The foundational work of our recovery programme is firmly underway, JLR said
JLR, which is owned by India's Tata Motors, said it would invest 15 billion pounds ($19 billion) over the next five years on EVs, according to a company press release.
Tata Motors Electric Vehicle 2022 Launch Highlights: The Tata Motors Avinya concept is the first car from Tata Motors to be based on a dedicated EV platform. Tata Motors is looking to deliver range beyond 500 km with the new Avinya vehicle concept.
H1FY22 performance would be impacted for both JLR as well as domestic operations. We expect recovery from H2FY22.
Total sales of Tata Motors are up by 14 percent coming in at 30, 487 units. Land Rover sales have jumped by 13 percent while Jaguar sales have risen by 15 percent. China sales are up by 44 percent Y-o-Y while UK sales have declined by 25 percent.