Jaguar Land Rover (JLR), a subsidiary of Tata Motors, is planning to invest a whopping £500 million (around ₹5,586 crore) to transform its UK factory into a hub for manufacturing electric SUVs.
What Happened: JLR intends to double its investment in its Halewood plant, located near Liverpool, in the upcoming years. This move will make the facility JLR’s first-ever all-electric manufacturing unit.
Over the past year, JLR has already invested £250 million (around ₹2,775 crore) in the plant. This additional investment is part of JLR’s ambitious £18 billion five-year plan to introduce electric variants for all its models by the end of this decade.
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The plant has been fitted with new EV build lines, 750 autonomous robots, ADAS calibration rigs, laser alignment technology for perfect part fitment and the latest cloud-based digital plant management systems to oversee production.
The Halewood factory, which was initially opened by Ford Motor Co. in 1963, has been a crucial production site for JLR, manufacturing key models like the Range Rover Evoque and Discovery Sport. The company is now gearing up to start production of medium-size electric sport utility vehicles at the plant, alongside combustion-engine and hybrid models.
This announcement comes on the heels of a successful period for JLR in the UK market. In August, JLR reported a significant 81% increase in sales, selling around 2,681 units.
Earlier in September, N Chandrasekaran, the chairman of Tata Sons, revealed plans for Tata Motors and JLR to manufacture electric vehicles (EVs) in India for global markets.
Price Action: Tata Motors’ share price was up 2.17% to trade at ₹984.50 in the afternoon hours of trading on Thursday.
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