Jaguar Land Rover has received funding of £340 million for research into initiative to lower carbon emissions in the premium car sector.

The brand has been funded by the European Investment Bank (EIB), which wanted to make a lasting contribution to the automotive research that would mean more environmentally-friendly cars being produced.

It is an eight-year loan, which will allow the brand to conduct research into the development of micro and full hybrid drive train motors and more energy-efficient car bodies in the premium car segment of the market.

The loan was granted under the European Clean Transport Facility, which supports investments that target research, development and innovation in the fields of emissions reduction and energy efficiency in European transport.

Tata Motors, India’s largest automobile company, acquired Jaguar Land Rover in 2008 and has sought funding to development the brand from various sources since then.

The EIB’s investment is the last major element of funding for the brand, which is important to Tata Motors as it attempts to strengthen its group in the current economic climate.

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