TATA MOTORS PV (=) : JLR Investor Day: Weak guidance but still with risks

研报英文原文证据摘录

TATA MOTORS PV (=) : JLR Investor Day: Weak guidance but still with risks

Refinitiv

Growth, Reimagined

JLR reiterated its focus on creating house of brands for its products as its magic sauce

leveraging on the distinct identity of Range Rover – Luxury, Defender – Adventure,

Discovery – Family Adventure and Jaguar – Luxury BEVs, aiming to drive revenue

growth and profitability. The company aims to offer an increased propulsion flexibility

with Mild Hybrid EV, Plug-in Hybrid EV, Hybrid EV and BEVs. JLR aims to improve its

product perception through quality, leading to customer loyalty and retention further

leading to reduction in warranty costs. It aims to deliver a differentiated product design

through technological leadership and innovation. With this, it is aiming to deliver

consistent double-digit revenue growth over the next 5 years.

Key strategic shifts:

Pivot towards North America: JLR will be increasing its focus in the North American

markets particularly in the USA, supported by tailored products and strategic

partnerships with Stellantis for technology and product development for its Defender

brand. This will be for manufacturing existing model as well as potential new models.

Increasing penetration of parts and accessories: JLR aims to increase the

accessories, services and parts business gradually to enhance revenue and

profitability, targeting to be in-line with its peers in this business.

Halo and Bespoke offering: The management highlighted high growth potential for

bespoke models which offer custom made products and services for each brand for

ultra-high net worth individuals. For FY27, its orderbook increased by c7x and aims to

consistently grow this business in double-digits (c10%) over the next 5 years as these