Tata Motors-owned British brand Jaguar Land Rover has phased out its most-affordable sports utility vehicle (SUV) offering in India, the Freelander 2, a little over 30 months after launching it in the country.
Luxury British carmaker Jaguar Land Rover (JLR) will post a lower pre-tax profit in 2015 than in the previous fiscal year, said its CEO, due to major investments and a blast at China's Tianjin port that destroyed thousands of its cars.
Shares of Tata Motors have surged over 3% to Rs 409 on the BSE in an otherwise weak market after Tata Motors-owned Jaguar Land Rover launched a new 4.5 billion pounds cost-cutting plan to offset rising emissions cost and the slowdown in China.
Tata Motors-owned Jaguar Land Rover (JLR) has drafted a new £4.5-billion cost-cutting plan to offset rising emissions cost and the slowdown in China, one of the biggest automotive markets in the world.
Homegrown auto major Tata Motors today reported a consolidated net loss of Rs 427.79 crore due to poor domestic performance and JLR's weaker sales in China, foreign exchange revaluation and higher depreciation and amortisation expenses in the British arm.
Because of its size and profits, automotive major Tata Motors has considered itself a frontrunner in the contest to win India's biggest 'Make' category defence project - a Rs 50,000 crore contract to design and build a "future infantry combat
Auto stocks are in focus with most of the frontline stocks such as Tata Motors, Ashok Leyland, Bajaj Auto, Mahindra & Mahindra (M&M), Hero MotoCorp and Eicher Motors trading higher between 1-5% on the National Stock Exchange (NSE).
Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:BUY INDUSIND BANKLAST CLOSE: Rs 913.65Support at Rs 908 below Rs 903.50. Resistance is at Rs 919 above Rs 935.50. (Buy for intraday with a stoploss below Rs
Tata Motors, which had lost the tag of the country’s most valued automobile company to Maruti Suzuki in July this year, has added Rs 29,000 crore to its market capitalisation in the past 11 trading sessions.