Tata Owned Jaguar Land Rover To Invest GBP 3B Annualy
In an investor presentation, Jaguar Land Rover, which is owned by Tata Motors, stated that it would invest £3 billion annually while aiming for more than £30 billion in sales by FY26.
Jaguar Land Rover (JLR), which manufactures luxury Jaguar vehicles as well as SUVs under the Land Rover brand such as the Range Rover, Defender, and Discovery, anticipates revenue of more than £28 billion in FY24.
JLR's presentation regarding stock exchanges was made public by Tata Motors.
JLR sought to become a more agile company under its "Reimagine" strategy, which was created to address the major issues affecting its business. The company also wanted to reach positive cash net-of-debt by 2025.
According to an investor presentation by the firm, Jaguar Land Rover, which is owned by Tata Motors, intends to invest £3 billion annually while aiming for revenues of more than £30 billion by FY26.
Jaguar Land Rover (JLR), which produces luxury Jaguar automobiles as well as SUVs like Range Rover, Defender, and Discovery under the Land Rover brand, anticipates revenue of more than £28 billion in FY24.
JLR's presentation on stock exchanges was made public by Tata Motors.
JLR had a goal to become a more agile company with a streamlined production operation and an objective to achieve positive cash net-of-debt by 2025 as part of its "Reimagine" strategy, which was designed to solve the fundamental difficulties facing the business.
In its 'Investor Day 2023' presentation, JLR said, "Reimagine will deliver" and its investment target is £3 billion per annum.
Further, the company is looking at free cash flow of £2 billion by FY24 and "continuing to be significantly positive thereafter".