Jaguar Land Rover to manufacture cars in India
MUMBAI/LONDON: Jaguar Land Rover (JLR) is investigating the potential of manufacturing cars in India, 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 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 begin assembling its popular Range Rover Evoque in the country soon, the first source said. Reuters