Tata Motors Passenger Vehicles Ltd.

Tata Motors’ subsidiary -- Jaguar Land Rover -- has planned investments worth around Rs 1.2 lakh crore over next three years on new models, technology development and capacity addition. The company will launch four new models by FY24. Besides, the company has also lined up a total of 99 different 'product actions' during the time period.

The company’s investments will be for the new models, technology, capacity with significant amount of it on electrification and on a new platform, modular longitudinal architecture (MLA).

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.