2013 Geneva Auto Show: JLR announces more investment in UK plant
At the Geneva Auto Show 2013, Jaguar Land Rover has announced that it will invest Rs 4138 crores in its UK plant. The amount goes into its new engine manufacturing unit. Additionally the company will be investing Rs 227.1 crore for its new or refreshed products, eight of which are expected to debut this year. These include the F-Type and the new 9-speed automatic box equipped Evoque.
The investment in the engine facility will see the company churning out lightweight 4-cylinder diesel and petrol engines with low emissions. This will help JLR position its products competitively in the global market. The new powerplant unit is expected to roll out the first engine by 2015.
On another note, JLR is also mulling setting up a manufacturing unit in India as also CKD assembly of the popular Evoque. Local assembly for the Evoque will mean a very competitive pricing and will help position it better against its rivals.
