April 19, 2023

Jaguar Land Rover plans to invest 15 billion pounds in electric push

(Reuters) – British luxury carmaker Jaguar Land Rover (JLR) on Wednesday said it plans to invest 15 billion pounds ($18.65 billion) over the next five years to expand its electric-vehicle offerings.

FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Milton Keynes

© Thomson Reuters
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Milton Keynes

JLR, which is owned by India’s Tata Motors, added that its Halewood plant in Merseyside, UK, will become an all-electric manufacturing facility.

($1 = 0.8042 pounds)

(Reporting by Chandini Monnappa in Bengaluru; Editing by Devika Syamnath)

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