JLR plans to slash 5,000 jobs next year to cut cost
Jaguar Land Rover could cut up to 5,000 jobs as part of a 2.5-billion overhaul programme, which critics of the UK government attributed to uncertain17-12-2018
17-12-2018
TATA MOTORS LTD. - 500570 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Schedule of Analyst / Institutional Investors Meetings from December 17, 2018 to December 21, 2018 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the schedule of meetings with the Analyst / Institutional Investor from December 17, 2018 to December 21, 201817-12-2018
Job cuts at Tata Motors: Is bad news for workers good news for shareholders?
Tata Motors (which is in ten stock screeners today) is rising in share price on media reports that the firm will cut "thousands of jobs" at its JLR plants as part of a three year cost cutting measure. Tata Motors had in October already stated plans to deliver cost and cash flow improvements of 2.5 billion pounds ($3.15 billion) within 18 months. The rise in share price reflects part of a global trend - if job cuts are announced by companies with strong balance sheets, share prices tend to jump. Investors seem to love layoffs in general, and often view these events as 'fat trimming' in the company. Tata Motors' revenues were slightly up in the September quarter compared to the same period last year, but net profits were down. The company's operating profit margin percentage had fallen from double digits in the June and September quarter. So it's not surprising that investors would greet the news of layoffs positively. However, it may not be undiluted good news for investors. Jaguar and Land Rover are struggling because of broader dynamics, including trouble with Brexit negotiations between Britain and the EU. The EU market is looking increasingly shaky for JLR, as auto supply chains are threatened and EU car buyers shift to other brands amid uncertainty of JLR's future in EU markets. So the company's resilience will be tested significantly in the coming months, as the deal and its negotiations move through the governments. Even if Britain were to reach a deal, the details are far from being hashed out. Tata Motors representatives have so far refused to either confirm or deny rumors, suggesting that the FT report that set the conversation off may have some truth to it.17-12-2018
Ahead of Harrier launch, Tata Motors to hike car prices by up to 40,000 from 1 January 2019
The car price hike of up to 40,000 (depending on the model and city) will be applicable to all Tata cars and will come into effect on 1 January 201914-12-2018
Tata Motors hikes PV prices by up to Rs 40,000 from Jan 1
Company cites market conditions and input costs as reason13-12-2018
Tata Motors group global sales dip 7 per cent in November
Global wholesales of all passenger vehicles in November were at 66,429 units.10-12-2018
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release - Tata Motors Group global wholesales at 1,04,964 in November 2018 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a Press Release issued by the Company on the above subject, the content of which is self-explanatory.10-12-2018
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the schedule of meetings with the Analyst / Institutional Investor from December 10, 2018 to December 14, 201807-12-2018
Jaguar Land Rover sales fall 8% to 48,160 units in November
Sales in China were 50.7 per cent lower than a year ago as market conditions remain difficult with continuing consumer uncertainty following tariff changes and trade concerns, the company said.07-12-2018
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Re: Press Release - Jaguar Land Rover November 2018 Sales Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a Press Release issued by Jaguar Land Rover (UK), our wholly owned subsidiary, on the cited subject, content of which is self-explanatory.07-12-2018