Nifty99000 100%

Sensex99000 100%

Article rating: 4.3
Article rating: No rating
Article rating: 2.0
Article rating: 1.5
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: No rating
RSS

News

JLR to invest Rs 1.2 lakh crore in 3 years

Author: PTI/Monday, June 25, 2018/Categories: Auto & Ancillary

JLR to invest Rs 1.2 lakh crore in 3 years

New Delhi - Tata Motors-owned Jaguar Land Rover has lined up investment worth 13.5 billion pounds (around Rs 1.2 lakh crore) in the next three years on new models, technology development and capacity addition.

The company will launch four new models by FY24 taking the total nameplates in its portfolio to 16 from 12 at present. Besides, it has also lined up a total of 99 different 'product actions' during the time period.

Investment will be 4.5 billion pounds per annum from FY19 to FY21 and subsequently targeted at 12-13 per cent of turnover, JLR said in an investor presentation.

The investments will be on new models, technology, capacity with significant amount of it on electrification and on a new platform, modular longitudinal architecture (MLA).

"Our roll out to MLA will be fully complete by 2025, at which point every product can cater for an ICE (internal combustion engine), BEV (battery electric vehicle) or PHEV (plug-in hybrid electric vehicle) derivative," JLR said.

Sharing a break up of the planned long-term investment by activity, the company said 51 per cent will be on products, 27 per cent on capacity and other activities, 13 per cent on electrification of vehicles and 9 per cent on powertrain.

JLR has been investing heavily over a period of time with an aim to have a significance presence in the global luxury automotive market which is currently dominated by German firms Mercedes, BMW and Audi.

During FY11 to FY18, JLR has invested over GBP 20 billion in new products, technology, capacity and infrastructure, it said in the investor presentation.

Targeting sustainable profitable growth with positive cash flow over the medium to long term, JLR said it is "moderating investment to 12-13 per cent of revenue whilst ensuring competitiveness".

On the product programme, JLR said it has 12 nameplates in FY18 which will grow to 16 by FY24.

There will be "four new nameplates from FY18 to FY23, including the stunning I-PACE with the all new Defender in development", it said.

In FY19 there will be 19 'product actions' -- which include upgrades or variants of existing models or bringing new version of older models.

The product actions will increase to 38 in between FY20 and FY21, JLR said, adding from FY22 to FY24 there will be a total of 42 such actions.

Print Rate this article:
No rating

Number of views (188)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free