JLR outlines path to double-digit revenue growth with powertrain flexibility
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JLR, a Tata Motors UK unit, outlined a path for double-digit revenue growth. Range Rover, Defender and Discovery will offer MHEV, HEV, PHEV and BEV options, while Jaguar stays fully electric. Five new products launch over two years, including Range Rover Electric and Jaguar Type 01. JLR signed an MOU with Stellantis to develop Defender for the US. Targets 1.7 billion pounds in cost cuts to lower breakeven to 300,000 units, reaffirming 18 billion pound investment by FY29.
Signals revenue growth and margin gains at JLR, the parent's main profit driver. Multi-powertrain approach hedges EV risk, US focus adds growth lever.