Post by JLR

Today we announced plans to unlock double-digit revenue growth by giving markets and customers more choice through greater propulsion flexibility on our future Range Rover and Defender models built at Halewood, UK and refocusing our strategic intent on the North America market.     In an update to investors at our headquarters in Gaydon, UK, Chief Executive Officer PB Balaji outlined the next delivery phase of our #Reimagine strategy, which will focus on maximising the strength of the company’s House of Brands, growth and building resilience.    We also reconfirmed our existing five-year commitment to invest £18bn in future technologies, vehicle platforms and transformation by FY29 (starting FY24), as we drive growth in a flexible propulsion, software and AI-defined era.     Highlights include: ➡️ Range Rover, Defender and Land Rover Discovery brands will offer the choice of MHEV, HEV, PHEV or BEV, while Jaguar will be uniquely Electric  ➡️ Forthcoming new product launches include Range Rover Electric, Range Rover Sport Electric and Jaguar Type 01, followed by further new additions to the Range Rover and Defender brands on JLR’s new Electrified Modular Architecture (EMA) ➡️ Flexibility planned to be added to future vehicles built on EMA at Halewood, UK through a full Hybrid Electric Vehicle (HEV) option   ➡️ Growth agenda to be accelerated with increased focus on North America. ➡️ Recently announced collaboration with Stellantis to explore delivery of new products for the Defender brand specifically designed for the US market ➡️ Enterprise missions to drive cost reductions of £1.7 billion to reduce breakeven towards 300,000 units over the next two years ➡️ Plans underway to build resilience in every aspect of the business to drive predictability, speed and agility    Find out more about the latest developments in our Reimagine strategy and our transformation growth plans: https://lnkd.in/e9aUm45x #GrowthReimagined #JLR #LuxuryAutomotive