Tata Motors’ JLR Future Proofing Itself With Rapid Electric Transition: ICICI Securities

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ICICI Securities Report

Tata Motors Ltd.’s Jaguar Land Rover’s management shared details of its electrification strategy at its annual investor day.

The key takeaways include -

1. pivoting portfolio towards focussed luxury (away from mass luxury) with Jaguar pure battery electric vehicle platform leading the technology transition;

2. zero pure-internal combustion engines model sales by FY26;

3. platform consolidation (six down to three) will be key to creating quality, cost efficiency;

4. thus, capex spend will be approximately £2.5 billion, to include all the required electric vehicle investment; and

5. confident of achieving financial targets of more than or equal to 7%/10% Ebit margin by FY24/26, respectively.

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