Jaguar-Land Rover (J-LR) have experienced a steep growth in the recent past and they have grand plans for further expansion.
J-LR are making huge investments in different locations around the world to strengthen their global footprint and are studying new possibilities and segments. The group has ambitious plans to launch about 40 new products in the next four to five years and is looking at smaller segments for the same. J-LR have hinted that they are considering luxury cars and SUVs in the Rs 25-40 lakh bracket as the success of entry-level luxury vehicles indicates a downsizing trend.
The company recently announced a new plant in China, which will become operational in 2014. The plant will have engine manufacturing capabilities and a R&D centre for developing products for the emerging markets. Along with that, the group is also planning to expand its Indian plant and set up a facility in Saudi Arabia where they will be able to source aluminium at a regulated rate. J-LR are also focusing on expanding their dealership network in India and abroad. The group plans to set up 10 more dealerships in India over and above the existing 15 in the next year or two.
