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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.

Lister Stealth debuts as a reworked Jaguar F-Pace SVR with 195-mph top speed

The Lister Jaguar F-Pace is here, and according to Lister, it’s “BritainÂ’s fastest and most powerful SUV.” Top speed is 195 mph. Bentley might like a word about this claim, as it considers the Bentayga Speed to be the fastest SUV in the world. However, the Bentley only tops out at 190 mph. ThereÂ’s the question of whether or not the Lister should count, too. At its core, the Lister Stealth (this vehicleÂ’s proper name) is a heavily reworked Jaguar F-Pace SVR.  None of the above will really matter unless you find yourself on the autobahn or an airstrip. Practically speaking, the StealthÂ’s 0-60 mph time of 3.6 seconds will be far more useful. ThatÂ’s a half second quicker than the F-Pace SVRÂ’s 4.1-second 0-60 mph time. It comes courtesy of Lister upping power from the 5.0-liter supercharged V8 to 666 horsepower and 650 pound-feet of torque. Lister gets more power and better cooling via upgraded dual supercharger pulleys, a custom-built intercooler and a new high performance air filtration system. It then applies a custom tune to the powertrain software to make it as smooth and easy to drive as the regular F-Pace SVR. Cooling is enhanced further via a new carbon fiber front bumper that has two massive air intakes for added airflow. In addition to the bumper, Lister fits a new front splitter and larger rear diffuser for better aerodynamics. Larger side skirts and wider wheel arches enhance the stance of the vehicle, while 23-inch wheels make it stand out even more. A custom stainless steel exhaust pokes out through the carbon fiber diffuser, and uprated brakes hide behind those big wheels. Lister gives folks a ton of customization options for the interior. You can choose between 36 different color choices of the fancy Bridge of Weir Nappa leather. There are up to 90 different stitching options available, too.  We have a feeling there wonÂ’t be a single one exactly like another, because Lister is only building 100 Stealths. Pricing starts at GBP109,950 and goes up from there. At todayÂ’s exchange rates, itÂ’s equal to about $145,000. ThatÂ’s $63,250 more than a base F-Pace SVR. But hey, maybe that extra 19 mph on the top end is worth it to you. Related video: Featured Gallery Lister Stealth View 17 Photos Aftermarket Jaguar Crossover SUV Luxury Performance

2024 Jaguar F-Type ZP Edition is the end of the line

The Jaguar F-Type is going to leave us after the 2024 model year wraps up, but it’s not saying goodbye without a final limited-edition model. Named the F-Type ZP Edition, Jaguar will make just 150 of these throughout the 2024 model year. Why “ZP” Edition? Jaguar says itÂ’s a callback to the first race-winning “Project ZP” E-Type vehicles that were campaigned directly after that modelÂ’s launch in 1961. There will be two specifications for potential owners to choose from. The first is Oulton Blue paint combined with a red and black interior, and the other option is Crystal Grey paint with a blue and black interior. Both models will have Porcelain White hand-painted racing-style roundels on the doors. WeÂ’ll also note that neither of the two available exterior paint options have been offered on the F-Type until now. Of course, the base car underneath all the appearance extras is an F-Type R with the 575-horsepower supercharged V8 engine. YouÂ’ll be able to choose either the coupe or convertible, and both body styles get unique 20-inch forged wheels with “ZP” etched into them shrouding black-painted calipers. YouÂ’ll also see ZP Edition branding on the fenders, sill plates and dashboard. Plus, each vehicle will get a “One of 150” SV Bespoke plaque on the interior. Pricing wasnÂ’t detailed by Jaguar, but if you want one, weÂ’d suggest getting in touch with a dealer sooner rather than later. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.