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Tata Group Owned Jaguar Land Rover to Outlay 15 Billion Euros in EVs

JLR also stated that they would be introducing a new EV in 2025 and that its Halewood plant, in the UK, will become an all-electric production amenity.

April 21, 2023. By EI News Network

Tata group-owned Jaguar Land Rover (JLR) stated it would be investing 15 billion pounds (USD 19 billion) over the next five years in evolving electric vehicles and in future technologies.

JLR also stated that they would be introducing a new EV in 2025 and that its Halewood plant, in the UK, will become an all-electric production amenity.

Moreover, JLR’s next-generation medium-size SUV architecture, electrified modular architecture will now be pure-electric.

JLR CEO Adrian Mardell proclaimed the business’s commitment to its Reimagine strategy under which JLR target to attain a net cash-positive position by FY 25 and double-digit EBIT by the year 2026.

The first of its next-generation medium-size modern luxury SUVs will be an all-electric model from the Range Rover family, launching in 2025.

The car manufacturer mentioned that it will hold the flexible modular longitudinal architecture (MLA) on which Range Rover and Range Rover Sport are constructed availing internal combustion engine (ICE), HYBRID and battery electric vehicle (BEV) alternatives.

Tata Motors Limited is an Indian multinational automobile manufacturing organisation, based in Mumbai, India, which is part of the Tata Group.

Jaguar Land Rover Automotive is the holding company of Jaguar Land Rover Limited, abbreviated as JLR. Jaguar Land Rover is a subsidiary of Tata Motors and has its head office in Whitley, Coventry, UK.

Tags:

Electrified modular architecture

Pure electric

Battery electric vehicle

Internal combustion engines

Modular longitudinal architecture