![Tata Motors' JLR to revive Freelander as EV in China](https://images.assettype.com/fortuneindia%2F2023-10%2F80e2c21c-ff26-4f8a-b191-06b8d61f19e7%2Fgettyimages_1650496634_594x594.jpg?rect=0,0,594,297&w=300&q=95)
Tata Motors' JLR to revive Freelander as EV in China
JLR and Chery sign a letter of intent to license the Freelander brand to Chery Jaguar Land Rover for making battery electric vehicles in China.
JLR and Chery sign a letter of intent to license the Freelander brand to Chery Jaguar Land Rover for making battery electric vehicles in China.
Tata Motors says JLR’s full-year sales surged over 20% YoY on improved production and sustained demand. JLR to report Q4 results in May 2024
Reacting to the demerger plan, shares of Tata Motors gained as much as 4.5% to scale a new peak of ₹1,031.70 on the BSE.
While there are limited synergies between CV and PV businesses, there are considerable synergies to be harnessed across PV, EV and JLR, says Tata Motors
Tata Motors has been the top Nifty 50 performer in the last one year, zooming 137% from its 52-week low of ₹400.4 touched on March 28, 2023
Jaguar and Land Rover delivered the highest wholesales in 11 quarters during the quarter ended December.
Measures to reduce costs and lower break-even volume at JLR boost bottom line.
The retail sales in H1 of FY24, surged by 25% YoY to 2,08,555 units, against the same period last year.
Tata Motors also plans to launch a series of new electric vehicles for its Jaguar Land Rover (JLR) portfolio
The net debt of automotive division fell to ₹41,700 crore in June from ₹43,700 crore in March.