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Bullish on growth prospects, Jaguar Land Rover aims to double its business in India over the next 3-4 years amid plans to bolster its product portfolio and sales network, according to a top company executive. With the Indian luxury car market expected to grow consistently over the next few years, Jaguar Land Rover (JLR) India anticipates breaking into the top ten markets of its parent. In an interaction with PTI here, JLR India Managing Director Rajan Amba stated that demand and appreciation for bespoke or differentiated car models remain very high in India promoting it to offer such products in the country. He noted that JLR India has witnessed better growth rate than the rest of the domestic luxury car industry over the last few years and it retains momentum for sustainable growth going ahead. "So clearly, there's a vacuum or a demand that we are kind of meeting and fulfilling and we have not even hit our peak running speed," Amba stated. The automaker has a natural demand poten
British Prime Minister Keir Starmer chose the UK headquarters of Jaguar Land Rover (JLR), the country's largest carmaker owned by Tata Motors, to deliver a key speech on Monday amid ongoing turmoil unleashed by US President Donald Trump's global trade tariffs. The car industry is among the worst hit as it has been targeted with 25 per cent tariffs on imported vehicles and prompted Starmer to pledge a change of course on the UK's electric vehicle (EV) regulations to support carmakers such as JLR. It follows the firm's recent announcement that it would pause shipments to the US as it assesses the impact of the new trading terms. I think EV targets are a good thing, they're good for the climate, good for business certainty and investment, good for British manufacturing, said Starmer, addressing JLR workers in the West Midlands region of England. "But I accept that those targets have to work for British manufacturers and I don't want British firms like this one put in a position where y
Tata Motors-owned Jaguar Land Rover on Monday reported a 3 per cent decline in retail sales at 1,03,108 units in the second quarter of the current fiscal as compared to the year-ago period. Retail sales for the first six months of the financial year were at 2,14,288 units, up 3 per cent year-on-year, Tata Motors said in a statement. Production in Q2 FY25 was restricted to 86,000 units, down 7 per cent as compared to 93,000 units in the year-ago period as a result of aluminium supply disruptions reported in Q1 FY25, it added. We expect both production and wholesale volumes to pick up strongly in the second half of the financial year as the aluminium supply situation normalises, the company said.