Jaguar Land Rover planning new models with USD5.3M investment


Published on May 26th, 2018 | by Daniel Sherman Fernandez


Jaguar Land Rover planning new models with USD5.3M investment

Jaguar Land Rover will spend about 4.5 billion pounds (USD5.3 billion) in the current financial year on new models and technologies to spur slowing vehicle sales in light of market changes.

Deliveries at the luxury-car unit of India’s Tata Motors grew at 1.7% in the year through March, with demand for newer models such as the Jaguar E-Pace compact SUV and Range Rover Velar failing to offset a sales drop in older models. The investment push comes at a time when China has announced it will cut import duty on passenger cars to 15% from 25%, granting foreign carmakers further access to the world’s largest auto market.

Tata Motors net income fell 51% to 21.3 billion rupees (USD311 million) in the three months ended March, a steeper decline than analyst estimates. Profit before tax at Jaguar Land Rover dropped 46% to 364 million pounds in the period.

About the Author is a service to the public and other website owners. is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site While the information contained within the site is periodically updated, no guarantee is given that the information provided in this website is correct, complete, and up-to-date. is not responsible for the accuracy or content of information contained inside.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑