Jaguar Land Rover Cars to be built at New Factory of Tata Motors

Tata Motors, one of the big automobile companies, plans to set up a factory in Tamil Nadu. In this factory, luxury cars will be manufactured under the Jaguar Land Rover (JLR) brand. JLR sales in India have increased by 81 percent in the last financial year.

A Reuters report states that an investment of one billion dollars can be made in this factory. Earlier, Tata Motors and JLR had signed an agreement for licensing of JLR’s Electrified Modular Architecture (EMA) platform. This platform will be used in the upcoming electric vehicles of Tata Motors. Sales of JLR’s SUVs like Range Rover and Defender have increased rapidly in the country. Its models like Discovery Sport and Range Rover Evoque are also getting good response.

Recently Tata Motors had signed an agreement with Shell to increase the charging infrastructure of EV. These charging stations will be installed at the fuel stations of British oil and gas company Shell in the country. EV sales have increased rapidly in the last few years. Tata Motors’ EV customers use Tata Power’s EV chargers as well as third-party EV charging networks. Tata Power has more than 8,000 EV charging stations.

Tata Motors’ sales increased by 14 percent in March. The company has sold 50,937 units in India and international markets. A major part of this comes from EV and CNG vehicles. In the last financial year, Tata Motors has sold 5.74 lakh cars in the passenger vehicle segment. This is an increase of six percent compared to the previous year. For Tata Motors, Punch and Nexon have contributed significantly to the sales in March also. Recently electric and CNG versions of Punch were launched. The company said that last month electric and CNG vehicles accounted for 29 percent of its total sales. The company ranks first in the country’s EV segment with about 80 percent share. The company had reduced the prices of its EV by Rs 1.20 lakh in February. The company has achieved the milestone of manufacturing 10 lakh cars at its factory in Sanand, Gujarat.

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Also read:
Automobile, Manufacturing, Tata Motors, Electric vehicles, Market, JLR, Sales, Factory, Demand, Investment, Prices

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