Tata Motors-owned JLR delays launch of Range Rover, Jaguar EVs
JLR has told customers deliveries of the Range Rover Electric will not start until next year, the report said, while a source told the newspaper that Jaguar's first EV will start production in August 2026.
Deliveries of the Range Rover Electric were originally supposed to begin late 2025. The models, which are the first electric models to be manufactured directly by JLR, required extended testing, which partly led to the delay, the report added. "Our plans and vehicle architectures are flexible so we can adapt to different market and client demands," the company said in a statement to Reuters, while maintaining that it would sell electric versions for all of its brands by 2030.
The "Defender" SUV maker did not respond to any other details in the Guardian report. Earlier this month, the Tata Motors-owned automaker posted a 10.7% drop in first-quarter sales, hit by a temporary pause in shipments to the U.S and a wind-down of the Jaguar brand's legacy models. Production of the Range Rover Velar's electric version, slated for production from April 2026, could also be delayed further, the report said. The company in June cut its target for earnings margin before interest and taxes for the fiscal year 2026 to 5%-7%, from 10%, amid uncertainty in the global auto industry spurred by U.S. tariffs.
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Time of India
2 hours ago
- Time of India
Housing societies in dilemma over NA tax in absence of govt resolution
1 2 3 4 5 6 Pune: Nearly ten months after the state cabinet announced abolition of non-agricultural (NA) tax for urban housing societies, confusion prevails over it due to absence of a formal govt resolution (GR) in this regard. The managements of housing societies across the state said they are not sure whether they should continue paying the tax till official guidelines are issued in this regard. The state cabinet, under Eknath Shinde-led govt, had approved scrapping of the NA tax in October 2024, ahead of the state assembly elections. The move was aimed at providing relief to societies in urban areas like Pune and Mumbai, where residents have been paying both property tax and NA tax. Housing societies have now approached the state government to issue a formal GR in this respect. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune "We have informed the housing societies that the NA tax has been scrapped. However, many have received payment notices post-October. There is widespread confusion on the issue. We urge the govt to issue a GR in this regard immediately," said Suhas Patwardhan, chairperson, Maharashtra State Housing Federation. The NA tax, which dates back to the British era, is levied on properties situated on agricultural land within the municipal corporation or council limits, excluding those located in designated gaothan areas. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo The abolition was a long-standing demand of housing society federations. Despite the cabinet decision, lack of an official GR has left societies in a dilemma. Some have stopped paying tax based on the cabinet announcement, while others continue to pay to avoid potential penalties. Senior revenue department officials acknowledged the delay, attributing it to the timing of the assembly elections. "The law and judiciary department deferred the issue of GR last year, citing code of conduct during elections. Later, it was left to the new govt to issue the GR," a revenue department official told TOI. A senior official confirmed on Saturday that the GR is likely to be taken up in the next cabinet meeting and could be notified before August 15. "We understand the practical difficulties societies are facing. Clear directives will be issued through the GR shortly, which would give clarity to those who have paid NA tax and those who have not," the official added. In the meantime, housing societies remain divided in their approach. "We are aware that the tax has been scrapped, but without an official GR, we are hesitant to stop payment," said a senior committee member of a housing society in Kondhwa. "We have not received any directive from the state govt. Until the GR is issued, we cannot provide clear instructions to officials or societies," said a senior district administration official. The housing federation said that the issue affects thousands of housing societies and called on the govt to issue a resolution in this regard without any further delay. "This is a critical issue for middle-class homeowners. The longer the delay, the more confusion it will create. The govt must act swiftly," said Patwardhan. Pune: Nearly ten months after the state cabinet announced abolition of non-agricultural (NA) tax for urban housing societies, confusion prevails over it due to absence of a formal govt resolution (GR) in this regard. The managements of housing societies across the state said they are not sure whether they should continue paying the tax till official guidelines are issued in this regard. The state cabinet, under Eknath Shinde-led govt, had approved scrapping of the NA tax in October 2024, ahead of the state assembly elections. The move was aimed at providing relief to societies in urban areas like Pune and Mumbai, where residents have been paying both property tax and NA tax. Housing societies have now approached the state government to issue a formal GR in this respect. "We have informed the housing societies that the NA tax has been scrapped. However, many have received payment notices post-October. There is widespread confusion on the issue. We urge the govt to issue a GR in this regard immediately," said Suhas Patwardhan, chairperson, Maharashtra State Housing Federation. The NA tax, which dates back to the British era, is levied on properties situated on agricultural land within the municipal corporation or council limits, excluding those located in designated gaothan areas. The abolition was a long-standing demand of housing society federations. Despite the cabinet decision, lack of an official GR has left societies in a dilemma. Some have stopped paying tax based on the cabinet announcement, while others continue to pay to avoid potential penalties. Senior revenue department officials acknowledged the delay, attributing it to the timing of the assembly elections. "The law and judiciary department deferred the issue of GR last year, citing code of conduct during elections. Later, it was left to the new govt to issue the GR," a revenue department official told TOI. A senior official confirmed on Saturday that the GR is likely to be taken up in the next cabinet meeting and could be notified before August 15. "We understand the practical difficulties societies are facing. Clear directives will be issued through the GR shortly, which would give clarity to those who have paid NA tax and those who have not," the official added. In the meantime, housing societies remain divided in their approach. "We are aware that the tax has been scrapped, but without an official GR, we are hesitant to stop payment," said a senior committee member of a housing society in Kondhwa. "We have not received any directive from the state govt. Until the GR is issued, we cannot provide clear instructions to officials or societies," said a senior district administration official. The housing federation said that the issue affects thousands of housing societies and called on the govt to issue a resolution in this regard without any further delay. "This is a critical issue for middle-class homeowners. The longer the delay, the more confusion it will create. The govt must act swiftly," said Patwardhan.
Time of India
5 hours ago
- Time of India
In absence of GR, housing socs in dilemma over paying NA tax
Pune: Nearly 10 months after the state cabinet announced abolition of non-agricultural (NA) tax for urban housing societies, confusion prevails over it due to absence of a formal govt resolution (GR) in this regard. The managements of housing societies across the state said they are not sure whether they should continue paying the tax till official guidelines are issued in this regard. The state cabinet, under Eknath Shinde-led govt, had approved scrapping of the NA tax in October 2024, ahead of the state assembly elections. The move was aimed at providing relief to societies in urban areas like Pune and Mumbai, where residents have been paying both property tax and NA tax. Housing societies have now approached the state government to issue a formal GR in this respect. "We have informed the housing societies that the NA tax has been scrapped. However, many have received payment notices post-October. There is widespread confusion on the issue. We urge the govt to issue a GR in this regard immediately," said Suhas Patwardhan, chairperson, Maharashtra State Housing Federation. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The NA tax, which dates back to the British era, is levied on properties situated on agricultural land within the municipal corporation or council limits, excluding those located in designated gaothan areas. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Despite cabinet decision, lack of an official GR has left societies in a dilemma. Senior revenue department officials acknowledged the delay, attributing it to the timing of the assembly elections. "The law and judiciary department deferred the issue of GR last year, citing code of conduct during elections. Later, it was left to the new govt to issue the GR," a revenue department official told TOI. A senior official confirmed on Saturday that the GR is likely to be taken up in the next cabinet meeting and could be notified before August 15.
The Print
7 hours ago
- The Print
Former chief justice of India Chandrachud says Viceroy report on Vedanta Group lacks credibility
According to the filing, the former CJI has opined that 'Viceroy has a track record of taking short positions in listed companies and then publishing misleading reports to profit unlawfully from the resulting market impact'. Justice Chandrachud's remark came after Vedanta sought an independent legal opinion from the former chief justice in relation to the allegations made in the Viceroy Research report, the company said in a regulatory filing on Friday. New Delhi, Jul 19 (PTI) US short seller Viceroy Research's report on the Vedanta Group 'lacks credibility' and the firm would be well-placed to seek legal remedies, former chief justice of India D Y Chandrachud has said. The Viceroy Research's report on the company contains serious allegations, causing harm to the Vedanta Group's business and reputation, Justice Chandrachud said. 'The report contains serious imputations such as 'ponzi scheme' and 'parasite', which have caused harm to querist's (Vedanta's) business and reputation,' he said, adding, 'in these circumstances, the querist would be well-placed to seek legal remedies.' The US short seller in its July 9 report had called billionaire Anil Agarwal-led British firm Vedanta Resources a 'parasite' that is 'systematically draining' its Indian unit, an allegation which the group called as 'selective misinformation and baseless' aimed at discrediting the firm. Viceroy Research took a short position against the debt of Vedanta Resources, the UK-based parent of Indian miner Vedanta Ltd, alleging that the group 'is a house of cards built on a foundation of unsustainable debt, looted assets, and accounting fiction'. Vedanta had responded, saying the report was 'a malicious combination of selective misinformation and baseless allegations' and that its authors issued it without contacting the group. PTI SID HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
