Jaguar Land Rover opens first wholly owned SUV factory in Brazil
The factory will produce the Discovery Sport and Range Rover Evoque SUVs for sale across Brazil this month
Shanghai: Jaguar Land Rover opened a factory in Brazil as part of efforts to increase local sourcing of components and reduce the impact of currency fluctuations on its profits.
The plant is the company’s first wholly owned facility outside its home market of the UK and will produce the Discovery Sport and Range Rover Evoque sport utility vehicles for sale across Brazil this month, according to an e-mailed statement.
The luxury unit of India’s Tata Motors Ltd will buy parts such as seats, chassis and powertrain assembly from local suppliers in Brazil for the factory. The automaker’s sales in Brazil rose 11% in the first five months.
Jaguar Land Rover has been the main profit contributor for parent Tata Motors, recording a 56% increase in net income to £472 million ($667 million) for the three months ended 31 March. Bloomberg
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