- The biggest ever investment from JLR to come over next three years
- To compete against German brands such as Mercedes-Benz, BMW and Audi
- To introduce 10 products in India in this financial year
Jaguar Land Rover (JLR) plans to invest around Rs 1.2 lakh crore over the next three years for global operations. The fresh round of investment will be the biggest ever by the company and will help the brand compete against its German rivals such as Mercedes-Benz, BMW and Audi who have been working on development of the electric vehicle.
The British brands owned by Tata Motors will be introducing 99 products which includes next-generation models, Electric Vehicles (EV) and the I-Pace and the Defender. Moreover, reports indicate that JLR will be introducing 10 new products in India this financial year, which includes facelift and new models as well. More details on the funding aspect will be known in the days to come and future development plans will be known at a later date.