- Tata Motors
- Jaguar
- Land Rover
- PB Balaji
- Shailesh Chandra
- Girish Wagh
- Adrian Mardell
Tata Motors Reports INR 33.43 Billion Net Profit For Q2 FY2025
- by MT Bureau
- November 08, 2024
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Tata Motors, one of the leading passenger and commercial vehicles manufacturer, has announced its financial results for Q2 FY2025.
The company reported consolidated revenue of INR 1,015 billion, down 3.5 percent YoY; EBITDA at 1,160 billion, down 230 bps and net profit at INR 33.43 billion, down 11 percent YoY.
During the quarter, the passenger vehicle volumes were down 6.1 percent YoY at 130,500 units on the back of slow consumer demand and seasonal factors. The commercial vehicle sales came at 79,800 units, lower 19.6 percent YoY impacted by slowdown in infrastructure project execution, reduction in mining activity and an overall drop in fleet utilisation due to heavy rains.
On the other hand, Jaguar Land Rover delivered an eighth successive profitable quarter, despite temporary aluminium supply constraints.
Going forward, the company has maintained a cautious outlook for the near-term in domestic demand. However, the festive season and substantial investments in infrastructure should help bolster it. JLR wholesales are expected to improve sharply, as supply challenges ease. Overall, we expect an all-round improvement in performance in H2 FY25 and the business to become net debt free by this year.
PB Balaji, Group CFO, Tata Motors, said: “Growth in the quarter was impacted due to significant external challenges as highlighted earlier. Overall, the business fundamentals remain strong, and we remain focused on our agenda of driving growth, competitiveness and free cash flows. As the supply challenges ease and demand picks up, we are confident of steady improvement in our performance and delivering a strong H2.”
Shailesh Chandra, MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said: “The passenger vehicle industry in Q2 FY25 witnessed around 5 percent decline in registrations, resulting in continued build-up of channel inventory. Sales of EVs were additionally impacted by lapse of certain subsidies. We moderated our offtakes in Q2 to proactively keep our channel inventory under control. Q3 has started off with a resurgence in industry demand on the back of a robust festive season. Tata Motors recorded its highest ever monthly registrations of around 68.5k during October, which helped in bringing down the inventory to normal levels. Our multi-powertrain suite of Curvv, Nexon iCNG and Nexon.ev 45 has garnered strong consumer interest as we continue to ramp up deliveries in Q3.”
Girish Wagh, Executive Director, Tata Motors, said, “Q2 FY25 moderated the positive momentum seen by the commercial vehicles industry at the start of the fiscal, due to slowdown in infrastructure project execution, reduction in mining activity and an overall drop in fleet utilization due to heavy rains. Tata Motors Commercial Vehicles domestic sales at 79.8K units were 19.6 percent lower than Q2 FY24 sales. Our demand-pull strategy and vigilance on costs had the business deliver EBITDA margins of 11.2 percent in H1 FY25. Going forward, with the rains easing, increased infrastructure spending, and the arrival of the festive season boosting consumption, we anticipate demand to pick up.”
Adrian Mardell, Chief Executive Officer, JLR, said: “JLR has delivered a resilient performance in Q2, resulting in a 25 percent increase in first half profits year-on-year. Our teams responded brilliantly to the aluminium supply shortages we experienced in the quarter, so we could deliver as many orders as possible to clients. We continue to make good progress delivering our Reimagine strategy. We have invested GBP 250 million so far to prepare our Halewood UK plant for electric vehicle production and with strong global demand for our products, we are well positioned to deliver on our commitments again this financial year.”
- Tata Motors
- Tata Safari
- Tata Harrier
- Stealth Edition
- Vivek Srivatsa
- Tata Passenger Electric Mobility
Tata Motors Launches Harrier & Stealth Limited Edition At Prices Starting INR 2.5 Million
- by MT Bureau
- February 21, 2025
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Tata Motors, one of India’s leading passenger vehicle manufacturers, has launched the limited Stealth Edition for its Harrier and Safari SUVs.
Marking 27 years of the Tata Safari, the Stealth Edition will be limited to just 2,700 units for both the vehicles. They feature all Matte Black finish, R19 Black Alloy Wheels and a Stealth mascot. On the inside, the first- and second-row ventilated seats get Carbon-Noir Theme (2nd row only in Safari) and voice-assisted dual-zone automatic climate control system.
A 31.24 cm Harman Touchscreen Infotainment System, Arcade App Store for entertainment, Alexa Home 2 Car for remote connect, Inbuilt Map my India for navigation, a 26.03 cm Digital Instrument Cluster and JBL 10-speaker audio system with Harman AudioworX, Sliding Arm-rest and Sprinkler Nozzle are on the offer too.
They continue to be powered by the Kryotec 2.0-litre BS6 Phase 2 Turbocharged Engine, delivering 170PS through a 6-speed automatic transmission. The Stealth Edition features Level 2+ ADAS with 21 functionalities including Intelligent Speed Assist feature (first time in segment), 7 airbags and ESP with 17 safety functions.
The Harrier Stealth edition can be had with price starting INR 2.50 million (ex-showroom Delhi), while the Safari Stealth edition (6- and 7-seater) is priced at INR 2.57 million (ex-showroom Delhi).
Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility, said, “Tata Motors has long been at the forefront of the SUV segment in India, with innovation deeply embedded in its DNA. The Tata Safari, which introduced the concept of a lifestyle SUV to the Indian market, stands as a testament to this spirit of pioneering excellence. With 27 years of unbeatable legacy, the Tata Safari has continually evolved, and the launch of the Stealth Edition is a salute to the same. This special edition is a premium, exclusive release, with only 2,700 units of the enigmatic Stealth Matte Black finish being made available. The STEALTH Edition is more than just an SUV — it's a statement of prestige, adventure, and capability, elevating it to an aspirational collector’s car that will be coveted by enthusiasts and connoisseurs alike. Owning a Stealth Edition isn’t just about possessing an exceptional car; it's about securing a piece of automotive history that everyone will aspire to have in their garage.’’
- Kia India
- Kia Seltos
- Hardeep Singh Brar
Kia India Launches Updated MY2025 Seltos At INR 1.11 Million, Introduces Eight New Variants Too
- by MT Bureau
- February 21, 2025
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Kia India, a leading passenger vehicles manufacturer, has unveiled the refreshed 2025 Seltos SUV with prices starting INR 1.11 million (ex-showroom India).
The company has also introduced eight new variants across the Smartstream G1.5 and D1.5 CRDi VGT engine options. This means customers can now choose between 24 trims across different variants.
The HTE(O) variant, priced at INR 1.11 million, includes an 8-inch touchscreen with Bluetooth connectivity, a 6-speaker audio system and a steering wheel with audio controls. It also features a rearview mirror, a connected tail lamp similar to the HTK design, DRL/PSTN LED lamps, a rear combi LED and an auto-control headlamp for optimal lighting. All-door illuminated power windows further add convenience.
The HTK(O) variant, starting at INR 1.29 million, includes a panoramic sunroof, 16-inch alloy wheels, a roof rail and a rear wiper with washer & defogger. It also comes with cruise control, all-door illuminated power windows, a mood lamp with sound integration and a smart key with a motion sensor.
The HTK+(O) variant, priced at INR 1.43 million, comes with 17-inch alloy wheels and an EPB IVT with the Zbara Cover AT. It features MFR LED headlamps with a turn signal LED sequence, LED fog lamps, a black radiator grille, auto-fold ORVMs and a parcel tray. Other additions include a chrome belt line, an artificial leather knob, a mood lamp, and a smart key with a motion sensor.
Hardeep Singh Brar, Sr. VP and National Head, Sales and Marketing, Kia India, said, "Kia began its journey in India with the Seltos, which has played a key role in establishing the brand. The Seltos continues to be the largest contributor to our overall sales due to the value it delivers to customers. We are committed to continually updating the model to meet the evolving needs of today’s consumers. With the addition of new variants for the Smartstream G1.5 engine, we are offering even greater value. These new variants will further boast a strong demand”.
- Skoda Auto India
- Petr Janeba
- Ranveer Singh
- Skoda
- brand ambassador
- Skoda Kylaq
Skoda Auto India Onboards Actor Ranveer Singh As Its First Brand Superstar
- by MT Bureau
- February 20, 2025
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Skoda Auto India, a leading passenger vehicles manufacturer, aims to make smarter inroads in the country’s fast-growing passenger vehicles segment.
The company recently introduced the Skoda Kylaq, its first-ever sub-4-metre SUV, which is expected to bring incremental volumes for the Czech automaker in India. And now to further drive and popularise the company’s product offerings, it has signed its first-ever 'brand superstar' – popular Bollywood actor Ranveer Singh – in the country.
Petr Janeba, Brand Director, Skoda Auto India, said, “When the Kylaq was premiered, I promised that, ‘Picture abhi baaki hai’. As we celebrate 25 years in India, we have committed to driving into a new era here, which goes beyond launching world-class products. It revolves around revamping every aspect of the business, including the way we engage with our customers and fans. Around the world, and more so in India, cars and movies generate emotions that are unparalleled and bring people together. And so for the first time in our history in India, I am proud to announce Ranveer Singh as the first-ever ‘Brand Superstar’ for Skoda Auto India. Being a powerhouse of talent and energy, on and off-screen, Ranveer‘s persona strongly reflects our passion and ethos. This announcement comes at a time when we are celebrating 130 years of global excellence. There is a lot more this partnership is going to bring for our products, our network and our customers, as we look to strengthen our position as the most important market for Skoda outside Europe.”
Skoda Auto India has released the first poster featuring Ranveer Singh along with Petr Janeba and the Kylaq SUV. It also plans to launch a brand-centric film by end-March, which will provide an opportunity to fans and customers to meet Ranveer Singh and the management of Skoda Auto India later in the year.
“I am thrilled to be Skoda Auto India’s first-ever brand superstar. This collaboration reflects a shared commitment to excellence, and I look forward to contributing to the growth of Skoda Auto in India. Skoda Auto has a diverse and exciting product portfolio that caters to both automotive enthusiasts and a wider customer base in India’s growing market. With a strong legacy and an iconic range of products, the brand continues to set high standards in the automotive industry,” said Ranveer Singh.
Skoda Auto considers India its most important market outside Europe. It also plans to sell 100,000 cars annually by 2026. Furthermore, it aims to expand its sales and service touchpoints to 350 by end-2025 from the present 277.
Also read: Skoda Auto India Showcases Kylaq, Kodiaq, Superb and More at Bharat Mobility Global Expo 2025
- Yokohama India
- Higher Inch Tyres
- Geolandar X-CV (G057)
- Geolandar Tyres
- SUV Tyres
- Luxury Car Tyres
Yokohama India Starts Production Of 20-Inch Tyres At Haryana Facility
- by MT Bureau
- February 20, 2025
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Yokohama India has started manufacturing 20-inch tyres at its production facility in Bahadurgarh, Haryana. This action was taken in response to the increased demand for tyres with a wider tread, which was fuelled by the growing popularity of SUVs and the luxury market.
Following its recent decision to localise the manufacture of 19-inch tyres, Yokohama India has expanded, demonstrating its continued dedication to producing top-notch goods. High-performance tyres like the Geolandar X-CV (G057), made for luxury SUVs, are among the high-end tyre options in this category. With its sophisticated silica compounds, asymmetric tread pattern and two-ply sidewall, the X-CV offers improved grip, durability and a smooth driving experience. It may now be purchased through the vast countrywide network of more than 3,000 merchants operated by Yokohama India.
Gaurav Mahajan, Head of Marketing at Yokohama India, said, “With improving road infrastructure and advancement in vehicle geometry, passenger segment vehicles are now opting for larger-inch tyres. Higher inch tyres also offer better handling and safety as they could accommodate advance braking systems. By expanding our local production capabilities, we are future-proofing our offerings – now with the capability to manufacture up to 24-inch tyres – ensuring that we continue to serve the premium segment with cutting-edge, high-performance products.”
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