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

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

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)

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)

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?