Tata Motors Reports Widening Losses in Q2
Tata Motors reported a widening of its losses in Q2 to INR 44bn ($590mn) vs. a loss of INR 3bn ($40mn) during the same period last year. Its revenues rose 14.7% to INR 613bn ($8.2bn) with JLR revenues falling 11% YoY to £3.9bn ($5.3bn) while its Indian unit Tata...
Tata Steel Upgraded to IG; Tata Motors and JLR also Upgraded
Tata Steel, Tata Motors and JLR were upgraded by S&P. With the upgrade, Tata Steel and its 100%-owned subsidiary ABJA Investment have now moved to investment-grade (IG), making it a rising star. S&P upgraded the steel major to BBB- from BB. Tata Motors and its...
Tata Motors Gets $1bn from TPG & ADQ to Grow EV Business
Indian carmaker Tata Motors announced a $1bn capital raise from private equity firm TPG and Abu Dhabi state holding company ADQ to grow the company’s electric vehicle (EV) business. As part of the deal, the Jaguar Land Rover parent will set up a separate...
