Jaguar Land Rover Will Spend $5.3 Billion on New Models, Tech [Bloomberg Business News]
Tata Motors Ltd Tata Motors Limited (TTM)
US:NYSE Investor Relations:
tatamotors.com/investor/volumes
Company Research
Source: Bloomberg Business News
Unit’s sales declines in U.K., Europe damps Tata Motors profit Investments by unit to be made in year ending March 2019 Jaguar Land Rover I-Pace electric vehicle Photographer: SeongJoon Cho/Bloomberg Jaguar Land Rover will spend about 4.5 billion pounds ($5.3 billion) in the current financial year on new models and technologies as the luxury carmaker looks to spur sales that grew at a slower pace. “We will continue with over-proportional investment in new vehicles, manufacturing facilities and next generation automotive technologies in line with our autonomous, connected, electric and shared strategy,” Chief Executive Officer Ralf Speth said in a statement Wednesday. The company spent 4.2 billion pounds in the year ended March 31. Deliveries at the luxury-car unit of Tata Motors Ltd. grew at 1.7 percent in the year through March, with demand for newer models such as the
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