TATA MOTORS PASSENGER VEHICLES LTD : PRESS RELEASE – JLR SETS OUT PATH TO DOUBLE DIGIT REVENUE GROWTH THROUGH GREATER PROPULSION FLEXIBILITY AND INCREASED FOCUS ON NORTH AMERICA

• JLR is targeting medium-term double-digit revenue growth by leveraging its House of Brands strategy. • The company is reiterating its commitment to invest £18bn in future technologies, vehicle platforms and transformation by FY29. • Range Rover, Defender and Discovery brands will offer MHEV, HEV, PHEV or BEV; Jaguar will be uniquely Electric. • Upcoming product launches include Range Rover Electric, Range Rover Sport Electric and Jaguar Type 01. • JLR will focus on the US as a priority growth region, exploring new high potential segments for its Defender brand. • The company plans to drive £1.7bn of savings and return breakeven volumes towards 300,000 vehicles in the next two years.

Tata Motors Passenger Vehicles Limited

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