Mumbai, May 20: Tata Motors group has raised its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm Jaguar Land Rover absorbing the maximum share, according to a senior company official. In FY24, Tata Motors group had given a guidance of 3 billion pound investment for Jaguar Land Rover (about Rs 30,000 crore) and Rs 8,000 crore for Tata Motors ā a total of about Rs 38,000 crore.āInvestment by JLR ended at 3.3 billion pounds (more than Rs 33,000 crore), and Tata Motors did more than Rs 8,200 crore. So, the total we ended was at about Rs 41,200 crore investment in FY24,ā Tata Motors Group CFO PB Balaji said in an earnings conference. Coming to FY25, he said, for JLR, the investment will be āmore like 3.5 billion pounds, broadly Rs 35,000 crore, because all the product plans we had are coming together (next year)ā.
He further said, āThere is a phasing issue we are dealing (with), and these products have to (be) launched on timeā. For Tata Motors, Balaji said, āWe will repeat the Rs 8,000-odd crore range. So, JLR is about 6 per cent increase and Tata Motors is flat.
So, thatās how the investment is (for FY25)ā. For Tata Motors, Balaji said, āWe will repeat the Rs 8,000-odd crore range. So, JLR is about 6 per cent increase and Tata Motors is flat.
So, thatās how the investment is (for FY25)ā. He said the investment is āall about products and technologiesā for JLR and Tata Motors. Elaborating on the new product launch programme, Jaguar Land Rover CFO Richard Molyneux said, āFY2026 is the year when our new product starts to hit. We will have Range Rover BEV in the market by then and other products as well.
At that point in time, we start to replace some of the vehicles on which we make less money with brand-new vehicles, which normally helps EBIT levelsā. On the Range Rover BEV, he said, āWeāre doing it differently. This is not a BEV (battery electric vehicle) which is going to get sold as a Range Rover. This is the Range Rover with a BEV powertrainā. Molyneux further said, āBEV happens to give the exact combination of power, quietness and serenity that is perfect for the Range Rover brand.
So, this will be the top-end of Range Roverā. Molyneux further said, āBEV happens to give the exact combination of power, quietness and serenity that is perfect for the Range Rover brand. So, this will be the top-end of Range Roverā. JLR will also keep developing its offerings on Range Rover and Range Rover Sport, he said, adding that the Defender OCTA will get launched later this year.