News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 9 years ago
Home  » Business » Ratan Tata confirms JLR's North America plan

Ratan Tata confirms JLR's North America plan

February 25, 2015 20:33 IST
Get Rediff News in your Inbox:

Jaguar Land Rover is eyeing North America as a possible site to build a vehicle assembly plant, the former head of the British luxury automaker's parent said according to Automotive News.

"The company is indeed looking at North America as a location for another plant," Tata Motors chairman emeritus Ratan Tata said Tuesday according to the trade publication. "Where they locate that plant, in which country or which state they locate, is something they will need to decide."

Ratan Tata did not specify at a conference in South Carolina where Jaguar Land Rover is looking, and emphasized he is not part of the decision-making process, Automotive News said. Ratan Tata retired as chairman of India's Tata conglomerate at the end of 2012.

A spokesman for Jaguar Land Rover declined to comment on Wednesday. The company said on February 6 that no decision on future manufacturing locations had been made, but it was evaluating opportunities to increase its global manufacturing capacity and North America as well as other locations were options.

Budget 2015: Complete Coverage

Get Rediff News in your Inbox:
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
 

Moneywiz Live!