Play Store App Store
  • Home
  • Collaborate with us
  • Terms
  • For Copyright Holders
  • Contact Us
Newzz - Todays news headlines from India & the World
No Result
View All Result
Play Store App Store
English / हिन्दी
  • Home
  • Latest News
  • Business
  • Lifestyle
  • Entertainment
  • Technology
  • Politics
  • Sports
  • World
  • Videos
  • Home
  • Latest News
  • Business
  • Lifestyle
  • Entertainment
  • Technology
  • Politics
  • Sports
  • World
  • Videos
No Result
View All Result
Newzz - Todays news headlines from India & the World
No Result
View All Result
Home Business

JLR Plans To Roll Out 8 Battery Electric Vehicles In India By 2030

October 1, 2023
JLR Plans To Roll Out 8 Battery Electric Vehicles In India By 2030

Tata Motors-owned Jaguar Land Rover aims to launch eight battery electric vehicles in India by 2030, according to a senior company executive.

The company currently sells one electric model — Jaguar I-Pace — in the country.

In an interaction with PTI, JLR Chief Commercial Officer Lennard Hoornik said the automaker will commence taking orders for the Range Rover BEV for the Indian market next year with deliveries expected to begin in 2025.

“We are planning to introduce at least 8 BEVs by the end of the decade in India,” he noted.

The British automaker, a wholly owned subsidiary of Tata Motors since 2008, aims to become a net-zero carbon business globally by 2039.

Terming the Indian market a ‘big strategic priority’ for the automaker, Hoornik noted that the country is in the right direction when it comes to transitioning into electric mobility.

He said subsidy push in the initial phase, setting up the right amount of charging infrastructure and having a great product (EV) were some of the essentials which would encourage the adoption of electric cars in the country.

Hoornik noted that governments around the world were trying to give electric cars a bit of a kickstart by offering subsidies.

“I think to kickstart that sort of transformation (to electric cars) I think it (subsidy) is very important,” he noted when asked if subsidies could also help in the growth of EV sales in India.

Hoornik said affordability is one critical factor in encouraging the adoption of electric cars.

“..Batteries are not cheap…So if there is anything that we can do to accelerate..once you get over a certain percentage (sales of EVs) it seems to just go right..beginning I think is quite important,” he stated.

Elaborating on the company’s overall roadmap in the country, Hoornik said the company aims to expand the Range Rover, Range Rover Sport, and Defender brands which were strong in the Indian market.

“We are now getting a number of new product releases within those families. There will be some special editions, but also we are slowly moving towards electrification,” he noted.

The automaker plans to have individual growth strategies for its four brands — Jaguar, Range Rover, Discovery and Defender, Hoornik said.

Each of those brands should have their own growth strategy, retail landscape and their own audience, he noted.

“In a country that is so big, with so much diversity, I think there’s a role for each of the brands to play,” Hoornik said.

He noted that in April-June period of this fiscal, the company’s sales in India grew over 100 per cent and the automaker expected to keep the momentum going in the rest of the fiscal.

“It is also important that we grow our order bank… it grew about 50-plus per cent within the same timeframe (first quarter)…it is very clear that it is looking bright (future) for us here,” Hoornik said.

He noted that JLR being a part of the Tata Group is a very positive factor due to the trust equation which the general population has with the diversified conglomerate.

Hoornik noted that JLR has a very positive outlook on the growth of the overall luxury car market in India.

High GDP growth rate, young population and rapid development of road infrastructure were some of the factors which bode well for the growth of the industry going ahead, he noted.

“The positivity in the energy of India will carry it through,” Hoornik said.

Earlier this year, Tata Group announced an investment of 4 billion pounds to set up a flagship factory to make batteries for Jaguar Land Rover as well as other manufacturers.

The group chose Bridgwater in Somerset in southwest England for the gigafactory over a rival location in Spain.

The gigafactory, at 40GWh, will be one of the largest in Europe and Tata’s first outside of India.

It will supply JLR’s future battery-electric models, including the Range Rover, Defender, Discovery and Jaguar brands, with the potential to also supply other car manufacturers.

Production at the new gigafactory is due to start in 2026.

. Read more on Business News by BloombergQuint.

Read more ➤
ShareTweetSendSendShare

Related Posts

HPE, Nvidia Collaborate To Deliver Full-Stack Generative AI Solution
Business

HPE, Nvidia Collaborate To Deliver Full-Stack Generative AI Solution

December 2, 2023
Economists Raise Full-Year Forecasts But ‘Just Looking Like A Wow’ Data Has Its Oddities
Business

Economists Raise Full-Year Forecasts But ‘Just Looking Like A Wow’ Data Has Its Oddities

December 1, 2023
Check Full List Of Best Apps and Games In India
Business

Check Full List Of Best Apps and Games In India

November 30, 2023
Risky Bonds Decimated By Credit Suisse Implosion Are Booming Again
Business

Risky Bonds Decimated By Credit Suisse Implosion Are Booming Again

November 29, 2023
nifty charts: Tech View: Nifty surpasses 19,850 hurdle to form hammer candlestick. What traders should do on Wednesday
Business

nifty charts: Tech View: Nifty surpasses 19,850 hurdle to form hammer candlestick. What traders should do on Wednesday

November 28, 2023
Business

Michael Gove apologises for litany of ‘errors’ in UK’s Covid-19 response

November 28, 2023
Next Post
The origins of the first American novel on India and the mysterious man who inspired it

The origins of the first American novel on India and the mysterious man who inspired it

Shriram General To Diversify Product Portfolio This Fiscal, Says Top Official

Shriram General To Diversify Product Portfolio This Fiscal, Says Top Official

Other Newzz

32% of home offices invest in digital assets: Goldman Sachs

32% of home offices invest in digital assets: Goldman Sachs

May 9, 2023
AP Mahesh Co-op Urban Bank servers hacked, Rs 12 crore siphoned off

AP Mahesh Co-op Urban Bank servers hacked, Rs 12 crore siphoned off

January 25, 2022
Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

July 31, 2021

Popular Newzz

  • Celebs Who Have Aced the Maternity Photoshoot

    Celebs Who Have Aced the Maternity Photoshoot

    0 shares
    Share 0 Tweet 0
  • How Do I Unblock the 13377x Proxy Site?

    1 shares
    Share 0 Tweet 0
  • What Is DOPBNK Full Form ★ Which Bank SMS It? ★ ApnaPlan.com – Personal Finance Investment Ideas

    0 shares
    Share 0 Tweet 0
  • Dance Plus Season 6 Finale Promo | Remo D'Souza Hue Emotional, Farah Khan

    0 shares
    Share 0 Tweet 0
  • Hero Karizma ZMR Dakar Edition Visualized, Looks On Point

    0 shares
    Share 0 Tweet 0

best bladder control medicine for high blood pressure blood pressure lowering medication least side effects can you take nitroglycerin to lower blood pressure diabetes meds blood pressure side effects do opiates lower your blood pressure how to lower dia in blood pressure nitrate to lower blood pressure 4th degree sexual assault get a boner how to last longer when first having sex make my dick big natural vitamin for male enhancement raging hard cocks cbd gummies 75mg where to buy green canyon cbd oil fun drops cbd gummies greenhouse cbd thc and cbd effects how to lose a beer belly fast do easy 100 diet pills work safe diet pills for thyroid patients what depression meds help with weight loss how to induce ketosis fast ketogenic diet weight loss stories men s weight loss supplements gnc diet pills best on the market 1 hour post meal blood sugar is 80 a good blood sugar level lower blood sugar site nih gov dilaidid causes high blood sugar how much blood for blood sugar test

Newzz – Todays news headlines from India & the World

Recent Posts

  • Survey – THE REPORTING TODAY
  • HPE, Nvidia Collaborate To Deliver Full-Stack Generative AI Solution
  • Morocco, Portugal, Spain Submit Bidding Agreement for 2030 FIFA World Cup

Categories

  • Art and Culture
  • Automobile
  • Beauty
  • Blockchain / Cryptocurrency
  • Bollywood
  • Business
  • Business
  • Cybersecurity
  • Economy
  • Education
  • Entertainment
  • Entertainment
  • Fashion
  • Gadget and More
  • Gaming
  • Health and Fitness
  • Hollywood
  • Home Decor
  • International
  • Latest News
  • Lifestyle
  • Lifestyle
  • Markets
  • Music
  • Parenting
  • Personal Finance
  • Politics
  • Real Estate
  • Relationships
  • Sports
  • Startups
  • Sustainable Living
  • Technology
  • Technology
  • Travel
  • Uncategorized
  • Videos
  • World
  • Collaborate with us
  • Terms
  • Contact Us

Copyright © Newzz. All rights reserved

No Result
View All Result
  • Change Language to हिन्दी
  • Home
  • Latest News
  • Business
    • Automobile
    • Economy
    • International
    • Markets
    • Personal Finance
    • Real Estate
  • Lifestyle
    • Art and Culture
    • Beauty
    • Fashion
    • Health and Fitness
    • Home Decor
    • Parenting
    • Relationships
    • Travel
  • Entertainment
    • Bollywood
    • Hollywood
    • Music
  • Technology
    • Blockchain / Cryptocurrency
    • Cybersecurity
    • Gadget and More
    • Gaming
    • Startups
  • Politics
  • Sports
  • World
  • Videos
    • Business
    • Entertainment
    • Lifestyle
    • Technology
  • Collaborate with us
  • Contact Us

Copyright © Newzz. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist