New Delhi: Tata-owned Jaguar Land Rover is mulling over building all its future cars with light weight aluminium bodies for reducing input costs as the two British marquees are trying hard to come out of the more than Rs1,700 crore loss in 2008-09.
The two iconic brands are also developing hybrid engines for use in future models of JLR.
“JLR is planning to have all its future cars constructed with light weight aluminum bodies resulting in considerable savings in weight, and reduction in CO2 emissions,” Tata Motors chairman Ratan Tata said in its annual report for 2008-09.
Two British marquee had made a loss of over Rs1,777.35 crore (before interest, exceptional items and tax) in 2008-09 due to global meltdown, while the income from JLR sales stood at Rs39,270.70 crore. It had laid off over 2,200 staff.
Tata said the sales of Jaguar and Land Rover declined by 20% and 51% respectively during the October- March period of the last financial year.
“The main challenge in JLR will be to sustain operations through this difficult period arising from the global financial meltdown. There is good reason to believe that the company’s new products and more aggressive marketing will see the company through this period,” he added.
Tata further said JLR would undertake a “change” from some of the traditional practices with a “commitment” to encourage change and to cut costs reduction and reduce development and production time.
On new technology, Tata said, “Important new technology development programmes at JLR include the development of a hybrid powertrain which will be introduced in future models of Jaguar and Land Rover.”
JLR has recently launched the new premier sedan XJ from Jaguar stable, deliveries of which would start from next year.
Tata also said new models of Land Rover would be introduced in coming years.
“Several new models are under development and will be released in the market in the coming years. These will widen the project range and re-energise the range,” he added.
Tata Motors had last year acquired JLR from US carmaker Ford Motor for $2.3 billion.