Latest news with #Signa
NDTV
a day ago
- Automotive
- NDTV
Tata Motors Brings Air Conditioning To Entire Truck Lineup
Tata Motors has introduced a factory-fitted air conditioning system across its truck portfolio in the Indian market. This is the first time this temperature-control system will be available on the cowl models. Specifically, this update covers the Indian manufacturer's SFC, LPT, Ultra, Signa, and Prima cabin ranges. The air conditioning systems are equipped with dual-mode functionality, featuring Eco and Heavy settings aimed at delivering cooling while ensuring energy efficiency. Tata Motors has also raised the power output for its heavy truck, tipper, and prime mover range to 320 horsepower. Also Read: The upgraded truck models come with fuel-saving technologies, including automatic engine idle shut-off and voice messaging systems for up-to-date alerts. These enhancements are part of Tata Motors' initiative to enhance driver working conditions and boost productivity. Commenting on the occasion, Rajesh Kaul, Vice President and Business Head - Trucks, Tata Motors Commercial Vehicles, said, "The introduction of air-conditioned cabins and cowls marks a significant step towards building a comfortable working environment for drivers, enabling higher productivity." "In addition to complying with the regulatory requirements, we have leveraged this opportunity to deliver long-term value with a host of enhancements. These upgrades, shaped by extensive customer feedback, and backed by smart engineering, are designed to minimise impact on total cost of ownership, ensuring greater profitability for fleet owners," he added. Tata Motors is the leading player in India's commercial vehicle market and ranks among the top three manufacturers of passenger vehicles. The company is a subsidiary of the $165 billion Tata Group and has reported revenues of $44 billion. The manufacturer backs its vehicle lineup with a network of more than 3,000 service locations and the Sampoorna Seva 2.0 program, which offers maintenance contracts, roadside assistance, and access to spare parts. Additionally, the company operates Fleet Edge, a connected vehicle platform designed for efficient fleet management.
India.com
a day ago
- Automotive
- India.com
Tata Motors Rolls Out Factory-Fitted AC Cabins Across Entire Truck Lineup
Mumbai, June 6, 2025— In a significant move aimed at enhancing driver comfort and boosting productivity, Tata Motors has launched factory-fitted air-conditioned cabins and cowls across its entire range of trucks, including the SFC, LPT, Ultra, Signa, and Prima series. This marks the first time air conditioning is being made available in cowl models as well. India's largest commercial vehicle manufacturer is also introducing several performance upgrades, including increased engine power and advanced fuel-efficiency features, as part of its strategy to deliver better real-world performance and long-term value to fleet owners. Speaking on the launch, Rajesh Kaul, Vice President and Business Head – Trucks, Tata Motors Commercial Vehicles, said, *'The introduction of air-conditioned cabins and cowls represents a milestone in our commitment to improving the working environment for drivers. These enhancements go beyond regulatory compliance, delivering tangible benefits such as increased driver comfort, improved fuel economy, and reduced total cost of ownership.'* The new AC systems feature dual-mode operation—Eco and Heavy—for tailored cooling based on driving conditions, ensuring energy-efficient performance. Tata's heavy-duty trucks, including tippers and prime movers, now also offer higher power output, with engines delivering up to 320 hp. Additional upgrades include duty-cycle-based fuel efficiency tools like engine idle auto-shutdown and real-time alerts via a voice messaging system. The comprehensive upgrades come as part of Tata Motors' broader effort to improve truck usability and reliability across various applications, from long-haul freight to heavy-duty construction. Supporting its extensive vehicle portfolio, Tata Motors continues to strengthen its aftermarket services through the *Sampoorna Seva 2.0* initiative, which offers roadside assistance, guaranteed service turnaround times, annual maintenance contracts, and access to over 3,000 service touchpoints across India. The company also leverages its *Fleet Edge* connected vehicle platform to help fleet operators optimize performance, improve uptime, and reduce operational costs. With these new upgrades, Tata Motors is setting a new benchmark for comfort and performance in the commercial vehicle segment.
India Today
a day ago
- Automotive
- India Today
Tata adds factory-fitted AC to its entire truck lineup for enhanced comfort
In a move set to transform the driving experience for commercial vehicle operators, Tata Motors has introduced factory-fitted air-conditioned cabins across its entire truck range, including the SFC, LPT, Ultra, Signa, and Prima models. Notably, this upgrade now also extends to cowl models, marking a first for the Indian commercial vehicle initiative is aimed at enhancing driver comfort, safety, and productivity, while also meeting regulatory standards. Alongside the air-conditioning rollout, Tata Motors has incorporated a host of smart upgrades designed to improve real-world performance and reduce operating costs for fleet introduction of air-conditioned cabins and cowls marks a significant step towards building a comfortable working environment for drivers, enabling higher productivity. In addition to complying with the regulatory requirements, we have leveraged this opportunity to deliver long-term value with a host of enhancements. These upgrades, shaped by extensive customer feedback, and backed by smart engineering, are designed to minimise impact on total cost of ownership, ensuring greater profitability for fleet owners," said Rajesh Kaul, Vice President and Business Head – Trucks, Tata Motors Commercial Vehicles. The air-conditioning units come with dual-mode functionality — Eco and Heavy — allowing optimal cooling with improved energy efficiency. Tata's heavy-duty trucks, including tippers and prime movers, now also offer higher power outputs of up to 320hp. Additional upgrades include engine idle auto-shut for better fuel economy, and a voice alert system to deliver real-time operational Motors continues to strengthen its value proposition through its extensive service network of over 3,000 touchpoints and comprehensive aftersales support under its Sampoorna Seva 2.0 program. The company's Fleet Edge connected vehicle platform also ensures efficient fleet management, helping operators improve uptime and reduce operational to Auto Today Magazine
Business Times
4 days ago
- Business
- Business Times
Julius Baer's new goals fail to impress in setback for CEO
[ZURICH] Julius Baer Group unveiled fresh targets aimed at cutting costs and setting the Swiss wealth manager on the road to better profitability, though investors saw little reason to cheer. Shares in the Zurich-based lender fell after the open on Tuesday (Jun 3), following chief executive officer Stefan Bollinger's announcement of an extra 130 million Swiss francs (S$205 million) in cost cuts through 2028. The bank set a weaker efficiency target, and gave little detail on growth measures. Bollinger and new chairman Noel Quinn are seeking to put the bank on a path for growth after a string of missteps including the 2023 losses linked to the Signa real estate collapse. Yet both of Bollinger's strategy announcements since taking over in January have left investors looking for more. Baer shares were down 1.5 per cent at 9.47 am in Zurich. The firm scrapped medium-term targets for profitability, and instead introduced a goal for net new money, a key metric for wealth managers. The bank aims to improve the measure by 4 to 5 per cent over the next three years. 'Baer has reported an underwhelming strategy update as net new money and cost income ratio targets fail to excite relative to expectations,' analysts including Tom Hallett at KBW wrote in a note. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up On growth, the bank said it intends to 'sharpen segmentation and coverage, enhance its product offering, strengthen top positions in core geographies, and increase productivity.' Buybacks frozen In May the bank booked another large loss from property developments it helped finance. The 130 million Swiss francs loan-loss charge related to its private debt business and selected positions in its mortgage operation. In the same month Julius Baer disclosed that regulators had ordered it to hand over 4.4 million Swiss francs because of alleged failings in money-laundering controls related to transactions that had occurred between 2009 and 2019. Baer confirmed that a share buyback programme is on hold until it has clarity over the outcome of an investigation into the Benko losses by the regulator Finma has concluded. Anke Reingen, an analyst at RBC Capital Markets, said that the target updates 'make sense' but that investors would need to see 'evidence of a better outcome and buybacks to resume to see earnings growth and upgrades coming through.' BLOOMBERG
Business Times
21-05-2025
- Business
- Business Times
Julius Baer faces US$156 million loan loss charge
[ZURICH] Julius Baer Group said it's booking another large loss from property developments it helped finance, just as the Swiss wealth manager is emerging from a crisis triggered by its exposure to Rene Benko's Signa real estate empire. The Zurich-based bank disclosed late Tuesday (May 20) that it's taking a loan-loss charge of US$156 million related to its private debt business and selected positions in its mortgage operation. As part of a review of its credit portfolio, Baer is discussing writing down a loan related to a real estate project in the German city of Hanover that's on the cusp of default and is also facing a loss from another development, Bloomberg reported earlier on Tuesday, citing people familiar with the matter. The report prompted the company to release an interim management statement ahead of schedule. That report showed assets under management of 467 billion Swiss francs (S$731.7 billion), a 6 per cent decrease from the end of 2024, according to a statement, as the strong Swiss franc had a currency impact of 28 billion francs. The bank posted net new money of 4.2 billion francs for the same period, coming from clients in Asia and Western Europe, it said. The bank also said it was on track to achieve the additional 110 million francs in cost savings it announced in February, and that this was expected to start benefiting profitability later this year. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'We expect investors to react negatively to disappointing net new money,' Citigroup analyst Nicholas Herman wrote in a note to clients, adding that the loan loss is also 'disappointing on several levels.' 'This follows a series of mis-steps prior to the arrival of CEO Stefan Bollinger,' he said, citing the Signa loss, the attempt to acquire Swiss rival EFG, flows and interest margins. Chief risk officer Oliver Bartholet will retire, the bank added, in another departure from the executive board since loans to defunct property tycoon Rene Benko helped cut 2023 profit in half. Bartholet will hand over his responsibilities on July 1 to Ivan Ivanic, who joined Julius Baer in February as chief credit officer. The executive board, which was slashed to five from 15 following the arrival of newly appointed chief executive officer Stefan Bollinger, will be expanded to include a chief compliance officer, with an announcement 'in due course.' Bollinger and chairman Noel Quinn, HSBC Holdings' former CEO, are seeking to clean up the balance sheet and set the firm back on a growth path. The two are expected to present a strategy update in June as they look to shore up investor confidence. Baer, Switzerland's second-largest listed wealth manager, wrote off US$700 million in loans and shut down its private-debt business after Benko's conglomerate unravelled in late 2023. The wealth manager said it has made progress on the wind-down of its private-debt loan book, with the remaining notional exposure now well below 0.2 billion Swiss francs, a more than 50 per cent reduction since the end of 2024, it said. The remaining book stands at 0.4 per cent of the total loan book, according to the statement. Last week, it emerged that Julius Baer has been ordered to hand over 4.4 million Swiss francs because of alleged failings in money-laundering controls. The previously undisclosed 'enforcement proceeding' is separate from an existing Finma probe into the Benko fallout. BLOOMBERG
