JLR plans to increase outsourcing of component from India
Jaguar Land Rover (JLR), the premium British brand for car manufacturing, now held by Indian major, Tata Motors is looking forward to increase its profits. Recently, the Indian major had announced that the company will make good investments in the area of R&D for the Jaguar and Land Rover brand and now the company is heard to be indulged in talks with the local vendors in order to supply auto parts as they will cost the company cheaper compared to the ones manufactured in West.
- Write a comment
As per the report, a company indulged in supplying auto parts to Tata Motors will now sully for the Jaguar Land Rover brand as well. The reports also say that the Pune based purchasing office of the two brands are following strict strategy to get a supply from the local vendors.
The company was heard to in talks with the multiple component manufacturers to supply the components to both the brands. The reports quoted an official from LumaxJLR brand with the expectation of demand to rise. The reports said that Tata Motors is planning to ring up the component supply from India to increase by 30 per cent. With this decision the company will be able to reduce its car prices as the components in India will cost 30-40 per cent cheaper as compared to the once in West. The reports claimed that the company’s decision of supplying auto parts from Indian vendors is derived from its decision to increase the manufacturing capacity of its UK based facility to 3 lakh Auto Technologies, based in Delhi saying that the company has bagged the contract for providing the LED high-mount stop lamps for the units. This will help the company in reducing the cost of the cars.
Read More on : click here to read more on Jaguar XJ
