Jaguar Land Rover to raise investment in UK engine plant
Tata Motors owned Jaguar Land Rover plans to increase investment in the new engine manufacturing centre in the UK to more than GBP 500 million from earlier committed GBP 350 million.
March 05, 2013 / 16:15 IST
Moneycontrol Bureau
Tata Motors owned Jaguar Land Rover plans to increase investment in the new engine manufacturing centre in the UK to more than GBP 500 million from earlier committed GBP 350 million.In addition, the company will invest GBP 2.75 billion in product creation to support its "ambitious" growth plans to introduce 8 new or refreshed products during the year, the British luxury car and SUV maker announced at the Geneva Motor Show.The engine manufacturing facility is essential to support the company's long-term strategic growth plans and will be the home for a new generation of technologically advanced, lightweight 4-cylinder low emission diesel and petrol engines.JLR currently sources engines from its former parent Ford Motor Co. The company has seen strong global demand for its vehicles, particularly the new Land Rovers and Range Rovers. Its sales in 2012 surged 30 percent to 3.58 lakh units."Jaguar Land Rover's new engine manufacturing centre in the UK is a clear demonstration of our business strategy guiding our investment plans. Not only does it bring our engine supply back to our production doorstep, but it gives us significant new resource as we continue to innovate with new products and markets," said Ralf Speth, CEO, JLR.The facility will open later this year with the first engines coming off the production line in 2015, the company said.Around 1,400 highly skilled engineering and manufacturing jobs will be created at the plant, it added.Also Read: Tata Motors accelerates on strong JLR sales expectations
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