DriveInside.com | Sunday March 14, 2010
Tata Motors-owned British marquee brands – Jaguar and Land Rover – will be cutting production costs by a substantial percentage over the next 12 months, by sourcing over 30 percent of their vehicle components from low-cost countries including India and China. Tata Motors CFO, Mr C Ramakrishnan, said that about an year-and-a-half ago, JLR was Read More...
DriveInside.com | Thursday February 25, 2010
Tata Motors-owned Land Rover raced past German luxury-car maker BMW in premium SUV sales in January 2010. While Audi India sold the maximum number of premium SUVs in the month at 114 units, Land Rover jumped to second place with a sale of 35 units, as against BMW’s 16 units. Land Rover’s biggest advantage over its German competitor is its cheaper Read More...
DriveInside.com | Wednesday January 27, 2010
Mr. David Smith, Chief Executive Officer (CEO) of Tata Motors-owned Jaguar and Land Rover, stepped down this week, possibly because of disagreements with the parent company over strategy. While a number of media reports link Smith’s exit to the failed negotiations regarding workers’ salaries recently, a JLR spokesperson denied any connection Read More...
DriveInside.com | Saturday December 12, 2009
Tata Motors-owned British car brands Jaguar and Land Rover are expected to reach operating profit levels within an year. The company’s Chief Financial Officer, Mr C Ramakrishnan, said that a whole new set of initiatives was being launched to bring down its break-even point to 60-65 per cent. JLR’s long term strategy includes measures to bring down Read More...
DriveInside.com | Tuesday November 17, 2009
Tata Motors-owned Jaguar Land Rover (JLR) will be receiving a working-capital facility worth 170 million pounds from GE Capital for a five-year term. GE Capital said in a statement this week that the deal would help reduce the time gap between production and distribution of cars. It added that the agreement with JLR was further evidence of its Read More...
DriveInside.com | Monday November 9, 2009
The head of GM’s European operations, Carl-Peter Forster, who quit last week after GM decided not to sell Opel to Magna International, may soon take charge of Jaguar-Land Rover (JLR). According to media reports, Forster was given the offer earlier this year and is likely to take over JLR’s British operations within the next few months.
55-year Read More...
DriveInside.com | Tuesday November 3, 2009
Tata Motors launched the ‘Range Rover Model Year 2010’ from the Land Rover stable this week. The SUV is available at a starting price of Rs 98.5 lakh (ex-showroom, Mumbai) and comes in both diesel and petrol variants. Tata Motors said in a statement that the 2010 Range Rover has been upgraded to deliver a more power-packed performance and greater Read More...
DriveInside.com | Thursday October 8, 2009
UK-based luxury car manufacturer Jaguar-Land Rover (JLR), now owned by Tata Motors, has secured a $277.7 million (175 million pounds) loan from the State Bank of India. JLR’s Chief Financial Officer, Kenneth Gregor, said that the company was happy that its banking partners were showing confidence in its business capabilities and that its funding Read More...
DriveInside.com | Thursday October 1, 2009
The Global Automotive Leader at Ernst & Young, Mr Mike Hanley, said during a recent visit to India that this is the perfect time for Indian auto companies to enter the US. He said that the expansion can take place in two ways. The first is to acquire US based companies, and the second to enter the US market organically. The market for small, Read More...
DriveInside.com | Sunday September 27, 2009
Tata Motors-owned Jaguar-Land Rover (JLR) has announced that it will shut down one of its West Midlands plants in the UK. The decision is a part of the ailing luxury brands’ strategy to become profitable again. JLR also plans to develop more products and infuse more funds to give a boost to its sales. A total of 800 million pounds will be invested Read More...
DriveInside.com | Wednesday September 23, 2009
Tata Motors launched Land Rover’s Freelander 2 in India this week. The Freelander, available in three variants – S, SE and HSE, is priced between Rs 33.80 lakh and Rs 45 lakh.
Mr. Rohit Suri, the head of Tata Motors’ premium car division, said that the company would also launch new versions of the other three Land Rover models currently Read More...
DriveInside.com | Tuesday September 1, 2009
Car company Tata Motors has suffered a loss of Rs 329 crore in the first quarter of the financial year 2009-10. In the corresponding period last year, the company earned a profit of Rs 720 crore. However, the two periods cannot be compared fairly because during Q1 2008-2009, British brands Jaguar and Land Rover (JLR) were not part of Tata Motors. Read More...
DriveInside.com | Wednesday August 26, 2009
Tata Motors' Chairman, Mr Ratan Tata, said at the company's annual general meeting this week that the Tata Nano would soon be available with higher capacity engine options. He said that Tata Motors was in the process of developing upgraded engines for the Nano, to be sold in both domestic and foreign markets. The Nano was originally developed with Read More...
DriveInside.com | Wednesday August 12, 2009
Tata Motors has informed the UK government that it no longer needs government guarantees for short-term and long-term loans for Jaguar and Land Rover (JLR). The statement came soon after the company secured a 75 million pound loan from Burdale Financial. The Tatas are very close to finalising their short term loans through commercial banks, and Read More...
DriveInside.com | Tuesday August 11, 2009
Tata Motors has succeeded in securing a 75 million pound loan from Burdale Financial, a member of the Bank of Ireland Group, for its ailing British brands Jaguar and Land Rover (JLR). The three year loan has been secured against stock inventories and receivables of Land Rover in the UK and the US. The much needed help for JLR comes as it battles Read More...
DriveInside.com | Sunday August 2, 2009
Tata Motors-owned car brands Jaguar and Land Rover (JLR) will be launching several new models in the coming years, to drive sales. The new models will also include hybrid cars, and will all come with aluminium bodies to cut down on carbon emissions. Tata Motors Chairman, Mr Ratan Tata, said that a number of new models are already at the Read More...
DriveInside.com | Wednesday July 29, 2009
Tata Motors has hired KPMG and Roland Berger Strategy Consultants, both Munich based specialists, to advise it on cutting costs and managing cash flow at Jaguar and Land Rover (JLR). Last year, JLR reported a net loss of 673 million dollars in the UK. Ever since it acquired the brands in early 2008, Tata Motors has spent more than one billion Read More...
DriveInside.com | Saturday July 25, 2009
Luxury car brands Jaguar and Land Rover, launched in India on the 28th of June 2009, have already established a sizeable market in the country. A total of 27 models of the two companies have been sold in as many days, Land Rover accounting for 15 of these. There are only 2 outlets where JLR vehicles are currently available – the Tata Motors Read More...
DriveInside.com | Thursday July 16, 2009
A recent survey conducted by research firm Synovate says that India is among the top few countries in the world where luxury cars are more popular than ‘green cars’. India comes second in the list, with 47 per cent respondents choosing luxury cars, and 30 per cent choosing environment friendly cars. South Africa, where 53 per cent respondents Read More...
DriveInside.com | Sunday July 12, 2009
UK based car companies Jaguar and Land Rover, which were acquired by Tata Motors last year, are planning more layoffs and an extended shut down at their three plants. Sales at JLR fell drastically over the past year, leading Tata Motors to its first annual loss in seven years. The company suffered a loss of 522 million dollars, following which it Read More...