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Jaguar Land Rover (JLR) India on Tuesday said it has commenced production of the Defender 110 at its Pune facility to cater to its local customers, thereby reducing prices by up to Rs 34 lakh for the fully loaded top-end version. The company said it expects up to a 20 per cent uptick in sales volumes following the move. With this, India becomes the first market outside Europe for local production of Defender, the company said. Global production, however, will continue at JLR's facility in Nitra, Slovakia, which remains the centre of excellence for Defender and will continue to manufacture global variants including Defender OCTA, Defender 90 and Defender 130, it said. In the last three and a half years, the company has sold 9,000 units of the Defender. "The country has embraced Defender for its capability, versatility and unmistakable character. With more than 9,000 Defenders on Indian roads already, and as our highest-selling model, it has moved beyond an SUV to become a cultura
Tata Motors' owned Jaguar Land Rover plans an annual investment of 3 billion pounds while targetting revenue of over 30 billion pounds by FY26, according to an investor presentation by the company. Jaguar Land Rover (JLR), which makes SUVs such as Range Rover, Defender and Discovery under the Land Rover brand and Jaguar luxury cars, expects to have revenue of over 28 billion pounds in FY24. Tata Motors shared the presentation to be made by JLR on stock exchanges. Under its 'Reimagine' strategy, which was designed to address the key challenges facing its business, JLR had aimed to become a more agile business, with a simplified manufacturing operation and an ambition to achieve positive cash net-of-debt by 2025. In its 'Investor Day 2023' presentation, JLR said, "Reimagine will deliver" and its investment target is 3 billion pounds per annum. Further, the company is looking at free cash flow of 2 billion pounds by FY24 and "continuing to be significantly positive thereafter". In t
Jaguar is recalling more than 6,000 I-Pace electric SUVs in the US due to the risk of the high-voltage battery overheating and catching fire. The recall is the latest in a series of electric vehicle battery recalls because of the potential for fires. Documents posted on Wednesday by the US National Highway Traffic Safety Administration say the recall covers all of the SUVs from the 2019 through 2024 model years. The documents say the vehicle batteries were made by LG Energy Solution, which is under investigation by the NHTSA after five automakers issued recalls due to possible defects that could cause fires or stalling. The NHTSA opened the probe in April of 2022 covering more than 138,000 vehicles with the South Korean company's lithium-ion batteries. General Motors, Mercedes-Benz, Hyundai, Stellantis and Volkswagen have issued recalls since February of 2020, most due to internal battery failures that can increase the risk of fires. The agency says it will write to LG and other