The news brings a huge relief for investors when investors were fearful of a “no-deal Brexit” Tata Motors’ has hit a hard patch in both domestic and international markets
2 min read18 Oct 2019It is too early to hope for a turnaround, amid continued turbulence in the automobile industry, globally Weak sales and capacity utilization have been translating into negative operating leverage; thus, profit margins are expected to remain under pressure
2 min read12 Sep 2019Tata Motors is expected to post a decline in consolidated revenue for Q1FY20 due to weak demand in the domestic market and a slowdown in China that has hit JLR global performance JLR recently reported total sales of 128,615 units for Q1FY20, which was down 11.6% year-on-year
1 min read25 Jul 2019While cost-cutting might arrest losses, JLR's plummeting sales graph may not change course before FY20
3 min read16 Jan 2019Jaguar sales in 2018 stood at 180,833 units, a growth of 1.2% over 2017 sales while Land Rover's declined 6.9% in 2018 to 4,11,875 units
1 min read10 Jan 2019The JLR job cuts are a response to sales slowdown caused by Brexit, flagging demand for diesel-powered vehicles and a downturn in China
1 min read10 Jan 2019JLR India sales rose 16.23% to 4,596 units in 2018 from 3,954 units in 2017
1 min read8 Jan 2019S&P cut its rating on Tata Motors' issuer credit and senior unsecured notes to 'BB-' from 'BB'. The ratings remain on negative watch, reflecting the uncertainties for JLR from the Brexit deadline, S&P said
1 min read4 Dec 2018Credit-default swaps protecting Jaguar's debt against non-payment using five year contracts surged to 582 basis points on Thursday, a six-year high. The cost to buy protection on Jaguar bonds was as low as 113 basis points in August of last year
1 min read16 Nov 2018Moody's downgraded Tata Motors' outlook to negative from stable and the ratings to Ba3 negative from Ba2 stable over declining JLR sales in China and Europe, and Brexit
2 min read15 Nov 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared