Tata Motors will renew Jaguar Land Rover's Freelander
ECONOMY & POLICY

Tata Motors will renew Jaguar Land Rover's Freelander

Ten years after it was abandoned, Tata Motors-owned Jaguar Land Rover Automotive is reintroducing the iconic four-wheel-drive Freelander as an electric model, specifically for the Chinese market. Tata Motors intends to revive the Freelander as an electric vehicle in an effort to accelerate its journey towards electric car profitability. Jaguar Land Rover has partnered with Chery Automobile Co. to develop a new range of electric vehicles (EVs) and license the Freelander brand. This project will be managed by their joint venture, CJLR, which will utilise Chery's production facilities and manufacturing expertise. Jaguar Land Rover wants to take a bigger share of the largest automobile market in the world. In addition to this new electric project, CJLR will keep creating a variety of cars powered by gasoline. Prominent domestic enterprises in China encompass BYD Co. and Great Wall Motor Co., whose advanced electric and hybrid automobiles satisfy the growing need for outdoor pursuits. China will be the first market for the new Freelander, which will first be produced in Changshu with the goal of exporting to other nations. The companies have not yet revealed the start date of Freelander's production. JLR originally introduced the Freelander brand in 1997, and it was produced up until 2015. It was replaced in 2016 by the Discovery Sport. JLR intends to shortly begin domestically building its Range Rover and Range Rover Sport in India. JLR's sales growth in FY24 increased by 81% to 4,436 units from FY23. The automaker hopes to double its sales. Tata Motors surpassed Street expectations in Q4 FY24 with a more than threefold rise in net profit, driven by strong results across all three of its business verticals. Tata Motors' net profit climbed to Rs 175 billion in Q4 FY24 from Rs 54.96 billion the year before. Profit was boosted by a deferred tax credit of Rs 95 billion.Tata Motors' CFO, P.B. Balaji, told ET that he expects the demand for JLR business to stay steady in FY25. But he did warn that JLR is under increasing pressure in the UK market and that this has to be addressed. It expects the US market to continue expanding. Tata intends to bring EVs into the mainstream in India by releasing three new models in FY25: the Curvv.ev, Harrier.ev, and Sierra.ev.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Ten years after it was abandoned, Tata Motors-owned Jaguar Land Rover Automotive is reintroducing the iconic four-wheel-drive Freelander as an electric model, specifically for the Chinese market. Tata Motors intends to revive the Freelander as an electric vehicle in an effort to accelerate its journey towards electric car profitability. Jaguar Land Rover has partnered with Chery Automobile Co. to develop a new range of electric vehicles (EVs) and license the Freelander brand. This project will be managed by their joint venture, CJLR, which will utilise Chery's production facilities and manufacturing expertise. Jaguar Land Rover wants to take a bigger share of the largest automobile market in the world. In addition to this new electric project, CJLR will keep creating a variety of cars powered by gasoline. Prominent domestic enterprises in China encompass BYD Co. and Great Wall Motor Co., whose advanced electric and hybrid automobiles satisfy the growing need for outdoor pursuits. China will be the first market for the new Freelander, which will first be produced in Changshu with the goal of exporting to other nations. The companies have not yet revealed the start date of Freelander's production. JLR originally introduced the Freelander brand in 1997, and it was produced up until 2015. It was replaced in 2016 by the Discovery Sport. JLR intends to shortly begin domestically building its Range Rover and Range Rover Sport in India. JLR's sales growth in FY24 increased by 81% to 4,436 units from FY23. The automaker hopes to double its sales. Tata Motors surpassed Street expectations in Q4 FY24 with a more than threefold rise in net profit, driven by strong results across all three of its business verticals. Tata Motors' net profit climbed to Rs 175 billion in Q4 FY24 from Rs 54.96 billion the year before. Profit was boosted by a deferred tax credit of Rs 95 billion.Tata Motors' CFO, P.B. Balaji, told ET that he expects the demand for JLR business to stay steady in FY25. But he did warn that JLR is under increasing pressure in the UK market and that this has to be addressed. It expects the US market to continue expanding. Tata intends to bring EVs into the mainstream in India by releasing three new models in FY25: the Curvv.ev, Harrier.ev, and Sierra.ev.

Next Story
Infrastructure Urban

India, US to promote sustainable aviation fuel and hydrogen in buses

India and the United States have agreed to promote sustainable aviation fuel (SAF), electrification of medium and heavy-duty vehicles, and the use of hydrogen in buses, tractors, and heavy equipment. This decision came during the Strategic Clean Energy Partnership (SCEP) dialogue between US Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri in Washington, DC. Both nations also encouraged increased investments in each other's clean energy markets. The joint statement emphasised the importance of a "just, orderly, and sustainable energy trans..

Next Story
Infrastructure Transport

Tuticorin Airport upgradation set for December completion

Tuticorin Airport in Tamil Nadu is undergoing a significant upgrade, with an expected completion date in December 2024. The project, valued at Rs 3.81billion, is being carried out by the Airports Authority of India (AAI) and involves the extension of the runway to accommodate A-321 type aircraft, construction of a new apron, a new terminal building, a technical block with a control tower, and a new fire station. The new terminal building, covering 17,500 square meters, will significantly enhance the airport's capacity, enabling it to serve 1,440 passengers during peak hours and handle up to 2 ..

Next Story
Infrastructure Transport

Airfare hike not tied to increased airport charges; ACI

The Airports Council International (ACI) stated that rising airfares are not linked to increased airport charges. Airport charges are crucial for infrastructure development within the commercial aviation ecosystem, but they remain a minimal part of the overall airfare. Stefano Baronci, Director General of ACI Asia Pacific & Middle East, emphasized that airports are infrastructure-intensive businesses, with costs dominated by maintaining essential infrastructure such as runways, taxiways, aprons, and terminal buildings. He noted that neglecting the capital expenditure needed to support future g..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000