Image Source: AGENCIES

20-04-2023
WATSUPPTODAY DESK

The luxury carmaker Jaguar Land Rover (JLR), with headquarters in the UK, on Wednesday announced a significant investment plan worth £15 billion over five years, supported by a Gigafactory that Indian parent company Tata Group is constructing in Europe.
JLR Chief Executive Adrian Mardell confirmed plans for the factory to convert to an all-electric production facility in Halewood, north-west England, as he reaffirmed the company's commitment to the Reimagine strategy, which will reposition the luxury car manufacturer as an electric-first company by 2030. The announcement regarding the Tata Group's proposed Gigafactory, he added, is "hopefully imminent," will also include the information that Jaguar Land Rover will be the center of attention for the facility.