Indian carmaker Tata Motors Tuesday reported a 17 percent fall in quarterly profits, as the pound depreciated against the rupee following Britain’s vote to leave the European Union. The company’s consolidated net profit for the three months ending March fell to 43.36 billion rupees ($668.72 million) from 52.11 billion rupees a year earlier, the Mumbai-based … Read more
Ghana’s self-acclaimed Dancehall King, Shatta Wale has shown off his latest addition of a new Range Rover to his fleet of cars. Shatta Wale took to his Facebook page to share the joy of his new acquisition with his fans and followers. The Range Rover with a 2017 customised number plate is the second Ranger … Read more
VW and Tata have agreed to form a strategic partnership to help both companies boost economy car sales in India and emerging markets. VW’s Skoda unit will lead the project to develop components and vehicles. VW is looking for new markets as it recovers from its diesel emissions scandal. Tata Motors, which is India’s largest … Read more
Carmaker Ford has said it is experimenting with technology to detect potholes and warn drivers of their locations. Cars equipped with cameras could constantly scan roads during journeys, with resulting data on potholes displayed on other drivers’ dashboards. The idea is being tested at the firm’s research centre in Aachen, Germany. One expert said altering … Read more
India’s largest carmaker Tata Motors Tuesday reported a 96 percent fall in quarterly profits, due to a cash ban which hit domestic business and weak sales at its luxury Jaguar Land Rover unit. Consolidated net profit for the three months ending December fell to 1.12 billion rupees ($16.73 million) from 29.53 billion rupees a year … Read more
Britain’s biggest carmaker Jaguar Land Rover (JLR) (TAMO. NS) sold a record 583,312 cars last year as the Indian-owned firm continues its rapid expansion with the aim of building 1 million vehicles a year at the turn of the decade. Sales were up 20 percent from the previous year, although sales growth slowed to 12 … Read more
Nov 15 Shares in Tata Motors, owner of British car maker Jaguar Land Rover, fell more than 5 percent in early trade on Tuesday after the company’s quarterly profit missed missed estimates. The results, out late on Monday, were released amid a tussle between Tata group holding company Tata Sons and its former chairman Cyrus … Read more
U. K. Prime Minister Theresa May is heading for India in the hope of drumming up new business for Brexit Britain. She arrives in New Delhi on Sunday on her first official visit outside Europe. India is a logical first choice for British officials eager to find new markets when the U.K. leaves the European … Read more