Diabytes
Jaguar Land Rover News
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Jaguar Land Rover (JLR) is set to produce its flagship Range Rover and Range Rover Sport models in India.
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The new Range Rover Sport get a hybrid-powertrain
The new Range Rover Sport gets Electrical Vehicle Architecture (EVA 2.0)
Land Rover’s latest Terrain Response 2 system enhances the off-road performance
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The V8-powered model of the new Defender lineup is launched at a starting price of Rs 1.82 crore (ex-showroom) in India.
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Tata Motors share prices took major hit
It traded at 8.43 per cent lower when stocks closed
The company flagged concerns regarding semiconductor chip shortage
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The company had posted a consolidated net loss of Rs 9,864 crore in the January-March period of 2019-20, Tata Motors said in a BSE filing.
This was on account of JLR's new global strategy to 'Reimagine' the future of modern luxury by design and deliver double-digit EBIT margins by fiscal 2025/26.
For FY'21, JLR revenue was at 19.7 billion pounds while retail sales were at 439,588 units, down 13.6 percent.
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Overall, the company believes that there is huge headroom for growth in the luxury car segment in India, he said.
He added that the company aims to grow faster than the luxury car market in the domestic market in the current fiscal.
In February this year, JLR announced plans to become a net-zero carbon business by 2039 for which its Jaguar brand will become an all-electric luxury vehicle marque from 2025.
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The fundraising comes as the coronavirus pandemic has hit global automakers` supply chains and sales.
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The rating agency has however retained ICRA A1+ rating for Commerical paper programme, Short term debt programme and short-term non-fund-based facilities of Tata Motors .
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Sales of Jaguar brand of vehicles stood at 13,142 units in May, a dip of 9.4 per cent over May 2018, the company said in a statement.
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The UK-based car giant, which was acquired by Tata Motors in 2008 from Ford, has been reeling under tough market conditions and uncertainty over Brexit issue.
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The locally manufactured model is offered in a single trim, R Dynamic-S variant, and is available with both petrol and diesel powertrains.
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The company had reported a net profit of Rs 1,214.6 crore in the October-December quarter of 2017-18.
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Tata Motors' group global wholesales in December 2017 stood at 1,16,677 units.
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Jaguar Land Rover sells its vehicles in the country through 27 authorised outlets.
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Jaguar XJ50 is available in long wheelbase with a 3.0 l, 225 kW diesel powertrain.
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Terming the external environment as challenging, the company said it is taking decisive actions to achieve the necessary operational efficiencies to safeguard long-term success.
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The ratings agency has also affirmed the 'corporate family rating' and the company's senior unsecured instruments ratings at Ba2, which is considered to be speculative grade and subject to substantial credit risk.
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The agency cited a likely increase in JLR's negative cash flow in the next two years due to the falling profitability and the risks from Brexit as it sells around 20 percent of its volumes in the EU markets.
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Sales of all passenger vehicles globally were at 61,328 units in the month, a growth of 4 percent from August last year.
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Investment will be 4.5 billion pounds per annum from FY19 to FY21 and subsequently targeted at 12-13 percent of turnover, JLR said in an investor presentation.
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