Robert Besser
16 Mar 2025, 07:56 GMT+10
NEW DELHI, India: Jaguar Land Rover (JLR) has decided against manufacturing electric vehicles at Tata Motors' upcoming $1 billion factory in southern India, sources familiar with the matter said.
The decision marks a shift in JLR's production strategy as the luxury automaker grapples with cost challenges and slowing global demand for EVs.
JLR initially explored the possibility of producing EVs at the Indian facility, but the company was unable to find the right balance between cost and quality for locally sourced components. The decision is also linked to a broader market slowdown, with EV sales growth tapering off in key regions.
Get a daily dose of Broadcast Communications news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.
More InformationNEW DELHI, India: Jaguar Land Rover (JLR) has decided against manufacturing electric vehicles at Tata Motors' upcoming $1 billion factory...
LONDON, U.K.: Virgin Group is seeking to raise $900 million to fund its plan to launch cross-channel rail services, positioning itself...
SEATTLE, Washington: Boeing saw a significant increase in aircraft deliveries in February, reporting 44 planes delivered compared to...
DALLAS, Texas: Southwest Airlines will start charging passengers for checked bags, ending a long-standing policy that set it apart...
NEW YORK, New York - U.S. stocks rallied hard on Friday, boosted by strong rises around the world. Investors shrugged off a decline...
MILAN, Italy: Maserati has scrapped plans for an electric version of its MC20 sports car, citing low expected demand for the high-performance...
Washington (DC) [US], March 10 (ANI): The American popular sitcom 'The Neighbourhood' has been renewed for season 8, which will also...
(Nairobi) - The Rwanda-backed M23 armed group and the allied Alliance Fleuve Congo (AFC) have threatened, detained, and attacked...
Toronto, Ontario February 7, 2024 Nathalie Theberge, Vice-Chairperson, Broadcasting Canadian Radio-television and Telecommunications...
The way the Left is handling Mahmoud Khalils caseframing it as a legal and human rights issuecompletely misses the broader media narrative...
Bob Labriola Let's get to it: CHRIS HANN SR. FROM SARASOTA, FL: I counted 14 different QBs who started between Terry Bradshaw and...
Kassidy Hill CHARLOTTE The Panthers reportedly found their answer at safety Monday afternoon. According to multiple reports, including...