Tata Motors’ premium car subsidiary Jaguar Land Rover (JLR) is reportedly close to announcing plans for a new manufacturing plant in Brazil.
Reuters reported that the new plant would be located in Brazil’s Rio de Janeiro state – at Itatiaia – and cited “three government sources”. The report also said that that production could begin as early as 2015 and one of the sources said that an official announcement could come as early as next week.
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“Everything is very advanced with only minor details to be worked out,” said Luiz Carlos Ferreira Bastos, Itatiaia’s mayor, speaking to Reuters.
Phil Popham, JLR’s marketing chief, recently told just-auto that the company has formed a new Global Business Expansion team that it is looking at production opportunities around the world. These include Brazil where there is a very strong market for Land Rover products.
“Brazil is by far the biggest market in quite a volatile region in terms of sales and currencies but we are looking at the long term potential,” Popham said.
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