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JLR's first EV to launch in India next year

Rajan Amba said the company will also launch the new Jaguar GT next year. These vehicles will be launched at different times. He added that this is the right time for the company to enter the Indian EV market and that the future belongs to EVs. JLR India currently does not have any electric vehicles. However, the company is encouraged by the growth seen in the EV market over the past year, both in premium and more affordable segments.Jaguar Land Rover plans to initially import these electric models to gauge market response. "We've seen brands in more affordable segments benefit, and I think we should benefit significantly," Amba said. He added that it's too early to draw conclusions about the response to JLR's electric vehicles in India, as this is the company's first entry into this segment.In addition to launching electric vehicles, JLR is looking to strengthen its presence in India by expanding its retail network and improving customer reach. Amba said the company expects to increase the number of retail centers to 40 by the end of this year, up from 25 a year agoOn the impact of the India-UK FTA, he said the company has seen an increase in demand after prices of some models were reduced. Regarding the Defender brand, Amba indicated that JLR expects orders to increase by around 20 percent from current levels due to local manufacturing. He clarified that this estimate is only for the Defender brand. Amba stressed that the company aims to pass on the benefits of local manufacturing to customers, as it did earlier with the local manufacturing of the Range Rover.
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