Jaguar I-PACE, Once Touted As 'Tesla Killer,' To Bow Out In 2025: Report
Portfolio Pulse from Benzinga Neuro
Tata Motors Limited (NYSE:TTM) owned Jaguar has confirmed plans to retire the I-Pace, once touted as a 'Tesla Killer,' by 2025. The official withdrawal dates for the I-Pace and other Jaguar models are still uncertain as the company anticipates the launch of its new model lineup. Jaguar is set to reveal its first new-era car in late 2024 and launch it in 2025. The I-Pace is currently primarily sold in the UK and mainland Europe to help the company comply with emissions targets.
August 18, 2023 | 3:21 am
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Tata Motors' Jaguar brand is retiring the I-Pace by 2025, with the official withdrawal dates still uncertain. The company is set to reveal its first new-era car in late 2024 and launch it in 2025.
The retirement of the I-Pace could have a neutral impact on Tata Motors' stock in the short term. While the I-Pace has been a significant product for Jaguar, the company's announcement of a new model lineup could offset any negative impact. The uncertainty of the withdrawal dates and the anticipation of the new lineup could keep the stock stable in the short term.
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