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Strong JLR sales in China boost Tata Motors' quarterly profit

BENGALURU, India — Tata Motors Ltd on Friday posted a 67.2% surge in quarterly profit. Sales at its luxury car unit, Jaguar Land Rover (JLR), improved in key market China as the country led a recovery in the global automobile industry from the pandemic. The Indian carmaker had logged losses for three straight quarters as the COVID-19 pandemic dented business in several of its key markets even as it was already dealing with uncertainties around Brexit, weak demand and rising costs. The Brexit trade deal agreed upon in December has avoided the risk of tariffs on automotive parts and finished vehicles, Tata Motors said, adding that JLR remains encouraged by the Brexit trade deal. JLR sales in China jumped 20.2% on-quarter and were 19.1% higher from the year-ago period. Retail sales at the unit, which accounts for most of the company's revenue, were up 13.1% from a quarter ago, but still 9% lower than pre-pandemic levels. The company said it had saved 400 million pounds ($548.96 million) during the December quarter at JLR under Project Charge, taking the total savings to 2.2 billion pounds so far. Tata Motors has set a full-year target of saving 2.5 billion pounds. Consolidated net profit came in at 29.06 billion rupees ($398.52 million) for the third quarter, compared with a profit of 17.38 billion rupees a year earlier. It had reported a loss of 3.14 billion rupees in the previous quarter. The festive season in mid-November, during which Indians typically make big-ticket purchases, also helped overall sales. "Due to a strong festive season and a clear preference for personal mobility, the PV business posted its highest sales in last 33 quarters," Tata Motors Chief Executive Officer and Managing Director Guenter Butschek said. Total revenue from operations rose 5.5% to 756.54 billion rupees.

2019 Jaguar F-Pace adds technology, gets to keep all its engines

Jaguar recently revealed a lightly refreshed XE sports sedan with a more modern interior and technology, but it also lost its V6 and diesel engine options. That led us to believe the same might happen to the updated 2019 Jaguar F-Pace, but instead, it gets a lighter update inside and both the diesel four-cylinder and supercharged V6 engines stick around for another model year. While styling stays the same, the technology updates for the 2019 F-Pace are welcome. All F-Paces get a bigger 10-inch infotainment display, and the system itself has updated graphics from the I-Pace electric car. Apple CarPlay and Android Auto are now available, too, but as an optional extra. The tech updates aren't just limited to infotainment, though. The blind-spot monitoring system will now apply a counter-steering force if it detects an object when the driver begins to merge. The optional adaptive cruise control now has an active steering feature that will keep the car centered in its lane on the highway. With the added technology updates comes higher prices. The base 25t four-cylinder F-Pace price goes up by $2,735 for a total of $45,825 with destination. The diesel-powered 20d jumps $2,475 for a total of $49,775. The 30t with the more powerful four-cylinder engine increases $2,475 to $51,275. The V6-equipped S has the smallest increase of $2,025 bringing its final base price to $62,825. The new SVR wasn't around last year, so it doesn't see an increase, but for reference it starts at $81,015 with destination.

Jaguar F-Pace prototype goes to work at the Nurburgring

Jaguar is hard at work again, testing its upcoming F-Pace crossover. And here's our latest look at the prototype testing at the Nurburgring. The tester spotted here appears the same as the one we recently saw undergoing cold-weather development, only this time it's wearing summer rubber on fullsize wheels instead of winter tires on smaller ones. It's also missing the old prototype's auxiliary lights, and a bit more camouflage covering the quarter panels. The fact that it was seen on the Nordschleife, however, bodes well for the F-Pace and speaks to its orientation: Jaguar's first crossover promises to be geared towards performance, a sort of on-road counterpart to the off-road prowess of the SUVs offered by its sister brand Land Rover. We're looking forward to seeing the finished product at the Frankfurt Motor Show in the fall, but in the meantime you can scope out the spy shots in the slideshow above.