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Jaguar Land Rover in talks to build assembly plant in China

Jaguar Land Rover in talks to build assembly plant in China
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First Published: Tue, Apr 19 2011. 12 40 PM IST
Updated: Tue, Apr 19 2011. 12 40 PM IST
Shanghai: Jaguar Land Rover is in talks with potential Chinese partners to set up an assembly plant in the world’s largest auto market, its chief executive said on Tuesday.
“We are still in discussions,” Ralf Speth told Reuters on the sidelines of the week-long Shanghai Auto show. “It takes time and we want to do it thoroughly.”
The company has contacted several Chinese automakers including Jiangling Motor Corp Ltd, which is 30% owned by Ford Motor Co, and Great Wall Motor Co Ltd.
Jaguar Land Rover sold about 30,000 cars in China last year. Jaguar Land Rover, a unit of India’s Tata Motors Ltd, is among a very few top-line global brands that do not have manufacturing arrangements in China, where BMW AG, Audi AG and others have already racked up stellar sales.
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First Published: Tue, Apr 19 2011. 12 40 PM IST