Jaguar Land Rover, the British subsidiary of country’s largest vehicle maker Tata Motors, is planning to invest about Rs 54,000 crore in its operations over the period of next five years. The new investment will be mainly focused on product development as the brand looks to establish itself as a top premium luxury car maker in the world.
In a statement given to PTI on Saturday, Jaguar Land Rover CEO Ralf Speth said, "JLR is in the catch-up stage and we are going to do whatever we can to position ourselves in the top premium brand." He added that the company plans to invest 1.5 billion pounds (about 11,000 crore) per annum on its operations in the global market.
While further elaborating company’s plans in the Indian market, Mr. Speth said, "We are looking forward strongly. Last month itself, we sold 74 cars in one month, which is a very good performance."
The company plans to enhance its sales network to 20 sales points in the Indian market from existing 4 dealerships. Moreover, the company also plans to start assembling some more models in the Indian market in the coming years.
