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By Khris Bharath –  August 06, 2025

Leadership Shift at JLR: PB Balaji to Succeed Adrian Mard...

In a pivotal leadership shift, Jaguar Land Rover (JLR) has appointed PB Balaji as its next Chief Executive Officer, effective November 2025. This move signals a new chapter for the British automaker as it navigates the high-stakes transition to electrification and global brand reinvention across both its brands. Balaji, currently Group CFO at TATA Motors (since 2017), steps into the role following Adrian Mardell’s recent announcement to retire after a remarkable 35-year tenure. Mardell’s retirement had been long in the works, with the JLR board quietly searching for a successor for months. JLR’s parent company and TATA Sons Chairman Natarajan Chandrasekaran praised Mardell for delivering record results and restoring financial stability after years of post-pandemic losses and record sales numbers in 2024. Land Rover in particular has seen strong numbers, posting its best annual profits in nearly a decade. Under Mardell’s leadership, JLR leaned hard into its high-margin flagship models like the Range Rover and ever-popular Defender, pushing towards a 10% profit margin by 2026. But by far, his boldest move was initiating the Jaguar reboot with the radical Type 00 concept that first broke cover in December last year at Miami Art Week. Mardell called the prototype “the most fun I’ve had” behind the wheel at JLR in an interview with Autocar UK, and said he expects long waitlists when the car launches in 2026. The upcoming all-electric super-GT that will debut around the time Balaji assumes office, that is, towards the end of 2025. Meanwhile, Balaji brings 32 years of global experience, having operated across TATA’s hubs in Mumbai, Singapore, London, and Switzerland. He will inherit a company in better shape, but far from impending challenges. Tariff pressures in the United States loom large, especially with only 100,000 U.K.-built cars allowed in at the reduced 10% rate before a harsh 25% tariff kicks in. “This is my privilege. I’ve grown to know and love this company. Now it’s time to help it soar.” -  PB Balaji, CEO JLR European-built JLR models, such as the Defender and Discovery from Slovakia, still face a 15% levy when exported to North America, based on the recently announced new U.S.-E.U. trade agreement. Then there’s the uphill climb of electrification. While Jaguar’s EV strategy remains on track, the much-hyped Range Rover Electric to up to 300 miles of driving range, has quietly slipped into 2026, as demand softens globally for premium EVs. It remains to be seen how JLR adapts in the evolving global automotive landscape and if more hybrid models are on the cards. View All Jaguars For Sale View All Land Rovers For Sale Source: JLR Corporate

By Jordan Aquistapace –  May 10, 2024

Jaguar Land Rover (JLR) Reports Record Sales Results For ...

Jaguar Land Rover (JLR) has once again proved its positioning in the automotive industry, reporting record-breaking revenue of $36.3 billion for the fiscal year ending March 31, 2024 (FY24). The fourth quarter alone saw revenue soar to $9.9 billion, marking an 11% increase compared to Q4 FY23 and a 6% rise from Q3 FY24. JLR's stellar performance is highlighted by a profit before tax and exceptional items (PBT) of $2.75 billion for FY24, the highest since FY15. In the fourth quarter alone, PBT stood at an impressive $827 million, up from $460 million in the same period the previous year. Profitability reflects increased volumes and reduced material costs, offset by heightened marketing spend. Additionally, free cash flow reached a record $2.9 billion for FY24, with $1.1 billion generated in Q4 alone. This solidifies JLR's financial position, with net debt reduced to $880 million by the end of FY24. The brand's success comes thanks to sustained global demand for its luxury, particularly the Range Rover and Defender brands. The Range Rover Electric, launched in December 2023, has seen significant interest with over 28,700 sign-ups to the waiting list. JLR remains focused on sustaining its order book, which stood at approximately 133,000 vehicles at the end of FY24, comprising of Range Rover, Range Rover Sport, and Defender models. Adrian Mardell, CEO of JLR, expressed appreciation to his clients, employees, suppliers, and partners for their contributions to the company's success. He emphasized JLR's dedication to delivering modern luxury electric vehicles and enhancing the overall client experience as part of its ongoing Reimagine strategy. View all Jaguar and Land Rover models for sale on duPont REGISTRY by clicking the link below. View All Jaguar For Sale View All Land Rover For Sale Source: Jaguar Land Rover (JLR)

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