In the current financial year, the domestic organization will make the highest investment in history of 6,000 rupees to finance the expansion of its capacity in all types of business – commercial, passenger and electric cars under both enterprises.
Tata Motors in the UK is Jaguar Land Rover (JLR) will invest about
2.6 billion pounds or 26,000 crore. The company is using this money to accelerate its transition to electric vehicles in all businesses, from JLRs, trucks and buses, and cars. Part of the cost will also go to eliminating bottlenecks and supply chains to supply more cars.
In terms of demand, the company is on a record booking of over 250,000 units or 1 lakh crore business to be delivered in the next 6-9 months.
JLR is on the highest booking in history – 168,000 units, while the passenger car business is just over 75,000-100,000 units. Speaking to the media about earnings for the quarter after March, Tata Motors CFO P.B. Balaji said: “Businesses will be well funded to move to the EV roadmap. We will invest between 5,500 and 6,000 crores in domestic business, and this will be used in CV, PV and EV businesses. ”
Management said it is making every effort to promote the launch of EV on JLR. “Jaguar will be fully electric by 2025. In 2024 there will be half a dozen BEV Land Rover (rechargeable EVs) … we will try to promote the launches if we can make a breakthrough, ”he added.