Move aimed at emulating the success of lower cost luxury vehicles made by its sister company Land Rover. The new cars will include a compact saloon and crossover SUV - currently the fastest-growing models in terms of global sales
While Jaguar sales 36 percent year-on-year in May at 6,174 units, Land Rover sales were up 8 percent to 26,303 units.
Kotak Institutional Equities analyst Hitesh Goel explains to CNBC-TV18 that Tata Motors is on the top of his investment picks for the year thanks to the boost in JLR‘s Evoque and Freelander models which was caused by management initiatives that included the addition of a third shift at the company‘s Halewood plant.
Tata Motors is in talks with Brazilian authorities about setting up a plant to assemble Jaguar Land Rover's (JLR) Freelander four-by-fours, the Financial Times reported on Monday.
Tata Motors is all set to inaugurate its first Land Rover plant in India on May 11. The Pune plant will be used to assemble Rover's popular 'Freelander' brand, reports CNBC-TV18's Swati Khandelwal Jain, quoting sources familiar to the development.