Tata Motors-owned Jaguar Land Rover (JLR), which has decided to electrify all its vehicles from 2020, has said the move could drag its margins but the company is working to overcome it through cost saving steps. Commenting on how the company saw margins on electric vehicles, he added, "They bring challenges. In September this year, JLR had announced that from 2020 all of its new vehicles will be electrified. The company plans to have a portfolio of electrified vehicles across its model range, ranging from fully electric and plug-in hybrid to mild hybrid vehicles. "We set about finding cost efficiencies across our business material cost efficiencies and other efficiencies as well as hoping to benefit from the efficiencies and scale as our business gets bigger," Gregor said.

Source: Economic Times December 03, 2017 05:37 UTC