For Jaguar Land Rover China is its top market followed by North America and the UK
09 November, 2017, 19:10
Tata Motors' income from operations for the quarter rose about 9% to Rs70,156 crore.
Net profit for the quarter ended September came in at Rs2,483 crore ($382.10 million), versus Rs828 crore a year ago.
This hurtled past analysts' expectations of 15 billion rupees, according to Thomson Reuters data. Interestingly, Tata Motors has managed to halve its losses at its local unit to Rs 296 crore in the second quarter of fiscal 2018 from Rs 631 crore a year ago.
This helped the company book an operating margin of 11.8 per cent and Ebit margin of 5.2 per cent in the quarter.
JLR helped owner Tata Motors race to a near three-fold rise in profit for the quarter to 30 September.
Jaguar Land Rover (JLR), which has been driving Tata Motors' profits for several years, expects sales in the UK and United States to soften because of competition but is confident of growth in China, JLR CEO Ralf Speth told reporters in Mumbai.
The sales (including exports) of commercial and passenger vehicles stood at 152,979 units in Q2FY18, a growth of 13.8%, as compared to Q2FY17, with an impressive growth across segments - 28% in MHCV, 35% in ILCV, 38% in SCV and pick-ups. With the company's turnaround plan in full action, it is seeing encouraging results and it will continue to drive sustainable profitable growth to meet its future aspirations, Butschek said.
Retail sales of its Jaguar saloons and Land Rover sport-utility vehicles were up 5 percent on the same quarter previous year, as an increase in sales in China helped offset lower United Kingdom sales. Tata Nexon, the newly launched compact SUV has received overwhelming response from the market and added to the positive excitement.
As part of the company's ongoing product offensive, manufacturing expansion and new technology programme, Jaguar Land Rover's investment spending was more than £1 billion in the second quarter.
JLR, the largest auto maker in Britain, invested over 1 billion pound in the quarter and for the full year it is expected to exceed 4 billion pounds.
Speth concluded: "Our product portfolio continues to excite and surprise".
The firm said strong customer demand for Range Rover Velar and other new models led to higher sales and higher profitability.
Domestic revenue (net of excise) rose 30% to ₹13,400 crore.
AT&T's tie-up with Time Warner would give the telecom giant large control over a massive media ecosystem. A lot of different options are on the table for how to proceed, Justice Department officials said .
The researchers found that the energy flux from the mantle plume would not be more than 150 milliwatts per square meter. Mantle plumes are areas of hot, upwelling mantle and are thought to be the cause of volcanic centers known as hotspots.
Florida State now has the longest active, consecutive bowl appearance streak in college football, at 35 straight years. That has fueled a 6-0 run for the UNDER in totals betting, but the Hurricanes remain a middling 4-4 ATS this season.
The Volvo's rating was helped with by a number of driver-assistance features that give the auto the performance of a larger model. Seven of the cars were compact or mid-sized SUVs, though for Euro NCAP's purposes some were classed differently.
The Broadchurch alum is succeeding Peter Capaldi , who will make his final appearance as Twelve in the upcoming Christmas special. Jodie looks fresh faced, with her cropped blonde locks fluttering slightly in the breeze.
China has tested and will start to produce its own commercial aircraft, which has been viewed as a challenge to Boeing Co. China Aviation Supplies has also played a prominent role in deals announced during previous government exchanges.
Aguero is part of the Argentina squad which will play friendlies against Russian Federation and Nigeria over the worldwide break.
Indianapolis Colts release cornerback Vontae Davis
Coach Chuck Pagano repeated several times after the game that leaving Davis behind was a coach's decision. He didn't even address the topic Wednesday before Davis was available to reporters in the locker room.
Trump, Xi to jointly fight terrorism in South Asia: China
US President Donald Trump is spending almost two weeks in Asia, visiting Japan, South Korea, China, Vietnam, and the Philippines. Trump and Xi did not take questions during an event during Trump's visit to the country, The Associated Press reported .
Some fidget spinners found to contain lead
Awful timing for Target just before the holiday season, as it faces a major problem with its hugely popular fidget spinner supply. The US Public Interest Research Group revealed that some of the spinners sold at Target contain high levels of lead.
China rolls out the red carpet to Trumps
Security Council resolutions aimed at depriving the North's government of revenue for its nuclear and ballistic missile programs. Mr Xi focused instead on China's economic progress and made a promise to be more open and transparent.
Panera Bread Founder Ron Shaich to Step Down as CEO
Au Bon Pain has shops in transportation terminals and hospitals that a traditional Panera restaurant would not fit into. Panera's founder and CEO is stepping down at the end of the year, after 36 years of leadership at the chain .
Hasina-Modi flag off Khulna-Kolkata train
The two countries already have a cross-border train service named Maitree Express, connecting Dhaka and Kolkata. The "Bandhan Express" train between Khulna and Kolkata would cover a distance of 177km in four and half hours.