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.

MS Dhoni purchase a 1971 Land Rover Series III Station Wagon in online auction

Simnan Vora — Wed, 19 Jan 2022 09:56:53 +0000

Former Indian captain and celeb Mahendra Singh Dhoni is well-known for his passion for classic car collections and his ultra-cool collection of motorcycles. Consequently, it was not a shock when the Chennai Super Kings captain enhanced a new vehicle to his garage. The former Captain Cool’s selection of cars and motorcycles is something that would be a precious possession for any automotive fanatic. Dhoni’s newest possession is a timeless Land Rover which was purchased through the first online auction of classic and vintage cars held by Big Boy Toyz. The model acquired in the auction by Dhoni is a 1971 Land Rover Series III Station Wagon.

A few months ago MS Dhoni’s wife Sakshi had shared a video of a Shetland pony breed horse imported from Scotland, in which the horse was seen eating the grass in front of the garage of vintage cars. Through this tape, the fans also got to witness the collection of Dhoni’s vintage cars. There were 3 cars, 1969 Ford Mustang Fastback, Rolls Royce Silver Shadow and Pontiac Firebird Trans Am.

It was not a surprise when Dhoni added his newest possession timeless Land Rover and expanded his collection in his vintage garage.

Top 10 luxury Car manufacturing brands in the World

Ayisha Farah — Sun, 26 Sep 2021 04:30:45 +0000

The online popularity of the world’s top luxury car brands is a reliable indicator of future sales and trends shaping the global auto industry. Every luxury car brand on our list captures customers’ attention and sparks meaningful conversations on social media. They are at the forefront of issues important to affluent consumers.

The global luxury auto industry is a growing market, expected to reach $665 billion by 2027. While German automakers dominate our list with BMW, Mercedes Benz and Audi, the USA is rapidly catching up with Tesla. Japan has only one brand in the top 10 with Lexus, Toyota’s premium arm. The rest of the rankings are other European brands from Sweden (Volvo), Italy (Lamborghini and Ferrari), the U.K. (Land Rover).

BMW

BMW (Bayerische Motoren Werke) is the most popular luxury auto brand online. It holds a 22.8% market share of research interest in 2021, with a host of trusted stocks that have consistently kept it in the conversation. The brand’s shift towards luxury electric vehicles has undoubtedly helped draw attention, especially with the announcement of the electric-driven BMW New Class platform, which will launch in 2025.

Image Source: Luxe Digital

The German luxury car brand is also keeping its name at the forefront of the industry with the arrival of its highly anticipated BMW M3 and M4 and the upcoming fully electric iX model.

The brand’s electric motors are said to challenge Tesla. And, as always, the brand’s ever-evolving tech provides towards its steady market share. By 2023, BMW anticipates almost double its number of all-electric and plug-in hybrid models to 25.

Mercedes-Benz

Daimler Group’s luxury auto division, Mercedes Benz, ranks second on our list of the most popular luxury auto brands online and the most valuable luxury auto brand in 2021. Redefining new luxury with a lineup from battery-powered supercars, Mercedes Benz has kept its position near the top thanks to its constant attention to detail and the relentless pace of technology.

Image Source: Luxe Digital

Mercedes Benz’s E.Q. battery-powered electric cars have received a lot of attention over the past three years, with particular focus in the past 12 months, with their upcoming launch. This is the first model based on the German automaker’s dedicated electric vehicle architecture, combining style and substance so that only Mercedes Benz can.

Audi

Everyone’s eyes have been on Audi’s innovative technology, from the brand’s latest Tesla-fighting electric sports car to photographers obtaining footage of the Audi Q9. Breaking into the electric vehicle market has been a priority for German luxury car manufacturers over the years.

Image Source: Luxe Digital

Accompanying the buzz surrounding the Q9, Audi has reached closer to the top as it raises its status into the forefront of the E-vehicle industry. The brand even declared a partnership with Amazon to let its customers buy high-power electric charging stations at home from the online shopping giant.

This summer, the brand aspires to reveal its Audi e-Tron G.T., competing luxury car manufacturers with its 15.5% share of search interest.

Tesla

Tesla’s obsessive following guarantees it attaches to conversations. As of 2021, it’s number one in online popularity in the U.S. market. Founded in July 2003, Tesla remains the highest prized carmaker globally and its rising stock prices, thanks to the brand’s “home run” of sales in the first quarter of 2021, promise a positive outlook overall. Through its global production expansion across China and Europe, Tesla manufactured 180,338 vehicles in the first quarter of 2021.

Image Source: Luxe Digital

Porsche

Things are going well for Porsche, with sales high more than 44% from 2020’s Q1. The brand credits much of this to its ever-growing model series, focusing profoundly on the first fully electric Porsche. The Taycan, the 4S, the Turbo, and Turbo S were only hitting the market in Q1 2020, with the Taycan Cross Turismo joining the force in later months.

Image Source: Luxe Digital

Unlike other companies who’ve chosen to shut down their subscription services – BMW, Mercedes-Benz and Cadillac – Porsche plans to advance its expansion in the United States throughout this year and into 2022.

Rolls-Royce

The British luxury car brand Rolls Royce is often regarded as the epitome of luxury.
Rolls-Royce Ghost is hailed as the top luxury car of 2020, and the brand has been attracting attention ever since. Rolls-Royce is considered to be one of the most groundbreaking luxury supercars in the past 12 months. Due to Ghost’s low-key and stylish features, it is likely to receive this attention.

In addition to receiving orders for 20 Rolls-Royce Ghosts on the first day of the Bangkok International Motor Show, the limited-edition Phantom Tempus Collection is another highlight in recent months.
Rolls-Royce sold 1,380 cars in the first quarter of 2021, the highest quarterly sales in the first quarter of 2021 in the 116-year history of the brand (a 62% increase over the same period in 2020).

Image Source: Luxe Digital

Volvo

From the addition of five more of its models to the IIHS Top Safety Pick Plus list to its doubled paid parental leave and a substantial rise in sales across the first quarter of the year, it’s safe to say that Volvo is ticking all the boxes when it comes to beginning conversations online. The latter two points are slightly related: as Volvo strives to strengthen its market share in the electric vehicle industry, it also hopes to boost retention rates and talent acquisition through a range of encouraging new policies.

Image Source: Luxe Digital

Together, the goal is to become an all-electric vehicle manufacturer by 2030, according to Volvo’s CEO.

The brand’s shift towards the luxury vehicle market, blending Scandinavian minimalism with electric power, promotes a broader discussion about making environmentally friendly and safe luxe vehicles.

Lamborghini

Lamborghini announced record profits in 2020, delivering 7,430 vehicles worldwide with a profit of $1.9 billion. Although the pandemic has forced a halt for two months, the luxury supercar brand has reported nine months of recorded orders for 2021 and a growing market share in China. Lamborghini’s midpoint in the online world may be due to the company’s lack of electric vehicles – something CEO Stephan Winkelmann has hinted could change in the coming months.

Image Source: Luxe Digital

Ferrari

Image Source: Luxe Digital

2022 will see the arrival of the Ferrari Purosangue – the brand’s first luxury SUV, in a rather unexpected move. For now, widespread media attention in 2021 has been focused on auto enthusiasts who eagerly await the vehicle’s first glimpses. Created to compete with the Lamborghini Urus and Aston Martin DBX, the Ferrari Purosangue comes when many other supercar brands are launching variants of a family car.

Land Rover

Land Rover is determined to stay one step ahead in technology. Thanks to its recent partnership with Virgin Galactic’s commercial spaceline and Panasonic’s nanoe X anti-virus air purification technology, the British carmaker remains one of the most popular luxury car brands online. Both are working to rekindle the Land Rover spark in a move that will impress entirely different consumer groups.

Image Source: Luxe Digital

The latter is something that promises to increase Land Rover’s appeal throughout the year, even more, helping to position the brand as a safer option with an enhanced level of interior protection.

Land Rover | Business Upturn

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

MS Dhoni purchase a 1971 Land Rover Series III Station Wagon in online auction

Top 10 luxury Car manufacturing brands in the World