Skip to content
Search

Latest Stories

Jaguar Land Rover plans to build new electric XJ luxury car in Birmingham

IN a boost to the UK’s auto industry, Britain’s biggest car maker Jaguar Land Rover (JLR) has planned to produce next generation electric cars in Birmingham.

The Indian conglomerate owned JLR’s move is expected to support 2500 workers at the factory.


Tata Motors-owned firm is likely to make an official statement within a few days that Castle Bromwich plant is scheduled to make an eco-friendly version of its luxury XJ saloon, media reports said.

The latest move of the car producer has come amid concerns over Brexit and a decline in demand for JLR vehicles.

Due to hit the roads in 2020, the all-electric XJ will be able to run nearly 300 miles on a single charge.

The model is one of three electric cars planned by Jaguar, with a large SUV coming next.

The latest move by Indian business owned firm to produce the new XJ version at the production facility is not dependent on any government funding and the decision has come when the other automakers worried about the impact of Brexit.

Jaguar already producing an electric vehicle, the I-Pace, at its Magna Steyr plant in Austria.

JLR’s I-Pace, the first pure electric car has been a huge success after it reached the hands of its customers.

The new XJ is seen as more of a competitor to high-end electric marques such as Tesla. Batteries for the electric cars will come from Jaguar’s Hams Hall plant in Birmingham.

The company will make electric vehicles at its Wolverhampton engine production plant.

JLR seeks to save £2.5billion a year amid a steep decline in sales also amid steep fall in sales and Brexit concerns.

More For You

Piyush Goyal

Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)

Getty Images

Trade talks with US moving forward positively, says Indian minister Goyal

INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.

He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less
India’s IT sector

India’s $283 billion IT industry, which contributes more than 7 per cent to the country’s GDP, has for over three decades provided services to major clients including Apple, American Express, Cisco, Citigroup, FedEx and Home Depot.

iStock

India’s IT sector faces uncertainty as US proposes 25 per cent outsourcing tax

INDIA’s IT sector is facing uncertainty as US lawmakers consider a 25 per cent tax on companies using foreign outsourcing services.

Analysts and lawyers said the proposal has led to customers delaying or re-negotiating contracts, raising concerns in India, the world’s largest outsourcing hub.

Keep ReadingShow less
Rachel Reeves

'Our economy isn't broken, but it does feel stuck,' Reeves said, speaking alongside the release of a finance ministry report on business property taxation, known as rates.

Getty Images

Reeves signals possible changes to business property taxes ahead of budget

CHANCELLOR Rachel Reeves said on Thursday she is considering changes to business property taxes to support small firms looking to expand, as part of her plans to boost growth.

Reeves’ comments come ahead of her annual budget on November 26, at a time when concerns about possible tax rises and inflation are weighing on businesses and households.

Keep ReadingShow less