Jaguar's Indian revival choked on China slump

The slowdown in JLR (Jaguar and Land Rover) most important market ie China has badly hit sales of JLR auto brands. Since Tata took over JLR from Ford in 2008, its journey has been good with it Range Rover Evoque becoming a runaway hit and accounting for major part of Tata Motors earning in 1st half of decade. Now the China’s slowdown has hit sales of JLR and also UK decision to vote to break away from EU has further impacted its sales. Quality problems have also been a major reason for JLR falling sales. As per a J.D. Power survey of 31 brands in June 2018, Jaguar and Land Rover is at the bottom two slots. Jaguar had 148 problems per 100 vehicles and Land Rover racked up a dizzying 160. Shipments have collapsed in China, plunging 35 % in the 9 months to Dec. 31. The company is eliminating 4,500 jobs, or about 10 % of its global workforce and plans to write down its JLR investment by $3.9 billion. Tata Motors, posted a record loss of 270 billion rupees ($3.8 billion) in the Dec quarter, the biggest for an Indian company and its share fell by 60%.

#autojobs4u #Jaguar #Indianrevival #Chinaslump #Automotiveupdates #Automobileindustry

Comments

LCV to benefit greatly from Indian middle class growth

Globally, LCVs account for 75% of commercial vehicles sales but in India, it is only 62%. Indian middle class which is growing at a healthy pace will bolster growth in the commercial vehicles space in India going forward and the biggest beneficiary will be the light commercial vehicles (LCV) segment The increase in urbanisation and consumption will lead to shifts in market segments and LCV will play a crucial role in last mile connectivity. Industry experts feel that there are 3 big challenges the industry needs to overcome to realise this sales potential which are lack of availability of finance due to liquidity crunch at NBFC, the upcoming BS-VI emission norms and a lack of drivers. With the introduction of BSVI, the cost hike will be much higher than the prediction of 5%-7%. The electric and autonomous vehicles are inevitable in future and the keys to growth will be reducing time taken to bring new models to the market, making vehicle platforms more flexible and dynamic, and st...

Microdots technology to make car almost theft proof

To counter car thefts, Indian govt has decided to adopt microdots technology which is widely used in several counties including South Africa and the US. The vehicles stolen go untraced since auto-lifters take out the engines & other valuable parts before destroying the vehicles. Microdots is a technology in which thousands of micro dots are sprayed over the body of vehicle. These small laser-etched dots contain nano-size (0.5 mm) particles that carry information like unique number and vehicle identification number. These dots can be seen by using UV light and since the dots are sprayed throughout the vehicle body, it becomes easy to trace the vehicle as even a small part of the dismantled car can be used to trace the stolen vehicle. The government plans to roll out the technology as an optional system initially and the price of this feature is likely to be around Rs 1,000. The car, truck or bus would require at least 10,000 microdots, while at least 5,000 such dots would be neede...

Tesla enters into agreement with Chinese lenders for Gigafactory

Tesla Inc has signed an agreement with lenders in China for a 12-month facility of up to 3.5 billion yuan ($521 million) for the electric carmaker's Gigafactory in Shanghai. The facility is expected to be completed by May and would cost around $2 billion to Tesla. With the on-going US-China trade war Tesla was forced to adjust prices of its US made cars in China and now with this agreement it would be able to reduce the trade war impact by producing cars locally. It would also help Tesla to fend off price competition from a swathe of Chinese EVs start-ups such as Nio Inc, Byton and XPeng Motors. To read more :automobile engineering jobs: automobile jobs in hyderabad #autojobs4u #Tesla #china #automobilejobs #automotiveupdates #automobileindustry

Search This Blog