Tata Motors demerger: Moody's affirms Ba3 rating; positive outlook
The proposed structure would enable optimising synergies across Tata Motors’ passenger vehicles and EV businesses in India and JLR, says Moody’s.
The proposed structure would enable optimising synergies across Tata Motors’ passenger vehicles and EV businesses in India and JLR, says Moody’s.
The price hike comes weeks after India's largest commercial vehicle company hiked prices of its model range in October.
Measures to reduce costs and lower break-even volume at JLR boost bottom line.
It is not only about electric vehicles, it is about every new technology that can drive this change to deliver zero carbon emissions, says Tata Sons chairman.
Global wholesales for JLR rose 5.7% QoQ and 15% YoY to 79,591 units with a significant increase in New Range Rover and New Range Rover Sport production.