Latest news with #ReimagineStrategy
TimesLIVE
5 days ago
- Automotive
- TimesLIVE
PB Balaji succeeds Adrian Mardell as new CEO of JLR
Jaguar Land Rover (JLR), the British arm of Tata Motors, has appointed PB Balaji as CEO from November 2025. He succeeds Adrian Mardell, who retired after three years as CEO and 35 years with the company. Balaji has served as the group CFO of the Tata Motors Group since November 2017 and has 32 years of experience in the automotive and consumer goods industries, across finance and supply chain functions. He has led global teams in multicultural environments in Mumbai, London, Singapore and Switzerland, and has been closely associated with the successful transformation of the Tata Motors Group. Tata chair Natarajan Chandrasekaran said: 'I would like to thank Adrian for the stellar turnaround of JLR and for delivering record results. I am delighted to appoint Balaji as the incoming CEO of the company. He has been associated with the company for many years and is familiar with the company, its strategy and has been working with the JLR leadership team.' During Mardell's tenure, JLR posted its highest profit in a decade, eliminated £5bn (R118.8bn) in debt and posted its strongest operational performance to date. It also made progress in its Reimagine Strategy, which aims to transform the company into a modern luxury business focused on sustainability and electrification. It involves reimagining both the Jaguar and Land Rover brands, with Jaguar becoming an all-electric luxury brand and Land Rover to launch electric variants. Jaguar has a new logo and has undergone a dramatic styling renaissance. Its first new-generation electric vehicle (EV), based on the recently revealed Vision Type 00 concept car, is due to be unveiled later this year.
BBC News
30-01-2025
- Automotive
- BBC News
Jaguar Land Rover plans major Wolverhampton business park expansion
Car giant Jaguar Land Rover (JLR) has submitted plans to expand its Wolverhampton site on the i54 Business proposed development is part of the manufacturer's recent announcement to ramp up electric production and be "carbon net zero across supply chains, products and operations by 2039".The Electric Propulsion Manufacturing Centre, near the M54, is described as a "key" site in application documents submitted to South Staffordshire firm said the new space would surpass 6,000 sq m and support the manufacture of electric drive units and battery packs. There would be some demolition work and external landscaping as part of the work was already under way nearby for a new building and ancillary offices after planning consent was granted in 2019, the plans said said in planning documents that to meet its all-electric goals, significant investment was required."As part of JLR's journey to become a net zero carbon business by 2039, the company is transitioning to produce all-electric vehicles by 2030 as part of its Reimagine Strategy. "This shift to electric vehicles within the manufacturing process has ultimately resulted in new requirements in terms of space and facilities."Significant investment is required to upgrade the existing facilities and meet the new space requirements."In November JLR announced it had stopped selling new Jaguar cars in the UK ahead of a relaunch as an electric-only brand in first car within the new brand will be a four-door GT built in Solihull, West Midlands. Follow BBC Wolverhampton & Black Country on BBC Sounds, Facebook, X and Instagram.
