Analytics

Monday, April 11, 2011

Jaguar Land Rover To Invest Rs. 54000 Crore


Jaguar Land Rover, the British subsidiary of country’s largest vehicle maker Tata Motors, is planning to invest Rs.54000 crore in the coming five 5 years. The company is concentrating to improve its operations in India and around the globe. The new investment will be mainly centered on product growth; the Company is planning to grab the premium luxury car market around the world. Currently Jaguar Land Rover has only 4 dealerships in India, it is planning to increase it to 20 dealerships in the upcoming years.

Speaking on the occasion Chief Executive Officer of Jaguar Land Rover Mr. Ralf Speth said, "JLR is in the catch-up stage and we are going to do whatever we can to position ourselves in the top premium brand." He added that the company plans to invest 1.5 billion pounds (about 11,000 crore) per annum on its operations in the global market.

He added "We are looking forward strongly. Last month itself, we sold 74 cars in one month, which is a very good performance."