Jaguar is hoping to make inroads in a market where shift to e-vehicles is slow due to lack of charging infrastructure, high costs & reluctance by banks to finance purchases.
JLR is only driver of valuation. Future equity infusions are likely to be used for loss funding & so we don’t attribute any equity value to India business, CLSA says.
Tata Motors wrote down its investment in Jaguar Land Rover by $3.9 billion due to market challenges, especially in China, technology disruptions and rising debt costs.
From holding joint military exercises to exporting wheat as Russia and Ukraine stop supplies, New Delhi and Cairo are redrawing their relationship as geopolitical tensions rise.
What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.