According to a report from Mumbai, Tata Motors, the owner of Jaguar
and Land Rover, plans to increase
its annual investments in those two
halo brands to £1.5 billion (about R18.1
billion). So far the two have spent up to £800
million (R9.7 billion) per year on capital expenditure and product
development.
JLR has been increasing sales
globally for a while now, thanks to hot-selling
products like the XF and Evoque SUV.
Not only that, but profits are quite thick in that neck of the woods as well. In
fact, JLR was responsible for up to 95%
of Tata Motor’s profits in the last quarter
of 2011.
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