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
S&P Global Ratings has upgraded its long-term ratings on Tata Motors to speculative grade ‘BB’ with stable outlook on earnings improvements and potential deleveraging. The ratings agency had earlier placed Tata Motors in ‘BB-‘. As per S&P ratings, a BB grade is less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, … Read more
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New Delhi: Foreign brokerage firm HSBC Global Research retained its positive view on , with a ‘buy’ call, and increased the target price on the counter. The brokerage said improvement in semiconductor supply should help Jaguar Land Rover (JLR) volumes going forward, disproportionately benefiting the cash flows. Semiconductor supply is likely to improve every month … 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
MUMBAI: Shares of Tata Motors rallied in Wednesday’s session as the auto maker’s Q2 results beat Street expectations. The management’s focus on free cash flow (FCF) generation also encouraged investors. Tata Motors Q2 losses widened year-on-year during the September quarter as sales continued to remain lower than the previous year, but the company performed better … Read more
New Delhi: Shares of Tata Motors traded flat in Friday’s morning trade ahead of the company’s financial result for the quarter ended June 30 later in the day. The scrip was up 0.10 per cent at Rs 103.75, while the benchmark BSE Sensex was down 0.11 per cent at 37,696 at around the same time. … Read more