Veteran industrialist Ratan Tata's meeting with Ford chairman Bill Ford in the USA in 1999 turned out to be a significant juncture in his career as he, nine years later, acquired Jaguar Land Rover.
Ratan Tata, the iconic former chairman of Tata Group, died at 86. Known for his leadership, humility, and philanthropy, Tata transformed the Tata Group into a global brand, with iconic names like Jaguar Land Rover, Tata Motors, and Starbucks.
Jaguar Land Rover will now assemble their flagship Range Rover and Range Rover Sport SUV in India. The company is currently producing its Velar, Evoque, Jaguar F-Pace and Discovery Sport at its facility in Pune.
The automaker sold 1.01 lakh units in the third quarter compared to the same period a year earlier, marking the highest wholesales JLR has seen in 11 quarters.
Jaguar Land Rover witnessed the highest wholesales achieved in 11 quarters during the period with a consistent demand surge for Range Rover, Range Rover Sport, and Defender models.
The SUV is powered by a '5.0 I supercharged V8 petrol engine' that delivers a power of 423 KW and torque of 700 Nm and is capable of accelerating from 0-100 km per hour in 4.5 seconds.
The new Velar is available in the R-Dynamic S trim with 2-litre petrol and diesel powertrains.
The model, which comes with six airbags, scored 85 per cent for adult and child occupant protection.
Tata Motors-owned Jaguar Land Rover (JLR) is planning to cut over 1,000 contract-agency jobs amid the ongoing COVID-19 pandemic pressures.
Tata Motors-owned Jaguar Land Rover (JLR) on Thursday posted revenues of 6.4 billion pounds in the quarter ending December 2019, marking a 2.8 per cent rise year-on-year. The UK-based luxury carmarker said that while its total retail sales fell 2.3 per cent.
At present luxury vehicles in India attract top GST slab of 28 per cent and additional cess of 20 per cent on sedans and 22 per cent on SUVs, taking the total tax incidence to 48 per cent and 50 per cent, respectively.
The Range Rover Sport SVR comes at an entry price of Rs 1.97 crore, the price tag for the Range Rover SV Autobiography ranges from Rs 3.12 crore to Rs 3.88 crore.
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