JLR expects BEVs to account for significant portion of India biz in 3-4 yrs
Tata Motors-owned marquee brand plans to roll out around 8 variants of Battery Electric Vehicles (BEVs) in the country by 2030, including the Range Rover BEV, which is expected to be introduced in India sometimes next year.
Tata Motors-owned JLR currently does not have any BEVs in its portfolio in the country.
"I think that EVs are one of those things that will hit a point where it is going to race ahead. It was racing already, but slowed down a bit. With every manufacturer now investing, I think that the power of many will fuel this (segment) further, giving consumers confidence," Jaguar Land Rover (JLR) India Managing Director Rajan Amba told PTI here.
With battery pricing dropping and mileage increasing amid the right set of government policies in place, the EV segment is moving in the right direction in the country, he added.
"For whatever reasons, it (EV sales) kind of slowed down a bit, maybe swayed by foreign sentiment, but I think that certainly for our brand and for our category where we operate, I think it will be more than enough to create in the next 3-4 years, a significant portion of our business to come from the BEV portfolio," Amba said.
He noted that when many OEMs come forward, it helps to create a market, which is not possible if only a single entity is operating in the segment.
Amba noted that adoption of EVs in luxury segment in the domestic market has been brisk and various automakers have already benefited in terms of their overall volumes in the last few years.
He expressed hope that going by the market sentiments, Range Rover BEV is also expected to generate a strong demand in the domestic market.
Amba stated that the only thing lacking and which needs to be accelerated is the speed in creating charging infrastructure which would give confidence to the prospective customers.
He noted that JLR is working very closely with Tata Motors and other group firms in this regard.
As part of its global sustainability goals, JLR aims to achieve net-zero carbon emissions by 2039.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
Proposed GST rate tweaks on automobiles to end classification disputes
New Delhi, Aug 17 (PTI) In upcoming sweeping reforms, the GST on automobiles - currently in the highest tax bracket - will be restructured to resolve classification disputes related to engine capacity and vehicle size, ultimately benefiting the common man, according to government sources. Presently, automobiles are taxed at 28 per cent, which is the highest GST slab. A compensation cess, ranging from 1 to 22 per cent, is levied on top of this rate, depending on the type of vehicle. The total tax incidence on cars, depending on engine capacity and length, ranges from 29 per cent for small petrol cars to 50 per cent for SUVs. Electric vehicles are taxed at a 5 per cent rate. Sources said, as per the Centre's proposal for moving the GST system to a two-tier rate structure of 5 and 18 per cent and a 40 per cent slab for a select few items, automobiles will be placed in a slab to put an end to disputes arising due to the classification of cars by engine capacity and length. A lower GST rate will boost demand and sales, as cars will become affordable. Thereby boosting consumption, a key idea behind the GST overhaul proposal mooted by the Centre. The Centre's proposal, which includes doing away with the 12 and 28 per cent slab, will be discussed by the Group of Ministers (GoM) on GST rate rationalisation on August 21. Thereafter, the GST Council, comprising the Centre and state finance ministers, will likely meet next month and approve the final GST rate structure. Currently, GST is a four slab structure of 5, 12, 18 and 28 per cent, where essential items are either taxed at nil or a 5 per cent rate and luxury and sin goods are at 28 per cent slab. The Centre has proposed to the rate rationalisation GoM to have only 2 slabs in GST -- 5 and 18 per cent -- and a 40 per cent rate only for a select few goods. Sources said the 40 per cent rate would apply to 5-7 goods.
News18
an hour ago
- News18
Proposed GST rate tweaks on automobiles to end classification disputes
Agency: PTI New Delhi, Aug 17 (PTI) In upcoming sweeping reforms, the GST on automobiles – currently in the highest tax bracket – will be restructured to resolve classification disputes related to engine capacity and vehicle size, ultimately benefiting the common man, according to government sources. Presently, automobiles are taxed at 28 per cent, which is the highest GST slab. A compensation cess, ranging from 1 to 22 per cent, is levied on top of this rate, depending on the type of vehicle. The total tax incidence on cars, depending on engine capacity and length, ranges from 29 per cent for small petrol cars to 50 per cent for SUVs. Electric vehicles are taxed at a 5 per cent rate. Sources said, as per the Centre's proposal for moving the GST system to a two-tier rate structure of 5 and 18 per cent and a 40 per cent slab for a select few items, automobiles will be placed in a slab to put an end to disputes arising due to the classification of cars by engine capacity and length. A lower GST rate will boost demand and sales, as cars will become affordable. Thereby boosting consumption, a key idea behind the GST overhaul proposal mooted by the Centre. The Centre's proposal, which includes doing away with the 12 and 28 per cent slab, will be discussed by the Group of Ministers (GoM) on GST rate rationalisation on August 21. Thereafter, the GST Council, comprising the Centre and state finance ministers, will likely meet next month and approve the final GST rate structure. Currently, GST is a four slab structure of 5, 12, 18 and 28 per cent, where essential items are either taxed at nil or a 5 per cent rate and luxury and sin goods are at 28 per cent slab. The Centre has proposed to the rate rationalisation GoM to have only 2 slabs in GST — 5 and 18 per cent — and a 40 per cent rate only for a select few goods. Sources said the 40 per cent rate would apply to 5-7 goods. PTI JD VJ BAL BAL view comments First Published: August 17, 2025, 12:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
an hour ago
- Mint
Sebi plans review of MTF margin rules to streamline risk management
New Delhi, Aug 17 (PTI) Markets regulator Sebi is looking to review the margin framework under margin trading funding (MTF) in a bid to streamline risk management at clearing corporations. In its annual report for 2024-25, Sebi said a "comprehensive review exercise is being undertaken with respect to the currently applicable margining framework." Alongside this, a review of MTF and the scrips eligible under it is also under consideration. Margin trading lets investors buy shares even if they do not have the full amount. They can purchase shares by paying only part of the price, while the rest is covered through a margin deposited in cash or as shares kept as collateral. In addition to the review of margin rules, Sebi is also considering changes to the regulatory framework for angel funds. The review will focus on fundraising processes, investment conditions, and operational aspects, with the objective of facilitating ease of doing business and streamlining regulatory requirements. Angel funds play a pivotal role in channelizing the capital of angel investors to startups in need of funding. Sebi has further proposed to review the classification of REITs and InvITs as hybrid instruments. This move comes in response to representations from various stakeholders, the presence of equity-like features in these instruments, the development of the market ecosystem over the last decade, and global practices. A review of the regulatory framework for mutual funds is also on the cards, aimed at ensuring that the regulations remain effective, adaptable, and aligned with the evolving market landscape. As part of this, Sebi is examining the restrictions presently prescribed for asset management companies (AMCs), after receiving feedback from the mutual funds industry, including the AMFI. In line with these efforts, Sebi intends to expand the range of permissible investment strategies under Specialised Investment Funds (SIFs). At present, SIFs allow asset management companies to offer a limited set of strategies across equity, debt, and hybrid categories. Introduced to bridge the gap between mutual funds and portfolio management services (PMS) in terms of portfolio flexibility, the SIF framework requires investors to commit at least ₹ 10 lakh across all SIF strategies.
