Tata Motor's British luxury vehicle brand Jaguar Land Rover (JLR) has announced plans to invest £18 billion (₹1.9 trillion) until the financial year 2028 (FY28), 20 per cent more than its earlier announced plan of £15 billion.
A significant portion of this investment will go into product development.
In April 2023, JLR had outlined an investment plan of £15 billion over the next five years until FY28 as it planned to reposition itself as an electric-first, modern luxury carmaker by 2030.
In FY24, the company invested £3.3 billion, and in FY25 it aims to invest £3.5 billion. In the same year, the automaker expects to turn net cash-positive.
According to an Investor Day 2024 presentation shared by the company, JLR is targeting to achieve an earnings before interest, taxes (Ebit) margin of over 8.5 per cent in FY25 and improve it further to 10 per cent in FY26.
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Denne historien er fra June 20, 2024-utgaven av Business Standard.
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