Jaguar and Land Rover plan to join hands with Great Wall Motors in China

The Indian utility maker Tata Motors, the proud owner of the British luxury car brand Jaguar and Land Rover is in conversation with Great Wall Motor Co, a top Chinese sport utility manufacturer looking for a potential tie up.

An executive from Great Wall stated that the two auto giants are looking for opportunities to work together. A team of top officials visited the Chinese auto giants in the beginning of this month.

A source close to the development said that both the auto mobile manufacturers are one level above the initial talks. He also revealed that Great Wall chairperson Wei Jianjun also met with the top officials of Jaguar and Land Rover during the company's executives China Tour.

Tata Motors is one auto firm who is best known for manufacturing the smallest car to the most expensive car in India. In the wake of expanding its wings, the auto company now plans to spend almost Rs 7,300 crore in the current year towards the research and development on Jaguar and Land Rover, the luxury cars. It calculates to be around 10 to 11 per cent of the annual revenue of the two luxury car brands.

It was also heard of-late that, Ford Motors the former luxury car owners also wished to spend on the two auto brands research and development in 2008 before it was sold to Tata Motors.

Jaguar luxury brand includes four auto mobiles under its badge. It includes a station wagon, small sport car, a crossover and entry level saloon. Apart from these stylish cars, the craftsman from the company are also making an electric saloon which is christened as C-X75. As per the rumours, the new electric saloon is expected to churn 900 km in a charge racing to a top speed of 320 km/hr.

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