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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.

2021 Jaguar E-Pace spied on the Nurburgring hiding its styling changes

We just spied a Jaguar E-Pace lapping the Nurburgring covered in camouflage from front to back. Jaguar released the first E-Pace as a 2018 model year, so we’re fast approaching what will be the modelÂ’s first light refresh. Things donÂ’t appear to be drastically changing from an exterior design perspective. The same shapes, cutouts and vents are all visible on the rear fascia and hatch. Even the slick taillights look largely the same as the E-Pace thatÂ’s on sale now. If thereÂ’s going to be some change in this crossover, we suspect itÂ’ll be up front where the coverings change from skin-tight camo print to pieces of fabric that completely disguise whatÂ’s underneath. Two cutouts in the fabric are visible on the side air intakes, presumably allowing air to pass through to keep the E-PaceÂ’s vitals cool on the Nurburgring. Possible changes include a new grille and front bumper design, most likely mimicking the lightly massaged F-Pace front end design. Seeing that Jaguar spent most of its time upgrading the F-PaceÂ’s interior, thereÂ’s a good chance Jaguar is doing the same with the E-Pace. ItÂ’s definitely the area that requires the most attention, especially now that the F-PaceÂ’s interior is so handsome. WeÂ’d love to see Jaguar put as much tech and style into its small crossover, and this is its chance to do that. Powertrain options shouldnÂ’t depart much from what you can buy now. ThereÂ’s a P250 packing a 2.0-liter turbocharged four-cylinder thatÂ’s good for 246 horsepower. The upgrade is the P300 with a more potent four-cylinder, raising output to 296 horsepower. Seeing as the recently redesigned Evoque still has no engine more powerful than the E-Pace, the Jag will likely carry over these power units, as well. If anything, the E-Pace will gain a mild-hybrid powertrain option, which could be what Jaguar is stress testing on the Nurburgring right here. Jaguar still hasnÂ’t announced the 2021 E-Pace, so this model could be the refresh. If theyÂ’re not as far along as we guess, itÂ’ll certainly end up being the 2022 E-Pace. Either way, an improved E-Pace isnÂ’t that far out.

Lister teases 675-hp, 200-mph Stealth SUV

In the middle of 2018, Lister unveiled what was then called the LFP, intended to be the world's fastest SUV. The initials stood for Lister F-Pace and the dark green hulking beauty was based on, surprise, the Jaguar F-Pace SVR. Except where the F-Pace SVR used a supercharged 5.0-liter V8 producing 550-horsepower to claim a 176-mile-per-hour top speed, the LFP would wring that engine out to 675 horsepower in order to hit 200 miles per hour. Since that time, Lister's rolled out other models such as the F-Type convertible-based LFT-C 666 and Knobbly roadster continuation cars. At last, the LFP is ready for primetime, and it brings the new name of Lister Stealth with it. According to CEO Lawrence Whittaker, all the firm is waiting on is for the UK's lockdown to end, then the high-rise double-ton party can start. For now, we have a teaser video with a few quick visuals of the dangerously aggressive bodywork and a microphone-melting clip of someone dancing on the throttle. Save for the audio distortion, it looks and sounds superb. The ingredients of the transformation from F-Pace SVR to Stealth remain secret. As Pistonheads pointed out, the 675-hp Lister Thunder, based on the F-Type SVR hardtop, installed a new supercharger pulley, air filter and intercooler, a freer exhaust, and a remapped ECU to unlock 100 more horses. It's reasonable to expect the same template as a starting point for the Stealth. If the crossover can hit its 3.5-second mark from zero to 62-miles per hour, it will beat everything we can think of that isn't a Tesla, and the Stealth will top all comers if it nails the promoted top speed. Whittaker said production stops at 250 units, with orders having already come in. The price starts at "around GBP140,000," equal to about $175,000 greenbacks. Tiff Needell, who raced Lister cars in the 1990s, has been lined up for video presentation work once the proper launch takes place. If we're lucky, Needell will be the one to show and tell us what the Stealth can do, occasionally sideways, with lots of smoke. Related Video: