Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has entered into a strategic partnership with Wolfspeed Inc for supply of silicon carbide semiconductors for next generation electric vehicles. Under the partnership, Jaguar Land Rover will use Wolfspeed's advanced silicon carbide technology specifically in the vehicles' inverter, managing transfer of power from battery to electric motors.
The first Range Rover vehicles with this advanced technology will be available from 2024, and the new all-electric Jaguar brand the following year. JLR will participate in the 'Wolfspeed assurance of supply program' to secure the supply of this technology for future electric vehicle production needs in order to enable greater visibility and control over JLR's future supply chain.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 344.65 |
| Maruti Suzuki | 13586.00 |
| Mahindra & Mahindra | 3300.75 |
| Hyundai Motor India | 1829.50 |
| Mercury Metals | 32.00 |
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