Tata Motors-owned Jaguar Land Rover (JLR) will invest "over proportionally" on new products, technologies and facilities to match rivals in the luxury space, according to the company's chief executive Ralf Speth. Over-proportional because we are still in catch up mode," JLR chief executive Ralf Speth told PTI on the sidelines of Geneva Motor Show. When asked if the enhanced investments on engines and electric vehicles would impact profitability, he said: "Yes. Speth said JLR also needs to develop new powertrains and technologies going ahead, which requires a lot of investment. It also means that internal combustion engine has to play a big role in modern mobility," he added.

Source: dna March 18, 2018 06:22 UTC