Jaguar F-TYPE launched in India, priced Rs 1.61 c

July 8, 2013

Jaguar_F-TYPEMumbai, Jul 8: Tata Motors-owned Jaguar Land Rover (JLR) today launched its sports car Jaguar F TYPE priced up to Rs 1.61 crore (ex-showroom Mumbai), while it mulls over assembling more models in India.

The Jaguar F TYPE will be available in two variants. The F Type V8S powered by a 5 litre petrol engine will be priced at Rs 1.61 crore (ex-showroom Mumbai), while the F TYPE S with a V6 3-litre petrol engine will be available for Rs 1.37 crore (ex-showroom Mumbai).

"The launch of F TYPE is significant for Jaguar as we are looking at a lot of premeditated spin-off benefits, primarily because of the exclusive nature of the product. It will enhance the appeal of the Jaguar brand in India," Jaguar Land Rover India Vice President Rohit Suri told PTI.

Stating that the sports car market in India is very small, he said JLR is not looking for volumes.

"The primary objective of launching the F TYPE is not for volumes but to showcase technology and take it as a halo product with other products benefiting from it" Suri said.

When asked if JLR is looking to assemble more models in India over and above the Land Rover Freelander 2 and the Jaguar XF sedan, he said: "Yes, we are continuously evaluating opportunities based on how good the volumes are."

Suri, however, did not share which specific models from the JLR stable could be assembled at Tata Motors' Pune facility saying "it will all depend on the business case".

He also ruled out plans for full scale manufacturing of JLR products in India.

On the sales front, he said JLR in the April-June quarter this fiscal grew by 68 per cent driven mainly by the XF sedan, without sharing the absolute numbers.

"Currently we have a huge demand for the XF sedan with a waiting period of about 2-3 months. We are gradually ramping up capacity ot meet the demand," Suri added.

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News Network
March 13,2020

Bengaluru, Mar 13: In the wake of fresh cases of Covid-19 reported in Karnataka, Infosys Foundation chairperson Sudha Murty has urged the Karnataka government to take steps to shut malls and theatres, saying the coronavirus multiplies in air-conditioned areas.

In a letter to the government, she said preventive measures should be taken to control the spread of coronovirus before it gets worse.

Murty, who also leads the State government-constituted Karnataka Tourism Task Force, said she has discussed the current situation with Chairman and Executive Director of Narayana Health, Devi Prasad Shetty.

She suggested closure of all schools and colleges with immediate effect, malls, theatres and “all air-conditioned areas where the virus multiplies”, and allow only essential services like pharmacy, grocery and petrol bunks.

“It is not scientifically proven that the virus dies in high temperature,” she said pointing to spread of the virus -- despite heat -- in peak summer in Australia and Singapore, which have “summer all 12 months”.

“I request you to vacate one government hospital with at least 500 - 700 beds for this purpose (to deal with coronavirus cases), which requires oxygen lines and pipes,” she said.

“Infosys Foundation, the philanthropic and CSR arm of software major Infosys, would do the civil work and Devi Shetty has agreed to share resources like medical equipment,” she added.

“We would like to work with the government proactively so that we can prevent this as early as possible,” Sudha Murty said.

The total number of confirmed coronavirus positive cases in Karnataka is five, including the 76-year old man from Kalaburagi who died on Tuesday night.

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News Network
March 18,2020

San Francisco, Mar 18: Facebook said a bug in its anti-spam system temporarily blocked the publication of links to news stories about the coronavirus. Guy Rosen, Facebook's vice president of integrity, said on Twitter Tuesday that the company was working on a fix for the problem.

Users complained that links to news stories about school closings and other information related to the virus outbreak were blocked by the company's automated system.

Later on Tuesday, Rosen tweeted that Facebook had restored all the incorrectly deleted posts, which also covered topics beyond the coronavirus.

Rosen said the problems were unrelated to any changes in Facebook's content-moderator workforce. The company reportedly sent its human moderators home this week because of the coronavirus outbreak.

A representative for Facebook did not immediately respond to questions on the status of Facebook's content moderators, many of whom do not work directly for the company and are not always able to work from home.

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Agencies
March 7,2020

New Delhi, Mar 7: The Union government has issued a Global Invite for Expression of Interest for disinvestment in Bharat Petroleum Corporation Limited (BPCL) from prospective bidders with a minimum net worth of $10 billion as of Saturday.

The EoI submissions can be made till May 2, whereas investor queries will be entertained till April 4.

Another condition pertains to a maximum of four members are permitted in a consortium, and the lead member must hold 40 per cent in proportion. Other members of the consortium must have a minimum $1 billion net worth.

The EOI allows changes in the consortium within 45 days, though the lead member cannot be changed.

The GoI proposes to disinvest its entire shareholding in BPCL comprising 1,14,91,83,592 equity shares held through the Ministry of Petroleum and Natural Gas, which constitutes 52.98 per cent of BPCL's equity share capital, along with the transfer of management control to the strategic buyer (except BPCL's equity shareholding of 61.65 per cent in Numaligarh Refinery Limited (NRL) and management control thereon).

The shareholding of BPCL in NRL will be transferred to a Central Public Sector Enterprise operating in the oil and gas sector under the Ministry and accordingly is not a part of the proposed transaction.

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