JLR to start manufacturing cars at Tamo's new plant in Tamil Nadu with early 2026 | Mint

Tata Motors Ltd possession Jaguar Land Rover (JLR) will start the production of its vehicles at the new plant in Tamil Nadu by early 2026, an official from the top company said Tuesday. JLR will look at the composition of completely closed (CKD) units at the new plant in Panapakkam in Tamil Nadu, which is expected to attract more than £ 9,000 crore investment of Tata Motors. “We have all the CKD operations currently at Pune. Over a period of time we will probably migrate it there (the TN facility),” PB Balaji, CFO of the group at Tata Motors, told reporters in Mumbai. The plant, whose construction began in September 2024, will be used to make Tata cars and JLR cars with an annual production capacity of more than 250,000 vehicles. The seller of luxury cars such as Defender and Range Rover first collected the units of his Land Rover Freelander 2 model in the country in May 2011 in Pune. In 2024, the company began the local meeting of its Range Rover and Range Rover Sport models at the Pune plant to expand its presence in the country and lower prices. While importing fully built units of cars currently attracts about 110% rates, the units of fully knocked down only 16.5% effective rates. JLR, acquired by Tata Motors for $ 2.8 billion in 2008, achieved its highest retail sales in the country over the past financial year. The company’s sales increased by 40% to reach 6.183 cars, with the quarter of January March a growth of 110% to 1,793 car sales. The top-selling cars in the country include defender, Range Rover and Range Rover Sport. Although it does not currently make the defense models in the country, JLR CFO Richard Molyneux said during the last earnings call on May 13 that “plans are underway to compile the cars locally”. The bid to expand the presence in India comes at a time when JLR faces challenges in the global markets. During the investor day held on June 16, JLR said he reduced its earnings before interest and tax margin leadership to 5-7% in FY26 from the earlier specified 10% due to the impact of US rates and slowdown in the Chinese market. Tax profits also fell 30% in FY25 to 1.8 billion pounds from 2.6 billion pounds in FY24. Meanwhile, the country’s luxury car market has continued to grow, powered by demand for premium vehicles. In FY25, luxury car sales in the country touched a high of 51,000 units. With his local meeting last year leading up to £ 44 Lakh for its models, JLR managed to ward off Audi India from third position. The British company accounts for 71% of the total turnover of Tata Motors and 79% of its total profits.