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EV Maker BYD Said to Be Planning to Invest $1 Billion in India for Electric Cars, Batteries
China's BYDÂ has submitted a $1 billion (nearly Rs. 8,200 crore) investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulato...
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Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
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Tata Motors Announces Sixth Straight Quarterly Loss Amid Chip Shortage, Inflation
Tata Motors announced quarter report on Wednesday, reporting loss due to inflation, COVID-19 lockdown in China, and chip shortages. However, the sale of electric vehicles reached 9,300 units in the quarter, four times as many as in the same quarter last year.
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How Semiconductor Shortage Affects The Auto Industry?
As demand for cars returns, automakers in India and around the world are announcing production cuts due to the global shortage of semiconductors.
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Jaguar Land Rover Global Sales Dip By 15.5% In August 2020
Tata Motors-owned Jaguar Land Rover has posted a decline of 15.5 per cent in sales for August 2020. According to the regulatory filing, the British automaker sold 28,887 units last month, seeing a sharp decline in year-on-year volumes when compared to the same month last year. The luxury carmaker also saw a year-on-year drop in sales in the markets...
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How India-China Clash Can Impact Alibaba, Xiaomi, Tata Motors, Others
India and China, which together account for a population exceeding 2.7 billion, are key markets for each other's firms.
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Jaguar Land Rover Raises $705 Million Loan From Chinese Banks
Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said.Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the thr...
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Tata Motors Warns Of JLR Profit Hit Due To Coronavirus
Indian automaker Tata Motors has warned of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as sales in China have taken a hit because of the coronavirus outbreak.
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Indian Automakers Say China Coronavirus Outbreak Hitting Parts Supply
Indian automakers Mahindra and Mahindra Ltd (M&M) and Tata Motors said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts.
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Sensex Plunges 1,448 Points, Nifty Holds 11,200 As Coronavirus Rattles Markets
Domestic stock markets slumped more than 3 per cent on Friday continuing their downward spiral for the sixth session in a row, as fears the coronavirus outbreak may trigger recession across major economies spooked their global peers. Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, ...
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JLR Parent Tata Motors Posts Third-Quarter Profit Above Estimates
Analysts on average were expecting a profit of 10.19 billion rupees, according to IBES data from Refinitiv. JLR sales in China jumped 24.3% in the quarter.
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Tata Motors Posts Smaller Q2 Loss Of Rs. 217 Crore Due To Boost In JLR Sales In China
Tata Motors has officially come out with its financial results for the second quarter of Financial Year 2019-20. The home-grown automaker has reported a loss of Rs. 216.56 crore, beating the street's expectation by a huge margin, which predicted a loss of Rs. 1200 to Rs. 1500 crore.
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Jaguar Woes Add To Challenges For India's Most Indebted Empire
Although Jaguar posted a net income of 119 million pounds ($151 million) this week, debt at owner Tata Motors Ltd. has grown to almost $14 billion, as it struggles to tide over a demand slump in China, the world's biggest auto market.
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Tata Motors Sees Jaguar Land Rover Back In Profit This Year As China Sales Recover
Tata Motors expects its luxury Jaguar Land Rover arm to return to profit this financial year helped by cost cuts and a recovery in Chinese demand.
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Tata Motors Cuts Profit Margin Outlook Over JLR's Brexit, China woes
Tata Motors expects the EBIT (earnings before interest and tax) margin for the fiscal year 2018-19 ending March 31 to be "marginally negative".
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EV Maker BYD Said to Be Planning to Invest $1 Billion in India for Electric Cars, Batteries
China's BYDÂ has submitted a $1 billion (nearly Rs. 8,200 crore) investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulato...
-
Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
-
Tata Motors Announces Sixth Straight Quarterly Loss Amid Chip Shortage, Inflation
Tata Motors announced quarter report on Wednesday, reporting loss due to inflation, COVID-19 lockdown in China, and chip shortages. However, the sale of electric vehicles reached 9,300 units in the quarter, four times as many as in the same quarter last year.
-
How Semiconductor Shortage Affects The Auto Industry?
As demand for cars returns, automakers in India and around the world are announcing production cuts due to the global shortage of semiconductors.
-
Jaguar Land Rover Global Sales Dip By 15.5% In August 2020
Tata Motors-owned Jaguar Land Rover has posted a decline of 15.5 per cent in sales for August 2020. According to the regulatory filing, the British automaker sold 28,887 units last month, seeing a sharp decline in year-on-year volumes when compared to the same month last year. The luxury carmaker also saw a year-on-year drop in sales in the markets...
-
How India-China Clash Can Impact Alibaba, Xiaomi, Tata Motors, Others
India and China, which together account for a population exceeding 2.7 billion, are key markets for each other's firms.
-
Jaguar Land Rover Raises $705 Million Loan From Chinese Banks
Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said.Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the thr...
-
Tata Motors Warns Of JLR Profit Hit Due To Coronavirus
Indian automaker Tata Motors has warned of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as sales in China have taken a hit because of the coronavirus outbreak.
-
Indian Automakers Say China Coronavirus Outbreak Hitting Parts Supply
Indian automakers Mahindra and Mahindra Ltd (M&M) and Tata Motors said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts.
-
Sensex Plunges 1,448 Points, Nifty Holds 11,200 As Coronavirus Rattles Markets
Domestic stock markets slumped more than 3 per cent on Friday continuing their downward spiral for the sixth session in a row, as fears the coronavirus outbreak may trigger recession across major economies spooked their global peers. Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, ...
-
JLR Parent Tata Motors Posts Third-Quarter Profit Above Estimates
Analysts on average were expecting a profit of 10.19 billion rupees, according to IBES data from Refinitiv. JLR sales in China jumped 24.3% in the quarter.
-
Tata Motors Posts Smaller Q2 Loss Of Rs. 217 Crore Due To Boost In JLR Sales In China
Tata Motors has officially come out with its financial results for the second quarter of Financial Year 2019-20. The home-grown automaker has reported a loss of Rs. 216.56 crore, beating the street's expectation by a huge margin, which predicted a loss of Rs. 1200 to Rs. 1500 crore.
-
Jaguar Woes Add To Challenges For India's Most Indebted Empire
Although Jaguar posted a net income of 119 million pounds ($151 million) this week, debt at owner Tata Motors Ltd. has grown to almost $14 billion, as it struggles to tide over a demand slump in China, the world's biggest auto market.
-
Tata Motors Sees Jaguar Land Rover Back In Profit This Year As China Sales Recover
Tata Motors expects its luxury Jaguar Land Rover arm to return to profit this financial year helped by cost cuts and a recovery in Chinese demand.
-
Tata Motors Cuts Profit Margin Outlook Over JLR's Brexit, China woes
Tata Motors expects the EBIT (earnings before interest and tax) margin for the fiscal year 2018-19 ending March 31 to be "marginally negative".
