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JLR to invest 1.5 billion pounds every year
Auto major Jaguar Land Rover which is dominated by the Indian auto giant Tata Motors is planing to invest around 1.5 billion pounds every year globally. To grab the global luxury car market it plans to invest this big capital for next five years which will be around 7.5 billions. With this big investment the company to produce innovative and international level top premium brand.
Published On Apr 15, 2011 06:37 PM By CarDekho
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Jaguar Land Rover CEO Ralf Speth said that to achieve a good position in overseas premium car market the company is going to invest 1.5 million pounds every year which will run continue for next 5 years. So the cumulative investment of the company will be 7.5 crores in this five years period.
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Now the company to produce international level premium cars. First of all JLR will launch its most awaited sports utility vehicle Range Rover Evoque this year in the month of September. It has already made an announcement that this new beast which will be available with price tag of 27,955 pounds (about Rs 20 lakh) but it will first hit the UK roads later it will enter in India.
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Jaguar Land Rover is also doing well in the Indian car market as it sold 74 cars in one month which exhibits its excellent performance by the company. And now it is expecting 20 per cent growth in the first quarter of this fiscal.
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In Indian stable JLR includes Land Rover Discovery 3, Land Rover Freelander 2, Land Rover Range Rover Sport and Land Rover Range Rover SUVs which are getting good response by customers. Now it is planing to launch the new Freelander 2 very soon.
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Along with it for India it plans to set up a manufacturing plant in China. The company hopes that after launching of this China plant it will produce around 50,000 vehicles per year.
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