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Tata Motors JLR unveils new luxury SUV

India Global Business Staff

Tata Motors owned Jaguar Land Rover (JLR) has unveiled a new compact luxury SUV, designed, engineered and made in Britain, as a sign of its commitment to the UK car industry. The new Range Rover Evoque, dubbed a “baby” Range Rover, which had its world debut in London on Thursday comes with a £1-billion investment to support its production. The new model, described as a technology revolution by JLR, is priced from around $41,000 and will hit the roads from next year. “Our commitment to UK production remains firm and the new Evoque benefits from a GBP 1 billion investment. With this, we are introducing new technology and Range Rover refinement into the luxury compact SUV segment that the original model created,” said Dr JLR CEO Ralf Speth. “The Range Rover Evoque has been a fundamental driver in Jaguar Land Rover's global success. Since it first rolled off the Halewood production line, we have exported 80 per cent of all we have made,” he said. Order books for the new Range Rover Evoque opened this week, with first deliveries to customers in UK, Europe and US beginning in the first months of 2019. Over £4-billion worth of contracts have been placed with UK companies to support production of the new Evoque, which JLR said was a testament to its continued confidence in the competitiveness of UK suppliers.

In a move that renewed hope in India’s civil aviation circles, and sent waves of optimism in business circles, the Tata Group acquired beleaguered national carrier Air India for $2.4 billion last week. The transaction will be completed by December 2021.

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