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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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