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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.
Increased spending on R&D comes as Tata Motors focuses on extending its electric vehicle product range, developing flex-fuel powertrain, fuel cell EV and Hydrogen ICE
JLR will utilise its existing facility in Pune for production, complementing the current global manufacturing at the historic Solihull plant in the UK.
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 Group has taken bets for the future, says N Chandrasekaran.
Jaguar and Land Rover delivered the highest wholesales in 11 quarters during the quarter ended December.
Tata Motors' market share in the country's fast-growing EV segment is 75%.
Measures to reduce costs and lower break-even volume at JLR boost bottom line.
Revenues of Tata Motors' subsidiary JLR improved by 30.4% to 6.9 billion pounds.
This partnership will deliver substantial savings for JLR over the next five years, unlocking free cash flow to reinvest into the future, says TCS.