LONDON: Tata Motors-owned luxury car maker Jaguar Land Rover will invest 600 million pounds in the UK as part of its expansion plans, including doubling the size of its operations at its headquarters in Coventry.
The funds will be pumped into its R&D and manufacturing divisions across three JLR sites in the West Midlands region of England – Castle Bromwich Advanced Manufacturing Plant; Whitley Advanced Design and Development Centre; and the
National Automotive Innovation Centre in Coventry.
The largest single investment has been made at the company's Castle Bromwich plant, where over 400 million pounds will go into new and upgraded facilities to support the introduction of the all-new Jaguar XF model.
"This investment, made here in the heartland of our UK business operations, signals the confidence we have in this region to support the creation, engineering and manufacturing of ultra-low emission, premium British products, today and in the future," said JLR CEO Ralf Speth.
Tata Group Emeritus Chairman, Ratan Tata, who was responsible for acquiring the struggling brands from Ford back in 2008, had recently told PTI: "I am very proud and very appreciative of the leadership Ralf Speth has provided and the spirit of the workforce, who worked shoulder to shoulder to bring these two venerable brands back to their original glory. .. The future is quite bright."
The latest expansion plans include a doubling in size of the company's operations at its headquarters in Coventry.
JLR, which was bought by India's Tata Motors for USD 2.3 billion from Ford in 2008 at the height of the global financial crisis, said land bought in Whitley meant it could expand its base from 55 to nearly 120 acres.
It said the new investment was aimed at supporting the company's creation of high tech and ultra-low emission vehicles.