JLR to invest £3.6 bn in India, China & Brazil

Discussion in 'Economy & Infrastructure' started by Srinivas_K, Feb 6, 2014.

  1. Srinivas_K

    Srinivas_K Senior Member Senior Member

    Jun 17, 2009
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    JLR to invest £3.6 bn in India, China & Brazil

    NEW DELHI: Jaguar Land Rover — the British marquee brands Tata Motors bought in 2008 — has lined up a £3.6 billion investment over the next 15 months as it revs up for a wider play in India, China and Brazil.

    Ralf Speth, CEO of JLR, told TOI that the company is embarking on a fresh expansion phase globally, that includes more focus on its "second home market India". Speth expects support from parent Tata Motors in the India push. "We see the Tata group as a big conglomerate: we can have synergies with various group companies, similar to what we have with TCS for IT projects."

    JLR also has plans of widening its India assembly projects, adding the XJ saloon car to the Jaguar XF and Land Rover Freelander. "Tata can guide us about the network (expansion), network development, local knowledge and culture."

    JLR to invest £3.6 bn in India, China & Brazil - The Times of India
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