As per commercial vehicles dealers discounts have surpassed more than 20 percent of the value of the vehicle which translates to as much as Rs 5 lakh per truck if bought in bulk.
Powered by a 2.0 litre, 4 cylinder turbocharged Ingenium diesel engine the 2018 model year F-Pace is now priced at Rs 60.02 lakh (ex-showroom). Its price when first launched in India last year in October was Rs 68.4 lakh.
Three of the top five automakers - Maruti Suzuki, Tata Motors and Mahindra & Mahindra – have signaled that price revision could be on the cards if commodity costs do not ease out before end of this quarter.
The 2018 Model Year F-PACE is the sixth model from Jaguar Land Rover product portfolio to be locally manufactured at the company's plant in Pune, Jaguar Land Rover India said in a statement. Bookings are now open and deliveries will begin from November-end 2017, it added.
Two of India’s most noted bike makers made a product splash at the world’s biggest bike show in Italy.
September quarter results surpassed estimates as margins surprised positively for Jaguar Land Rover and India.
Global sales of commercial vehicles and Tata Daewoo range stood at 37,400 units during the month, up 1.3 per cent compared to same period last year, Tata Motors said in a statement.
There has been lot of comfort on the margin side on back of cost saving initiatives both on JLR and standalone business by the company, said Hitesh Goel of Kotak Institutional Equities.
The EESL order for 10,000 electric sedans is the single-largest in the world and Tata Motors, which has no e- car product so far, will have to begin delivery of the first batch of 500 cars by November 30.
Jaguar Land Rover's operating profit margin for the quarter stood at 11.8 percent, higher by 150 basis points year-on-year and 390 basis points QoQ. It was also much higher compared with CNBC-TV18 poll estimates of 10.7 percent.
Jaguar Land Rover is expected to report a 22 percent decline in profit at 191.25 million pound for the quarter, year-on-year as margin may remain under pressure.
Jaguar retail sales were down 14.3 percent at 12,336 vehicles in October compared to October 2016, primarily reflecting lower sales of the Jaguar XE.
Subros is in focus on the back of a good Q2. In an interview to CNBC-TV18, PK Duggal, VP-Corporate Planning & Marketing of the company spoke about the results and his outlook going ahead.
The AMT version of the Tigor will be available in two variants - XZA and XTA - with 1.2 litre petrol engine, priced at Rs 5.75 lakh and Rs 6.22 lakh (ex-showroom Delhi) respectively, Tata Motors said in a statement.
The luxury car maker's US sales declined 4.4 percent year-on-year to 8,368 units in October, dented by degrowth in both brands.
We continue to maintain our positive stance and expect the index to head towards the target of 10,600 level in the coming month as it is the measuring implication of the Bullish Double Bottom pattern formed during the last three-month consolidation.
The company had sold 46,500 units in the same month last year, Tata Motors said in a statement. Its domestic sales of commercial vehicles last month stood at 32,411 units as against 30,189 in October 2016, up 7 per cent.
Only 2 percent of its workforce took the VRS as there was no suitable role for them under the new structure
Tata Motors-owned Jaguar Land Rover has had a dream run in the first nine months of the year growing at a whopping 45 percent. On Saturday, Land Rover launched the all-new Discovery at a price that’s substantially cheaper than the outgoing model.
First introduced to public during the 87th Geneva International Motor Show, Racemo is designed at the Tata Motors Design Studio in Turin, Italy
Tata Motors is eyeing 12 new models in commercial vehicle (CV) and passenger vehicle segments over the next three years, reports CNBC-TV18. The company plans to launch six new cars over the next three years. These cars have been codenamed X-451, X-422, X-445, X-434, X-441 and X-442. Cars part of the pipeline include entry-level small car, mid-sized sedan and compact SUVs.
Net Sales are expected to increase by 4.8 percent Y-o-Y (up 18.1 percent Q-o-Q) to Rs. 69072.2 crore, according to Edelweiss.
Motilal Oswal is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 562 in its research report dated October 10, 2017.
M&M coupled with Tata Motors are the only two companies selected by state-owned Energy Efficiency Services Ltd (EESL) to supply 500 electric cars in the first phase. The orders for supply of nearly 9,500 electric cars in the second phase will be issued after the completion of deliveries of the 500 EVs in the first phase.
The auto makers' global sales of commercial vehicles and Tata Daewoo range stood at 41,503 during the month, up 20 per cent compared to same period last year, Tata Motors said in a statement.