An IPO is likely in the cards for JLR, analysts have indicated.
The IPO could help fund future products in Jaguar and Land Rover's pipeline, including the upcoming Land Rover Defender replacement and a new Jaguar sports car.
Tata has done well with both the Jaguar and Land Rover divisions since acquiring the automakers together from former owner Ford Motor Company. Tata paid just $2.5 billion for the two assets, which Ford kept on life support but never had the cash to properly nurture. Tata is set to pump $2.4 billion into the two brands over the next five years for as many as 40 new or heavily revised models, reports Bloomberg.
Collectively, JLR grew 29 percent last year in terms of sales volume, which means the luxury brands are significantly outpacing both the industry and Tata's non-premium passenger car divisions.
