Latest news with #JaguarLandRover
Zawya
an hour ago
- Automotive
- Zawya
Mohamed Yousuf Naghi Motors and alfanar partner to deliver seamless home EV charging solutions across Saudi Arabia
Riyadh, Saudi Arabia – As the Kingdom accelerates its shift towards electrified mobility, Mohamed Yousuf Naghi Motors (MYNM), the official retailer of Jaguar Land Rover in Saudi Arabia, has taken a strategic step to support electric vehicle (EV) customers through a newly signed partnership with alfanar, one of the nation's prominent innovative energy solution providers. The agreement marks a pivotal milestone in MYNM's electrification journey, reflecting a shared ambition to drive sustainable mobility across the Kingdom. In an evolving market where quality, innovation, and national expertise are key to success, partnerships between legacy-driven family businesses hold a unique value. Both Mohamed Yousuf Naghi Motors and alfanar are proud Saudi family-owned enterprises, deeply rooted in the Kingdom's economic development. alfanar, in particular, stands out as a pioneering Saudi company in the electrical energy sector, designing, manufacturing, and delivering high-quality power solutions through a talented workforce of Saudi men and women. This shared foundation of trust, excellence, and national pride makes the collaboration a natural fit—uniting two leaders committed to shaping a brighter, more sustainable future for Saudi mobility. Under this collaboration, every new EV or Plug-in Hybrid Electric Vehicle (PHEV) purchased from Jaguar Land Rover, Mohamed Yousuf Naghi Motors will now come with a professionally installed alfaCharge 22 kW AC home charging solution by alfanar. The service includes installation, warranty, and after-sales support, offering customers a convenient, end-to-end home charging experience. The announcement follows six months of close technical collaboration between Mohamed Yousuf Naghi Motors and alfanar to ensure seamless integration between alfaCharge systems and Jaguar Land Rover's current and future electric models. Rigorous compatibility testing was conducted to deliver a reliable and consistent charging experience for customers, ensuring that every touchpoint, whether technical or service-related, reflects the high standards both brands are known for. Rhett Maxwell, Managing Director of Jaguar Land Rover Saudi Arabia at MYNM, expressed confidence in the long-term potential of the partnership: 'This collaboration is more than just a product offering; it's a commitment to shaping the future of sustainable mobility in Saudi Arabia. As the Jaguar Land Rover lineup transitions to an electrified future, we are ensuring that our customers are equipped with the right infrastructure from day one,' Maxwell said. 'By joining forces with alfanar, we are delivering a solution that is smart, convenient, and tailored to local market needs.' Abdulmuain Al Soufi, EV Product Line Manager at alfanar Electric, echoed the sentiment: 'We are proud to partner with MYNM and support JLR's clients as they embrace electric driving. alfaCharge is engineered to meet the highest international standards in performance, safety, and durability—ensuring that customers can charge at home with total peace of mind.' With every eligible EV purchase from Jaguar Land Rover, Mohamed Yousuf Naghi Motors, Clients will receive a comprehensive package of ownership benefits designed to streamline the transition to electric driving. This includes a complimentary alfaCharge Home Charger, engineered for fast, reliable, and smart charging, along with full 2-year warranty coverage on the charger. The installation process is managed end-to-end by certified alfanar technicians, including professional site surveying and in-home installation, ensuring a safe and tailored fit. Clients will also benefit from dedicated 24/7 after-sales support, provided jointly by Jaguar Land Rover, Mohamed Yousuf Naghi Motors, and alfanar's customer service teams. EV consultations offer guidance on charging routines, energy efficiency, and vehicle care, creating a truly personalised experience. The launch of this initiative arrives at a critical moment as demand for electric and hybrid models rises across the Kingdom. The partnership also aligns with Saudi Vision 2030's emphasis on clean energy and sustainable infrastructure, reinforcing MYNM's leadership in driving innovation and customer-centric solutions in the automotive sector. Looking ahead, the alfaCharge integration marks just the beginning of a broader strategy to support the upcoming electric vehicle lineup from Jaguar Land Rover. As the brand prepares to introduce its next-generation EVs, including Jaguar's next-generation EVs and Range Rover's upcoming electric flagship, MYNM's commitment to infrastructure readiness ensures that customers will be able to embrace electric mobility with total confidence. Through this partnership with alfanar, Mohamed Yousuf Naghi Motors is not only delivering on the promise of electrification but also redefining what premium electric vehicle (EV) ownership looks like in Saudi Arabia. For more information about Alfanar and its innovative energy solutions, please visit: Learn more about alfaCharge AC Smart and explore the whole Electric Vehicle Charging Solutions Catalogue. About Mohamed Yousuf Naghi Motors Mohamed Yousuf Naghi Motors has a legacy spanning over 25 years and is a dominant player in the kingdom's luxury automotive sector, thanks to strategic marketing initiatives and comprehensive aftersales investments. In 2009, Mohamed Yousuf Naghi Motors acquired Jaguar Land Rover (JLR), applying the same expertise to rebuild the reputation and credibility of both brands in the Saudi market. Thanks to these efforts and an exceptional model range, Range Rover has become the most sought-after luxury 4WD vehicle in Saudi Arabia. Today, Mohamed Yousuf Naghi Motors continues to set the benchmark for premium automotive experiences, offering unparalleled customer service, innovation, and excellence. About alfanar alfanar is a global company headquartered in Riyadh, Saudi Arabia, specializing in the energy industry. The company focuses on the manufacturing and trading of low, medium, and high voltage electrical products. Additionally, alfanar offers engineering and construction solutions and services for traditional and renewable energy projects. With a strong commitment to innovation, sustainability, and local expertise, alfanar plays a pivotal role in supporting the Kingdom's transition to renewable energy and electrification. Through its advanced EV charging infrastructure, including the state-of-the-art alfaCharge range, alfanar is at the forefront of powering Saudi Arabia's future e-mobility in alignment with Vision 2030. For Further Information Sulann D Souza Head of Marketing Mohamed Yousuf Naghi Motors Co. E: Mohamed Yousuf Naghi Motors:
Time of India
an hour ago
- Automotive
- Time of India
Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous
Tata Motors' 2008 acquisition of Jaguar Land Rover (JLR) transformed it into a global name in passenger cars. Seventeen years later, the company is preparing for another big leap — this time in commercial vehicles. Tata Motors will acquire Italy-based commercial vehicle maker Iveco for around INR38,500 crore (EUR3.82 billion). With this, Tatas will get the full ownership of Iveco Group's trucks, buses, powertrain operations, and the captive
Time of India
7 hours ago
- Automotive
- Time of India
Tata Motors' Iveco takeover to fuel global CV ambitions but not without risks
Tata Motors has agreed to acquire Italian commercial vehicle maker Iveco in what would become its largest-ever acquisition, surpassing the 2008 Jaguar Land Rover (JLR) deal. The acquisition of Iveco, Europe's fourth-largest truck and bus maker maker, is widely seen as a strategic move by Tata Motors to elevate its commercial vehicle (CV) business from a mainly domestic focus into a significant global force. Tata Motors offer is aimed at acquiring 100% of Iveco's common shares with a subsequent delisting of Iveco Group from the Euronext Milan stock exchange. The all-cash offer valued Iveco at about Rs 3.8 billion ($4.4 billion). Both companies believe that having Iveco operate as a wholly-owned unit of the Mumbai-based automaker is crucial for its sustainable success and long-term value creation. Iveco has a diversified business with 74% of revenues from Europe and the rest from South America, Africa, and Oceania. "This combination is a strategic leap forward in our ambition to build a future-ready commercial vehicle ecosystem," said Girish Wagh , executive director of Tata Motors. "By integrating the strengths of both organisations, we are unlocking new avenues for operational excellence, product innovation and customer-centric solutions." He said the combination of Tata Motors and Iveco would allow them to cater to diverse mobility needs across markets, delivering sustainable transport solutions. Through the deal, Mumbai-based Tata Motors would gain access to advanced electric vehicle and hydrogen powertrain technologies, a broader product lineup, and immediate entry into several new markets. With minimal overlap in product lines and geographies, the merged entity would have annual sales of over 540,000 vehicles and combined revenues of around Rs 22 billion (Rs 2.2 lakh crore). Operations would span Europe (50%), India (35%), and the Americas (15%), with a growing presence in Asia and Africa, the companies said in a joint statement. The partnership is expected to enhance innovation in sustainable mobility, improve operating leverage, and unlock efficiencies by sharing capital investments across a larger volume base. It will also enhance Iveco's powertrain arm, FPT, expanding its global reach and capabilities, it said. The deal excludes Iveco's defence business, which is being spun off and sold to Italy's Leonardo in a separate transaction. "This acquisition will help Tata Motors become a global player-an ambition it has harboured since it acquired Korean commercial vehicle maker Daewoo Motor in 2004, but which remained largely unfulfilled," said VG Ramakrishnan, managing partner at Aventeum Advisors , a transaction advisory firm. On the domestic front, Tata Motors' share in the CV market has been declining amid rising competition and product gaps in key segments. It fell to 37.1% in FY25 from 41.7% in FY23, according to data from the road transport ministry's Vahan portal. Earnings, however, improved thanks to better realisation and cost control despite pressure on volumes. The acquisition of Iveco could thus plug one of Tata Motors' most critical weaknesses. "It will also help Tata Motors strengthen its position in the significant intermediate commercial vehicle (ICV) segment, where rival Eicher has a strong presence and Tata has struggled," said Mahantesh Sabarad, an auto industry expert. "But the timing of this deal is delicate, given the CV business is being separated and prepped for re-listing sans passenger vehicles. An acquisition of this size could be a bit of a stretch for the company," said Sabarad, referring to Tata Motors' plan to split its passenger and CV businesses into separate listed entities. Iveco's technology is not new to Indian roads. In 1987, the Italian company became a shareholder and technology partner in Ashok Leyland , helping launch a new generation of trucks powered by Iveco engines and platforms. Though the Hinduja Group bought out Iveco's stake in 2007, its engineering legacy continues to influence Ashok Leyland's product design. Market reaction to the news has been mixed. Tata Motors shares closed nearly 3.5% lower on Wednesday after reports emerged of the potential acquisition.
Deccan Herald
8 hours ago
- Automotive
- Deccan Herald
Tata Motors to acquire Italian truck maker Iveco in Rs 38,240-cr deal
In the automotive space, the company's largest acquisition till date is its buyout of British brand Jaguar Land Rover for $2.3 billion in 2008.
Economic Times
14 hours ago
- Automotive
- Economic Times
Tata Motors' Iveco takeover to fuel global CV ambitions but not without risks
MUMBAI: Tata Motors has agreed to acquire Italian commercial vehicle maker Iveco in what would become its largest-ever acquisition, surpassing the 2008 Jaguar Land Rover (JLR) deal. The acquisition of Iveco, Europe's fourth-largest truck and bus maker maker, is widely seen as a strategic move by Tata Motors to elevate its commercial vehicle (CV) business from a mainly domestic focus into a significant global Motors offer is aimed at acquiring 100% of Iveco's common shares with a subsequent delisting of Iveco Group from the Euronext Milan stock exchange. The all-cash offer valued Iveco at about Rs 3.8 billion ($4.4 billion). Both companies believe that having Iveco operate as a wholly-owned unit of the Mumbai-based automaker is crucial for its sustainable success and long-term value creation. Iveco has a diversified business with 74% of revenues from Europe and the rest from South America, Africa, and Oceania. "This combination is a strategic leap forward in our ambition to build a future-ready commercial vehicle ecosystem," said Girish Wagh, executive director of Tata Motors. "By integrating the strengths of both organisations, we are unlocking new avenues for operational excellence, product innovation and customer-centric solutions."He said the combination of Tata Motors and Iveco would allow them to cater to diverse mobility needs across markets, delivering sustainable transport the deal, Mumbai-based Tata Motors would gain access to advanced electric vehicle and hydrogen powertrain technologies, a broader product lineup, and immediate entry into several new markets. With minimal overlap in product lines and geographies, the merged entity would have annual sales of over 540,000 vehicles and combined revenues of around Rs 22 billion (Rs 2.2 lakh crore). Operations would span Europe (50%), India (35%), and the Americas (15%), with a growing presence in Asia and Africa, the companies said in a joint statement. The partnership is expected to enhance innovation in sustainable mobility, improve operating leverage, and unlock efficiencies by sharing capital investments across a larger volume base. It will also enhance Iveco's powertrain arm, FPT, expanding its global reach and capabilities, it said. The deal excludes Iveco's defence business, which is being spun off and sold to Italy's Leonardo in a separate transaction."This acquisition will help Tata Motors become a global player-an ambition it has harboured since it acquired Korean commercial vehicle maker Daewoo Motor in 2004, but which remained largely unfulfilled," said VG Ramakrishnan, managing partner at Aventeum Advisors, a transaction advisory the domestic front, Tata Motors' share in the CV market has been declining amid rising competition and product gaps in key segments. It fell to 37.1% in FY25 from 41.7% in FY23, according to data from the road transport ministry's Vahan portal. Earnings, however, improved thanks to better realisation and cost control despite pressure on volumes. The acquisition of Iveco could thus plug one of Tata Motors' most critical weaknesses."It will also help Tata Motors strengthen its position in the significant intermediate commercial vehicle (ICV) segment, where rival Eicher has a strong presence and Tata has struggled," said Mahantesh Sabarad, an auto industry expert. "But the timing of this deal is delicate, given the CV business is being separated and prepped for re-listing sans passenger vehicles. An acquisition of this size could be a bit of a stretch for the company," said Sabarad, referring to Tata Motors' plan to split its passenger and CV businesses into separate listed entities. Iveco's technology is not new to Indian roads. In 1987, the Italian company became a shareholder and technology partner in Ashok Leyland, helping launch a new generation of trucks powered by Iveco engines and platforms. Though the Hinduja Group bought out Iveco's stake in 2007, its engineering legacy continues to influence Ashok Leyland's product design. Market reaction to the news has been mixed. Tata Motors shares closed nearly 3.5% lower on Wednesday after reports emerged of the potential acquisition.
