Tata Motors to invest ?18 billion in JLR for EVs and flex models

21 Jun 2024 CW Team

Tata Motors has increased its five-year investment plan in its UK subsidiary, Jaguar Land Rover (JLR), by 20% until FY28, raising the investment from ?15 billion to ?18 billion, the company announced in an investor presentation.

This increased investment will be used to develop internal combustion engine (ICE) models, hybrids, and battery electric vehicles (BEVs), aligning with the company's ?Reimagine? strategy, which emphasises electrification. The majority of future product development spending will favor BEVs over the next four years.

Despite the increased investment, Tata Motors aims to maintain its return on capital employed (RoCE). It reported a RoCE of 21.3% in FY24 and expects around 22% in FY25. The company targets an EBIT (earnings before interest and tax) of 10% in FY26, up from 8.5% in FY24, driven by new products, operational efficiency, and brand investment.

Additionally, Tata Motors announced in a separate filing that JLR and China's Chery have signed a letter of intent to license the Freelander brand to CJLR (a 50:50 partnership between Jaguar Land Rover and Chery Automobile Company). This agreement will allow CJLR to develop an advanced portfolio of electric vehicles based on Chery's EV architecture, exclusively under the Freelander name.

(Source: ET)

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..