Looking for exposure in emerging markets? Play it through the young consumers, who make up the vast majority of the emerging markets world.
*Mercedez-Benz says ban to impact future investment in India. According to an order passed on Wednesday, the registration of sport-utility vehicles and other diesel cars with an engine capacity of 2,000 cc or more is banned in Delhi and the surrounding region with immediate effect until March 31. Daimler AG's Mercedes-Benz, for whom the Delhi region...
LONDON, Nov 24- Luxury British carmaker Jaguar Land Rover will post a lower pre-tax profit in 2015 than in the previous fiscal year, its CEO told Reuters, due to major investments and a blast at China's Tianjin port that destroyed thousands of its cars. This led parent Tata Motors to post a surprise net loss for the period, due partly to a fall in sales in China.
*China, port explosion, weigh on Tata. NEW DELHI, Nov 6- India's Tata Motors Ltd posted a surprise 4.3 billion rupee net loss in the quarter to the end of September after sales in China fell and a port explosion damaged thousands of vehicles. Tata said on Friday that sales of its Jaguar Land Rover cars in China, which have long propped up profits, started rising again in...
NEW DELHI, Nov 6- India's Tata Motors Ltd on Friday reported a 4.3 billion rupee net loss in the July to September quarter, dragged down by weaker sales in China and a one-time loss related to vehicles damaged in a port explosion. Strong sales of its JLR cars, especially in China, have long propped up profits at Tata Motors, but the company has been struggling with...
LONDON, Oct 14- Jaguar Land Rover said on Wednesday its second-quarter results would be affected by a blast at the Chinese port of Tianjin in August which destroyed or damaged thousands of its cars at the site. Overall sales fell 1 percent compared with the same three months last year, as double-digit rises in Europe and North American failed to outweigh falls in...
NEW DELHI, Aug 21- Indian carmaker Tata Motors Ltd said on Friday' many' of the 5,800 Jaguar and Land Rover vehicles it had at Tianjin port in China were likely to have been damaged in the recent chemical explosion that killed more than a hundred people. The company said it has yet to determine the exact extent of the damage, joining other global carmakers such as...
There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.
Equity markets in Shanghai and Japan outperformed the region with marginal gains on Wednesday.
Piyush Jain, Equity Research Analyst at Morningstar Investment Advisor, discusses the impact of Delhi state elections and the government's upcoming budget on Indian markets.
Peter Harbison, Executive Chairman at CAPA - Center for Aviation, says Vistara's challenge will be getting cost-conscious Indians to pay more. The airline's restriction to domestic routes for now won't be helpful.
Some of Tuesday's midday movers:
Mohit Arora, Executive Director at J.D. Power and Associates, explains why Tata Motors is struggling in its domestic market and outlines a possible growth strategy for the Indian company.
Thousands of tiny shops in India's biggest auto components market do brisk business selling car parts for about a third of the official price.
The "Fast Money" traders share their final trades of the day.
Take a look at some of Wednesday's midday movers:
Jaguar Land Rover said no deaths or injuries have been reported related to the problem.
Most Asian bourses followed Wall Street higher on Tuesday, except Chinese and Indian shares which failed to track Asia-wide gains.
Shares of Tata Motors jumped 7.7 percent after strong sales of its luxury Jaguar and Land Rover vehicles helped triple the company's 1Q net profit.
Pramod Gubbi, VP of Institutional Equities at Ambit Capital, says strong sales growth in luxury brands like the Jaguar & Land Rover made up for the fall in Tata Motors' domestic franchises.