Land Rover assembly in India will commence next year, according to Tata Motors' CEO Carl-Peter Forster.
Forster told Reuters that the firm was also in talks with a joint-venture partner in China over assembling certain Jaguar and Land Rover models there.
The Land Rover models will be assembled in Pune; knockdown kits will be exported from the UK to India for assembly. No details on what Land Rovers will be assembled in India have been revealed at this stage.
Read more on Project Icon, the Land Rover Defender's replacement
Elsewhere, Tata Motors' share price rose earlier to its highest level in 19 years after it posted a profit for the first fiscal year quarter to the end of June. The profit was 5.9 per cent up year-on-year, causing an increase in Tata’s share price to a high last seen in January 1991.
Profits were boosted by strong demand for Jaguar and Land Rover products. JLR sales were up in the quarter to 57,153 units compared with 35,947 a year earlier. New car sales in India reached a record high last month.
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Re: Land Rover production shifts to India
Thank god I am retired, on my self funded pittance of a pension, out of the UK's precision engineering industry. Will the Indians and Chinese be paying all the taxes to keep the bankers and other public sector workers in jobs?
Re: Land Rover production shifts to India
India has an import duty on cars of 100% if memory serves me correctly. Explains why even Audi have begun manufacturing A4 A6 Q7 there in kit form as well as BMW manufacturing 3 and 5 series. Simply a way of saving on the import duty. In my copy of Autocar India from my last trip in March, there was an article on the new S-Class being assembled there making a sizable import duty saving(approx 20-30lakh rupees. 1 lakh = 100,000, current exchange rate £1+INR73. Leave you all to do the maths), I would imagine there aren't many companies not manufacturing there some way or another. A Land Cruiser Amazon costs in the region of £100k because it's not made there. If these workers can manufacture the best of the three pointed star, why not Jaguar Land Rover?
Re: Land Rover production shifts to India
I would not worry about it as manufacturers always manufacture overseas when they are expanding look at bmw merc toyota honda nissan to name a few also volvo.At the end of the day a lot of europeans and americans would not spend range rover and jaguars madi in chine and india but makes sense that as those economies increase may buy more than europe and to save import duties need to be assembled there probably knock down kits