Jaguar Land Rover signs deal with Slovakian Govt. for new manufacturing plant
A Letter of Intent has been signed by Jaguar Land Rover and the Slovakian Government as part of Jaguar Land Rover’s Global Expansion Plans. The company’s new plant in the city of Nitra in Western Slovak Republic is a part of the company’s expansion plans. Jaguar Land Rover Slovakian plant will add to enhance sales to the extent of 750,000 units by the end of this decade and to a million units in due course.
In 2014, Jaguar Land Rover delivered 462,678 units, an increase of 9% as compared to 425,000 units delivered in 2013. The new Slovakian plant is estimated to have capacity of 300,000 units per annum and it is from where the company will produce a range of aluminium Jaguar Land Rover vehicles while the first car is slated to roll off production lines in 2018.
Jaguar Land Rover has a presence in global markets. Owned by India’s Tata Motors, and Headquartered in the UK, the company has recently opened a new joint venture in China while construction operations commenced at the end of 2014 on a new manufacturing plant in Brazil. This new venture by Jaguar Land Rover is a part of the company strategy for expansion of global business operations into new international locations even while the UK facility remains cornerstone of company business from where all design, engineering and manufacturing facilities are conducted.
Over past 5 years, the company has taken on over 20,000 new employees taking total to 36,000 and has invested over £11 billion in product creation and capital expenditure. In 2015-16 the company plans an additional £3.6 billion for new vehicle creation while 12 new and facelifted vehicles are also being planned.