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Tata Motors posts quarterly loss and warns of inflationary costs

BENGALURU — Jaguar Land Rover (JLR) owner Tata Motors reported a quarterly loss on Monday that was bigger than expected and warned of rising inflationary costs. Automakers worldwide have been roiled by chip shortages, supply chain disruptions, COVID-19 restrictions and rising raw material prices after a short-lived recovery towards the end of 2020. "Demand remains strong despite near term concerns ... the semiconductor supply situation is improving gradually whilst inflation worries persist," Tata Motors said in an exchange filing. The company expects chip shortages at JLR to continue through 2022 as suppliers gradually ramp up production, and is also engaging directly with chip manufacturers to secure supply longer-term supplies for the Range Rover maker, it said. Tata Motors' consolidated net loss came in at 15.16 billion rupees ($203.23 million) for the quarter ended Dec. 31, compared to a profit of 29.06 billion rupees a year earlier, when an easing of pandemic-related restrictions led to a pick-up in sales. However, the recovery was short-lived as acute semiconductor shortages and supply chain disruptions delayed production, and Tata Motors slipped back to losses. For the reported quarter, analysts had expected the Mumbai-based company to report a loss of 3.30 billion rupees, according to Refinitiv IBES data. Tata Motors' earnings before interest, taxes, depreciation, and amortization (EBITDA) margin, a key measure of profitability, was 10.2% for the quarter, above estimates of 9.3%. Total revenue from operations for the quarter fell 4.5% to 722.29 billion rupees, below estimates of 775.93 billion rupees. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Earnings/Financials Jaguar Land Rover

Jaguar E-Pace has an F-Type-inspired interior

Jaguar continues to test its new small crossover, tentatively dubbed E-Pace, and that means our spy photographers continue to capture it in the wild. This time, we got some photos of the interior. From what we can see, it follows in the footsteps of the the F-Type sports car, rather than Jaguar's sedans and larger F-Pace crossover. From the air vents down, the center stack gently slopes toward the shifter. It also has a large grab handle on the passenger side like that in the F-Type. This also makes the center stack feel more driver-centric. The shifter is also F-Type-inspired. While the Jaguar sedans and the F-Pace use a motorized dial that rises from the center console for shifting, the F-Type uses a conventional lever, as does this E-Pace. These interior design choices seem to indicate that Jaguar will market this E-Pace as being a sportier Jaguar than its existing lineup. Our spy photographer also caught this E-Pace prototype with the hatch up. This clearly shows that the E-Pace will have a radically raked rear window. Matched with the voluptuous rear fenders, the E-Pace should have a very aggressive look. As a side note, the open hatch also reveals that there are at least one or two members of the Jaguar team that like Budweiser. We still expect a reasonably long wait until the E-Pace makes its full debut, likely sometime next year at the earliest. We're also expecting the crossover to have a front-wheel-drive-based all-wheel-drive system like the Range Rover Evoque, and it may even use the Evoque platform. While not a bad platform or drive system, most any car enthusiast or journalist would agree that a rear-wheel drive platform would be more naturally sporty and in keeping with this car's interior and possible marketing. Related Video:

Jaguar Land Rover to cut $6.8 billion in costs

Jaguar Land Rover reduce costs by $6.8 billion and will push annual production volume to 1 million vehicles under a secret project called Leap 4.5, according to Reuters. The British automaker wants to achieve these ambitious goals by the end of the decade to compensate for the changing market in China and to counteract the price of meeting stricter emissions standards around the world. Leap 4.5 won't mean firing workers or cutting the automaker's $4.5 billion annual research budget. JLR will instead find savings by underpinning more models with modular platforms and by adjusting its supply chain. Future factories like the one in Brazil and the proposed plant in Slovakia also won't be affected by the new strategy. Globally, JLR continues to grow, and deliveries are up two percent through October 2015 to 390,965 vehicles. Business just last month was up 24 percent year-over-year to 41,553 units. However, the auto market's downturn in China has taken a bite out the automaker's success because volume dropped there 32 percent in the third quarter, Reuters reported. A global volume of 1 million vehicles will mean more than doubling 2014's 462,678 deliveries, but JLR has made significant investments to boost production recently. In addition to the future factories, it opened its first plant in China last year and an engine assembly site in the UK. The company also signed a deal with Magna Steyr in 2015 to build an upcoming model in Austria. Related Video: