Tuesday, April 16

Tag: Jaguar

Jaguar Reveals its First Electric Car I-Pace
News

Jaguar Reveals its First Electric Car I-Pace

While the automotive industry is gearing up for next Electric Vehicle boom in the world, luxury vehicle brand of Indian Tata Motors, Jaguar has finally unveiled its first production electric vehicle-the I-Pace. It is interesting to note that Jaguar had first showcased the iPace concept in 2016 and now in 2018, the production-spec version of the all-electric SUV has is nearing its global debut in a couple of days at the 2018 Geneva Motor Show. Jaguar had been extensively testing the car and in fact, the design, according to Ian Callum, Jaguar Director of Design, 'is developed by using physics'. As per auto experts, the new electric vehicle will amp up competition for rival Tesla Model X. The company has confirmed that it has successfully tested the SUV across Europe in temperatures ra...
Tata Owned Jaguar Unit Invests $25 Million in Lyft
FUNDING

Tata Owned Jaguar Unit Invests $25 Million in Lyft

Tata Motors-owned Jaguar Land Rover (JLR) has invested USD 25 million (over Rs 160 crore) in Lyft, the fastest-growing rideshare company in the US. The investment by InMotion Ventures, a part of JLR, will support Lyfts expansion and technology plans, the UK-based luxury carmaker said in a statement. The initiative will also provide InMotion Ventures with the opportunity to develop and test its mobility services, including autonomous vehicles, and to supply Lyft drivers with a fleet of Jaguar and Land Rover vehicles, it added. "This is a strategic investment for both parties as we focus on innovating new mobility solutions for our customers. Collaborating with an expanding technology business like Lyft is going to help us both accelerate our ambitions," JLR Executive Director of Co...