Jaguar-Land Rover (JLR) expects 4,500-unit volume-mark this fiscal year and increase market share to...

It had already sold 2,942 units in the first nine months of 2017 and expects to touch its target. Last year with a volume of under 2,500 units, we had 8-9 per cent of the market pie told Suri JLR Managing director.The 34,000 units per annum in 2016 luxury car market was dominated by the German trio Mercedes-Benz, BMW and Audi, respectively -- and JLR comes at a distant fourth slot.

Ashok Leyland to invest 400-500 crore on Electric Vehicles

Ashok Leyland is looking at investing Rs 400-500 crore in its electric vehicle business over the next three to five years.“We are preparing ourselves for the electric vehicle movement that is going to happen over the next five to 10 years… it’s a question of survival… so (we will invest) at least Rs 400-500 crore over the next three to five years,” Managing Director Dasari said.