Hoping to capitalize on the premiumization trend in the world’s third-largest passenger vehicle market, French tyre maker Michelin is betting big on India’s growing appetite for passenger vehicles, especially in midsize SUVs and vehicles with upsized wheels, with local domestic production of passenger car radial tyres. The company, which previously relied on imports to serve… Continue reading Michelin Sees India as Key Growth Market; Unveils Made-In-India PV Tyres
Tag: JLR
Tata Motors demerger effective from tomorrow. What is known so far on record date, listing timeline
After the completion of all formalities, the CV business will tentatively be listed in November as TMLCV, subject to the completion of all pending formalities. Following all regulatory approvals, the much-awaited demerger of Tata Motors‘ passenger vehicle (PV) and commercial vehicle (CV) businesses comes into effect from October 1. The JLR-maker has told analysts that… Continue reading Tata Motors demerger effective from tomorrow. What is known so far on record date, listing timeline
Demand for Cybersecurity, Functional Safety Certification on the Rise, says TÜV SÜD CEO Ishan Palit
Leading independent testing, validation and certification agency TÜV SÜD says it is registering a growing demand for cybersecurity and functional safety validation from the automotive sector in India, where the company has a major presence with a robust workforce of over 2,500 people. The company, which is headquartered in Munich, Germany, says adherence to standards… Continue reading Demand for Cybersecurity, Functional Safety Certification on the Rise, says TÜV SÜD CEO Ishan Palit
Moody’s Affirms Tata Motors Rating, Shifts Outlook to Negative Amid JLR Cyberattack
Moody’s Ratings has maintained Tata Motors Limited’s Ba1 corporate family rating while revising its outlook from positive to negative, citing significant operational disruptions at its luxury vehicle subsidiary Jaguar Land Rover following a cyberattack. The rating agency confirmed that a cyber incident at Jaguar Land Rover Automotive Plc (JLR) has severely disrupted operations for the… Continue reading Moody’s Affirms Tata Motors Rating, Shifts Outlook to Negative Amid JLR Cyberattack
Jaguar Land Rover secures £2bn emergency credit line after cyber attack
Premium Digital Complete coverage $75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. Global news & analysis Expert opinion FT App on Android & iOS FT Edit: Access on iOS and web FirstFT: the day’s biggest stories 20+ curated newsletters Follow… Continue reading Jaguar Land Rover secures £2bn emergency credit line after cyber attack
Jaguar Land Rover cyber-attack: what’s the latest news?
The extent of the hack has meant the company is having to rebuild in stages. Photograph: Neil Hall/EPA View image in fullscreen The extent of the hack has meant the company is having to rebuild in stages. Photograph: Neil Hall/EPA Explainer Jaguar Land Rover cyber-attack: what’s the latest news? How is the government helping the… Continue reading Jaguar Land Rover cyber-attack: what’s the latest news?
Jaguar Land Rover to restart some manufacturing after cyber-attack
The government has given a £1.5bn loan guarantee for JLR ‘to support its supply chain’. Photograph: Ben Stansall/AFP/Getty Images View image in fullscreen The government has given a £1.5bn loan guarantee for JLR ‘to support its supply chain’. Photograph: Ben Stansall/AFP/Getty Images Jaguar Land Rover to restart some manufacturing after cyber-attack Wolverhampton engine factory is… Continue reading Jaguar Land Rover to restart some manufacturing after cyber-attack
JLR prepares to build first cars since August “in coming days”
JLR is preparing to build its first cars in more than a month later this week, as it works to recover from a significant cyber attack that brought all its factories to a halt. The hack incapacitated the Land Rover maker, forcing it to shut down its internal computer systems in an effort to protect data from being stolen. This… Continue reading JLR prepares to build first cars since August “in coming days”
Join us for a live recording with Ian Callum in London
Tickets are now on sale for an unforgettable night with ex-Jaguar design director and founder of Callum Designs, Ian Callum CBE, at the Royal Automobile Club in London. He will be joined by managing director of Callum Designs, David Fairbairn, alongside our own Steve Cropley and Matt Prior for a special episode of My Week in… Continue reading Join us for a live recording with Ian Callum in London
UK government bails out Jaguar Land Rover with £1.5B loan after hack disrupts vehicle production for weeks
The U.K. government has confirmed it will guarantee a commercial bank loan of £1.5 billion ($2bn) for carmaking giant Jaguar Land Rover after a hack forced the company to shut down its carmaking production lines and left downstream suppliers at risk of bankruptcy. In a statement on Sunday, U.K. ministers said that the government-backed loan… Continue reading UK government bails out Jaguar Land Rover with £1.5B loan after hack disrupts vehicle production for weeks