Tata group-owned British Manufacturer Jaguar Land Rover to pump £4.5 B annually in Research and Development programs. In total 99 products located.
Jaguar Land Rover to invest Rupees 1.2 lakh crore in next three years on 99 undisclosed products which might include new cars, Electric vehicle, and responsive updates to the current version, etc.
During a quarterly investor meet last week, Jaguar notified it’s investors about this plan. As Jaguar Land Rover showed immense growth since 2008 when it was sold at £2.3 Billion to tata group. Jaguar has £4.7 Billion in revenue last year.
For now, it has about 16.2 % capital expenditure to sales ratio in FY18 market share in the luxury segment. It’s competitive rivals including BMW, Mercedes, Audi, etc. But Still Jaguar is low on balance in comparison to these German manufacture’s, it hopes to further expand it’s business in upcoming years keeping up with new innovations and updates.
Since 2011, Jaguar had spent £20 billion on capital expenditures. Which is almost 9 times its acquisition value?