Jaguar Land Rover plans to invest 15 billion pounds in electric push

FILE PHOTO: The Jaguar Land Rover logo is seen at a dealership, following the outbreak of the coronavirus disease (COVID-19), Milton Keynes, Britain, June 1, 2020. REUTERS/Andrew Boyers/File Photo

(Reuters) - British luxury carmaker Jaguar Land Rover (JLR) on Wednesday said it plans to invest 15 billion pounds ($18.65 billion) over the next five years to expand its electric-vehicle offerings.

JLR, which is owned by India's Tata Motors, added that its Halewood plant in Merseyside, UK, will become an all-electric manufacturing facility.

($1 = 0.8042 pounds)

(Reporting by Chandini Monnappa in Bengaluru; Editing by Devika Syamnath)