By IANS,
New Delhi : Tata Motors company Jaguar Land Rover (JLR) Monday said it will invest 355 million pounds (over $550 million) for a new facility to manufacturer advanced engines which have low-emissions.
“This is a major commitment for our company and we will produce advanced, highly-efficient engines for future Jaguar and Land Rover models at a new facility in the UK,” said Ralf Speth, chief executive, JLR.
According to a company statement, the new investment is in line with its long-term strategy.
“As part of our long-term strategy for the JLR business, we will design, engineer and manufacture a new family of advanced engines,” Speth said.
The investment would be made in trenches of 1.5 billion pounds a year for the next five years, the company said.
“As we invest 1.5 billion pounds a year for the next five years on new product developments, expanding our engine range will help us realise the full global potential of the Jaguar and Land Rover brands,” he said.
The expansion would also provide an extensive range of engine choices to the customers, said the company.
“The all-new family of four cylinder engines will increase JLR’s capability to offer high performance engines with class-leading levels of refinement, whilst ensuring continued significant reductions in vehicle emissions.”
The engine manufacturing facility is expected to generate about 750 highly-skilled engineering and manufacturing jobs, along with a high number of post in the supply chain sector.
The company currently employs more than 19,000 people directly in Britain and supports up to 140,000 jobs in the supply chain, dealer network and other associated sectors.