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Tata Motors & Jaguar Land Rover News : Jaguar Land Rover (JLR), a renowned British car company, is currently owned by Tata Motors, an Indian automotive manufacturer. Tata Motors acquired JLR in 2008. While JLR cars are presently imported and sold in India, there are plans for potential manufacturing of JLR vehicles within India in the future. This move aims to reduce the prices of JLR cars, as importing them currently incurs heavy import duties.
According to reports from news agency Reuters, Tata Motors is considering initiating the manufacturing of Jaguar Land Rover luxury cars at its $1 billion plant located in Tamil Nadu. If this plan materializes, it will mark the first instance of JLR brand cars being entirely manufactured in India. Sources suggest that these cars will be both sold domestically in India and exported to other markets.
However, the sources, who chose to remain anonymous, noted that the company has not yet officially announced this plan. Tata Motors has refrained from commenting on the matter at this time. Earlier in March, Tata Motors had announced its intention to establish a plant in Tamil Nadu, but details regarding the vehicles to be manufactured there and the production volume were not disclosed.
Currently, JLR operates three factories in Britain and also manufactures vehicles in China, Brazil, and Slovakia. In India, JLR sells luxury cars such as the Range Rover Evoque, Discovery Sport, and Jaguar F-Pace, which cater to a niche market due to their premium pricing.
Up until now, JLR models sold in India have been either imported from the UK as fully built vehicles or as separate parts assembled at a factory near Pune city.
Approximately two-thirds of Tata Motors’ earnings are attributed to JLR. In the financial year ending March 2023, Tata Motors recorded its first annual profit in the last five years, driven by robust demand for the sporty Range Rover SUV and Jaguar cars.