Jaguar Land Rover, the Indian auto giant Tata Motors’ UK based subsidiary, is all set to establish a new engine plant in its base market UK with a heavy investment of 400 million pounds. The new JLR engine plant will be established at i54 Business Park in Wolverhampton, midlands (UK), and is expected to create about 2,000 employments in the country.
The decision of setting-up a new engine plant in UK is a part of company’s plans of having a greater control over the production of engines in the rapidly growing Asian markets. According to reports, besides the UK market, the company is also considering to set-up a new engine plant in the Indian market.
The UK coalition government has reportedly offered a financial support of 10 million pounds to the firm for this new plant. The new engine plant in UK will be ready in about two years, and will be eventually employing as many as 2,000 workers with the commencement of production.
The fortunes of JLR turned around after coming into Tata’s regime in December 2008. Tata had acquired the firm from US auto giant Ford Motors, at a time when JLR was making huge losses.
Moreover, JLR is currently investing about 1.5 billion pounds per annum on new product development and an ambitious capacity expansion. The firm aims to enhance the total capacity of its three Midlands based plants to 5,00,000 units per annum.
