Jaguar Land Rover plans to make a new investment at its engine plant in the UK and double employment here to around 1,400 workers.
Chief Executive Ralf Speth announced that Jaguar Land Rover plans to increase investment at its engine plant in central England with more than 500 million pounds ($754 million) from the previous plan of around 350 million.
Over the past two years, JLR, owned by India’s Tata Motors, has seen an increase in demand for SUVs and luxury saloons, especially in China and other emerging markets, helping the automaker avoid plant shutdowns and falling production. This investment is part of JLR’s surge in capital spending at its production plants.
In China, JLR and Chery Automobile, its local partner, are building a plant and in India the automaker is investigating the potential of manufacturing vehicles. Jaguar Land Rover already assembles two models in India using engines and parts provided by the plants in the UK and the company also plans to assemble its popular Ranger Rover Evoque here soon.
“The idea is being looked into, with the (Jaguar) XF and (Land Rover) Freelander the obvious candidates,” said a source with knowledge of the matter.