Jaguar Land Rover invests £400 million to set up plant in Midlands

In a bid to boost sales and increase growth, Jaguar Land Rover has announced their intention to invest £ 400 million in setting up an engine plant in Midlands.  This decision by the company is likely to give a giant boost to car sales and help in creation of over 2000 jobs.  While JLR continues to grow in size, it does help add a very colorful feather in Ratan Tata’s auto empire.

An announcement in this regard would be made last week, and the company which has already been assured of financial support from the Government would be setting up the plant in Wolverhampton in UK.  Yet in its infancy, the plant is likely to come up in the next two years and would offer jobs to 2000 people.  Tata Motors bought Jaguar and Land Rover from Ford in 2008 and since then the company has been prospering under the Tata leadership.

Mr. Ratan Tata of Tata Motors said that though Carl-Peter Forster is no longer Chief Executive of Tata Motors the credit for success of Jaguar Land Rover is due to backing of an excellent management team and dedicated workforce. While JLR is going from strength to strength, there’s been no announcement yet regarding who will step into Forster’s shoes now.