Tata Motors, the Mumbai-headquartered automobile company, will invest Rs 43,000 crore in products and technologies in 2024-25. This will slightly exceed the investment of Rs 41.2 billion in FY24.

The British division, Jaguar Land Rover, is expected to take the lion's share of about Rs 35 billion. In FY24, investment in Jaguar Land Rover was around Rs 33,000 crore, while in Tata Motors it was around Rs 8,000 crore.

In FY25, investments in Jaguar Land Rover will rise by about 6 per cent, while Tata Motors will remain stable. BB Balaji, Tata Motors Group CFO, told reporters after earnings.

He added that Jaguar Land Rover's investments are witnessing a revival with the realization of product plans. He said the investment is "related to products and technologies" of JLR and Tata Motors. JLR will launch the Range Rover BEV and Defender Octa in the market this year.

Capital expenditure is expected to reach £3.5 billion in FY25, and JLR is expected to be debt-free, analysts at Sharekhan said. Net in fiscal year 25”. Compared to current net debt of £0.7bn, despite planned capital expenditure of £3.3bn of working capital interest, Jaguar Land Rover may see free cash at breakeven in 1QFY25. Net debt fell to £732 million from £1.57 billion in the October-December quarter. Indian automobile operations are now net debt free, with net debt forecast at consolidated level (auto) reaching the same position in FY25.

Analysts at Motilal Oswal said: “We expect JLR margins to remain stable through FY24-26, given the increasing cost pressures as you invest in demand generation, and the combination of normalization and increase in electric vehicles, which is likely to cushion the margin.” .

Analysts expect the PV business in India to see some momentum with upcoming launches like the Curvv (SUV) later this year and Sierra next year.