Tata Motors surges as its arm JLR trims its Jaguar XJ cost by 30%

Tata Motors is currently trading at Rs. 475.45, up by 7.00 points or 1.49% from its previous closing of Rs. 468.45 on the BSE.

The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 36.89% and 7.53% respectively.

Tata Motors’ British-based arm Jaguar and Land Rover (JLR) has pared the cost of the Jaguar XJ by nearly 30% by manufacturing it at its plant in India. This is JLR’s third model being made in India and also the first time that JLR is manufacturing the XJ outside the UK. The car comes in premium and portfolio versions, priced respectively at about Rs 92.10 lakh and Rs 98.69 lakh at ex-showroom Pune. Earlier, Jaguar XJ was bringing in completely built units and assembling them so it was bit costly.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.