The road ahead, for Jaguar, more than Land Rover, is a rocky one. What must it do to survive the decade?
For Jaguar to succeed as a brand, it has to follow the road map established by Thierry Bollore and his predecessor Ralph Speth. But the central issue continues to remain – once known for its stylish, sporty sedans and its penchant for bringing performance to the luxury space, Jaguar is left without a paddle in an SUV-obsessed world
‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] < 0){ $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); //$ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); $ (‘#gainlosstxt_’+articleId).find(‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); } $ (‘#volumetxt_’+articleId).show(); $ (‘#vlmtxt_’+articleId).show(); $ (‘#stkvol_’+articleId).text(resData[stkKey][‘volume’]); $ (‘#td-low_’+articleId).text(resData[stkKey][‘daylow’]); $ (‘#td-high_’+articleId).text(resData[stkKey][‘dayhigh’]); $ (‘#rightcol_’+articleId).show(); }else{ $ (‘#volumetxt_’+articleId).hide(); $ (‘#vlmtxt_’+articleId).hide(); $ (‘#stkvol_’+articleId).text(”); $ (‘#td-low_’+articleId).text(”); $ (‘#td-high_’+articleId).text(”); $ (‘#rightcol_’+articleId).hide(); } $ (‘#stk-graph_’+articleId).attr(‘src’,’//appfeeds.moneycontrol.com/jsonapi/stocks/graph&format=json&watch_app=true&range=1d&type=area&ex=’+stockType+’&sc_id=’+stockId+’&width=157&height=100&source=web’); } } } }); } $ (‘.bseliveselectbox’).click(function(){ $ (‘.bselivelist’).show(); }); function bindClicksForDropdown(articleId){ $ (‘ul#stockwidgettabs_’+articleId+’ li’).click(function(){ stkId = jQuery.trim($ (this).find(‘a’).attr(‘stkid’)); $ (‘ul#stockwidgettabs_’+articleId+’ li’).find(‘a’).removeClass(‘active’); $ (this).find(‘a’).addClass(‘active’); stockWidget(‘N’,stkId,articleId); }); $ (‘#stk-b-‘+articleId).click(function(){ stkId = jQuery.trim($ (this).attr(‘stkId’)); stockWidget(‘B’,stkId,articleId); $ (‘.bselivelist’).hide(); }); $ (‘#stk-n-‘+articleId).click(function(){ stkId = jQuery.trim($ (this).attr(‘stkId’)); stockWidget(‘N’,stkId,articleId); $ (‘.bselivelist’).hide(); }); } $ (“.bselivelist”).focusout(function(){ $ (“.bselivelist”).hide(); //hide the results }); function bindMenuClicks(articleId){ $ (‘#watchlist-‘+articleId).click(function(){ var stkId = $ (this).attr(‘stkId’); overlayPopupWatchlist(0,2,1,stkId); }); $ (‘#portfolio-‘+articleId).click(function(){ var dispId = $ (this).attr(‘dispId’); pcSavePort(0,1,dispId); }); } $ (‘.mc-modal-close’).on(‘click’,function(){ $ (‘.mc-modal-wrap’).css(‘display’,’none’); $ (‘.mc-modal’).removeClass(‘success’); $ (‘.mc-modal’).removeClass(‘error’); }); function overlayPopupWatchlist(e, t, n,stkId) { $ (‘.srch_bx’).css(‘z-index’,’999′); typparam1 = n; if(readCookie(‘nnmc’)) { var lastRsrs =new Array(); lastRsrs[e]= stkId; if(lastRsrs.length > 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .get( “//www.moneycontrol.com/mccode/common/rhsdata.html”, function( data ) { $ (‘#backInner1_rhsPop’).html(data); $ .ajax({url:url, type:”POST”, dataType:”json”, data:{q_f:typparam1,wSec:secglbVar,wArray:lastRsrs}, success:function(d) { if(typparam1==’1′) // rhs { var appndStr=”; var newappndStr = makeMiddleRDivNew(d); appndStr = newappndStr[0]; var titStr=”;var editw=”; var typevar=”; var pparr= new Array(‘Monitoring your investments regularly is important.’,’Add your transaction details to monitor your stock`s performance.’,’You can also track your Transaction History and Capital Gains.’); var phead =’Why add to Portfolio?’; if(secglbVar ==1) { var stkdtxt=’this stock’; var fltxt=’ it ‘; typevar =’Stock ‘; if(lastRsrs.length>1){ stkdtxt=’these stocks’; typevar =’Stocks ‘;fltxt=’ them ‘; } } //var popretStr =lvPOPRHS(phead,pparr); //$ (‘#poprhsAdd’).html(popretStr); //$ (‘.btmbgnwr’).show(); var tickTxt =’‘; if(typparam1==1) { var modalContent = ‘Watchlist has been updated successfully.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //var existsFlag=$ .inArray(‘added’,newappndStr[1]); //$ (‘#toptitleTXT’).html(tickTxt+typevar+’ to your watchlist’); //if(existsFlag == -1) //{ // if(lastRsrs.length > 1) // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exist in your watchlist’); // else // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exists in your watchlist’); // //} } //$ (‘.accdiv’).html(”); //$ (‘.accdiv’).html(appndStr); } }, //complete:function(d){ // if(typparam1==1) // { // watchlist_popup(‘open’); // } //} }); }); } else { var disNam =’stock’; if($ (‘#impact_option’).html()==’STOCKS’) disNam =’stock’; if($ (‘#impact_option’).html()==’MUTUAL FUNDS’) disNam =’mutual fund’; if($ (‘#impact_option’).html()==’COMMODITIES’) disNam =’commodity’; alert(‘Please select at least one ‘+disNam); } } else { AFTERLOGINCALLBACK = ‘overlayPopup(‘+e+’, ‘+t+’, ‘+n+’)’; commonPopRHS(); /*work_div = 1; typparam = t; typparam1 = n; check_login_pop(1)*/ } } function pcSavePort(param,call_pg,dispId) { var adtxt=”; if(readCookie(‘nnmc’)){ if(call_pg == “2”) { pass_sec = 2; } else { pass_sec = 1; } var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .ajax({url:url, type:”POST”, //data:{q_f:3,wSec:1,dispid:$ (‘input[name=sc_dispid_port]’).val()}, data:{q_f:3,wSec:pass_sec,dispid:dispId}, dataType:”json”, success:function(d) { //var accStr= ”; //$ .each(d.ac,function(i,v) //{ // accStr+=”+v.nm+”; //}); $ .each(d.data,function(i,v) { if(v.flg == ‘0’) { var modalContent = ‘Scheme added to your portfolio.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //$ (‘#acc_sel_port’).html(accStr); //$ (‘#mcpcp_addportfolio .form_field, .form_btn’).removeClass(‘disabled’); //$ (‘#mcpcp_addportfolio .form_field input, .form_field select, .form_btn input’).attr(‘disabled’, false); // //if(call_pg == “2”) //{ // adtxt =’ Scheme added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //else //{ // adtxt =’ Stock added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //$ (‘#mcpcp_addprof_info’).css(‘background-color’,’#eeffc8′); //$ (‘#mcpcp_addprof_info’).html(adtxt); //$ (‘#mcpcp_addprof_info’).show(); glbbid=v.id; } }); } }); } else { AFTERLOGINCALLBACK = ‘pcSavePort(‘+param+’, ‘+call_pg+’, ‘+dispId+’)’; commonPopRHS(); /*work_div = 1; typparam = t; typparam1 = n; check_login_pop(1)*/ } } function commonPopRHS(e) { /*var t = ($ (window).height() – $ (“#” + e).height()) / 2 + $ (window).scrollTop(); var n = ($ (window).width() – $ (“#” + e).width()) / 2 + $ (window).scrollLeft(); $ (“#” + e).css({ position: “absolute”, top: t, left: n }); $ (“#lightbox_cb,#” + e).fadeIn(300); $ (“#lightbox_cb”).remove(); $ (“body”).append(”); $ (“#lightbox_cb”).css({ filter: “alpha(opacity=80)” }).fadeIn()*/ $ (“#myframe”).attr(‘src’,’https://accounts.moneycontrol.com/mclogin/?d=2′); $ (“#LoginModal”).modal(); } function overlay(n) { document.getElementById(‘back’).style.width = document.body.clientWidth + “px”; document.getElementById(‘back’).style.height = document.body.clientHeight +”px”; document.getElementById(‘back’).style.display = ‘block’; jQuery.fn.center = function () { this.css(“position”,”absolute”); var topPos = ($ (window).height() – this.height() ) / 2; this.css(“top”, -topPos).show().animate({‘top’:topPos},300); this.css(“left”, ( $ (window).width() – this.width() ) / 2); return this; } setTimeout(function(){$ (‘#backInner’+n).center()},100); } function closeoverlay(n){ document.getElementById(‘back’).style.display = ‘none’; document.getElementById(‘backInner’+n).style.display = ‘none’; } stk_str=”; stk.forEach(function (stkData,index){ if(index==0){ stk_str+=stkData.stockId.trim(); }else{ stk_str+=’,’+stkData.stockId.trim(); } }); $ .get(‘//www.moneycontrol.com/techmvc/mc_apis/stock_details/?sc_id=’+stk_str, function(data) { stk.forEach(function (stkData,index){ $ (‘#stock-name-‘+stkData.stockId.trim()+’-‘+article_id).text(data[stkData.stockId.trim()][‘nse’][‘shortname’]); }); }); function redirectToTradeOpenDematAccountOnline(){ if (stock_isinid && stock_tradeType) { window.open(`https://www.moneycontrol.com/open-demat-account-online?classic=true&script_id=$ {stock_isinid}&ex=$ {stock_tradeType}&site=web&asset_class=stock&utm_source=moneycontrol&utm_medium=articlepage&utm_campaign=tradenow&utm_content=webbutton`, ‘_blank’); } }
Jaguar Land Rover’s never-ending woes lie exacerbated by the swift departure of Thierry Bollore. Bollore’s resignation comes at a time when the brand is already besieged with a semiconductor chip shortage and sales and supply chain disruptions brought-on by the COVID-19 pandemic.
Hired in 2020, Bollore was considered the perfect candidate for the role given his three-decade long career in the automotive industry managing suppliers and then later, serving as CEO of Renault. His appointment injected the brand with a mix of renewed vigour and a hint of caution, particularly Jaguar which was still being overhauled.
Soon he ushered in the “Reimagine” project – which, among other things dictated a radical reimagining of Jaguar as an all-electric carmaker. One that intended to start from scratch instead of electrifying its existing hits like its flagship XJ sedan, which was guillotined under Bollore’s stewardship.
Also Read | India’s EV sector in 2022: an overview
Jaguar’s electrification journey had already begun before Bollore’s appointment, with the likes of the i-Pace – a car that was globally well-received and considered a fitting legacy carmaker rebuttal to the likes of Tesla.
The BMW-developed i-Pace was indicative of Jaguar’s approach but also of its deepening identity crisis. With short overhangs, it had the attributes of a sports car married to an SUV – Jaguar’s attempt at pandering to both types of customer, and ultimately, achieving neither. Its ride height could be calibrated to make it more sports-car like or SUV-like. The result was an immensely capable mongrel of a car – one which was praised for its engineering, prompting Jaguar to launch other petrol-powered SUVs and crossovers, despite i-Pace not being a sales hit.
The SUVs, of course, began cannibalising sales of Land Rovers prompting the newly appointed CEO Bollore to step-in like a stern parent and separate the two brands’ roles. Under the “Reimagine” campaign, SUVs were to exclusively be the domain of Land Rover while Jaguar was to find a new identity. This meant that not only would the type of car Jaguar would make be reconsidered, Bollore also wanted the brand to rethink which spectrum of the luxury band Jaguar would operate in, suggesting that it move up a notch and compete with the likes of Bentley and even Rolls Royce. Selling fewer numbers but accruing greater profits.
Also Read | The world’s most luxurious EV is here
Then came a pandemic which, apart from hampering sales, brought huge supply chain constrictions. Things took a turn for the worse with the Russia-Ukraine war and suddenly, Bollore’s plan, which was deemed “ambitious” and “optimistic” in pre-Covid times, seemed even more so in present-day context.
Even after recovering from a sales slump brought on by the early months of the COVID-19 pandemic, JLR accrued losses of £868 million (after Bollore injected £1.5 billion into the Reimagine project). Instead of having the aspirational quality of a Bentley or a Rolls Royce and the numbers of BMW, Jaguar is now saddled with the opposite formula.
And while Land Rover’s post-pandemic recovery has been steady, Bollore’s £1.5 billion write down pushed the company in the red, as it would have otherwise recorded a profit of £660 million by the end of March 2021. The loss inadvertently precipitated Bollore’s departure from the brand, even though he couldn’t possibly be blamed for external factors that helped bring about such a situation.
This fiscal year, it was the Range Rover to the rescue. Both the HSE and the Sport model saw healthy demand, and along with the Defender, accounted for 145,000 of the total 205,000 units sold by JLR this fiscal year. But the fact remains, that despite the bump in sales brought-on by new Range Rover models, JLR sales stood at 88,121 units in the July to September quarter, compared to the 92,710 units sold in the same period last year, as per Fortune India.
Also Read | The Drive Report: 2022 Range Rover Review
With an all-electric Range Rover scheduled for 2024, Land Rover has a much smoother road to tread, unlike Jaguar whose plant in UK again suspended production on November 25, due to chip shortages; and Jaguar, having no high margin product like Land Rover (Range Rover LWB Autobiography and SV being chief of them), must relinquish chip utilisation to the latter.
Much has been speculated about the future of Jaguar. Some have predicted, prematurely, that Tata Motors wishes to divest itself from the brand. Others have predicted the likes of China’s GEELY stepping-in and taking over things. Neither of those rumours have held true thus far.
Before leaving, Bollore pointed at the need to find an external partner for Jaguar, although that isn’t even remotely viable financially. Thus far, Jaguar only has i-Pace to show off its EV-making prowess, and it did that with the help of BMW, with the manufacturing of the car taking place not at its UK plant, but elsewhere.
For JLR to succeed as a brand, it has to follow the road map established by Bollore and his predecessor Ralph Speth. But the central issue continues to remain – with Land Rover having a strong-SUV focus, Jaguar, once known for its stylish, sporty sedans and its penchant for bringing performance to the luxury space, is left without a paddle in an SUV-obsessed world. The next five years will prove to be a make-or-break moment for the brand, and it will be a bumpy road.
Tata Motors is unlikely to sell it to a Chinese party, and will likely give the Jaguar conundrum a final crack. Bollore, in his zeal, chose to rebuild and rebrand Jaguar. But perhaps the answer for Jaguar lies in connecting to its roots instead of running away from them. It may not have the software or the powertrain components just yet, but as a legacy maker, Jaguar has an illustrious history of exceptional, sensational design, motorsport pedigree and performance. And while its ICE performance cannot accompany it to the future, its design and aura can.
In a world where start-ups like Lucid and Rimac are attempting to capture audience interest with sedans and super cars, respectively, the most sensible course of action for Jaguar is to distinguish itself by being exclusively being a maker of exceptionally styled sedans and ultra-niche electric super cars. Anything else would be a wasted opportunity.
