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RISKS

The table below enumerates the key risks, their impact on our

capitals and the mitigation measures that we have adopted.

For details of all risks, please refer to the Risk Factors in the

Management Discussion & Analysis section.

CONTEXT

The Company (including

JLR) has initiated several

programmes to optimise its

operating efficiencies and

implements its strategic

roadmap.

These programmes may not

deliver projected efficiencies

and anticipated benefits may

not accrue as expected.

JLR’s expanding global

presence increases its

exposure to multiple

geopolitical challenges which

may impact its business.

India’s automotive industry

may be affected by the

general economic conditions

nationally and internationally.

The Company (including

JLR) is subject to a rapidly

evolving regulatory landscape

around environmental issues

such as, CO

2

emissions

and fuel economy. These

developments impact all

our products as well as the

manufacturing facilities.

The Company has to

migrate to BS VI in India from

April 1, 2020. This entails

challenges in the adaptation

of technologies, innovations

relating to manufacturing,

testing and validation to the

new standards.

CAPITALS

IMPACTED

MITIGA-

TION

The Company (including

JLR) has launched certain

initiatives to reduce product

and business complexity and

to benefit from economies

of scale. Its robust project

management processes

ensure set targets are met.

JLR continues to expand its

international footprint and

maintains a balanced retail

sales profile across key sales

regions.

The Company (including

JLR) continues to closely

monitor global geopolitical

and macroeconomic

developments.

JLR has invested substantially

in the development of

lightweight architecture,

its in-house four-cylinder

engines and electrification

technologies, including mild

and plug-in hybrid as well as

battery electric vehicles.

The Company is making

technological and other

investments along with its

partners such as Cummins

to get itself ready with

appropriate BS VI solutions

across its products.

Business Strategy

and Operating

Efficiencies

Volatile Global

Economic and

Geopolitical Environment

Environmental

Regulations and

Compliances

CORPORATE OVERVIEW

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