IBEF: June 16, 2016
Shanghai: Jaguar Land Rover (JLR), the luxury unit of Tata Motors Limited, has opened its first wholly owned Sports Utility Vehicle (SUV) factory in Brazil, which will produce the Discovery Sport and Range Rover Evoque SUVs for sale across the country. The plant is company’s first wholly owned facility outside its home market of the UK and aims to increase local sourcing of components and reduce the impact of currency fluctuations on JLR's profits. JLR will buy parts such as seats, chassis and powertrain assembly from local suppliers in Brazil for the factory.
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