JLR to invest £3 bn by FY26, shares of Tata Motors DVR hits Rs 300 mark

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.

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.

 

Shares of Tata Motors DVR rose 2.6 per cent to touch the Rs 301 mark on the BSE in Monday’s intra-day trade. However, the stock fell down slightly at the end of the day to close at Rs 299.40, gaining 2.01 per cent. The stock crossed Rs 300 after a gap of over six years.