Jaguar plans production unit in India
Mumbai, March 3, 2013
Jaguar Land Rover (JLR) is investigating the potential of manufacturing cars in India, company sources said, as the British luxury carmaker looks to build on its growth in emerging markets with the help of Indian parent Tata Motors.
JLR, which has ridden a wave of surging demand in China and other emerging markets to post record profits over the past year, is "actively exploring the possibility" of building cars from scratch in India, said one company source.
"The idea is being looked into, with the (Jaguar) XF and (Land Rover) Freelander the obvious candidates," said another source.
The British brands, which already assemble two models in India using parts and engines shipped from factories in the UK, will also begin assembling its popular Range Rover Evoque in the country soon, the first source said.
Building cars in India would allow JLR to skirt high import taxes on luxury cars, which the country's finance minister proposed raising to 100 per cent from 75 per cent in his budget speech last week.
Bought by Tata for $2.3 billion from Ford in 2008, JLR has roared back into profit over the past three years as the main growth driver for its now-struggling parent.
Continued growth in markets such as India and China, which accounted for 22.3 per cent of its sales in the December quarter, is key for JLR as it embarks on an expensive overhaul of its production and product clout.-Reuters
More Motoring Stories
- BMW unveils mobile site, iDrive in Arabic
- Toyota holds body and paint contest in Bahrain
- 330 tonnes of specialist racing cargo for Bahrain
- Automatic licence holders 'can't drive manual cars in Qatar'
- Jaguar Land Rover wins advertising award
- Rolls-Royce to buy key Daimler stake
- Nissan develops ‘smart rearview mirror’
- Dubai Taxi to offer Wi-Fi Internet in cabs
- Infiniti unveils new engine for Q50 Eau Rouge
- Bentley to debut Continental GT Speed at Geneva
- 17 die on Saudi roads daily
- Gargash to build showrooms for China automaker
- Jaguar to launch new sports sedan
- Jaguar Land Rover launches pre-owned programme
- Nissan Patrol sales hit top gear in Jan
- Al-Futtaim wins control of Kenya motor firm
- Dubai RTA, vehicle mortgagers improve service
- Arabian Auto posts 20pc rise in Nissan sales
- Global premiere for two Maserati models
- New Lexus wins Wheels magazine award
- Batelco to hold annual motor show
- Hyundai to unveil Intrado at Geneva
- Bahrain circuit to honour Schumacher
- Hertz unveils big plans for ME travellers
- F1 stars meet racing fans in Bahrain
- New Audi A3 Sedan launched in Bahrain
- Tata mulls Jaguar Land Rover plant in Saudi
- Nissan to showcase top models at Geneva show
- 51pc Dubai car buyers 'dissatisfied' with price
- Kia on Tour to start next week