Workers are seen on the production line at Nissan’s car plant in Sunderland, Britain. [Photo/Agencies] LONDON – British annual car production has dropped to the lowest level since 1956, largely owing to global shortages of semiconductor chips, industry data showed Thursday. Around 775,000 cars were built last year by the country’s mainly foreign-owned vehicle manufacturers,… Continue reading UK annual car output lowest since 1956: industry body
Tag: Tata
Global Air Powered Vehicle Market 2022 to 2027 – Featuring Airbus, Engineair, Lilium and Magnetic Air Car Among Others
DUBLIN, Jan. 26, 2023 /PRNewswire/ — The “Global Air Powered Vehicle Market (2022-2027) by Energy Mode, Vehicle Type, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering. The Global Air Powered Vehicle Market is estimated to be USD 354 Mn in 2022 and expected to… Continue reading Global Air Powered Vehicle Market 2022 to 2027 – Featuring Airbus, Engineair, Lilium and Magnetic Air Car Among Others
Europa Wire: Caura All-in-One Motoring App receives £4 Million Investment from Lloyds Banking Group to Simplify Car Ownership000456
Caura All-in-One Motoring App receives £4 Million Investment from Lloyds Banking Group to Simplify Car Ownership (IN BRIEF) Lloyds Banking Group has invested £4 million in Caura, an award-winning all-in-one motoring app designed to simplify car ownership for UK drivers. Caura, available on iOS and Android, provides a single, highly intuitive interface for all driving-related… Continue reading Europa Wire: Caura All-in-One Motoring App receives £4 Million Investment from Lloyds Banking Group to Simplify Car Ownership000456
Tata Motors’ target of achieving net zero automotive debt by FY24 on track: Group CFO
“We remain committed to that. We do see a stretch with respect to JLR given that it has lost about six to eight months because of the semiconductor issue,” Balaji said while addressing a quarterly earnings conference call. Tata Motors‘ target of achieving net zero automotive debt by FY24 is on track for the domestic… Continue reading Tata Motors’ target of achieving net zero automotive debt by FY24 on track: Group CFO
Rajasthan to have 13 new industrial areas along Mehsana-Bathinda gas pipeline route
Rajasthan is the second-largest natural gas producing state in India. Rajasthan State Industrial Development and Investment Corporation (RIICO) will develop about 13 new industrial areas along the Mehsana-Bathinda gas pipeline route to give a push to the industrial infrastructure in the state, an official said. These areas will be the hub of furnace-based industries, which… Continue reading Rajasthan to have 13 new industrial areas along Mehsana-Bathinda gas pipeline route
Tata Motors posts first quarterly profit in two years in Q3 FY23 on demand surge
Analysts on average had expected a loss of INR 185.6 million, according to Refinitiv IBES data. New Delhi: Tata Motors on Wednesday, reported its first quarterly profit in two years on rising demand for passenger cars as well as medium and heavy commercial vehicles. The parent of Jaguar Land Rover reported a consolidated net profit… Continue reading Tata Motors posts first quarterly profit in two years in Q3 FY23 on demand surge
Tata Motors returns to profitability with a net profit of Rs 2,958 cr in Q3FY23
After seven quarters of losses, Mumbai-based Tata Motors declared a consolidated net profit of Rs 2,958 crore for the quarter ended December on Wednesday, compared to a loss of Rs 1,516 crore the previous year, owing to strong demand amid global uncertainties. Revenue from operations climbed 22.5% YoY to Rs 88,489 crore.. EBITDA rose 52.9… Continue reading Tata Motors returns to profitability with a net profit of Rs 2,958 cr in Q3FY23
Tata Motors swings to profit but warns ‘scorching’ growth will cool
BENGALURU — Passenger car sales in India could moderate after last year’s “scorching growth,” a top Tata Motors executive said on Wednesday as the automaker reported a profit for the first time in two years. “In passenger vehicles, the worry would be whether there is a market slowdown happening,” P.B. Balaji, group chief financial officer, told… Continue reading Tata Motors swings to profit but warns ‘scorching’ growth will cool
Bold Jaguar luxury electric car plans on track: first look expected in 2023
Jaguar will give the first preview of its new, all-electric future later this year, the firm’s acting CEO has revealed, ahead of the brand’s EV rebirth starting in 2025. Speaking as Jaguar Land Rover announced improved results in the third quarter of its 2022-23 financial year, Adrian Mardell said that the process of reinventing Jaguar… Continue reading Bold Jaguar luxury electric car plans on track: first look expected in 2023
Jaguar Land Rover posts first profitable quarter since 2020
Jaguar Land Rover has posted its first profitable quarter since 2020 on the back of rising sales of its Range Rover line-up, especially in the US. The Tata-owned company said it earned £265 million in profits before tax in the quarter ending 31 December, up from a loss of £52 million in the same period… Continue reading Jaguar Land Rover posts first profitable quarter since 2020