Tata owned luxury car maker Jaguar Land Rover announced their latest plan to invest in technology and innovation at the 2013 Geneva Motor Show. The company will be investing around £500m (Rs 4138 crore) to build a new engine manufacturing plant in UK that will create 1400 engineering and manufacturing jobs. The new plant will have an engine testing center alongside the manufacturing and assembly line.
JLR will also be investing £2.75bn in product development during 2013 that will support the launch of eight new or updated models.
“Jaguar Land Rover’s new Engine Manufacturing Centre in the UK is a clear demonstration of our business strategy guiding our investment plans. Not only does it bring our engine supply back to our production doorstep, but it gives us significant new resource as we continue to innovate with new products and markets.” said Dr. Speth, CEO, Jaguar Land Rover.