Tata Motors says JLR sales up 11% in Q4
Sales of Jaguar Land Rover (JLR), which contributes to two-thirds of Tata Motors' total revenue, helped the latter report its first annual profit in five years in fiscal 2023.
Tata Motors Limited is an Indian Multinational automotive manufacturing company headquartered in Mumbai. The company is a member of the TATA Group. The products that Tata Motors Limited provide are passenger cars, trucks vans, coaches, buses, sports cars, construction equipment and military vehicles. Tata Motors has auto manufacturing and assembly plants situated in India as well as Overseas. In India they are situated in Jamshedpur, Pantnagar, Lucknow, Sanand, Dharwad, and Pune. Internationally they are situated in Argentina, South Africa, Great Britain, South Korea & Thailand. The Company is working under the guidance of the chairman Natarajan Chandrasekaran. TATA Motors have established a unique position among the global leaders in the automotive segment with a marvelous range in both commercial vehicles and passenger vehicles in a well-known brand portfolio. TATA Motors was established in 1945, which now has an employee strength of over 60,000 and a turnover of approximately 42 billion dollars. TATA Group has a 100 operating companies that are spread across six continents divided into different categories like Communications & ITeS, Manufacturing, Reality & Infrastructure, Consumer & Retail, Financial Services, etc. TATA Companies are involved in a variety of community development and environment preservation projects. The Group believes in Corporate Social Responsibility (CSR) with a mission to empower people by helping them develop the skills they need to succeed in a global economy, now consolidated and called TATA Strive. Their main aim is to give back the society. The group's CSR activities are rooted in the knowledge that businesses have a duty to enable all living beings to get a fair share of the planet's resources
Sales of Jaguar Land Rover (JLR), which contributes to two-thirds of Tata Motors' total revenue, helped the latter report its first annual profit in five years in fiscal 2023.
Tata Nexon is available in two versions: the traditional Internal Combustion Engine (ICE) and the electric (EV) range. At a starting price of INR 8.10 lakh for the ICE variant and INR 14.74 lakh for the EV variant (ex-showroom), the Nexon has become a noteworthy player in the Indian market.
The price increase is to offset the residual impact of the past input costs, and will be applicable across the entire range of commercial vehicles.
The agreement includes the licensing of JLR's EMA platform, covering various elements such as electrical architecture, electric drive unit, battery pack, and manufacturing expertise. Furthermore, an Engineering Services Agreement (ESA) will be established to assist TPEM in fulfilling the requirements for the first vehicle in the 'Avinya' series.
Tata Motors made an announcement on Monday, revealing that they have successfully obtained an arbitral award totaling INR 766 crore. This award serves as compensation for their investments in the now-defunct Singur plant, which was originally designated for the production of Tata Nano cars.
Tata Technologies Ltd (TTL), a distinguished subsidiary of TML, specializes in providing cutting-edge engineering services, primarily focusing on product development and digital solutions for a global clientele of Original Equipment Manufacturers (OEMs).
The companies would discuss ways to enhance CJ Darcl’s fleet and make its operations greener and more efficient with comprehensive annual maintenance contracts, a dedicated service team, and streamlined after-sales processes. With Tata Motors' advanced trucks and expertise in fleet management through value-additions, telematics systems, and service networks, CJ Darcl aims to set new benchmarks in the Indian logistics industry.
The company’s total sales in August 2023 were at 78,010 units. Total Electric Vehicle sales stood at 6,236 units in August 2023, compared to 4,026 units in August 2022, a growth of 55%.
Hemant Soren announced that Hydrogen Internal Combustion Engine, Fuel-agnostic Engine will be developed in Jamshedpur, East Singhbhum by M/s TCPL Green Energy Solutions Private Limited (TGESPL), a joint venture of M/s Tata Motors Limited and M/s Cummins Inc., USA.
Total PV sales were 8% up YoY to 1,40,450 units, and CV Sales fell 15% YoY to 85,795 units in FY 24, the company said.
The definitive agreement to manufacture a range of low- to zero-emissions technology products in India over the next few years was signed by Jennifer Rumsey, President and Chief Executive Officer, Cummins Inc., and Girish Wagh, Executive Director, Tata Motors, at Cummins Inc. headquarters in Columbus, Indiana, USA. Senior officials and dignitaries from Cummins, the company’s India leadership team and Tata Motors were present during the signing of the agreement.
As a part of Real time Driving Emission (RDE) Phase II of BS VI norms, Original Equipment Manufacturers (OEMs) are required to mandate their vehicles with an onboard self-diagnostic device (OBD device) which will be monitoring emissions in real time.
The company also showcased see-through bonnet technology. This system uses cameras situated around the cars to show visuals under the car. if the driver doesn’t react in time the automatic emergency braking can slow down the vehicle or can even bring the vehicle to a complete stop.
Starting on February 25, Nexon EV will traverse 4000 km in 4 days in a non-stop drive (stops to be made only for charging the vehicle), to create the record for the fastest K2K drive by an EV.
Amba will be taking up his new position in JLR from 1st March 2023, as per ETAuto sources.
Tata refused to budge when Porsche requested permission to use the Safari moniker, despite Porsche's best efforts. According to Thomas Krickelberg, project director for the 911 Dakar, the business had initially planned to utilize the Safari brand. However, the business found that it would conflict with an already-registered trademark—that of Tata Motors' Safari crossover.
With the existing capacities near saturation, this acquisition will unlock an additional state-of-the-art manufacturing capacity of 300,000 units a year which is scalable to 420,000 units annually, Tata Motors said.
Compared to the prior quarter, wholesale volumes were higher in North America (+17%), the UK (+13%) and Overseas (+10%) and lower in China (-13%) and Europe (-3%). Volumes in China were impacted by COVID, the company said.
Global wholesales of all passenger vehicles in Q1 FY23 were at 2,12,914 units, higher by 32% compared to Q1 FY22. Global wholesales of Jaguar Land Rover were 82,587 vehicles, the company said.
Amplus Solar provides electric vehicle fleets for cargo delivery to the nation’s top e-commerce, on-demand logistics and other companies on various subscription models, the company said.
Name | DIN | Designation | Date of joining | |
---|---|---|---|---|
Om Prakash Bhatt | Unlock to View | Unlock to View | Director | 09 May,2017 |
Chandrasekaran Natarajan | Unlock to View | Unlock to View | Director | 17 Jan,2017 |
Guenter Karl Butschek | Unlock to View | Unlock to View | Managing Director | 15 Feb,2016 |
Falguni Sanjay Nayar | Unlock to View | Unlock to View | Director | 29 May,2013 |
Satish Balkrishna Borwankar | Unlock to View | Unlock to View | Director | 21 Jun,2012 |
Satish Balkrishna Borwankar | Unlock to View | Unlock to View | Director | 21 Jun,2012 |
Ravindra Pisharody | Unlock to View | Unlock to View | Director | 21 Jun,2012 |
Ravindra Pisharody | Unlock to View | Unlock to View | Director | 21 Jun,2012 |
Ralf Dieter Speth | Unlock to View | Unlock to View | Director | 10 Nov,2010 |
Vinesh Kumar Jairath | Unlock to View | Unlock to View | Director | 31 Mar,2009 |
Nasser Mukhtar Munjee | Unlock to View | Unlock to View | Director | 27 Jun,2008 |
Raghunath Anant Mashelkar | Unlock to View | Unlock to View | Director | 28 Aug,2007 |
Nusli Neville Wadia | Unlock to View | Unlock to View | Director | 22 Dec,1998 |
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