Monday, June 12, 2023

Jaguar Land Rover plans annual investment of 3 billion pounds by FY26

Jaguar Land Rover (JLR), owned by Tata Motors, has revealed plans for an annual investment of £3bn ($4.2bn) while aiming for revenue of over £30bn by FY26, according to an investor presentation. JLR, known for its SUVs and luxury cars, anticipates revenue of over £28bn in FY24. It revealed its electrification programme with the Range Rover as the “vanguard” of its EV transformation, while the Jaguar brand will transform into a “radical, modern luxury EV brand in 2025”.

from Auto-Industry-Economic Times https://ift.tt/nt5hqeR
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Mahindra XUV 3XO REVX EDGE launched at ₹9.39 lakh; petrol automatic variant added to REVX M(O)

Mahindra has launched the new XUV 3XO REVX EDGE starting at ₹9.39 lakh. A petrol automatic variant of the REVX M(O) was also introduced for ...