The biennial Munich motor show will return on 5 September, and it’s shaping up to be one of the busiest and most important European automotive events in recent memory. Germany’s biggest brands are set to reveal their latest innovations in front of their home audience, and a raft of other big European names are primed to take… Continue reading 2023 Munich motor show: everything you need to know
Category: US Motoring Press
JLR invests £2.25 billion in Jaguar’s electric rebirth
Nick Collins, JLR’s vehicle programmes executive director, said the JEA too “was the copy of nothing” and no other EV architecture would “allow for such exuberant designs, proportions, refinement and performance”. Around 100 suppliers have already committed to the new Jaguar project, which isn’t just about creating new cars but also changing every part of the brand… Continue reading JLR invests £2.25 billion in Jaguar’s electric rebirth
JLR CEO: Tata batteries “fundamental” for UK automotive industry
Jaguar Land Rover (JLR) CEO Adrian Mardell has emphatically welcomed the news that parent company Tata will build an electric vehicle battery factory in the UK. Speaking at the firm’s latest financial briefing (where he announced drastic upticks in revenue and profit), Mardell suggested that long-awaited confirmation of a local battery supply would be pivotal… Continue reading JLR CEO: Tata batteries “fundamental” for UK automotive industry
Alfa Romeo doubles European sales in bumper six months
Alfa Romeo has posted dramatic sales increases in each of its core markets in the first half of 2023, hailing the uptick as a “consolidation of clear, steady growth”. While the Italian brand acknowledged that “2023 is proving to be complex and full of global variables that pose a challenge”, it boosted registrations significantly in… Continue reading Alfa Romeo doubles European sales in bumper six months
Bold new face and interior redesign for 2023 Kia Sorento
The Kia Sorento has been updated for 2023 with a bold new look to bring it into line with the similarly sized EV9 electric SUV. Pictures published by Kia on social media reveal a thoroughly restyled front end and a cleaner dashboard design as the headline changes, which arrive around three years after the Sorento was… Continue reading Bold new face and interior redesign for 2023 Kia Sorento
Ceat Q1FY24 PAT jumps over 15 times at Rs 144 crore
On a consolidated basis, the company’s revenue closed at Rs 2,935 crore, up 4.1% in Q1FY24, as compared to Rs 2,818.4 crore in the same period a year ago. During the quarter under review, the company’s EBITDA margin stood at 13.1%. Tyremaker Ceat has reported an over 15-fold jump in its consolidated profit after tax… Continue reading Ceat Q1FY24 PAT jumps over 15 times at Rs 144 crore
Tata Motors simplifies capital structure
The Board of Tata Motors has approved a Scheme of Arrangement for capital reduction of ‘A’ ordinary shares, which will result in a 4.2% reduction in the number of outstanding equity shares. Ordinary shares will be issued as a consideration for the reduction. The termination of the ADS (American Depository Shares) program from the NYSE, along… Continue reading Tata Motors simplifies capital structure
Maruti, Hyundai, Tata, Toyota: CNG strategies explained
Earlier in July, we reported that CNG sales dipped by 5 percent in the first six months of 2023, compared to the same period last year. While this dip in sales could be on account of supply constraints, manufacturers continue to bet on CNG power and expect strong demand going forward. Interestingly, the top three manufacturers in… Continue reading Maruti, Hyundai, Tata, Toyota: CNG strategies explained
Maruti, Hyundai, Tata, Toyota: CNG strategies explained
Earlier in July, we reported that CNG sales dipped by 5 percent in the first six months of 2023, compared to the same period last year. While this dip in sales could be on account of supply constraints, manufacturers continue to bet on CNG power and expect strong demand going forward. Interestingly, the top three manufacturers in… Continue reading Maruti, Hyundai, Tata, Toyota: CNG strategies explained
With multiple new launches lined up starting festive season, We will start batting now, says P B Balaji, Group CFO, Tata Motors
Tata Motors – the country’s third largest car maker will be investing close to a billion dollars in FY24 – its highest-ever annual investment to sustain the growth momentum in passenger vehicles and seize back lost share in a highly competitive commercial vehicle market. With the festive season around the corner, the company is getting… Continue reading With multiple new launches lined up starting festive season, We will start batting now, says P B Balaji, Group CFO, Tata Motors