0121 568 8793 [email protected]
jaguar-land-rover-celebrate-successful-january-52747-1

JLR Now in Brazil

February 11 2014

Jaguar Land Rover has confirmed plans to build a car plant in Brazil capable of producing 24,000 vehicles a year. The UK car company had been in talks about the project with authorities in Rio de Janeiro for months. JLR, the luxury car unit of India’s Tata, said that it would invest £240m (750m reais) in the factory, which would begin production in 2016. Dr Ralf Speth, chief executive of JLR, said: “Brazil and the surrounding regions are very important. Customers there have an increasing appetite for highly capable premium products.” JLR’s sales in Brazil for the first ten months of 2013 have increased by more than 40% to 9,549 vehicles. The company’s best-selling models in the country are the Range Rover Evoque, Freelander and Discovery Producing cars locally means JLR will avoid Brazil’s high import tariffs. Nor does JLR have to form a partnership with a Brazilian company, as it had to in China. In September, JLR announced plans to create 1,700 jobs at its plant in Solihull in the UK as part of a £1.5bn investment to expand its product range.

 

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

warship Brazil

UK agrees sale of HMS Ocean to Brazil

The MOD has agreed to sell HMS Ocean to the Government of Brazil after 20 years of service. Sold to the Brazilian Navy for around £84M, the profit generated from the sale will be reinvested in defence at a time...

Read More

Stay up to date

Sign up to our monthly newsletter:

Email Address

By signing up to our newsletter you indicate your consent to receiving email marketing messages from us. If you do not want to receive such messages, tick here: 

You can opt out any time via the unsubscribe link at the bottom of our newsletter or click here