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ICICI Direct Report
We attended the virtual Jaguar Land Rover (JLR) investor event, wherein the company expanded upon the implications of its recently unveiled ‘Reimagine' strategy for product portfolio, vehicle architecture, powertrain technology and finances.
We came away enthused by its aggressive push towards electrification with JLR being transformed into all EV brand by 2026 along with first BEV Land Rover to be launched in 2024. JLR also intends to be FCF positive starting FY23 with FY25 seen as net cash (B/S) positive.
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