Tata-owned Jaguar Land Rover (JLR) plans to invest around 1.2 trillion rupees (13.5 billion pounds) in the next three years. The company will invest this in new models, technology development and capacity building.
JLR has said in a presentation to investors that it will introduce four new models by the year 2024, which will increase the number of vehicles in its portfolio from the current 12 to 16. During this time, the company will work on 99 different ‘product actions’.
Accordingly, the proposed investment will be done in new models, technology, capacity expansion. Along with that, he is also investing heavily in the new platform ‘MLA’ and electricity. The company has said that the modular Longitudinal Architecture (MLA) will be completed by 2025