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According to a report from Mumbai, Tata Motors, the owner of Jaguarand Land Rover, plans to increase its annual investments in those two halo brands to £1.5 billion (about R18.1 billion). So far the two have spent up to £800 million (R9.7 billion) per year on capital expenditure and product development.
JLR has been increasing sales globally for a while now, thanks to hot-sellingproducts like the XF and Evoque SUV. Not only that, but profits are quite thick in that neck of the woods as well. In fact, JLR was responsible for up to 95%of Tata Motor’s profits in the last quarter of 2011.
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