JLR to invest $1.6 billion to meet the rising demand for Evoque model

Saturday 12 May 2012, 12:05 PM by

Jaguar Land Rover, the British subsidiary of country’s largest car maker Tata Motors is planning to invest an additional amount of 1 billion British pounds ($1.6 billion) to catch-up with the high demand for the Range Rover Evoque model in the UK market. The sum will be spent with the suppliers in UK over the period of next four years.

JLR to invest Land Rover Evoque Victoria Beckham Edition unveiled!.6 billion to meet the rising demand for Evoque model | CarTrade.com
Range Rover Evoque

Since its launch in September last year, the company has managed to sell a total of over 60,000 units of Range Rover Evoque model. The new luxury SUV has been a big hit in the UK as well as in other big markets for Jaguar Land Rover.

The company has increased its manpower threefold in last three years to 4,500 units and is looking forward to create a 300 more jobs by opening a new logistics plant in Ellesmere Port, Cheshire. Moreover, the company looks forward to invest £200 million to expand this facility by 50 percent. The models will be manufactured this plant include the popular cars like Jaguar F-Type sports car.

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