Tata Motors-owned Jaguar Land Rover plans to invest around 3.75 billion pounds during the current fiscal on expanding production capacity, new product launches and enhancing technologies.
“The company plans to invest in the region of £3.75 billion during fiscal 2016-17 to support continued, sustainable, profitable growth in the future,” Jaguar Land Rover ( JLR ) said in a statement. The investment will go into expansion of global production capacity, new technologies and new vehicles, such as the Jaguar F-PACE and the Range Rover Evoque Convertible that will unleash the potential of both brands in the future, it added. “JLR has produced and sold more cars than at any time in our history. We are now the largest automotive manufacturer in the United Kingdom,” the company’s Chief Executive Officer Ralf Speth said.