Ratan Tata - Cyrus Mistry Spat Will Not Impact Jaguar Land Rover’s Business

Jaguar Land Rover stated that the developments of the Tata Sons will not impact its business.

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Jaguar Land Rover's business will not get affected by the developments of Tata Sons. This was stated by JLR Chief Executive Ralf Speth.

Ralf Speth was nominated to the board of group holding company, Tata Sons. Speth did not want to get involved in any controversy regarding the ousted Chairman of Tata Sons, Cyrus Mistry.

Speth said. "We do our business in a very professional way. We continue to focus on JLR and drive it to very best. At the end of the day, we also want to contribute to the group and Tata Sons."

Jaguar Land Rover accounts for more than 90 percent in the total sales volume of Tata Motors and the company earns 95 percent profit from British car maker.

Speth was speaking on the sidelines of the unveiling of the I-Pace electric sports car, he said Jaguar Land Rover will focus more on the alternative powertrains.

Speth said. "At the end of 2020, we will have 40% of our vehicles with an element of autonomy, connectivity and with electrification element."

The I-Pace which was revealed at the Los Angeles Auto Show, when launched it will go head on against the likes of Tesla in the US market. The I-Pace will be launched in 2018.

The electric car I-Pace has generated a lot of interest among the worldwide markets including the UK. JLR feels that the if the I-Pace is launched now they will fall short of capacity to meet the demands.

Commenting on the future of electric cars Speth said, "We see a tipping point at the moment. So far, OEMs (original equipment makers, or automakers) only developed vehicles to just meet regulations. That time is gone. Meanwhile, the customer is also going in that direction of electrification. Therefore it is quite clear, there is a shift."

via ETAuto

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Story first published: Monday, November 21, 2016, 9:44 [IST]
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