Formula E Shanghai E-Prix Round 11 Highlights
/ Jun 02, 2025, 05:26PM IST
Relive the excitement of Round 11 at the 2025 Hankook Shanghai E-Prix as Mitch Evans showcases his driving skills in challenging wet conditions. Watch highlights from Formula E Season 11, featuring Evans' determined performance and Jaguar's pursuit of championship points.
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Hindustan Times
2 days ago
- Hindustan Times
Jaguar CEO PB Balaji Backs ‘Copy Nothing' rebrand amid mixed reception
Jaguar is betting big on reinvention — and PB Balaji is all in. The incoming Jaguar Land Rover (JLR) Indian /chief">chief, who takes over in November after serving as Tata Motors' CFO, is doubling down on the brand's controversial 'Copy Nothing" campaign despite criticism from industry voices and political figures alike. Unveiled in December 2024 with the launch of the concept car Type 00, the "Copy Nothing" makes a clean departure from Jaguar's heritage design direction and positioning. Bold campaign, divided opinions Unveiled in December 2024 with the launch of the concept car Type 00, the "Copy Nothing" makes a clean departure from Jaguar's heritage design direction and positioning. While fans celebrate it as a bold move toward exclusivity, critics argue that it risks forsaking the brand's loyalists. Also Read : PB Balaji to become first Indian to take wheel as Jaguar Land Rover CEO One of its harshest critics, former U.S. President Donald Trump, labelled Jaguar's new direction a 'total disaster." Balaji is unfazed. 'We have put our plans together, the cars are being revealed, they're getting exciting response from the customers on the ground. That's what the strategy is," he told reporters, urging comparisons with competitors rather than political rhetoric. A radical upmarket pivot Under the rebrand, Jaguar will transition entirely to electric vehicles and aim squarely at the ultra-luxury market. Managing Director Rawdon Glover had admitted the move could cost the brand up to 85 per cent of its existing customers, retaining only a small core as it targets Bentley-level clientele. Combustion engines are out, and price tags will start above $100,000 worldwide. In this segment, Glover argues, buyers care more about design and craftsmanship than what powers the wheels, stating that powertrain is about 13th on the list." Also Read : Jaguar Land Rover announces UK job cuts as global sales and tariffs bite The EV lineup ahead The first model under the new strategy — a sleek electric grand tourer — is due later this year. Two more EVs are expected to follow: a coupe and a large SUV to rival Bentley's first electric model, each launching roughly a year apart. All will sit on a dedicated EV platform, with no entry-level models in sight. For Balaji, the goal is clear: fewer cars, higher margins, and a sharper brand identity. The approach means Jaguar's 2018 sales peak of nearly 181,000 units is unlikely to be repeated — but in this new era, prestige outweighs volume. This positions 'Copy Nothing" as more than a marketing line — it's the litmus test for whether Jaguar can reinvent itself as an electric brand for the ultra-wealthy without losing its soul. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date:
Indian Express
4 days ago
- Indian Express
This Indian singer got inspired by Madhuri Dixit's husband Dr Nene, bought cars worth more than Rs 7 cr including a Lamborghini, Porsche
Every kid has always drawn a racecar, and every other kid has always wanted a Toyota Supra while growing up because of the Fast And Furious franchise. Some realise their dreams of owning their favourite cars, and Bollywood singer Stebin Ben is one of the lucky ones. Known for songs like 'Baarish Ban Jaana', 'Sahiba', and 'Thodha Thodha Pyaar', Ben has amassed over 10 million monthly listeners on Spotify and 640k subscribers. The numbers have certainly brought in a comfortable amount of money, since the singer has a garage with cars worth more than Rs 7 crore. Stebin recently appeared on an episode of History on Wheels by Mashable India, where he talked about his love for cars and how he slowly built his way up to buying his most expensive car to date. He said, 'I think for me it started as a kid, playing with scale models of cars and video games and just dreaming of owning those machines in real life. At the start of it, I just wanted to buy a Jaguar or a BMW car, and I stayed true to the promise I had made to myself, and I bought a 5 Series and a Jaguar XF right after that.' ALSO READ: 'AR Rahman loves clothes in strange colours,' Sukhwinder Singh opens up on his 'godfriend', why the composer makes his best music at 3am Talking about his current cars, the singer said, 'Right now I have an S-Class Maybach, a Lamborghini Urus, and a Porsche Boxster. I got all of them very recently. The Urus is for when I travel with my 'boys' and we all go for a drive. For me, the Porsche is a date night car. Honestly, the first time I saw a Lamborghini was a Gallardo, and then slowly I developed my liking for the car. In Mumbai, it's very difficult to drive two-seaters, and with this car you get the 'sports car' feel and the height, and it's obviously very comfortable.' He shared details about his first car and revealed what all he plans to buy in the future for his already impressive car collection. 'My first car was a Honda City ZX, which looked like a dolphin. I built my garage from there; the BMW came, then the Jaguar, and so on and so forth. But the next car I want is either the long wheelbase Phantom or the Ghost; that is on my radar now. I also want to have a Ferrari, either the 296 or the F8. Currently I am in the phase of learning and looking for new cars, and I saw your episode with Dr Nene, and it's so great to see someone being so passionate about their cars.' While some of the models and years are not clearly mentioned, Stebin's total garage value is more than 7.25 crore. According to CarDekho, the S-Class' current on-road price is Rs 1.9 cr, the Porsche Boxster is worth Rs 1.57 crore, and the Lamborghini Urus costs Rs 3.01 crore, making it the most expensive car he has ever bought. The Rolls Royce models that Stebin wishes to buy, the extended wheelbase version of the Phantom and the Ghost, are worth Rs 10.48 crore and Rs 10.19 crore.
Business Standard
5 days ago
- Business Standard
Tata Motors Q1 PAT tumbles 63% YoY to Rs 3,924 cr
Tata Motors reported a 62.7% decline in consolidated net profit to Rs 3,924 crore in Q1 FY26 compared with Rs 10,514 crore in Q1 FY25. Revenue from operations fell 2.5% YoY to Rs 1,03,792 crore in Q1 FY26, with performance impacted by volume decline in all businesses and a drop in profitability primarily at JLR. Profit before tax (PBT) tumbled 59.6% to Rs 5,561 crore in Q1 June 2025 compared with Rs 13,765 crore in Q1 June 2024. EBITDA stood at Rs 9,657 crore in Q1 FY26, registering de-growth of 35.75% compared with Rs 15,031 crore recorded in same quarter last year. EBITDA margin stood at 9.2% in Q1 FY26 as against 14% in Q1 FY25. With the demand situation likely to remain challenging, the company said that it will continue to focus on strengthening the business fundamentals and mitigate the impact of tariffs by leveraging the brand strength to drive a better mix, and targeted actions to improve contribution margins. PB Balaji, group chief financial officer, Tata Motors said: Despite stiff macro headwinds, the business delivered a profitable quarter, supported by strong fundamentals. As tariff clarity emerges and festive demand picks up, we are aiming to accelerate performance and rebuild momentum across the portfolio. Against the backdrop of the upcoming demerger in October 2025, our focus remains firmly on delivering a strong second-half performance. JLR revenues were down by 9.2% YoY to 6.6 billion in Q1 FY26 with EBIT margins at 4.0% (down 490 bps) affected by US trade tariff impact. Wholesale volumes & revenues in the quarter were impacted by the application of 27.5% US trade tariffs on UK- and EU-produced cars exported to the US, and the planned wind down of legacy Jaguar vehicles ahead of the launch of new Jaguar. The company said that US trade tariffs also had a direct and material impact on profitability and cash flow in the period. The US-UK trade deal will significantly reduce the financial impact of US tariffs going forward. On outlook front, the company said that it remains committed to executing its reimagine strategy and expect investment spend to remain at 18 billion over the five year period starting in 2024, funded by operating cash flows. Guidance for FY26 remains unchanged, with EBIT margin in the range of 5% to 7%, improving year-on-year for FY27 and FY28, and with FY26 free cash flow close to zero. Adrian Mardell, JLR chief executive officer, said: Thanks to our talented people and the robust foundations we have built at JLR, we delivered an 11th successive profitable quarter amid challenging global economic conditions. We are grateful to the UK and US Governments for delivering at speed the new UK-US trade deal, which will lessen the significant US tariff impact in subsequent quarters, as will, in due course, the EU-US trade deal announced on 27 July 2025. Looking ahead, we remain focused on delivering our transformational Reimagine Strategy, including investing 3.8 billion this financial year to support the development of our next-generation vehicles, including our stunning new electric Range Rover and Jaguar models. Revenue from commercial vehicles fell 4.7% YoY to Rs 17,000 crore. Domestic volumes were down by 9% while exports were up by 68%. Q1 FY26 began on subdued note for the commercial vehicle industry with muted performance in the HCV and SCVPU segments while buses, vans, and ILMCVs registered modest YoY growth, the company stated in regulatory filing. Looking ahead, the company forecasts for a healthy monsoon across the country, reduction in repo rate and renewing thrust on infrastructure development, it expect volumes to improve progressively in the coming quarters. It remains focused on driving demand pull strategy and deepening customer engagement to deliver greater value and tailored solutions that help its customers grow their business. The business will continue to focus on double digit EBITDA delivery, higher ROCE and improve Vahan market shares in all segments by focusing on customer value proposition. Girish Wagh, executive director Tata Motors, said: Q1 FY26 was a challenging quarter for the commercial vehicle industry, with subdued demand across key segments impacting overall performance. We also witnessed a decline in domestic sales volumes, reflecting broader market softness and delayed fleet replacement cycles, while segments like Buses and Vans showed resilience and our International Business delivered growth. Our commitment to product innovation and customer-centricity remained strong. The launch of the Ace Pro mini-truck in multiple powertrain options received encouraging initial market response, reaffirming our focus on delivering relevant and affordable mobility solutions. Despite adverse volumes, the business delivered 12.2% EBITDA and healthy ROCE of around 40%. The acquisition of IVECO Group is a strategic leap forward in our ambition to build a future-ready commercial vehicle ecosystem. By integrating the strengths of both organizations, we will be unlocking new avenues for operational excellence, product innovation and customer-centric solutions. Tata Passenger Vehicles reported 8.2% decline in revenue to Rs 10,900 crore in Q1 FY26. In Q1 FY26, wholesale volumes stood at 1,24,800 units (down 10.1%), on account of industry decline & transitions for new models of Altroz, Harrier & Safari, even as the company continued to ensure controlled channel inventory growth. On outlook front, TaMo said that it had witnessed tailwinds towards the end of Q1 Tiago and Altroz have seen 22% increase in bookings in June 25, while launch has been extremely well received. Curated variants of Harrier & Safari have been launched at competitive price points. July month recorded highest-ever monthly EV sales, a significant milestone in the zero-emission journey. Thus, while overall industry growth is expected to remain subdued, the company is well positioned to leverage its new launches including hatchbacks and SUVs, while continuing to build on the EV momentum. It added that focus remains on improve profitability through key levers like aftersales transformation, leveraging technology and structural cost reduction. Shailesh Chandra, managing director TMPV and TPEM said: Q1 FY26 was a subdued quarter for the passenger vehicle industry, with volume pressures persisting across most segments. Demand softness weighed on overall performance, although the electric vehicle category remained a bright spot, supported by new launches and growing customer interest. Our continued focus on customer engagement and portfolio renewal remained strong during the quarter. New launchesAltroz and encouraging initial market response, with their full impact expected to unfold in the coming months. Looking ahead, while the overall industry growth is expected to remain muted, we are confident that our recent and forthcoming series of launchesacross ICE and EVswill enable us to outperform the market and strengthen our position across key segments. Finance costs decreased by Rs 533 crore to Rs 938 crore in Q1 FY26, contributed by reduction in gross debt. For Q1 FY26, net profit from joint ventures and associates amounted to Rs 132 crore compared with Rs 129 crore in Q1 FY25. Other income (excluding grants) was Rs 729 crore in Q1 FY26 compared with Rs 768 crore in Q1 FY25. Tata Motors, part of the Tata Group, is a global automobile manufacturer of cars, utility vehicles, pickups, trucks, and buses. The counter declined 2.19% to end at Rs 633.30 on the BSE.
