Tata Motors‘ wholly-owned subsidiary, Jaguar Land Rover (JLR) Plc, UK on Thursday announced the appointment of Adrian Mardell as Chief Executive Officer (CEO) extending up to a term of three years. Mardell was appointed as the interim CEO in November 2022 when Thierry Bollore resigned due to personal reasons. He has also served as the … Read more
Tata Motors on Friday said its arm JLR’s (Jaguar Land Rover) wholesales (excluding China JV) rose 30% year-on-year (YoY) to 93,253 units for the first quarter ended June 2023. Meanwhile, retail sales increased by 29% YoY to 1.01 lakh units. The company said JLR’s order book remains strong at 185,000 units, reflecting strong client demand. … Read more
In the last three months, Tata Motors has underperformed the BSE Auto index with headwinds emerging from the supply side. Synopsis The focus on cost control can be gauged from the fact it saved 150 million at JLR, by curbing variable marketing expenses and implementing a 10% reduction per car in vehicle cost. In the … Read more
MUMBAI: today reported a surprise consolidated net loss of Rs 7,605.4 crore for the quarter ended March due to a large write off related to subsidiary Jaguar Land Rover. Analysts had expected the automaker to report consolidated net profit of Rs 3,367.3 crore for the quarter. In the year-ago quarter, the company had reported a … Read more