Tata Motors on Monday announced the demerger of its commercial and passenger vehicle segments into two separate listed entities to better capitalise on growth opportunities. The commercial vehicles business and its related investments would be housed in one entity while the passenger vehicle business, including electric vehicles, Jaguar Land Rover (JLR) and its related investments, would be part of the second entity, the auto major said in a regulatory filing. Tata Motors chairman N Chandrasekaran said that Tata Motors has scripted a strong turnaround in the last few years.
There is no impediment to normal operations as Tata Motors puts in place the demerger process of its commercial and passenger vehicles businesses. Instead, the demerger would provide greater manoeuvrability for both new entities to operate independently, according to Tata Motors management. While there may not be immediate value unlocking, it will give investors clarity about future growth and the financials across different segments.
The rover, Zhurong, named after a god of fire and war in Chinese mythology, landed at the pre-selected area in Utopia Planitia on Mars, the state-run Xinhua news agency reported.
The coffin of the senior royal will be loaded into the Land Rover for an eight-minute procession to the gates of St George's Chapel, where the funeral is to begin with a national minute's silence at 1500 local time on April 17.
Those who run Jaguar and Land Rover and their top designers talk about leaping cats, concept Landies and Ratan Tata.
On December 15, 2020, JLR announced that it has opened bookings of its first Plug-In Hybrid in India, the New Defender P400e.
Tata Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.
India on Wednesday joined an elite group of three nations to have sent a spacecraft on the Moon, as Chandrayaan-3 landed a rover on the lunar surface to explore the uncharted territories near the south pole.
ISRO Chairman S Somanath had recently said the most critical part of the landing will be the process of reducing the velocity of the lander from 30 km height to the final landing, and the ability to reorient the spacecraft from horizontal to vertical direction. "This is the trick we have to play here," he said.
The NASA astronaut with a storied career in space exploration also commended India's substantial role in shaping the field of space exploration.
JLR, the maker of Jaguar F-Type and Range Rover Evoque, was a jewel in the crown of Tata Motors till two years back. But, it has been struggling because of the pending Brexit, a sharp contraction in sales in China, a shift in consumer preference from diesel to gasoline in Europe, higher taxes on diesel vehicles, and tightening regulations.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
According to the Indian Situational Space Awareness Report for 2023, the nominal lift-off of the Launch Vehicle Mark-3, carrying the Chandrayaan-3 spacecraft, had to be delayed by four seconds based on the Collision on Launch Avoidance analysis.
In a giant leap for its space programme, India's Moon mission Chandrayaan-3 touched down on the lunar south pole at 6.04 pm on Wednesday, propelling the country to an exclusive club of four and making it the first country to land on the uncharted surface.
From its lows in December, the stock of Tata Motors is up about 15 per cent. The gains came on the back of better than expected December volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs are expected to be key positives for the company.
The initial tests will involve vehicle-to-vehicle and vehicle-to-infrastructure communications technologies that will allow cars to "talk" to each other and roadside signs, overhead gantries and traffic lights
Prime Minister Narendra Modi on Saturday visited a Tata Motors-owned Jaguar Land Rover factory in the West Midlands region of England that is known as the flagship Indian investment in the UK.
The agency said it is currently receiving a signal from the lander, which is communicating as expected.
Using artificial intelligence techniques, Jaguar Land Rover self-learning car will offer a comprehensive array of services to the driver, courtesy of a new learning algorithm that recognises who is in the car and learns their preferences and driving style, the company said.
In his latest reel, he showed us his brand new car, a Land Rover, no less!
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The all-new Land Rover is not just a capable car on different terrains, but also makes for an exceptionally comfortable ride experience, says P Tharyan
Tata Motors owned Land Rover is likely to be manufactured in China, through a joint venture with Chinese automobile major Chery Automobile Co Ltd, and is awaiting final clearance, a report said.
The turnaround at Tata-owned car-maker Jaguar Land Rover accelerated in the July-September quarter as booming demand in China helped drive a 30 per cent rise in sales, the company announced in a statement.
The vehicle will be powered by a 3.0-litre TDV6 diesel engine, featuring an 8-speed automatic transmission.
Tata Motors-owned Land Rover on Wednesday said its new sports utility vehicle -- Range Rover Evoque, which will hit the market in 2011, will carry a starting price tag of 30,000 pounds (about Rs 21 lakh).
After turning around the fortunes of the iconic Land Rover, Tata Motors on Tuesday said that it plans to start assembling the high-end SUV in India from next year.
The British marque had earlier announced to add 275 new jobs at its production facility at Solihull in West Midlands to meet rising demand after sales improved for several months. Land Rover currently employs 9,500 people and supports a further 40,000 jobs in the supply chain.
Land Rover on Tuesday said its first diesel hybrid sports utility vehicle will hit the roads by 2013 for which testing of the prototype named 'range e' will start this year-end.
The Solihull plant employs over 5,000 people and the "extra 275 agency positions are required to start immediately" to boost further the demand for the new vehicle.
The Discovery Sport is a practical package, a spacious cruiser with good off-roading capabilities says Indian automobile website MotorBeam.com.
Tata Motors-owned marquee brand Land Rover today reported its best ever monthly sales in the UK market where it is based, with 11,300 units sold in March, up 67 per cent from the same month last year.
It takes 56 hours to make the largely hand-built Defender at the firm's Solihull factory in central England
Some serious cost-cutting has resulted in significantly lower losses at JLR.
The Freelander, a compact yet premium 4X4 SUV, is sold in large European markets.
The company is developing a new model in its research and development centre in the United Kingdom, which will primarily address the defence needs of most countries around the globe, including India, said a senior executive from Land Rover.
'SUV is a very intensely fought category, unlike hatchbacks and cars.'
Company chief executive David Smith said that he did not expect sales to return to normal levels "for some time." He added, "It is only right and proper that our response to the unavoidable impact of the credit crunch and a severe reduction in demand includes actions across all grades and functions in the company. It is critical that Jaguar Land Rover becomes a more efficient and dynamic organisation to face up to the challenges that we will meet in the years ahead."
India is now on the Moon and the success of the lunar mission has sounded the bugle for the emergence of a developed nation, Prime Minister Narendra Modi said on Wednesday as Chandrayaan-3 landed successfully on the lunar surface.
Tata Motors-owned Jaguar Land Rover has announced plans to axe 400 more jobs in view of the current global economic downturn.
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