inflation to continue affecting its operations for the foreseeable future but affirmed that the company is endeavouring to manage its impact. “The performance is expected to improve gradually starting in H2 as both the supply chain and the pandemic situation improves,” Tata Motors said.

Tata Motor’s subsidy Jaguar Land Rover also suffered due to the shortage of semiconductors globally as sales plunged 11.1 percent on-year. For the second quarter, the luxury vehicle arm of Tata Motors reported a revenue of 3.9 billion GBP, with a pre-tax loss of 302 million GBP.

JLR’s wholesales declined 12.8 percent year-on-year, standing at 64,032 vehicles while its consolidated retail sales were 92,710, reporting a decline of 18.4 percent YoY. JLR’s EBITDA margin in the quarter also contracted 380 basis points on-year to 7.3 percent while its EBIT margin declined 500 basis points to -4.7 percent. Shares of Tata Motors closed 0.6 percent higher at Rs. 486.4 on the National Stock Exchange following the Q2FY22 results announcement.

Tata Motors shares hit a 52-week high owing to 24% increase in Q2FY22 global wholesale figures

Cheryll Jain — Tue, 12 Oct 2021 06:04:10 +0000

Shares of Tata Motors, Tata Group’s automotive manufacturing unit, have witnessed a consecutive increase for the fourth session on Tuesday, October 12, owing to the company’s report of a 24 per cent increase in global wholesale figures for the July-September quarter in comparison to a year ago.

With a 24 per cent rise in its shares over the last three trading sessions, Shares of Tata Motors have hit a 52-week high of Rs. 432.10 on the BSE, opening at Rs. 424.30 after a previous close of 415.65 and then trading at 430.40 in the morning trade on Tuesday.

In a press release, Tata Motors stated that its total global wholesales in Q2 of FY22 were at 2,51,689, which is 24 per cent higher than the same time span of FY21. The wholesales also includes that of Jaguar Land Rover, a luxury vehicle arm of Tata Motors.

The company also reported that the global wholesales for all its commercial vehicles and range from Tata Daewoo, a South Korea- based subsidy of Tata Motors, were at 89,055 in the July-September quarter, witnessing a hike of 57 per cent. Meanwhile, its passenger vehicle range wholesales were at 1,62,634 units, with an increase of 11 per cent from the same quarter last year.

Moreover, global wholesales for Jaguar Land Rover were also reported to be 78,251 in Q2FY22. The sales include that of China-headquartered Chery Jaguar Land Rover, which sold 14,219 units in the Q2FY22. Jaguar wholesales during the time were 13,944 vehicles while the wholesales of Land Rover amounted to 64,307 units.

Following the announcement, ICICI Direct, India’s latest retail broker, asserted that it retains its forward estimates for Tata Motors, valuing the company at a revised target price of Rs 450 on an SOTP basis (15x, 3.3x FY23E EV/EBITDA in India, JLR businesses, respectively).

“We revise upwards our target multiples for India business amid continued outperformance at Tata Motors India and are in line with its peers,” ICICI Direct stated.

Tata Motors seeking ways to offset semiconductor shortage on sales

Aayushi Singh — Sun, 01 Aug 2021 10:58:17 +0000

A company official said that Tata Motors are looking towards various ways to offset the impact of semiconductor shortage on their production activities and sales. The company would include direct buying from the stockists and make change in the product configurations.

The company has been looking at different types of chips that could be used in the components where the supply situation was severe. The company is a seller of the models like Nexon, Harrier and Safari in the domestic market.

The company has expected for the improvement in supplies in the second half of the fiscal as the situation would remain challenging in the current quarter.

Shailesh Chandra, the President Passenger Vehicles Business Unit of Tata Motors, had said that they were impacted due to the uncertainty of supplies but had managed so far. These remarks were made in the reply to whether or not the company was facing issues in their production activities because of semiconductor shortage. He also added that the company was considering on reworking some of the product variants as to minimise the production loss.

Mr Chandra said that they were looking for different semiconductors and had been procuring from the stockists directly, they were also trying to see if a standard chip could be used in the certain components where they had been facing stress. He said that to prevent from losing sales, they were looking at a trim mix.

Mr Chandra said that the company in order to manage the situation were working closely with chip suppliers.

The semiconductors were the silicon chips that cater to control and memory functions in the products like automobiles, cellphones, computers and many other electronic items.

In the auto industry, the use of semiconductors has increased all over the globe in the recent times, as new models come with many more electronic features.

The global supply chains had been led to a shortage due to enhanced demand for automobiles in the past few months which has put pressure on them.

Mr Chandra said that the situation in the current quarter would remain hard and the things would improve in the second half of this fiscal.

He also said that the situation was very uncertain and hard to predict.

Tata Motors aims to launch 10 Electric Vehicles by 2025: N Chandrasekaran

Govindraj Muttepawar — Mon, 28 Jun 2021 13:07:37 +0000

N Chandrasekaran the chairman of Tata Motors said that they would like to accelerate their presence in the electric vehicles segment for which they have plans of have 10 battery electric vehicles in less than four years of time period.

In the speech addressing towards the shareholders during the 76th annual reports the chairman said that, in India the electric vehicle penetration in their portfolio has now doubled to around 2% this year and they are expecting the penetration to increase exponentially in the upcoming years. Tata motors wants to lead this change in the India automotive markets.

Currently Tata Motors is the largest electronic vehicle player in the country with two fully electronic vehicles that is Nexon EV and Tigor EV. Nexon currently holds the title of best selling electric passenger vehicle with sale of more than 4000 units since it was launched in January 2020.

Later there were two similar changes which were programmed from the two British luxury automakers that is Jaguar and land rover. Jaguar will become an electric luxury brand by the year 2025 followed by land rover which is aiming to generate 60% of its sale from electric vehicles by the year 2030

The Tata Group will be investing in setting up charging infrastructure in addition to exploring partnerships in cell and battery manufacturing companies in India and also outside India.

The German also added that Tata motors is looking to set up a software engineering vertical within the Tata group. With plans of hiving of the passenger vehicle business electrification of model range both under its namesake brand and under Jaguar and land rover Tata motors will be undergoing its biggest shakeup ever.

Tata motor wants to complete the subsidiarisation program of its passenger electric vehicle business by the end of September quarter 2021.

Tata Motors trade at nearly 3-year high

Ruchira Sonawat — Thu, 21 Jan 2021 09:24:38 +0000

Shares of Tata Motors Ltd stood as the top gainer on Thursday’s trade with extending gains of nearly 3-year high. The stocks were trading at Rs 296.85, up by 7.98 per cent or 21.95 points at 2:10 PM on NSE.

The stock is up 59.32% in last one year as compared to a 21.75 per cent gain in Nifty and a 29.54 per cent gain in the Nifty Auto index. The benchmark Nifty is up around 0.65 per cent on the day, quoting at 14740.2. The Sensex is at 50135.86, up 0.69 per cent. Tata Motors Ltd has added around 79.27 per cent in last one month.

Meanwhile, Nifty Auto index of which Tata Motors Ltd is a constituent has added around 20 per cent in last one month and is currently quoting at 10369.25, up 2.05 per cent on the day. The volume in the stock stood at 1755.13 lakh shares today, compared to the daily average of 1166.82 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 295.6, up 7.33 per cent on the day. Tata Motors Ltd is up 59.32 per cent in last one year as compared to a 21.75 per cent gain in Nifty and a 29.54 per cent gain in the Nifty Auto index.

The PE of the stock is 0 based on TTM earnings ending September 20.

The stock of the Tata Group commercial vehicles company was trading at its highest level since September 2018. The stock has managed to hold investor interest despite denying reports that it’s planning to sell its stake in the domestic passenger vehicle (PV) business. In the past seven trading days, the stock has rallied 26 per cent on a report that Tesla may choose Tata Motors for its much-awaited India foray. However, the company has denied reports on January 12 in a regulatory filing saying that it has not taken any decision regarding a strategic partner for its PV business.

Thus far in January 2021, the stock of Tata Motors has rallied 51 per cent after the company’s subsidiary Jaguar Land Rover (JLR) posted a second successive quarter-on-quarter recovery in sales, despite the continuing impact of Covid-19. In comparison, the S&P BSE Sensex gained 4.4 per cent so far in the month.

Tata Steel, Jaguar Land Rover not likely to qualify for emergency funding by UK government

Chittesh Dalmia — Sat, 15 Aug 2020 11:33:03 +0000

Talks between Jaguar Land Rover and Tata Steel with the United Kingdom (UK) government have ended, leaving both firms to rely on private financing to overcome the impact of coronavirus on business.

The report said that emergency funding could not be extended to Jaguar Land Rover (JLR), luxury car unit of India’s Tata Motors Ltd as it did not qualify for taxpayer support.

The bailout plan, titled “Project Birch”, had been authorized by Finance Minister Rishi Sunak in May to rescue companies that are seen as strategically important, with the Treasury saying it may step in to support crucial businesses on a “last resort” basis after other options run out.

“Tata Steel remains in ongoing and constructive talks with the UK Government on areas of potential support,” Tata Steel said in a statement.

Source: Reuters

Hefty Challenges in front of Thierry Bollore, the new captain of Jaguar Land Rover

Nivedya P T — Thu, 06 Aug 2020 11:25:20 +0000

As Britain’s largest carmaker, Jaguar Land Rover (JLR) owned by Tata Motors is hit hard by the pandemic, its new captain Thierry Bollore will have a hard time ensuring that they achieve the target which has been delayed by the COVID-19 outbreak and amplified existing problems with its line-up, lack of scale and bloated costs.

The former Renault CEO will take over the reins at JLR next month succeeding Ralph Speth, who will continue as non-executive chairman of JLR.

The appointment has come at a time when JLR, hit hard by the pandemic reported a significantly low sales, suffering a loss of 501 million pounds in the quarter ended March 31, 2020.

Bollore will have to face challenges to turnaround the market and drive positive cash flows in an environment of slow global growth. He is also faced with formulating plans to make deeper inroads into the growing market for hybrid and electric vehicles while concentrating on costs and profits.

Bollore is expected to bring immense expertise to JLR, with his pedigree at Renault as CEO and the senior position at Faurecia, a global automotive supplier.

Commenting on his appointment, Natarajan Chandrashekhar, Chairman, Tata Sons, Tata Motors, and Jaguar Land Rover PLC had said that an established global business leader with a track record of implementing complex transformations like Thierry will bring a wealth of experience to one of the most revered positions in the industry.

With the target of achieving 6 billion pounds in cumulative cost savings by the end FY21, JLR has a hard way to go in launching plug-in hybrid vehicles and mild-hybrid electric vehicles in order to compete with the German rivals BMW Group, Daimler AG and Volkswagen AG which are on their electrification plans.

The Frenchman will have the key responsibility of reducing the costs across manufacturing, design, steer the brand into sustained profitability with a focus on clean energy strategy, and lookout for sustainable ways to survive the continually evolving and increasingly challenging industry.