This automobile company will invest EURO 15 billion in its expansion and upgradation of the electric vehicle plant!

The stock gave multibagger returns of 543 per cent in just 3 years.

Jaguar Land Rover (UK), our wholly owned subsidiary of Tata Motors Ltd announced that the company will do an investment of EURO 15 billiom over five years in JLR’s industrial footprint, vehicle programmes, autonomous, AI & digital technologies, investing in next generation electric models and people skills.  

The next generation electrification roadmap, JLR confirmed it will start to invite applications for client orders for the modern luxury all-electric Range Rover from later this year. The first of its next generation medium-size modern luxury SUVs will be an all-electric model from the Range Rover family, launching in 2025 and built at Halewood in Merseyside. First of three reimagined modern luxury electric Jaguars will be a 4-door GT built in Solihull, UK.  

In addition to the news that its Halewood plant in Merseyside, UK, will become an all-electric production facility and its next generation medium-size SUV architecture, electrified modular architecture (EMA), will now be pure-electric.  

The company is upcoming with House of Brands, as a next step within the Reimagine strategy, it was revealed JLR will move to a House of Brands approach, to amplify the unique character of each of its brands - Range Rover, Defender, Discovery and Jaguar - and accelerate the delivery of the company’s vision, to become proud creators of the world’s most desirable modern luxury automotive brands.  

Tata Motors Ltd is a global automobile manufacturer. As part of the illustrious Tata group, it provides the world with a diverse portfolio of cars, SUVs, trucks, buses and defence vehicles.  

Today, shares of Tata Motors Ltd surged 1 per cent to Rs 473.60 per share with an intraday high of Rs 475.45 and an intraday low of Rs 469.20.   

Meeting of the Board of Directors of Tata Motors Limited is scheduled to be held on Friday, May 12, 2023, inter alia, to consider and approve the Audited Financial Results of the Company (Standalone and Consolidated), for the quarter and financial year ended March 31, 2023 along with the Reports of the Auditors thereon.  

The stock gave multibagger returns of 543 per cent in just 3 years. Investors should keep an eye on this Large-Cap Tata Group stock.