Tata group is looking for new partners for luxury vehicle Jaguar Land Rover (JLR). Investors are looking for money and technology to develop electric vehicles (EVs) and reduce costs.
German carmaker BMW and China’s Zhejiang Geely Holding Group have been approached. Reports say they are in talks with them. However, BMW and Geely Holdings have yet to officially confirm this.
Cooperation with automakers will help JLR in the Indian market. JLR hopes to take back the Chinese market by joining hands with Geely. Assuming.
BMW is the best. The alliance aims for electric vehicle technologies and advanced engines. JLR has announced that it will be launching electric vehicles in all variants by 2020. Had already been informed.
One of the challenges that partners are facing is the financial crisis of JLR. But the company has invested $ 91 billion in capital to solve the problem.