Jaguar evolution into all-electric brand on track; new model launches slated in 2025, says Chandrasekaran
The transformation of Jaguar into an all-electric luxury brand is on track with first new vehicles to be launched in 2025, according to Jaguar Land Rover Chairman N Chandrasekaran. Addressing shareholders in the company’s Annual Report for 2022-23, he noted that the British automaker is set to transform into a modern luxury vehicle business.
Jaguar Land Rover (JLR) has been a wholly-owned subsidiary of Tata Motors since 2008.
Chandrasekaran noted that the brand faced a difficult business environment last fiscal with several headwinds like shortage of electronic components.
The British brand had to contend with the shortage of semiconductors and challenges in energy supplies in the aftermath of the war in Ukraine, leading to a battle against inflationary pressures, Chandrasekaran said.
