Jaguar, a prestigious British luxury car brand, has long been a symbol of sophistication and high performance. But who owns Jaguar today?
To answer this, we must look at its history, ownership structure, and control. Understanding these details gives insight into the brand’s current position in the automotive industry.
History of Jaguar
Jaguar was founded in 1922 as the Swallow Sidecar Company, producing motorcycle sidecars. It quickly expanded into luxury cars and became known for its elegant design and high-performance vehicles.
In 1945, the company changed its name to Jaguar Cars. Over the decades, the brand became synonymous with British craftsmanship and innovation. Jaguar experienced a series of ownership changes, with key players such as British Leyland and Ford owning the company at various points.
In 2008, Jaguar was acquired by Tata Motors, a major player in the Indian automotive industry, which remains the current owner.
Who Owns Jaguar: Shareholder List
Currently, Jaguar is owned by Tata Motors, a subsidiary of the Indian multinational conglomerate Tata Group. Tata Motors, one of the largest automotive manufacturers in India, acquired Jaguar and Land Rover in 2008 after Ford sold both brands.
The deal marked a significant shift in the ownership of these iconic British automotive brands, with Tata Motors investing in their revival and growth. Tata Motors holds full ownership of Jaguar and its sister brand, Land Rover.
Here’s a list of the major shareholders of Jaguar via its parent company Tata:
| Shareholder Name | Ownership Percentage |
|---|---|
| Tata Sons Private Limited | 43.69% |
| Tata Industries Limited | 2.17% |
| Tata Investment Corporation Limited | 0.33% |
| Ewart Investments Limited | 0.09% |
| Tata Chemicals Limited | 0.06% |
| The Tata Power Company Limited | 0.01% |
| Simto Investment Company Limited | 0.00% |
| Tata Steel Limited | 0.00% |
| Foreign Institutional Investors (FII/FPI) | 18.66% |
| Domestic Institutional Investors (DII) | 16.37% |
| Public Shareholders | 20.44% |
| Government of India | 0.06% |
Tata Sons Private Limited
Tata Sons Private Limited is the largest shareholder of Tata Motors, holding approximately 43.69% of the company’s shares as of March 2024. This stake is part of the Tata Group’s broader ownership structure, which includes various affiliated entities. Tata Sons’ substantial holding provides it with significant influence over Tata Motors’ strategic decisions and operations.
Foreign Institutional Investors (FII)
Foreign Institutional Investors collectively own about 18.66% of Tata Motors’ shares as of December 2024. This category encompasses a range of global investment firms and asset managers. Notable FIIs include:
- BlackRock: A leading global investment management firm, BlackRock holds a significant stake in Tata Motors, contributing to its substantial FII ownership.
- Vanguard Group: As one of the world’s largest asset managers, Vanguard’s investment in Tata Motors adds to the FII’s collective stake.
- State Street Global Advisors: Another major institutional investor, State Street’s holdings further bolster the FII’s share in Tata Motors.
- Franklin Templeton: Known for its global investment strategies, Franklin Templeton’s involvement adds to the diversity of the FII’s portfolio in Tata Motors.
These institutions play a crucial role in the governance and financial strategies of Tata Motors, influencing decisions through their collective voting power and investment interests.
Domestic Institutional Investors (DII)
Domestic Institutional Investors hold approximately 16.37% of Tata Motors’ shares as of September 2024. This group includes Indian mutual funds, insurance companies, and pension funds. Their investments are vital for providing capital and stability to Tata Motors, and they participate actively in corporate governance through shareholder meetings and voting processes.
Public Shareholders
Public shareholders, encompassing individual investors and retail participants, own about 20.44% of Tata Motors’ shares as of September 2024. This diverse group contributes to the company’s liquidity and market presence. While individual investors may not have significant control over corporate decisions, their collective investment reflects confidence in Tata Motors’ performance and prospects.
Other Tata Group Entities
Other entities within the Tata Group hold smaller stakes in Tata Motors. For instance:
- Tata Industries Limited: Holds approximately 2.17% of Tata Motors’ shares.
- Tata Investment Corporation Limited: Owns about 0.33%.
- Ewart Investments Limited: Holds around 0.09%.
- Tata Chemicals Limited: Owns approximately 0.06%.
- The Tata Power Company Limited: Holds about 0.01%.
- Simto Investment Company Limited: Owns a negligible stake.
- Tata Steel Limited: Holds a minimal percentage.
These holdings are part of the Tata Group’s diversified investment strategy, reflecting its long-term commitment to Tata Motors.
Government Stake
The Government of India holds a minor stake in Tata Motors, approximately 0.06% as of September 2024. This stake is relatively small but indicates the government’s interest in the company’s performance and its role in the Indian automotive industry.
Who Controls Jaguar?
Jaguar is a wholly owned subsidiary of Tata Motors but operates under its own executive leadership and board of directors. While strategic ownership rests with Tata Motors, the day-to-day control and direction of Jaguar are managed by Jaguar Land Rover (JLR), the umbrella company that oversees both Jaguar and Land Rover brands.
Jaguar Land Rover as the Parent Company
Jaguar is part of Jaguar Land Rover (JLR) Automotive PLC, a British multinational automotive company headquartered in Whitley, Coventry, England. JLR is responsible for the design, manufacture, and marketing of Jaguar vehicles. Though owned by Tata Motors, JLR has its own management structure and decision-making authority, allowing it operational independence.
Executive Leadership of Jaguar
The operations and strategic direction of Jaguar are overseen by the JLR executive team. As of 2024, the company is led by:
- Adrian Mardell – Chief Executive Officer (CEO) of Jaguar Land Rover.
Adrian Mardell was appointed permanent CEO in 2023 after serving as interim CEO. He has been with JLR for over 30 years and brings deep internal knowledge of operations and financial management. Under his leadership, Jaguar is being steered toward a major transition focused on electrification and sustainability. - Barbara Bergmeier – Executive Director, Industrial Operations
She is responsible for global manufacturing, supply chain, and procurement. Her role is critical in Jaguar’s shift toward electric vehicles (EVs), ensuring supply chain readiness. - Richard Molyneux – Chief Financial Officer (CFO)
He oversees the financial strategy and capital allocation within Jaguar Land Rover, supporting investments in EVs and digital infrastructure. - Thomas Müller – Executive Director, Product Engineering
He leads innovation, R&D, and engineering—crucial for Jaguar’s future EV platform and performance technologies.
Operational Independence
While Jaguar remains financially accountable to Tata Motors, its operational decisions—ranging from vehicle design to marketing strategies—are handled by its internal executive team. JLR’s headquarters in the UK manage Jaguar’s global footprint, including manufacturing plants in Castle Bromwich and Solihull.
This independent structure enables Jaguar to remain a British luxury car brand with creative autonomy, even under foreign ownership. Its executive leadership is tasked with maintaining brand identity, enhancing product innovation, and driving global expansion, particularly in the electric mobility segment.
Strategic Control from Tata Group
Although day-to-day decisions are made by JLR’s executives, Tata Motors and Tata Sons exercise strategic oversight through board representation and performance reviews. Tata’s role is more about setting long-term vision, ensuring financial discipline, and approving large-scale investments or restructuring—such as Jaguar’s pivot to becoming an all-electric luxury brand by 2025.
Annual Revenue and Net Worth of Jaguar
Jaguar operates under the umbrella of Jaguar Land Rover (JLR), a subsidiary of Tata Motors. While JLR’s financials are reported collectively, Jaguar’s performance can be inferred from available data and strategic investments.
Fiscal Year 2024 (FY24):
- Revenue: JLR reported a record revenue of £29.0 billion, marking a 27% increase from the previous year.
- Profit Before Tax: £2.2 billion, the highest since FY15.
- Profit After Tax: £2.6 billion.
- Free Cash Flow: £2.3 billion, the highest ever for JLR.
- Net Debt: Reduced to £0.7 billion by the end of FY24.
While specific figures for Jaguar alone are not disclosed, it’s noteworthy that Jaguar’s sales have been comparatively lower than those of Land Rover and Range Rover models. However, JLR has committed £1.5 billion towards Jaguar’s reinvention, focusing on launching three all-electric models to revitalize the brand.
Fiscal Year 2025 (FY25) Projections:
- Projected Revenue: JLR aims for approximately £30 billion in revenue, reflecting continued growth.
- Investment in Jaguar: The £1.5 billion investment is directed towards developing new electric models, with the first, a grand tourer named Type 00, already unveiled.
These strategic investments and financial commitments underscore JLR’s dedication to rejuvenating the Jaguar brand and positioning it as a leader in the luxury electric vehicle market.
As of April 2025, the net worth of Jaguar (JLR) is around $30 billion.
Below is a comprehensive overview of Jaguar Land Rover’s financial performance over the past decade:
| Fiscal Year | Revenue (£ million) | EBITDA (£ million) | Profit Before Tax (£ million) |
|---|---|---|---|
| FY2015 | 21,866 | 4,132 | 2,614 |
| FY2016 | 22,208 | 3,313 | 1,557 |
| FY2017 | 24,339 | 3,000 | 1,600 |
| FY2018 | 25,786 | 2,794 | 1,512 |
| FY2019 | 24,214 | 1,981 | (3,629) |
| FY2020 | 22,984 | 2,000 | (422) |
| FY2021 | 19,731 | 2,531 | (861) |
| FY2022 | 18,320 | 1,896 | (455) |
| FY2023 | 22,809 | 2,571 | (64) |
| FY2024 | 29,000 | 2,600 | 2,200 |
| FY2025* | 30,000 (Projected) | N/A | N/A |
Brands Owned by Jaguar
Jaguar Land Rover (JLR) operates a diverse portfolio of brands and subsidiaries, each contributing to its global presence in the automotive industry.
Jaguar
Jaguar is JLR’s luxury performance brand, renowned for its sleek design and dynamic driving experience. Established in 1935, Jaguar has a rich heritage in producing sports cars and saloons. The brand is undergoing a significant transformation, aiming to become an all-electric luxury marque by 2025, focusing on innovative design and cutting-edge technology.
Land Rover
Land Rover specializes in premium SUVs known for their off-road capabilities and refined luxury. The brand encompasses three distinct families: Range Rover, Discovery, and Defender. Land Rover is committed to electrification, with plans to introduce six pure electric variants in the coming years.
Range Rover
Range Rover represents the pinnacle of luxury within the Land Rover lineup. It includes models like the Range Rover, Range Rover Sport, Range Rover Velar, and Range Rover Evoque. These vehicles combine sophisticated design with advanced technology and performance.
Discovery
The Discovery family offers versatile SUVs designed for both urban and adventurous lifestyles. Models such as the Discovery and Discovery Sport provide spacious interiors and innovative features, catering to families and explorers alike.
Defender
Defender is Land Rover’s iconic model, reimagined for the modern era. It maintains its rugged heritage while incorporating contemporary design and technology, appealing to a new generation of adventurers.
Jaguar Special Vehicles
This division focuses on creating high-performance and limited-edition Jaguar models. It showcases the brand’s capabilities in engineering excellence and bespoke craftsmanship.
Land Rover Special Vehicles
Similar to its Jaguar counterpart, this division develops exclusive Land Rover models with enhanced performance and luxury features, catering to discerning customers seeking unique vehicles.
Jaguar Classic
Jaguar Classic is dedicated to preserving and restoring the brand’s historic models. It offers authentic parts, expert services, and even reborn versions of classic vehicles, celebrating Jaguar’s rich legacy.
Land Rover Classic
Land Rover Classic provides support for classic Land Rover models, offering restoration services, genuine parts, and heritage experiences to enthusiasts worldwide.
Jaguar TCS Racing
Jaguar TCS Racing is the brand’s motorsport division, competing in the ABB FIA Formula E World Championship. It serves as a platform for developing and showcasing electric vehicle technologies.
Chery Jaguar Land Rover
This joint venture between JLR and Chery Automobile produces Jaguar and Land Rover vehicles for the Chinese market. It includes models like the Jaguar XFL, XEL, and E-Pace, as well as the Land Rover Discovery Sport and Range Rover Evoque.
Freelander (Marque)
Freelander is an electric vehicle brand launched in partnership with Chery. It focuses on producing EVs for the Chinese market, with plans for global exports. The brand operates independently from JLR’s main portfolio.
Final Words on Jaguar Ownership
Jaguar, now under the ownership of Tata Motors, has continued to thrive as a luxury automotive brand. Tata Motors, controlled by Tata Sons, holds the reins of the company and makes all major strategic decisions. Through continuous innovation and investment, Jaguar has maintained its prestigious status in the automotive world. The brand’s ownership and control structure ensure that it remains part of a larger, forward-thinking conglomerate.
FAQs
Who owns Jaguar today?
Jaguar is owned by Tata Motors, a subsidiary of the Indian multinational conglomerate Tata Group.
How did Tata Motors acquire Jaguar?
Tata Motors acquired Jaguar and Land Rover in 2008 from Ford, marking a significant milestone in the history of both brands.
What other companies are owned by Tata Motors?
Tata Motors also owns Land Rover, and together with Jaguar, the two form the Jaguar Land Rover division, a major player in the global automotive market.
Is Jaguar controlled by Tata Group?
Yes, Tata Group, through its holding company Tata Sons, controls Tata Motors, and therefore indirectly controls Jaguar.
What is the annual revenue of Jaguar?
Jaguar’s revenue is included in the financial reports of Tata Motors, which posted a revenue of $40 billion in 2024. The exact revenue of Jaguar alone is not disclosed.
What brands are under Tata Motors?
Tata Motors owns Jaguar and Land Rover, both luxury automotive brands, as part of its portfolio.
Is Jaguar a British company?
Yes, Jaguar is a British brand. Its design, engineering, and manufacturing primarily take place in the UK, though it is owned by India’s Tata Motors.
When did Tata buy Jaguar?
Tata Motors acquired Jaguar and Land Rover from Ford in June 2008 for $2.3 billion.
Does Jaguar make electric cars?
Yes, Jaguar offers the I-PACE, an all-electric luxury SUV. The company plans to become an all-electric brand by 2025.
Where are Jaguar cars made?
Jaguar vehicles are primarily manufactured in the UK, in facilities like Castle Bromwich and Solihull. Some models are also built in Austria and China through partnerships.
Is Jaguar part of Land Rover?
Jaguar and Land Rover are two distinct brands owned by the same parent company, Jaguar Land Rover (JLR), which is a subsidiary of Tata Motors.
Who is the CEO of Jaguar Land Rover?
As of 2023, the CEO of JLR is Adrian Mardell. He officially took over the role after serving as interim CEO.
What is the most expensive Jaguar car?
The Jaguar C-X75 prototype and Jaguar D-Type classics are among the most expensive. Among current models, high-performance variants like the F-TYPE SVR top the list.
Is Jaguar still making sedans?
Yes, though some models like the XE and XF have seen declining sales, Jaguar continues to offer luxury sedans while transitioning to an electric-focused lineup.