TTM - Tata Motors unit JLR going all electric appoints Marc Llistosella as CEO

Tata Motors (TTM) wholly owned subsidiary Jaguar Land Rover aims to become a net zero carbon business by 2039.Land Rover to produce six pure electric variants in the next five years, with the first all-electric variant to arrive in 2024.Jaguar Land Rover is on a path towards double-digit EBIT margin and positive cash flow, with an aim to achieve positive cash net-of-debt by 2025 with a value creation approach delivering quality and profit over-volume.Jaguar and Land Rover will offer pure electric power, nameplate by nameplate, by 2030. In addition to 100% of Jaguar sales, it is anticipated that around 60% of Land Rovers sold will be equipped with zero tailpipe powertrains.Annual commitments of circa £2.5B will include investments in electrification technologies and the development of connected services to enhance the journey and experiences of customers, alongside data-centric technologies that will further improve their ownership ecosystem.In another event, Tata Motors (TTM) appoints

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Tata Motors unit JLR going all electric, appoints Marc Llistosella as CEO